среда, 21 ноября 2007 г.

Credit Suisse, Heineken, Royal Ahold: European Equity Preview

The following is a list of companies whose shares may have unusual price changes in Europe. Stock symbols are in parentheses after company names. Share prices are from the last close.

The Dow Jones Stoxx 600 added 1.1 percent to 358.65. The Dow Jones Stoxx 50 Index increased 1 percent to 3,627.96. The Euro Stoxx 50 Index, a benchmark for the nations using the euro, climbed 1.2 percent to 4,277.24.

Arcandor AG (ARO GY): The company's Thomas Cook AG unit plans to hold a presentation for analysts and investors to discuss its strategy. Arcandor shares added 24 cents, or 1.2 percent, to 20.29 euros.

Credit Suisse Group (CSGN VX): Switzerland's second-largest bank was added to Goldman Sachs Group Inc.'s ``conviction sell'' list because of its reliance on trading and capital markets to generate earnings. ``We continue to prefer banks with exposure to structural growth in emerging markets over banks with exposure to a potential cyclical recovery,'' London-based Goldman analysts wrote in a note to clients. The stock fell 1.1 francs, or 1.7 percent, to 64.4 francs.

Heineken NV (HEIA NA): The Dutch brewer, together with Carlsberg A/S, said in a statement that results at Scottish & Newcastle Plc.'s western European businesses were ``disappointing.'' The statement was released after trading hours.

Heineken has teamed up with Carlsberg of Denmark to buy the U.K.'s biggest brewer for 7.3 billion pounds ($15.1 billion), an offer Scottish & Newcastle has rejected as too low.

Heineken stock rose 23 cents, or 0.5 percent, to 44.50 euros.

Iberdrola SA (IBE SM): The world's largest owner of wind- power plants may raise as much as 5.9 billion euros in an initial public offering of its renewable energy unit, Iberdrola Renovables. Iberdrola aims to sell 20 percent of the unit for between 5.3 euros and 7 euros a share and the entire unit could be worth as much as 29.6 billion euros, the company said in a regulatory filing after market close.
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