French and Benelux stocks-Factors to watch on Jan 19
Below are company-related news and stories from French and Benelux media which could have an impact on the region's markets or individual stocks.
CAC-40 futures are up 0.74 percent at 0740 GMT
ALSTOM
The French power and transport engineering company said on Thursday third-quarter sales and orders continued to improve over previous quarters and that this trend would carry on in the fourth quarter.
CARREFOUR
Europe's No.1 retailer said it was reviewing the 2012 rollout plan for its flagship new hypermarkets due to deteriorating trading conditions.
REMY COINTREAU
The French spirits group confirmed its goal to increase full-year operating profit by a significant double-digit percentage after posting an 18 percent rise in nine-month sales driven by strong Asian demand for premium cognac.
AHOLD
Dutch grocer posted a smaller-than-expected rise in fourth-quarter sales as worsening trade in its central European businesses offset market shares gains in the Netherlands and the United States.
THALES
The aerospace group said on Wednesday it has sold its 35 percent stake in Navigation Solutions Inc to Hertz. No financial details were given.
NEXITY
The property developer expects the real estate market in France to shrink in 2012, but believes it will be able to gain market share as competitors struggle to obtain financing.
MAUREL & PROM NIGERIA
The oil exploration and production company said on Wednesday production at its Ovhor-2 well in Nigeria was disrupted earlier this week by a fire that broke on two supply flow lines.
ACCOR
The French hotel group said on Thursday it had sold ira Pullman Paris Rive Gauche hotel for 77 million euros to Bouygues Immobilier as part of its aim to cut debt by 2.2 billion euros by 2015. Accor said the hotel's operating performance was below its requirements and would close this year.
BAM
The Dutch construction company says it will cut 50 jobs out of a total 200 at its development unit AM due uncertainty in the Dutch housing market and structural changes in the market.
SNS REAAL
The Dutch bank and insurance group still needs to get at least C$60 million (46 million euros) from property company Homburg Canada, Dutch daily Het Financieele Dagblad reported on Thursday, citing a report from Homburg Invest's administrator and people familiar with the matter. SNS Reaal does not recognise all the report's figures, an SNS Reaal spokesperson told the paper.
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