The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index (SXXP) rose 0.1 percent to 247.53. The Stoxx 50 Index (SX5P) gained 0.1 percent to 2,400.15. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, retreated 0.7 percent to 2,298.65.
Adidas AG (ADS): The German sportswear maker expects to increase sales of soccer products this year to more than the record 1.5 billion euros ($1.9 billion) posted in 2010 as the European (SXXP) Cup boosts demand, Chief Financial Officer Robin Stalker told Boersen-Zeitung in an interview. Adidas slipped 1 percent to 51.77 euros.
Air France-KLM Group (AF) : Boeing Co.’s new order for 25 composite-plastic Dreamliners is with Europe’s biggest airline, which agreed to buy the jets more than three months ago without signing the purchase, a person familiar with the plan said. Air France gained 3.9 percent to 3.96 euros.
Dexia SA (DEXB) : France’s shareholding agency head Jean- Dominique Comolli rejected Dexia Chief Executive Officer Pierre Mariani’s proposal that the government nationalize the lender’s French units Dexia Credit Local and Dexma, Le Figaro said, citing an unidentified participant at the meeting. Dexia was little changed at 29.2 cents.
EON AG (EOAN) (EOAN GR): Germany’s biggest utility has at least five potential bidder groups for its gas distribution network and is asking them to indicate interest by Jan. 20, Reuters reported, citing an unidentified banker. EON fell 0.1 percent to 17.11 euros.
Fraport AG (FRA) (FRA GY): The owner of Frankfurt airport has abandoned plans to bid for 20-year concessions to run Spain’s largest airports because of “difficult” market conditions, Cinco Dias reported, citing an unidentified company spokesman. Fraport rose 3.1 percent to 40.10 euros.
Genel Energy Plc (GENL) (GENL LN): The U.K. energy company will pay $70 million to buy a 40 percent share of the Chia Surkh oilfield in northern Iraq from Longford Energy Inc. (LFD), the Sunday Times reported. Genel fell 1.9 percent to 751.5 pence.
HMV Group Plc (HMV) : Warner Music Group Corp., Sony Corp. and private-equity firm Exponent are among potential buyers of HMV’s Live unit, the Sunday Telegraph reported, without saying where it got the information. HMV fell 3.2 percent to 3 pence.
Novartis AG (NOVN) : Switzerland’s biggest drugmaker said it is voluntarily recalling some over-the-counter products in the U.S. over consumer complaints. The recall is estimated to result in a one-time charge of $120 million, the company said in a statement. The shares rose 0.6 percent to 54.70 francs.
Royal Bank of Scotland Group Plc (RBS) : The U.K. lender may combine its investment banking and global transactions services divisions, the Sunday Telegraph reported, without citing anyone. RBS gained 1.2 percent to 20.51 pounds.
Solarhybrid AG (SHL) (SHL GY): The German solar-park developer is building the first phase of Italy’s largest project in Puglia without external funding while it seeks financing for the rest, Chief Financial Officer Albert Klein said. Solarhybrid climbed 3 percent to 5.72 euros.
Volkswagen AG (VOW) (VOW GY): Europe’s biggest carmaker plans to invest in technology for lighter and more fuel-efficient cars to avoid becoming embroiled in pricing battles with competitors amid potentially weakening demand, Automobilwoche reported, citing an internal memo. Volkswagen fell 1.3 percent to 110.71 euros.
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