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Air Liquide, BP, Imperial Tobacco: European Equity Preview

Dec. 2 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index lost 0.7 percent to 238.49. The Stoxx 50 Index fell 0.5 percent to 2,287.12. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, slipped 0.7 percent to 2,313.84.

Air Liquide SA (AI FP): The industrial gas producer was cut to “sell” from “hold” at Hamburger Sparkasse. The shares lost 2.1 percent to 91.95 euros.

BP Plc (BP/ LN): Europe’s second-biggest oil company agreed to sell its Canadian gas-liquids operations to Plains All American Pipeline LP (PAA US) for $1.67 billion in cash. BP shares fell 1.4 percent to 454.35 pence in London. Plains rose 1.7 percent to $65.98 in New York.

Imperial Tobacco Group (IMT LN): Europe’s second-biggest tobacco company will replace AXA SA (CS FP), the continent’s second-largest insurer, in the Stoxx Europe 50 Index and the Stoxx Global 150 Index, Stoxx Ltd. said in an e-mailed statement. The changes will be effective at the open of European markets on Dec. 19. Imperial Tobacco shares advanced 1 percent to 2,310 pence. AXA shares fell 2.1 percent to 10.50 euros.

Neopost SA (NEO FP): The supplier of mailroom equipment said third-quarter revenue rose 3.6 percent to 242 million euros. The Bagneux, France-based company narrowed its full-year sales growth forecast to 4.5 percent to 5.5 percent, from 4 percent to 6 percent earlier. The shares fell 2 percent to 51.56 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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