FACTBOX: Impact of Royal's election pledges on French stocks

Wed Apr 18, 2007 8:19am EDT
 
[-] Text [+]

PARIS (Reuters) - Here are some of the main proposals of Socialist presidential candidate Segolene Royal and the stocks analysts say could be impacted if she won the French presidential elections.

- Raise monthly minimum wage to 1,500 euros over five years; 5 percent increase in small pensions at or below minimum wage.

POSITIVE IMPACT: Retailers Carrefour and Casino.

- Build 120,000 public housing units a year; extend the use of zero-rate loans for first-time home-owners with low income.

POSITIVE IMPACT: Nexity, Kaufman & Broad, Nouveaux Constructeurs, Bouygues, Vinci, MeilleurTaux, Saint-Gobain, Lafarge.

- Regulate banking fees and sanction consumer-lending institutions that grant loans to insolvent persons.

NEGATIVE IMPACT: Banks BNP, Credit Agricole, Societe Generale and consumer lenders Cetelem (BNP), Sofinco and Finaref (Credit Agricole), and Cofinoga (BNP-Galeries Lafayette).

- Wants public television funded by a tax on the advertising revenues of private channels.

NEGATIVE IMPACT: Private TV broadcasters TF1 and

M6.

- Tax companies more on dividends, less on reinvested profits.

NEGATIVE IMPACT: Companies with the most generous distribution policy such as M6, France Tel, TF1, hotelier Accor, wines and spirits group Remy Cointreau, and investment company Wendel Investissement.

- Impose an "exceptional levy" on oil firms to fund transport initiatives.

NEGATIVE IMPACT: Total, and possibly foreign refiners active in France such as ExxonMobil and Royal Dutch Shell.

- Royal says she is not "dogmatic" that 87-percent state-owned EDF should be renationalize, but the government should keep control of the power giant.

- Would revoke GDF-Suez merger. An advisor of Royal said there was a need to strengthen links between EDF and GDF, but rejected a merger of the two groups.  Continued...

 

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Shrimps boats are seen at the coastal area of Bayou La Batre, Alabama November 10, 2009.  REUTERS/Carlos Barria
Shrimpers struggle

Fishermen like Steve Patronas struggle to make a living, but high costs, low prices for their catches and competition from countries like Vietnam or China are putting many of them out of business and choking off their way of life.  Blog | Video