BMW, France Telecom, Rhodia, Siemens: 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 rose 2 percent to 267.11. The Stoxx 50 Index advanced 2 percent to 2,526.22. The Euro Stoxx 50 Index, a benchmark for nations using the euro, gained 2.7 percent to 2,721.87.

Banco Santander SA (SAN SM): Call option trading in Spain’s biggest lender increased to a four-month high in the U.S. amid bets the Madrid-based bank will rally after Spain sells bonds. More than 8,900 calls to buy American depositary receipts on Santander changed hands as of 12:03 p.m. New York time, quadruple the four-week average and 3.6 times the number of puts to sell. The shares soared 7.2 percent to 7.82 euros.

BMW AG (BMW GY): The BMW Group in the U.S. reported sales of 22,883 vehicles in November, an increase of 27.1 percent from the same month of 2009. The company released its results on its website. Shares of the world’s biggest maker of luxury cars jumped 5.1 percent to 60.90 euros.

France Telecom SA (FTE FP): The company’s Orange unit will increase the rate it charges for offers including telephone, Internet and television by as much as 3 euros a month starting Feb. 1, according to spokesman Louis-Michel Aymard. The shares rose 1.1 percent to 15.77 euros.

GDF Suez (GSZ FP): The gas company’s Chief Executive Officer Gerard Mestrallet expects current cold weather in Europe to boost gas use in France by 35 percent, according to Les Echos, citing an interview with Radio Classique. He said there are currently no supply problems, the newspaper said. The shares increased 0.4 percent to 25.65 euros.

GlaxoSmithKline Plc (GSK LN): The U.K.’s biggest drugmaker may be near a deal to acquire China’s Meirui Pharma Co., the Wall Street Journal reported, citing people familiar with the matter. The shares advanced 1.6 percent to 1,231 pence.

Iberdrola Renovables SA (IBR SM): The world’s biggest producer of wind energy started work on the first phase of its 7.2-gigawatt wind farm in waters off the Suffolk coast of the U.K. ScottishPower Renewables Ltd., the U.K. unit of Iberdrola Renovables, also reached an agreement to connect the East Anglia Array project to the electric grid on shore, the company said in a statement. The shares increased 1.3 percent to 2.29 euros.

Neopost SA (NEO FP): The manufacturer of mailing and shipping equipment said third-quarter sales rose 8.6 percent to 233.7 million euros. The company expects 2010 sales to growth between 1 percent and 2 percent at constant exchange rates, and announced an interim dividend of 1.65 euros a share. The stock fell 0.6 percent to 67.51 euros.

Rhodia SA (RHA FP): The chemical maker’s Chief Executive Officer Jean-Pierre Clamadieu said a payout ratio of 20 percent for this year’s dividend is “probably a good reference.” The shares jumped 7 percent to 21.76 euros.

Sanofi-Aventis SA (SAN FP): Sanofi-Aventis SA’s $69-a-share offer for Genzyme Corp. is a “very good price,” Sanofi Chief Financial Officer Jerome Contamine said as he was leaving a conference in London. He declined to say whether Sanofi will extend the offer, which expires Dec. 10. The stock rose 2.6 percent to 47.80 euros.

Siemens AG (SIE GY): Chief Executive Officer Peter Loescher will earn about 10 million euros ($13 million) this year, making him one of the highest paid CEOs among German companies, Handelsblatt reported, without saying where it got the information. Shares of Europe’s largest engineering company gained 4.5 percent to 88.09 euros.

To contact the reporter on this story: Tara Lachapelle in New York at tlachapelle@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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