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 rose 1.6 percent to 3,669.29. The SBF 120 Index advanced 1.8 percent to 2,757.26.
Air France-KLM (AF FP): France’s civil aviation authority asked airlines to cut flights to and from Paris airports today because of expected heavy snowfall, with a 25 percent reduction of flights in and out of Roissy-Charles de Gaulle airport. The shares rose 3 percent to 13.88 euros.
BioMerieux SA (BIM FP): The maker of tests for HIV and hepatitis said it will take a one-off charge of about $5 million in 2010 to close its plant in Portland, Oregon, by the end of 2011, affecting some 100 employees. BioMerieux estimated annual savings from the move of about $3 million. The shares added 0.4 percent to 68.75 euros.
CGG-Veritas (GA FP): The world’s largest seismic surveyor for oil and gas was raised to “buy” from “sell” at Goldman Sachs Group Inc. The shares surged 4.7 percent to 18.68 euros.
Fonciere Developpement Logements (FDL FP): The real estate company said French insurer Macif bought a 1.3 percent stake. The shares were unchanged at 18 euros.
GDF Suez (GSZ FP): The gas company’s Chief Executive Officer Gerard Mestrallet said the cold weather in Europe has boosted gas consumption in France by 35 percent, according to Les Echos, citing an interview with Radio Classique. Mestrallet said the company has no supply problems, the newspaper said. The shares increased 0.4 percent to 25.65 euros.
Lagardere SCA (MMB FP): The company may sell its international magazine business to Hearst Corp. or German publisher Bauer AG, daily newspaper Les Echos reported, without saying where it got the information. The shares advanced 5.9 percent to 30.13 euros.
Neopost SA (NEO FP): The manufacturer of mailing and shipping equipment said third-quarter sales rose 8.6 percent to 233.7 million euros ($307.5 million). The company forecast that 2010 sales will grow 1 percent to 2 percent at constant exchange rates, and announced an interim dividend of 1.65 euros a share. The stock fell 0.6 percent to 67.51 euros.
Rhodia SA (RHA FP): The chemical maker’s Chief Executive Officer Jean-Pierre Clamadieu said a payout ratio of 20 percent for this year’s dividend is “probably a good reference.” The shares jumped 7 percent to 21.76 euros.
Sanofi-Aventis SA (SAN FP): Sanofi-Aventis SA’s $69-a-share offer for Genzyme Corp. is a “very good price,” Sanofi Chief Financial Officer Jerome Contamine said as he was leaving a conference in London. He declined to say whether Sanofi will extend its offer, which expires on Dec. 10. The stock rose 2.6 percent to 47.80 euros.
Schneider Electric SA (SU FP): The world’s largest maker of low-voltage equipment was raised to “buy” from “neutral” at UBS AG. The shares climbed 2.8 percent to 111.20 euros.
Technip SA (TEC FP): Europe’s second-largest oilfield- services provider won a $908 million contract to refurbish one of Algerian national oil company Sonatrach’s refinery, the company said in an e-mailed statement today. The shares soared 3.5 percent to 61.91 euros.
Wendel SA (MF FP): The publicly traded private equity company said its net asset value stood at 85.70 euros on Nov. 23, up 64 percent from a year earlier and up 36 percent since Aug. 25. The shares increased 4.5 percent to 62.17 euros.
To contact the editor responsible for this story: David Merritt at email@example.com