Rhodia French Equity Preview

September 11, 2010 by werty   Comments (0)

Nov Bloombe The following is a list of companies whose shares may have unusual price changes in trading in Frashanghai massagence. Symbols are in parentheses after company names and prices are from the last close.

Frances CAC 40 Index plunged points, or percent, to , the biggest decline since July . The broader SBF Index fell percent to points.

Alcatel-Lucent ALU FP The world’s biggest producer of fixed-line phone networks was cut to sell from hold at Standard & Poor’s, with a 12-month target price of 2.40 euros a share, after reporting a third-quarter loss. Alcatel-Lucent shares dropped cents, or percent, to euros.

Alstom SA LO FP The world’s largest maker of high-speed trains and hydropower plants was raised to hold from sell at Societe Generale, with a price target of 47 euros a share, after forecasting a second-half recovery. Alstom shares fell euros, or percent, to .

BNP Paribas SA BNP FP France’s biggest bankbeijing massage said it will sell two of its three stakes in Chinese fund-management companies to comply with local regulations. BNP Paribas owns 33 percent of a venture with Shenyin & Wanguo Securities Co., 49 percent of ABN Amro Teda Fund Management Co. and 49 percent of Fortis Haitong Investment Management Co. BNP declined 2.29 euros, or 4.3 percent, to 51.45.

Gecina SA FC FP The largest publicly traded Paris office owner said nine-month operating profit rose percent to million euros on increased rental income and a decline in financing costs. The shares dropped euros, or 3 percent, to .

LVMH Moet Hennessy Louis Vuitton SA MC FP Speculation that the world’s biggest luxury-good maker will merge with rival Cie. Financiere Richemont SA is silly,Richemont Chief Executive Officer Norbert Platt told German magazine Wirtschaftswoche in an interview. LVMH shares declined cents, or percent, to euros.

Rhodia SA RHA FP China said it will impose antidumping duties on adipic acid imports from Europe and the U.S. as of Nov. Rhodia produces adipic acid, a raw material for nylon, through its Polyamide unit. Shares of France’s largest specialty-chemical maker slumped cents, or percent, to euros.

Total SA FP FP Europe’s biggest refiner repolv men bagsrted a nine- hour shutdown of Unit at its refinery in Port Arthur starting Oct after an operational upset, according to a regulatory filing. The company declined to say what type of unit was shut. Total shares slipped euros, or percent, to