Economic Calendar

Tuesday, July 15, 2008

Credit Agricole SA, EADS, H&M, Roche: European Equity Preview

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By Nadja Brandt

July 15 (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 climbed 0.8 percent to 272.47. The Dow Jones Stoxx 50 Index added 0.5 percent to 2,770.39. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, increased 0.6 percent to 3,216.24.

Credit Agricole SA (ACA FP): The board of France's second- largest bank will meet to discuss whether to remove Georges Pauget from the chief executive officer post, which he has held since September 2005, four people with knowledge of the meeting said. Credit Agricole rose 29 cents, or 2.5 percent, to 11.86 euros.

European Aeronautic, Defence & Space Co. (EAD FP): EADS's Airbus SAS, the world's biggest planemaker, won an order for 55 airliners, including A380 superjumbos, from Gulf carrier Etihad Airways worth about $11 billion at list prices. EADS rose 66 cents, or 6.2 percent, to 11.40 euros.

Finmeccanica SpA (FNC IM): The Italian state-controlled defense company said banks offered to loan it more than twice the amount it needs to complete the acquisition of U.S.-based DRS Technologies Inc. The stock rose 34 cents, or 2 percent, to 16.77 euros.

Gerresheimer AG (GXI GY): The medical packaging company that sold shares for the first time last year plans to post second- quarter results. The company in April reported a first-quarter profit after sales at its life science and pharmaceuticals units rose. The shares added 56 cents, or 1.8 percent, to 32.20 euros.

Hennes & Mauritz AB (HMB SS): Europe's second-biggest clothing retailer may say total June sales gained 5.3 percent, while revenue from comparable stores declined 5.6 percent, according to the average analyst estimates collected by SME Direkt. H&M advanced 1.1 percent to 287 kronor.

Iberia Lineas Aereas de Espana SA (IBLA SM): Spain's biggest airline said passenger traffic fell 2.3 percent in June as demand fell on routes in Spain and to South America. The shares slipped 3 cents, or 2.2 percent, to 1.33 euros.

Jelmoli Holding AG (JEL SW): The Swiss department-store and real-estate owner reports sales for the first half of the year. The shares rose 10 francs, or 0.4 percent, to 2,519 francs.

Micronas Semiconductor Holding AG (MASN SW): Switzerland's biggest maker of computer chips reports second-quarter earnings. The shares were unchanged at 6.45 francs.

Roche Holding AG (ROG VX): Roche's Genentech Inc., the biggest U.S. maker of cancer drugs, raised its 2008 forecast and said second-quarter profit increased 4.7 percent on higher sales of its Avastin treatment for colon, lung and breast tumors. Also, Roche's U.K. unit was suspended by the Association of the British Pharmaceutical Industry for at least six months for violating the group's code of practice. The shares rose 1.7 francs, or 0.9 percent, to 182 francs.

Sulzer AG (SUN SW): The world's second-biggest maker of pumps may say first-half order intake rose 7.5 percent to 2.29 billion Swiss francs ($2.24 billion), according to the median estimate of four analysts surveyed by Bloomberg. The shares rose 3.6 francs, or 3 percent, to 125.6 francs.

Union Fenosa SA (UNF SM): Spain's third-largest power company may say second-quarter profit rose 2.1 percent to 188 million euros ($299 million), according to the median estimate of five analysts surveyed by Bloomberg News. The shares added 1.7 cents, or 0.2 percent, to 11.05 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net.


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