Economic Calendar

Friday, October 9, 2009

Alstom, Renault, Rubis, Theolia, Scor: French Equity Preview

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By Simon Kennedy

Oct. 9 (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 advanced 50.40, or 1.3 percent, to 3,806.81 in Paris, gaining for a third day this week. The SBF 120 Index added 1.4 percent.

Alstom SA (ALO FP): The maker of power stations, Wisconsin Energy Corp. and the Electric Power Research Institute said they have been able to capture more than 90 percent of carbon dioxide emissions from a coal-fired power plant. The shares rose 1.64 euros, or 3.3 percent, to 51.07 euros.

Piscines Desjoyaux (PDJ FP): The maker of swimming pools reported fiscal year revenue of 72.6 million euros, down from 93 million euros a year earlier. The shares closed unchanged at 5 euros.

Renault SA (RNO FP): The carmaker is ready to offer its technology to help OAO AvtoVAZ, the indebted Russian group in which it owns a 25 percent stake, modernize production, First Deputy Prime Minister Igor Shuvalov said. Renault shares added 1.29 euros, or 4 percent, to 33.63 euros.

Rubis SA (RUI FP): The distributor of liquefied petroleum gas signed accords with Total SA and Royal Dutch Shell PLC to operate 60 gas stations in Corsica. It didn’t give financial terms. The shares advanced 85 cents, or 1.4 percent, to 62.35 euros.

Scor SE (SCR FP): France’s largest reinsurer opened a life reinsurance unit in the Netherlands. The stock rose 15 cents, or 0.8 percent, to 18.90 euros.

Societe Fonciere Lyonnaise (FLY FP): The real-estate company agreed a loan of 300 million euros with a group of French lenders, including BNP Paribas SA, the country’s biggest bank. The shares rose 25 cents, or 0.8 percent, to 33.60 euros.

Theolia SA (TEO FP): The wind-power producer sold a 9.2- megawatt capacity wind farm in the Somme area to Boralex Inc. It didn’t give financial terms. The shares added 2 cents, or 0.4 percent, to 4.81 euros.

To contact the reporter on this story: Simon Kennedy in Paris at skennedy4@bloomberg.net




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