Bloomberg News

BBVA, Belgacom, BSkyB, Metro, Vivendi: Europe Equity Preview

October 31, 2011

Oct. 31 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 0.2 percent to 249. The Stoxx 50 Index lost less than 0.1 percent to 2,361.81. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, slipped 0.6 percent to 2,462.36.

Acerinox SA (ACX SM): The Spanish stainless-steel producer’s nine-month net income rose 5.4 percent to 103 million euros ($144 million). The company said the recovery that had been expected for the fourth quarter would be delayed. The shares gained 0.5 percent to 10 euros.

Air France-KLM Group (AF FP): Europe’s biggest airline is canceling about 15 percent of its flights today over a cabin- crew strike to protest plans to cut the number of on-board attendants. The company’s shares rose 1.1 percent to 5.92 euros.

Banco Bilbao Vizcaya Argentaria SA (BBVA SM): Spain’s second-largest lender feels “let down” by a European Banking Authority order to Spanish banks to recapitalize, ABC newspaper said, citing an interview with bank President and Chief Operating Officer Angel Cano. The shares rose 0.9 percent to 6.93 euros.

Belgacom SA (BELG BB): Belgium’s largest telephone company was raised to “buy” from “hold” at Standard & Poor’s, which said that shares are “too cheap to ignore.” The 12-month price estimate is 25 euros a share. The shares fell 2.8 percent to 22.40 euros.

British Sky Broadcasting Group Plc (BSY LN): The pay television service said its Chief Executive Officer Jeremy Darroch will receive shares valued at about $3.55 million following News Corp.’s failed bid for the company, according to its annual report. The company’s stock rose 0.4 percent to 732 pence.

Celesio AG (CLS1 GY): Europe’s biggest drug wholesaler won’t rule out the sale of its mail-order pharmacy business DocMorris, WirtschaftsWoche said, citing an interview with Chief Executive Officer Markus Pinger. The shares rose 3.3 percent to 11.78 euros.

Cimpor-Cimentos de Portugal SGPS SA (CPR PL): Portugal’s biggest cement maker is looking to acquire a 51 percent stake in India’s Sree Jayajothi Cements Ltd., the Times of India said. Talks have reached a critical phase and a deal may be announced this week, the newspaper cited T.R. Kannan, managing director of Sree Jayajothi, as saying. The shares gained 0.2 percent to 5.31 euros.

Deutsche Boerse AG (DB1 GY): The Frankfurt Stock Exchange owner and NYSE Euronext have until Nov. 17 to offer concessions that may appease the concerns of European Union regulators over their bid to form the world’s largest exchange, three people familiar with the situation said. The shares fell 0.2 percent to 41.49 euros.

Deutsche Bank AG (DBK GY): Germany’s largest lender may scrap its equity-linked warrant business in South Korea, Maeil Business Newspaper reported, citing an unidentified Seoul-based official at the bank. The stock rose 1.2 percent to 33.20 euros.

HomeServe Plc (HSV LN): The U.K.-based emergency-repair service provider suspended all telephone sales operations and marketing activity following an internal investigation uncovered cases that failed to meet company standards, it said in an e- mailed statement. The shares rose 1.1 percent to 485.3 pence.

Metro AG (MEO GY): Chief Executive Officer Eckhard Cordes will leave his post at Germany’s biggest retailer before Christmas, Frankfurter Allgemeinen Sonntagszeitung reported, citing the Haniel family, the company’s biggest shareholder. Metro shares rose 0.4 percent to 34.66 euros.

UniCredit SpA (UCG IM): Italy’s largest bank is preparing to raise between 6 billion euros and 8 billion euros, La Stampa reported, without saying where it got the information. The company’s stock fell 4.4 percent to 90 euro cents.

Valora Holding AG (VALN SW): Switzerland’s biggest newspaper vendor is holding talks which could result in a “larger acquisition,” Chief Executive Officer Thomas Vollmoeller was cited as saying in an interview with Finanz und Wirtschaft. The shares fell 1.6 percent to 189.9 francs.

Vivendi SA (VIV FP): The French media group plans to take control of ITI Holdings SA, which owns 56 percent of the biggest Polish television network TVN SA, in two moves by 2017, Parkiet reported, citing an unidentified person close to the transaction. Vivendi fell 1.3 percent to 16.84 euros.

--Editors: Stephen Kleege, Ben Livesey

To contact the reporters on this story: Kaitlyn Kiernan in New York at kkiernan2@bloomberg.net; Garth Theunissen in London gtheunissen@bloomberg.net

To contact the editors responsible for this story: Nick Baker at nbaker7@bloomberg.net; Daniel Tilles at dtilles@bloomberg.net


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