Beneteau, Diageo, HSBC, Intesa Sanpaolo: Europe Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are as of the previous close.

The Stoxx Europe 600 Index fell 0.1 percent to 261.07. The Stoxx 50 Index rose less than 0.1 percent to 2515.43. The Euro Stoxx 50 Index, a benchmark for nations using the euro, fell 0.5 percent to 2,738.61.

Ales Groupe (ALPHY FP): The maker of Laboratoires Lierac cosmetics said first-half profit dropped 69 percent to 0.6 million euros. The shares lost 0.6 percent to 12.60 euros.

Axel Springer AG (SPR GY): About 5.48 million shares in Europe’s largest newspaper publisher are being offered near “the previous closing price,” according to the term sheet of the sale obtained by Bloomberg News. The shares fell 2.3 percent to 94.76 euros.

Banca Popolare dell’Emilia Romagna Soc Coop (BPE IM) agreed to sell its private-banking unit Meliorbanca Private SpA to Santander Private Banking SpA, according to a statement distributed by the Italian exchange.

The price will be about 32 million euros, the statement said. The stock dropped 17.5 cents, or 1.9 percent, to 9.07 euros.

Beneteau SA (BEN FP): The world’s biggest sailboat maker said fourth-quarter revenue rose 41 percent to 209.9 million euros. Full-year sales rose 18 percent, beating the company’s initial forecast. The shares fell 1.8 percent to 12.47 euros.

BNP Paribas SA (BNP FP): Shares in the biggest banks may move after the French banking federation said government plans for a tax linked to bank risk was “unjustified” and “harmful for the economy.” BNP shares dropped 2.5 percent to 53.90 euros, Societe Generale SA (GLE FP) lost 1.7 percent to 43.51 euros and Credit Agricole SA (ACA FP) fell 1.9 percent to 11.40 euros.

Cegedim SA (CGM FP): The medical information-services provider reported a 16 percent rise in first-half profit to 19.9 million euros. The shares added 0.4 percent to 56.64 euros.

Diageo Plc (DGE LN): The world’s largest spirit maker will focus on expanding sales of its Guinness stout in Southeast Asia, according to Brian Duffy, the managing director for the brand. The shares were unchanged at 1,092 pence.

HSBC Holdings Plc (HSBA LN): Chief Executive Officer Michael Geoghegan will step down from his post at the end of the year and be replaced by investment banking head Stuart Gulliver, a person briefed on the matter said. Finance Director Douglas Flint will be named as the bank’s new chairman, said the person, who declined to be named because the matter is confidential. The stock was unchanged at 664 pence.

Gas Plus SpA (GSP IM): The gas company said it plans to sell new shares for as much as 120 million euros ($160 million). The stock lost 1.5 cents, or 0.3 percent, to 5.02 euros.

GlaxoSmithKline Plc (GSK LN): The company’s Avandia drug, once the world’s best-selling diabetes drug, will be withdrawn from the market in Europe and sales will be limited in the U.S. because of an increased risk of heart attacks, regulators said in decisions announced almost simultaneously. Glaxo will stop promoting the drug in all countries in which it operates, the company said in an e-mailed statement today.

Intesa Sanpaolo SpA (ISP IM): The sale of 1 billion euros of Tier 1 bonds by Italy’s second-biggest bank by assets will be priced to yield 9.5 percent, according to a banker involved in the transaction. Shares fell 5.5 cents, or 2.3 percent, to 2.36 euros.

Italcementi SpA (IT IM): The country’s largest cement maker plans to hold an investor meeting. The stock declined 3 cents, or 0.5 percent, to 6.42 euros.

L’Inventoriste (ALIVT FP): The provider of computerized and physical inventory services said first-half revenue rose 15 percent to 10.4 million euros. The shares gained 0.3 percent to 35.05 euros.

Lanson-BCC (LAN FP): The champagne maker reported a 56 percent rise in first-half profit to 1.75 million euros and said it expects to post improved full-year sales and earnings. The shares added 2.8 percent to 53.99 euros.

Siemens AG (SIE GY): Europe’s largest engineering company said it has signed an accord to acquire U.S.-based Republic Intelligent Transportation Services Inc. Siemens didn’t disclose the terms of the transaction. The shares fell 0.9 percent to 76.45 euros.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE