Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Banco Santander, Nestle, Puma: European Equity Preview

The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 2.3 percent to 251.75. The Stoxx 50 Index decreased 2 percent to 2,377.65. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, lost 2.9 percent to 2,244.83.

Banco Comercial Portugues SA (BCP PL): Portgual’s second-biggest publicly traded bank by market value restated its 2011 net loss due to higher impairments related to its Greek government bond holdings after deciding to participate in the country’s debt restructuring. The shares were unchanged at 11 euro cents.

Banco Santander SA (SAN SM): Spain’s largest lender has asked investment banks for proposals to list its Mexico unit on the country’s stock exchange in six months to a year, The Wall Street Journal reported on its website. The shares fell 1.5 percent to 4.68 euros.

GDF Suez SA (GSZ FP): Price freezes for power and natural gas tariffs in Belgium will hurt the operator of atomic reactors’ earnings, according to Vice-Chairman Jean-Francois Cirelli. About 100 million euros will be shaved from 2012 earnings before interest, taxes, depreciation and amortization, Cirelli said on a conference call today. The shares dropped 2.7 percent to 18.19 euros.

Nestle SA (NESN VX): The world’s biggest food company, which agreed to buy Pfizer Inc.’s (PFE US) infant-nutrition unit, may sell as much as $1.8 billion of the acquired assets as antitrust concerns in countries such as Mexico force divestitures, according to people with knowledge of the matter. The shares decreased 2.8 percent to 55.50 Swiss francs.

Puma SE (PUM GY): The German sporting-goods manufacturer was downgraded to sell from hold at Bankhaus Lampe. The shares declined 0.9 percent to 265 euros.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.