Air France, Kingfisher, Ryanair, Siemens: 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 fell 0.9 percent to 278.48. The Stoxx 50 Index decreased 1 percent to 2,617.65. The Euro Stoxx 50 Index, a benchmark for nations using the euro, retreated 1.7 percent to 2,760.88.

Air France-KLM Group (AF FP): Europe’s biggest carrier said Saudi Arabia’s state-owned Saudi Arabian Airlines signed an agreement to join the SkyTeam alliance in 2012. Air France shares fell 2.5 percent to 14.63 euros.

Alliance SE (ALV GY): Allianz Specialised Investments bought an 11.2-megawatt solar park in northwestern Italy from German developer IBC Solar AG, its third solar acquisition. The shares fell 79 cents, or 0.9 percent, to 90.94 euros.

Beiersdorf AG (BEI GY): The maker of Nivea skin creams will release preliminary full-year earnings. The shares fell 41 cents, or 1 percent, to 41.66 euros.

De La Rue Plc (DLAR LN): Francois-Charles Oberthur Fiduciaire SA urged De La Rue Plc shareholders to demand clarity from the company’s directors on the company’s prospects. De La Rue’s board hasn’t responded to Oberthur’s request for information, Oberthur said in a statement. De La Rue’s standalone prospects are “uncertain” while Oberthur’s takeover bid for the company offers “compelling value,” Oberthur said. The shares dropped 0.8 percent to 828 pence.

Devoteam SA (DVT FP): The network-services company was downgraded to “add” from “buy” at Oddo & Cie. The stock fell 2.3 percent to 18.80 euros.

Duro Felguera SA (MDF SM): The designer and builder of power plants said it won a refinery contract in Belarus valued at 128 million euros ($166 million). The shares declined 3.5 percent to 4.98 euros.

Jeronimo Martins SGPS SA (JMT PL): Portugal’s biggest retailer is scheduled to report preliminary sales figures for 2010 after the close of trading on Jan. 11. The stock fell 1.9 percent to 11.30 euros.

Kingfisher Plc (KGF LN): The home-improvement retailer’s Chief Executive Officer Ian Cheshire told CNBC he sees a “difficult” first half of 2011 across Europe with a “better” economy in the second half. The shares retreated 0.5 percent to 262.2 pence.

MAN SE (MAN GY): Fiat Industrial SpA may want to buy truck makers MAN and Scania AB, John Elkann, the chairman of Fiat SpA, told reporters today in Detroit. The shares fell 1.29 euros, or 1.4 percent, to 88.20.

Ryanair Holdings Plc (RYA ID): Europe’s largest discount airline sued to end the U.K. Office of Fair Trading’s review of the airline’s purchase of a stake in its Irish competitor Aer Lingus Group Plc. The stock fell 2 percent to 3.90 euros.

Siemens AG (SIE GY): Europe’s largest engineering company said first-quarter profit rose as the company exported more health-care, industrial and energy equipment. The shares fell 92 cents, or 1 percent, to 88.80 euros.

Smith & Nephew Plc (SN/ LN): Chief Executive Officer David Illingworth said he “won’t comment” on reports the London- based maker of hip and knee replacements rejected a $10.9 billion takeover offer from Johnson & Johnson. The shares jumped 9.5 percent to 712 pence.

To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloombergn.net.

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

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