The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index slipped 1.3 percent to 233.97. The Stoxx 50 Index lost 1 percent to 2,245.69. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, adropped 1.1 percent to 2,242.78.
Rio Tinto Group (RIO LN): The world’s third-largest mining company raised its agreed offer for Canadian uranium miner Hathor Exploration Ltd. (HAT CN) to about C$654 million ($636 million) to fend off Cameco Corp.’s (CCO CN) hostile bid. Rio will pay C$4.70 a share, up from its previous C$4.15 offer, the London-based company said. That’s 4.4 percent more than Cameco’s bid. Rio Tinto slipped 3.5 percent to 3,324 pence.
Software AG (SOW) : Germany’s second-largest software maker isn’t for sale and will pursue a standalone strategy, with cheaper asset prices making own acquisitions likely, its chief executive officer said. The shares erased 3.5 percent to 29.19 euros.
Telecom Italia SpA (TIT) : Italy’s biggest phone company sees a “light decrease” of about 1 percent to 2 percent in the country’s telecommunications market next year, Chief Operating Officer Marco Patuano said. The shares lost 1.8 percent to 0.86 euro.
UBS AG (UBSN) : Switzerland’s biggest bank will aim for return on equity of between 12 percent and 17 percent starting in 2013 as it shrinks the investment bank to concentrate on wealth management. The shares fell 2.9 percent to 10.49 francs.
WPP Plc (WPP) : The largest advertising company’s Chief Executive Officer Martin Sorrell said it may increase sales by 4 percent next year, bolstered by the Olympics and U.S. elections and growth in Brazil, China and Russia. The shares dropped 1.1 percent to 656.50 pence.
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