BNP, Iberia, Indra Sistemas, Prisa: European 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 fell less than 0.1 percent to 271.39. The Stoxx 50 Index rose 0.1 percent to 2,596.52. The Euro Stoxx 50 Index, a benchmark for nations using the euro, retreated 0.5 percent to 2,831.22.
Bank shares may move after falling for a second day across Europe as the cost of insuring the bonds of Irish lenders soared amid concern that the government won’t be able to afford the cost of bailing out the nation’s banks.
Iberia Lineas Aereas de Espana SA (IBLA SM): Spain’s biggest airline said passenger traffic rose 9.3 percent in October from a year earlier. The stock declined 2.3 percent to 3.14 euros.
Promotora de Informaciones SA (PRS SM): Amber Capital LP increased its short interest in the company known as Prisa to 1.36 percent of the media firm, according to a filing. The shares of Prisa fell 8.5 percent to 1.83 euros.
Indra Sistemas SA (IDR SM): Spain’s largest computer- services company said its nine-month profit dropped 5 percent as sales in Spain decreased. The stock fell 1.1 percent to 13.75 euros.
La Seda de Barcelona SA (SED SM): Europe’s largest maker of polyethylene terephthalate said in a filing its nine-month net loss narrowed to 29.5 million euros from 382.4 million euros a year earlier. The shares fell 1.5 percent to 6.6 euro cents.
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