Air France-KLM, CIC, Societe Generale: French Stocks Preview

By Helene Fouquet and Adria Cimino

Aug. 5 (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.

August futures on France's CAC 40 Index added 10.50 to 4,298 at 8:11 a.m. in Paris.

The CAC 40 retreated 33.71, or 0.8 percent, to 4,280.63 yesterday. The SBF 120 Index also dropped 0.8 percent to 3090.90.

Air France-KLM Group (AF FP): Europe's biggest airline said first-quarter profit fell 59 percent to 168 million euros ($260 million) as fuel prices increased and asset sales boosted year- earlier earnings. That surpassed analysts' estimates. The shares fell 1 cent to 16.26 euros.

Alcatel-Lucent (ALU FP): The world's biggest telecommunications equipment supplier was rebuffed when it tried to name former BT Group Plc chief executive Ben Verwaayen to run the company in place of Chairman Serge Tchuruk and Chief Executive Officer Patricia Russo, who resigned last month, the Wall Street Journal reported, citing people familiar with the situation. The stock was unchanged at 3.89 euros.

Axa SA (CS FP): Axa Asia Pacific Holdings Ltd., a unit of Europe's second-biggest insurer, rose the most in more than five months in Sydney trading after earnings excluding investments gained 11 percent on increased sales in Hong Kong. The stock lost 13 cents, or 0.7 percent, to 18.685 euros.

Groupe CIC (CC FP): The investment-banking unit of Credit Mutuel said first-half net income plunged to 105 million euros from 704 million euros a year earlier after the market value of its investments fell. The shares added 1.50 euros, or 1.2 percent, to 130 euros.


Fonciere Massena SCA (SOCM FP): The real-estate investment trust run by Credit Mutuel Group bought offices near Nantes in France for 9 million euros. The property will be leased to Credit Mutuel. The shares fell 35 cents, or 3.2 percent, to 10.70 euros.

GFI Informatique SA (GFI FP): The computer-services company reported a 16 percent rise in second-quarter sales to 191.3 million euros and said it was ``confident'' of meeting full-year targets. The shares rose 11 cents, or 2.9 percent, to 3.95 euros.

Le Noble Age SA (LNA FP): The retirement-home operator said second-quarter revenue rose 45 percent to 33.4 million euros and confirmed its full-year targets. The shares rose 23 cents, or 1.6 percent, to 15 euros.

Groupe Open SA (OPN FP): The computer services company owns more than 98 percent of consulting company Teamlog SA, the French stock market regulator said in a legal notice. The shares added 32 cents, or 3.4 percent, to 9.64 euros.

Societe Generale SA (GLE FP): France's second-biggest bank by market value reported a 63 percent decline in second-quarter profit to 644 million euros after writedowns linked to the subprime contagion led to a loss at the investment-banking unit. The shares declined 54 cents, or 0.9 percent, to 59.50 euros.

To contact the reporter on this story: Helene Fouquet in Paris at Hfouquet1@bloomberg.net.