August 1, 2019 / 4:23 AM / 3 months ago

French and Benelux stocks-Factors to watch

Aug 1 (Reuters) - Below are company-related news and stories from French and Benelux media which could have an impact on the region’s markets or individual stocks.

ACCOR:

Accor, Europe’s largest hotels group, said it was confident over its 2019 prospects after reporting a 5.1% rise in first-half operating profit, driven by restructuring efforts and robust demand in most regions.

ALTICE EUROPE

Cable and telecoms group Altice Europe lifted its full-year targets on Wednesday after its French division swung back to growth in the second quarter, signalling that a turnaround was underway in its main market.

AMG GROUP:

AMG Group cut its full-year EBITDA target to $120 million from $150 million, as results will be impacted by lower-than-expected prices in the short-term. The company’s quartely EBITDA shrunk to $23.8 million.

EURONEXT:

Euronext is looking for opportunities to buy market data or post-trade services providers, CEO Stephane Boujnah said on Wednesday, after larger rival London Stock Exchange said it was in talks to buy Refinitiv in a $27 billion deal. Euronext’s net profit fell during the second quarter after it booked a charge related to an acquisition in Norway.

CNP ASSURANCES:

The French state and Caisse des depots (CDC) are going to start transfering their stakes in CNP Assurances to La Poste to allow La Banque postale to take control of the French insurer at the beginning of 2020.

FEDERAL RESERVE:

The Federal Reserve cut interest rates on Wednesday to shore up the economy against risks including global weakness, but the head of the U.S. central bank said he did not view the move as the start of a lengthy series of rate cuts. Wall Street had a mixed reaction after the expected interest rate cut by the U.S. Federal Reserve, the first in a decade, failed to impress investors.

GROUPE PAROT

Groupe Parot reported a rise in its revenue to 287.8 million euros in the first-half of the year.

JCDECAUX:

JCDecaux said it won San Francisco’s iconic street furniture contract.

KORIAN:

Korian reported an 8.2-percent rise in first-half revenues to 1.78 billion euros, reiterating confidence in achieving its full-year targets.

MARIE BRIZARD:

Marie Brizard Wine & Spirits agreed to sell its Porto Pitters brand, expecting no significant impact from the disposal.

UBISOFT:

Ubisoft said on Wednesday it acquired Green Panda Games, a publisher of free-to-play mobile games.

UNIBAIL RODAMCO:

Europe’s largest property firm Unibail-Rodamco Westfield raised its full-year earnings guidance on Wednesday after reporting strong first-half growth in tenant sales at its flagship European and American retail centres.

VASTNED RETAIL:

Vastned Retail said on Wednesday it remained cautious about market conditions in view of the limited investment opportunities and the ongoing transition in the retail landscape, expecting to realize a direct result for 2019 at the lower end of its guidance range.

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