Ahold, Barclays, Carrefour, EDF, Safran, VastNed: European Equity Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 1.3 percent to 284.12. The Stoxx 50 Index advanced 1 percent to 2,694.93. The Euro Stoxx 50 Index, a benchmark for nations using the euro, climbed 1.2 percent to 2,985.02.
Aeroports de Paris (ADP FP): The operator of the French capital’s Charles de Gaulle and Orly airports would consider buying Lyon regional airport should the government sell its stake, Chief Executive Officer Pierre Graff said in an interview on LCI television. The shares gained 0.3 percent to 63 euros.
Anheuser-Busch InBev NV (ABI BB): The world’s largest brewer may seek acquisitions to keep pace with market growth, Chief Executive Officer Carlos Brito told Welt am Sonntag. Even as the company focuses on revenue growth on its own, it won’t rule out purchasing rivals, including in Germany, where it plans to increase its market share “significantly,” Brito told the newspaper. Anheuser-Busch InBev rose 2 cents, or less than 0.1 percent, to 40.02 euros.
Banco Bilbao Vizcaya Argentaria SA (BBVA SM): Spain’s second-largest bank reduced its stake in Repsol YPF SA (REP SM) to 2.1 percent from 3.02 percent, according to regulatory filings. BBVA shares added 21 cents, or 2.4 percent, to 8.97 euros. Repsol rose 28 cents, or 1.2 percent, to 24.16 euros.
Barclays Plc (BARC LN): The London-based lender’s investors plan to vote against the bank’s pay report because of low dividends, the Sunday Express reported, citing a councillor for the London district of Croydon, whose pension fund owns Barclays shares. The shares rose 0.3 percent to 313.3 pence.
Carrefour SA (CA FP): The board of the world’s second- largest retailer will review the valuation of its Dia discount supermarket chain and its Carrefour Property real-estate unit for a possible public listing, Journal du Dimanche said. The shares climbed 2.6 percent to 35.54 euros.
Daimler AG (DAI GY): Daimler and Renault SA plan to cooperate on electric car production, Stuttgarter Zeitung reported. Renault will deliver electric engines for the Smart and Twingo models, while Daimler develops the batteries, Daimler management board member Thomas Weber told the paper. The shares rose 58 cents, or 1.2 percent, to 51.07 euros.
Deutsche Bank AG (DBK GY): Several Deutsche Bank executives are against the possibility of Bundesbank President Axel Weber’s succeeding Chief Executive Officer Josef Ackermann, Die Welt am Sonntag reported, citing management and supervisory board members. The shares rose 77 cents, or 1.7 percent, to 46.59 euros.
Electricite de France SA (EDF FP): The biggest operator of nuclear reactors may agree with A2A SpA (A2A IM) to take full control of Edison SpA (EDN IM) in exchange for power assets, Corriere della Sera said, without saying where it got the information. EDF shares rose 0.7 percent to 31.83 euros. Edison shares rose 1.5 percent to 87.25 cents. A2A rose 1.2 percent to 1.14 euros.
Fiat SpA (F IM): The Italian carmaker submitted a plan to the Russian government to build as many as 300,000 cars a year in the country. The shares advanced 1.3 percent to 6.78 euros.
Feintool International Holding AG (FTON SW): Geocent AG will not sell its 9 percent holding in Feintool, the Swiss supplier of metal cutting equipment, to Michael Pieper, at a price of 350 francs per share, NZZ am Sonntag said, citing Geocet Chief Executive Officer Heinz Winzenried. Feintool shares added 0.1 percent to 350.50 francs.
Lloyds Banking Group Plc (LLOY LN): The U.K’s biggest mortgage lender was downgraded to “hold” from “buy” at Standard & Poor’s. The shares fell 4.5 percent to 62.85 pence.
L’Oreal SA (OR FP): The world’s largest cosmetics maker’s Galderma Pharma SA, co-owned with Nestle SA, made an unconditional offer to acquire all Restylane wrinkle-smoother maker Q-Med AB’s shares. The stock rose 1.6 percent to 84.40 euros.
Pearson Plc (PSON LN): The publisher of the Financial Times is scheduled to report full-year earnings. The company may report net income of 539 million pounds according to the average of 7 estimates compiled by Bloomberg. The stock rose 2.8 percent to 1,041 pence.
Royal Ahold NV (AH NA): The grocery-store owner’s Albert Heijn unit’s market share in the Netherlands rose to 33.6 percent in 2010 from 32.8 percent a year earlier, Het Parool reported citing market-research company Nielsen Holdings NV. Ahold shares rose 2 cents, or 0.2 percent, to 9.76 euros.
Royal Bank of Scotland Group Plc (RBS LN): Britain’s biggest government-owned lender is buying skincare-products maker Erno Laszlo from U.S. buyout firm Fox Paine & Co. LLC for as much as 30 million pounds ($48.4 million), the London-based Times reported. The shares rose 0.1 percent to 45.65 pence.
Safran SA (SAF FP): Europe’s second-largest maker of aircraft engines is willing to adapt to avoid overlaps with rival Thales SA (HO FP) in defense activities, Chief Executive Officer Jean-Paul Herteman told Investir newspaper. The shares were unchanged at 25.11 euros.
UniCredit SpA (UCG IM): Italy’s biggest bank is still in talks with possible partners, including Intesa Sanpaolo SpA’s (ISP IM) Eurizon Capital SGR, for a combination with its unit Pioneer Global Asset Management, Chairman Dieter Rampl told reporters in Verona.
Separately, Chief Executive Officer Federico Ghizzoni said the bank’s capital is adequate for Basel III rules. Unicredit gained 1.9 percent to 1.87 euros.
VastNed Retail NV (VASTN NA): The Dutch owner of shopping centers in the Netherlands, Spain, France and Belgium, and VastNed Offices/Industrial NV (VNOI NA) plan to end their joint management agreement as of 2012. VastNed Retail added 24 cents, or 0.5 percent, to 50.16 euros and VastNed Offices/Industrial declined 14 cents, or 1.2 percent, to 11.56 euros.
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