Antofagasta, AZ, Hermes, Iberdrola, Scor, Telenet: European Equity Preview

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

The Stoxx Europe 600 Index dropped 0.4 percent to 280.72. The Stoxx 50 Index fell 0.7 percent to 2,644.22. The Euro Stoxx 50 Index, a benchmark for nations using the euro, declined 0.6 percent to 2,931.42.

Antofagasta Plc (ANTO) : The copper producer controlled by Chile’s Luksic family may report full-year net income of $1.2 billion, according to the average of 12 estimates compiled by Bloomberg. The shares dropped 1.2 percent to 1,420 pence.

Ashtead Group Plc (AHT) : The third-largest U.S. and U.K. construction equipment-rental company is due to report third- quarter earnings. The company may report a loss of 2.6 million pounds, according to the average of two analyst estimates. The stock advanced 2.3 percent to 186.5 pence.

AZ Electronic Materials (AZEM LN): The chemicals maker partly owned by Carlyle Group may report full-year net income of 46.8 million pounds, according to the average of three estimates compiled by Bloomberg. The shares declined 1.6 percent to 305 pence.

Cie. Nationale a Portefeuille SA (NAT BB): Albert Frere’s main publicly traded investment firm said 2010 cash earnings before gains on disposals and impairments rose 6 percent to 1.73 euros a share and will postpone its dividend payment because of Fingen SA’s pending offer to buy out minority investors. Nationale a Portefeuille advanced 0.2 percent to 48.22 euros.

Hermes International (RMS) SCA: The French luxury goods company said Jerome Guerrand resigned as head of the supervisory board and Eric de Seynes, another member of the founding family, will replace him. The shares rose 1.3 percent to 153.90 euros.

Iberdrola Renovables SA (IBR) : The biggest producer of clean energy will miss its target for 2012 generating capacity by more than 1.2 gigawatts, a company spokesman said. The shares climbed 2 percent to 2.71 euros.

Inchcape Plc (INCH) : The global operator of car dealerships may report full-year net income of 130 million pounds, according to the average of three estimates compiled by Bloomberg. The stock retreated 1.2 percent to 391.5 pence.

Lagardere SCA (MMB) : The price range for France’s largest publisher’s initial public offering of Canal Plus France may be announced on March 23, according to a term sheet obtained by Bloomberg News. The shares rose 0.4 percent to 33.08 euros.

Scor (SCR FP): The reinsurer is said to be in talks to buy Aegon’s Transamerica unit. The shares fell 1.1 percent to 21.06 euros.

Telenet Group Holding NV (TNET) : Liberty Global Inc.’s Dutch unit Binan Investments BV spent 4.76 million euros buying an additional 147,000 of the Belgian cable operator’s shares, according to regulatory filings. Binan acquired the shares in trades on Euronext Brussels from March 1 through March 3. Telenet retreated 1.1 percent to 31.96 euros.

Weir Group Plc (WEIR) : The Glasgow-based engineering company may report full-year net income of 188.6 million pounds according to the average of five estimates compiled by Bloomberg. The stock declined 0.6 percent to 1,779 pence.

To contact the reporter on this story: Cecile Vannucci in New York at cvannucci1@bloomberg.net

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

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