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Tag: french
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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