Sept. 6 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index fell 4.1 percent to 223.45. The Stoxx 50 Index dropped 4.3 percent to 2,108.04. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, declined 5.1 percent to 2,107.27.
Allianz SE (ALV GY): Europe’s biggest insurer may focus on Brazil for further growth at its industrial unit, Boersen-Zeitung reported, citing division chief Axel Theis. The shares dropped 6.1 percent to 63.85 euros.
BP Plc (BP/ LN): Chief Executive Officer Robert Dudley said investors want “clarity and certainty” after Russian bailiffs raided the Moscow office and Halliburton Co. (HAL US) filed suit over the Gulf of Mexico oil spill last year. The shares fell 3 percent to 363.20 pence.
Caja de Ahorros del Mediterraneo (CAM SM): The Spanish savings bank taken over by the Bank of Spain posted a 1.14 billion-euro ($1.6 billion) first-half loss, highlighting the deterioration of a lender the government wants to sell. The shares fell 9.5 percent to 1.90 euros.
Commerzbank AG (CBK GY): Martin Blessing, chief executive officer of Germany’s second-largest lender, said he doesn’t expect it to become the takeover target of another bank, Handelsblatt reported. The stock declined 5.9 percent to 1.81 euros.
Dexia SA (DEXB BB): Belgium’s largest bank by assets said it named Jos Clijsters chairman of the management committee at Dexia Bank Belgium, succeeding Stefaan Decraene, who is leaving to join another bank. Dexia dropped 4.8 percent to 1.47 euros.
Ryanair Holdings Plc (RYA ID): Europe’s biggest discount carrier canceled 200 flights to and from Italy due to plans for a general strike, the carrier said in an e-mailed statement. The CGIL labor union has called a strike to protest the austerity measures approved by Italy’s government last month. The stock dropped 4.2 percent to 2.95 euros.
Schneider Electric SA (SU FP): Chairman Henri Lachmann said the French maker of low- and medium-voltage equipment has “no relocation plans.” He spoke on BFM radio, following a report in French newspaper Liberation that the company had shelved a plan to eliminate 1,000 temporary jobs and relocate work abroad. The shares shed 6.6 percent to 41.10 euros.
Telefonica SA (TEF SM): The nation’s largest telephone operator named Santiago Fernandez Valbuena to head the Latin American unit amid a revamp that aims to spur sales from its fastest-growing businesses and ends the independence of the struggling Spanish division. The shares fell 4.3 percent to 13.50 euros.
Tessi SA (TES FP): The data processing company said first-half net income fell to 12.6 million euros from 13.2 million euros. The shares fell 0.6 percent to 62 euros.
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