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 slid 0.4 percent to 276.53. The Stoxx 50 Index dropped 0.5 percent to 2,613.69. The Euro Stoxx 50 Index, a benchmark for nations using the euro, declined 0.7 percent to 2,841.99.
Air France-KLM Group (AF FP): The airline plans to appeal the damages payment awarded by a French court against Continental Airlines Inc. over the Concorde crash outside Paris 10 years ago, Le Figaro reported, citing an unidentified person close to the matter. The shares fell 2.7 percent to 14 euros.
BP Plc (BP/ LN): The U.S. sued units of BP Plc and four other companies, saying they violated environmental laws in the largest offshore oil spill in the country’s history. The shares rose 0.7 percent to 476.55 pence.
Brisa-Auto Estradas de Portugal SA (BRI PL): Portugal’s biggest toll-road company said it completed the sale of its 16.35 percent stake in Brazil’s Companhia de Concessoes Rodoviarias, raising a total of 1.3 billion euros ($1.72 billion). The stock rose 1 percent to 5.40 euros.
Eramet (ERA FP): Areva SA said it has renewed its shareholders pact with Sorame-Ceir regarding the mining company for a further six months starting Jan. 1. The shares fell 0.2 percent to 257.25 euros.
Euler Hermes (ELE FP): The credit insurer owned by Germany’s Allianz SE expects corporate insolvencies to decline 5 percent in 2011 after a 4 percent fall in 2010. The shares rose 4.6 percent to 70.65 euros.
LVL Medical Groupe SA (LVL FP): The medical equipment company said full-year net income rose to 11.5 million euros from 9.95 million euros. The shares slipped 0.1 percent to 15.95 euros.
Groupe Partouche SA (PARP FP): The gaming company’s full- year revenue rose to 478.1 million euros from 453 million euros. The shares rose 0.5 percent to 1.94 euros.
PPR SA (PP FP): The luxury goods company is studying U.S. luggage group Tumi as a potential acquisition to expand its luxury goods business, French weekly magazine Challenges reported, without saying where it got the information. The shares slid 0.9 percent to 126 euros.
Red Electrica de Espana SA (REE SM): The debt of Spain’s power-grid operator was downgraded to A from A+ by Fitch Ratings after it acquired 1.4 billion euros of transmission lines from Endesa SA. The shares lost 0.5 percent to 35.90 euros.
Stallergenes (GENP FP): The pharmaceutical company said Ares Life Sciences’ 59 euros a share offer is in the interests of the company, its shareholders and employees. The directors said that the price “may not fully reflect the long-term growth potential of the Stallergenes share” and decided not to tender the company’s treasury shares to the offer. The shares fell 0.1 percent to 59.91 euros.
UCB SA (UCB BB): Belgium’s biggest drugmaker said Schwarz Vermoegensverwaltung GmbH, the Schwarz-Schuette family’s holding company, reduced its stake in UCB to 4.96 percent of voting rights as of Dec. 9 from 5.39 percent earlier. UCB decreased 0.1 percent to 26.03 euros.
Zodiac Aerospace (ZC FP): Europe’s biggest maker of aircraft seats said first-quarter revenue rose to 643.6 million euros from 471.5 million euros a year earlier. The shares rose 0.3 percent to 53.64 euros.
To contact the reporter on this story: Lu Wang in New York at email@example.com
To contact the editor responsible for this story: Nick Baker at firstname.lastname@example.org.