Bloomberg News

Barclays, Conergy, Natixis: European Equity Preview

May 10, 2012

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

The Stoxx Europe 600 Index fell 0.3 percent to 249.73. The Stoxx 50 Index (SX5P) decreased 0.4 percent to 2,342.48. The Euro Stoxx 50 Index (SX5E), a benchmark measure for nations using the euro, lost 0.5 percent to 2,225.63.

Barclays Plc (BARC) : Britain’s second-largest lender by assets has been offered close to 1 billion euros ($1.3 billion) for its Baubecon real-estate unit by Berlin property investor and management company GSW Immobilien AG (GIB GY) and its former parent, Goldman Sachs Group Inc.’s (GS US) Whitehall Funds unit, Financial Times Deutschland reported. Barclays fell 0.3 percent to 202.35 pence. GSW declined 1.5 percent to 25.60 euros.

Conergy AG (CGYK) : The Hamburg-based solar company is on the verge of selling a 30 percent stake to a Chinese solar company, the Financial Times Deutschland reported, citing an unidentified person with knowledge of the deal. The shares climbed 1.7 percent to 49 euro cents.

Natixis SA (KN) : The French bank said first-quarter profit dropped 55 percent, hurt by one-time charges on its own debt and lower trading revenue. Separately, Chief Executive Officer Laurent Mignon confirmed that the bank is stopping its London-based commodities brokerage business. The shares declined 3 percent to 2.15 euros.

Telecom Italia SpA (TIT) : Italy’s largest phone company said first-quarter profit rose 10 percent, beating analyst estimates, helped by growth at its businesses in Brazil and Argentina. The shares sank 2.1 percent to 85 euro cents.

United Internet AG (UTDI) : The provider of online services reported first-quarter earnings that missed analyst estimates as costs for introducing new businesses, such as selling website creation tools outside Germany, caused a decline in profit. The shares dropped 0.8 percent to 14.29 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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