Deutsche Bank, Fraport: 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 (SXXP) gained 0.3 percent to 264.77. The Stoxx 50 Index (SX5P) fell less than 0.1 percent to 2,486.30. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, rallied 0.6 percent to 2,523.69.

Banca Monte dei Paschi di Siena SpA (BMPS IM): Clessidra investment fund is close to buying as much as 5 percent in Banca Monte dei Paschi di Siena SpA (BMPS) from the bank’s biggest investor, Fondazione Monte dei Paschi, Radiocor reported, without saying where it got the information. Banca Monte dei Paschi di Siena rose 1.6 percent to 0.392 euros.

BP Plc (BP/) : The oil company plans to spend $1.73 billion on legal administrative costs from the 2010 Deepwater Horizon Gulf of Mexico oil spill, the Financial Times reported, citing provisions in the company’s annual report. A trial over the disaster may stretch into 2014, the Sunday Telegraph reported, citing an interview with CEO Bob Dudley. BP rose 0.2 percent to 496.2 pence.

Deutsche Bank AG (DBK) (DBK GY): Germany’s largest lender won’t approve the 812-million euro ($1.1 billion) damages payment to the heirs of Leo Kirch, Sueddeutsche Zeitung reported, citing an unidentified person with knowledge of the company. Deutsche Bank rose 4.5 percent to 34.86 euros.

Eurasian Natural Resources Corp. (ENRC) : Chairman Mehmet Dalman has been told to “refresh and revive” the mining company’s board, the Sunday Telegraph reported, without saying where it got the information. ENRC rose 0.5 percent to 739 pence.

Fraport AG (FRA) (FRA GY): The operator of Frankfurt Airport failed to reach an agreement over wage conditions and contracting with its ground control employees’ union, which said it didn’t rule out further strikes. The shares rose 3.5 percent to 47.79 euros.

OAO Lukoil (LKOH) (LKOH RU): Russia’s second-largest oil producer is interested in natural gas and electricity assets in Turkey, Sabah reported, citing Vadim Vorobyov, vice president of the company. OAO Lukoil fell 0.7 percent to 61.55 rubles.

Pearson Plc (PSON) : The owner of the Financial Times may raise its dividend by almost 10 percent, the Sunday Times reported without saying where it obtained the information. Pearson gained 1.5 percent to 1,251 pence.

Premier Foods Plc (PFD) : The U.K. food company is close to agreeing 1 billion pounds ($1.6 billion) of new bank loans to help secure its future, the Sunday Times reported, citing unidentified sources close to the company. Premier Foods rose 2.3 percent to 11.25 pence.

Swiss Re Ltd. (SREN) (SREN VX): The reinsurer is currently not focusing on acquisitions and is “growing organically,” Chief Executive Officer Michel Lies told SonntagsZeitung in an interview. Swiss Re fell 1 percent to 53.85 Swiss francs.

Unipol Gruppo Finanziario SpA (UNI) : Unipol received support from Premafin Finanziaria SpA for its plan to merge with Fondiaria-Sai SpA, Il Messaggero reported, without saying where it got the information. Unipol rose 1.5 percent to 0.284 euros.

To contact the reporter on this story: Katia Porzecanski in New York at kporzecansk1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net.

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