European Movers: Alcatel-Lucent, Soc Gen, Ericsson

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was up €0.50 to €33.70... Signs agreement with Barclays - the company has signed a bancassurance deal with Barclays to sell life and pension products at the British bank's branches in Italy.

ITALCEMENTI was down €0.28 to €12.64... To exit DJ Stoxx 600 on 24 December - Effective with the open of European markets on December 24, 2007 the company will exit the Dow Jones STOXX 600. A total of 14 stocks will be added to the index and 14 stocks will exit.

Nordic

ERICSSON (ERIC) was down SEK1.32 to SEK14.68... The brokers adjust target after lower guidance - JP Morgan cuts target to SEK16 from SEK19.16, keeps neutral. WestLB upgrades to buy from hold and keeps price at SEK 20.90. Separately, Reuters reports citing research company Dell'Oro Group, that the company 's market share for mobile networks, GSM and WCDMA has decreased to 41.1% in third quarter (vs 48.1% q/q).

SKANSKA was down SEK1.25 to SEK116.75... Books SEK2.75 billion Subway contract in NY - the company says it has been selected by MTA New York City to expand part of Subway Line 7 in New York. The total value of the contract is SEK7.8 billion in which the company has a 35% share, representing SEK2.75 billion.

Spain

IBERDROLA was down €0.26 to €11.39... To sell 20% of its renewable energy unit - the company may raise as much as EUR 5.9 billion from an IPO of 20% of it's renewable energy business, according to a filing post market last night.

IBERIA was down €0.06 to €3.43... CM won't sell its 17% stake - press - Caja Madrid reportedly said it won't sell its 17% stake in the company Caja Madrid wants to replace UK's British Airways as the company 's main industrial partner and invite Deutsche Lufthansa to become the strategic partner, El Confidential says.

Switzerland

CS GROUP (CS) was down CHF2.10 to CHF62.30... Goldman Sachs cuts to conviction sell - Goldman Sachs downgrades to sell from neutral and lowers price target to CHF68.5 from CHF82.3. Adds the stock to its conviction sell list as well. The broker has adjusted its forecasts to take account of lower anticipated global growth and continued skepticism over the value of capital markets businesses.

This content is written by S&P MarketScope Europe (EMS), an equity newswire. Reporters are: Pawan Girglani, Emma Gonzalez, Julien Manrique, Sara Oscarsson, Rocio Opazo-Aniotz, Gaurav Panchal, Claudia Perotti, Michael Sanderson, Emma Stevenson, John West, Isabell Witt .