By Nadja Brandt
March 18 (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 0.7 percent to 172.05. The Dow Jones Stoxx 50 Index declined 0.7 percent to 1,771.97. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, decreased 1.1 percent to 2,012.25.
Arcandor AG (ARO GY): The parent of travel company Thomas Cook Group Plc plans to hold its annual shareholders meeting. The shares added 5 percent to 1.47 euros.
Baloise Holding AG (BALN VX): Switzerland’s third-biggest insurer may say its 2008 profit dropped 55 percent to 362 million Swiss francs ($306 million) because of lower investment income, according to analysts surveyed by Bloomberg. The shares rose 3.8 percent to 64.25 francs.
Bayerische Motoren Werke AG (BMW GY): The biggest luxury- auto maker plans to publish its annual report and hold its annual press conference. The shares increased 1.7 percent to 22.85 euros.
Benetton Group SpA (BEN IM): Italy’s largest clothing maker plans to report final 2008 earnings. The stock rose 0.9 percent to 5.26 euros.
Cie. de Saint-Gobain SA (SGO FP): Europe’s biggest supplier of building materials, raised 1.45 billion euros in a rights offer. The company will issue 103.3 million new shares and the transaction will be completed with a private placement of 4.7 million new shares. The stock lost 55 cents, or 2.6 percent, to 20.79 euros.
Davide Campari-Milano SpA (CPR IM): The beverage maker known for its bittersweet red aperitif plans to report 2008 results. The stock lost 4.6 percent to 4.04 euros.
Douglas Holding AG (DOU GY): Germany’s largest makeup and perfume retailer plans to hold its annual shareholders meeting. The company in February said its first-quarter net income fell 7.1 percent to 87.6 million euros ($114 million). The shares advanced 1 percent to 31.20 euros.
HeidelbergCement AG (HEI GY): The cement maker owned by the German billionaire Merckle family plans to slash its 2008 dividend by 91 percent after net profit last year dropped and the financial market crisis ate into reserves. The shares dropped 1.2 percent to 20.75 euros.
Julius Baer Holding AG (BAER VX): Switzerland’s biggest independent wealth manager doesn’t see reasons for “drastic” cost-cutting measures, Chairman Raymond Baer told Finanz und Wirtschaft in an interview. When its Artio Global U.S. fund unit is sold in an initial public offering, Julius Baer would probably use the proceeds to buy back shares or acquire a private bank, he said. The shares rose 2 centimes, or 0.1 percent, to 29.02 francs.
Lanxess AG (LXS GY): Germany’s largest publicly traded specialty chemicals maker is scheduled to release fourth-quarter results. The company in January confirmed its 2008 guidance after a “very weak” fourth quarter. The shares declined 5 percent to 13.04 euros.
SGL Carbon SE (SGL GY): The world’s largest maker of carbon and graphite products plans to report fourth-quarter results. The shares decreased 7.6 percent to 18.60 euros.
Swatch Group AG (UHR VX): The world’s largest watchmaker holds analyst and media conferences. The shares rose 10 centimes, or 0.1 percent, to 135.1 francs.
Telefonica SA (TEF SM): Spain’s largest telephone company sold 1 billion euros ($1.3 billion) of seven-year bonds, according to a banker involved in the sale. The shares gained 8 cents, or 0.5 percent, to 15.16 euros.
UniCredit SpA (UCG IM): Italy’s biggest bank by assets plans to report fourth-quarter and full-year results before the market opens. The bank plans to hold a conference call at 10:30 a.m. local time.
UniCredit may report a 72 percent drop in fourth-quarter profit to 351 million euros, the consensus estimate of 22 analysts posted on the bank’s Web site showed. Earnings for 2008 were probably below the company’s goal of 4 billion euros, according to the survey. The stock climbed 0.3 percent to 96.85 euro cents.
To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net
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