Anheuser-Busch, Edison, Iberdrola, IMI: European Equity Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index dropped 0.7 percent to 282.76. The Stoxx 50 Index declined 0.6 percent to 2,675.75. The Euro Stoxx 50 Index (SX5E), a benchmark for nations using the euro, fell 0.8 percent to 2,958.80.
Ackermans & van Haaren NV (ACKB BB): The investment firm with holdings in dredging, banking, real estate and private-equity industries may say full-year net income rose 39 percent to 163.3 million euros, according to the average estimate of four analysts surveyed by Bloomberg. Ackermans & van Haaren fell 1.5 percent to 63 euros.
AMEC Plc (AMEC) : The London-based oil and gas engineer may report full-year net income of 193.2 million pounds, according to the average of six estimates compiled by Bloomberg. The shares dropped 1.7 percent to 1,129 pence.
Anheuser-Busch InBev NV (ABI) : The brewer of Bud Light and Stella Artois may say fourth-quarter net income declined to $1.22 billion, the average of nine analyst estimates compiled by Bloomberg, from $1.28 billion a year earlier. AB InBev dropped 2.3 percent to 40.17 euros.
Aviva Plc (AV/) : The U.K.’s second-biggest insurer report full-year net income of 1.8 billion pounds, according to the average of nine estimates. The shares fell 1.5 percent to 449.7 pence.
Balfour Beatty Plc (BBY) : Britain’s biggest builder may report full-year net income of 187.8 million pounds, according to the average of four estimates. The shares declined 1.1 percent to 341.5 pence.
Cobham Plc (COB) : The world’s largest maker of airborne-refueling equipment may report full-year net income of 209.5 million pounds, according to the average of two estimates gathered by Bloomberg. The stock dropped 4.4 percent to 208.9 pence.
Edison SpA (EDN IM): The Italian government approved a final decree for the construction of the Galsi gas pipeline linking Italy with Algeria, Radiocor reported, without saying where it got the information. Galsi is owned by Algeria’s Sonatrach, Italy’s Edison and other partners. Edison fell 1.3 percent to 88.55 cents.
EDP-Energias de Portugal SA (EDP PL): Portugal’s biggest utility is scheduled to report fourth-quarter earnings after the close of trading in Lisbon on March 3. The stock rose 1.1 percent to 2.77 euros.
Enel SpA (ENEL) : Italy’s largest utility plans to sell one or more bonds this year for as much as 1 billion euros. The stock retreated 0.3 percent to 4.26 euros.
Finmeccanica SpA (FNC) : Italy’s biggest defense company expects 2011 adjusted earnings before interest, tax, amortization and restructuring costs between 1.53 billion euros and 1.6 billion euros. Revenue is forecast between 18.3 billion euros and 19 billion euros. The shares lost 0.3 percent to 9.12 euros.
IMI Plc (IMI) : The world’s biggest maker of pneumatic controls may report full-year net income of 206.5 million pounds, according to the average of six estimates. The stock declined 0.2 percent to 885 pence.
Lloyds Banking Group Plc (LLOY) : Chief Executive Officer Antonio Horta-Osorio and Ana Cristina Horta-Osorio purchased 62,000 pounds ($100,000) of shares in the British lender. The shares gained 1.6 percent to 62.73 pence.
Parmalat SpA (PLT) : The dairy company said 2010 net income fell to 282 million euros ($391 million) from 519 million euros in 2009. That beat the 242 million-euro average estimate of seven analysts surveyed by Bloomberg. It also proposed an annual dividend of 3.6 cents a share, down from 6.3 cents last year, and a bonus-share issue of 1 new share for every 20 held. The stock dropped 0.4 percent to 2.24 euros.
Prysmian SpA (PRY) : The telecommunications and energy-cable company plans to report 2010 results. The stock increased 0.5 percent to 15.62 euros.
Royal Ahold NV (AH) : The owner of Stop & Shop supermarkets in the U.S. may say fourth-quarter net income fell to 241 million euros ($334 million), the average estimate of eight analysts surveyed by Bloomberg, from 265 million euros a year earlier. Ahold retreated 0.5 percent to 9.70 euros.
Royal BAM Groep NV (BAMNB) : The largest Dutch builder may report fourth-quarter net income of 45.9 million euros, according to the average of five analyst estimates compiled by Bloomberg. BAM gained 1 percent to 4.69 euros.
SA des Ciments Vicat (VCT FP): The cement, concrete and aggregate products company said 2010 net income rose to 203 million euros from 191 million euros a year earlier. The shares fell 0.4 percent to 61.76 euros.
Spirent Communications Plc (SPT) : The provider of testing gear for phone equipment may report full-year net income of 47.9 million pounds, according to the average of two estimates. The stock declined 2.9 percent to 155.3 pence.
Taylor Wimpey Plc (TW/) : The U.K.’s second-largest homebuilder by volume may report a loss of 4.8 million pounds for the year, according to the average of five estimates compiled by Bloomberg. The shares retreated 0.8 percent to 39 pence.
Unibail-Rodamco SE (UL) : Europe’s largest publicly traded property company purchased a stake in French real estate investor Societe Fonciere Lyonnaise for 106.5 million euros ($147.7 million). The shares fell 0.2 percent to 145.30 euros.
Wereldhave NV (WHA) : The Dutch property investor may report fourth-quarter per-share profit excluding some items of 1.29 euros, according to the average of four analyst estimates compiled by Bloomberg. Wereldhave decreased 0.4 percent to 73.27 euros.
To contact the editor responsible for this story: Nick Baker at email@example.com