Leigh's Feed
Aug 27, 2015

French home sales picking up as investors return

PARIS, Aug 27 (Reuters) – Sales of new homes in France are
rebounding as investors return to the market, but the recovery
has yet to end a homebuilding slump that is weighing on growth
in the euro zone’s second-biggest economy.

The Housing Ministry said this week that new homes sales had
jumped 22 percent in the second quarter, the highest since late
2009, when the economy was emerging from a deep recession after
the financial crisis.

Aug 27, 2015

French business morale at four-year high, but investment missing

PARIS (Reuters) – French business confidence reached a four-year high in August, but a much-awaited recovery in business investment remains elusive as the euro zone’s second-biggest economy struggles to gain momentum.

The official INSEE statistics agency said on Thursday its business sentiment indicator edged up to 100 from 99 July, reaching a level not seen since August 2011.

Aug 5, 2015

SocGen targets more capital, savings as results top expectations

PARIS, Aug 5 (Reuters) – Societe Generale is to
bolster its capital cushion and step up cost savings after a
surge in equity trading revenue helped the bank produce a 25
percent increase in second-quarter profit, sending its shares up
more than 9 percent.

The earnings are the French bank’s strongest since the 2007
financial crisis and its action to build up more capital shows
the impact of tighter regulation on the industry.

Jul 31, 2015

BNP Paribas eyes market share of retreating rivals

PARIS, July 31 (Reuters) – BNP Paribas aims to
grab market share from rivals pulling back from investment
banking even as its moves ahead with its own cutbacks, the
French bank said on Friday.

With regulatory pressures weighing on risky activities, many
European banks from HSBC to Deutsche Bank
are trying to scale back their investment banks.

Jul 3, 2015

Greek crisis hitting outlook for IPOs – Euronext Paris chief

Aix-en-Provence, France, July 3 (Reuters) – Greece’s debt
crisis risks is clouding the outlook for stock market listings
after a flurry of flotations in the first half of the year, the
head of Paris’ stock market Anthony Attia said in an interview
on Friday.

Though uncertainty over Greece has fuelled volatile trading,
so far it has not hit initial public offers like investment fund
Eurazeo’s flotation last month of rental car company Europcar.

Jun 24, 2015

Yield-starved investors driving asset prices to dangerous levels: OECD

PARIS (Reuters) – Encouraged by years of central bank easing, investors are ploughing too much cash into unproductive and increasingly speculative investments while shunning businesses building economic growth, the OECD warned on Wednesday.

In its first Business and Finance Outlook, the Organisation for Economic Cooperation and Development highlighted a growing divergence between investors rushing into ever riskier assets while companies remain too risk-averse to make investments.

Jun 22, 2015

French government hardens stance on Altice’s bid for Bouygues Telecom

PARIS (Reuters) – European telecoms group Altice’s (ATCE.AS: Quote, Profile, Research, Stock Buzz) bid for Bouygues Telecom risks creating a French operator that is “too big to fail” and that could threaten jobs, France’s economy minister said on Monday, hardening his government’s opposition.

The companies confirmed earlier that an offer has been submitted, sending share prices up sharply across the sector as investors hoped consolidation in the French mobile market would end a three-year-old price war.

Jun 10, 2015

France probes Russian lead in TV5Monde hacking: sources

SAN FRANCISCO/PARIS (Reuters) – Russian hackers linked to the Kremlin could be behind one of the biggest attacks to date on televised communications, which knocked French station TV5Monde off air in April, sources familiar with France’s inquiry said.

A French judicial source told Reuters that the investigators are “leaning towards the lead of Russian hackers,” confirming a report in French magazine L’Express.

Jun 2, 2015

Greece said to offer pension reform as debt talks near crunch

PARIS/ATHENS, June 2 (Reuters) – Greece’s leftist government
has put forward first proposals for pension reform as debt talks
with international creditors reach a crunch point this week with
Athens’ cash running out, the European Union’s economics chief
said on Tuesday.

The report came after the leaders of Germany, France, the
European Commission, the International Monetary Fund and the
European Central Bank agreed at an emergency meeting in Berlin
on Monday night to work with “real intensity” to try to wrap up
the long-running negotiations in the coming days.

May 6, 2015

Investment banking helps French banks offset weak retail earnings

PARIS, May 6 (Reuters) – Societe Generale and
Credit Agricole joined bigger French rival BNP Paribas
on Wednesday in posting stronger first quarter
earnings on firm revenues from investment banking.

Brisk financial market trading and booming corporate bond
issuance helped the trio of French banks offset lacklustre
performances in their domestic retail banking markets.