Arkema, Icade, M6, Peugeot, Sanofi: French Stocks Preview

By Helene Fouquet

July 29 (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 fell 41.39, or 1.2 percent, to 3,330.97 in Paris, the steepest decline in more than two weeks. The SBF 120 Index lost 1.2 percent.

Arkema SA (AKE FP): The chemicals company plans to spend 15 million euros building a specialty acrylic polymer plant at its Changshu site in China. The shares lost 72 cents, or 3.8 percent, to 18.08 euros.

Bureau Veritas SA (BVI FP): The world’s second-largest goods inspection company said second-quarter revenue rose 5.3 percent to 681.3 million euros and forecast full-year like-for- like revenue will grow less than 10 percent from year-earlier levels. The shares fell 27 cents, or 0.8 percent, to 33.50 euros.

Coheris SA (COH FP): The software maker reported first-half revenue of 15.12 million euros, little changed from year-earlier levels, and forecast that trend would continue for the full year. The shares rose 8 cents, or 3.3 percent, to 2.48 euros.

European Aeronautic, Defence and Space Co. (EAD FP): Seven current and former executives face potential civil fines in a French regulator’s probe of insider trading allegations, two people familiar with the case said. They include former Chief Executive Officer Noel Forgeard, who risks a 5.45 million-euro fine, according to his spokesman. The shares gained 29.5 percent, or 2.3 percent, to 13.01 euros.

Icade SA (ICAD FP): The real estate company said first-half net income rose 22 percent to 111.5 million euros, helped by gains from the sale of properties over the period. The shares added 1.12 euros, or 1.9 percent, to 60 euros.

Lafarge SA (LG FP): The world’s biggest cement producer sold its Chilean cement, aggregates and concrete assets to Peru’s Brescia Group for an enterprise value of $555 million.

M6-Metropole Television SA (MMT FP): France’s second- largest commercial television company reported a 1.1 percent rise in first-half net income to 80.1 million euros. The half- year earnings aren’t necessarily an indicator for the full year, the company said. The shares dropped 47 cents, or 3.5 percent, to 13 euros.

PSA Peugeot Citroen (UG FP): Europe’s second-biggest carmaker reports first-half earnings before the market opens in Paris. The shares advanced 18 cents, or 1 percent, to 18.41 euros.

Sanofi-Aventis SA (SAN FP): France’s biggest drugmaker reports first-half earnings before the market opens in Paris. The shares rose 89 cents, or 1.9 percent, to 46.98 euros.

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