Breaking News

Tweet TWEET

Aperam, Louis Vuitton, Nyrstar, SAP: 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 fell 0.4 percent to 270.08. The Stoxx 50 Index declined 0.2 percent to 2,550.66. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, dropped 0.1 percent to 2,739.65.

Aperam (APAM NA): The stainless-steel maker spun off by ArcelorMittal said second-quarter net income fell to $2 million from $66 million a year earlier and forecast earnings will reach a trough in the current quarter. Aperam decreased 2.4 percent to 20.16 euros.

GlaxoSmithKline Plc (GSK) : The pharmaceutical company’s Chief Executive Officer Andrew Witty said valuations on acquisitions have “gone a little nuts” and that he would rather give money back to shareholders than spend too much on buying companies. The stock gained 0.7 percent to 1,373 pence.

Icade (ICAD) : The commercial property arm of France’s Caisse des Depots et Consignations said profit excluding certain items rose 23 percent in the first half on higher sales at its homebuilding unit. The shares slipped 0.2 percent to 83.32 euros.

LVMH Moet Hennessy Louis Vuitton SA (MC) : The world’s largest maker of luxury goods reported first-half profit that beat analysts’ estimates and said it will pay an interim dividend of 80 cents a share on Dec. 2. Net income climbed 25 percent to 1.31 billion euros. The average estimate of five analysts compiled by Bloomberg was for profit of 1.25 billion euros. The shares slipped 0.4 percent to 130 euros.

M6-Metropole Television SA (MMT) : France’s second- largest commercial television company said first-half profit climbed 8.4 percent to 91.5 million euros. The shares climbed 0.8 percent to 15.75 euros.

Nyrstar (NYR) NV: The world’s biggest producer of refined zinc may say first-half profit excluding some items of 30 cents a share, according to the average of four analyst estimates compiled by Bloomberg. The shares were unchanged at 9.76 euros.

Royal Bank of Scotland Group Plc (RBS) : The U.K.’s biggest government-owned lender hired David Havens as a credit analyst from Nomura Holdings Inc. as the bank boosts its corporate-debt effort, according to two people familiar with the matter. The stock declined 0.3 percent to 36.17 pence.

Ryanair Holdings Plc (RYA) : Europe’s largest discount carrier said Chief Executive Officer Michael O’Leary’s pay rose to 1.04 million euros ($1.51 million) last year as his bonus doubled. The shares fell 1.5 percent to 3.35 euros.

SAP AG (SAP) : The largest maker of business-management software said second-quarter net income rose 20 percent to 588 million euros ($853.6 million). The shares rose 3.6 percent to 43.49 euros.

Societe Television Francaise 1 (TFI) : The owner of France’s most-watched TV channel is in talks with telephone companies to offer its pay channels including all-news LCI for free, Le Figaro reported, citing Chief Executive Officer Nonce Paolini. The shares rose 7.5 percent to 13.68 euros.

To contact the reporter on this story: Victoria Taylor in New York at vtaylor6@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.