Assicurazioni, Banco Popular, Dexia: European Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index declined 0.6 percent to 285.38. The Stoxx 50 Index dropped 0.6 percent to 2,706.95. The Euro Stoxx 50 Index, a benchmark for nations using the euro, fell 1 percent to 2,983.33.

Assicurazioni Generali SpA (G IM): Italy’s biggest insurer is holding a board meeting. Luxottica Group SpA founder Leonardo Del Vecchio previously resigned from the board. The stock retreated 2.2 percent to 15.88 euros.

Banco Popular SA (POP SM), Bankinter SA (BKT SM): Standard & Poor’s Ratings Services cut its credit ratings on Banco Popular Espanol SA and gave Bankinter SA a negative outlook as it predicted a “difficult” year for Spanish lenders. Popular shares lost 1.1 percent to 4.37 euros. Bankinter shares gained 0.5 percent to 4.78 euros.

Dexia SA (DEXB BB): Belgium’s largest bank by assets may say after the close of trading that fourth-quarter net income fell 27 percent to 148 million euros, according to the average of eight analyst estimates compiled by Bloomberg. Dexia fell 5.1 percent to 3.20 euros.

Ferrovial SA (FER SM): The Spanish construction company is scheduled to report earnings before the market opens. The shares gained 1.8 percent to 8.70 euros.

Iberdrola SA (IBE SM): Spain’s biggest power company will propose to its next shareholders meeting a 2010 gross dividend of 3 euro cents per share. The Spanish company will also propose a bonus share issue as part of its dividend program. The shares lost 1.4 percent to 6.22 euros.

Iberdrola Renovables SA (IBR SM): The world’s biggest producer of renewable energy is scheduled to report earnings after the market closes. The shares lost 0.2 percent to 2.67 euros.

Royal DSM NV (DSM NA): The world’s largest vitamin maker may report fourth-quarter net income of 172.8 million euros, according to the average estimate of six analysts surveyed by Bloomberg. DSM dropped 0.3 percent to 43.16 euros.

Snam Rete Gas SpA (SRG IM): Italian natural-gas imports from Libya through the Greenstream pipeline fell 19 percent to 20.8 million cubic meters in a 24-hour period, data from the country’s gas-pipeline operator showed. The shares rose 0.3 percent to 3.91 euros.

UniCredit SpA (UCG IM): Italy’s biggest bank plans to take a decision on voting rights by Libyan investors after a “careful review,” according to a statement distributed to reporters. UniCredit hasn’t been able to contact Farhat Omer Bengdara, its vice chairman, who is also head of the Central Bank of Libya, the statement said. Libyan investors hold more than 7 percent of UniCredit. The shares fell 1.8 percent to 1.84 euros.

Wolters Kluwer NV (WKL NA): Europe’s biggest tax and legal publisher may say full-year net income more than doubled to 275.8 million euros, according to the average of 13 analyst estimates compiled by Bloomberg. Wolters Kluwer decreased 0.7 percent to 17.22 euros.

To contact the reporters on this story: Jennifer A. Johnson in New York at Jjohnson156@bloomberg.net

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

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