Acotel, Duvel, Eurazeo, Natixis, Sol, Synergie: European Equity Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses and prices are from the last close.
The Stoxx Europe 600 Index fell 0.3 percent to 261.48. The Stoxx 50 Index decreased 0.3 percent to 2,536.37. The Euro Stoxx 50 Index, a benchmark for nations using the euro, lost 0.2 percent to 2,819.34.
Acotel Group SpA (ACO IM): The maker of software for mobile phones said its first-half net loss widened to 6.6 million euros ($8.7 million) from 727,000 euros a year earlier. The stock fell 2.3 percent to 50.10 euros.
Archos (JXR FP): The maker of portable music and video players said its first-half loss narrowed to 3.2 million euros from 5.1 million euros a year earlier. The shares rose 0.2 percent to 4.13 euros.
Banco Espirito Santo SA (BES PL): The lender’s stress test results are scheduled to be announced on Aug. 6. The Bank of Portugal on July 23 announced that parent company Espirito Santo Financial Group SA passed the tests. Banco Espirito Santo, Portugal’s biggest publicly traded bank by market value, rose 0.3 percent to 3.81 euros.
Cegedim SA (CGM FP): The company that supplies sales- tracking software for drugmakers including Pfizer Inc. said second-quarter revenue rose to 243.2 million euros from 225.5 million euros a year earlier. The shares dropped 0.3 percent to 56 euros.
Duvel Moortgat NV (DUV BB): The brewer of Duvel and La Chouffe beers agreed to buy Brouwerij De Koninck for an undisclosed amount to obtain Belgium’s best-known amber-colored pale ale, 63 pubs and a beer distributor in the country. Duvel Moortgat declined 0.2 percent to 62.85 euros.
Eurazeo SA (RF FP) France’s largest publicly traded private equity firm extended exclusive talks to sell its B&B Hotels unit to Carlyle Group after the latter met “certain” financing conditions. The companies expect to complete the transaction by Oct. 12, subject to regulatory approval, and the sale will be based on an estimated enterprise value of 485 million euros. The shares rose 0.5 percent to 51.24 euros.
Hill & Smith Holdings Plc (HILS LN): The supplier of motorway barriers to U.K. construction companies was cut to “neutral” from “buy” at Arbuthnot Securities. The shares rose 3.5 percent to 300 pence.
Natixis SA (KN FP): The investment-banking unit of France’s second-biggest bank by branches, had second-quarter net income of 522 million euros, compared with a year-earlier loss of 819 million euros. The shares lost 1.2 percent to 4.29 euros.
Pininfarina SpA (PINF IM): The designer of sports cars cut its earnings forecast for 2010, saying it expects its net loss to widen from last year. The first-half net loss widened to 29.5 million euros, Pininfarina said in a statement sent through the Italian exchange. Shares added 1 percent to 1.69 euros.
ProSiebenSat.1 Media AG (PSM GY): Germany’s biggest private broadcaster was raised to “hold” from “sell” at Close Brothers. The shares rose 3.6 percent to 14.55 euros.
Rio Tinto Group (RIO LN): The world’s third-largest mining company shelved the planned sale of its Alcan cable unit to Platinum Equity LLC and is waiting for the market to improve before reconsidering the plan. Rio Tinto’s stock climbed 0.5 percent to 3,430 pence.
Sol Melia SA (SOL SM): The world’s largest resort operator said it signed a 252 million euro ($332 million) facility allowing it to postpone debt payments due in 2011 and 2012 by two years. The shares fell 0.6 percent to 6.60 euros.
Synergie SA (SDG FP): The temporary-employment agency said first-half revenue rose to 548.4 million euros from 429.6 million euros a year earlier. The shares rose 0.4 percent to 19.47 euros.
Unipol Gruppo Finanziario SpA (UNI IM): Italy’s fourth- biggest insurer said first-half net income fell to 2.8 million euros from 56.8 million euros a year earlier. Shares dropped 1.1 percent to 57 cents.