BMW, Infineon, LDC, Porsche, Total: 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 rose 0.9 percent to 280.38. The Stoxx 50 Index increased 1.1 percent to 2,632.09. The Euro Stoxx 50 Index, a benchmark for nations using the euro, climbed 0.2 percent to 2,844.17.
Bayerische Motoren Werke AG (BMW GY): The BMW Group in the U.S. reported sales of 27,600 vehicles in December, a increase of 16.9 percent from the same month of 2009. The stock dropped 1.2 percent to 60.74 euros.
Daimler AG (DAI GY): The carmaker’s Mercedes-Benz unit reported December U.S. sales were up 0.3 percent from a year earlier. The U.S. vehicle sales for the years of 2010 rose 18 percent. The shares rose 0.6 percent to 51.99 euros.
De La Rue Plc (DLAR LN): The world’s biggest printer of banknotes said that, excluding paper production issues with a customer, it continues to “enjoy encouraging order levels which are at comparable levels to the equivalent period last year.” The shares climbed 2.2 percent to 837.5 pence.
Deutsche Bank AG (DBK GY): Germany’s biggest bank and UBS AG are teaming up to issue as much as $2.5 billion in commercial mortgage-backed securities in what would be the largest offering of its kind since the market froze in June 2008, according to a person familiar with the deal.
Separately, the lender sold $1 billion of five-year notes, according to data compiled by Bloomberg.
Deutsche Bank shares rose 2.5 percent to 40.50 euros.
Infineon Technologies AG (IFX GY): Europe’s second largest semiconductor maker said it settled its civil dispute with former Chief Executive Officer Ulrich Schumacher, granting him annual pension payments of 560,000 euros ($744,744) starting in 2018. The stock fell 2.7 percent to 7.02 euros.
LDC SA (LOUP FP): Europe’s largest publicly traded poultry processor said fiscal third-quarter sales rose 31 percent to 626.7 million euros, boosted by acquisitions. Sales climbed 3.4 percent on a comparable basis. LDC said it’s “confident” it can meet its full-year target. The shares rose 0.2 percent to 75.15 euros.
Porsche SE (PAH3 GY): Porsche Cars North America Inc., importer and distributor of Porsche sports cars and Cayenne SUVs, said that U.S. sales for December totaled 2,567, an increase of 21 percent from December 2009. The shares dropped 0.1 percent to 68.42 euros.
Punch International NV (PUN BB): Chief Executive Officer Wim Deblauwe holds a 3.1 percent direct stake in the majority owner of Punch Graphix NV (PGX NA) after dissolving WP Invest NV, his joint holding company with Paskal Debusschere, according to a regulatory filing. Punch International was unchanged at 2.90 euros.
SeLoger.com (SLG FP): The property listing website operator, which received a bid from Germany’s Axel Springer AG, said its supervisory board called an investor meeting on Jan. 20. The board will propose a limitation of voting rights, with a cap of 15 percent of total rights, the company said in a statement. The shares fell 1.4 percent to 34.82 euros.
SNS Reaal NV (SR NA): The Dutch bank and insurer expects a “huge” negative impact from its property-finance unit on 2010 results, Chief Executive Officer Ronald Latenstein said. SNS Reaal increased 0.5 percent to 3.30 euros.
Total SA (FP FP): Europe’s largest refiner said a fire- damaged crude-distillation unit at its Lindsey plant in northeast England remains shut. Maintenance works are under way, a U.K.-based Total official said today. The shares rose 1.3 percent to 41.13 euros.
Trigano SA (TRI FP): The maker of trailers and caravans said fiscal first-quarter sales rose 8.7 percent to 185.9 million euros and it expects “an improvement in the results in 2011.” The shares rose 0.7 percent to 24.95 euros.
Volkswagen AG (VOW GY): The carmaker reported U.S. sales of 23,867 vehicles in December, up 17 percent from the same month in 2009. Audi AG, its luxury brand, sold more than 100,000 cars and sport-utility vehicles in the U.S. last year for the first time, the company said. The stock gained 1.7 percent to 114.25 euros.
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