French stocks - Factors to watch on August 28

Thu Aug 28, 2008 2:23am EDT
 
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PARIS, Aug 28 (Reuters) - Below are leading stories from French newspaper and company-related news which could have an impact on the French market or individual stocks.

AREVA (CEPFi.PA)

The expected building costs of a new nuclear reactor in Finland by France's Areva have increased to 4.5 billion euros ($6.66 billion) from 3 billion and the group has to make new provisions, the Les Echos newspaper said.

CREDIT AGRICOLE (CAGR.PA)

France's biggest retail bank, reported a 94 percent fall in second quarter profit on Thursday with earnings hit by a widely expected loss at its Calyon investment banking division.

Agricole is the last of France's top three banks to post results for the second quarter, during which the credit crisis continued to weigh on the global financial sector.

For story see [ID:nLR160077]

NATIXIS (CNAT.PA)

The investment bank reported a second-quarter net loss of 1.02 billion euros, broadly in line with previous guidance, as it prepares a 3.7 billion euro rights issue to strengthen its finances. Natixis' earnings were hit by around 1.5 billion euros of writedowns related to the global credit crisis, as previously announced by the company in July.

For story see [ID:nLR170821]

ACCOR (ACCP.PA)

The French hotels and services group Accor said it expected 16 percent full-year profit growth before tax on a like-for-like basis, after it posted in-line first-half underlying profits.  Continued...

 
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