Bloomberg News

Havas, Meyer Burger, Schneider: European Equity Preview

March 25, 2012

The following companies’ shares may be active in European (SXXP) trading. Stock symbols are in parentheses and from the last close.

The Stoxx Europe 600 Index (SXXP) rose 0.1 percent to 265.65. The Stoxx 50 Index (SX5P) decreased 0.2 percent to 2,488.87. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, declined 0.2 percent to 2,525.43.

BP Plc (BP/) : Europe’s second-largest oil company by market value started its biggest auction of North Sea fields, putting up assets valued at 2 billion pounds ($3.2 billion) after the U.K. offered tax breaks for the industry, the Sunday Times reported. BP rose 0.2 percent to 477.55 pence.

France Telecom SA (FTE) : The parent company of the Orange mobile-phone unit said it could suspend its national roaming agreement with Iliad SA (ILD)’s Free service if the deal were to hurt its network’s quality, Agence France-Presse reported, citing an unidentified spokeswoman. France Telecom fell 0.2 percent to 11.49 euros.

Deutsche Lufthansa AG (LHA) : Europe’s second-biggest airline’s operating profit for 2012 will be in the “middle three-digit million euro area,” less than what it made in the previous year, Chief Executive Officer Christoph Franz told Neue Zuercher Zeitung in an interview. Lufthansa rose 0.6 percent to 10.305 euros.

Havas SA (HAV) : The advertising agency controlled by French billionaire Vincent Bollore will spend 253 million euros ($336 million) to buy back 12 percent of its own shares. Havas increased 0.9 percent to 4.05 euros.

International Consolidated Airlines Group SA (IAG) (IAG LN): The owner of British Airways may buy a stake in American Airlines Inc. to pre-empt a similar move by a rival, the Sunday Times reported, without saying how it got the information. IAG rose 1.7 percent to 182.3 pence.

Lloyds Banking Group (LLOY) : Britain’s second-largest publicly owned lender will receive an offer of 1.5 billion pounds from NBNK Investments Plc (NBNK) to buy 632 branches, the Sunday Telegraph reported.

Separately, Lloyds remains in exclusive talks to sell the branches, spokesman Ed Petter said, adding that the Co-Op is the “preferred bidder.” Lloyds rose 2.1 percent to 35.975 pence.

Meyer Burger Technology AG (MBTN) : The maker of solar panel equipment will cut jobs to counter declining sales, Finanz und Wirtschaft reported, citing Chief Executive Officer Peter Pauli. The shares gained 4.6 percent to 14.90 Swiss francs.

Schneider Electric SA (SU) : The world’s biggest maker of low- and medium-voltage equipment was raised to buy from hold at Societe Generale SA. The shares rose 0.8 percent to 49.77 euros.

Siemens AG (SIE) : The Munich-based engineering company predicts its renewable energy unit to return to a profit in the current quarter, WirtschaftsWoche reported, citing Michael Suess, the executive running the energy division. Siemens fell 0.7 percent to 77.36.

Vodafone Group Plc (VOD) : The world’s largest mobile phone operator and Tata Communications Ltd. (TCOM) will seek an extension of a March 29 deadline for bids for Cable & Wireless Worldwide Plc (CW/) , the Sunday Telegraph said, without saying how it got the information. Vodafone fell 0.1 percent to 173.6 pence.

Yell Group Plc (YELL) : The publisher of the U.K.’s Yellow Pages will appoint a banking adviser to help restructure billions of pounds in debt, the Sunday Telegraph said, citing unidentified people. Yell rose 0.5 percent to 4 pence.

To contact the reporter on this story: Joseph Ciolli in New York at jciolli@bloomberg.net

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


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