Bloomberg News

Aer Lingus, Deutsche Bank, RBS, Technip: European Equity Preview

September 29, 2011

Sept. 29 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index lost 1.1 percent to 227.39. The Stoxx 50 Index fell 0.8 percent to 2,163.25. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, slipped 0.8 percent to 2,176.64.

Aer Lingus Group Plc (AERL ID): The Irish carrier plans to join a trans-Atlantic airline venture in the next few years after scrapping plans to become a member of a global alliance, Chief Executive Officer Christoph Mueller said in an interview. The shares rose 0.4 percent to 65 euro cents.

BP Plc (BP/ LN): Europe’s second-largest oil company is considering selling its 36.9 percent stake in the Atlas Methanol plant, its joint-venture with Methanex, Deal Reporter reports. The shares declined 1.2 percent to 399.90 pence.

Commerzbank AG (CBK GY), Deutsche Bank AG (DBK GY): Plans to introduce a European financial-transactions tax is a “mistake,” according to the BdB Association of German Banks. “Such a tax is dangerous for European financial markets and ultimately puts at risk economic growth,” said Michael Kemmer, general manager of the BdB.

Commerzbank lost 3.4 percent to 1.92 euros, while Deutsche Bank declined 3.8 percent to 27.20 euros.

Deutsche Lufthansa AG (LHA GY), Air Berlin Plc (AB1 GY): The German government said the introduction of an emissions- trading system should be delayed if a “competitively neutral” solution cannot be found for European airlines, Frankfurter Allgemeine Zeitung reported, citing a letter from Angela Merkel’s Chief of Staff Ronald Pofalla to the association for the German air industry.

Lufthansa lost 2.5 percent to 9.86 euros. Air Berlin gained 3.5 percent to 2.67 euros.

Electricite de France SA (EDF FP): The power generator said it would order 44 steam generators for nuclear reactors worth more than 1.5 billion euros. The shares rose 1 percent to 21.83 euros.

HSBC Holdings Plc (HSBA LN): The bank is seeking to sell its global general insurance unit and has approached European and Japanese insurers, the South China Morning Post reported, citing unidentified people familiar with the situation. The stock fell 2 percent to 510 pence.

Royal Bank of Scotland Group Plc (RBS LN): Banco Santander may buy more than 300 branches from Royal Bank of Scotland for about 100 million pounds less than the price originally agreed, Sky News reported, without saying where it got the information. The stock dropped 3.6 percent to 24.10 pence.

Technip SA (TEC FP): The oil services company said it won a “major” contract from Petroleos de Venezuela. The shares shed 0.7 percent to 61.06 euros.

Umanis (UMS FP): The computer services company said it canceled 204,200 shares, or 7 percent of the total. The stock was unchanged at 6.36 euros.

--Editor: Stephen Kleege

To contact the reporter on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net

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


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