Esker, GDF-Suez, France Telecom, Sodexo: 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 5.25 percent to 2,781.68. The broader SBF 120 Index fell 5.2 percent to 2,142.35.
Esker SA (ALESK) : The business software company reported first-half net income rose to 1.03 million euros ($1.39 million) from 888,000 euros a year earlier. The shares fell 2.7 percent to 5.50 euros.
France Telecom SA (FTE) : France’s largest phone company will get a 4G license along with rivals Bouygues SA (EN) , Vivendi SA (VIV)’s SFR and Iliad SA (ILD)’s Free, the country’s telecommunications regulator said. France Telecom shares fell 3.5 percent to 11.42 euros.
GDF-Suez SA (GSZ FP): Europe’s largest gas network operator said a French government decision to freeze gas price increases for homeowners from Oct. 1 will cost the company about 290 million euros in the second half. GDF-Suez (GSZ) will appeal the decision, saying it “only asks to cover its costs.” French Industry Minister Eric Besson announced the freeze in an interview with Agence France-Presse. The freeze won’t apply to business customers. GDF-Suez fell 5 percent to 19.93 euros.
Osiatis SA (OSA) : The computer services company said it won a three-year order from catalog retailer La Redoute. Shares dropped 3.5 percent to 4.96 euros.
Publicis Groupe SA (PUB) : The third-largest advertising agency won a marketing account from Italian chocolate-maker Ferrero SpA valued at 350 million euros to 400 million euros annually, said a person with direct knowledge of the matter. The shares fell 5.2 percent to 30.45 euros.
Sodexo (SW) SA: The food service company completed its takeover of caterer Le Notre. The shares dropped 3.5 percent to 49.925.
Thermocompact SA (THER) : The supplier of cable coatings for the electronics industry said first-half net income fell to 1.75 million euros from 2.36 million euros a year earlier. The shares declined 3 percent to 16 euros.
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