French Stocks: Alstom, Atos Origin, BNP, Remy Cointreau Shares
The following is a list of companies whose shares either rose of fell in Paris. Stock symbols are in parentheses.
Alstom SA (ALO FP) increased 2.6 percent to 31.74 euros as Deutsche Bank AG raised its recommendation on the world’s third- largest power-equipment maker to “buy.”
Atos Origin SA (ATO FP) climbed 2.4 percent to 31.45 euros after Royal Bank of Scotland Group Plc rated France’s second- biggest provider of computer services “buy” in new coverage.
BNP Paribas SA (BNP FP) dropped 3.4 percent to 45.60 euros, falling for an eighth consecutive day, the longest stretch of losses since January 2008. Societe Generale SA (GLE FP) lost 3.6 percent to 35.71 euros and Credit Agricole SA (ACA FP) sank 2.7 percent to 9.44 euros.
European bank stocks retreated as credit-default swaps on bank bonds surged to the highest level since April 2009 as concern mounted that Europe’s sovereign deficit crisis will increase funding costs and trigger losses for noteholders.
Remy Cointreau SA (RCO FP) retreated 3.1 percent to 50.50 euros. The second-biggest distiller in France said first-half profit tumbled 65 percent to 14.1 million euros ($18.4 million) after it wrote down the value of its Metaxa brand as sales slumped in Greece.
Safran SA (SAF FP) gained 1.2 percent to 24.14 euros as Goldman Sachs Group Inc. added the maker of commercial jet engines to its “conviction buy” list.
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