Accor SA (ACCP.PA)
6 Dec 2013
|Market Cap (Mil.):||€7,533.03|
|Shares Outstanding (Mil.):||227.48|
* Accor splits into hotel operator and hotel owner/investor
* Accor disappoints investors banking on more cost cutting
PARIS, Nov 27 - Accor SA : * Shares open down 4.6 percent after new CEO bazin unveils strategy plan
PARIS, Nov 27 - Accor, Europe's largest hotel group, said on Wednesday it was dividing its hotel business in two in a bid to improve the group's performance and shareholder returns.
* says confident group can achieve 2013 operating profit goal of 510-530 million euros in 2013 vs 526 million in 2012 Further company coverage:
* FTSEurofirst 300 up 0.8 pct, highest close since June 2008
LONDON, Oct 18 - European shares rose to a new five-year high on Friday after robust growth data from China boosted luxury goods and mining stocks, while good results from Accor helped to raise the travel and leisure sector.
PARIS - Accor , Europe's largest hotel group by sales, said revenue growth accelerated in the third quarter as demand for rooms in budget hotels showed further signs of recovery.
* Booking levels for October "good" - CFO (Adds CFO comments, details)
PARIS, Oct 17 - Accor, Europe's largest hotel group by sales, said revenue growth accelerated in the third quarter as demand for hotel rooms in the European economy segment showed further signs of recovery.
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Accor - Finlabo Research Equity Report: Fundamental and Technical Analysis and 6 months performance forecast
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Accor SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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