April 23 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 0.5 percent to 257.79. The Stoxx 50 Index increased 0.8 percent to 2,425.04. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, climbed 1.2 percent to 2,311.27.
Aviva Plc (AV/ LN): The U.K.’s second-biggest insurer by market value mistakenly sent an e-mail dismissing its entire staff at its investment unit before retracting the message. The shares increased 2 percent to 305.50 pence.
Axa SA (CS FP): Europe’s biggest insurer won’t need to raise fresh capital to meet tougher regulatory requirements that kick in in 2014, Chief Executive Officer Henri de Castries said in an interview with Investir newspaper. The shares rose 3.6 percent to 10.70 euros.
Balda AG (BAF GY): The German plastic components maker may divest its electronic-products unit if the restructuring of the division hasn’t been successful by the end of this year, Euro am Sonntag said, citing an interview with Chief Executive Officer Dominik Mueser. The shares fell 4.5 percent to 5.80 euros.
Bankia SA (BKIA SM): Spain’s third-biggest bank’s Chief Executive Officer Francisco Verdu said the bad loans ratio will continue to grow to a peak later this year, ABC reported, citing an interview. The shares rose 0.2 percent to 2.55 euros.
Benetton Group SpA (BEN IM): Italy’s largest clothing company’s Chairman Luciano Benetton will be succeeded by his son, Alessandro, Corriere della Sera said, citing an interview. The shares were unchanged at 4.59 euros.
Deutsche Lufthansa AG (LHA GY): Europe’s second-biggest airline plans cost savings of almost one billion euros ($1.3 billion), Sueddeutsche Zeitung reported, citing a letter from Chief Executive Officer Carsten Spohr to employees. The shares rose 0.5 percent to 9.88 euros.
Hiscox Ltd (HSX LN): The second-biggest Lloyd’s of London insurer by market value, plans to name Chief Underwriting Officer Robert Childs as chairman, the Sunday Times reported, without saying where it got the information. The shares rose 1 percent to 406.6 pence.
Renault SA (RNO FP): The French carmaker may get more than half of its sales outside Europe this year, Investir said, citing an interview with Chief Executive Officer Carlos Ghosn. The shares fell 0.84 percent to 35.50 euros.
UniCredit SpA (UCG IM): Bank Austria AG, a unit of Italy’s biggest bank, lost a Zurich retrial over German demands for repayment of more than 245 million euros linked to the former East German Communist Party. The shares increased 0.3 percent to 2.99 euros.
Unipol Gruppo Finanziario SpA (UNI IM): Italy’s third-biggest insurer may lower the swap ratio in a planned merger with Fondiaria-SAI SpA to control 60 percent to 65 percent of the company once the deal is completed, il Messaggero reported. The shares fell 7.3 percent to 21.98 euros.
Vodafone Group Plc (VOD LN): The world’s biggest mobile-phone company will offer about 1.1 billion pounds ($1.8 billion) for U.K. fixed-line network operator Cable & Wireless Plc, the Sunday Telegraph reported. The shares fell 0.5 percent to 171.5 pence.
Volkswagen AG (VOW GY): The world’s second-largest carmarker’s Bentley Motors brand said China became its biggest market during the first quarter after sales in the country surpassed deliveries in the U.S. for the first time.
Separately, the German carmaker’s Lamborghini unit unveiled its first sport-utility vehicle in almost two decades as the Italian supercar maker looks to expand its lineup to tap rising demand from emerging markets. The shares fell 2.1 percent to 113.10 euros.
To contact the reporter on this story: Joseph Ciolli in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Baker at email@example.com