Bloomberg News

Aperam, Louis Vuitton, Nyrstar, SAP: European Equity Preview

July 27, 2011

July 27 (Bloomberg) -- Shares of the following companies may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 0.4 percent to 270.08. The Stoxx 50 Index declined 0.2 percent to 2,550.66. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, dropped 0.1 percent to 2,739.65.

Aperam (APAM NA): The stainless-steel maker spun off by ArcelorMittal said second-quarter net income fell to $2 million from $66 million a year earlier and forecast earnings will reach a trough in the current quarter. Aperam decreased 2.4 percent to 20.16 euros.

GlaxoSmithKline Plc (GSK LN): The pharmaceutical company’s Chief Executive Officer Andrew Witty said valuations on acquisitions have “gone a little nuts” and that he would rather give money back to shareholders than spend too much on buying companies. The stock gained 0.7 percent to 1,373 pence.

Icade (ICAD FP): The commercial property arm of France’s Caisse des Depots et Consignations said profit excluding certain items rose 23 percent in the first half on higher sales at its homebuilding unit. The shares slipped 0.2 percent to 83.32 euros.

LVMH Moet Hennessy Louis Vuitton SA (MC FP): The world’s largest maker of luxury goods reported first-half profit that beat analysts’ estimates and said it will pay an interim dividend of 80 cents a share on Dec. 2. Net income climbed 25 percent to 1.31 billion euros. The average estimate of five analysts compiled by Bloomberg was for profit of 1.25 billion euros. The shares slipped 0.4 percent to 130 euros.

M6-Metropole Television SA (MMT FP): France’s second- largest commercial television company said first-half profit climbed 8.4 percent to 91.5 million euros. The shares climbed 0.8 percent to 15.75 euros.

Nyrstar NV (NYR BB): The world’s biggest producer of refined zinc may say first-half profit excluding some items of 30 cents a share, according to the average of four analyst estimates compiled by Bloomberg. The shares were unchanged at 9.76 euros.

Royal Bank of Scotland Group Plc (RBS LN): The U.K.’s biggest government-owned lender hired David Havens as a credit analyst from Nomura Holdings Inc. as the bank boosts its corporate-debt effort, according to two people familiar with the matter. The stock declined 0.3 percent to 36.17 pence.

Ryanair Holdings Plc (RYA ID): Europe’s largest discount carrier said Chief Executive Officer Michael O’Leary’s pay rose to 1.04 million euros ($1.51 million) last year as his bonus doubled. The shares fell 1.5 percent to 3.35 euros.

SAP AG (SAP GY): The largest maker of business-management software said second-quarter net income rose 20 percent to 588 million euros ($853.6 million). The shares rose 3.6 percent to 43.49 euros.

Societe Television Francaise 1 (TFI FP): The owner of France’s most-watched TV channel is in talks with telephone companies to offer its pay channels including all-news LCI for free, Le Figaro reported, citing Chief Executive Officer Nonce Paolini. The shares rose 7.5 percent to 13.68 euros.

--With assistance from Naomi Kresge in Berlin, John Martens in Brussels, Jurjen van de Pol in Amsterdam, Blanche Gatt in London and Albertina Torsoli and Tara Patel in Paris. Editor: Stephen Kleege

To contact the reporter on this story: Victoria Taylor in New York at vtaylor6@bloomberg.net

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


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