French Stocks Climb; Acteos, Altran, Areva, Hermes, Renault, Technip Move
France’s CAC 40 Index gained 0.6 percent to 3,865.72 at the 5:30 p.m. close in Paris. The SBF 120 Index increased 0.7 percent to 2,884.76.
The following shares rose or fell in Paris. Stock symbols are in parentheses.
Acteos SA (EOS FP) rose 3.6 percent to 2.60 euros, after earlier jumping as much as 10 percent. The wireless network company said third-quarter sales rose 27 percent to 2.9 million euros ($4.1 million).
Altran Technologies SA (ALT FP) jumped 2.9 percent to 3.23 euros, its steepest advance in almost three weeks. The engineering company reported third-quarter revenue of 344.9 million euros and said it recorded a “significant” improvement in profit margins in the second half.
Areva SA (CEI FP) advanced 3.6 percent to 346.90 euros, a third gain. The world’s biggest builder of nuclear reactors is set to announce a contract worth $3 billion for the delivery of uranium to China Guangdong Nuclear Power Corp., Les Echos reported, without saying where it got the information.
Boursorama SA (BRS FP) tumbled 3.1 percent to 8.67 euros, the first decline in five days. The brokerage said it had third- quarter net income of 9.2 million euros, down from 13.6 million euros a year earlier.
Hermes International SCA (RMS FP), the maker of luxury leather goods, rose 6.4 percent to 154.20 euros, the first advance in six days. The French stock market regulator is still reviewing LVMH Moet Hennessy Louis Vuitton SA’s purchase of a 17.1 percent stake in Hermes, Les Echos said, citing the watchdog’s president Jean-Pierre Jouyet.
PSA Peugeot Citroen (UG FP) fell 1.4 percent to 28.35 euros. Renault SA (RNO FP) dropped 1.7 percent to 39.01 euros. French new car registrations fell 19 percent in October to 171,449 from year-earlier levels, the national carmakers’ association said in an e-mailed statement today.
Technip SA (TEC FP), Europe’s second-largest oilfield- services provider, increased 2.3 percent to 64.22 euros. Crude oil surged to its highest level in three weeks as the dollar weakened against major currencies on speculation the Federal Reserve will inject funds into the U.S. economy. Total SA (FP FP), Europe’s biggest refiner, advanced 1.5 percent to 39.85 euros.
To contact the editor responsible for this story: David Merritt at firstname.lastname@example.org.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.