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The following companies’ shares may have unusual moves in European (SXXP) trading. Stock symbols are in parentheses.
The Stoxx Europe 600 Index rose 0.7 percent to 254.83. The Stoxx 50 Index (SX5P) increased 0.7 percent to 2,386.27. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, gained 1.6 percent to 2,283.09.
Banco Comercial Portugues SA (BCP) : Portgual’s second- biggest publicly traded bank by market value needs about 2.5 billion euros in capital by the end of June to reach the target set by European regulators, Chief Financial Officer Miguel Braganca said. The bank’s first-quarter net income fell 55 percent from a year earlier to 40.8 million euros ($53.3 million), according to a regulatory filing. The shares increased 6.8 percent to 11 euro cents.
CaixaBank (CABK) : The Barcelona-based company agreed to sell a 9.44 percent stake in Portugal’s Banco BPI SA (BPI) to Santoro Finance for 46.7 million euros, or 50 euro cents a share plus interest. CaixaBank shares rose 2.7 percent to 2.56 euros, while Banco BPI fell 0.3 percent to 40 euro cents.
Deutsche Telekom AG (DTE) : Germany’s biggest phone company reached an agreement with the Ver.di union to increase the wages of employees at its Telekom Deutschland unit by 6.5 percent over two years, the union said. The shares gained 0.7 percent to 8.51 euros.
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