French and Benelux stocks - Factors to watch on March 31

Tue Mar 31, 2009 1:40am EDT
 
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PARIS, March 31 (Reuters) - Below are leading stories from French and Benelux newspapers and company-related news which could have an impact on the region's markets or individual stocks.

TOTAL (TOTF.PA)

The new army-backed president of Madagascar, Andry Rajoelina, said on Monday his administration was reviewing all contracts with foreign investors because the country was receiving too little revenue. The crisis has scared off tourists and unnerved foreign investors in the booming mining and oil exploration sectors.

They include Total (TOTF.PA), Rio Tinto (RIO.L) and Sherritt International (S.TO), although their operations were not affected by the unrest because they were located in rural areas. [ID:nLU47467] EURAZEO (EURA.PA)

French financial holding firm Eurazeo posted a net loss of 61 million euros last year and kept its dividend at 1.20 euros per share. [EURA.PA]

NICOX (NCOX.PA)

NicOx said a study of its naproxcinod anti-inflammatory agent showed a favorable blood pressure profile for the drug in a large sample of patients with osteoarthritis taking antihypertensive therapies. [NCOX.PA]

PSA PEUGEOT CITROEN (PEUP.PA)

Outgoing CEO Christian Streiff said in an interview with Les Echos that he does not understand why he had to go and added he only heard the news by telephone on Sunday. He said the Peugeot family was unlikely to sell its stake as his mission had been to esnure the family maintained control over the group and that the company would grow. [PEUP.PA]

TOMTOM (TOM2.AS)

The Dutch navigation device maker and Microsoft Corp (MSFT.O) have reached a settlement after more than a year of squabbling over software patents. (TOM2.AS)

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