Gameloft, Klepierre, PPR, Publicis, SIPH: French Equity Preview
Stock Chart for Kering (PP)
The following is a list of companies whose stocks may have unusual price changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
Gameloft (GFT FP): Europe’s biggest maker of games for mobile phones said sales rose 20 percent to 39.5 million euros ($58.1 million) in the first quarter. The shares fell 1.1 percent to 4.58 euros.
Klepierre (LI) SA Europe’s second-largest shopping- center owner said first-quarter sales increased to 254 million euros from 246.3 million euros a year earlier. The stock rose 1.6 percent to 27.15 euros.
PPR SA (PP FP): The owner of the Gucci fashion Brand reported first-quarter sales that beat analysts’ estimates and said it’s confident of surpassing its last year’s financial performance. Revenue from continuing operations rose 9.1 percent to 3.71 billion euros ($5.4 billion). The average estimate of four analysts compiled by Bloomberg was for sales of 3.61 billion euros. Luxury-goods sales climbed 26 percent, PPR (PP) said. The shares gained 0.3 percent to 118.45 euros.
Publicis Groupe SA (PUB) : The owner of Leo Burnett and Saatchi & Saatchi advertising agencies said it bought a minority stake Tailor Made, a Brazilian agency, and may acquire the rest later. The stock climbed 0.1 percent to 37.44 euros.
Societe Internationale de Plantations d’Heveas SA (SIPH) : The rubber producer said Chairman Yves Lambelin has been kidnapped and Jean-Louis Billion is taking over his role. The company also said net income rose to 66.1 million euros in 2010 from 38.9 million euros a year earlier. The shares jumped 4 percent to 102.95 euros.
Unibail-Rodamco SE (UL) : Europe’s largest publicly traded real estate company named Michel Dessolain as chief strategy officer and Christophe Cuvillier as chief operating officer. The stock rose 0.1 percent to 155 euros.
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