Ahlers, Petroplus Holdings, Repsol YPF, Thales SA: 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 0.3 percent to 241.92. The Stoxx 50 Index declined 0.1 percent to 2,323.33. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, lost 0.5 percent to 2,356.71.
Ahlers AG (AAH) : Germany’s second-largest menswear maker forecast preliminary net income for fiscal 2011 to be as little as 9 million euros, below the previous forecast of 10 million euros. The stock fell 1.5 percent to 10 euros.
Orpea SA (ORP) : The French nursing-home operator raised 203 million in a rights offering. The stock slumped 1.6 percent to 25.23 euros.
Petroplus Holdings AG (PPHN SW): Europe’s largest independent refiner expects operations at its Coryton oil refinery in the U.K. to return to normal in the coming days following a fault, the Zug, Switzerland-based company said in a statement on its website. The stock declined 1.7 percent to 4 francs.
Repsol YPF SA (REP) : Spain’s biggest oil company sees “colossal” potential for producing oil and natural gas from unconventional fields in Argentina, where it’s exploring for resources, Chief Executive Officer Antonio Brufau Niubo told reporters in Doha, Qatar. The stock added 0.3 percent to 22.96 euros.
Thales SA (HO) : The French aerospace and electronics company said it will buy Tampa Microwave. Terms weren’t disclosed in an e-mail. The stock sank 0.9 percent to 23.15 euros.
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