Tuesday, July 01, 2008 11:47:44 PM
BMW, Credit Agricole, Fiat, Sodexo: European Equity Preview
By Nadja Brandt
July 1 (Bloomberg) -- The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous close.
The Dow Jones Stoxx 600 fell 2.2 percent to 283. The Dow Jones Stoxx 50 Index decreased 1.9 percent to 2,850.49. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, dropped 1.8 percent to 3,292.86.
Actividades de Construccion & Servicios SA (ACS SM): Spain's biggest construction company trades without the right to its latest dividend. The shares declined 1.87 euros, or 5.9 percent, to 30.04 euros.
Bayerische Motoren Werke AG (BMW GY): The world's largest maker of luxury cars said U.S. sales dropped 11 percent last month, as demand for is main BMW brand dropped. The shares fell 59 cents, or 1.9 percent, to 29.96 euros.
Credit Agricole SA (ACA FP): France's third-largest bank by market value raised 5.9 billion euros in a rights offering to replenish capital after writedowns on subprime-infected assets. The shares dropped 61 cents, or 4.7 percent, to 12.37 euros.
Daimler AG (DAI GY): The carmaker's Mercedes-Benz USA unit, the world's second-largest luxury carmaker, said U.S. sales slipped 0.1 percent last month. The shares decreased 1.08 euros, or 2.8 percent, to 38.20 euros.
Deutsche Boerse AG (DB1 GY): German stock-exchange trades fell 31 percent to 189 billion euros ($298.4 billion) in June compared with 273.7 billion euros a year earlier, Deutsche Boerse AG said. The shares dropped 2.53 euros, or 3.5 percent, to 69.16 euros.
Eni SpA (ENI IM): Italy's largest oil company begins a tender offer for an additional 20 percent of Hindustan Oil Exploration Co. The shares dropped 37 cents, or 1.6 percent, to 23.33 euros.
Fiat SpA (F IM): Car registrations in Italy slumped 19.5 percent in June from a year earlier, the Italian Transport and Infrastructure Ministry said. Fiat's is Italy's largest carmaker. The shares fell 38 cents, or 3.7 percent, to 10.03 euros.
Iberdrola SA (IBE SM): Spain's second-largest utility holds an investor day in Gleneagles, Scotland. The shares declined 23 cents, or 2.8 percent, to 8.12 euros.
Pfleiderer AG (PFD4 GY): The supplier of paneling for buildings will buy back up to 1.87 percent of its own shares to settle subscription rights tied to a stock-option plan and to make acquisitions. The shares dropped 29 cents, or 3.3 percent, to 8.38 euros.
Porsche SE (POR3 GY): The maker of the Cayenne sport-utility vehicle said North American sales fell 19 percent last month as demand for the 911 sports car plunged in advance of the introduction of a new version. The shares fell 6.02 euros, or 6.2 percent, to 91.87 euros.
Societe Generale SA (GLE FP): France's second-largest bank by market value agreed to buy ABN Amro Holding NV's private- banking business in Gibraltar for an undisclosed amount. The shares declined 1.65 euros, or 3 percent, to 53.64 euros.
Sodexo (SW FP): The world's second-largest catering company reports third-quarter sales before the market opens in Paris. Revenue may be 3.39 billion euros, little changed from year- earlier levels, according to the median of five analyst estimates, hurt by the dollar's weakness against the euro. The shares dropped 77 cents, or 1.9 percent, to 40.95 euros.
Volkswagen AG (VOW GY): Europe's largest Carmaker said sales in the U.S. climbed 0.3 percent in June on demand for its new Eos convertible coupe. The shares fell 2.71 euros, or 1.5 percent, to 180.57 euros.
http://www.bloomberg.com/apps/news?pid=20601100&sid=aA2KtDsnmVcc&refer=germany
My posting is for my own entertainment, do your own DD before pushing your buy/call button
By Nadja Brandt
July 1 (Bloomberg) -- The following companies may have unusual price changes in European trading. Stock symbols are in parentheses, and share prices are from the previous close.
The Dow Jones Stoxx 600 fell 2.2 percent to 283. The Dow Jones Stoxx 50 Index decreased 1.9 percent to 2,850.49. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, dropped 1.8 percent to 3,292.86.
Actividades de Construccion & Servicios SA (ACS SM): Spain's biggest construction company trades without the right to its latest dividend. The shares declined 1.87 euros, or 5.9 percent, to 30.04 euros.
Bayerische Motoren Werke AG (BMW GY): The world's largest maker of luxury cars said U.S. sales dropped 11 percent last month, as demand for is main BMW brand dropped. The shares fell 59 cents, or 1.9 percent, to 29.96 euros.
Credit Agricole SA (ACA FP): France's third-largest bank by market value raised 5.9 billion euros in a rights offering to replenish capital after writedowns on subprime-infected assets. The shares dropped 61 cents, or 4.7 percent, to 12.37 euros.
Daimler AG (DAI GY): The carmaker's Mercedes-Benz USA unit, the world's second-largest luxury carmaker, said U.S. sales slipped 0.1 percent last month. The shares decreased 1.08 euros, or 2.8 percent, to 38.20 euros.
Deutsche Boerse AG (DB1 GY): German stock-exchange trades fell 31 percent to 189 billion euros ($298.4 billion) in June compared with 273.7 billion euros a year earlier, Deutsche Boerse AG said. The shares dropped 2.53 euros, or 3.5 percent, to 69.16 euros.
Eni SpA (ENI IM): Italy's largest oil company begins a tender offer for an additional 20 percent of Hindustan Oil Exploration Co. The shares dropped 37 cents, or 1.6 percent, to 23.33 euros.
Fiat SpA (F IM): Car registrations in Italy slumped 19.5 percent in June from a year earlier, the Italian Transport and Infrastructure Ministry said. Fiat's is Italy's largest carmaker. The shares fell 38 cents, or 3.7 percent, to 10.03 euros.
Iberdrola SA (IBE SM): Spain's second-largest utility holds an investor day in Gleneagles, Scotland. The shares declined 23 cents, or 2.8 percent, to 8.12 euros.
Pfleiderer AG (PFD4 GY): The supplier of paneling for buildings will buy back up to 1.87 percent of its own shares to settle subscription rights tied to a stock-option plan and to make acquisitions. The shares dropped 29 cents, or 3.3 percent, to 8.38 euros.
Porsche SE (POR3 GY): The maker of the Cayenne sport-utility vehicle said North American sales fell 19 percent last month as demand for the 911 sports car plunged in advance of the introduction of a new version. The shares fell 6.02 euros, or 6.2 percent, to 91.87 euros.
Societe Generale SA (GLE FP): France's second-largest bank by market value agreed to buy ABN Amro Holding NV's private- banking business in Gibraltar for an undisclosed amount. The shares declined 1.65 euros, or 3 percent, to 53.64 euros.
Sodexo (SW FP): The world's second-largest catering company reports third-quarter sales before the market opens in Paris. Revenue may be 3.39 billion euros, little changed from year- earlier levels, according to the median of five analyst estimates, hurt by the dollar's weakness against the euro. The shares dropped 77 cents, or 1.9 percent, to 40.95 euros.
Volkswagen AG (VOW GY): Europe's largest Carmaker said sales in the U.S. climbed 0.3 percent in June on demand for its new Eos convertible coupe. The shares fell 2.71 euros, or 1.5 percent, to 180.57 euros.
http://www.bloomberg.com/apps/news?pid=20601100&sid=aA2KtDsnmVcc&refer=germany
My posting is for my own entertainment, do your own DD before pushing your buy/call button
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