BP, Deutsche Bank, Credit Suisse, Tesco: Europe Equity Preview

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 267.21. The Stoxx 50 Index (SX5P) lost less than 0.1 percent to 2,503.47. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, fell 0.1 percent to 2,546.16.

Banif SGPS SA (BNF) : The Portuguese bank plans to sell its Brazilian investment banking unit, Expresso reported, without saying how it obtained the information. Banif fell 2 percent to 0.33 euros.

Benetton Group SpA (BEN) : The Italian retailer’s board said Edizione Holding SpA’s bid offer is fair after the board’s adviser Morgan Stanley and HSBC gave their fairness advise, according to prospectus documents posted on the company’s website. Benetton rose 0.6 percent to 4.646 euros.

BP Plc (BP LN): Europe’s second-largest oil company by market value reached an estimated $7.8 billion settlement with businesses and individuals damaged in the 2010 Deepwater Horizon oil rig disaster, removing one of three major litigation fronts facing the company over the biggest offshore spill in U.S. history.

Separately, BP Plc (BP/) Chief Financial Officer Brian Gilvary said the company is prepared to settle with the U.S. and state governments on “fair and reasonable” terms after reaching an agreement with private plaintiffs. The shares were little changed at 496.5 pence.

Deutsche Bank AG (DBK) (DBK GY): Germany’s largest lender was hired with Credit Suisse Group AG (CSGN) and Citigroup Inc. (C) by Facebook Inc. (FB) to work on its $5 billion initial public offering and give it access to more credit, a person with direct knowledge of the situation said. Deutsche Bank rose less than 0.1 percent to 35.86 euros.

Deutsche Post AG (DPW) (DPW GY): Europe’s largest mail carrier is among companies interested in Celesio AG (CLS1)’s (CLS1 GY) unit that provides logistics services to drugmakers, according to three people with knowledge of the matter. Deutsche Post rose 1.1 percent to 13.54 euros.

Daimler AG (DAI) : The German automaker may increase production of its restyled B-Class compact car as orders surge, Vice President for Sales and Marketing Joachim Schmidt told Automobilwoche in an interview. Daimler rose 0.6 percent to 46.24 euros.

Electricite de France SA (EDF FP): The world’s biggest operator of nuclear reactors said it halted units 1 and 2 at its Sizewell B nuclear facility in the U.K. Spokesman Gordon Bell declined to provide further details. EDF rose 3.3 percent to 19.60 euros.

Glencore International Plc (GLEN) (GLEN LN): Ivan Glasenberg, chief executive officer of the Swiss-based commodities trader, will receive a $109 million dividend, the Sunday Times reported. Glencore fell 1.7 percent to 420 pence.

International Consolidated Airlines Group SA (IAG) (IAG LN): The Iberia pilots union Sepla called 24 days of strikes during March, April and May as it steps up protests against plans by International Consolidated Airlines Group to start a low-cost carrier, ABC reported. IAG rose 2.8 percent 167.3 pence.

Kuoni Reisen Holding AG (KUNN) : The Swiss travel company has a “theoretical” interest in buying parts of Thomas Cook Group Plc (TCG)’s Indian business while ruling out any move to buy a European (SXXP) operation from the company, Frankfurter Allgemeine Zeitung reported. Kuoni Reisen rose 1.5 percent to 293 francs.

Lloyds Banking Group Plc (LLOY) : Lloyds Bank Group Plc’s Halifax unit, the U.K.’s largest mortgage lender, said it is raising its standard variable rate to 3.99 percent from 3.5 percent to account for higher funding costs after the European debt crisis. Lloyds rose 2.5 percent to 35.64 pence.

Tesco Plc (TSCO) : Britain’s largest grocer said it will create 20,000 jobs in the U.K. over the next two years as it refurbishes and adds stores. Tesco fell 0.6 percent to 318.25 pence.

Vodafone Group Plc (VOD) : The world’s largest mobile- phone company has no plans to leave Greece and doesn’t fear the country’s economic situation, Kathimerini said, citing Chief Executive Officer Vittorio Colao. Vodafone fell 0.7 percent to 170.6 pence.

To contact the reporters on this story: Katia Porzecanski in New York at kporzecansk1@bloomberg.net; Isaac Arnsdorf in London at iarnsdorf@bloomberg.net

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

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