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Macron quits to clear way for French presidential bid

2016-08-30 17:22:48| BBC News | Business | UK Edition

French Economy Minister Emmanuel Macron resigns from the government ahead of an expected centrist bid for the presidency in next year's election.

Tags: clear french bid presidential

 

French pay-TV losses hurt Vivendi's Q2 operating profit

2016-08-26 09:13:00| Telecompaper Headlines

(Telecompaper) Vivendi reported results for the second quarter below analysts' expectations, posting a year-on-year drop in EBITA of 41.5 percent to EUR 174 million. This negative performance was mainly driven by the ongoing losses of its pay-TV unit Canal Plus in France, which the company intends to redress with a EUR 300 million cost reduction plan, aimed to reach breakeven in France in 2018. Vivendi's Q2 adjusted net income dropped 3.1 percent to EUR 187 million on a comparable basis, while revenue declined to EUR 2.55 billion. Universal Music, Vivendi's second largest business unit, saw its profitability measures improve in the second quarter, with EBITA up 10.8 percent year-on-year. Conversely, performance at Canal Plus Group deteriorated significantly, suffering a 46.8 percent drop in EBITA to EUR 119 million, as the positive trend in its international operations only partly offset increased losses in France.

Tags: french operating profit hurt

 
 

Bad weather takes toll on French wine production

2016-08-25 17:43:09| BBC News | Business | UK Edition

French wine production is likely to be 10% lower this year than in 2015 because of a spring frost and a heatwave now.

Tags: bad production french takes

 

Massive data leak hits French submarine company

2016-08-24 07:10:00| BBC News | Business | UK Edition

Leaked documents from French shipbuilder DCNS reveal crucial details about submarines that the company is building for India, Malaysia, Chile and Brazil.

Tags: data company french hits

 

French hosting company OVH raises EUR 250 million

2016-08-15 12:24:00| Telecompaper Headlines

(Telecompaper) OVH has raised nearly EUR 250 million from US investors KKR & Co and Towerbrook, reports Le Figaro, valuing the business at over EUR 1 billion. OVH's co-founder Octave Klaba said that the two partners will help OVH to pass its target of EUR 1 billion in turnover within four to five years. The company's revenue was in the region of EUR 250 million in 2015. While the details of the investment have not been revealed, OVH has confirmed plans to continue its international expansion, particularly in the US.

Tags: company eur million french

 

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