Nov. 9 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 0.9 percent to 240.50. The Stoxx 50 Index gained 0.9 percent to 2,286.59. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, advanced 1.2 percent to 2,303.20.
ArcelorMittal (MT NA): Standard & Poor’s lowered its credit outlook for the world’s biggest steelmaker to “negative” from “stable,” citing risk that the “near-term industry environment will weaken.” The shares gained 0.7 percent to 14.77 euros.
EVS Broadcast Equipment SA (EVS BB): The world’s biggest supplier of digital disk recorders for outside broadcast trucks won a contract to supply the host broadcaster of the 2012 Olympic Games in London with XT3 servers and IPDirector software. The shares advanced 1.5 percent to 37.56 euros.
GlaxoSmithKline Plc (GSK LN): The U.K.’s largest drugmaker, which has agreed to pay $3 billion to resolve claims it illegally marketed its Avandia diabetes drug, is facing a judge’s push to resolve most of the remaining patient lawsuits over the medication. The judge set a 75-day deadline to resolve 85 percent of remaining cases. The shares rose 1.3 percent to 1,390 pence.
KBC Groep NV (KBC BB): The banking arm of Belgium’s biggest bank and insurer by market value plans to offer compensation to clients who bought five-year structured notes in 2008 linked to the government debt of Belgium, France, Italy, Spain and Greece should a credit event in any of the five countries occur before maturity. The shares slipped 0.9 percent to 13.36 euros.
M6-Metropole Television SA (MMT FP): France’s second-largest commercial television company said third-quarter revenue fell to 298.6 million euros from 317.6 million euros. The shares lost 0.3 percent to 11.80 euros.
Mediaset SpA (MS IM): The broadcaster controlled by Italian Prime Minister Silvio Berlusconi posted a profit in the third quarter because of the absence of charges related to investments. The Milan-based company reported net income of 2.2 million euros ($3 million), missing the average analyst estimate of 2.42 million euros. The shares lost 2.9 percent to 2.51 euros.
Phoenix Solar AG (PS4 GY): The German solar power company was cut to “hold” from “buy” at Close Brothers Seydler Research AG, which cited a six-month price estimate of 6.10 euros a share. The shares slumped 3.2 percent to 5.42 euros.
Porsche AG (PAH3 GY): The German sports-car maker was raised to “hold” from “sell” at Independent Research GmbH, which cited a six-month price estimate of 46 euros a share. The shares increased 0.5 percent to 44.09 euros.
Vivendi SA (VIV FP): The French media group’s Universal Music Group may complete talks as early as this week to buy EMI Group’s recorded-music unit from Citigroup Inc. (C US), the Wall Street Journal reported, citing unnamed people familiar with the matter. Vivendi shares rose 1.1 percent to 15.93 euros.
To contact the reporter on this story: Kaitlyn Kiernan in New York at email@example.com
To contact the editor responsible for this story: Nick Baker at firstname.lastname@example.org