French Stocks: Accor, Air France, Alstom, Lagardere, Pernod

By Julie Cruz

Jan. 12 (Bloomberg) -- France’s CAC 40 Index lost 18.09, or 0.5 percent, to 4,025.00 as of 10:14 a.m. in Paris, on course for the biggest decline this year. The SBF 120 Index declined 13.45, or 0.5 percent, to 2,929.03.

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

Accor SA (AC FP) dropped 62 cents, or 1.7 percent, to 36.97 euros, on course for the lowest close in more than a month. Europe’s biggest hotel group said the devaluation of the Venezuelan bolivar will cut 2009 net income before non- recurring items by around 15 million euros ($20 million).

Air France-KLM Group (AF FP) fell 20.5 cents, or 1.7 percent, to 12.15 euros, ending the longest winning streak since November 2008. Japan Airlines Corp., Asia’s biggest carrier, plunged 45 percent to a record low on speculation it will file for the nation’s sixth-largest bankruptcy.

Alstom SA (ALO FP) slumped 1.55 euros, or 2.9 percent, to 52.14 euros, ending six days of gains. The French producer of high-speed trains and energy-generation equipment, was downgraded to “sell” from “hold” at Societe Generale SA, which cited “rising competition from China.”

Cafom SA (CAFO FP) jumped 1.09 euros, or 11 percent, to 10.99 euros, the biggest intraday gain since August. The retailer of home furnishings in France’s Caribbean and Indian Ocean territories said first-half net income rose to 2.94 million euros from 1.44 million euros.

Cegedim SA (CGM FP) added 89 cents, or 1.5 percent, to 59.41 euros. The company that supplies sales-tracking software for drugmakers including Pfizer Inc. said it has bought SK&A Information Services Inc.

Lagardere SCA (MMB FP) lost 29.5 cents, or 1.1 percent, to 27.85 euros, extending yesterday’s decline. France’s largest publisher was cut to “underweight” from “equal-weight” at Morgan Stanley.

Octo Technology SA (ALOCT FP) climbed 5 cents, or 1 percent, to 5.03 euros, for a third day of gains. The computer- consulting company said revenue last year rose to 15.42 million euros from 12.86 million euros.

Pernod Ricard SA (RI FP) rose 61 cents, or 1 percent, to 59.11 euros, the first advance in four days. The drinks company was raised to “neutral” from “underperform” at Credit Suisse Group AG.

Sechilienne-Sidec SA (SECH FP) slipped 25.5 cents, or 1 percent, to 25.62 euros, on course for the lowest close since July. The alternative energy producer was cut to “reduce” from “add” at Oddo & Cie.

Synergie SA (SDG FP) rallied 48 cents, or 2.5 percent, to 19.50 euros as the temporary employment agency was raised to “add’ from “reduce” at Oddo.

Vivalis SA (VLS FP) gained 20 cents, or 2 percent, to 10.18 euros, extending the longest winning streak since November. The biopharmaceutical company bought Humalys for 10.4 million euros. Vivalis will also pay a maximum of 15 million euros for license payments.

Zodiac Aerospace (ZC FP) slumped 93.5 cents, or 3 percent, to 30.07 euros. The maker of aircraft seats and automotive components was cut to “reduce” from “buy” at Kepler Capital Markets.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net