European Factors to Watch-Shares seen rising; DAX eyes 9th weekly gain

viernes 13 de marzo de 2015 03:13 GYT
 

(Adds futures, further company news, detail)
    LONDON, March 13 (Reuters) - European shares were seen opening higher on
Friday, setting up Germany's Dax index for its longest streak of weekly
gains since 1998, after a broad rally on Wall Street overnight.
    Futures for the Euro STOXX 50 equity index, Germany's DAX 
and France's CAC were between 0.3 percent and 0.4 percent higher by 0713
GMT.
    Banking shares were set to be in the spotlight as legal and regulatory
issues continued to eat into the sector's profits.
    Swiss bank UBS said on Friday it had revised fourth-quarter net
profit attributable to shareholders down by 105 million Swiss francs ($104.31
million), primarily because it increased legal reserves to 3.05 billion francs.
 
    Commerzbank saw its 2014 net profit plunge to 264 million euros
from a previously reported 602 million euros after it booked additional charges
to complete a $1.45 billion settlement with U.S. authorities over alleged
sanctions violations.  
    The DAX was set for its ninth consecutive weekly gain, the longest winning
streak in 17 years. The CAC was also up on the week, which has seen euro zone
shares boosted by a fall in the common currency to a 12-year low against the
dollar.
    The FTSE, however, was down 2.2 percent from last Friday's close.
    
    COMPANY NEWS
    
    UBS  
    Swiss bank UBS said on Friday it had revised fourth-quarter net profit
attributable to shareholders down by 105 million Swiss francs ($104.31 million),
primarily because it increased legal reserves to 3.05 billion francs.
    
    COMMERZBANK 
    Commerzbank saw its 2014 net profit plunge to 264 million euros from a
previously reported 602 million euros after it booked additional charges to
complete a $1.45 billion settlement with U.S. authorities over alleged sanctions
violations.  
    
    THYSSENKRUPP 
    ThyssenKrupp has attracted interest from buyout groups and peer Aperam
  for its high-performance alloy unit VDM as it tries to shed
unwanted assets from a complex deal, sources said. 
    
    VOLKSWAGEN 
    Volkswagen is in talks to sell a 50 percent stake in financing arm LeasePlan
 to a consortium including the Abu Dhabi Investment Authority, a
source familiar with the plan said, as the carmaker cuts costs and refocuses its
business. 
    
    UK UTILITIES
    Opposition and Labour party leader Ed Miliband will reiterate his plans to
empower the energy regulator to force utility companies to cut bills in line
with falling energy prices if he wins May's general election, according to
British media.
    
    GLAXOSMITHKLINE 
    GlaxoSmithKline has raised $853 million via a partial sale of Aspen
Pharmacare shares. 
    
    ROYAL DUTCH SHELL 
    The United Steelworkers union and oil companies have reached a tentative
deal to end the largest U.S. refinery strike in 35 years, the labor group and
people familiar with the negotiations said on Thursday. The lead negotiator for
the companies is Royal Dutch Shell. 
    Royal Dutch Shell has abandoned two natural gas exploration wells in eastern
Ukraine after they were deemed uneconomical, the oil major said on Thursday.
    
    UK BANKS
    Britain's banks and other lenders have paid out 18 billion pounds ($27
billion) to compensate borrowers mis-sold payment protection insurance (PPI),
after paying out 339 million pounds in December, the financial regulator said.
 
    
    TOD'S 
    The luxury group reported an 18 percent fall in core profits on Thursday and
said still weak Chinese consumer spending and cold weather in North America had
also hit sales at the start of 2015. 
    
    ENEL GREEN POWER 
    Enel Green Power expects to complete the sale of a minority stake in a
portfolio of renewable energy assets in North America by the end of this month,
according to slides shown by the company in presenting its full-year results on
Thursday. 
    Italy's biggest renewable energy company said its net profit in 2014 fell 32
percent to 359 million euros ($381 million), impacted by an impairment on its
Greek assets.        
    
    SALVATORE FERRAGAMO 
    The Italian luxury group sees as reasonable a market consensus estimate for
a 10 percent rise in 2015 sales including the impact of currencies, Chief
Financial Officer Ernesto Greco told an analyst call on Thursday.
 
    The company reported a bigger-than-expected 13 percent rise in core profit
last year and said the first few months of 2015 supported expectations of
further growth this year. 
    
    AUTOGRILL 
    The Italian airport and motorway caterer said on Thursday it had signed a
new loan agreement for 600 million euros ($636 million) to repay revolving
credit facilities maturing in 2016 and to finance other group
activities. 
    The company is always looking for acquisitions, but does not expect anything
to happen anytime soon, Chief Executive Gianmario Tondato Da Ruos said on
Thursday.     
    
    MONDADORI, RCS MEDIAGROUP 
    Mondadori CEO Ernesto Mauri said the company's offer for RCS MediaGroup's
book unit could be financed through debt if it is in the 120-150 million euros
range. He later clarified that he gave the offer range only in reference to
media reports. 
    
    FIAT CHRYSLER AUTOMOBILES 
    The company is open to a combination with General Motors or Ford and a deal
with one of its U.S. counterparts would be "technically feasible", CEO Sergio
Marchionne told Bloomberg in an interview. He added that there were no
substantive talks between FCA and any of the two companies. 
    
    EXOR 
    Real estate group Cushman & Wakefield, in which Exor holds an 80.91 percent
stake, reported a 33.3 percent rise in 2014 adjusted net profit to $61.6
million, Exor said in a statement on Thursday.
    
    AXA 
    The French insurer said it planned to raise its stake in a joint venture
with Bharti Enterprises to 49 percent. 
    
    AREVA, EDF 
    Nuclear energy group Areva is in talks to enlist the help of state-owned
power utility EDF complete a troubled reactor project in Finland, Le Figaro
reported. 
        
    AEROPORTS DE PARIS 
    The operator of Paris Charles de Gaulle and Orly airports said passenger
traffic rose 2.8 pecent in February. 
    
    FIMALAC 
    The French financial services holding company said it had completed the sale
of 30 percent of Fitch Group to Hearst Corp. for $1.99 billion, retaining a 20
percent stake. 
    
    SABADELL :
    The bank is considering a 1.5 billion euro ($1.6 billion) capital hike to
help fund the possible purchase of British bank TSB, a banking source
with knowledge of the matter said late Thursday.  
    
    SPANISH BANKS
    The Andorra government dismissed the board of Banca Privada d'Andorra (BPA)
on Thursday, two days after taking control of the lender to investigate U.S.
allegations of money laundering. 
    
    MAJOR EUROPEAN COMPANIES REPORTING:
    
                 Full Year 2014 Eni SpA Earnings Release
                 Full Year 2014 Fincantieri SpA Earnings Release
                 Full Year 2014 Polyus Gold International Ltd Earnings Release
                 Full Year 2014 GfK SE Earnings Release
                 Half Year 2014 J D Wetherspoon PLC Earnings Release
                 Full Year 2014 Independent News & Media PLC Earnings Release
                 Q4 2014 Groupe Bruxelles Lambert S.A. Earnings Release
 
    MAJOR MACROECONOMIC DATA/EVENTS (GMT)  :
    1230 US PPI Feb
    1400 US Michigan sentiment prelim March
  
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 (Reporting By Francesco Canepa; Editing by Alistair Smout)