Economic Calendar

Thursday, July 10, 2008

Camaieu, Carrefour, Icade, Vet'Affaires: French Stocks Preview

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By Alan Katz

July 10 (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.

France's CAC 40 Index rose 64.05, or 1.5 percent, to 4,339.66 in Paris, gaining for a second time this week. The SBF 120 Index added 1.6 percent.

Air France-KLM Group (AF FP): Europe's biggest airline holds its annual shareholder meeting in Paris on July 10. The shares gained 26 cents, or 1.7 percent, to 15.48 euros.

Camaieu SA (AMA FP): The women's clothing retailer said first-half revenue rose 11 percent to 327.1 million euros. The shares closed unchanged at 230 euros.

Carrefour SA (CA FP): Europe's biggest retailer said second-quarter sales growth slowed as consumer spending dwindled in its domestic French market. Revenue rose 6 percent to 23.7 billion euros, less than the first quarter's 10 percent increase and missing the 24.2 billion-euro median estimate of six analysts. The shares added 81 cents, or 2.4 percent, to 34.45 euros.

Egide SA (GID FP): The producer of ceramic packages that protect electronic systems used by the U.S. Air Force reported a 20 percent increase in first-half revenue to 15.4 million euros. The shares closed unchanged at 8.99 euros.

Geci International SA (GECP FP): The aerospace services company agreed to buy a majority stake in Reims Aviation for 4.5 million euros in order to enter the airplane customization market. The shares added 22 cents, or 8.6 percent, to 2.77 euros.

Icade SA (ICAD FP): The real-estate investment trust controlled by France's Caisse des Depots et Consignations acquired four clinics near Paris from Generale de Sante SA (GDS FP) for 202 million euros. Icade shares gained 78 cents, or 1.1 percent, to 71.50 euros, while Generale de Sante closed unchanged at 13 euros.

Vet'Affaires SA (VET FP): The discount clothing retailer said second-quarter sales rose 1.1 percent to 23.8 million euros and forecast an increase in full-year revenue from 2007 levels. The shares closed unchanged at 18.72 euros.

To contact the reporter on this story: Alan Katz in Paris at akatz5@bloomberg.net.


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