Alstom, Barclays, Gifi, Orpea, Rexel: 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 0.3 percent to 276.99. The Stoxx 50 Index gained 0.2 percent to 2,615.47. The Euro Stoxx 50 Index, a benchmark for nations using the euro, advanced 0.6 percent to 2,855.37.

Allied Irish Banks Plc (ALBK ID): The Dublin-based lender which is being bailed out by the government decided not to pay bonuses to certain employees following a letter it received from Finance Minister Brian Lenihan. The shares surged 4.8 percent to 0.46 euros.

Alstom SA (ALO FP): The French government said it will invest more than 300 million euros to modernize trains. The high-speed train maker’s shares rose 0.9 percent to 35.73 euros.

Assystem (ASY FP): The research and development services provider announced a nuclear-engineering joint venture with Atkins. The shares rose 1.1 percent to 13.36 euros.

Banco Espirito Santo SA (BES PL): The Portuguese bank’s Esaf unit plans to attract 50 million euros ($67 million) in the first half of 2011 with its first exchange-traded fund, Pedro Arbues, Esaf’s director of equity investment, said today in Lisbon. The fund will track the NYSE Euronext Iberian Index, which includes the 20 most liquid Spanish companies traded on the IBEX-35 and the 10 most liquid Portuguese companies traded on the PSI-20. The shares advanced 0.9 percent to 3.06 euros.

Barclays Plc (BARC LN): Britain’s third-biggest bank said Chief Executive Officer-designate Robert Diamond bought about 1 million pounds ($1.6 million) of the bank’s shares last week, according to company filings. The shares rose 0.4 percent to 273.3 pence.

Clinica Baviera SA (CBAV SM): Spain’s largest private operator of eye clinics said it will pay a 2010 gross interim dividend of 12 euro cents per share on Dec. 16. The shares climbed 2.9 percent to 7.20 euros.

Gamesa Corporacion Tecnologica SA (GAM SM): Egerton Capital Ltd. reduced its short stake in Spain’s Gamesa to 0.81 percent of the shares from 1.2 percent, according to a filing to by the investment firm. Gamesa, Spain’s largest wind-turbine maker, gained 8 percent in the stock market since Nov. 30, when Egerton disclosed its previous bet against Gamesa’s stock price. The shares rose 3.9 percent to 5.60 euros.

Gifi (IGF FP): The discount retail chain said full-year net income rose to 39.5 million euros from 26.4 million euros. The shares fell 1.7 percent to 59.29 euros.

Orpea (ORP FP): The nursing-home operator said it raised 180 million euros from a convertible-bond issue. The shares rose 0.3 percent to 35.04 euros.

ProSiebenSat.1 Media AG (PSM GY): Germany’s biggest private broadcaster may be sold by Kohlberg Kravis Roberts & Co. and Permira LLP in 2011, the Die Welt newspaper reported, citing unidentified people in the financial markets. The shares fell 0.2 percent to 23 euros.

Rexel SA (RXL FP): The electrical-equipment distributor’s long-term credit rating was raised to BB- from B+ by Standard & Poor’s. The shares rose 0.7 percent to 16.11 euros.

SOS Corporacion Alimentaria SA (SOS SM): The Spanish food company said its planned 200-million-euro rights offering was fully covered. As a result of its restructuring plans, SOS will reduce its debt “substantially” and will increase its own funds from 350 million euros to more than 1 billion euros. Madrid-based SOS said it also aims to boost its presence in such emerging countries as Brazil and China. The shares soared 9.7 percent to 79.5 euro cents.

Vedanta Resources Plc (VED LN): The metals producer controlled by Indian billionaire Anil Agarwal said shareholders approved the proposed $9.6 billion acquisition of as much as 60 percent of Cairn India Ltd. The shares rose 2.8 percent to 2,338 pence.

To contact the reporter on this story: Matt Walcoff in Toronto at Mwalcoff1@bloomberg.net.

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

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