By Nadja Brandt
Nov. 10 (Bloomberg) -- The following companies' shares may have unusual price changes in European trading. Stock symbols are in parentheses, and stock prices are from the previous close.
The Dow Jones Stoxx 600 climbed 1.9 percent to 219.60. The Dow Jones Stoxx 50 Index added 1.9 percent to 2,284.22. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, increased 2.4 percent to 2,602.54.
Allianz SE (ALV GY): Europe's third-biggest insurer by market value had its first quarterly loss in more than five years after stock investments fell and the sale of Dresdner Bank declined in value. The shares increased 3.68 euros, or 6 percent, to 65.55 euros.
Bayerische Motoren Werke AG (BMW GY): BMW, Daimler AG and Volkswagen AG's banking units are considering tapping the German government's rescue package for the financial industry, Der Spiegel reported, without citing anyone. The carmakers' banks have agreed to request guarantees for several billion euros, the magazine said on its Web site.
BMW shares closed at 21.56 euros, up 50 cents or 2.4 percent.
Belgacom SA (BELG BB): Belgium's biggest phone company won antitrust approval to acquire Scarlet NV for 185 million euros ($235 million), as long as it sells Scarlet's fiber-optic network and caps prices for broadband Internet services. Belgacom said it expects to complete the purchase by the end of November. Belgacom shares rose 49.5 cents, or 1.8 percent, to 28.32 euros.
Bilfinger Berger AG (GBF GY): Germany's second-largest builder is scheduled to report third-quarter results. The company may say profit gained 31 percent, according to a survey of analysts by Bloomberg News. The shares slipped 43 cents, or 1.2 percent, to 36.07 euros.
Cable & Wireless Plc (CW/ LN): The U.K.'s second-biggest phone company reports earnings. Cable & Wireless advanced 6.7 pence, or 5 percent, to 134.7 pence.
Daimler AG (DAI GY): The banking units of Daimler, Bayerische Motorenwerke AG and Volkswagen AG are considering tapping the German government's rescue package for the financial industry, Der Spiegel reported, without citing anyone. The carmakers' banks have agreed to request guarantees for several billion euros, the magazine said on its Web site.
The shares increased 57 cents, or 2.3 percent, to 25.50 euros.
Deutsche Post AG (DPW GY): Europe's biggest mail carrier plans to post third-quarter results. The shares climbed 51 cents, or 5.7 percent, to 9.36 euros.
Deutsche Postbank AG (DPB GY): Germany's biggest consumer bank by clients is scheduled to publish third-quarter results. The shares fell 19 cents, or 1.1 percent, to 16.70 euros.
Deutsche Telekom (DTE GY): Deutsche Telekom will concentrate on integrating recently bought units before it considers any new acquisitions, Chief Executive Officer Rene Obermann said in an interview published by Welt am Sonntag.
Telekom isn't prone to engage in ``adventures'' like buying one of its competitors on the U.S. mobile phone market, where the company's T-Mobile unit is the number four, said Obermann, the newspaper reported.
Fortis (FORB BB): Belgium would pull out of the rescue of Fortis if a court backs a complaint by minority shareholders, Prime Minister Yves Leterme told Het Laatste Nieuws.
Separately, Fortis said it will hold a shareholders meeting on Dec. 19 if meetings scheduled for Dec. 1 and Dec. 2 fail to produce a decision-making quorum. European Union regulators are also questioning whether the bailout involved unlawful state subsidies, De Standaard reported, citing an unpublished EU letter. The shares rose 0.5 cents, or 0.5 percent, to 1.04 euros.
Galp Energia SGPS SA (GALP PL): Galp and BG Group Plc are concerned the development of Tupi and other Brazilian offshore oil fields they are developing with Petroleo Brasileiro SA may be delayed, O Estado de S. Paulo newspaper reported, citing Afonso Henriques, president of BG's Brazilian unit. Shares climbed 15.5 cents, or 2 percent, to 7.835 euros.
GDF Suez (GSZ FP): A group led by the French utility will likely soon receive a license to begin construction on the Jurau hydroelectric dam on Brazil's Madeira River, the Estado de S. Paulo newspaper reported. The shares gained 1.42 euros or 4 percent to 35.65 euros.
HSBC Holdings Plc (HSBA LN): Europe's biggest bank is expected to announce it wrote down more than $3.5 billion against bad U.S. loans in the third quarter, the Observer newspaper reported, citing Ian Gordon, a BNP Paribas SA banking analyst in London. HSBC rose 3 pence, or 0.4 percent, to 746.5 pence.
Lloyds TSB Group Plc (LLOY LN): The U.K. bank that agreed to buy HBOS Plc in a government-backed rescue has given HBOS a loan facility of 10 billion pounds ($16 billion) to help it with wholesale-funding needs, the Sunday Times reported, without saying where it got the information. Lloyds rose 12.9 pence, or 7 percent, to 200.5 pence.
Rio Tinto Group (RIO LN): The world's second-biggest exporter of iron ore may establish joint ventures with companies backed by the Chinese government, the Guardian reported, citing Chief Executive Officer Tom Albanese. Rio advanced 112 pence, or 4 percent, to 2618 pence.
Precious Woods Holding AG (PRWN SW): The Swiss forestry company said nine-month profit dropped 83 percent because of ``unfavorable currency developments.'' The shares were unchanged at 48 Swiss francs.
Renault SA (RNO FP): The carmaker has told 1,000 workers in Argentina not to come to work for 10 days because of slowing sales, newspaper Clarin reported. Separately, unions in France asked a court to order the company to cancel 4,000 planned ``voluntary layoffs.'' The shares fell 91 cents or 4 percent to 21.61 euros.
Swiss Reinsurance Co. (RUKN VX): The world's second-biggest reinsurer has 85 percent of its structured product investments in either AAA-rated or government-guaranteed investments, Finanz und Wirtschaft said, citing Chairman Peter Forstmoser. The shares rose 92 centimes, or 2 percent, to 47.82 francs.
Total SA (FP FP): The French oil company and its partner Saudi Aramco may delay the 400,000 barrels-a-day Jubail refinery because of lower oil prices and demand, Al-Hayat reported. Separately, Chief Executive Officer Christophe de Margerie said oil prices close to $60 a barrel for a prolonged period would ``seriously affect'' global production capacity as companies cut investments. The shares rose 1.29 euros, or 3.3 percent, to 41.30 euros.
UBS AG (UBSN VX): Former Chief Executive Officer Peter Wuffli gave up 12 million Swiss francs ($10 million) of compensation he was entitled to, said bank spokeswoman Sabine Jaenecke. The shares fell 70 centimes, or 3.9 percent, to 17.30 francs.
Uralita SA (URA SM): Spain's biggest maker of building materials said in filing to regulators that nine-month profit fell 18 percent as a slowdown in residential construction crimped demand for its products. Shares were unchanged at 4.30 euros.
To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net
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