Bloomberg News

BSkyB, HSBC, L’Oreal, Royal Dutch Shell: Europe Equity Preview

July 13, 2011

July 13 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 0.6 percent to 268.16. The Stoxx 50 Index lost 0.6 percent to 2,527.06. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, declined 0.6 percent to 2,693.53.

ASML Holding NV (ASML NA): Europe’s biggest semiconductor- equipment maker may say second-quarter net income increased to 411.6 million euros ($576.4 million), according to the average estimate of 17 analysts surveyed by Bloomberg. The shares fell 3 percent to 25.70 euros.

Belvedere SA (BVD FP): Jacques Rouvroy, chief executive officer of the vodka maker, was fined 100,000 euros ($140,000) by France’s financial-markets regulator for manipulating the company’s stock price. The shares declined 4.2 percent to 51.35 euros.

British Sky Broadcasting Plc (BSY LN): Prime Minister David Cameron’s coalition government will support an opposition Labour Party motion calling for News Corp. to withdraw its bid to take full control of British Sky Broadcasting Group Plc. The shares dropped 3.3 percent to 692 pence.

European Aeronautic, Defence & Space Co. (EAD FP): Louis Gallois, chief executive officer for the parent company of Airbus SAS, said in an interview that the planemaker will continue to ramp up jetliner production “progressively” as orders climb. The shares rose 0.7 percent to 23.20 euros.

HSBC Holdings Plc (HSBA LN): Europe’s biggest bank’s Turkey unit had its standalone bank financial strength rating cut to D+ from C- by Moody’s Investors Service, which cited a combination of “poor asset quality,” continuing contraction of loans market share and “moderate profitability and efficiency ratios.” The shares fell 1.5 percent to 606.2 pence.

L’Oreal SA (OR FP): The world’s largest cosmetics maker said second-quarter sales rose 0.9 percent to 4.99 billion euros and it expects to outpace the market in 2011. The shares fell 0.7 percent to 87.89 euros.

Royal Bank of Scotland Plc (RBS LN): The U.K.’s biggest government-owned lender is proposing the separation of “casino banking” to a U.K. government commission, Sky News reported today without saying where it obtained the information.

Separately, Better Capital Ltd. said today that a company wholly owned by BECAP Fund LP reached a formal agreement with the Royal Bank of Scotland Plc to acquire a majority stake in Masco 30 Limited, a new company set up for the purpose of acquiring 100 percent of the share capital of Fairline Boat Acquisitions Ltd. and its subsidiaries. The shares gained 0.8 percent to 35.99 pence.

Royal Dutch Shell Plc (RDSA LN): Europe’s largest oil company expects to receive by mid-October all U.S. Environmental Protection Agency air permits it needs to start drilling off Alaska’s coast next year, company Vice President Pete Slaiby said. The stock retreated 1.6 percent to 2,209 pence.

Vet’Affaires (VET FP): The clothing company said first-half sales rose 14 percent to 69.5 million euros. The shares gained 0.7 percent to 34.49 euros.

--Editor: Stephen Kleege

To contact the reporter on this story: Victoria Stilwell in New York at vstilwell@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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