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BP, Glencore, Prudential, Siemens: 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 0.5 percent to 265.44. The Stoxx 50 Index (SX5P) gained 0.5 percent to 2,489.19. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, climbed 0.1 percent to 2,515.95.

Allied Irish Banks Plc (ALBK) : The Irish bank has hired Morgan Stanley (MS) to advise on the sale of EBS Ltd.’s 800 million- euro ($1.1 billion) commercial real estate portfolio, the Sunday Times reported. The shares were little changed at 11.5 cents.

Barclays Plc (BARC) : The British bank’s Spanish unit won’t become profitable until 2014 as it carries out restructuring, Expansion reported, citing the 2011 annual report. Barclays closed at 240.7 pence.

Bayerische Motoren Werke AG (BMW) (BMW GY): The automaker plans to hire about 4,000 workers this year while expecting faster growth than the global market, Automotive News Europe reported. BMW shares rose 1.9 percent to close at 70.50 euros.

BP Plc (BP/) : The oil company’s $7.8 billion settlement with businesses and individuals over the Deepwater Horizon oil- rig disaster won the support of a Houston-based lawyer representing almost 12,000 plaintiffs, the Sunday Telegraph reported. BP closed at 493.9 pence in London.

Enel SpA (ENEL) : The Italian utility plans to invest about 1.2 billion euros in the next five years to upgrade its Russian power generating unit OAO Enel OGK-5, according to a presentation on the Italian utility’s website. The stock closed at 2.82 euros in Milan.

European (SXXP) Aeronautic, Defence & Space Co. (EAD FP): China’s aviation regulator said it hasn’t forbidden the nation’s airlines from buying the company’s planes, two days after the aircraft maker’s parent said carriers may forgo deliveries to protest against the European Union’s carbon-emissions tax. EADS stock gained 1.1 percent to close at 30.06 euros in Paris.

Game Group Plc (GMG) : The U.K.’s biggest independent video-games retailer is seeking a buyer to avert a financial collapse, the Sunday Times reported. Game Group shares retreated 23 percent to close at 3.51 pence in London.

Glencore International Plc (GLEN) (GLEN LN): The commodities trader made a 3.5 billion-pound ($5.49 billion) bid for Viterra Inc. (VT), Canada’s largest grain handler, The Sunday Telegraph reported. The shares closed at 408.7 pence.

Prudential Plc (PRU) : The U.K.’s biggest insurer is considering opening a general insurance unit in Brazil in a bid to enter the Latin American (BRLA) market, the Sunday Telegraph said. Prudential shares gained 1.5 percent to close at 720.5 pence.

Siemens AG (SIE) : The German company may face a shortfall of as many as 14,000 employees by 2020 as Germany fails to produce enough young skilled workers and engineers, Chief Executive Officer Peter Loescher told Bild am Sonntag. The shares closed at 74.68 euros in Frankfurt.

Sthree Plc (STHR) : The London-based information, communication-and-technology-staffing service was lowered to hold from buy by Peel Hunt LLP. The shares rose 3.3 percent to 295 pence.

Trinity Mirror Plc (TNI) : The U.K. publisher’s shareholders, including Schroders Plc (SDR), Aviva Plc (AV/), Standard Life Plc (SL/) and Legal & General Group Plc (LGEN), want a reduction in the pay package of Chief Executive Officer Sly Bailey, the Sunday Times reported. The shares were down 5.8 percent at 40.75 pence.

Volkswagen AG (VOW) (VOW3 GY): The carmaker will nominate Ursula Piech, the wife of supervisory board Chairman Ferdinand Piech, to the board at its next annual general meeting, Christine Ritz, the company’s investor relations chief, said in a phone interview. The stock gained 1.2 percent to close at 142.8 euros in Frankfurt.

To contact the reporter on this story: Kari Lundgren in London at klundgren2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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