Bourbon, Corio, Heineken, Swiss Life: European Equity Preview

By Whitney Kisling

Aug. 26 (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 gained 0.4 percent to 237.84. The Dow Jones Stoxx 50 Index rose 0.5 percent to 2,415.40. The Euro Stoxx 50 Index, a benchmark for nations using the euro, added 0.8 percent to 2,801.14.

Banca Popolare di Milano Scrl (PMI IM): The country’s oldest cooperative bank posted a 19 percent drop in second- quarter profit as it earned less from lending and put aside more money to cover bad loans. The shares rose 6 cents, or 1.2 percent, to 4.88 euros.

Bourbon SA (GBB FP): The oil services company reports first-half earnings before the market opens in Paris. The shares added 47.5 cents, or 1.5 percent, to 32.29 euros.

Corio NV (CORA NA): The biggest Dutch property developer is scheduled to report first-half results after trading ends. Corio increased 1.34 euros, or 3.2 percent, to 43.60 euros.

Dexia SA (DEXB BB): The world’s largest lender to local governments may say second-quarter net income dropped 27 percent to 388.5 million euros, the average of six analyst estimates compiled by Bloomberg. Dexia reports earnings after the close of trading. The shares advanced 14 cents, or 2.2 percent, to 6.50 euros.

Heineken NV (HEIA NA): The world’s third-largest brewer may report first-half net income rose 4.4 percent to 425 million euros ($608 million), the average of nine analyst estimates compiled by Bloomberg. Heineken slipped 4 cents, or 0.1 percent, to 27.86 euros.

Natixis SA (KN FP): The investment bank whose losses pushed its biggest shareholders to merge reports first-half earnings before the market opens in Paris. The shares last traded Aug. 24 when they rose 3.4 cents, or 1.5 percent, to 2.31 euros.

Repsol YPF SA (REP SM): Spain’s largest oil refiner may be active after crude oil rose for a fifth day to a 10-month high, as stronger equities bolstered confidence in the economic recovery. Repsol shares gained 36.5 cents, or 2.1 percent, to 17.47 euros.

Swiss Life Holding AG (SLHN VX): Switzerland’s biggest life insurer may say first-half profit fell 89 percent from a year earlier, when it had gains from selling its wealth management business and Dutch and Belgian units. The shares gained 3.8 francs, or 3.1 percent, to 127 francs.

Suez Environnement SA (SEV FP): The world’s second-biggest water company reports first-half earnings before the market opens in Paris. The shares gained 11 cents, or 0.9 percent, to 13.04 euros.

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