CSM, Ferrovial, Renault, Vopak, SEB: European Equity Preview
Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 0.3 percent to 281.23. The Stoxx 50 Index advanced 0.3 percent to 2,634.74. The Euro Stoxx 50 Index, a benchmark for nations using the euro, climbed 0.7 percent to 2,955.36.
Banco Comercial Portugues SA (BCP) : Portugal’s second- biggest publicly traded bank by market value is scheduled to report first-quarter earnings after the close of trading. The lender may say net income dropped 23 percent to 74 million euros, according to the median estimate of four analysts in a Bloomberg survey. The stock gained 0.4 percent to 53 euro cents.
CSM (CSM) NV: The world’s largest maker of bakery ingredients may report first-quarter sales of 725 million euros ($1.06 billion), according to the average estimate of three analysts surveyed by Bloomberg. CSM dropped 0.4 percent to 25.81 euros.
HSBC Holdings Plc (HSBA) : Europe’s largest bank said it will eliminate jobs in the Middle East and Africa. Less than 3 percent of its 12,000-strong workforce in the region will be affected, the bank said in an e-mailed statement. The shares were unchanged at 659.6 pence.
Ferrovial SA (FER) : The owner of BAA Ltd. will report first-quarter earnings before the market opens. The company may say sales fell to 2.22 billion euros ($3.25 billion) from 2.63 billion euros a year earlier, according to the median estimate of four analysts surveyed by Bloomberg. The shares rose 0.6 percent to 9.28 euros.
Royal DSM NV (DSM NA): The world’s largest vitamin maker may report first-quarter net income of 127 million euros, according to the average estimate of four analysts surveyed by Bloomberg. DSM dropped 0.2 percent to 43.42 euros.
Royal Vopak NV (VPK NA): The world’s biggest chemical and oil storage company is scheduled to give a first-quarter trading update. Vopak retreated 0.1 percent to 33.35 euros.
SEB SA (SK) : The maker of Tefal, Rowenta and Krups-brand household appliances said first-quarter sales rose 16 percent to 890 million euros, boosted by increases in South America and the Asia-Pacific region. The shares rose 0.8 percent to 73.36 euros.
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