Do More With Reuters
Partner Services

RPT-UPDATE4-SocGen misses Q3 profit forecast as bid talk returns

Wed Nov 4, 2009 4:00pm IST
 
Email | Print | | Single Page
[-] Text [+]

(Repeats to additional Reuters subcribers)

* Q3 net profit 426 mln eur vs 481 average forecast

* Says economic environment still uncertain

* Says well placed for recovery from crisis

* BNP Paribas denies Tribune article it eyeing SocGen

* Shares up 4.6 pct, recovering from recent losses

(Adds analyst and fund manager comments, updates shares)

By Sudip Kar-Gupta and Julien Ponthus

PARIS, Nov 4 (Reuters) - Societe Generale's (SOGN.PA: Quote, Profile, Research) lower-than-expected third quarter profit has highlighted the French bank's weakness compared to many of its rivals and its position as a possible bid target if there is a sector shake-up.  Continued...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

A man walks with the Indian national flag in front of the Taj Mahal hotel, one of the sites of last year's militant attacks, in Mumbai November 26, 2009.  REUTERS/Punit Paranjpe
One Year Later

Mumbai held tearful memorials as it marked the first anniversary of militant raids that killed 166 people.   Full Article | Full Coverage