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French Stocks: Bull, Lafarge, Saint-Gobain, Technip Are Active

Feb. 18 (Bloomberg) -- France’s CAC 40 Index climbed 4.83, or 0.1 percent, to 4,157.14 at the 5:30 p.m. close in Paris, increasing 1.4 percent this past week. The SBF 120 Index added 0.1 percent today.

The following shares rose or fell in Paris. Stock symbols are in parentheses.

Bull (BULL FP) surged 6.4 percent to 3.84 euros. The French computer company said net income rose to 6.5 million euros ($8.9 million) in 2010 from 1.4 million euros in 2009.

Lafarge SA (LG FP) gained 4.1 percent to 47.90 euros. The world’s biggest cement maker and Anglo American Plc announced that they will merge their cement and ready mixed concrete businesses in the U.K. Separately, Lafarge proposed cutting its dividend to 1 euro a share from 2 euros a share. The company also pledged to reduce debt this year to protect its investment-grade credit rating. Lafarge posted fourth-quarter net income of 62 million euros, compared with a 38-million euro loss a year earlier. That was in line with analysts’ estimates for a 64.5 million-euro profit.

Cie. de Saint-Gobain SA (SGO FP), Europe’s biggest supplier of building materials, increased 2.1 percent to 42.75 euros.

Technip SA (TEC FP) lost 2.9 percent to 72.13 euros. The stock was cut to “add” from “buy” at Oddo Securities.

To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net.

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

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