Ablynx, Befimmo, Fergo Aisa, Royal KPN: Europe Equity Preview
Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 0.7 percent to 277.37. The Stoxx 50 Index gained 0.9 percent to 2,602.67. The Euro Stoxx 50 Index, a benchmark for nations using the euro, climbed 0.6 percent to 2,816.84.
Ablynx NV (ABLX) : The Belgian developer of drugs based on antibodies found in llamas said it will advance the experimental ALX-0141 treatment into a mid-stage clinical study by the end of this year. Ablynx will present the findings at a rheumatology congress in London on May 27. The shares increased 0.7 percent to 8.46 euros.
Befimmo SCA (BEFB BB): Belgium’s second-biggest real-estate investment fund is scheduled to report earnings for the six months that ended March 31 after the close of trading. Befimmo slipped 0.1 percent to 63.87 euros.
Docks des Petroles d’Ambes (DPAM) : The oil-product handling and storage company said first-quarter sales fell 6.5 percent to 4.2 million euros ($5.9 million) as high prices reduced consumer demand. The shares last traded May 9 at 93.80 euros.
Fergo Aisa SA (AISA) : The real estate company said in a filing it hoped to reach an accord soon on a debt dispute with CatalunyaCaixa, a bank. In the meantime, the company said it couldn’t publish annual accounts because of the dispute. Trading in the company’s shares was suspended by Spain’s market regulator. The shares fell 3 percent to 16 cents.
Groupe Crit (CEN) : The temporary employment and contracting company said its Euro Handling unit signed a multiyear agreement to provide airport services to Czech Airlines, and renewed a service contract with Air Malta. The shares were unchanged at 22.50 euros.
LDC (LOUP) SA: The poultry processor partly owned by the Lambert family said net income in the fiscal year ended Feb. 28 fell 24 percent to 47.8 million euros as rising grain prices weighed on profit. Sales climbed 24 percent to 2.55 billion euros. The shares fell 0.3 percent to 73.50 euros.
Royal KPN NV (KPN NA): Dutch law would prevent telephone companies from charging clients extra for the use of applications that allow voice calls over the Internet or Web- based messaging applications, under proposals being prepared by Minister of Economic Affairs Maxime Verhagen. KPN shares increased 0.3 percent to 10.22 euros.
To contact the editor responsible for this story: Nick Baker at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.