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Toronto stocks closed weaker on Tuesday, dragged into negative territory by tarnished gold stocks and profit-taking.
The Toronto Stock Exchange's key 300 Composite Index fell 37.92 points to finish at 6075.98, the TSE's second straight day of losses. Trading was brisk at 120.9 million shares worth C$2.1 billion ($1.57 ... | 26 |
Toronto stocks ended mixed in thin dealings on Monday, resisting New York's continued sell-off with the help of stronger key gold issues.
The Toronto Stock Exchange's key 300 Composite Index rose 7.18 points to reach 6040.76 in turnover of 87 million shares worth C$1.29 billion ($961 million).
But declining issues beat... | 26 |
Toronto stocks posted their 51st record close of 1996 on Monday, powered by a rally in interest-sensitive issues ahead of an expected cut in Canadian interest rates, analysts said.
"(The) market is looking for yet another Bank of Canada cut," said MMS International analyst Katherine Beattie.
Canada's central bank has d... | 26 |
- The chief financial officer of debt-ridden Rogers Communications Inc., resigned suddenly Monday.
Graham Savage, well-respected by analysts and considered a restraining force on flamboyant president Ted Rogers, had been with the firm for 21 years. He resigned to "pursue other interests," the company said.
"Of all the ... | 26 |
Heavily weighted bank stocks pushed the Toronto Stock Exchange to stronger territory at Monday's close, despite the fact that more issues fell than climbed.
The TSE's key 300 composite index gained 34.61 points to end at 5952.41, a little shy of its recent record close of 5966. Turnover was 94.1 million shares worth C$... | 26 |
The Toronto Stock Exchange's key index ended higher on Wednesday, but the overall market finished mixed in thin trading as many money managers decided to place their bets on fixed income investments.
The TSE 300 Composite Index rose 24.57 points to close at 6071.28 in turnover of 105.3 million shares worth C$1.4 billio... | 26 |
Toronto stocks ended mixed on Tuesday, with a focus on falling pipeline and gold issues after the market gained nearly 300 points thus far in August.
"This is a momentum that cannot be maintained, so this market is giving back some of its gains," said P and C Holdings President Ron Meisels. "I think it'll take a few mo... | 26 |
Toronto stocks ended softer on Thursday, snapping a recent winning streak despite strength in the gold and real estate sectors.
The Toronto Stock Exchange's key 300 Composite Index slipped by 10.69 points to reach 5739.23 points, after adding more than 1.5 percent yesterday.
"After yesterday's remarkable action, it's t... | 26 |
The Toronto stock market ended weaker on Friday, but recovered most of its losses after sinking nearly three percent on comments by U.S. Federal Reserve Chairman Alan Greenspan.
The Toronto Stock Exchange's key 300 Composite Index fell 31.69 points to close 5810.06 after experiencing its worst intra-day decline in nine... | 26 |
Toronto stocks added almost one percent in value on Tuesday, posting their 52nd record close of 1996 on rallying bank stocks and stronger bond and currency markets, analysts said.
"We got a new high on the Canadian dollar. Second, we have a big increase in the Canadian bonds. Thirdly, we had a very strong Dow Jones (In... | 26 |
At Wednesday's closing siren the Toronto Stock Exchange rang up a 60 point gain for its key 300 Composite Index, driven by an investor buying frenzy.
The TSE 300 Composite Index added 60.55 points to end at 5966.10 points, which was its 61st record close of 1996. Canada's largest exchange also hit an new intra-day high... | 26 |
Toronto's stock market drifted lower in moderate trading to close softer on Monday, weighed down by a battered oil and gas sector despite firmer bank issues.
The key 300 Composite Index fell 20.47 points to end at 6081.27 in trading of 93.9 million shares worth C$1.4 billion ($1.04 billion).
"The energy sector's the on... | 26 |
The chief executive of Zellers, a major Canadian retailer, aims to boost sales per square foot by more than a third over three years as the discount chain seeks to regain market leadership from U.S. invader Wal-Mart.
Millard Barron, a former executive at Wal-Mart Inc. - which ousted Zellers as Canada's top discount s... | 26 |
The Toronto Stock Exchange closed mixed in heavy trading on Friday, but its key index managed to stay above to the 6000 point mark.
The TSE 300 Composite Index closed 1.98 points lower at 6016.67, after falling 6000 points earlier.
On the broader market, advancing stocks outnumbered declining ones 558 to 398. Another 3... | 26 |
The Toronto Stock Exchange snapped a seven-session winning streak to close softer on Monday, depressed by weak gold stocks.
The TSE's key 300 Composite Index lost 24.90 points to end at 6113.90 points, in turnover of 104 million shares worth C$1.58 billion.
"We had a really nice seven-day rally," said MMS International... | 26 |
Toronto stocks closed on a firmer note on Friday, boosted by a party in the bond market and strength in the heavily weighted banking and gold sectors.
The Toronto Stock Exchange's key 300 Composite Index rose 29.85 points to reach 6101.74, with 111 million shares traded worth C$1.74 billion ($1.29 billion).
North Ameri... | 26 |
Toronto stocks ended firmer in brisk dealings on Friday, adding another 10 points to the week's gains of 90 points and bringing the key 300 index closer to breaking its all-time high.
"We just refuse to move lower," said MMS International analyst Katherine Beattie. "We're just ignoring all the bad news." The Toronto St... | 26 |
Despite the Toronto Stock Exchange's steep decline this week, analysts expect Canada's biggest equity market to resume its upward march and continue outperforming Wall Street in the New Year.
Early on Friday, Toronto's key 300 Composite Index posted its largest intraday drop in nine years, losing 171 points or almost t... | 26 |
The Toronto Stock Exchange's key index turned in another solid performance on Friday, posting a fourth record close for 1997 and hitting a new intra-day high as well.
The TSE 300 Composite Index added 35.14 points to close at 6138.80 in a seven session winning streak. Trading again was brisk: 120.3 million shares moved... | 26 |
Toronto's stock market ended lower on Wednesday, dragged down by Wall Street after U.S. high technology stocks were hit by profit-taking.
The Toronto Stock Exchange's key 300 Composite Index lost 33 points to end at 6112.41. Turnover was heavy at 130.5 million shares worth C$2.04 billion ($1.52 billion).
The Dow Jones ... | 26 |
Toronto stocks rallied to close higher on Tuesday, surging ahead on strength in the important resource sectors.
"Canadian gold stocks led Canadian stock prices higher," said Richardson Greenshields analyst Linda Lehman in a market report. The Toronto Stock Exchange's key 300 Composite Index jumped 33.32 points to reach... | 26 |
The Toronto Stock Exchange's key index set records for a second straight session on Wednesday, achieving new closing and intra-day highs.
The TSE 300 Composite Index rose 10.48 points to end at 6065.34, after earlier setting an intra-day high of 6080.15.
Trading was brisk with 114.6 million shares changing hands worth ... | 26 |
Toronto stocks ended softer on Monday after the important gold sector crumbled under the weight of falling bullion prices.
The Toronto Stock Exchange's key 300 Composite Index fell 31.70 points to 5984.97, below the 6000 level. Trading was brisk at 92.6 million shares, worth C$1.6 billion (US$1.2 billion).
The heavily ... | 26 |
The Toronto stock market ended weaker in brisk trading on Wednesday, pulled down by investor profit-taking in every sector except for surging golds.
The TSE's key 300 Composite Index dropped 30.08 points to 5910.65, losing ground for the third day in a row.
Since Monday the 300 index has fallen 106 points or more than ... | 26 |
Canada's largest stock exchange's key index broke through the psychological barrier of 5500 points on Monday to a new closing high of 5518 points.
The Toronto Stock Exchange's 300 Composite Index rose 25.5 points to hit 5518 points by day's end, propelled by soaring gold issues and surging oil stocks.
The 300 Index rea... | 26 |
This year's rally at the Toronto Stock Exchange, Canada's biggest equity market, will stretch through 1997 and may last until the turn of the century, analysts forecast.
"I think the Toronto Stock Exchange is in the middle of a bull market," said Michael Metz, chief investment strategist with Oppenheimer & Co Inc i... | 26 |
This year's rally on the Toronto Stock Exchange, Canada's biggest equity market, will stretch through 1997 and may last until the turn of the century, analysts forecast.
"I think the Toronto Stock Exchange is in the middle of a bull market," said Michael Metz, chief investment strategist with Oppenheimer & Co. Inc.... | 26 |
Toronto stocks ended sharply lower on Thursday, pulled down by investor profit-taking and a sell-off in the heavily weighted gold issues.
The Toronto Stock Exchange key 300 Composite Index lost 43.9 points to end at 5922.2 points, after nearly touching the 6000-point level yesterday.
Ron Meisels, president of P & C... | 26 |
The Toronto Stock Exchange closed weaker in heavy trading on Tuesday, hit by plunging gold stocks and a sell-off on Wall Street.
The TSE's key 300 Composite Index lost 44.24 points to finish the day at 5940.73. The Dow Jones Industrial Average in New York fell nearly 80 points to 6442, its largest loss in a single day ... | 26 |
Toronto stocks ended softer due to a sell-off in financial services on Wednesday, while the value of trading was the third-highest ever.
The Toronto Stock Exchange key 300 Composite Index fell 7.96 points to close at 5799.01 points, before setting a new intra-day high of 5816.40 points.
Trading volume was 133.2 million... | 26 |
The Toronto Stock Exchange soared and posted its 53rd record close of 1996 on Wednesday, driven by excitement in interest-sensitive issues and conglomerates.
The key TSE 300 Composite Index rocketed 85.45 points to close at 5749.92 points on 118.1 million shares.
The value of shares traded on Canada's largest equity ex... | 26 |
She once jokingly thought of calling her autobiography "Fascist Bitch," and now Canadian journalists are wondering what epithet to use as she plays an expanding role in the country's largest newspaper empire.
British-born Barbara Amiel, the wife of Hollinger Inc. chairman Conrad Black, is an accomplished journalist who... | 26 |
A small but growing number of Canadians intend to raid the electronic halls of the Internet for holiday gift-buying instead of strolling through local malls, according to a new survey.
Three percent of Canadians with access to the worldwide computer network said they planned to buy a gift using the Internet, a Deloitte... | 26 |
The Toronto stock market ended weaker in brisk trading on Thursday, hit by a sell off in Canadian bonds and heavily weighted bank stocks.
The Toronto Stock Exchange's key 300 Composite Index fell 68.54 points to close at 5842.11, down almost 1.2 percent. Trading totalled 108.3 million shares worth C$1.9 billion (US$1.4... | 26 |
Toronto stocks ended weaker in light trading on Thursday, swept lower by a downdraft in the oil and gas sector.
Toronto's key 300 Composite Index fell 40.52 points to 6071.89. Trading was lackluster at 107.3 million shares worth C$1.4 billion ($1.04 billion).
"Toronto committed suicide," said portfolio manager Josef Sc... | 26 |
Several large-capitalization Canadian stocks could benefit, while others may be hurt when the Toronto Stock Exchange changes rules governing control blocks in its key 300 Composite Index on Friday.
Stocks such as Barrick Gold Corp, funeral home operator Loewen Group Inc and energy firm Petro-Canada should get snapped u... | 26 |
The chief executive of Zellers, a major Canadian retailer, aims to boost sales per square foot by more than a third over three years as the discount chain seeks to regain market leadership from U.S. invader Wal-Mart.
Millard Barron, a former executive at Wal-Mart Inc. - which ousted Zellers as Canada's top discount sto... | 26 |
Toronto stocks ended softer on Thursday but avoided the massive sell-off on Wall Street as heavyweight bank and transport issues restrained losses in the Canadian market, analysts said.
The Toronto Stock Exchange's key 300 Composite Index slipped 18.16 points to end at 6040.51, while the Dow Jones Industrial Average dr... | 26 |
The Toronto Stock Exchange's key index closed at new highs for the third consecutive session on Thursday, soaring into record territory and ending above the 6,100 point level.
The TSE 300 Composite Index climbed 38.32 points to end at 6103.66, after earlier reaching a new intra-day high of 6112.32.
Toronto, which set r... | 26 |
The Toronto Stock Exchange posted another record close on Wednesday on the back of stronger financial service and conglomerate stocks.
The TSE's key 300 Composite Index rose 10.85 points to 5986.41 in heavy trading. Trading volume was 108.2 million shares worth C$1.9 billion (US$1.4 billion).
Of Toronto's 14 sub-indice... | 26 |
The Toronto Stock Exchange's key 300 Composite Index rallied to close at a new all-time high of 6055 points on Tuesday, posting its first such record in 1997.
The influential index jumped 53.38 points to end at 6054.86 in brisk turnover of 129.3 million shares worth C$2.1 billion ($1.55 billion).
It busted through a pr... | 26 |
The Toronto stock market closed softer for a third straight day on Wednesday, depressed by losses on Wall Street.
"Canada very often is just following New York," said Montreal-based portfolio consultant Ron Meisels.
The Toronto Stock Exchange's key 300 Composite Index fell 17.31 points to close at 6058.67. Trading was ... | 26 |
Lower profits from base metals producers are clouding the otherwise improving corporate earnings picture for Canadian companies in the third quarter, analysts said.
Richardson Greenshields of Canada analyst Dunnery Best forecast "very substantial declines in earnings" for major base metal firms.
"I think almost everywh... | 26 |
The Toronto market was boosted to another record close on Tuesday by strong buying interest in Barrick Gold Corp. after news broke that it is negotiating to gain control of a huge gold deposit in Indonesia.
The Toronto Stock Exchange's key 300 Composite Index gained 23.15 points to end at 5975.56. Turnover was heavy, w... | 26 |
The Toronto stock market posted its sixth record close of the year on Tuesday, led by a rally in Canada's so-called Big Six banks.
Toronto's key 300 Composite Index rose 4.48 points to close at 6145.41 in turnover of 115.4 million shares worth C$1.8 billion ($1.3 billion).
Investors snapped up banks and other financial... | 26 |
Toronto's stock market extended Friday's rally and closed firmer on Monday, boosted by stronger oil and gold issues to end under its all-time high of 6018 points.
Canada's largest equity market closed barely above the watershed 6000 point mark, up 16.55 points at 6001.48. Turnover was brisk at 111.7 million shares wort... | 26 |
Canadian consumers are set to play Scrooge again this holiday season to the despair of long-suffering Canadian retailers, according to a survey of consumers by accounting firm Arthur Andersen.
"Overall, the holiday season will not be too much different from last year," said Anderson partner Frank Anderson, who heads th... | 26 |
The Toronto stock market joined a rally in bonds and finished stronger on Friday, resisting a late session downturn in New York and weakness in heavyweight gold stocks.
Toronto's key 300 Composite Index rose 24.48 points to close at 6109.58. About 105 million shares changed hands worth C$1.48 billion ($1.1 billion).
"I... | 26 |
Investors, who last week helped drive the Toronto Stock Exchange to its 50th record close this year, are unlikely to cool on Canadian stocks any time soon, attracted by Canada's improving economic fundamentals.
"Canada really has begun to address its deficit problems with rather Calvinistic virtue and I think this is g... | 26 |
Investors, who last week helped drive the Toronto Stock Exchange to its 50th record close this year, are unlikely to cool on Canadian stocks any time soon, attracted by Canada's improving economic fundamentals.
"Canada really has begun to address its deficit problems with rather Calvinistic virtue and I think this is g... | 26 |
Eurotunnel Plc, the debt-laden Channel Tunnel operator, pledged on Monday to recover from the public relations disaster which followed last November's tunnel fire and said it expected to restore lost market share in 1997.
Speaking from Eurotunnel's Folkestone base in England, Patrick Ponsolle, chairman, outlined the gr... | 38 |
Anglo-French Eurotunnel SA/Plc on Wednesday sought to reassure the public about the safety of the Channel Tunnel following last week's fire which halted most rail services between France and Britain.
"There is no doubt the tunnel is at least as safe as other Channel transport systems," French co-chairman Patrick Ponsol... | 38 |
Just as the submarine changed the face of naval warfare in World War Two, Europe's shipbuilders are hoping a new breed of "stealth" warships will do the same in the 21st century.
At a trade fair at the business airport of Le Bourget, north of Paris, three shipbuilders were presenting their own version of combat ships w... | 38 |
Just as the submarine changed the face of naval warfare in World War Two, Europe's shipbuilders are hoping a new breed of "stealth" warships will do the same in the 21st century.
At a trade fair at Le Bourget airport, north of Paris, three shipbuilders presented their own version of combat ships with the ability to hid... | 38 |
The European Airbus consortium said on Tuesday it was confidently pressing ahead with studies on a 555-seat passenger plane despite a decision by archrival Boeing to scale back work on a larger jumbo jet.
Boeing on Monday said market conditions did not justify the risk and expense of building a new version of its 747 j... | 38 |
French aviation executives said on Tuesday they feared renewed turbulence with the United States over airline market access in France, with flagcarrier Air France caught up in a looming "air war".
The U.S. government wants France to sign a bilateral treaty which would grant more landing rights to American airlines, whi... | 38 |
State-owned Air France on Wednesday reported dramatically improved earnings of 802 million francs ($158 million) in the first half and placed a bumper order for 20 Boeing and Airbus aircraft, plus options.
The profit estimate for the six months to September 30, which emerged in an Air France board statement, compared w... | 38 |
Air France is linking up with two major U.S. carriers, Delta Air Lines and Continental, in a transatlantic alliance crucial to its ability to keep up with its major European rivals.
The French state airline said on Wednesday it had signed separate letters of intent for cooperation with Delta and Continental after a len... | 38 |
French subscriber television company Canal Plus said on Friday that it was merging with Nethold, a Dutch satellite television company, to create one of the world's largest pay-TV groups.
Nethold is jointly held by Richemont SA, which is quoted on the Zurich and Johannesburg stock exchanges and MIH Holdings Ltd, a liste... | 38 |
Partners in European aircraft consortium Airbus must speed up plans to convert the partnership into a single company after news of a merger between its two U.S. competitors, an aerospace executive said on Sunday.
Boeing Co and McDonnell Douglas announced a $13.3 billion merger plan which would create the world's larges... | 38 |
Partners in European aircraft consortium Airbus must speed up plans to convert the partnership into a single company after news of a merger between its two U.S. competitors, an aerospace executive said on Sunday.
Boeing Co and McDonnell Douglas earlier announced a $13.3 billion merger plan which would create the world'... | 38 |
Air France is linking up with two major U.S. carriers, Delta Air Lines and Continental, in a transatlantic alliance crucial to its ability to keep up with its major European rivals.
The French state airline said on Wednesday it had signed separate letters of intent for cooperation with Delta and Continental after a len... | 38 |
Partners in European aircraft consortium Airbus must speed up plans to convert the partnership into a single company after news of a merger between its two U.S. competitors, an aerospace executive said on Sunday.
Boeing Co and McDonnell Douglas announced a $13.3 billion merger plan which would create the world's larges... | 38 |
A longstanding row over market share between rival plane makers Boeing of the U.S. and Europe's Airbus consortium resurfaced on Tuesday, when Airbus claimed to have overtaken the U.S. giant.
Airbus senior vice president for strategy John Leahy told reporters at the Farnborough air show that if 117 cancellations of prev... | 38 |
Shares in debt-mired Channel Tunnel operator Eurotunnel SA fell on Tuesday after they were requoted following a week's suspension amid disappointment over terms of its restructuring with creditor banks.
The troubled Anglo-French company unveiled on Monday details of the refinancing its 69.6 billion francs ($13.50 billi... | 38 |
A two-stage privatisation France's Thomson SA electronics group would allow an early sale of its defence arm and make better economic sense than packaging defence with the loss-making consumer goods unit, stock market analysts said on Monday.
Conservative Prime Minister Alain Juppe said in an interview in the London Fi... | 38 |
Construction group Bouygues has emerged as the latest contender in the French telecommunications arena with its joint bid with Italy's STET to run the telephone network of rail operator SNCF
Bouygues follows the larger Cie Generale des Eaux, which last month announced blue chip partners for its Cegetel telecoms unit, a... | 38 |
A planned sale of French television maker Thomson Multimedia to South Korea's Daewoo Electronics for a symbolic one franc has sparked a political backlash against the government's privatisation plans.
The government wants to sell electronics group Thomson SA to the Lagardere conglomerate, which would sell the loss-maki... | 38 |
France's national audit office on Monday criticised a lack of clarity and insufficient competition in the water supply market, dominated by two giant companies Cie Generale des Eaux and Lyonnaise des Eaux.
"There is a high degree of concentration. That is not to say competition is absent, but it is organised competitio... | 38 |
The four partners of the Airbus consortium on Monday signed an agreement aimed at making the European plane maker a unified company better able to compete with Boeing Co.
In a statement, Airbus Industrie said its four European partners had signed a memorandum of understanding to restructure Airbus into a limited liabil... | 38 |
The French government said on Friday it would reveal early in the New Year how it plans to sell the Thomson-CSF state defence electronics firm and that the sale would be covered by a 1986 privatisation law.
The decision, announced by the finance ministry, makes the sale process slower than if it had been carried out un... | 38 |
The French government sold a nine percent stake in oil major Elf-Aquitaine on Wednesday, raising around 10 billion francs ($2 billion) and allowing the energy group to buy back a big chunk of its own shares.
The disposal follows a sharp rise in the Paris bourse in recent weeks and, specifically of oil stocks which have... | 38 |
French utilities giant Compagnie Generale des Eaux posted on Monday higher first half profits and unveiled plans to reorganise its loss-making construction business, hammered by a depressed French market.
Chairman Jean-Marie Messier told a news conference the company made first half net profit of 808 million francs, af... | 38 |
France's national audit office criticised on Monday a lack of clarity and insufficient competition in the water supply market, dominated by two giant companies Cie Generale des Eaux and Lyonnaise des Eaux.
"There is a high degree of concentration. That is not to say competition is absent, but it is organised competitio... | 38 |
Just as the submarine changed the face of naval warfare in World War Two, Europe's shipbuilders are hoping a new breed of "stealth" warships will do the same in the 21st century.
At a trade fair at Le Bourget airport, north of Paris, three shipbuilders presented their own version of combat ships with the ability to hid... | 38 |
Air France said Wednesday it was linking up with two major U.S. carriers, Delta Air Lines and Continental Airlines, in a trans-Atlantic alliance crucial to its ability to keep up with its major European rivals.
The French state airline said it signed separate letters of intent to coordinate ticket booking and feed pass... | 38 |
Shareholder democracy will grab the spotlight when investors in the troubled Channel Tunnel operator Eurotunnel SA/Plc vote on a complex debt deal aimed at keeping the company afloat.
The restructuring agreement with its bank lenders requires a two-thirds majority at an extraordinary meeting of shareholders expected to... | 38 |
European aircraft maker Airbus looks set to soar higher in 1996 following a bumper order from airline USAir on Wednesday, but tough decisions still need to be made on its products and ownership to secure the long-term future.
Airbus Industrie announced on Wednesday one of the biggest orders in aviation history with the... | 38 |
The French government has cleared the way for state-owned Air France to buy Boeing long-haul passenger jets from the United states, as well as similar planes from French-based Airbus, an official source said on Tuesday.
The source told Reuters the clearance would come when the airline's board members meet on Wednesday ... | 38 |
French electrical equipment company Schneider aims to almost double its return on equity capital to 15 percent in the next three years, executive vice president Michel Staib told Reuters.
"Our objective is to have a net return on capital, before amortisation of goodwill, of 15 percent...in three years," he said in an i... | 38 |
The French government, belatedly attempting to consolidate a fragmented aerospace industry, on Wednesday gave the green light for aero-engine maker Snecma to buy up rocket engine manufacturer SEP.
State-owned Snecma already owns 51 percent of Societe Europeene de Propulsion (SEP) and wants to buy out minority sharehold... | 38 |
European aircraft consortium Airbus said on Friday it had no evidence that archrival Boeing was putting pressure on U.S. suppliers to prevent them from working on Airbus' planned A3XX large plane.
Daimler-Benz Aerospace (Dasa) chairman, Manfred Bischoff, said on Thursday he was concerned Boeing and merger partner McDon... | 38 |
French holding company CGIP said on Tuesday it was buying 20 percent of car parts manufacturer Valeo, solving a problem which has occupied the government, France's car makers and Italian businessman Carlo de Benedetti.
Cerus, a French investment firm controlled by de Benedetti, sold the 20 percent stake to Compagnie Ge... | 38 |
Some 120 Eurotunnel SA /Plc employees are working round the clock to clear wreckage from the Channel Tunnel, devastated by a fire two weeks ago which has halted passenger services on the undersea link between Britain and France .
Reporters visiting the tunnel on Tuesday viewed a nightmarish scene of flame-scarred concr... | 38 |
State-owned Air France is under pressure from the French government to drop any thought of buying Boeing long-haul jets from the U.S. and stick with the French-based Airbus equivalent, industry sources said on Friday.
They said that Air France chairman Christian Blanc flew into a political storm after saying on Thursda... | 38 |
A restructuring agreed between Channel Tunnel operator Eurotunnel SA /Plc and bank negotiators on its 69.6 billion francs of debt was a "robust" deal, French co-chairman Patrick Ponsolle said on Monday.
He told a news conference the restructuring was robust as it would eliminate a total 16 billion francs of debt by swa... | 38 |
The European Airbus consortium must resolve deep differences over the future shape of the aircraft-maker to meet the challenge posed by the merger of its U.S. rivals, industry executives said on Monday.
Boeing and McDonnell Douglas shook the aerospace world on Sunday by announcing they were joining to create a company ... | 38 |
Channel Tunnel operator Eurotunnel SA/Plc sought to reassure the public Wednesday about the safety of the rail link between France and Britain following last week's fire that halted most services.
But its public relations effort was marred by a minor fire that broke out near the site of last week's blaze.
"There is no ... | 38 |
French state-owned aerospace group Aerospatiale, in the throes of merger talks, faces key questions on its strategic operations as Europe's aircraft industry gears up for competition with a new U.S. giant.
Aerospatiale is due to merge with combat plane maker Dassault Aviation as part of France's consolidation of its fr... | 38 |
The four partners of the Airbus consortium Monday signed an agreement aimed at making the European planemaker a unified company better able to compete with U.S. rival Boeing Co.
Airbus Industrie said in a statement its four European partners had signed a memorandum of understanding to restructure Airbus into a limited ... | 38 |
Air France on Wednesday ordered 10 Boeing jetliners and 10 Airbus jets, and the government-owned airline reported dramatically improved profits of 802 million francs ($158 million) in the first half.
The profit estimate for the six months ending Sept. 30, disclosed in an Air France board statement, compared with a loss... | 38 |
State-owned Air France on Wednesday reported dramatically improved earnings of 802 million francs ($158 million) in the first half and placed a bumper order for 20 Boeing and Airbus aircraft, plus options.
The profit estimate for the six months to September 30, which emerged in an Air France board statement, compared w... | 38 |
French utilities giant Compagnie Generale des Eaux on Monday posted higher first half profits and unveiled plans to reorganise its loss-making construction business, hammered by a depressed French market.
Chairman Jean-Marie Messier told a news conference the company made a first half net profit of 808 million French f... | 38 |
French President Jacques Chirac looked set on Wednesday to achieve his ambition of creating a national defence giant to rival huge U.S. conglomerates through the planned merger of Lagardere's Matra with Thomson- CSF.
The government announced on Wednesday it preferred a bid by missile-maker Lagardere Groupe for electron... | 38 |
The European Airbus consortium said on Tuesday it was confidently pressing ahead with studies on a 555-seat passenger plane despite a decision by archrival Boeing to scale back work on a larger jumbo jet.
Boeing on Monday said market conditions did not justify the risk and expense of building a new version of its 747 j... | 38 |
A two-stage privatisation France's Thomson SA electronics group would allow an early sale of its defence arm and make better economic sense than packaging defence with the loss-making consumer goods unit, stock market analysts said on Monday.
Conservative Prime Minister Alain Juppe said in an interview in the London Fi... | 38 |
Troubled Channel Tunnel operator Eurotunnel SA/Plc is due to release first-half results on Monday but analysts said any attempt to forecast the figures was futile, given the uncertainties over its debt restructuring.
"Everything depends on resolving the financial situation. If they announce a good figure...that might h... | 38 |
French subscriber television company Canal Plus said on Friday it was merging with Nethold, a Dutch satellite television company, to create one of the world's largest pay-TV groups.
Nethold is jointly held by Richemont SA, which is quoted on the Zurich and Johannesburg stock exchanges, and MIH Holdings Ltd, a listed ho... | 38 |
Shares in debt-mired Channel Tunnel operator Eurotunnel SA fell on Tuesday after they were requoted following a week's suspension, amid disappointment over terms of its restructuring with creditor banks.
The troubled Anglo-French company unveiled on Monday details of the refinancing its 69.6 billion francs ($13.50 bill... | 38 |
Europe's aircraft industry flew closer to strengthening its industrial base with announcements on Friday that a 100-seater jet to be built with China will form part of the Airbus family and Italy's Alenia will enter new Airbus programmes.
The news follows statements earlier this week from archrival Boeing and the small... | 38 |
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