Accor, Anglo American, Dior, UniCredit: European Equity Preview
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index lost 0.4 percent to 235.33. The Stoxx 50 Index slid 0.6 percent to 2,243.16. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, fell 0.4 percent to 2,306.81.
Accor SA (AC) : Europe’s largest hotel company reported third-quarter sales rose 2.7 percent, matching estimates, as more guests stayed at its economy hotels. The shares fell 0.1 percent to 22.08 euros.
Aeroports de Paris (ADP) : The operator of the Roissy and Orly airports handled 7.9 million passengers in September, up 6.1 percent from a year earlier. The stock slipped 0.6 percent to 57.94 euros.
Anglo American Plc (AAL) : The mining company is part owner of the world’s largest diamond producer, De Beers, which said rough diamond prices will probably fluctuate around current levels after increasing by more than a third this year, spurred by demand from China and India. The shares slid 1.5 percent to 2,270 pence.
Christian Dior SA (CDI) : The luxury fashion company reported revenue rose 15 percent to 17 billion euros in the first nine months of 2011 from a year earlier. The shares declined 0.8 percent to 93.42 euros.
Continental AG (CON) : Schaeffler Group, the roller- bearing maker that controls Continental AG, the world’s fourth- largest tiremaker, will have revenue “well in excess of 10 billion euros” ($13.7 billion) this year, Chief Executive Officer Juergen Geissinger said. Continental advanced 4.4 percent to 53.07 euros.
GlaxoSmithKline Plc (GSK) : The U.K.’s largest drugmaker’s experimental malaria vaccine safely reduced illness in African infants by more than half in a final-stage study published online by the New England Journal of Medicine. The shot, known as RTS,S, would be the first vaccine against malaria. Shares fell 0.6 percent to 1,368 pence.
Software AG (SOW) : Germany’s second-biggest maker of business software confirmed its full-year sales target and said third-quarter operating profit rose to at least 71 million euros from 69.1 million euros a year earlier. The shares fell 1.6 percent to 27.19 euros.
UniCredit SpA (UCG) : An Italian court seized 245 million euros in the Milan-based bank’s assets in a tax-evasion probe of an international investment plan arranged by Barclays Plc (BARC) . Former UniCredit Chief Executive Officer Alessandro Profumo and three people from London-based Barclays are being examined, said a person with direct knowledge of the inquiry. UniCredit shares gained 2.7 percent to 91 euro cents. Barclays fell 0.7 percent to 175.10 pence.
To contact the reporter on this story: Kaitlyn Kiernan in New York at email@example.com
To contact the editor responsible for this story: Nick Baker at firstname.lastname@example.org