French fashion-to-furniture retailer PPR, Pinault-Printemps-Redoute, rose 0.53% after it reported a forecast-beating 5% rise in first-quarter sales Thursday, driven by its luxury brands.
The owner of Gucci, Yves Saint Laurent, France's Conforama home furnishing and Fnac books and music chain said sales in the three months ended March 31 rose to 4.447 billion euros ($6.07 billion) from 4.235 billion euros a year ago.
Sales of the company’s catalog division fell by 1.9% to 1.05 billion euros. The group’s CFO, Jean Francois Paul, stated that an increase in the division’s Internet sales was not enough to compensate for a drop in traditional sales in the Redcast Group.
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France Telecom (up 4.25%) The boss of France Telecom's mobile operations Sanjiv Ahuja steps down as the group rules out any big mergers.
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Autoliv (down 3.99%) The world’s biggest maker of airbags and seat belts posted first-quarter earnings near market consensus, but cut its 2007 margin forecast.