Bloomberg News

Alstom, Areva, Drillisch, Petroplus, REN: Europe Equity Preview

March 02, 2012

Shares of the following companies may have unusual moves in European (SXXP) (SXXP) trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index (SXXP) rose 1 percent to 267.06. The Stoxx 50 Index (SX5P) gained 1.1 percent to 2,504.52. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, advanced 1.5 percent to 2,548.66.

Alstom SA (ALO) : The third-largest maker of power equipment said its share of a contract for the extension of a metro line in Athens is worth about 32 million euros. The shares rose 0.1 percent to 32.38 euros.

Areva SA (AREVA) (AREVA FP): The world’s biggest supplier of nuclear fuel and services reported an annual loss that included writedowns of the value of uranium mines, plants and projects. Areva fell 2 percent to 19.12 euros.

Drillisch AG (DRI) (DRI GY): The German provider of low-cost phone services proposed to raise its dividend for last year by 40 percent after 2011 profit increased. Drillisch rallied 6.2 percent to 7.88 euros.

Petroplus Holdings AG (PPHN) (PPHN SW): Europe’s largest independent refiner found an unidentified potential buyer for its refinery in the Belgian port of Antwerp, De Tijd reported on its website. Petroplus fell 2.8 percent to 0.70 Swiss franc.

PSA Peugeot Citroen (UG) : Europe’s second-largest carmaker doesn’t intend to buy shares in General Motors Co. and the Detroit-based carmaker’s investment in Peugeot will be capped at 7 percent, FFP Chairman Robert Peugeot said in an interview with Le Figaro. Peugeot retreated 3.9 percent to 14.47 euros.

REN-Redes Energeticas Nacionais SA (RENE) : The operator of Portugal’s electricity and gas networks said full-year profit rose 9.4 percent as it added grid assets. The shares rose 1.2 percent to 2.13 euros.

To contact the reporter on this story: Katia Porzecanski in New York at kporzecansk1@bloomberg.net

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


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