FRANKFURT/PARIS, Jan 28 (Reuters) – STMicroelectronics
, Europe’s largest semiconductor maker, has predicted a
return to revenue growth in 2015, but gave few signs of reaping
the anticipated currency benefits that have helped propel the
stock 21 percent higher this month.
“Our main objective during 2015 is to continue to deliver
year-over-year improvement, by returning to revenue growth and
by continuing to improve our cost structure,” Chief Executive
Carlo Bozotti said in a statement.
PARIS, Dec 3 (Reuters) – Eighteen months after celebrating a
corporate marriage with U.S.-based Omnicom that was to
dominate the world of advertising, Publicis and its
boss Maurice Levy are single again, and face some awkward
Chairman and chief executive Levy on Thursday faces
investors worried that clients are deserting the French group
and disappointed by a performance that lags the sector. (bit.ly/1yeEhpJ)
PARIS (Reuters) – Gemalto, which makes smart chips for mobile phones, bank cards and biometric passports, is considering acquisitions to speed up plans to surpass 600 million euros (482 million pounds) in revenue from operations by 2017, its CEO said.
The digital security company has dismissed suggestions that Apple’s installation of SIM cards and near-field payment technology into its new tablets and phones could threaten its business plan, saying an expansion of the market was beneficial.
PARIS (Reuters) – European media group Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) posted a rise in profit that beat expectations on Friday due to cost cutting and the performance of its music business, while it stayed mum on plans to use billions earned from selling telecoms units.
Vivendi, which is nearing the end of a strategy overhaul began in spring 2012, more than doubled the profits attributable to the group to 839 million euros in the third quarter, including the proceeds from selling Maroc Telecom (IAM.CS: Quote, Profile, Research, Stock Buzz) and a stake in headphone maker Beats.
PARIS, Nov 14 (Reuters) – European media group Vivendi
posted a rise in profit that beat expectations on
Friday due to cost cutting and the performance of its music
business, while it stayed mum on plans to use billions earned
from selling telecoms units.
Vivendi, which is nearing the end of a strategy overhaul
began in spring 2012, more than doubled the profits attributable
to the group to 839 million euros in the third quarter,
including the proceeds from selling Maroc Telecom and a
stake in headphone maker Beats.
PARIS, Oct 30 (Reuters) – Alcatel-Lucent delivered
a net loss as sales fell in a tough third quarter for the
telecoms equipment industry, but it squeezed out more costs to
improve its gross profit margin to 34 percent from 31.9 percent
a year earlier.
The company said on Thursday that its net loss came in at 18
million euros ($22.67 million), down from 200 million a year
earlier, while sales declined 5.9 percent to 3.254 billion
PARIS/FRANKFURT, Oct 29 (Reuters) – STMicroelectronics
, Europe’s largest semiconductor company, said on
Wednesday it would cut costs to sustain higher margin targets in
a softening market, but warned of weaker revenue and profits in
The lowered outlook for ST follows warnings of weakness
ahead from several ST peers over the past month — caution that
has sparked a wave of selling in semiconductor stocks worldwide
and cuts to analyst forecasts for ST itself.
PARIS (Reuters) – Cable operator Numericable (NUME.PA: Quote, Profile, Research, Stock Buzz) won conditional approval on Monday for its multi-billion-euro takeover of Vivendi’s SFR mobile business, paving the way for it to close the deal by the end of the year.
France’s competition authority said Numericable would have to divest certain assets and make its cable network available to its competitors temporarily to give them time to develop their own high-speed broadband networks.
PARIS/FRANKFURT, Oct 23 (Reuters) – Orange posted
third-quarter results that were slightly higher than forecast as
France’s largest telecom company cut costs more rapidly than
expected and customers signed up for faster 4G mobile services.
France’s No. 1 mobile firm believes the sector still needs
mergers to cope with fierce price competition but an Orange
executive said it would not move first, three months after it
dropped a bid for No. 3 mobile company Bouygues SA.
PARIS (Reuters) – French advertising group Publicis said organic sales growth was a disappointing 1.0 percent in the third quarter, blaming mainly its focus on “other plans” – a reference to this year’s failed merger with U.S.-based Omnicom.
“We are at the end of this cycle and very confident of the future,” Chairman and Chief Executive Maurice Levy said in a statement, but he told reporters the third quarter result “does not match market expectations or our own”.