Bloomberg News

ArcelorMittal, France Telecom, Intercell: Europe Equity Preview

October 13, 2011

Oct. 13 (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 239.16. The Stoxx 50 Index rose 1.3 percent to 2,277.55. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, advanced 2.4 percent to 2,372.15.

Alcatel-Lucent (ALU FP): The French telecommunications equipment maker agreed to sell its corporate call-center business for as much as $1.5 billion to private-equity firm Permira, the Financial Times reported, without saying where it got the information. Both companies declined to comment, FT said. The shares gained 3.3 percent to 2.07 euros.

ArcelorMittal (MT NA): The world’s largest steelmaker may cease operations of two blast furnaces near Liege, Belgium, due to weakening demand, Reuters reported, citing L’Echo. Shares rose 3.8 percent to 14.53 euros.

Casino Guichard-Perrachon SA (CO FP): The French supermarket retailer said it’s confident of increasing sales by more than 10 percent annually in the next three years. The company reported third quarter revenue of 8.71 billion euros, compared with an analyst estimate of 8.72 billion euros in a Bloomberg survey. Shares gained 2.7 percent to 61.49 euros.

France Telecom SA (FTE FP): France’s largest phone company received as many as 10 first-round bids in the sale of its Swiss business, the Wall Street Journal reported. The shares increased 1.2 percent to 13.11 euros.

GSW Immobilien AG (GIB GY): Archon Group Deutschland GmbH, an indirect subsidiary of Goldman Sachs, Lekkum Holding B.V. and W2001 Capitol B.V. announced their intention to sell up to 8.2 million shares in GSW Immobilien. The Berlin-based real-estate company that sold shares to the public for the first time in April gained 0.8 percent to 21 euros.

Intercell AG (IJE GY): The Austrian vaccine maker said the European Medicines Agency gave the company positive scientific advice on a planned trial of its experimental vaccine for Pseudomonas aeruginosa. Shares slid 2.5 percent to 1.99 euros.

International Consolidated Airlines Group SA (IAG SM, IAG LN): The owner of British Airways and Iberia’s London traded shares were raised to “buy” from “hold” at Deutsche Bank, with a 12-month price estimate of 260.00 pence. The airline company’s shares rose 2.5 percent to 165.80 pence in London and gained 1.2 percent to 1.88 euros in Madrid.

--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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