The following companies’ shares may have unusual moves in European (SXXP) (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index (SXXP) rose 0.9 percent to 268.12. The Stoxx 50 Index (SX5P) increased 0.7 percent to 2,506.38. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, gained 0.6 percent to 2,539.87.
Bayerische Motoren Werke AG (BMW) (BMW GY): The world’s largest maker of luxury vehicles is recalling about 1.3 million vehicles because of a faulty battery cable cover. The shares increased 1.1 percent to 68.67 euros.
Deutsche Bank AG (DBK) (DBK GY): Germany’s biggest lender agreed to pay $32.5 million to settle claims in U.S. litigation that it lied about the quality of home loans underlying securities it sold. The shares rose 1.6 percent to 38.97 euros.
Deutsche Lufthansa AG (LHA) (LHA GY): Europe’s second-biggest airline plans to scrap 400 flights worldwide because of a strike among baggage handlers and security staffs at airports in Germany, including Frankfurt and Munich. The shares gained 1.6 percent to 10.47 euros.
Holcim Ltd. (HOLN) : As many as 5 million shares in the world’s second-biggest cement maker are being sold in a placement, according to terms of the sale obtained by Bloomberg News. The shares increased 1.3 percent to 61.10 Swiss francs.
Societe Generale SA (GLE) : France’s second-largest bank plans to create a new unit focused on providing funding and advice to other financial institutions, three people familiar with the matter said. The shares fell 0.4 percent to 23.83 euros.
To contact the reporter on this story: Joseph Ciolli in New York at email@example.com
To contact the editor responsible for this story: Nick Baker at firstname.lastname@example.org