French Stocks: Avenir, Eiffage, Ubisoft, Total Are Active in Paris Trading
The following stocks rose or fell in the French equity market. Company symbols are in parentheses.
Avenir Telecom (AVT FP) advanced 2.5 percent to 83 euro cents. The phone-equipment distributor said second-quarter revenue rose 6.3 percent to 158.7 million euros ($216 million).
Eiffage SA (FGR FP) fell 6.8 percent to 34.38 euros, its biggest drop since September 2009. Deutsche Bank AG is managing the sale of a 1.9 percent stake in France’s third-largest construction company in an accelerated offer, the German bank said late yesterday, without identifying who commissioned the sale.
Total SA (FP FP), Europe’s third-biggest oil company, fell 3.3 percent to 38.45 euros as crude retreated for a third day in New York.
Ubisoft Entertainment SA (UBI FP) plummeted 22 percent to 7.50 euros, the biggest drop since at least 1996, as Europe’s biggest video-game producer posted a first-half net loss of 89.8 million euros.
The shares were cut to “hold” from “buy” at Deutsche Bank AG and to “reduce” from “buy” at Natixis SA.
To contact the reporter on this story: Jack Jordan in London at email@example.com.
To contact the editor responsible for this story: Colin Keatinge at firstname.lastname@example.org.