Bouygues, D’Ieteren, Fraport, RBS: Europe Equity Preview
Shares of the following companies may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index (SXXP) gained 0.2 percent to 264.33. The Stoxx 50 Index (SX5P) rose less than 0.1 percent to 2,481.64. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, advanced 0.3 percent to 2,519.72.
Bouygues SA (EN) : The French building, television and telecommunications company reported a 2011 profit that beat analyst estimates and said revenue this year will fall by 1 percent, led by its mobile-phone business. Bouygues fell 0.2 percent to 24.39 euros.
D’Ieteren SA (DIE) : The owner of the world’s biggest vehicle-glass replacement company forecast pretax profit excluding one-time items from continued operations will drop about 25 percent from 305.8 million euros ($411.6 million) last year, according to a statement on its website. The shares rose 3.1 percent to 40.64 euros.
Fiat SpA (F) : Sergio Marchionne, chief executive officer of the Italian carmaker that controls Chrysler Group LLC, said a “a number” of parties have expressed interest in taking part in a lending venture with the U.S. company. Fiat rose 0.2 percent to 4.47 euros.
Fraport AG (FRA) (FRA GY): Frankfurt airport’s air traffic controllers have been barred from striking in support of ground control workers by a labor court in the city. A solidarity strike would be “disproportionate,” the court said, as it approved an injunction requested by the airport’s owner, Fraport, Deutsche Lufthansa AG (LHA) (LHA GY) and DFS Deutsche Flugsicherung GmbH against the Gewerkschaft der Flugsicherung union. Fraport fell 0.1 percent to 47 euros.
Grupo Empresarial Ence SA (ENC) : The Spanish pulp producer’s 2011 net profit fell 36 percent from a year ago to 41.2 million euros, the company said in a filing to regulators. Grupo Empresarial were unchanged at 1.97 euros.
Royal Bank of Scotland Group Plc (RBS LN): Britain’s biggest publicly owned lender is challenging a court order obtained by Canada’s Competition Bureau compelling the bank to turn over documents related to an alleged conspiracy to manipulate prices on interest-rate derivatives. RBS rose 1.4 percent to 28.32 pence.
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