Bloomberg News

Deutsche Lufthansa, Kingfisher, Shell: European Equity Preview

October 11, 2011

Oct. 11 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index gained 1.7 percent to 235.94. The Stoxx 50 Index advanced 1.4 percent to 2,254.30. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, rose 2.3 percent to 2,320.80.

Deutsche Lufthansa AG (LHA GY): Europe’s second-biggest airline’s joint-venture with Alpha Flight Group Ltd. in airline catering needs a full investigation of concerns it could raise prices for U.K. passengers, a British antitrust regulator said. Lufthansa shares rose 4.1 percent to 10.00 euros.

Kingfisher Plc (KGF LN): The owner of the U.K.’s largest home-improvement chain’s Chief Executive Officer Ian Cheshire said he sees a “broadly flat” U.K. retail market in 2012, while in France it will be “more robust.” France is the retailer’s largest market by profit and sales. The shares gained 1.3 percent to 258.1 pence.

Stallergenes SA (GENP FP): The pharmaceutical company that makes allergy treatments said it will pay 450,000 euros ($610,000) to Chief Executive Officer Albert Saporta when he gives up that position at the end of the year to become non- executive chairman. The stock fell 0.8 percent to 44.75 euros.

Royal Dutch Shell Plc (RDSA LN): Shell Pension Fund, which runs pension plans for the Dutch petroleum company, joined an appeal of a court ruling in the Bernard Madoff case that denied customer status to so-called feeder fund investors. Shares gained 2.5 percent to 2,120 pence.

RWE AG (RWE GY): Germany’s second-biggest utility company restarted a unit at its Littlebrook oil-fired power station in the U.K. The unit started generating power for the first time since December. RWE jumped 3.1 percent to 30.65 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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