Iberdrola Renovables, Kaufman & Broad: European Equity Market Preview

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

The Stoxx Europe 600 Index rose 0.7 percent to 278.25. The Stoxx 50 Index gained 0.6 percent to 2,615.84. The Euro Stoxx 50 Index, a benchmark for nations using the euro, climbed 0.6 percent to 2,949.98.

Iberdrola Renovables SA (IBR) : The world’s largest wind- energy producer said it would propose an extraordinary gross dividend of 1.20 euros a share. The shares rose less than 0.1 percent to 3.09 euros.

Kaufman & Broad SA (KOF) : The French real-estate developer said it expects sales to rise by about 10 percent in 2011 and net income to more than double. It said sales rose 19 percent in the first quarter to 232.9 million euros, and net income rose to 7.3 million euros from 1.4 million euros a year earlier. The shares retreated 0.2 percent to 24.50 euros.

To contact the reporter on this story: Jeff Kearns in New York at jkearns3@bloomberg.net.

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

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