Air France, Heineken, Michelin, Tullow: Europe Equity Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses, and prices are from the previous close.
The Stoxx Europe 600 Index slipped 0.2 percent to 266.92. The Stoxx 50 Index fell 0.2 percent to 2,549.73. The Euro Stoxx 50 Index, a benchmark for nations using the euro, declined 0.5 percent to 2,856.31.
Air France-KLM Group (AF FP): Europe’s biggest airline raised its full-year earnings forecast because of a recovery in demand for travel. The stock lost 1.3 percent to 13.12 euros.
Banco Bilbao Vizcaya Argentaria SA (BBVA SM): Spain’s second-biggest lender may say third-quarter profit fell 14 percent to 1.19 billion euros ($1.66 billion), according to the average estimate of eight analysts surveyed by Bloomberg. The shares fell 0.3 percent to 9.63 euros.
CSM NV (CSM NA): The world’s biggest maker of bakery ingredients is scheduled to give a third-quarter trading update before the market opens. The shares rose 0.3 percent to 22 euros.
CSR Plc (CSR LN): The maker of chips used in Nokia Oyj mobile phones is scheduled to report third-quarter earnings. The shares climbed 2.4 percent to 345.3 pence.
Deutsche Bank AG (DBK GY): Germany’s biggest bank will report a third-quarter loss of as much as 1.52 billion euros ($2.11 billion) after writing down the value of its existing stake in Deutsche Postbank AG, according to analysts surveyed by Bloomberg. The shares fell 1.6 percent to 41.19 euros.
Deutsche Boerse AG (DB1 GY): Europe’s largest exchange operator by market value reports third-quarter earnings. The shares fell 0.9 percent to 51.80 euros.
Elan Corp. (ELN ID): The drugmaker is scheduled to report third-quarter earnings. The stock dropped 1.9 percent to 4.05 euros.
Electricite de France SA (EDF FP): Europe’s biggest power producer said strikes in France had no impact today on customers. EDF fell 0.1 percent to 32.36 euros.
Compania Espanola de Petroleos SA (CEP SM): The oil company said nine-month profit adjusted for inventories climbed 55 percent to 328 million euros. The company will pay a 2010 gross interim dividend of 45 cents per share in December. The shares fell 0.8 percent to 16.51 euros.
Banco Espirito Santo SA (BES PL): Portugal’s biggest publicly traded bank in market value agreed to buy a 25.1 percent stake in Mozambique’s Moza Banco for about 7.1 million euros. Espirito Santo said it will simultaneously subscribe a capital increase in Moza Banco, representing a total investment of about 8.1 million euros. The shares rose 0.2 percent to 3.61 euros.
Fleury Michon SA (FLE FP): The food company reported nine month revenue rose to 441.9 million euros from 393.9 million euros a year earlier. Shares rose 0.4 percent to 30.98 euros.
GlaxoSmithKline Plc (GSK LN): The U.K.’s largest drugmaker settled a U.S. government false claims suit over the sale of defective drugs for $750 million. The shares fell 1.7 percent to 1,265 pence.
Heineken NV (HEIA NA): The world’s third-largest brewer may say revenue in the three months that ended Sept. 30 increased to 4.84 billion euros ($6.71 billion), according to the average of nine analyst estimates compiled by Bloomberg, from 4.07 billion euros a year earlier. The shares retreated 0.6 percent to 38.02 euros.
Jazztel Plc (JAZ SM): The phone company earned 5.2 million euros in the third quarter, beating the average analyst estimates of 2.8 million euros in a Bloomberg survey. The shares rose 0.2 percent to 3.30 euros.
Kontron AG (KBC GY): The maker of miniature computers for slot machines and drone aircraft reports third-quarter earnings. The shares rose 0.4 percent to 7 euros.
Krones AG (KRN GY): The world’s biggest maker of bottling and packaging equipment reports third-quarter earnings after swinging back to profit in the second quarter, helped by the economic recovery. The shares fell 0.9 percent to 42.01 euros.
Mediq NV (MEDIQ NA): The biggest Dutch pharmacy chain may say third-quarter net income fell to 21.5 million euros, the average of three analyst estimates compiled by Bloomberg, from 23.3 million euros a year earlier. The shares increased 0.3 percent to 14.15 euros.
Michelin & Cie. (ML FP): The world’s second-largest tiremaker said third-quarter revenue rose 24 percent, helped by demand from truckmakers and logistics companies in Europe and South America. Shares fell 1.7 percent to 59.24 euros.
Nyrstar NV (NYR BB): The world’s largest zinc producer reports third-quarter output figures before the start of trading. The shares advanced 0.4 percent to 11.08 euros.
Orgasynth SA (ORG FP): The Paris-based chemical maker reported third quarter revenue rose to 7.6 million euros from 6.99 million euros a year earlier. The stock was unchanged at 12.20 euros.
Praktiker AG (PRA GY): Germany’s second-biggest home- improvement retailer unveils third-quarter earnings as the company shifts strategy to promote own-brand products. The shares rose 0.6 percent to 6.78 euros.
Rubis SA (RUI FP): The distributor of liquefied petroleum gas took over the Linde LPG cylinder business in Switzerland, saying it will add to earnings immediately. Shares added 1.5 percent to 80 euros.
Saipem SpA (SPM IM): Europe’s largest oilfield-services provider is scheduled to release third-quarter results. The shares dropped 2.4 percent to 31.36 euros.
SAP AG (SAP GY): The biggest maker of business-management software reports third-quarter earnings after buying Sybase Inc. for $5.8 billion in July to speed up expansion in the mobile- applications market. The shares rose 0.3 percent to 38.30 euros.
Groupe SEB SA (SK FP): The household appliances maker reported nine-month revenue rose to 2.42 billion euros from 2.1 billion a year earlier. Shares lost 0.3 percent to 66.25 euros.
Snam Rete Gas SpA (SRG IM): Italy’s gas pipeline operator is scheduled to report third-quarter results. The shares gained 1.4 percent to 3.88 euros.
Tullow Oil Plc (TLW LN): The U.K. explorer focused on Africa said a British Virgin Islands court extended an injunction against the development of oil blocks in Congo by two companies owned by Khulubuse Zuma, the nephew of South African President Jacob Zuma. The stock declined 1.5 percent to 1,210 pence.
UniCredit SpA (UCG IM): Italy’s biggest bank appointed Deputy Chief Executive Officer Roberto Nicastro to a new position of general manager in an attempt to smooth relations with investors, while Sergio Ermotti, head of the investment bank, decided to step down after the management shakeup. The shares fell 0.3 percent to 1.88 euros.
Virgin Media Inc. (VMED LN): The U.K.’s second-largest pay- television company is due to report third-quarter earnings. The shares declined 1.5 percent to 1,556 pence.
Vossloh AG (VOS GY): The maker of railroad equipment that announced a joint venture in China on Oct. 14 presents third- quarter earnings. The shares rose 0.8 percent to 85.29 euros.
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