Economic Calendar

Wednesday, September 10, 2008

French Stocks: Dexia, Partouche, Sanofi-Aventis and Vivendi

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By Adria Cimino

Sept. 10 (Bloomberg) -- France's CAC 40 Index retreated 24.66, or 0.6 percent, to 4,268.68 at 9:11 a.m. in Paris, declining a second day. The SBF 120 Index also lost 0.6 percent.

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

Akka Technologies SA (AKA FP) surged 1.10 euros, or 7.9 percent, to 15, gaining for a fourth day. The technology consulting company said first-half net income rose 85 percent to 7.2 million euros ($10 million) and forecast full-year sales will rise to more than 380 million euros.

Dexia SA (DX FP), the world's biggest lender to local governments, retreated 27 cents, or 2.5 percent, to 10.74 euros, falling for the first time this week. Oddo Securities cut its recommendation on the shares to ``reduce'' from ``add.''

Groupe Partouche SA (PARP FP) slid 19 cents, or 2.8 percent, to 6.56 euros, dropping for a second day. France's biggest casino operator said fiscal third-quarter revenue fell 9.5 percent to 116.4 million euros.

Sanofi-Aventis SA (SAN FP), France's biggest drugmaker, jumped 2.20 euros, or 4.6 percent, to 49.70, rising for a third day. Chief Executive Officer Gerard Le Fur is leaving and will be replaced by Chris Viehbacher, Les Echos reported, citing unidentified people.

Vivendi SA (VIV FP), owner of France's second-largest wireless company, lost 56 cents, or 2.2 percent, to 24.83 euros, falling for the first time this week. Lehman Brothers Holdings Inc. cut its recommendation on the stock to ``equal weight'' from ``overweight.''

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


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