The Paris Bourse concluded slightly in the red on Friday (-0.25%) a very turbulent week on the geopolitical front which put the nerves of investors to the test.
After opening up and back and forth, the CAC 40 index ended down 17.19 points to 6,929.63 points, experiencing its third consecutive session of decline. Over the week, the Parisian rating posted a loss of 1.17%.
European equity markets continued to move with news on the Ukrainian crisis during the week and uncertainties remain high, write the experts at Edmond de Rotschild AM.
The announcement of a meeting between the head of American diplomacy Antony Blinken and his Russian counterpart Sergey Lavrov scheduled for next week had been perceived as a positive sign by the markets on Friday until the evolution of the situation in the eastern Ukraine be a cause for concern.
Stock markets had started the week down sharply, fearing that tensions over Ukraine would escalate into armed conflict.
Apart from a respite on Tuesday after the announcement of a partial withdrawal of Russian forces deployed around Ukraine, of which Westerners are still waiting for proof, investors have opted for caution.
In this environment, the results publication season took a back seat this week, according to Edmond de Rotschild AM, who noted that many companies published their annual results, posting good figures but forecasting significant inflationary pressures.
Vivendi plans to raise its offer for Lagardre
The French media giant Vivendi intends to file Monday its proposed takeover bid for the shares of the Lagardre group that it does not yet hold and raise its offer to 25.50 euros per share for shareholders wishing to sell their stake immediately. The Lagardre title climbed 4.81% to 25.30 euros while the Vivendi share sold 0.61% to 11.45 euros.
Herms picks up, investors demanded more
The luxury group announced record sales, net profit and margin in 2021, well beyond its pre-pandemic financial results. But investors have mainly retained the slowdown in momentum in the fourth quarter, especially compared to its competitors, according to a note from Citi, quoted by the financial agency Bloomberg.
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The action fell 4.14% to 1,203 euros, after losing more than 7%. Since January 1, the stock has fallen more than 20%.
Recapitalization for EDF, which also falls
EDF lost 2.35% to 8.14 euros, after announcing an action plan on Friday to deal with its difficulties, with a capital increase project of around 2.5 billion euros and a disposal plan of 3 billion. euros. He announced a net profit multiplied by eight in 2021, 5.1 billion euros
Teleperformance stands out
Teleperformance (+4.89% to 330.40 euros) saw its net profit jump by 71.9% to 557 million euros in 2021, a record year.