25 de noviembre de 2014 / 7:38 / hace 3 años

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

(Re-writes throughout, adds future, further company news)

LONDON, Nov 25 (Reuters) - Euro zone shares were set to edge lower on Tuesday, snapping a two-day rise that left some key regional indexes in “overbought” territory on a technical basis.

Futures for the Euro STOXX 50 equity index, Germany’s DAX and France’s CAC were between 0.1 percent and 0.2 percent lower at 0734 GMT.

The Euro STOXX 50, DAX and CAC indexes all closed in “overbought” territory on Monday, based on their 7-day Relative Strength Index, a momentum indicator which measures the size of recent price moves.

Mergers & acquisitions speculation was once likely to take centre stage on Tuesday.

Drugmaker Bayer is considering the sale of its diabetes device business, Bloomberg reported on Monday, citing sources.

A prominent mining banker has told hedge funds that Glencore will merge with Rio Tinto at some point, according to press reports.

COMPANY NEWS

GLENCORE, RIO TINTO

Hedge funds including GLG Partners, DE Shaw & Co, and Pentwater Capital Management were told this month by a prominent London mining banker to prepare for an all-but-inevitable takeover of Rio Tinto Group by Glencore Plc (GLEN), Bloomberg reported late on Tuesday, citing people familiar with the meeting. bit.ly/1zlZfRJ

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.

KINGFISHER

Europe’s No. 1 home improvement retailer posted an 11.8 percent decline in third quarter profit, hurt by a tough French market and foreign currency movements.

SEVERN TRENT

British water supplier Severn Trent reported a 3 percent rise in half-year profit before tax, allowing it to maintain its promise to pay a higher dividend for the full year.

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 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 > ASIAN SHARES SLIP, OIL EDGES DOWN AHEAD OF OPEC > S&P 500 TICKS UP TO RECORD ON CENTRAL BANK BETS > NIKKEI RISES ON WALL ST, CHINA‘S EASING > U.S. BOND PRICES INCH HIGHER ON STRONG TWO-YEAR BIDDING > EURO STEADIES AFTER GERMAN SURVEY, AUSSIE SLIPS > 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; Editing by Alistair Smout

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