Economic Calendar

Thursday, September 25, 2008

French Stocks: Alcatel-Lucent, Aurea, Casino and Natixis

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By Adria Cimino

Sept. 25 (Bloomberg) -- France's CAC 40 Index advanced 13.43, or 0.3 percent, to 4,127.97 at 9:07 a.m. in Paris, gaining for the first day this week. The SBF 120 Index also added 0.3 percent.

The following shares rose or fell in Paris. Stock symbols are in parentheses.

Alcatel-Lucent SA (ALU FP) added 4 cents, or 1.4 percent, to 3.02 euros, rising for a second day. WestLB raised its recommendation on shares of the world's biggest maker of fixed- line telephone networks to ``hold'' from ``sell.''

Aurea SA (AURE FP) slid 30 cents, or 2.8 percent, to 10.40 euros, falling for a third day this week. The recycler of raw materials such as motor oil said it remained ``cautious'' on the outlook for the second half.

Casino Guichard-Perrachon SA (CO FP) climbed 1.32 euros, or 2.2 percent, to 60.72, advancing the most in about a month. Deutsche Bank AG raised its recommendation on shares of the biggest supermarket owner in Paris to ``buy'' from ``hold.''

CBo Territoria (ALCBO FP) added 10 cents, or 4.1 percent, to 2.57 euros, rising the most in six weeks. The property developer said first-half net income rose 9 percent to 5 million euros and increased its rent target.

Natixis SA (KN FP), France's fourth-biggest bank by market value, sank 30 cents, or 10 percent, to 2.62 euros, falling for a third time this week. Merrill Lynch & Co., Credit Suisse Group and Lazard-Natixis are selling 57.3 million shares in Natixis, according to an e-mail sent to clients by the banks. The shares are being offered via a so-called accelerated bookbuild, the e-mail said, and are the leftover stock from then bank's rights offer.

Staff & Line SA (ALSTA FP) jumped 36 cents, or 9.6 percent, to 4.12 euros, climbing for a third day. The business software designer said it sees a ``favorable'' outlook for the second half and doesn't see business slowing.

To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net.


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