Banco BPI, Barclays, BP, Peugeot: European Equity PreviewJoseph Ciolli
The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index fell 0.5 percent to 266.92. The Stoxx 50 Index decreased 0.5 percent to 2,493.65. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, dropped 0.6 percent to 2,525.21.
Banco BPI SA (BPI PL): Portugal’s fifth-biggest bank restated its 2011 net loss on higher impairments related to its Greek government bond holdings. The bank said the loss was 284.9 million euros ($380 million) last year, compared with the 203.9 million-euro loss previously reported. The shares increased 0.8 percent to 51 euro cents.
Barclays Plc (BARC LN): The British bank hired Raul Martinez-Ostos, who previously worked at Deutsche Bank AG (DBK GY), as head of its Mexican operations. The shares gained 1.5 percent to 251.35 pence.
BP Plc (BP/ LN): Europe’s second-largest oil company shut the No. 3 alkylation unit at its Texas City, Texas, refinery after it leaked an estimated 100 pounds of hydrofluoric acid. The shares fell 2.2 percent to 471.35 pence.
PSA Peugeot Citroen SA (UG FP): Europe’s second-biggest carmaker will probably decide to combine the German headquarters of Peugeot and Citroen in coming days, Handelsblatt reported, citing an unidentified person familiar with the matter. The shares decreased 1.3 percent to 12.63 euros.
SABMiller Plc (SAB LN): The world’s second-largest brewer by volume, which bought Foster’s Group Ltd. last year, said it plans to increase profit margins at the Australian beermaker and carve out greater-than-expected cost savings from the deal. The shares declined 0.9 percent to 2,568.50 pence.