French Stocks: Ingenico, NiCox, Michelin, Publicis, Vallourec

By Adria Cimino

Sept. 28 (Bloomberg) -- France’s CAC 40 Index slid 26.59, or 0.7 percent, to 3,712.55 at 9:36 a.m. in Paris, retreating for a fourth day. The SBF 120 Index slipped 0.5 percent.

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

Le Belier SA (BELI FP) advanced 29 cents, or 5.8 percent, to 5.29 euros after two days of declines. The maker of aluminum parts for automobiles and aircraft reported a first-half net loss of 2 million euros ($2.9 million), compared with a 2.8 million-euro loss a year earlier.

Eurazeo (RF FP), an investment company, climbed 57 cents, or 1.4 percent, to 40.19 euros, rebounding after two days of losses. Oddo Securities raised its recommendation on the shares to “buy.”

Ingenico SA (ING FP), the world’s largest maker of payment terminals, gained 52 cents, or 3 percent, to 17.80 euros, gaining for a second day. Oddo Securities raised its recommendation on the shares to “buy” from “add.”

Michelin SA (ML FP), the world’s second-largest tiremaker, declined 1.51 euros, or 2.8 percent, to 53.05 euros, retreating for the third session in four. The company has reduced its forecasts for tire sales and may resort to lay-offs at its Bourges site within the next month, La Lettre de L’Expansion reported, without citing anyone.

NiCox SA (COX FP), a biotechnology company, tumbled 47 cents, or 4.8 percent, to 9.30 euros, its biggest decline since July. Natixis cut its recommendation on the shares to “reduce” from “buy.”

Publicis Groupe SA (PUB FP) lost 35 cents, or 1.3 percent, to 27.12 euros, dropping for a third day. The Paris-based advertiser is planning acquisitions in China, Investir said Sept. 26, citing Chief Executive Officer Maurice Levy.

Vallourec SA (VK FP), the world’s second-largest maker of steel tubes for oil and gas production, slid 3.65 euros, or 3.1 percent, to 112.75, falling for a third day. Chairman Philippe Crouzet told daily Les Echos in an interview that the company’s operating margin will drop “significantly” in coming quarters.

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