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Areva, Continental, Exmar, Saras, Yoox: Europe Equity Preview

Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index climbed 0.2 percent to 282.88. The Stoxx 50 Index rose 0.1 percent to 2,681.41. The Euro Stoxx 50 Index, a benchmark for nations using the euro, gained 0.7 percent to 2,989.75.

Areva SA (CEI FP): The world’s biggest supplier of nuclear equipment and services had fourth-quarter revenue of 2.94 billion euros, up 7.7 percent from a year earlier. The stock rose 1.2 percent to 35.93 euros.

Babcock International Group Plc (BAB LN): VT Group Plc, a subsidiary of Babcock, today said its VT Milcom unit was awarded a U.S. Navy contract worth as much as $1.3 billion for installation and operational certification of Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance, known as C4ISR, systems by the Space and Naval Warfare Systems Command. The stock declined 0.4 percent to 577 pence.

Banco Espirito Santo SA (BES PL): The Portuguese bank said “it will have a moderate dividend policy, increasing retained earnings.” It commented in a regulatory filing after Chief Executive Officer Ricardo Salgado said the Lisbon-based bank would pursue a “moderate” dividend policy. The shares increased 0.5 percent to 2.76 euros.

Beneteau SA (BEN FP): The yacht maker said it aims to double sales to 1.5 billion euros by 2015 from 779.2 million euros in 2010. The company confirmed its forecast for sales of 920 million euros this year. The stock rose 0.4 percent to 16.40 euros.

Befimmo SCA (BEFB BB): Belgium’s second-biggest real-estate investment fund agreed to buy the Pavilion office complex in the Brussels Leopold district for 55.3 million euros ($75.8 million) in cash and said the purchase will add about 10 cents a share to adjusted earnings annually. Befimmo increased 0.9 percent to 61.29 euros.

BP Plc (BP/ LN): Europe’s second-largest oil company has paid state and local governments more than $1 billion for claims from the Gulf of Mexico oil spill, said Albert Keller, executive vice president for BP America Inc., in prepared testimony for a Senate hearing today. The shares fell 1.1 percent to 486.40 pence.

Continental AG (CON GY): Europe’s second-biggest tiremaker has begun talks with lenders to refinance 5.3 billion euros ($7.3 billion) in loans coming due next year, three people with knowledge of the discussions said. The stock rose 1.2 percent to 59.73 euros.

Criteria Caixacorp SA (CRI SM): La Caixa said Criteria will become a bank, called CaixaBank, which will start operating with core capital estimated at 10.9 percent on a proforma basis. It commented in a regulatory filing. La Caixa, the second-biggest Spanish savings bank and Criteria’s biggest shareholder, also reports fourth-quarter earnings in Barcelona. Criteria shares climbed 3.2 percent to 4.45 euros.

Etam Developpement SA (TAM FP): The women’s clothing designer and retailer said the later start of French sales in January would hurt turnover. Fourth-quarter sales rose 7.7 percent to 308.9 million euros. The stock rose 1.5 percent to 36.95 euros.

Exmar NV (EXM BB): The operator of the world’s largest fleet of midsize gas tankers reported full-year net income dropped to $14.1 million and said its fleet hauling liquefied petroleum gas has 2011 contracts covering 66 percent, 48 percent and 80 percent of the midsize, VLGC and pressurized segments respectively. Exmar climbed 1.9 percent to 5.81 euros.

Grupo Catalana Occidente SA (GCO SM): The Spanish company will pay a third 2010 gross interim dividend of 10 euro cents per share on Feb. 10, it said in a filing to regulators. The shares slid 0.1 percent to 14.79 euros.

H&R Wasag AG (WAS GY): The German specialty chemicals maker’s main shareholder Hansen & Rosenthal may increase its stake in the company, Financial Times Deutschland reported, citing H&R Wasag board member Niels Hansen. The shares rose 1.6 percent to 20.35 euros.

JCDecaux SA (DEC FP): The world’s second-largest seller of outdoor advertising said revenue last year rose 23 percent to 2.35 billion euros. Early bookings for the first quarter are encouraging, the company said. The stock rose 1.6 percent to 22.89 euros.

JK Wohnbau AG (JWB GY): The German company said Quirin Bank has placed the HPI share stake among institutional investors close to the market price. The shares fell 1.7 percent to 8.10 euros.

Saras SpA (SRS IM): Gazprom Neft said it’s not seeking to buy a stake in the owner of the largest oil refinery in the Mediterranean. The oil arm of OAO Gazprom said it is in talks with Saras on possible oil supplies. The shares climbed 8 percent to 1.83 euros.

UniCredit SpA (UCG IM): Italy’s biggest bank is discussing a combination of its Pioneer Global Asset Management unit with Intesa Sanpaolo SpA (ISP IM)’s Eurizon Capital SGR, said two people with knowledge of the talks, who declined to be named because the negotiations are private. UniCredit’s shares gained 2.4 percent to 1.85 euros. Intesa’s shares rose 4.9 percent to 2.45 euros.

Vinci SA (DG FP): The world’s biggest construction company, had fourth-quarter revenue of 9.6 billion euros, up 15 percent from year-earlier levels. Analysts predicted 8.88 billion euros, based on the average estimate compiled by Bloomberg. The stock rose 0.3 percent to 43.13 euros.

Volkswagen AG (VOW3 GY): Europe’s biggest automaker may return the Scirocco coupe to the U.S. and will consider bringing back the Phaeton sedan to the world’s second largest market, the company’s U.S. chief, Jonathan Browning, said in an interview. The stock slipped less than 0.1 percent to 118.05 euros.

Yoox SpA (YOOX IM): Diesel founder Renzo Rosso said he would like to increase his stake in the Italian online retailer. Red Circle SRL, Rosso’s holding company which holds a 6.2 percent Yoox stake, would be interested in buying shares if other investors want to sell, Rosso said in an interview. The shares fell 1 percent to 9.41 euros.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net;

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

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