French Stocks Drop; Danone, Colas, Natixis, Vallourec Fall, Veolia Gains

France’s CAC 40 Index fell 58.21, or 1.5 percent, to 3,887.5 at the 5:30 p.m. close in Paris. The SBF 120 Index declined 1.4 percent, to 2,901.28.

The following stocks rose or fell in the French equity market. Company symbols are in parentheses.

Bouygues SA (EN FP) gained 1.5 percent to 33.62 euros. The French construction, television and telecommunications company said nine-month revenue fell to 23.1 billion euros ($31.7 billion) from 23.2 billion euros a year earlier.

Colas SA (RE FP) declined 2.8 percent to 139 euros. The French road-construction unit of Bouygues SA reported third- quarter sales of 3.8 billion euros, up 6 percent from a year earlier.

Credit Agricole SA (ACA FP) fell 5.1 percent to 11.61 euros and Societe Generale (GLE FP) lost 3.4 percent to 42.69 euros. BNP Paribas SA (BNP FP) slipped 2.3 percent to 53.53 euros. Banks retreated as Irish 10-year bonds tumbled for a 12th day, leading a rout in debt from Portugal to Greece, as LCH Clearnet Ltd. demanded its clients place a larger deposit when trading the nation’s securities after yields soared.

Danone SA (BN FP) fell 1.3 percent to 46.53 euros. The owner of the Evian and Volvic bottled-water brands is talking with Japanese beverage makers about sale of parts or all its water business, people with knowledge of the situation said.

Meetic SA (MEET FP) plunged 12 percent to 19.30 euros, the biggest drop in more than two years. The operator of a dating website said nine-month sales rose 23 percent to 137.7 million euros.

Natixis SA (KN FP) decreased 12 percent to 3.93 euros, the largest decline since August 2009. The investment-banking unit of France’s second-biggest bank by branches said third-quarter profit fell 16 percent, hurt by losses on its own debt.

Renault SA (RNO FP) fell 2.4 percent to 42.09 euros. European Union regulators are considering tightening a cap on carbon dioxide from cars by almost 50 percent over a decade. Peugeot SA (UG FP) dropped 2.3 percent to 29.60 euros.

Societe Television Francaise 1 (TFI FP) increased 0.5 percent to 12.55 euros. The owner of France’s most popular TV channel raised its forecast for 2010 sales to 2.56 billion euros from 2.53 billion euros previously. Third-quarter sales rose 9 percent to 541 million euros, the company said.

Vallourec SA (VK FP) fell 3.4 percent to 77.75 euros. The producer of steel pipes for the oil and gas industry said third- quarter profit rose 9 percent on higher demand for its products, and forecast sales will extend gains in the fourth quarter.

Veolia Environnement SA (VIE FP) rose 3.6 percent to 21.63 euros. The world’s biggest water utility said nine-month earnings rose 2.5 percent as sales from waste treatment increased.

Vilmorin & Cie. (RIN FP) gained 3.8 percent to 80.00 euros. Europe’s second-biggest seed company said fiscal first-quarter revenue rose 6.4 percent to 167.1 million euros. The company confirmed its full-year targets.

To contact the reporter on this story: David Altaner in London at daltaner@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge in London at ckeatinge@bloomberg.net

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