BP, Falck, Largardere, Nexans, Roche May Move: Europe Stock Market 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 0.1 percent to 283.77. The Stoxx 50 Index decreased 0.2 percent to 2,679.88. The Euro Stoxx 50 Index, a benchmark for nations using the euro, rose 0.2 percent to 2,920.4.
Actividades de Construccion & Servicios SA (ACS SM): The Spanish construction company and Austria’s Austro Control will jointly bid for contracts to operate control towers at airports in Spain, Expansion said, citing unidentified people familiar with the situation. ACS shares climbed 1 percent to 34.81 euros.
Allied Irish Banks Plc (ALBK ID): Banco Santander SA may buy parts of Allied Irish Banks Plc’s U.K. unit, the Sunday Times said, without citing anyone. Danske Bank A/S may also be interested in buying the company’s Northern Irish business, the newspaper said. The stock fell 0.3 percent to 0.301 euros.
BAE Systems Plc (BA/ LN): Three aerospace groups including BAE Systems Plc will compete for a 600 million-pound ($952 million) Anglo-French contract to design and build an unmanned attack aircraft, the Sunday Times reported, citing unidentified people in the defense industry. The shares rose 1.20 percent to 346.7 pence.
Banco Sabadell SA (SAB SM): The Spanish lender may consider a merger with CatalunyaCaixa, a group of domestic savings banks, if the state’s rescue fund commits to covering losses the bank may incur as a result of the combination, El Economista said, citing unidentified finance industry sources. The shares added 1.2 percent to 3.29 euros.
BASF SE (BAS GY): A barge carrying sulfuric acid for the world’s biggest chemical company that capsized close to St. Goarshausen, Germany, may be leaking “small amounts” of acid into the Rhine River, said Martin Mauermann, head of the Waterways and Shipping Office Bingen. The shares dropped 1.5 percent to 57.57 euros.
BP Plc (BP/ LN): The U.K. energy company agreed a cross shareholding with OAO Rosneft as part of a global strategic alliance with Russia’s state oil producer. Rosneft will hold 5 percent of BP’s ordinary voting shares in exchange for about 9.5 percent of Rosneft’s shares. BP’s shares to be issued to Rosneft are worth about $7.8 billion. Its shares fell 0.8 percent to 499.5 pence.
Credit Suisse Group AG (CSGN VX): Banking services from Switzerland’s second-biggest bank could become more expensive under new capital requirements, Neue Zuercher Zeitung said, citing Vice Chairman Urs Rohner. The shares gained 1.7 percent to 43.21 Swiss francs.
Danske Bank A/S (DANSKE DC): Denmark’s largest lender may be interested in buying Allied Irish Banks Plc’s (ALBK ID) Northern Irish business, the Sunday Times said, without saying where it got the information. The shares rose 2.6 percent to 138.7 kroner.
Falck Renewables SpA (FKR IM): The Italian company that produces wind, solar and biomass energy, entered a 165 million- euro (221 million) loan agreement with a group of banks including Mediobanca SpA and UniCredit SpA. The shares gained 3.7 percent to 2.24 euros.
Fiat SpA (F IM): Workers at the Italian carmaker’s Mirafiori plant approved a 1 billion-euro revamp of the factory in Turin. About 54 percent of employees voted for the investment in exchange for measures to limit strikes and curtail absenteeism, the UILM union said. The shares rose 2.6 percent to 7.99 euros.
Jazztel Plc (JAZ SM): The Spanish phone company may have reached full-year sales of as much as 610 million euros last year, Expansion said, citing Chief Executive Officer Jose Miguel Garcia. The shares added 3.9 percent to 3.76 euros.
Lagardere SCA (MMB FP): The French media company may sell its magazine business to Hearst Corp., the Sunday Times said, without saying how it got the information. The 550 million-pound ($873 million) deal may be announced on Jan. 25 at a Lagardere investor day, the newspaper said. The shares gained 1 percent to 34.66 euros.
Nexans SA (NEX FP): The world’s largest cable maker expects business in 2011 to be a better than last year after it signed a series of large contracts, Investir said, citing Chief Executive Officer Frederic Vincent. Nexans is seeking acquisition targets in Asia and the Middle East, the newspaper cited Vincent as saying. The shares climbed 1.7 percent to 60.26 euros.
Porsche Automobil Holding SE (PAH3 GY): The luxury carmaker may move parts of its production to China, Focus magazine reported, citing Chief Executive Officer Matthias Mueller. The shares increased 3.3 percent to 75.04 euros.
Roche Holding AG (ROG VX): ThyssenKrupp AG’s former Finance Chief Alan Hippe will take up the same position at the Swiss drugmaker, Manager Magazin said, without saying where it got the information. Roche increased 0.7 percent to 137.40 francs.
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