Economic Calendar

Wednesday, July 9, 2008

Air France, Carrefour, EADS, Renault: French Stocks Preview

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By Ladka Bauerova and Adria Cimino

July 9 (Bloomberg) -- 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.

July futures on France's CAC 40 Index advanced 51.50 to 4,331 at 8:13 a.m. in Paris.

The CAC 40 lost 66.98, or 1.5 percent, to 4,275.61 yesterday. The SBF 120 Index lost 1.6 percent.

Air France-KLM Group (AF FP): Europe's biggest airline will raise fuel surcharges by 2 euros per segment on French flights and by as much as 14 euros per segment on international routes from July 10. The shares rose 42 cents, or 2.8 percent, to 15.22 euros.

Carrefour SA (CA FP): Europe's biggest retailer reports second-quarter revenue after the market close in Paris. The company may say sales climbed 7.1 percent to 24.2 billion euros ($38 billion), according to the median of six analyst estimates, after it added stores in Brazil and Indonesia to compensate for slower growth at home. The shares added 48 cents, or 1.5 percent, to 33.64 euros.

European Aeronautic Defense and Space Co. (EAD FP): The company, which owns plane maker Airbus SAS, said French police plan to question Andreas Sperl, one of its German executives, as part of a probe into insider trading. The shares fell 28 cents, or 2.3 percent, to 12.06 euros.

Gaz de France (GAZ FP): The law allowing the privatization of the operator of Europe's biggest natural-gas network will be published on July 17, French daily newspaper La Tribune reported. The shares declined 56 cents, or 1.4 percent, to 40.25 euros.

Imerys SA (NK FP): UBS AG cut its recommendation on shares of the world's biggest producer of minerals used to whiten paper and add colors to paint to ``short-term sell'' from ``buy.'' The stock lost 52 cents, or 1.3 percent, to 40.43 euros.

JCDecaux SA (DEC FP): The world's second-largest seller of outdoor advertising won the billboard contract for Algiers airport. It didn't give financial terms. The shares declined 54 cents, or 3.6 percent, to 14.55 euros.

Netgem SA (NTG FP): The supplier of set-top television boxes for Neuf Cegetel said second-quarter sales fell 1.4 percent to 17 million euros. The stock added 2 cents, or 1.2 percent, to 1.70 euros.

Renault SA (RNO FP): France's second-biggest carmaker will report first-half vehicle sales before the market opens in Paris. The shares fell 1.01 euros, or 2 percent, to 49.82 euros.

Saft Groupe SA (SAFT FP): The maker of batteries used in submarines and satellites won a 2.1 million-euro lithium battery order from the Australian army. Goldman Sachs Group Inc. cut its recommendation on the shares to ``neutral.'' The shares dropped 21 cents, or 0.8 percent, to 27.20 euros.

Ubisoft Entertainment SA (UBI FP): Europe's second-largest video-game maker bought Montreal-based Hybride Technologies to add an estimated 6 million to 7 million euros in annual sales. The shares fell 41 cents, or 0.7 percent, to 57.60 euros.

To contact the reporter on this story: Ladka Bauerova in Paris at lbauerova@bloomberg.net.


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