PARIS, May 15 (Reuters) – French media and telecoms group
Vivendi said on Thursday a tighter focus on media and
content should drive growth in 2014, as it posted first-quarter
sales in line with forecasts after the sale of SFR.
Chief Financial Officer Herve Philippe said the slimmed-down
firm would offer more detail on its growth plans once a new
management team, which is expected to include top shareholder
Vincent Bollore, was selected in June.
PARIS (Reuters) – France’s Marine Le Pen sees her far right National Front joining force with other Eurosceptic parties in the next European Parliament to block a major transatlantic trade pact billed by supporters as vital for global growth and jobs.
In an interview with Reuters less than two weeks before the May 25 European Parliament election, Le Pen forecast that anti-EU parties would together win enough seats to form a political group in the legislature, gaining access to increased EU funding and a greater say in the assembly’s running.
PARIS, May 9 (Reuters) – Advertising agency Publicis
will probably return money to shareholders and pursue
smaller acquisitions this year as it seeks to get back on track
after the failure of a $35 billion merger with U.S. peer Omnicom
Chief Executive Maurice Levy told Reuters in an interview on
Friday that the board backed him to stay on despite what was
arguably the biggest setback of his more than 30-year tenure.
PARIS, April 29 (Reuters) – France’s biggest telecom
operator Orange has continued cutting costs on
everything from staff to mobile phone marketing, allowing it to
hold profit margins steady despite lower sales across its major
The group on Tuesday posted first-quarter sales and
operating profit that met expectations and confirmed its goal
for 12-12.5 million euros ($16.6-17.3 million) in earnings
before interest, tax, depreciation and amortisation (EBITDA)
PARIS (Reuters) – Advertising agency Publicis, which is merging with larger rival Omnicom, achieved 3.3 percent revenue growth on a comparable basis in the first quarter, helped by strong digital sales and an uptick in China and Europe.
Publicis, the first major ad group to post results for the period, said revenue was 1.6 billion euros ($2.21 billion). The average estimate of analysts was 1.62 billion and organic growth of 3 percent, according to company-provided figures.
PARIS, April 17 (Reuters) – Advertising agency Publicis
, which is merging with larger rival Omnicom,
achieved 3.3 percent revenue growth on a comparable basis in the
first quarter, helped by strong digital sales and an uptick in
China and Europe.
Publicis, the first major ad group to post results for the
period, said revenue was 1.6 billion euros ($2.21 billion). The
average estimate of analysts was 1.62 billion and organic growth
of 3 percent, according to company-provided figures.
PARIS (Reuters) – The French government will continue to pursue consolidation in the country’s telecoms sector after Vivendi’s decision to sell its SFR unit to cable firm Numericable, Economy Minister Arnaud Montebourg said on Wednesday.
The government had openly supported a rival bid from Bouygues, arguing that the number of mobile operators needed to come down to three to end a destructive price war and encourage investment in high-speed broadband. Vivendi finally picked Numericable on Saturday, in a move that keeps the number of operators at four.
PARIS, April 7 (Reuters) – Shares in French cable company
Numericable surged on Monday after it won the battle
to buy Vivendi’s telecoms arm SFR, in a deal which
creates the second-biggest player in a reshaped French telecoms
Despite a sweetened, last-ditch offer from rival Bouygues
– the outsider in the race but favoured by the French
government – Vivendi said on Saturday it had picked Numericable
as the better bid in terms of business logic, commitment to
preserving jobs, chances of regulatory approval and long-term
PARIS, April 3 (Reuters) – A French appeals court has upheld
the choice of construction and telecoms conglomerate Bouygues
to build a new judiciary complex in northern Paris,
dismissing a suit by lawyers loath to leave the city centre.
The project, designed by architect Renzo Piano – the man
behind the Pompidou Centre and London’s Shard – features a
160-metre tower in the Batignolles neighbourhood and is expected
to accommodate more than 8,000 people a day.
PARIS (Reuters) – Conglomerate Bouygues re-opened the battle to buy France’s second biggest telecoms provider SFR on Thursday with a new offer less than a week after owner Vivendi began exclusive talks with rival bidder Numericable.
Bouygues also enlisted the support of the government through the state CDC fund, along with existing Bouygues Telecom shareholder JCDecaux Holding, parent company of listed outdoor advertising firm JCDecaux, and the Pinault family.