Bloomberg News

Areva, Axel Springer, DCC, Fiat, HSBC: European Equity Preview

December 12, 2011

Dec. 12 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index climbed 1.2 percent to 240.51. The Stoxx 50 Index increased 1.1 percent to 2,324.04. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, advanced 2.4 percent to 2,342.59.

Anglo American Plc (AAL LN): The mining company has been named as the preferred bidder for a 59 percent stake in Mozambican coal mining firm Minas de Revuboe, which is currently owned by Australia-based Talbot Group Investments Pty Ltd., the Sunday Times reported, without saying where it got the information. Anglo rose 2 percent to 2,449 pence.

Arena Leisure Plc (ARE LN): Billionaires David and Simon Reuben made a cash offer for Arena Leisure Plc, the Sunday Times reported. Arena’s shares were unchanged at 31.75 pence.

Areva SA (AREVA FP): The French nuclear company will report “large losses” when it unveils its new strategy, Industry Minister Eric Besson said in a radio interview. “I can confirm Areva will report losses and it seems they will be large,” Besson said. The “exact amount” of the losses is for the Areva Chief Executive Officer Luc Oursel to announce, he added. The shares rose 1 percent to 20.33 euros.

Axel Springer AG (SPR GY): The German media company will start charging for some content online from 2012, Chief Executive Officer Mathias Doepfner said. The stock rose 2.4 percent to 32.74 euros.

Banco Santander SA (SAN SM): Banco Santander has made a renewed bid for Kredyt Bank SA, the Polish lender owned by Brussels-based KBC Groep NV, De Tijd reported. Santander rose 2.3 percent to 5.97 euros.

Bayerische Motoren Werke AG (BMW GY): The German carmaker aims to increase U.S. sales by 25 percent from about 240,000 units this year, Automotive News Europe said.

Separately, BMW is close to signing a deal to work with General Motors Co. on fuel-cell technology, WirtschaftsWoche reported, citing unidentified people with knowledge of the agreement. BMW rose 0.4 percent to 53.80 pence.

DCC Plc (DCC ID): The Irish distributor of goods from computer games is close to acquiring Premier Foods Plc’s Irish division, the Sunday Times reported, without saying where it got the information. DCC advanced 1.6 percent to 18.5 euros.

European Aeronautic, Defence and Space Co. (EAD FP): The board of Airbus SAS’s parent company agreed to delay a decision to give details of changes to its senior management until January, the Financial Times said. EADS rose 2.7 percent to 22.41 euros.

Fiat SpA (F IM): The Italian carmaker will likely sign a collective contract with representatives of its Italian workers, La Stampa reported, citing union leaders. The shares rose 4.7 percent to 3.94 euros.

HSBC Holdings Plc (HSBA LN): Banco Bradesco SA is close to buying the U.K. lender’s Brazil consumer-finance unit, Losango, for about 750 million reais ($415 million), according to two people familiar with the deal. HSBC rose 0.6 percent to 504.90 pence.

Lloyds Banking Group (LLOY LN): NBNK Investments Plc (NBNK LN) is expected to increase its bid for branches being sold by Lloyds as it competes with a rival offer from the Co-Operative Group, the Financial Times said.

Separately, U.K. Financial Investments Ltd., the government-funded body that manages the treasury’s 41 percent stake in Lloyds, indicated to the bank’s board that it backs the return of Antonio Horta-Osorio as chief executive officer, the Sunday Telegraph said, without saying where it go the information. Lloyds rose 6.5 percent to 26.72 pence.

Mothercare Plc (MTC LN): Cinven Ltd. is considering a 150 million-pound takeover bid for Mothercare Plc, the Sunday Telegraph said. Mothercare’s shares rose 4.4 percent to 160.6 pence.

--With assistance from Gavin Finch in London. Editors: Stephen Kleege, John Simpson

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


Tim Cook's Reboot
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus