Air Liquide, Areva, EADS, LVMH, Ubisoft: 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.
ArcelorMittal (MT) : The steelmaker has pledged to restart the P6 blast furnace at its Florange plant “when demand starts to rise again,” French Industry Minister Eric Besson said. The shares rose less than 0.1 percent to 12.89 euros.
Areva SA (AREVA FP): The world’s biggest supplier of nuclear fuel and services cut its outlook for growth in orders for nuclear plants through 2030 by 30 percent as Japan’s nuclear disaster in March dims prospects for atomic projects, Chief Executive Officer Luc Oursel told French newspaper Les Echos in an interview. The shares fell 2 percent to 20.58 euros.
Ausy (OSI) : The information technology services company said first-half net income rose to 8 million euros from 3.9 million euros a year earlier. The shares fell 0.1 percent to 21 euros.
Carrefour SA (CA) : Groupe Arnault SAS, Colony Blue Investor SARL and Blue Capital SARL control 20.12 percent of the voting rights in the retailer, the French stock market regulator said in an e-mailed statement today. Carrefour shares rose 1.8 percent to 15.89 euros.
European Aeronautic Defence and Space Co (EAD FP): The parent of Airbus SAS may win an order for the A350-1000 aircraft from Singapore Airlines after the European manufacturer announced plans to improve its range and payload, the Asian carrier’s chief executive officer, Goh Choon Phong, said in a briefing in Toulouse, France. The shares gained 2.6 percent to 21.75 euros.
Hi-Media SA (HIM) : The interactive media company said it name Philippe Grand as it new chief operating officer, replacing David Bernard. Gabriel de Montessus was named chief financial officer. The shares rose 9.9 percent to 2.55 euros.
LVMH Moet Hennessy Louis Vuitton SA (MC) : The luxury goods company said Jordi Constans will replace Yves Carcelle at the end of 2012 as head of its fashion and leather unit. Carcelle will remain on LVMH’s executive board. Constans, who was the head of the fresh dairy products division at Danone (BN) SA, will be replaced there by Thomas Kunz. LVMH shares rose 2.5 percent to 111.80 euros. Danone shares rose 1.9 percent to 44.11 euros.
Maisons France-Confort (MFC) : The residential property builder said first-half net income more than doubled to 13.3 million euros from a year earlier. The company said it sees a sharp rise in revenue and “excellent” profitability in the full year. The shares rose 5.2 percent to 22.26 euros.
Robertet SA (RBT) : The producer of liquid flavorings and perfumes said first-half net income rose to 14.9 million euros from 13.3 million euros a year earlier. The shares advanced 0.9 percent to 111 euros.
Synergie (SDG FP): The temporary employment and security services company said first-half net income rose to 8.1 million euros from 6 million euros a year earlier. The company confirmed its full-year outlook. The shares rose 6.9 percent to 9.09 euros.
Ubisoft Entertainment (UBI) SA: The producer of video games said it bought back 286,000 of its shares between Sept. 8 and 14. The shares advanced 1.2 percent to 3.83 euros.
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