Bloomberg News

Anglo American, L’Oreal, Renault: European Equity Preview

April 13, 2012

The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.

The Stoxx Europe 600 Index increased 1.2 percent to 257.36. The Stoxx 50 Index (SX5P) gained 0.8 percent to 2,403.12. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, rose 0.5 percent to 2,352.24.

Anglo American Plc (AAL) : The mining company said it paid $1.02 billion in capital gains tax to Chile after it sold 24.5 percent of its Sur copper assets to Mitsubishi Corp. (8058) (8058 JP). The shares rose 2.1 percent to 2,272 pence.

Barclays Plc (BARC) : Ian Lowitt, who served as chief financial officer of Lehman Brothers Holdings Inc. in the months before its 2008 collapse, is leaving the British bank, a person with direct knowledge of the move said. Lowitt, 48, joined Barclays when it bought Lehman’s U.S. securities business through a bankruptcy auction in 2008 and was chief operating officer of the wealth and investment management division in the Americas. The shares gained 5.4 percent to 223.45 pence.

L’Oreal SA (OR) : The world’s largest cosmetics maker reported first-quarter sales that exceeded analysts’ estimates and said the company’s confidence it can outperform the industry in 2012 had been reinforced. The shares increased 0.7 percent to 91.09 euros.

Renault SA (RNO) : The French carmaker received approval to get a loan of 373.5 million reais ($204.5 million) from Brazil’s state-controlled development bank, or BNDES, according to an e-mailed statement from the bank. The shares climbed 3.1 percent to 37.36 euros.

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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