Betfair, Commerzbank, Excel, Volkswagen: 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 increased 0.5 percent to 265.23. The Stoxx 50 Index gained 0.4 percent to 2,495.93. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, rose 1 percent to 2,750.49.

Antofagasta Plc (ANTO) : The copper producer controlled by Chile’s Luksic family sees “huge demand” for metals as China and other emerging markets invest in infrastructure and urbanization, Chief Executive Officer Jean Paul Luksic said in an interview in London. The shares gained 1.6 percent to 1,303 pence.

Axel Springer AG (SPR) : Europe’s largest publisher of newspapers plans to open its iKiosk digital sales platform to competing publishers in coming months to offer alternatives to Apple Inc.’s iTunes, Handelsblatt reported, citing the company’ director of premium content. The shares dropped 2.2 percent to 32.55 euros.

Betfair Group Plc (BET) : The British Internet gaming site may report full-year net income of 14.5 million pounds ($23.2 million), according to the average of four estimates compiled by Bloomberg. The shares jumped 6.2 percent to 771.5 pence.

Casino Guichard-Perrachon SA (CO) : The supermarket operator asked Cia. Brasileira de Distribuicao Grupo Pao de Acucar’s Chairman Abilio Diniz to immediately call a board meeting to discuss the proposal to merge Pao de Acucar and Carrefour SA’s unit in Brazil. Pao de Acucar disclosed the request from Casino in a regulatory filing. The shares fell 5.6 percent to 62.20 euros.

Commerzbank AG (CBK) : The country’s second-biggest bank aims to gain 1 billion euros ($1.4 billion) in new credit business with smaller companies in the renewable-energy sector this year, Handelsblatt said, citing Markus Beumer, who is responsible for the bank’s business with the so-called Mittelstand, or small to medium-size businesses. The stock rallied 4.6 percent to 2.88 euros.

Excel Industries SA (EXE FP): The maker of spray equipment said third-quarter sales rose to 146.2 million euros from 119.4 million euros and it expects faster growth in the fourth quarter. The shares rose 0.6 percent to 40.55 euros.

Patrizia Immobilien AG (P1Z) (P1Z GY): The property investor said it extended the management board contract of Chief Executive Officer Wolfgang Egger by five years until June 30, 2016, to secure “continuity in the management of the company.” The shares gained 1.4 percent to 5.07 euros.

Stagecoach Group Plc (SGC) : The operator of Britain’s busiest commuter-rail service may report full-year net income of 178.8 million pounds, according to the average of six estimates compiled by Bloomberg. The stock rose 1 percent to 250.2 pence.

Volkswagen AG (VOW) (VOW3 GY): Europe’s largest carmaker and its Chinese joint venture will invest 9.1 billion yuan ($1.4 billion) to build an assembly plant in the eastern province of Jiangsu, Xinhua News Agency said, citing the investment agreement. Volkswagen’s preferred shares jumped 3.8 percent to 141.10 euros.

To contact the reporter on this story: Victoria Stilwell in New York at vstilwell@bloomberg.net

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

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