Bloomberg News

France Telecom, Neopost, SAG Gest: European Equity Preview

September 02, 2011

Sept. 2 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index added 0.6 percent to 238.93. The Stoxx 50 Index added 0.8 percent to 2,256.95. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, advanced 0.2 percent to 2,305.75.

BP Plc (BP/ LN) and Royal Dutch Shell Plc (RDSA LN): The oil companies began evacuating workers from platforms and rigs in the Gulf of Mexico as a storm intensified in the largest U.S. crude-producing region. BP fell 3.5 percent to 388.5 pence. Shell rose 0.5 percent to 2,075 pence.

France Telecom SA (FTE FP): France’s largest phone company has acquisition targets in the Middle East and Africa, where it may also set up partnerships to divvy up costs and increase market share, Chief Executive Officer Stephane Richard said in an interview with Bloomberg Television near Paris. The stock rose 1.4 percent to 13.49 euros.

Neopost SA (NEO FP): The supplier of mailroom equipment said second-quarter revenue rose 2.2 percent to 249.4 million euros. The stock increased 1.7 percent to 51 euros.

Porsche AG (PAH3 GY): The German sports-car maker said deliveries in the U.S. rose 7.5 percent to 2,184 vehicles in August compared with the year-earlier period, helped by demand for the 911 model. The stock decreased 1.9 percent to 46.26 euros.

SAG Gest-Solucoes Automovel Globais SGPS SA (SVA PL): Portuguese light-vehicle sales fell 22.6 percent in the eight months through August from the same period a year earlier, the Portuguese Automobile Association said. SAG, a Portuguese distributor of Volkswagen AG cars, was unchanged at 54 euro cents.

--With assistance from Emma Ross-Thomas in Madrid and Fabio Benedetti-Valentini in Paris. 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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