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news) , BNP PARIBAS (Paris: FR0000131104 - news)
The Belgian government will launch a two-pronged appeal against a court ruling that threatens to derail a state-led break-up of stricken financial group Fortis, including the sale of assets to BNP Paribas.
KBC Belgian financial services group will discontinue some hedge fund-related operations and close its Alternative Investment Management unit as part of the company's previously announced cost-savings and review initiative. KBC said its exposure to the alleged $50 billion fraud by Wall Street trader Bernard Madoff was 'immaterial'.
DEXIA Franco-Belgian financial services group Dexia (Brussels: DEXB.BR - news) said losses related to the alleged Madoff fraud could amount to 85 million euros, although it has no direct exposure to Madoff Investment Securities.
METRIS Metris is holding a shareholder meeting to vote on a merger with IPR.
ALSTOM (Paris: FR0010220475 - news) /AREVA Alstom CEO Patrick Kron said on Monday he was still in favour of a merger with state-controlled nuclear specialist Areva (Paris: FR0004275832 - news) but construction difficulties would be taken into account if a deal went ahead.
ZODIAC Zodiac (Paris: FR0000125684 - news) said first-quarter sales rose 13.4 percent to 553.9 million euros due to the impact of acquisitions and an improvement in the euro/dollar exchange rate. Like-for-like growth was 0.4 percent. The company also stuck to its fiscal full-year targets.
RENAULT (Paris: FR0000131906 - news) /PSA/VALEO (Paris: FR0000130338 - news) /MICHELIN (Paris: FR0000121261 - news) The French government said on Monday it was ready to do whatever was necessary to save the automobile industry in return for commitments to sites in France.
ATOS ORIGIN (Paris: FR0000051732 - news) Thierry Breton, the new chief executive of French IT services group Atos Origin, is planning to focus on improving margins next year rather than on growth 'at any price', he told French daily Les Echos.
THALES (Paris: FR0000121329 - news) /ALCATEL (Paris: FR0000130007 - news) /DASSAULT AVIATION (Paris: FR0000121725 - news) Alcatel-Lucent said on Tuesday it remained confident about the sale of its stake in Thales following the end of a period of exclusive negotiations with Dassault Aviation.
LVMH LVMH, the world's biggest luxury goods group, has scrapped a planned Louis Vuitton flagship store in Tokyo's Ginza shopping district as spreading recession takes the lustre off designer brands.
BANKS French Economy Minister Christine Lagarde said the extent of French banks' direct and indirect exposure to the $50 billion fraud allegedly perpetrated by prominent Wall Street trader Bernard Madoff remained unclear and was being calculated.
AUTOS European new car sales fell 25.8 percent year-on-year in November, the seventh consecutive monthly drop, car manufacturers' association ACEA (Milan: ACE.MI - news) said.
Keywords: MARKETS FRANCE BENELUX/STOCKS =4 PARIS
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