The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index declined 0.2 percent to 271.80. The Stoxx 50 Index slumped 0.1 percent to 2,551.66. The Euro Stoxx 50 Index, a benchmark for nations using the euro, dropped 0.2 percent to 2,854.79.
Fiat SpA (F) : Italian Labor Minister Maurizio Sacconi said the status of negotiations between Italy’s biggest carmaker and labor unions on an investment plan for a plant in Grugliasco near the city of Turin is “worrisome.” Fiat lost 1.1 percent to 6.03 euros.
Latecoere SA (LAT FP): The Toulouse-based maker of cabling and aero-structures for companies including Airbus SAS and Boeing Co. said 2010 profit fell to 29.9 million euros from 91.2 million euros a year earlier. The stock rose 8.5 percent to 9.69 euros.
Macintosh Retail Group NV (MACIN) : The clothing, home furnishings, automobile supplies and telecommunications equipment retailer agreed to sell its BelCompany stores to Vodafone Group Plc for 120 million euros. The shares slipped less than 0.1 percent to 18.90 euros.
Mediaset SpA (MS) : The broadcaster controlled by Italian Prime Minister Silvio Berlusconi said 2010 profit rose 29 percent on higher advertising sales in Italy and Spain. Mediaset also increased its dividend to 35 euro cents from 22 euro cents and forecast an increase in net income this year. Shares fell 0.3 percent to 4.50 euros.
Munich Re (MUV2 Gy): The world’s biggest reinsurer dropped its 2011 profit target after estimating the company’s claims from the earthquake and tsunami in Japan will reach about 1.5 billion euros ($2.1 billion). The stock fell 0.1 percent to 110 euros.
To contact the reporters on this story: Jennifer A. Johnson in New York at Jjohnson156@bloomberg.net
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