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Nov. 16 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index fell 0.6 percent to 237.03. The Stoxx 50 Index lost 0.4 percent to 2,263.21. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, dropped 1.5 percent to 2,254.00.
Abengoa SA (ABG SM): The Spanish solar-thermal plant developer reported third-quarter sales of 1.64 billion euros ($2.22 billion), beating the average analyst estimate by 19 percent, according to Bloomberg data. The Seville, Spain-based company is considering a secondary listing on the New York Stock Exchange, Financial Times reported, citing Chief Executive Officer Manuel Sanchez Ortega. The shares sank 2.5 percent to 16.62 euros.
Bouygues SA (EN FP): The French building, television and telecommunications company reported third-quarter net income climbed 3 percent to 403 million euros, beating an average estimate of 362 million euros from six analysts surveyed. The shares slipped 2 percent to 24.17 euros.
BP Plc (BP/ LN): Europe’s second-biggest oil company can’t use Transocean Ltd.’s (RIG US) insurance coverage to pay costs related to the 2010 oil spill in the Gulf of Mexico, a judge in New Orleans ruled. The shares lost 0.4 percent to 457.15 pence.
GDF Suez SA (GSZ FP): The operator of Belgium’s atomic reactors will “reassess” its nuclear strategy in that country because of a 550 million-euro tax on the energy decided by the government. The shares fell 0.4 percent to 19.72 euros.
UCB SA (UCB BB): Belgium’s biggest drugmaker said it will partner with Parexel International Corp. (PRXL US) and PRA International for all its future clinical study programs globally, according to a statement on its website. UCB’s shares erased 1.8 percent to 30 euros.
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