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Allied Irish, BAE, BP, Cove Energy, UBS: Europe Equity Preview

The following companies’ shares may have unusual moves in European (SXXP) trading. All prices are from the previous close. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 0.3 percent to 255.85 on Jan. 20. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, retreated 0.3 percent to 2,426.96.

Allied Irish Banks Plc (ALBK) : Allied Irish Banks and Irish Life & Permanent Plc (IPM ID) are in advanced talks with the government and its bailout partners to transfer loss-making home loans that are priced to track the main European (SXXP) Central Bank rate, Sunday Business Post said, citing unidentified industry officials. Allied Irish was unchanged at 6.4 euro cents. Irish Life closed at 3 euro cents, up 20 percent.

Barclays Plc (BARC) : Barclaycard may buy the 6.5 billion pound ($10.1 billion) portfolio of MBNA Europe Bank Ltd.’s 10 billion-pound U.K. and Irish credit card portfolio, the Sunday Telegraph said, citing an unidentified person familiar with the sale. The shares added 0.6 percent to 222.65 pence.

BAE Systems Plc (BA/) : BAE is considering closing the U.K.’s Portsmouth dockyard after a review of its shipbuilding operations, the Sunday Times said, citing unidentified officials. A closure may lead to as many as 3,000 job losses, the newspaper said. BAE was unchanged at 313.7 pence.

Cove Energy Plc (COV) : The U.K.-based energy company that’s put itself up for sale may get a bid from BP Plc (BP/ LN), the Sunday Times reported, without saying where it got the information. BP declined to comment. Cove fell 1.3 percent to 135 pence. BP declined 3 percent to 467.5 pence.

Daimler AG (DAI) : The German carmaker plans to save 1.5 billion euros ($1.9 billion) annually by 2014 by sharing common underpinnings among Mercedes-Benz models, Automobilwoche reported, citing an interview with research and development chief Thomas Weber. Daimler rose 1.2 percent to 41.96 euros.

Dexia SA (DX) : The French-Belgian lender being broken up after losing access to short-term funding will need to tap 75 billion euros to 80 billion euros of promised government guarantees to replace maturing debt. Dexia fell 0.6 percent to 33.2 euro cents.

EasyJet Plc (EZJ) : Stelios Haji Ioannou, the U.K. budget airline’s founder and largest shareholder, will vote against the remuneration report at the low-cost airline’s annual general meeting, the Sunday Telegraph said, citing an e-mail from Stelios, who goes by his first name. EasyJet added 0.2 percent to 422.5 pence.

Elan Corp. (ELN) : The Irish pharmaceutical company and Biogen Idec Inc. won U.S. clearance to modify the label of their multiple-sclerosis shot Tysabri with new safety information that may double the treatment’s worldwide sales. Elan fell 1.2 percent to 10.32 euros.

Eni SpA (ENI) : Eni is interested in new investments after it sells its stake in Snam Rete Gas SpA, Chief Executive Office Paolo Scaroni told la Repubblica in an interview. Eni’s debt would fall to about 7 billion euros after the sale, Scaroni said. Eni fell 0.2 percent to 17.17 euros.

Rockhopper Exploration Plc (RKH) : Anadarko Petroleum Corp. executives have met managers of Rockhopper as they consider a possible bid for the U.K. company, the Sunday Times reported, without saying where it got the information. An external spokesman in London for Rockhopper declined to comment. Rockhopper fell 1.5 percent to 322.5 pence.

Royal Bank of Scotland Group Plc (RBS LN): The U.K. bank may pay investment bankers a total of about 2.5 billion pounds including pay, perks and an estimated 500 million pounds in bonuses, the Sunday Times reported, without saying where it got the information. RBS advanced 1.4 percent to 27.44 cents.

Swatch Group AG (UHR) : Chief Executive Officer Nick Hayek said the watchmaker may grow faster than the expected Swiss watch export growth of 5 percent to 10 percent in 2012, NZZ am Sonntag reported. Swatch fell 0.7 percent to 386.50 francs.

UBS AG (UBSN) : Bank of America Corp.’s Merrill Lynch unit and the Swiss lender must try to reach an out-of-court resolution to their dispute with the Italian Region of Lombardy over interest-rate transactions, a London judge ruled. UBS rose 0.6 percent to 12.65 francs.

To contact the reporters on this story: Ksenia Galouchko in New York at kgalouchko1@bloomberg.net;

To contact the reporter on this story: Maria Ermakova in London at mermakova@bloomberg.net

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