Bloomberg News

BMW, Grupo Ezentis, Lagardere, Theolia: European Equity Preview

September 01, 2011

Sept. 1 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index climbed 2.9 percent to 237.43. The Stoxx 50 Index rose 2.7 percent to 2,238.24. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, advanced 2.8 percent to 2,302.08.

Bayerische Motoren Werke AG (BMW GY): The carmaker will recall 120,000 diesel cars of its 1 and 5 Series worldwide over a potential filter defect. The shares increased 3.9 percent to 56.35 euros.

Grupo Ezentis SA (EZE SM): The telecommunications and construction company said it refinanced 20 million euros of loans to support its photovoltaic business. The shares jumped 4.4 percent to 19 euro cents.

Lagardere SCA (MMB FP): France’s biggest publisher said first-half profit fell as it paid more tax. Net income adjusted for some items declined to 57 million euros ($82 million) from 97 million euros a year earlier. The shares rose 2.3 percent to 23.81 euros.

Theolia SA (TEO FP): The French wind-energy company said its first-half loss narrowed after expenses related to convertible bonds fell. The stock dropped 1.9 percent to 1.05 euros.

--With assistance from Karin Matussek in Berlin, Jacqueline Simmons and Vidya Root in Paris and Charles Penty in Madrid. Editor: Stephen Kleege

To contact the reporter on this story: Rita Nazareth in New York at rnazareth@bloomberg.net

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


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