The following stocks may be active in France. Symbols are in parentheses after company names and prices are from the previous close.
France’s CAC 40 Index dropped 47.14, or 1.2 percent, to 4,050.27, falling for a second day. The SBF 120 Index retreated 1.1 percent.
Accor SA (AC FP): Europe’s largest hotelier said it will accelerate an asset disposal plan and forecast that last year’s market growth will continue in 2011.
The asset-sales expansion will help reduce adjusted net debt by a combined 1.2 billion euros ($1.6 billion) this year and in 2012. Accor will be able to dispose of more than the 450 hotels than it announced in its previous plan. The shares rose 0.4 percent to 35.2 euros.
BNP Paribas SA (BNP FP): BofA Merrill Lynch Global Research lowered its price estimate for the bank to 65 euros from 68 euros. The shares lost 2.8 percent to 55.56 euros.
Dassault Aviation SA (AM FP): The maker of Rafale fighter planes said fourth-quarter sales rose 14 percent to 1.29 billion euros. Dassault rose 2.8 euros to 624.99 euros.
European Aeronautic, Defense & Space Co. (EAD FP): Emiraje Systems, a company 49 percent owned by EADS, won a $550 million contract to modernize the United Arab Emirates army, Les Echos reported, citing EADS executive Herve Guillou.
The rest of Emiraje Systems is owned by Emirates Advanced Investments. EADS declined 0.6 percent to 21.05 euros.
Faiveley Transport (LEY FP): The maker of train equipment won a contract from the U.S. unit of Japan’s Nippon Sharyo to equip double-deck trains on Chicago’s suburban network with 160 auxiliary converters. Faiveley fell 3.5 percent to 65.60 euros.
Groupe SEB SA (SK FP): The maker of Tefal frying pans and Moulinex food mixers had its price estimate cut to 86 euros from 94.4 euros at Goldman Sachs Group Inc. The shares lost 0.5 percent to 69.68 euros.
Natixis SA (KN FP): The investment-banking and asset- management unit of France’s second-largest bank by branches said fourth-quarter profit fell 48 percent on lower revenue and after tax gains weren’t repeated.
Net income dropped to 442 million euros from 844 million euros a year earlier. That beat the 353 million-euro average estimate of seven analysts surveyed by Bloomberg. The shares increased 0.8 percent to 4.13 euros.
Nexity SA (NXI FP): The real estate company had its price estimate raised to 32.8 euros from 28.9 euros at Deutsche Bank AG. The shares lost 0.3 percent to 31.99 euros.
Rhodia SA (RHA FP): The maker of specialty chemicals had full-year net income of 259 million euros compared with a year- earlier loss of 132 million euros, the company said in an e- mailed statement today. The shares fell 0.7 percent to 21.96 euros.
Spir Communication (SPI FP): The publisher’s board proposed not paying a dividend for 2010. Spir declined 6.3 percent to 40.01 euros.
Technicolor (TCH FP): The company won a contract to supply France Telecom’s Orange with boxes to manage Internet access, television services and video games for home users, Le Figaro reported, without saying where it got the information. The shares dropped 1.6 percent to 5.12 euros.
Tharreau Industries (THAR FP): The non-woven textiles company said Finta Technologies is in talks to sell its stake. The shares were unchanged at 33 euros.
Transgene SA (TNG FP): Roche Holding AG ended an agreement under which it licensed the rights to an experimental Transgene vaccine. Transgene fell 2 percent to 14.80 euros.
Vivendi SA (VIV FP): The company won a judge’s decision to set limits on an adverse fraud verdict in a class-action lawsuit in New York by investors who claimed they were misled by the Paris-based music company.
Separately, Credit Suisse Group AG increased its price estimate to 23.8 euros from 22.2 euros. The shares fell 1.9 percent to 20.24 euros.