Bloomberg News

Alstom, Beneteau, Rio Tinto, Shell, TUI: European Equity Preview

September 30, 2011

Sept. 30 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index gained 0.7 percent to 228.90. The Stoxx 50 Index rose 0.7 percent to 2,178.71. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, advanced 1.6 percent to 2,212.44.

Anglo American Plc (AAL LN): The part owner of the world’s biggest platinum and diamond producers sees a “very, very solid” outlook for the industry as China’s economy expands, Chief Executive Officer Cynthia Carroll said. The stock dropped 2.1 percent to 2,291.5 pence.

Alstom SA (ALO FP): The maker of high-speed trains said it signed a 1 billion euro ($1.36 billion) contract to develop and produce electric locomotives in Russia. The shares rose 0.7 percent to 25.43 euros.

Beneteau SA (BEN FP): The sailboat manufacturer said full- year revenue rose 18 percent to 921.5 million euros. The shares rose 1.9 percent to 10.63 euros.

Bilfinger Berger AG (GBF GY): The construction company plans to sell the engineering and services activities of Bilfinger Berger Nigeria, with output volumes of 350 million euros ($475 million), to its minority shareholding Julius Berger Nigeria Plc. Bilfinger shares added 3.1 percent to 57.09 euros.

Kaufman & Broad SA (KOF FP): The property developer said third-quarter net income rose to 14.1 million euros from 2.3 million euros a year earlier. The shares rose 0.2 percent to 12.80 euros.

Rio Tinto Group (RIO LN): The world’s second-largest mining company by sales’ Rossing uranium unit in Namibia won a court order from the southern African nation’s Labour Court that a strike by the Mineworkers Union of Namibia is illegal. The stock declined 3 percent to 2,966.5 pence.

Royal Dutch Shell Plc (RDSA LN): Europe’s largest oil company has extinguished a fire that raged for two days at its biggest oil refinery and is shutting processing units at the Singapore plant as a precaution. The company’s U.S. approval for oil exploration in Alaska’s Beaufort Sea will be contested by groups including the Natural Resources Defense Council and an Inupiat village worried about the risk of spills. The stock gained 0.5 percent to 2,009.5 pence.

ThyssenKrupp AG (TKA GY): The German company plans to rename as Inoxum its stainless-steel unit Nirosta and its VDM plant in Werdohl as it prepares to divest itself of the units, Westdeutsche Allgemeine Zeitung reported, without saying where it got the information. The shares advanced 1 percent to 19.42 euros.

TUI AG (TUI1 GY): The German owner of Europe’s largest travel company will increase its Internet operations to become more automated and efficient as it plans to cut 550 jobs, including 400 in Hanover, Germany, Financial Times Deutschland reported, citing TUI Germany’s chief executive officer, Volker Boettcher. The shares rose 1.7 percent to 4.09 euros.

--Editor: Stephen Kleege

AAL LN<Equity> ALO FP <Equity> BEN FP <Equity> KOF FP <Equity> TUI1 GY <Equity> RIO LN <Equity> RDSA LN <Equity>

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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