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Europe News France

  • Veolia Environnement, a French waste management and water company, said Friday it and two private equity firms will buy German rival Sulo in a deal worth 1.45 billion euros ($2 billion).

  • Euro Disney H1 net loss narrows as revenues grow 10 pct

  • French fashion-to-furniture retailer PPR reported a forecast-beating 5.0% rise in first-quarter sales as a pick up in its African distribution business added to growth in its luxury brands.

  • French centrist Francois Bayrou rejected overtures from presidential rivals Nicolas Sarkozy and Segolene Royal on Wednesday, saying he would not advise supporters who to vote for in the May 6 election.

  • He’s now the most wanted man in Paris: François Bayrou, 55, leader of the UDF center-right political party, and “third man” of the French election. He hasn’t qualified for the second round, but will play a decisive role in giving -- or not -- his support to one of the remaining candidates. Ségolène Royal (left) and Nicolas Sarkozy (right) are both eyeing at Bayou’s 6.7 million voters with a great interest, but obviously, it’s more crucial for one of them.

  • French luxury group LVMH reported faster-than-expected first-quarter sales growth, helped by surging demand for high-end watches, and reaffirmed its full year guidance. The maker of Dior perfume, Fendi shoes and Veuve Clicquot champagne said on Wednesday sales in the three months to March 31 rose to 3.804 billion euros ($5.16 billion) from 3.555 billion in the same period a year earlier.

  • The supervisory board of French public works and transport concessions group Eiffage on Monday rejected an unsolicited all-share offer by its biggest single shareholder, Sacyr Vallehermoso of Spain.

  • Financial analysts cheered Sunday's presidential elections in France, which will result in a runoff vote on May 6 between right-wing candidate Nicolas Sarkozy and socialist rival Segolene Royal.

  • French presidential candidates Nicolas Sarkozy and Segolene Royal went back to the campaign trail on Monday as they battled for votes from the undecided centre ground that will be key to their May 6 runoff.   

  • Financial analysts cheered Sunday's presidential elections in France, which will result in a runoff vote on May 6 between right-wing candidate Nicolas Sarkozy and socialist rival Segolene Royal.

  • Carrefour, the world's second-largest retailer, said Monday it agreed to buy Brazil's Atacadao company for 2.2 billion Brazilian reais ($1.09 billion; 825 million euros), becoming the largest food retailer in South America's biggest economy.

  • In just a few hours, France will hold its breath. No more public appearances for the candidates for president, no more polls, no more politics in the media. By law, none of this will be authorized after midnight Friday, Paris time. Like an athlete before an important competition, 43 million French voters are invited to an ultimate moment of concentration.

  • France's presidential candidates began their last day of campaigning on Friday before Sunday's first round ballot, making a final push for support in a vote that will usher in a new generation of political leadership.

  • Spanish building firm Sacyr Vallehermoso unveiled plans to launch a takeover bid for French construction group Eiffage on Thursday, upping the stakes in an increasingly bitter Franco-Spanish stand-off.

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    It’s probably the worst-kept secret in Paris. Most of the French CEOs will vote for Nicolas Sarkozy on Sunday. But still it has to remain a secret. You never know, should Ségolène Royal become the next president, it could hurt your business and damage your relationship with the government.

  • Converium Holdings has issued an appeal to Scor shareholders urging them to vote against the French insurer's capital increase at its AGM on Apr 26, thereby blocking the takeover bid for Converium.

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    As part of the French electoral game, candidates always seal some sort of alliance -- often secretly -- between the two rounds of the Presidential election. But this time the deals are made openly, and even before the first round, which reinforces the feeling that this election may have something special.

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    Since this morning, Sarkozy and Royal are neck-and-neck again in the race for the French presidency, both credited with 50% of the votes at the second round of the election, according to a CSA opinion poll.

  • Clusters of migrant workers mount the train's crowded carriages, leaving their families and filing across the border to work at jobs more plentiful and lucrative than at home.

  • Swiss reinsurer Converium Holding on Friday urged shareholders to reject a $800 million hostile takeover from French rival SCOR.