Business
France’s CAC 40 Index Rises By 3.1%
France’s CAC 40 Index added 1.98 or 0.1 per cent to 3,912.73 in Paris for a 3.1 per cent gain recently. The SBF 120 index rose less than 0.1 per cent.
The stock market which closed at 2 pm local time, was shut for Christmas.
The following shares rose or fell in Paris. Stock symbols are in parentheses. Aeroports de paris SA (ADPFP) shipped 1 per cent to €55.42.The operator of Paris’s Orly and Roissy Charles de Gualle air ports said it’s entering a new phase of discussions with airlines. A document outlining ADP’s proposals for the next economic regulation agreement will be discussed on January 12, it said.
Arcedor Mittal (MTNA) the world’s biggest steelmaker, added 0.6 per cent to €31.30 gaining for a fourth straight day metals prices rose in London.
Compagne La Lucette (MILUFP) sank 6.6 per cent to €10.20 for the biggest drop in a month. Morgan Stanley, Wall Street’s biggest realrestate investor during the five year US. Property boom, agreed to sell its majority stake in the company, a French Office-building owner to Icade SA. The total value of the deal wasn’t disclosed. Icade (ICADFP) shares climbed 39 per cent to 69.64 euros.
Siparex Croissance (SIXFP) surged 7.1 per cent to €18.43 for the biggest gain since October. The French Venture capital company plans to buy back about €20 million ($28.7 million) of its own shares.
Technip-SA (TECFP) Europe’s second largest oilfield-services provider, advanced 0.6 per cent to €49.39 vallourec SA (VKFP) the world’s second largest maker of steel tubes for oil and gas production, added 1 per cent to €127.20.
Crude oil may increase next week on speculation that investors will decline as imports drop and fuel demand strengthens, a Bloomberg new survey showed. Thirteen of 27 analyst, or 48 per cent, said futures will gain through December 31 the most bullish response since June.
Thompson SA (TMSFP) declined 4.8 per cent to €90 cents, dropping for a third day. The company held exclusive talks with Avid Technology Inc to sell it’s Grass valley unit and the talks ended in mid December without agreement, French daily La Tribune reported, without citing anyone. Both companies declined to confirm the negotiations according to the newspaper.