Bilfinger, Christian Dior, RBS, UBS: Europe Equity Preview
Shares of the following companies may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 0.2 percent to 260.11. The Stoxx 50 Index slipped 0.1 percent to 2,461.78. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, climbed 0.3 percent to 2,478.15.
Bilfinger Berger SE (GBF) : Germany’s second-largest builder plans to retain its dividend strategy as it seeks more acquisitions, the Financial Times Deutschland reported, citing an interview with Chief Executive Officer Roland Koch. The shares rose 3.2 percent to 72.33 euros.
Christian Dior SA (CDI) : The luxury goods maker that holds a stake in LVMH Moet Hennessy Louis Vuitton SA said 2011 profit rose to 1.28 billion euros. The increase in group net income was 1 percent, though the gain would have been 36 percent excluding a one-time gain in 2010. The shares advanced 0.1 percent to 111 euros.
Royal Bank of Scotland Group Plc (RBS LN): The U.K. bank was cut to “hold” from “buy” at Deutsche Bank AG. The shares increased 2.4 percent to 28.40 pence.
UBS AG (UBSN) : Assured Guaranty Municipal Corp. sued a UBS unit for breach of contract, accusing the company of failing to meet obligations related to the pooling of residential mortgage-backed securities. Assured Guaranty, a New York-based municipal bond insurer, filed the suit against UBS Real Estate Securities Inc. in New York State Supreme Court in Manhattan. The shares climbed 0.2 percent to 12.99 euros.
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