Bloomberg News

Carnival, France Telecom, Natixis, Roche: Europe Equity Preview

January 16, 2012

Jan. 16 (Bloomberg) -- The following companies’ shares may have unusual moves in European trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index fell 0.1 percent to 249.18 on Jan. 13. The Euro Stoxx 50 Index, a benchmark measure for nations using the euro, declined 0.3 percent to 2,338.01.

Carnival Plc (CCL LN): The company’s Costa Concordia cruise liner ran aground off Italy’s Tuscan coast on Jan. 13, injuring about 60 people and killing at least three. Carnival dropped 1.6 percent to 2,248 pence.

Other travel companies may also be active. TUI AG (TUI1 GY) gained 1.8 percent to 4.83 euros. Thomas Cook Group Plc (TCG LN) increased 5.2 percent to 15.25 pence.

Daimler AG (DAI GY): The automaker’s Mercedes-Benz unit expects to introduce four new compact cars over the next three years to boost sales in the U.S. by 20 percent, Automotive News Europe said, citing an interview with Joachim Schmidt, the unit’s head of global sales. Daimler slipped 0.5 percent to 37.97 euros.

Douglas Holding AG (DOU GY): Chief Executive Officer Henning Kreke has held talks with private-equity investors as he seeks to take Europe’s largest retailer of makeup and perfume private, Welt am Sonntag reported, without saying where it got the information. Douglas declined 1.7 percent to 31.48 euros.

France Telecom SA (FTE FP): Hutchison Whampoa Ltd. will sign an agreement to buy mobile-phone operator Orange Austria from the French phone company and private-equity firm Mid Europa Partners in the “next few days,” Die Presse newspaper reported, without saying where it got the information. France Telecom fell 1.1 percent to 11.67 euros.

Natixis SA (KN FP): The bank plans to cut 113 positions at its French corporate- and investment-banking unit, a person with knowledge of the matter said. Natixis retreated 0.2 percent to 2.02 euros.

Porsche SE (PAH3 GY): The maker of the 911 sports car plans to build a four-cylinder engine, Westfalen-Blatt newspaper reported, citing Matthias Mueller, Porsche’s chief executive officer. Porsche fell 0.7 percent to 42.43 euros.

PSA Peugeot Citroen (UG FP): Europe’s second-largest carmaker wouldn’t rule out a “strategic alliance” as long as it keeps its independence, Chief Executive Officer Philippe Varin wrote in a letter to the editor published by French weekly Investir. Peugeot rose 0.1 percent to 13.55 euros.

Roche Holding AG (ROG VX): Genentech Inc., a unit of the Basel, Switzerland-based drugmaker, is facing the first trial of patients’ claims that its withdrawn Raptiva psoriasis drug spawned fatal infections in some users on Jan. 30. Roche fell 0.8 percent to 162 Swiss francs.

Royal Bank of Scotland Group Plc (RBS LN): The bank sold $1.2 billion of bonds backed by U.K. credit cards after initially seeking $500 million, according to a banker involved in the transaction. RBS gained 4.8 percent to 24.10 pence.

Tesco Plc (TSCO LN): The U.K.’s largest supermarket chain will spend as much as 400 million pounds ($613 million) to renovate its U.K. stores and hire more staff this year, the Sunday Times reported, citing Chief Executive Officer Philip Clarke. Tesco dropped 2.1 percent to 316.8 pence.

William Morrison Supermarkets Plc (MRW LN): The U.K. grocer’s bid for frozen-food retailer Iceland Foods Ltd. may be unworkable because of competition issues, the Sunday Telegraph reported. Morrison shares rose 0.5 percent to 287.3 pence.

--Editors: Andrew Rummer, John Simpson

To contact the reporters on this story: Ksenia Galouchko in New York at kgalouchko1@bloomberg.net; Michael Patterson in London at mpatterson10@bloomberg.net

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net


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