By Ludwig Marek
Oct. 11 (Bloomberg) -- The following stocks may rise or fall in European markets. Prices are as of the local market's close from the last trading day. Stock symbols are in parentheses after company names.
The Dow Jones Stoxx 600 Index fell 1.08, or 0.4 percent, to 243.07, paring this week's gain to 0.5 percent. The Stoxx 50 shed 15.10, or 0.6 percent, to 2734.09. The Euro Stoxx 50, a benchmark for the 12 countries using the euro, lost 18.20, or 0.6 percent, to 2816.42, bringing the index' gain to 0.7 percent.
Allianz AG (ALV GY): Europe's largest financial services company expects hurricanes in recent months to reduce its 2004 pretax profit by $200 million, spokesman Ashraf Sharkawy said. The shares fell 91 cents, or 1.1 percent, to 85.38 euros.
Altran Technologies SA (ALT FP): A French engineering and technology consulting company, which is under investigation for inaccurate accounts, will publish first-half earnings today. The shares slipped 5 cents, or 0.8 percent, to 6.21 euros.
AstraZeneca Plc (AZN LN): U.K.'s second-biggest drugmaker said the U.S. Food and Drug Administration rejected its application to sell the blood thinner Exanta. An FDA advisory panel said last month that Exanta posed too great a risk for heart and liver damage to be approved. The shares gained 6 pence, or 0.3 percent, to 2165 pence.
Bayer AG (BAY GY): The Lanxess chemical unit of Germany's second-biggest drug and chemical maker may be valued between 1 billion euros ($1.2 billion) and 1.3 billion euros in a planned spin off, Boersen-Zeitung said, citing unidentified people close to the situation. The shares fell 26 cents, or 1.1 percent, to 22.75 euros.
DaimlerChrysler AG (DCX GY): The U.S. unit of the world's fifth-largest carmaker, Chrysler, may decide within two weeks whether to add a third shift and boost jobs 37 percent at a Brampton, Ontario, factory to make the Dodge Charger sedan, Chief Operating Officer Thomas LaSorda said.
Separately, Chrysler said it will recall certain models of its Dodge Caravan and similar minivans to replace a part that can cause the air bag, horn or cruise control to fail. The recall will involve 955,000 vehicles. The shares shed 35 cents, or 1 percent, to 34.06 euros.
Deutsche Lufthansa AG (LHA GY): Europe's third-biggest airline probably won't reach an agreement with unions over labor savings before year end, Der Tagesspiegel said, citing Ver.di services union representative Steffen Kuhhirt.
Also, the Cologne, Germany-based airline will publish its September traffic figures today. The shares fell 23 cents, or 2.3 percent, to 9.59 euros.
Deutsche Telekom AG (DTE GY): Europe's largest phone company has requested approval from the European Commission for its planned purchase of the remaining stake in Polska Telefonia Cyfrowa Sp. z.o.o., Reuters reported. Also, the shares' rating was reinstated ``outperform'' by Vikas Maheshwari, an analyst at First Global Stockbroking. The shares fell 16 cents, or 1 percent, to 15.22 euros.
Edison SpA (EDN IM): Italy's second-largest power producer said it got environmental approval to build a shipping terminal for natural-gas imports on Italy's west coast at Rosignano, near Livorno, with BP Plc (BP/ LN) and Solvay SA (SOLB BB).
Separately, the shares' rating of the Milan, Italy-based company was raised to ``buy'' from ``hold'' by Federico Bruzzi, an analyst at Deutsche Bank AG. Edison shares rose 5 cents, or 3.6 percent, to 1.52 euros.
Enel SpA (ENEL IM): Italy's government said it will sell as many as 1.15 billion shares, or 19 percent, of the country's largest utility, to the public. No price range of the offering has been provided. Enel shares added 3 cents, or 0.4 percent, to 6.64 euros.
Henkel KGaA (HEN3 GY): The long-term corporate credit rating at the German maker of Persil detergent and owner of Dial Corp. was lowered to A- from A by Standard & Poor's Corp. citing that the company's latest acquisition in the U.S. is weighing on its indebtedness. The shares slipped 41 cents, or 0.7 percent, to 60.20 euros.
Novo Nordisk A/S (NOVOB DC): The world's largest maker of diabetes drugs has received approval by the U.S. Food and Drug Administration for its Norditropin NordiFlex drug, a disposable hormone, to treat children with growth failure. The shares rose 0.2 percent to 316 Danish kroner.
Royal KPN NV (KPN NA): The largest Dutch phone company said it expects to make its 13.50 euro-a-share bid for the rest of SNT Groep NV this month, as it seeks to gain full control of its call centers. The shares slipped 12 cents, or 1.9 percent, to 6.23 euros.
Sanofi-Aventis SA (SAN FP): Moody's Investors Services said it assigned a A2 senior unsecured issuer rating to the world's largest maker of flu vaccine. The A2 rating for Sanofi-Aventis reflects primarily the strengths and diversification of the newly formed group, said Moody's. The shares slid 50 cents, or 0.9 percent, to 57.7 euros.
Shell Transport & Trading Company plc (SHEL LN): The owner of 40 percent of Royal Dutch/Shell Group, Europe's second-largest oil and gas producer, may move. Royal Dutch/Shell Group said repairs to three oil pipelines in the Gulf of Mexico damaged by Hurricane Ivan were halted because of inclement weather. The shares shed 1.25 pence, or 0.3 percent, to 421 pence.
Siemens AG (SIE GY): Heinrich von Pierer, chief executive officer at Germany's largest engineering company, will speak at the Hotel George V in Paris about the company's marketing efforts in France. The speech starts at 9 a.m. local time. The shares dropped 59 cents, or 1 percent, to 61.26 euros.
Swiss International Air Lines Ltd. (SWIN SW): Switzerland's unprofitable national carrier will release September traffic figures today. The shares traded unchanged at 8 Swiss francs.
Total SA (FP FP): Europe's third-largest oil company discovered a natural gas field in Bolivia with as much as 15 trillion cubic feet of gas, equal to about half the South American country's current reserves, the government said.
Separately, the shares' rating was raised to ``outperform'' from ``peerperform'' by Frederick Leuffer, an analyst at Bear Stearns & Co. The shares slumped 1.3 euros, or 0.8 percent, to 168.5 euros.
UBS AG (UBSN VX): The Canadian arm of Europe's largest bank by assets, UBS Securities Canada Inc., was fined C$2 million ($1.6 million) for inflating its stock trading numbers, in the largest fine levied since Canada's stock market regulator was created two years ago. The shares fell 75 centimes, or 0.8 percent, to 89.15 Swiss francs.
Veolia Environnement SA (VIE FP): The world's second-biggest waste company plans to raise its dividend by about 15 percent a year, the French newspaper Le Journal des Finances reported, citing an interview with Chief Executive Officer Henri Proglio. The shares slipped 6 cents, or 0.3 percent, to 23.79 euros.
Volkswagen AG (VOW GY): The U.S. unit of Audi, a luxury-car subsidiary of Europe's largest carmaker, said it will recall 28,363 A6S models built in between 1998 and 1999 because the throttle in some models may not return to its idle position during cold weather conditions. The Canadian unit of Audi plans to recall 2,432 of A6S models for the same reason. The shares dropped 37 centimes, or 1.1 percent, to 33.90 euros.
To contact the reporter on this story: Ludwig Marek in New York at lmarek1@bloomberg.net
Last Updated: October 11, 2004 00:10 EDT
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