Bloomberg News

ARM, BMW, Deutsche Boerse, HSBC, Icade: European Equity Preview

October 20, 2011

Oct. 20 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index gained 0.6 percent to 236.71. The Stoxx 50 Index rose 0.7 percent to 2,259.53. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, advanced 1 percent to 2,330.08.

ARM Holdings Plc (ARM LN): The owner of chip technology used in Apple Inc. (AAPL US) iPhones introduced a new design for semiconductors to be used in low-end smartphones and devices as it seeks to expand in new markets. The shares slid 1.9 percent to 580.50 pence.

Bayerische Motoren Werke AG (BMW GY): The German carmaker that is poised to become the best-selling luxury brand in the U.S. this year said it can can keep the spot in 2012’s first quarter as it introduces its redesigned 3-Series sedan. The shares lost 0.1 percent to 55.01 euros.

Deutsche Boerse AG (DB1 GY): The Frankfurt Stock Exchange owner that agreed to buy NYSE Euronext to create the world’s biggest bourse operator beat profit and sales estimates after a rout in equities spurred a surge in third-quarter trading. The shares fell 0.1 percent to 41.04 euros.

HSBC Holdings Plc (HSBA LN): Europe’s biggest bank is interested in buying Turkey’s Denizbank from Dexia SA (DEXB BB), the first lender to founder with the European debt crisis, two people with knowledge of the process said. HSBC gained 0.4 percent to 522.50 pence. Dexia rose 1.7 percent to 61 euro cents.

Icade (ICAD FP): The commercial property arm of France’s Caisse des Depots et Consignations reported third-quarter revenue rose 13 percent of 348.6 million euros. The shares advanced 0.3 percent to 64.52 euros.

Zardoya Otis SA (ZOT SM): The Spanish elevator unit of United Technologies Corp. (UTX US) was boosted to “hold” from “underweight” at Banco Santander SA. The shares climbed 1.4 percent to 9.63 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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