Breaking News


French Stocks: Air Liquide, Cap Gemini, Renault, NicOx, Veolia

France’s CAC 40 Index climbed 24.01, or 0.6 percent, to 3,810.22 at the 5:30 p.m. close in Paris, paring this week’s drop to 3 percent. The SBF 120 Index rose 0.7 percent today.

The following companies’ shares are active in the French capital. Stock symbols are in parentheses.

Air Liquide SA (AI) gained 1.2 percent to 89.40 euros. The world’s largest maker of industrial gases said production units in west and south Japan are currently operating at a “sustained pace” to meet additional demand from customers.

Cap Gemini SA (CAP) advanced 1.4 percent to 39.10 euros after CA Cheuvreux said the valuation for Europe’s largest computer-services company was “attractive.”

Heurtey Petrochem SA (ALHPC) rallied 2.4 percent to 25.70 euros after the maker of refining equipment reported a 61 percent jump in 2010 net income to 4.5 million euros ($6.4 million).

NicOx SA (COX) jumped 8 percent to 2.36 euros after the company granted an option to Grupo Ferrer Internacional SA to acquire the marketing rights for the naproxcinod osteoarthritis drug. If Ferrer exercises the option, NicOx may receive as much as 7 million euros in payments, NicOx said.

NRJ Group (NRG) SA jumped 4 percent to 7.50 euros after The French radio station owner said net income quadrupled to 32.3 million euros in 2010.

Renault SA (RNO) increased 1.5 percent to 38.14 euros, extending yesterday’s 4.4 percent rally. Chief Operating Officer Patrick Pelata behaved “responsibly and in a dignified manner” after the company wrongly accused and fired three executives for selling secrets, French Finance Minister Christine Lagarde said.

Separately, Nissan Motor Co., Japan’s third-largest carmaker, is in talks to buy more than 25 percent of OAO AvtoVAZ in a bid to secure control of the Russian carmaker with Renault.

Veolia Environnement SA (VIE) jumped 3 percent to 21.75 euros after Cheuvreux raised its recommendation for the world’s biggest water utility to “outperform” from “underperform.”

To contact the reporter on this story: Sarah Jones in London at

To contact the editor responsible for this story: Andrew Rummer at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.