Belgacom, Dexia, Sacyr, Telefonica: European Equity Preview

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

The Stoxx Europe 600 Index gained 0.6 percent to 216.19. The Stoxx 50 Index rose 1.1 percent to 2,050.12. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, advanced 1.5 percent to 2,026.03.

Air France-KLM (AF) Group: Europe’s largest airline will likely pick Alexandre de Juniac, former finance minister Christine Lagarde’s chief of staff, to succeed Chief Executive Officer Pierre-Henri Gourgeon, defying its pilots’ backing for an internal candidate, two people with knowledge of the matter said. Shares gained 1.7 percent to 5.34 euros.

BAE Systems Plc (BA/) : Europe’s largest defense company said it told staff it’s reviewing operations amid media reports of as many as 3,000 job losses. The shares dropped 0.6 percent to 273.8 pence.

Bayer AG (BAYN) : An experimental drug developed by Bayer and Algeta ASA prolonged the lives of men with prostate cancer that’s spread to their bones, a study found. The stock jumped 7.1 percent to 39.42 euros.

Belgacom SA (BELG) : Belgium’s largest telephone company had a BIPT regulatory fine reduced to 500,000 euros ($675,000) from 800,000 euros in an appeals court ruling. Belgacom dropped 0.2 percent to 21.84 euros.

BNP Paribas (BNP) SA and Societe Generale (GLE) SA: France’s biggest banks by market value have enough capital to withstand possible losses from Greece-related risks and have no hidden problem assets, Bank of France Governor Christian Noyer told Journal du Dimanche in an interview. BNP shares rose 9.8 percent to 25.32 euros. Societe Generale shares gained 8.8 percent to 16.65 euros.

Brisa Auto-Estradas de Portugal SA (BRI) : The company’s main concession in Portugal, Brisa Concessao Rodoviaria, sold 50 million euros in floating-rate senior notes with a maturity of one year, the toll-road operator said in a regulatory filing. The stock fell 2.2 percent to 2.4 euros.

Charter International Plc (CHTR) : Melrose Plc has approached Charter International Plc shareholders about scuppering Colfax Corp.’s 1.5 billion-pound ($2.4 billion) bid, the Financial Times said, citing an unidentified person familiar with the matter. The stock fell 0.8 percent to 856.5 pence.

Daimler AG (DAI) : The carmakers plans to spend as much as $35 million on a new marketing campaign for its Smart brand as it seeks to remake its image in the U.S. after sales plummeted 76 percent over two years. The shares dropped 1 percent to 32.405 euros.

Dexia SA (DEXB) : There are no plans to split the French- Belgian bank or change its ownership, De Tijd said, citing an interview with Chief Executive Officer Pierre Mariani.

Separately, Dexia is in talks with France’s Caisse des Depots et Consignations and La Banque Postale SA to create a new French municipal lender, according to Le Figaro. Dexia shares gained 2.7 percent to 1.31 euros.

Fugro NV (FUR) : The world’s largest surveyor of deepwater oil fields said Supervisory Board Chairman Herman Scheffer died. Fugro lost 4.3 percent to 36 euros.

LVMH Moet Hennessy Louis Vuitton SA (MC) : The world’s largest luxury goods company will own 98 percent of Bulgari SpA (BUL) after 31.3 percent of Bulgari’s capital was tendered in a public offer and after buying 0.77 percent on the market, according to a statement through the Italian exchange. LVMH shares fell 1.4 percent to 105.45 euros.

Sacyr Vallehermoso SA (SYV) : Shareholders of the Spanish builder called for a board meeting to obtain details of an agreement between Sacyr and Petroleos Mexicanos to control almost 30 percent of Repsol YPF SA (REP) , Expansion said. Sacyr shares dropped 1.3 percent to 4.08 euros. Repsol advanced 0.2 percent to 18.68 euros.

Telefonica SA (TEF) : The Spanish telephone company’s Chairman and Chief Executive Officer Cesar Alierta said he sees “spectacular” growth in Brazil and across the Latin American market, Efe reported. The shares rose 2.6 percent to 13.47 euros.

To contact the reporter on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net

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

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