Market Updates
Europe Movers: Accor, Bouygues, L'Oreal, Volvo
Arthi Gupta
29 Aug, 2012
New York City
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Accor swung to loss and Bouygues net declined 29% in the first-half. L''Oreal slumped 4.3% despite a rise in first-half sales and earnings. Volvo total deliveries from truck operations increased 5% in July.
[R]12:30 PM Frankfurt – Accor swung to loss and Bouygues net declined 29% in the first-half. L''Oreal slumped 4.3% despite a rise in first-half sales and earnings. Volvo total deliveries from truck operations increased 5% in July.[/R]
Accor SA fell 2.1% to €25.89 after the French hotel operator said first-half revenue fell 0.1% to €2.717 billion. Net loss, group share in the period swung to €532 million compared to a profit of €41 million a year ago.
Bouygues SA plunged 7.2% to €20.33 after the French industrial group said first half net profit attributable to the group declined 29% to €278 million, from €391 million last year.
L''Oreal SA slumped 4.3% to €96.71 after the French cosmetics group said first-half sales grew 10.5% to €11.2 billion from last year on comparable-store sales rise of 6%. Net profit rose 10.8% to €1.63 billion or €2.69 per share, from €1.47 billion or €2.46 per share last year.
Syngenta AG gained a fraction and said it agreed to acquire the DuPont Professional Products insecticide business for $125 million.
Volvo AB rose 1.3% to SEK 85.30 after the trucks manufacturer said total deliveries from truck operations in July increased 5% to 17,672 vehicles from 16.898 vehicles in the corresponding month last year.
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