The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 1 percent to 256.96. The Stoxx 50 Index (SX5P) increased 0.4 percent to 2,406.77. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, gained 1.7 percent to 2,322.91.
PPR SA (PP) : The French owner of the Gucci luxury brand and Puma sporting-goods maker reported first-quarter sales that exceeded analysts’ estimates and said it’s confident of achieving sales and earnings growth in 2012. The shares increased 3.2 percent to 119.70 euros.
Renault SA (RNO) : France’s second-biggest automaker said first-quarter revenue fell 9 percent on declining European demand as the car industry struggles with a sluggish economy in the region and overcapacity. The shares rose 2.1 percent to 35.32 euros.
Royal Bank of Scotland Group Plc (RBS LN): Britain’s biggest state-owned lender may lose as much as 20 billion pounds from its future market value because of planned U.K. regulatory changes, Chief Executive Officer Stephen Hester said. The shares fell 0.3 percent to 23.22 pence.
Vivendi SA (VIV) : The owner of the world’s biggest music and video-game companies is considering an overhaul of its company structure that may lead to a breakup, according to people with knowledge of the matter. The shares gained 1.4 percent to 13.34 euros.
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