Bloomberg News

BP, IAG, Natixis, Siemens, Vodafone: European Equity Preview

October 14, 2011

Oct. 14 (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 236.53. The Stoxx 50 Index fell 0.9 percent to 2,256.22. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, slipped 1.7 percent to 2,332.52.

BP Plc (BP/ LN): The oil company responsible for the largest U.S. marine oil spill will be allowed to bid in future federal offshore lease sales because barring the producer would be the “death penalty” for a single accident, a U.S. regulator said. The stock dropped 1.5 percent to 405.80 pence.

Colas SA (RE FP): The construction company won a Canadian contract worth 140 million euros ($193 million). The shares fell 0.1 percent to 109.70 euros.

Dockwise Ltd. (DOCKW NA): The operator of ships that haul oil-rig parts and other heavy cargo filed a waiver request seeking temporary relaxation of the leverage ratio from its lenders from March 2012 until September 2013. The De Breda, Netherlands-based company said that the waiver request is for contingency purposes. Shares dropped 2.5 percent to 11.02 euros.

International Consolidated Airlines Group SA (IAG SM, IAG LN): The owner of British Airways and Iberia is “actively interested” in Portuguese airline TAP SGPS SA (TAP PL) and BMI, a unit of Deutsche Lufthansa AG (LHA GY), IAG Chief Executive Officer Willie Walsh said. IAG rose 0.5 percent to 166.70 pence in London and 1.9 percent to 1.92 euros in Madrid. Lufthansa fell 2 percent to 9.81 euros.

Natixis SA (KN FP): The investment-banking unit of Groupe BPCE and three employees were fined a total of 355,000 euros by France’s financial markets regulator for violations at the now- shuttered Natixis Securities brokerage unit. Natixis dropped 6 percent to 2.32 euros.

Sanofi (SAN FP): France’s biggest drugmaker plans to raise a 3 billion euro credit line to refinance a deal maturing next year, according to three people with knowledge of the situation. Shares gained 0.9 percent to 50.46 euros.

Siemens AG (SIE GY): Europe’s largest engineering company signed a 305 million euro contract to add 351 megawatts of generating capacity to a power station in Syria, according to the country’s Electricity Minister Imad Khamis. Shares lost 0.2 percent to 73.90 euros.

Sky Deutschland AG (SKYD GY): The German pay-television operator controlled by Rupert Murdoch’s News Corp. will offer programs through Microsoft Corp.’s Xbox Live service as it seeks to bind clients to their contracts longer. The cable television company lost 1.5 percent to 1.98 euros.

Vodafone Group Plc (VOD LN): The mobile telephone company’s Egyptian unit said it will give customers with prepaid deals three days of free BlackBerry service and clients on a postpaid contract a 10 percent discount on their monthly bill following the outage of BlackBerry browsing and messaging services. Shares gained 1 percent to 173.60 pence.

--Editor: Stephen Kleege

To contact the reporter on this story: Kaitlyn Kiernan in New York at

To contact the editor responsible for this story: Nick Baker at

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