Addex, Banco Sabadell, Wendel: European Equity Preview
The following companies’ shares may have unusual moves in European (SXXP) (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index (SXXP) fell 0.1 percent to 268.67. The Stoxx 50 Index (SX5P) decreased 0.1 percent to 2,521.21. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, declined 0.4 percent to 2,567.58.
Acea SpA (ACE) : The utility serving the city of Rome reported 2011 earnings excluding some items of 66 euro cents a share, exceeding the average analyst estimate of 48 euro cents, data compiled by Bloomberg show. The shares fell 0.1 percent to 5.22 euros.
Addex Pharmaceuticals Ltd. (ADXN) : The Swiss drugmaker said its experimental treatment for Parkinson’s disease reduced symptoms and was safe in a mid-stage patient study. The shares fell 0.5 percent to 6.46 Swiss francs.
Banco Sabadell SA (SAB) : The Spanish lender raised 902.6 million euros ($1.19 billion) with a sale of new shares to bolster its balance sheet and absorb a failed savings bank. The shares declined 1.2 percent to 2.32 euros.
Wendel SA (MF) : The manufacturing investment company reported 2011 earnings per share of 7.75 euros excluding some items, beating the average analyst estimate of 7.34 euros, according to data compiled by Bloomberg. The company also said it will pay a dividend of 1.30 euros per share. The shares increased 0.2 percent to 67.34 euros.
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