ADP, Air Liquide, Areva, Saint-Gobain, Total: French Equity Market Preview
The following is a list of companies whose stocks may have unusual changes in Paris. Symbols are in parentheses after company names and prices are from the last close.
May futures on France’s CAC 40 Index lost 16 to 3,909.5 at 8:19 a.m. in Paris.
The CAC rose 46.09, or 1.2 percent, to 3,997.39 yesterday. The SBF 120 Index gained 1.1 percent.
Aeroports de Paris SA (ADP FP): The Paris airport operator is offering to exchange or buy back up to 750 million euros ($1 billion) of outstanding bonds for new, longer-dated notes. The shares fell 0.4 percent to 63.62 euros.
Air Liquide SA (AI FP): Deutsche Bank AG raised its price forecast on shares of the world’s biggest producer of industrial gases by 9.5 percent to 92 euros. The stock advanced 1.7 percent to 89.86 euros.
April Group (APR FP): The Lyon-based insurance broker said first-quarter revenue fell 9.6 percent to 184 million euros. The shares added 1.8 percent to 26.66 euros.
Areva SA (CEI FP): The company’s board is set to approve a 3 billion-euro capital increase at a meeting on April 29, French daily La Tribune reported, without citing anyone. The investment certificates increased 0.6 percent to 385.85 euros.
Burelle SA (BUR FP): The maker of plastic products said first-quarter revenue rose to 710.3 million euros from 495.3 million euros a year earlier. The shares rose 6.9 percent to 124 euros.
EDF Energies Nouvelles SA (EEN FP): The stock was raised to “overweight” from “neutral” at JPMorgan Chase & Co. The stock increased 0.3 percent to 34.57 euros.
ITS Group (ITS FP): The computer consulting company said first-quarter revenue rose to 18.5 million euros from 13 million euros and predicted “sustained sales growth” in 2010. The shares rose 2.8 percent to 6.95 euros.
Cie. de Saint-Gobain SA (SGO FP): Jefferies rated Europe’s biggest supplier of building materials “buy” in new coverage. The stock rose 0.9 percent to 39.675 euros.
Total SA (FP FP): The oil refiner said it sold its interests in the Valhall and Hod fields in the Norwegian North Sea to BP Plc for $991 million. The stock added 0.2 percent to 42.68 euros.
To contact the reporter on this story: Laurence Frost in Paris at firstname.lastname@example.org.