Aeroports de Paris, Intesa, Sofina: European Equity Preview

By Whitney Kisling

Aug. 28 (Bloomberg) -- The following companies may have unusual price changes in Europe trading. Stock symbols are in parentheses, and share prices are from the previous close.

Europe’s Dow Jones Stoxx 600 lost 0.5 percent to 235.24. The Dow Jones Stoxx 50 Index declined 0.3 percent to 2,394.84. The Euro Stoxx 50 Index, a benchmark for nations using the euro, fell 0.4 percent to 2,777.62.

Aeroports de Paris (ADP FP): The operator of the French capital’s Roissy-Charles de Gaulle and Orly airports reports first-half earnings before the market opens in Paris. The shares lost 85 cents, or 1.4 percent, to 59.67 euros.

Banca Monte dei Paschi di Siena SpA (BMPS IM): Italy’s third-biggest bank is scheduled to release first-half results before the market opens. The shares advanced 1.1 percent to 1.53 euros.

Bayer AG (BAY GY): The drugmaker’s material science unit will reduce costs by moving its research center in Uerdingen, Germany to a site in Leverkusen, Rheinische Post said, citing Guenter Hilken, the company’s head of polycarbonates. The stock fell 4.1 percent to 42.32 euros.

Bouygues SA (EN FP): The builder and mobile phone operator increased its sales forecast for 2009, helped by a “slight” improvement in the outlook for its construction business. First- half net income fell 22 percent to 547 million euros. The shares dropped 84.5 cents, or 2.6 percent, to 32.16 euros.

Carrefour SA (CA FP): Europe’s biggest retailer reports first-half earnings before the market opens in Paris. The shares fell 90.5 cents, or 2.8 percent, to 31.66 euros.

Deutsche Lufthansa AG (LHA GY): Europe’s second-biggest airline had its credit rating cut to BBB- from BBB by Standard & Poor’s Ratings Services. The outlook is negative. The shares fell 0.6 percent to 11.14 euros.

E.ON AG (EOAN GY): German utilities may be charged on at least half of their earnings from running nuclear power plants past scheduled shutdown dates if the next government overturns a phase-out of nuclear energy, Handelsblatt reported. E.ON added 1.4 percent to 29.83 euros. RWE AG (RWE GY) gained 1 percent to 65.12 euros.

Iberia Lineas Aereas de Espana SA (IBLA SM): Spain’s largest carrier may post a second-quarter loss of 71.4 million euros ($101.9 million), the average of analysts’ estimates collected by Bloomberg. The shares lost 2.5 cents, or 1.5 percent, to 1.70 euros.

Infineon Technologies AG (IFX GY): Europe’s second-biggest maker of semiconductors will seek to slash the pension benefits of former Chief Executive Officer Wolfgang Ziebart, Financial Times Deutschland reported without saying where it got the information. The company’s press department didn’t return a call seeking comment. A call to Ziebart’s home wasn’t answered. The stock added 0.8 percent to 3.37 euros.

Intesa Sanpaolo SpA (ISP IM): Italy’s second-biggest bank, may say second-quarter profit fell as it put aside more money to cover an increase in bad loans. Net income may decline to 407 million euros ($583 million) from 1.36 billion euros a year earlier, according to the median estimate of 13 analysts surveyed by Bloomberg. The shares rose 0.3 percent to 2.98 euros.

L’Oreal SA (OR FP): The world’s largest cosmetics maker said first-half profit fell 14 percent to 1.08 billion euros as European and U.S. shoppers bought less makeup and perfume. The shares declined 3 cents to 64.69 euros.

Royal Vopak NV (VPK NA): The world’s largest chemical and oil storage company is due to report first-half earnings before the market opens. The company had net income of 107.5 million euros a year earlier. Vopak advanced 40 cents, or 0.9 percent, to 45.50 euros.

Sofina SA (SOF BB): The investment firm controlled by the Boel family is scheduled to report first-half earnings. Sofina dropped 31 cents, or 0.5 percent, to 62.55 euros.

TUI AG (TUI1 GY): The biggest stakeholder in the Hapag- Lloyd AG container line expects an operating loss of between $700 million and $1 billion in the second half, Platow Brief reported, citing internal company documents. TUI’s press department wasn’t immediately available for comment. Hapag-Lloyd spokesman Klaus Heims declined to comment. TUI fell 1.5 percent to 5.90 euros.

To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net.