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Barclays, Iliad, RBS, Tesco, UniCredit: European Equity Preview

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

The Stoxx Europe 600 Index declined 1 percent to 255.40. The Stoxx 50 Index fell 1 percent to 2,428.88. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, slipped 1 percent to 2,436.62.

Barclays Plc (BARC) : Shareholders of the London-based bank have said they won’t accept large pay increases for the chief executive officer or senior bankers, the Financial Times reported, citing unidentified investors. The shares were unchanged at 222.85 pence.

Deutsche Boerse AG (DB1) (DB1 GY): The operator of the Frankfurt stock exchange will try to gain a stronger foothold in Asia through joint ventures should a planned merger with NYSE Euronext collapse, Euro am Sonntag said, citing an unidentified Deutsche Boerse manager. The shares rose 1.1 percent to 45.80 euros.

GlaxoSmithKline Plc (GSK) : The U.K.’s largest drugmaker is seeking an acquisition in Turkey as it struggles to become profitable in the country, Hurriyet reported, citing the company’s emerging-markets president Abbas Hussain. The shares fell 1.4 percent to 1,420.5 pence.

Iliad SA (ILD) : France’s telecommunications regulator Arcep said it will examine the network of Free, the country’s fourth and newest mobile-phone service, after unions complained its coverage wasn’t at the required level. The shares rose 0.4 percent to 92.25 euros.

Intermediate Capital Group Plc (ICP) : Europe’s largest provider of debt for leveraged buyouts plans to raise a senior- debt fund from institutional investors, the Sunday Telegraph reported, citing the company. The shares decreased 0.4 percent to 280.7 pence.

Irish Life & Permanent Plc (IPM ID): The Irish retail financial services group plans to sell its agricultural finance business to Rabobank NA, the Dutch banking group, the Sunday Times reported, without saying where it got the information. Irish Life shares climbed 6.5 percent to 0.03 euros.

London Stock Exchange Group Plc (LSE) : The U.K.’s primary stock exchange is considering a bid for the London Metal Exchange, the Sunday Times said, citing unidentified sources close to the auction. London Stock Exchange shares decreased 1.9 percent to 865 pence.

Rank Group Plc (RNK) : The international leisure and entertainment company is in talks to buy the casino unit of Gala Coral Group Ltd., the Sunday Times said, without citing anyone. Rank shares retreated 0.4 percent to 127 pence.

Royal Bank of Scotland Group Plc (RBS LN): Britain’s biggest state-owned lender’s Chief Executive Officer Stephen Hester plans to waive his 2011 bonus, spokesman David Gaffney said by telephone last night.

Separately, the bank said Chairman Philip Hampton won’t receive a bonus agreed to when he joined in 2009 amid political furor over executive pay at the bank. The shares rose 0.3 percent to 27.74 pence.

SAP AG (SAP) : The biggest global business-management software maker plans an average pay increase this year of 4 percent for its 16,300 workers in Germany, Euro am Sonntag reported, citing an unidentified person with knowledge of the plans. The shares rose 0.7 percent to 45.75 euros.

Telecom Italia SpA (TIT) : Italy’s biggest phone company is in talks with Egyptian billionaire Naguib Sawiris to buy its Matrix internet unit, Corriere della Sera reported, without saying where it got the information. The shares declined 0.5 percent to 0.78 euros.

Tesco Plc (TSCO) : The U.K. food retailer has sold a 50 percent share in a group of 11 of its stores to Trinity, the wealthiest college at the U.K.’s Cambridge University, the Sunday Telegraph reported, without saying where it got the information. The shares decreased 0.7 percent to 320.75 pence.

ThyssenKrupp AG (TKA) : Germany’s largest steelmaker will resume talks on merging its Inoxum stainless unit with Outokumpu Oyj early this week, Handelsblatt said, citing unidentified people close to the negotiations. The shares were little changed at 21.96 euros.

Total SA (FP) : France’s largest oil and gas producer is close to securing exploration rights over several oil and gas blocks in Kurdistan, northern Iraq, the Sunday Times said, citing unidentified industry insiders. The shares fell 1.2 percent to 40.09 euros.

UniCredit SpA (UCG) : Italy’s biggest bank said in a stock-exchange statement that 99.8 percent of its 7.5 billion- euro ($9.9 billion) rights offer was subscribed, as the lender seeks to boost capital and strengthen finances. The shares fell 4.5 percent to 3.65 euros.

To contact the reporter on this story: Rob Sheridan in London at rsheridan6@bloomberg.net

To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net

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