Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

French Stocks: Arcelor, Renault, SocGen, Unibail, Vallourec

France’s CAC 40 Index rose for a second day, adding 5.49, or 0.2 percent, to 3,612.76 in Paris. The SBF 120 Index also increased 0.2 percent.

The following stocks rose or fell in the French market. Symbols are in parentheses after company names.

ArcelorMittal (MT NA) rose for a second day, adding 59 cents, or 2.1 percent, to 28.59 euros. The world’s largest steelmaker was upgraded to “buy” from “neutral” at MF Global, which said “the outlook for the first quarter from U.S. companies that have already reported is one of improving shipments and prices.”

BNP Paribas SA (BNP FP) increased 86 euros, or 1.8 percent, to 48.32 euros. Banks stocks were the second-best performers in Europe as investors speculated the European Union will assist Greece in tackling its budget deficit. Credit Agricole SA (ACA FP) added 10 cents, or 1 percent, to 10.4 euros.

Carrefour SA (CA FP) rose 38 cents, or 1.1 percent, to 34.71 euros, a second day of gains. Europe’s biggest retailer was rated new “overweight” at Morgan Stanley.

Club Mediterranee SA (CU FP) fell 22.5 cents, or 2 percent, to 11.09 euros, the lowest since Sept. 3. Goldman Sachs Group Inc. removed Europe’s largest resort company from its “conviction buy” list.

Faurecia (EO FP) dropped 74 cents, or 5.2 percent, to 13.54 euros, the lowest since October. Europe’s largest maker of automotive interiors reported a second-half net loss of 69 million euros ($94.6 million) in a regulatory filing today.

Renault SA (RNO FP) gained for a second session, adding 67 cents, or 2.1 percent, to 33.31 euros. Nissan Motor Co. predicted a return to profit this fiscal year, scrapping an earlier loss estimate, helped by government incentives that boosted demand for the company’s vehicles in China and Japan.

Societe Generale SA (GLE FP) increased 76 cents, or 2 percent, to 39.56 euros, a second day of gains. Shares in the bank were raised to “add” from “neutral” by WestLB AG, which cited the stock’s relative underperformance this year.

STMicroelectronics NV (STM FP), Europe’s largest chipmaker, lost 9.1 cents, or 1.5 percent, to 5.81 euros, the lowest in almost a month. Morgan Stanley cut its global view on the technology industry to “underweight.”

Ubisoft Entertainment SA (UBI FP), Europe’s largest video- game maker, dropped 14.6 cents, or 1.5 percent, to 9.83 euros, erasing yesterday’s gain. U.S. rival Electronic Arts Inc. forecast full-year earnings that trailed some analysts’ estimates.

Unibail-Rodamco SE (UL FP) sank 9.3 euros, or 6 percent, to 144.8 euros, the largest loss since January 2009. Europe’s biggest shopping-center owner posted a 2009 net loss of 1.47 billion euros compared with a loss of 1.12 billion euros a year earlier after writing down 2.19 billion euros of property.

Separately, Kepler Capital Markets and Keijser Securities downgraded the stock to “hold” from “buy” and to “reduce” from “buy,” respectively.

Vallourec SA (VK FP) rose 3.25 euros, or 2.7 percent, to 126.10 euros, ending a three-session decline. JPMorgan Chase & Co. upgraded the world’s second-largest maker of steel tubes for oil and gas production to “overweight” from “neutral.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.