Oct. 12 (Bloomberg) -- The following companies’ share may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 0.4 percent to 263.20. The Stoxx 50 Index advanced 0.2 percent to 2,520.23. The Euro Stoxx 50 Index, a benchmark for nations using the euro, gained 0.2 percent to 2,789.72.
Air Berlin Plc (AB1 GY): Germany’s second-largest airline said Johannes Zurnieden will leave his post as chairman of the board of directors at the end of the year and be replaced by Hans-Joachim Koerber, a member of the board of directors. The stock rose 3 percent to 3.18 euros.
Asian Citrus Holdings Ltd. (ACHL LN): The orange plantation owner reports full-year earnings. The shares advanced 2.2 percent to 69 pence.
Assicurazioni Generali SpA (G IM): Italy’s biggest insurer cut its stake in Hypo Holding to 6.3 percent from 25 percent, an official of the Trieste, Italy-based company said, confirming a report in Der Standard. She declined to be identified, citing company policy. The shares rose 0.8 percent to 14.92 euros.
Audika SA (ADI FP): The French hearing-aid retailer said third-quarter revenue fell to 19.8 million euros ($27.5 million) from 20.7 million euros a year earlier. The shares added 0.8 percent to 19.3 euros.
C&C Group Plc (GCC ID): The maker of Magners cider is scheduled to report first-half earnings. The stock rose 0.9 percent to 3.06 euros.
Cewe Color Holding AG (CWC GY): Guy Wyser-Pratte’s Wyser-Pratte Management Co.’s EuroValue Fund has sold its entire position in the digital photofinishing company, the U.S. investor said. Cewe Color rose 0.9 percent to 26.68 euros.
Fiat SpA (F IM): Alfredo Altavilla, head of Fiat’s powertrain division, will replace Paolo Monferino as chief executive officer of the Iveco truck unit that’s being spun off from Italy’s largest manufacturer. The shares increased 1.9 percent to 11.42 euros.
Go Sport SA (GSP FP): The sporting goods retailer said third-quarter revenue rose 1.1 percent to 190.5 million euros. The shares dropped 1.8 percent to 11 euros.
Hochtief AG (HOT GY): Actividades de Construccion & Servicios SA doesn’t plan to sell Hochtief’s assets if it acquires Germany’s biggest builder, Die Welt reported, citing an unidentified spokeswoman for the Spanish company. Hochtief’s stock added 0.7 percent to 64.17 euros.
Intesa Sanpaolo SpA (ISP IM): Credit Agricole SA’s purchase of 172 bank branches from Italy’s second-biggest bank should be reviewed locally, rather than by the European Commission, because it will only affect the local market, Italy’s antitrust regulator said. The shares gained 0.4 percent to 2.45 euros.
Ipsen SA (IPN FP): The family controlled drugmaker named Marc de Garidel chairman and chief executive officer, replacing Jean-Luc Belingard who is leaving the group over “strategic differences,” the company said in an e-mailed statement. The shares rose less than 0.1 percent to 25 euros.
Netgem SA (NTG FP): The supplier of set-top television boxes said third-quarter revenue rose to 32.9 million euros from 30.6 million euros a year earlier. The company said full-year sales will be about unchanged from 2009. The shares increased 2.8 percent to 3.32 euros.
Pennon Group Plc (PNN LN): The water supplier in southwest England was raised to “overweight” from “neutral” at HSBC Holdings Plc. The stock advanced 0.7 percent to 587 pence.
Punch Taverns Plc (PUB LN): The largest U.K. pub owner is scheduled to report full-year earnings. The company may report full-year profit excluding some items of 14.7 pence a share, according to the average of 19 estimates compiled by Bloomberg. The shares fell 0.5 percent to 89.95 pence.
Rodriguez Group (ROD FP): The French luxury-yacht maker named Eric de Saintdo as chief executive officer and said Gerard Rodriguez will remain chairman. The shares dropped 0.4 percent to 5 euros.
Safran SA (SAF FP): Areva SA (CEI FP) said it has started a sale of as many as 15.4 million shares it holds in Safran, representing 3.65 percent of the company’s capital. Safran rose 1.8 percent to 20.60 euros.
Severn Trent Plc (SVT LN): The utility was raised to “neutral” from “underweight” at HSBC Holdings Plc. The stock rose 0.4 percent to 1,332 pence.
United Utilities Group Plc (UU/ LN): Britain’s largest publicly traded water company was downgraded to “neutral” from “overweight” at HSBC Holdings Plc. The shares were unchanged at 587 pence.
WPP Plc (WPP LN): The world’s largest advertising company may say as early as this week that Solomon Trujillo and Li Ruigang will join the company as non-executive directors, Sky News City Editor Mark Kleinman wrote today in a blog on Sky’s website, without attribution. The stock climbed 0.7 percent to 702 pence.
To contact the reporter on this story: Tara Lachapelle in New York at email@example.com
To contact the editor responsible for this story: Nick Baker at firstname.lastname@example.org