Carrefour, Natixis, Pernod, Vicat, Vinci: French Equity Preview
Shares in the following companies may have unusual moves in Paris trading. Stock symbols are in parentheses and prices are from the last close.
France’s CAC 40 Index fell 3.9 percent to 3,320.35. The broader SBF 120 Index dropped 3.9 percent to 2,521.97.
Carrefour SA (CA) : Europe’s largest retailer said Pierre-Jean Sivignon is joining from Royal Philips Electronics to become chief financial officer. Sivignon will assume his duties starting Sept. 1, replacing Pierre Bouchut, Carrefour said in a statement today. Bouchut will be appointed Executive Director, Growth Markets, starting Nov. 1. The shares of Carrefour fell 3.5 percent to 18.57 euros.
Natixis (KN) SA: The investment-banking unit of France’s second-largest bank by branches posted a less-than-estimated 3 percent drop in second-quarter profit to 505 million euros. The shares fell 5.2 percent to 2.77 euros.
Pernod Ricard SA (RI FP): The world’s second-biggest liquor maker lost an appeals court ruling in its 17-year battle with Bacardi Ltd. over the right to use the name “Havana Club” on rum in the U.S. market. The shares fell 3.9 percent to 64.20 euros.
Vinci SA (DG) : The construction company and local partners won a 210 million euro contract from the German government to finance, design, widen, refurbish and maintain a 46.5 kilometer section of the A9 motorway linking Berlin and Munich. The shares fell 5.1 percent to 35.60 euros.
Vicat SA (VCT FP) The French cement maker said net income fell 3.9 percent to 91 million euros in the first half as tax and interest payments rose. Earnings before interest and taxes rose 11 percent to 165 million euros as sales climbed. Vicat shares fell 2.8 percent to 46.80 euros.
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