Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

French Stocks: Accor, Air France-KLM, Atari, Societe Generale

Don't Miss Out —
Follow us on:

May 26 (Bloomberg) -- France’s CAC 40 Index rose 77.3, or 2.3 percent, to 3,408.59. The SBF 120 Index climbed 2.4 percent to 2,526.67.

The following were among the most active stocks on French equity markets today.

Accor SA (AC FP) advanced 3.1 percent to 38.11 euros. Europe’s largest hotelier said bondholders approved a plan to spin off its services division into a separate company.

Air France-KLM Group (AF FP) rose 4.8 percent to 9.28, recouping some of yesterday’s 4.2 percent slump. The airliner plans to restart talks with Airbus SAS and Boeing Co. on an order for between 100 and 150 long-haul planes, French daily La Tribune reported, citing an unidentified manager at Air France-KLM. The order may be worth as much as $38 billion at catalogue prices, the newspaper reported.

Air France plans to restart the talks in the fourth quarter of this year and may place the order in 2011, or sooner, the newspaper cited the executive as saying.

Atari SA (ATA FP) surged 42 percent to 4.84 euros. The video-game maker reported second-half net income of 3.8 million euros, compared with a loss of 171.3 million euros a year earlier.

Lafarge SA (LG FP) advanced 4.6 percent to 45.17 euros. The world’s biggest cement maker agreed to set up a new company that will combine its central European cement business with that of Strabag SE. The new company, Lafarge Cement CE Holding GmbH, will be 70 percent owned by Paris-based Lafarge and will cut the parent’s debt by 77.5 million euros.

Societe Generale (GLE FP) climbed 1.3 percent to 33.45 euros. Frederic Oudea, chief executive officer of France’s second-largest bank by market value, told investors that 2010 will be a “rebound” year and confirmed a forecast for losses of between 700 million euros and 1 billion euros from toxic assets.

To contact the reporter on this story: Adam Haigh in London at ahaigh1@bloomberg.net

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.