Alcatel, Commerzbank, Renault, Total: European Equity Preview

By Lynn Thomasson

Feb. 12 (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 0.4 percent to 193.13. Dow Jones Stoxx 50 Index slipped 0.3 percent to 1,984.26. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, lost less than 0.1 percent to 2,267.9.

Alcatel-Lucent SA (ALU FP): The world’s largest maker of fixed-line networks will eliminate 198 managerial posts in France as part of a wider job cutting plan announced in December, a French union said. The shares dropped 3.7 cents, or 2.6 percent, to 1.39 euros.

Bayerische Motoren Werke AG (BMW GY): The world’s biggest maker of luxury vehicles, and Fiat SpA (F IM), Italy’s largest manufacturer, will end talks on building cars on a common chassis, Handelsblatt reported, citing industry sources it didn’t identify. BMW added 1.3 percent to 22.61 euros.

Commerzbank AG (CBK GY): Germany’s second-biggest lender may sell Dresdner Bank’s headquarters building in Frankfurt after completing a takeover of its former rival last month, Handelsblatt reported, citing people familiar with the matter whom it didn’t identify. Commerzbank slid 2.7 percent to 3.68 euros.

Electricite de France SA (EDF FP): Europe’s biggest power generator reports full-year earnings before the market opens in Paris. The company will say net income fell to 3.4 billion euros, down from 5.6 billion euros a year earlier, French daily newspaper La Tribune reported, without saying where it got the information. The shares fell 1.22 euros, or 3.3 percent, to 35.55 euros.

Elisa Oyj (ELI1V FH): The second-largest phone company in Finland may report fourth-quarter net income of 50 million euros ($65 million) on 385.8 million euros in sales, analysts anticipate. Elisa gained 0.5 percent to 13.05 euros.

DnB NOR ASA (DNBNOR NO): Norway’s biggest bank may report net income of 2.06 billion kroner ($310 million), the average analyst estimate compiled by Bloomberg. DnB sank 4.5 percent to 27.5 kroner.

OAO KamAZ (KMAZ RX): The board of directors of OAO KamAZ has approved plans to sell 10 billion rubles ($284 million) of five- year bonds, Interfax reported. A shareholders meeting on March 11 will elect a new board that may include one representative of Daimler AG, the news service said. The shares rose 15.7 percent to 16.40 rubles.

Renault SA (RNO FP): France’s second-largest carmaker reports second-half earnings before the market opens in Paris. The company probably had a loss of 514 million euros in the period, after a year-earlier profit of 1.39 billion euros, according to the median of eight analyst estimates, on the worst European auto-sales slump in 15 years. The shares lost 40 cents, or 2.4 percent, to 16.24 euros.

Total SA (FP FP): Europe’s third-largest oil company reports fourth-quarter earnings before the market opens in Paris. Net income, excluding changes in the value of its stake in drugmaker Sanofi-Aventis SA, probably fell 16 percent to 2.6 billion euros as oil prices plunged, according to the median of 12 analyst estimates. The shares declined 32 cents, or 0.8 percent, to 40.09 euros.

Veidekke ASA (VEI NO): Norway’s biggest construction company might say it had net income in the fourth quarter of 178 million kroner ($26 million) on sales of 4.97 billion kroner, the mean analyst estimates. The stock retreated 0.7 percent to 27.4 kroner.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net.