Carrefour, Danone, EDF, Mecelec, Rhodia: 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.
France’s CAC 40 Index fell 0.7 percent to 3,610.44. The SBF 120 Index lost 0.6 percent to 2,707.65.
Carrefour SA (CA FP): The world’s second-largest retailer cut its 2010 profit forecast and said it take a charge at its Brazilian unit of 550 million euros, more than triple its previous estimate. The shares fell 2.2 percent to 34.86 euros.
Danone SA (BN FP): The maker of yogurts and Unimilk finalized an accord to merge their fresh dairy product businesses in Russia and the other Commonwealth Independent States countries. Danone shares slid 0.1 percent to 42.13 euros.
Electricite de France SA (EDF FP): The country’s largest power company said it will pay an interim dividend of 0.57 euro a share for 2010. EDF shares rose 0.5 percent to 32.13 euros.
Geci International (GECP FP): The engineering services company posted a first-half net loss of 1.9 million euros compared with a year-earlier profit of 200,000 euros. The shares fell 3.4 percent to 2.82 million euros.
Mecelec SA (MCLC FP): The manufacturer of industrial equipment said it seeks to raise 5.73 million euros through the sale 1.91 million new shares. The company’s shares rose 4.6 percent to 4.55 euros.
Rhodia SA (RHA FP): The French chemicals maker completed the purchase of Feixiang Chemicals, a Chinese maker of amines and surfactants, which employs about 650 people. Rhodia shares fell 0.9 percent to 20.34 euros.
Saft Groupe SA (SAFT FP): The designer and manufacturer of high-tech battery systems for industrial applications said it is starting a Brazilian unit to expand in developing markets. The shares fell 1.4 percent to 24.30 euros.
Societe Pour L’Informatique Industrielle (SII FP): The software and services company posted an increase in first-half net income to 3.32 million euros from 1.36 million euros. The shares slipped 0.2 percent to 4.36 euros.
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