Accor, Carrefour, Deutsche Telekom, KPN: Europe 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 1.1 percent to 205.83. The Dow Jones Stoxx 50 Index declined 1.2 percent to 2,098.28. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, dropped 1.5 percent to 2,401.69.

Accor SA (AC FP): Europe’s largest hotel company is studying a plan to cut 230 jobs at its French headquarters and hotels division. The shares dropped 58.5 cents, or 2 percent, to 28.26 euros.

Areva SA (CEI FP): The world’s biggest maker of nuclear reactors said it plans to sell a stake of about 15 percent and may divest its power-grid operation to finance expansion in the growing global atomic power market. The investment certificates lost 9.26 euros, or 2.2 percent, to 415.54 euros.

Carrefour SA (CA FP): Europe’s biggest retailer expects first-half sales, including VAT, to total about 46 billion euros. Net income for the period will probably reflect 550 million euros of one-time charges, the company said. Full-year activity contribution, or operating profit, will be between 2.7 billion and 2.8 billion euros. The shares fell 95.5 cents, or 3 percent, to 30.42 euros.

Credit Agricole SA (ACA FP): France’s third-biggest bank raised its stake in share custody unit Caceis to 85 percent, after buying another 35 percent stake from Natixis SA (KN FP) for 595 million euros. Credit Agricole shares lost 36.4 cents, or 3.9 percent, to 8.88 euros, while Natixis rose 0.2 cent to 1.38 euros.

Deutsche Telekom AG (DTE GY): Europe’s largest phone company is offering Vodafone Group Plc access to its high-speed VDSL network at a price of around 28 euros ($39.29) per month and connection, Frankfurter Allgemeine Zeitung reported, citing unidentified company officials. The shares fell 0.4 percent to 8.40 euros.

Grupo Ferrrovial SA (FER SM): The Spanish builder said it refinanced 3.3 billion euros of loans with 35 banks, according to a regulatory filing. The new loan will mature in 3 years. The stock declined 14 cents, or 0.6 percent, to 22.87 euros.

Hypo Real Estate AG (HRX GY): The supervisory board of Hypo Real Estate seeks backing at the lender’s Aug. 13 general meeting for an investigation into the role of former executive board members in the near-collapse of the bank, the Sueddeutsche Zeitung newspaper reported. The shares dropped 2.6 percent to 1.49 euros.

Royal KPN NV (KPN NA): The largest Dutch phone company reached an agreement on the terms of the departure of Chief Financial Officer Marcel Smits. The finance chief will resign as statutory director on July 1. KPN added 1 cent, or 0.1 percent, to 9.80 euros.

Sodexo (SW FP): The world’s second-biggest catering company reports third-quarter revenue before the market opens in Paris. The shares added 14 cents, or 0.4 percent, to 36.59 euros.

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