PARIS, May 9 (Reuters) - Below are leading stories from the French press and company-related news which could have an impact on the French market or individual stocks.
MAROC TELECOM <IAM.PA>
Maroc Telecom on Friday posted a 9.1 percent rise in first-quarter operating profit, helped by solid sales growth and cost control, and confirmed its full-year outlook.
For story click on [ID:nL09674420]
VALLOUREC <VLLP.PA>
Shares in French steel tubes maker Vallourec were up 0.7 percent in early afternoon trade as traders cited speculation that French financier Vincent Bollore was building up a stake in Vallourec.
For story click on [ID:nPAC009527]
TOTAL <TOTF.PA>
The local unit of France's energy giant Total has restarted its 125,000 barrels per day Amenam oilfield offshore Nigeria after routine maintenance, a company spokesman said on Thursday.
For story click on [ID:nL08894653] {C}ENDS
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FRANKFURT, May 9 (Reuters) - The DAX top-30 index <.GDAXI> looked set to open 0.7 percent lower on Friday, according to pre-market data from brokers at 0620 GMT.
The following are some of the factors that may move German stocks on Friday (share price indications at 0620 GMT):
ALLIANZ <ALVG.DE>
Indicated 1.0 percent lower
Allianz reported group Q1 operating profit of 1.86 billion euros, in line with preliminary figures announced on April 29. Its Dresdner Bank unit reported a bigger than expected Q1 EBIT loss of 453 million euros after writing 845 million euros off the value of structured finance products. Further writedowns cannot be excluded, Allianz said. [ID:nWEB4529] [ID:nL09936769] [ID:nL06439591]
Related news [ALVG.DE-E]
LINDE <LING.DE>
Indicated 0.4 percent lower
Linde reported a lower than expected Q1 operating profit of 602 million euros. It reiterated its forecast of higher 2008 sales and a disproportionate earnings rise. [ID:nWEB4531] [ID:nL0974873] [ID:nLA452062] [ID:nL05523775]
Separately, the CFO of Linde rival Praxair Inc <PX.N>, the largest industrial gases supplier in the Americas, said the company is actively looking to expand its integrated business model into the United Arab Emirates and that Praxair, which posted double-digit earnings and revenue growth in the first quarter, expects this trend to continue. [ID:nN08402025]
Related news [LING.DE-E]
CONTINENTAL AG <CONG.DE>
Indicated 0.6 percent lower
Continental will pass on higher commodity prices to customers to mitigate the impact of runaway raw material costs, CEO Manfred Wennemer said. He sees the global auto industry growing 2 to 3 percent in 2008 and said that Continental, in the hunt to supply advanced battery packs for the upcoming all-electric Chevrolet Volt, has a "good chance" of winning that high-profile contract from General Motors. [ID:nN08196583] [ID:nN08424284]
Related news [CONG.DE-E]
AMB GENERALI <AMBG.DE>
Indicated 0.5 percent lower
AMB reported a lower than expected Q1 net profit of 64 million euros. [ID:nLA94786] [ID:nL02832605]
Related news [AMBG.DE-E]
FREENET <FNTG.DE>
Indicated 2.5 percent lower
Freenet reported a lower than expected Q1 pretax profit of 24.5 million euros. [ID:nWEB4557] [ID:nL06415386]
Related news [FNTG.DE-E]
CONERGY <CGYG.DE>
Indicated 3.5 percent lower
Conergy reported a smaller than expected Q1 EBIT loss of 27 million euros. [ID:nWEB4554] [ID:nL06226425]
Related news [CGYG.DE-E]
GFK <GFKG.DE>
Indicated 0.7 percent lower
Advertising group WPP <WPP.L> remains interested in market research firm Taylor Nelson Sofres <TNS.L> even after a possible merger of TNS with GfK, WPP's CEO told German newspaper Frankfurter Allgemeine Zeitung. [ID:nL08807576]
Related news [GFKG.DE-E]
DRILLISCH <DRIG.DE>
Indicated 2.4 percent higher
Drillisch reported Q1 EBITDA of 9.5 million euros, above Reuters Estimates market consensus. [ID:nWEB4541] [ID:nEQqralywg]
Related news [DRIG.DE-E]
EX-DIVIDEND
Adidas <ADSG.DE>, pay-out 0.5 eur/shr
BMW <BMWG.DE>, pay-out 1.06 eur/shr
Postbank <DPBGn.DE>, pay-out 1.25 eur/shr
HeidelbergCement <HEIG.DE>, pay-out 1.3 eur/shr
Hochtief <HOTG.DE>, pay-out 1.3 eur/shr
Hugo Boss <BOSG_p.DE>, pay-out 6.46 eur/shr
Wacker Chemie <WCHG.DE>, pay-out 3.0 eur/shr
ANNUAL GENERAL MEETINGS
Draegerwerk <DRWG_p.DE>, proposed dividend 0.55 eur/shr
Comdirect <CDBG.DE>, proposed dividend 0.41 eur/shr
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> +0.4 pct, S&P 500 <.SPX> +0.4 pct, Nasdaq <.IXIC> +0.5 pct. [ID:nL09574780]
Japan's Nikkei <.N225> -2.1 pct. [ID:nTKF003145]
GERMAN ECONOMIC DATA
Wholesale prices +0.6 pct mth/mth, +6.9 pct yr/yr in April, moe than expected. [ID:nBAE001202]
<ECONDE> <G7TODAY>
BANKING INDUSTRY WAGE TALKS
The union representing employees at German banks demands wage increases of 8 percent.
European factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EQUITY]
Reuters TOP NEWS [ID:nTOPNEWS]
(Reporting by Peter Dinkloh and Peter Starck) ((peter.starck@reuters.com; +49 69 7565 1217; Reuters Messaging: peter.starck.reuters.com@reuters.net))
MADRID, May 9 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
SACYR VALLEHERMOSO <SVO.MC>
The construction company said shortly before market close on Thursday it would propose issuing one new share for every 14 held in a free capital increase at its next shareholders meeting.
For a story, click on [ID:nMDT005172]
SANTANDER <SAN.MC>
U.S. savings bank Sovereign Bancorp Inc <SOV.N> has not held talks with Santander about increasing or reducing the Spanish bank's 24.99 percent stake executives from both companies said late Thursday.
For more, click on [ID:nN08378313]
Sovereign plans to raise just over $1 billion in an equity offering to help shore up capital but has yet to determine Santander's role in the offering, a source close to the transaction told Reuters.
For more, click on [ID:nN08401899]
ACCIONA <ANA.MC>
The construction company will invest 500 million euros ($767 million) in building two 50 megawatt solar power plants in the south of Spain, Cinco Dias reported on Friday.
GAS NATURAL <GAS.MC>
The energy company posted first-quarter net profit of 335.8 million euros and EBITDA of 725.9 million, slightly higher than analysts' forecasts.
For a story, double-click on [ID:nMDT005173]
PRISA <PRS.MC>, SOGECABLE <SGCE.MC>
The deadline expires for shareholders' acceptance of Prisa's bid for Sogecable later on Friday. Telefonica <TEF.MC> is due to say whether it plans to hold on to its 16.8 percent stake or sell to Prisa.
For today's European market outlook double click on [.EU].
For real-time moves on the Spanish blue-chip index IBEX please double click on <.IBEX>
For IBEX constituent stocks highlight .IBEX in the command box and press the F3 button on your keyboard
For latest news on Spanish stock moves double click [HOT-ES]
For Spanish language market report double click on [.MES]
For latest Eurostocks report please double click on [.EU]
((madrid.newsroom@reuters.com; +34 91 585 2160)) ($1=.6523 Euro)
Keywords: MARKETS SPAIN FACTORS/
MADRID, May 9 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:
SACYR VALLEHERMOSO <SVO.MC>
The construction company said shortly before market close on Thursday it would propose issuing one new share for every 14 old shares in a free capital increase at its next annual shareholders meeting.
For a story, click on [ID:nMDT005172]
SANTANDER <SAN.MC>
U.S. savings bank Sovereign Bancorp Inc <SOV.N> has not held talks with Santander about increasing or reducing the Spanish bank's 24.99 percent stake executives from both companies said late Thursday. For more, click on [ID:nN08378313]
Separately, Sovereign plans to raise just over $1 billion in an equity offering to help shore up capital but has yet to determine Santander's role in the offering, a source close to the transaction told Reuters.
For more, click on [ID:nN08401899]
ACCIONA <ANA.MC>
The construction company will invest 500 million euros ($767 million) in building two 50 megawatt solar power plants in the south of Spain, Cinco Dias reported on Friday.
GAS NATURAL <GAS.MC>
The energy company's first quarter results are expected to show a 9.5 percent rise in net profit.
For a poll, click on [ID:nL06352404]
PRISA <PRS.MC>, SOGECABLE <SGCE.MC>
The deadline expires for shareholders' acceptance of Prisa's bid for Sogecable.
For today's European market outlook double click on [.EU].
For real-time moves on the Spanish blue-chip index IBEX please double click on <.IBEX>
For IBEX constituent stocks highlight .IBEX in the command box and press the F3 button on your keyboard
For latest news on Spanish stock moves double click [HOT-ES]
For Spanish language market report double click on [.MES]
For latest Eurostocks report please double click on [.EU]
((madrid.newsroom@reuters.com; +34 91 585 2160)) ($1=.6523 Euro)
Keywords: MARKETS SPAIN FACTORS/
FRANKFURT, May 9 (Reuters) - The following are some of the factors that may move German stocks on Friday:
CONTINENTAL <CONG.DE>
Continental will pass on higher commodity prices to customers to mitigate the impact of runaway raw material costs, CEO Manfred Wennemer said. He sees the global auto industry growing 2 to 3 percent in 2008 and said that Continental, in the hunt to supply advanced battery packs for the upcoming all-electric Chevrolet Volt, has a "good chance" of winning that high-profile contract from General Motors. [ID:nN08196583] [ID:nN08424284]
Related news [CONG.DE-E]
ALLIANZ <ALVG.DE>
Allianz reports detailed Q1 results, having announced on April 29 preliminary group operating profit of 1.8 billion euros. Its Dresdner Bank unit is seen posting Q1 EBIT loss of 398 million euros, a Reuters poll shows. [ID:nL06439591]
Related news [ALVG.DE-E]
LINDE <LING.DE>
Linde reports Q1 results. Underlying EBITDA seen up 9 percent to 621 million euros. [ID:nL05523775]
Separately, the CFO of Linde rival Praxair Inc <PX.N>, the largest industrial gases supplier in the Americas, said the company is actively looking to expand its integrated business model into the United Arab Emirates and that Praxair, which posted double-digit earnings and revenue growth in the first quarter, expects this trend to continue. [ID:nN08402025]
Related news [LING.DE-E]
AMB GENERALI <AMBG.DE>
AMB reports Q1 results. EBIT seen down 15 percent to 160 million euros. [ID:nL02832605]
Related news [AMBG.DE-E]
FREENET <FNTG.DE>
Freenet reports Q1 results. Pretax profit seen down 54 percent at 26 million euros. [ID:nL06415386]
Related news [FNTG.DE-E]
CONERGY <CGYG.DE>
Conergy reports Q1 results. EBIT loss sees widening to 33 million euros. [ID:nL06226425]
Related news [CGYG.DE-E]
GFK <GFKG.DE>
Advertising group WPP <WPP.L> remains interested in market research firm Taylor Nelson Sofres <TNS.L> even after a possible merger of TNS with GfK, WPP's CEO told German newspaper Frankfurter Allgemeine Zeitung. [ID:nL08807576]
Related news [GFKG.DE-E]
EX-DIVIDEND
Adidas <ADSG.DE>, pay-out 0.5 eur/shr
BMW <BMWG.DE>, pay-out 1.06 eur/shr
Postbank <DPBGn.DE>, pay-out 1.25 eur/shr
HeidelbergCement <HEIG.DE>, pay-out 1.3 eur/shr
Hochtief <HOTG.DE>, pay-out 1.3 eur/shr
Hugo Boss <BOSG_p.DE>, pay-out 6.46 eur/shr Wacker Chemie <WCHG.DE>, pay-out 3.0 eur/shr
ANNUAL GENERAL MEETINGS
Draegerwerk <DRWG_p.DE>, proposed dividend 0.55 eur/shr
Comdirect <CDBG.DE>, proposed dividend 0.41 eur/shr
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> +0.4 pct, S&P 500 <.SPX> +0.4 pct, Nasdaq <.IXIC> +0.5 pct. [ID:nL09574780]
Japan's Nikkei <.N225> -1.5 pct at 0500 GMT. [ID:nT217278]
GERMAN ECONOMIC DATA
April wholesale prices due at 0600 GMT; seen up 0.3 pct mth/mth, up 6.6 pct yr/yr.
<ECONDE> <G7TODAY>
BANKING INDUSTRY WAGE TALKS
The union representing employees at German banks demands wage increases of 8 percent.
European factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EQUITY]
Reuters TOP NEWS [ID:nTOPNEWS]
(Reporting by Peter Dinkloh and Peter Starck) ((peter.starck@reuters.com; +49 69 7565 1217; Reuters Messaging: peter.starck.reuters.com@reuters.net))
FRANKFURT, May 9 (Reuters) - The following are some of the factors that may move German stocks on Friday:
CONTINENTAL <CONG.DE>
Continental will pass on higher commodity prices to customers to mitigate the impact of runaway raw material costs, CEO Manfred Wennemer said. He sees the global auto industry growing 2 to 3 percent in 2008 and said that Continental, in the hunt to supply advanced battery packs for the upcoming all-electric Chevrolet Volt, has a "good chance" of winning that high-profile contract from General Motors. [ID:nN08196583] [ID:nN08424284]
Related news [CONG.DE-E]
ALLIANZ <ALVG.DE>
Allianz reports detailed Q1 results, having announced on April 29 preliminary group operating profit of 1.8 billion euros. Its Dresdner Bank unit is seen posting Q1 EBIT loss of 398 million euros, a Reuters poll shows. [ID:nL06439591]
Related news [ALVG.DE-E]
LINDE <LING.DE>
Linde reports Q1 results. Underlying EBITDA seen up 9 percent to 621 million euros. [ID:nL05523775]
Separately, the CFO of Linde rival Praxair Inc <PX.N>, the largest industrial gases supplier in the Americas, said the company is actively looking to expand its integrated business model into the United Arab Emirates and that Praxair, which posted double-digit earnings and revenue growth in the first quarter, expects this trend to continue. [ID:nN08402025]
Related news [LING.DE-E]
AMB GENERALI <AMBG.DE>
AMB reports Q1 results. EBIT seen down 15 percent to 160 million euros. [ID:nL02832605]
Related news [AMBG.DE-E]
FREENET <FNTG.DE>
Freenet reports Q1 results. Pretax profit seen down 54 percent at 26 million euros. [ID:nL06415386]
Related news [FNTG.DE-E]
CONERGY <CGYG.DE>
Conergy reports Q1 results. EBIT loss sees widening to 33 million euros. [ID:nL06226425]
Related news [CGYG.DE-E]
GFK <GFKG.DE>
Advertising group WPP <WPP.L> remains interested in market research firm Taylor Nelson Sofres <TNS.L> even after a possible merger of TNS with GfK, WPP's CEO told German newspaper Frankfurter Allgemeine Zeitung. [ID:nL08807576]
Related news [GFKG.DE-E]
EX-DIVIDEND
Adidas <ADSG.DE>, pay-out 0.5 eur/shr
BMW <BMWG.DE>, pay-out 1.06 eur/shr
Postbank <DPBGn.DE>, pay-out 1.25 eur/shr
HeidelbergCement <HEIG.DE>, pay-out 1.3 eur/shr
Hochtief <HOTG.DE>, pay-out 1.3 eur/shr
Hugo Boss <BOSG_p.DE>, pay-out 6.46 eur/shr Wacker Chemie <WCHG.DE>, pay-out 3.0 eur/shr
ANNUAL GENERAL MEETINGS
Draegerwerk <DRWG_p.DE>, proposed dividend 0.55 eur/shr
Comdirect <CDBG.DE>, proposed dividend 0.41 eur/shr
OVERSEAS STOCK MARKETS
Dow Jones <.DJI> +0.4 pct, S&P 500 <.SPX> +0.4 pct, Nasdaq <.IXIC> +0.5 pct. [ID:nL09574780]
Japan's Nikkei <.N225> -1.5 pct at 0500 GMT. [ID:nT217278]
GERMAN ECONOMIC DATA
April wholesale prices due at 0600 GMT; seen up 0.3 pct mth/mth, up 6.6 pct yr/yr.
<ECONDE> <G7TODAY>
BANKING INDUSTRY WAGE TALKS
The union representing employees at German banks demands wage increases of 8 percent.
European factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EQUITY]
Reuters TOP NEWS [ID:nTOPNEWS]
(Reporting by Peter Dinkloh and Peter Starck) ((peter.starck@reuters.com; +49 69 7565 1217; Reuters Messaging: peter.starck.reuters.com@reuters.net))
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