European Factors to Watch-Shares seen edging higher at the open

martes 25 de noviembre de 2014 02:39 GYT
 

(Adds further market calls, company news)
    LONDON, Nov 25 (Reuters) - Financial spreadbetter IG expected Britain's FTSE
100 to open between unchanged and 4 points higher, or as much as 0.1
percent, Germany's DAX to open 14 to 20 points higher, or as much as
0.2 percent, and France's CAC 40 to open 5 to 7 points higher, or as
much as 0.2 percent.
    
    COMPANY NEWS
    
    GLENCORE 
    Peabody Energy Corp and Glencore have agreed to form a joint venture
at two neighbouring mines in Australia's Hunter Valley, in a bid to slash costs
amid a slump in coal prices.    
    
    BAYER 
    The drugmaker is considering the sale of its diabetes device business,
Bloomberg reported on Monday, citing sources.
    The unit, thought to be worth 1 billion to 2 billion euros ($1.24 billion to
$2.49 billion), might attract bids from private equity firms such as Cinven Ltd,
EQT Partners AB and Triton Advisers Ltd, Bloomberg said, citing people familiar
with the matter.    
    
    ROCHE 
    Genentech, U.S. biotech unit of Roche Holding, faces growing
pressure over a decision to allow only a handful of distributors to supply three
of the world's most widely used cancer drugs, a move that prominent hospitals
say will create delays and raise costs. 
    
    NOVO NORDISK 
    The Danish pharmaceutical company said late on Monday it has reduced the
number of executives from seven to six. In this connection Executive Vice
President and Chief of Staffs Lise Kingo has decided to leave Novo Nordisk.
    Lars Rebien Sorensen is still Chief Executive Officer and Kaare Schultz is
still President and Chief Operating Officer. 
    
    LUXOTTICA 
    Chairman Leonardo Del Vecchio has raised his stake in Delfin, a holding
company through which he controls the world's largest spectacles maker, paving
the way for his wife to inherit a stake commanding a major say in Luxottica's
future. 
       
    E.ON, ENEL, HERA, ERG, EDF 
    The sale of the German utility's Italian assets has drawn interest from a
handful of energy companies and investment funds on the final day for binding
bids, sources familiar with the matter said on Monday. 
    
    EDF 
    France's hardline CGT union called for a nationwide one-day strike in the
nuclear sector on Thursday to protest over working conditions, a union official
said.
    
    ALLIANZ 
    The insurer aims to invest another billion euros in wind power projects over
the next three years, Handelsblatt reported, citing David Jones of unit Allianz
Capital Partners.
    
    FRAPORT, METKA, VINCI, ELLAKTOR 
    The three groups bidding to lease and operate 14 of Greece's 39 regional
airports have met the necessary technical requirements and their offers will be
opened on Tuesday, the privatisation agency said on Monday.
    The country's privatisation agency HRADF said Germany's Fraport jointly with
Slentel Ltd, Argentina's holding company Corporation America with Greek
engineering firm Metka, and France's Vinci with Greek contractor Ellaktor had
met the technical specifications. 
    
    KLOECKNER & CO 
    The steel distributor said it signed an agreement with Meyer Werft putting
it in charge of the cruise ship builder's supply of shipbuilding steel.
 
    
    TELEFONICA DEUTSCHLAND 
    The mobile phone company no longer expects to be able to cut 700 jobs by the
end of this year as planned as talks with worker representatives drag on,
Rheinische Post reported. It said management was so far offering workers 270
million euros.
    
    TELEKOM AUSTRIA  
    Telekom Austria has finalised its cash call, reaching 99.7 percent of its
target of 1 billion euros ($1.24 billion) with top shareholders Carlos Slim and
Austria's state holding company OIAG making full use of their allotments, as
expected. 
    
    ZODIAC AEROSPACE 
    The maker of airplane interiors predicted a gradual return towards normal
levels of profitability in the current financial year after posting lower
2014/15 profits, hit by currencies and production delays in galleys and aircraft
seating. 
    
    MAJOR EUROPEAN COMPANIES REPORTING:
          Kingfisher PLC  Q3 2014 Kingfisher PLC Trading Update
 
   
    MAJOR U.S. COMPANIES REPORTING :
    BMO    Q3 2014 Tiffany & Co                      
    AMC    Q4 2014 Hewlett-Packard                   
    
    MAJOR MACROECONOMIC DATA/EVENTS (GMT)  :
    0700 DE GDP Detailed Q3
    0745 FR Business Climate Nov
    1330 US GDP Prelim
    1330 US PCE Prices prelims
    1400 US CaseShiller Sep
  
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  > GOLD HOLDS BELOW $1,200; DOLLAR, SWISS VOTE IN FOCUS           
  > COPPER PRESSURED BY CHINA GROWTH OUTLOOK CONCERNS              
  > BRENT CRUDE DROPS TO $79.50, EXPECTATION OF BIG OPEC CUT WANES 
    

 (Reporting By Francesco Canepa)