French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. French IT company, struggling to survive, reported on Thursday a 4.4% drop in organic revenue for the third quarter. It blamed softer market conditions but also said that it saw an improvement in order entry. Bic, a French pencil maker, has raised its outlook for margins in light of Q3 results. In light of Q3 results, the company upgraded its outlook for organic revenue growth in full-year. The largest food retailer in Europe has maintained its financial targets for 2024.
French and Benelux stocks: Factors to watch
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Documents dated Monday show that funds managed by Brazilian investment firm BTG Pactual were granted preliminary approval Friday by the country's antitrust regulatory body to purchase the hotel operations in Brazil of AccorInvest for 1.7 billion reais (300 million dollars). FDJ stated that it would retain 98.60% Kindred following the extension of the public tender offer. It also said that it planned to request a squeeze out procedure and delist Swedish company.
BV Joins the Int'l Windship Association
The decarbonization drive is gearing up to be the defining issue faced by the shipping sector in the coming decades and the industry is searching for low carbon and zero emissions technologies that will deliver on the International Maritime Organization (IMO) initial strategy of reducing emissions by at least 50% by 2050. One family of technologies that is seeing an upsurge of interest in the industry is wind-assist and primary wind propulsion solutions. Today the Paris headquartered classification society Bureau Veritas (BV) announced that it is joining the International Windship Association (IWSA)…
Iran's Rouhani in Paris to Revive Business Ties
Iran's President Hassan Rouhani arrives in France on Wednesday with the bosses of oil major Total and aircraft maker Airbus among top executives he is due to meet as the two countries look to revive business ties despite diplomatic differences. On his first trip abroad since a sanctions-ending nuclear accord took effect, Italy this week already rolled out the red carpet for the pragmatist Shi'ite president and his 120-member delegation of business leaders and cabinet ministers, signing a raft of deals.
Uganda's 'Oil Rush' Town Stuck in the Slow Lane
Before the discovery of large amounts of oil in Lake Albert, Hoima was a forlorn and remote town in Western Uganda, whose main sources of income were farming and the trickle of tourists heading to nearby national parks. A decade later, an oil-fuelled boom is transforming the town nearest the lake, with smart new office blocks and hotels drawing scores of new businesses and people from engineers to prostitutes to bankers. But with the east African nation yet to pump a single drop of oil, this rapid development may be premature. Oil executives say production will start in 2018 at the earliest.
Mitsubishi Mulls Stake in Alstom
Japan's Mitsubishi Heavy Industries is considering taking a direct stake in French engineering group Alstom as part of an offer with Germany's Siemens, two French newspapers said on Thursday. Financial daily Les Echos said Mitsubishi is considering buying part of French Bouygues's 29 percent stake in Alstom and would also buy Alstom's steam turbines while Siemens would take over its gas turbines. At a later stage, after an expected offer for Alstom on June 16, Siemens would contribute its transport assets to Alstom…
