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Axel, Barclays, Gecina, Rolls-Royce: European Equity Preview

Oct. 7 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index advanced 2.7 percent to 230.27. The Stoxx 50 Index rose 2.5 percent to 2,205.62. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, gained 3.2 percent to 2,248.78.

Axel Springer AG (SPR GY): The media company’s possible bid to buy WAZ Media Group’s stake in Kronen Zeitung newspaper could be blocked by the Dichand family, which owns half of Kronen Zeitung, German newspaper Handelsblatt said in a preview of an article for tomorrow’s edition. The shares surged 5.2 percent to 26.35 euros.

Barclays Plc (BARC LN): Officials of Del Monte Foods Co. and Barclays Plc agreed to pay $89.4 million to settle investor lawsuits over a $5.3 billion buyout of the pet-food maker by a group of private-equity firms. The stock surged 8 percent to 167.85 pence.

Continental AG (CON GY): The world’s fourth-largest tiremaker plans to spend more than $500 million to build a new tire factory at Sumter, South Carolina, to meet increasing demand. The stock jumped 5.1 percent to 44.74 euros.

Gecina SA (GFC FP): The French real-estate investment company said it will focus on asset sales in residential property to help accelerate debt payments. The company’s board plans to speed up the payments to creditors by selling 500 million euros of residential real estate assets. The shares rose 5.2 percent to 67 euros.

Gulf Keystone Petroleum Ltd. (GKP LN): The oil and gas exploration company wants to sell its stakes in an Algerian project and an energy concession in Iraq’s Kurdish region, a company official said. The shares fell 0.4 percent to 133 pence.

HSBC Holdings Plc (HSBA LN): The London-based bank sold $500 million of bonds backed by U.K. credit cards that were priced to yield 75 basis points more than Libor, according to a banker involved in the deal. The stock jumped 5.1 percent to 509.8 pence.

International Consolidated Airlines Group SA (IAG SM, IAG LN): The owner of British Airways and Iberia will launch a new subsidiary called Iberia Express for summer 2012 in a bid to boost margins on short- and medium-haul flights. The shares rose 1 percent to 1.82 euros in Madrid and gained 1.7 percent to 158.7 pence in London.

LDC SA (LOUP FP): The poultry processor said second-quarter revenue rose 9.1 percent to 655.2 million euros. The shares rose 0.4 percent to 70.29 euros.

Prosegur Compania de Seguridad SA (PSG SM): The security company said it would pay a second dividend of 21.29 euro cents per share on Oct. 17. The shares rose 2.5 percent to 32.34 euros.

Rolls-Royce Holdings Plc (RR/ LN): The world’s second-largest maker of jet engines got a 1 billion-pound ($1.5 billion) loan from 23 banks to refinance two existing facilities, according to a statement from lenders led by Bank of Tokyo-Mitsubishi UFJ, Ltd. The shares jumped 3.5 percent to 615.5 pence.

Smurfit Kappa Group Plc (SKG ID): The packaging company’s Chief Executive Gary McGann said demand at its European business may be “soft” in the second half. The stock rose 0.7 percent to 4.28 euros.

To contact the reporter on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net.

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

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