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Ashmore Group, Boiron, Eutelsat, TalkTalk: Europe Equity Preview

Sept. 8 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index rose 3.1 percent to 228.84. The Stoxx 50 Index gained 2.7 percent to 2,148.86. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, increased 3.4 percent to 2,151.16.

Ashmore Group Plc (ASHM LN), a London-based fund manager, and Bunzl Plc (BNZL LN), the world’s largest distributor of disposable tableware, are being added to the FTSE 100 Index, while John Wood Group Plc (WG/ LN) and 3i Group Plc (III LN) will be deleted. FTSE Group, the index compiler in London, announced the changes in a press release.

Ashmore rose 0.7 percent to 400.90 pence, Bunzl climbed 1.9 percent to 800 pence, while John Wood jumped 3.2 percent to 573 pence and 3i added 3.2 percent to 203.30.

Boiron SA (BOI FP): The maker of homeopathic drugs was cut to “sell” from “buy” at Arkeon Finance, with a price estimate of 28 euros. The shares fell 25 percent to 20.10 euros.

BioAlliance Pharma (BIO FP): The drugmaker specializing in cancer and HIV treatment said it is taking back full control of rights in the U.S. for Oravig. The company said its sees no significant impact on revenue from the regained rights. Separately, it said it won French approval for Livatag Phase III. The shares rose 3.7 percent to 3.94 euros.

Eutelsat SA (ETL FP): The satellite operator said it signed a commercial accord with Eser Telekom in Turkey. The shares rose 4.3 percent to 30.86 euros.

Korian (KORI FP): The operator of retirement homes in France said first-half net income fell 28 percent to 5.8 million euros. Sales rose 9.7 percent to 485.6 million euros. The shares declined 1 percent to 14.50 euros.

TalkTalk Telecom Group Plc (TALK LN): The U.K.’s second-largest broadband company said it’s closing its operation in Waterford, Ireland, and is entering into a 30-day consultation period with the 575 workers based there. The shares were unchanged at 130 pence.

To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net

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