Atos, EDF, France Telecom, Hermes, Remy: French Equity Preview
The following is a list of companies whose shares may have unusual price changes in Paris. Stock symbols are in parentheses after company names and prices are from the last close.
Atos Origin SA (ATO FP), Cap Gemini SA (CAP FP): Royal Bank of Scotland Group Plc rated the companies “buy” in new coverage. Atos dropped 1.5 percent to 30.73 euros and Cap Gemini retreated 3.3 percent to 32.40 euros.
Akka Technologies (AKA FP): The technology consultant said it sees improved profitability in the second half and confirmed its full-year sales target of 400 million euros ($524 million). The shares fell 0.3 percent to 14 euros.
Electricite de France SA (EDF FP): France’s largest power company named Eric Bret as chief executive of its U.S. unit, with a mandate to develop nuclear activities in the U.S. The shares fell 1.9 percent to 31.96 euros.
France Telecom SA (FTE FP): France’s largest telephone company will partner with Paris newspapers Le Figaro and Liberation to distribute content through a “digital newsstand” and share revenue with the titles. The shares fell 2.7 percent to 15.76 euros.
Generale de Sante SA (GDS FP): The operator of private hospitals said it removed Frederic Rostand as chairman of its management board as a result of “different strategic views about the future development of the company” and replaced him with Ferruccio Luppi. The shares fell 1.8 percent to 10.71 euros.
Hermes International (RMS FP): The luxury goods company hired BNP Paribas SA and Bank of America as advisers to fight off a possible takeover by LVMH Moet Hennessy Louis Vuitton SA. The shares fell 0.4 percent to 142 euros.
Remy Cointreau SA (RCO FP): The second-biggest distiller in France said first-half profit tumbled 65 percent to 14.1 million euros ($18.5 million) after it wrote down the value of its Metaxa brand as sales slumped in Greece. Sales at the Paris- based company increased 18 percent to 428.2 million euros, or 11 percent excluding currency shifts and acquisitions. The shares dropped 2.4 percent to 52.11 euros.
Rue du Commerce SA (RDC FP): The online electronics retailer said its first half loss widened to 2.4 million euros from 700,000 euros a year ago. The shares fell 1.1 percent to 6.20 euros.
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