ADP, Air Liquide, Saint-Gobain, Total: French Equity 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.
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) : 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) : 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 (AREVA) : 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) : 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) : 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.
To contact the reporter on this story: Laurence Frost in Paris at firstname.lastname@example.org.
To contact the editor responsible for this story: Ken Wong in Berlin at Kwong11@bloomberg.net.