Adidas, Areva, CaixaBank, Popular, Solarhybrid: European 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 1 percent to 270.48. The Stoxx 50 Index gained 1.1 percent to 2,553.33. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, increased 2.1 percent to 2,763.34.
Adidas AG (ADS) : The sportswear maker will have “high single-digit” revenue growth in 2011, Chief Executive Officer Herbert Hainer said, rejecting “rumors” of a slowdown in second-quarter sales. Adidas fell 0.7 percent to 53.12 euros.
Areva SA (AREVA FP): The power station builder may be behind schedule in building its Finnish nuclear power plant, Greenpeace said, citing Finland’s nuclear authority. The shares rose 1.3 percent to 24.22 euros.
Banco Popular Espanol SA (POP) : The Spanish lender may say its second-quarter profit was 106.1 million euros ($152.5 million) excluding some items, according to the average estimate of 10 analysts surveyed by Bloomberg. The stock rose 7.7 percent to 3.74 euros.
CaixaBank SA (CABK SM): The lender created from there structuring of the La Caixa savings bank group is scheduled to release its second-quarter earnings. The shares rose 1.5 percent to 4.22 euros.
Iliad SA (ILD) : The telephone services company said it completed an accord with France Telecom SA to co-finance fiber- optic networks in France. The deal will cover about five million homes. The shares climbed 1.6 percent to 90.13 euros.
Pierre & Vacances (VAC) SA: The vacation apartments company said third-quarter revenue rose 11 percent to 319 million euros. The company said it sees “significant” growth in sales in the fiscal year ending September. The shares were unchanged at 58.02 euros.
Roth & Rau AG (R8R) (R8R GY): The photovoltaic manufacturer withdrew its annual forecast for 2011 and lowered its expectations for the second half because of the “deterioration in the overall industry climate,” the company said in a statement today. Shares rose 4.4 percent to 22.44 euros.
Solarhybrid AG (SHL) : The photovoltaic maker won its biggest order to build a photovoltaic plant in the country and confirmed its forecast for 2011. Shares fell 5.3 percent to 6.50 euros.
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