Sudip Kar-Gupta

French jobless rate fell in second-quarter to lowest level since end-2008

14 Aug 2019

PARIS France's unemployment rate fell back during the second quarter to reach its lowest level since the end of 2008 and offer some relief for President Emmanuel Macron in the face of a slowing economy and anti-government protests.

China's Tencent talking to Vivendi about stake in Lady Gaga's label

07 Aug 2019

PARIS/BEIJING China's Tencent Holdings Ltd is in talks to buy up to 20% of Universal Music Group (UMG) from Vivendi SA, valuing the music label of Lady Gaga, Ariana Grande and the Beatles at around 30 billion euros ($34 billion), as both firms look to expand in a recovering global music market. | Video

UPDATE 1-Altice Europe's shares jump after company lifts its targets

01 Aug 2019

PARIS, Aug 1 Altice Europe's shares jumped to their highest level in two years on Thursday, after the cable and telecoms group raised its full-year financial targets.

French retailer Casino sells subsidiary Vindémia to cut debt

22 Jul 2019

PARIS French supermarket retailer Casino , under pressure to reduce its high debts, has agreed to sell its subsidiary Vindemia for 219 million euros ($246 million).

Oil company Amerisur snubs bid overture from French rival Maurel & Prom

22 Jul 2019

PARIS Latin America-focused oil exploration company Amerisur Resources on Monday snubbed bid overtures from French rival Maurel & Prom , saying Maurel's possible 210 million pounds sterling ($263 million) offer undervalued it.

Amber Capital tells French utility Suez to rethink strategy

18 Jul 2019

PARIS Shareholder activist firm Amber Capital on Thursday called for a strategy review at Suez , arguing that the French utility had underperformed rivals and could create more value for its shareholders.

UPDATE 1-Amber Capital tells French utility Suez to rethink strategy

18 Jul 2019

* Many European companies targeted by activist funds (Adds detail and response from Suez)

Carrefour goes for fast home delivery with Glovo deal

17 Jul 2019

PARIS Carrefour has teamed up with Spanish start-up Glovo to provide a fast home delivery service as the French supermarket group looks to deal with growing competition from the likes of Amazon as well as domestic rivals.

Rothschild buys minority stake in equity research firm Redburn

17 Jul 2019

PARIS Rothschild has agreed to buy a minority stake in British equity research and financial services firm Redburn for an undisclosed amount of money, as regulatory pressures push smaller companies to consolidate with larger players.

French business elite cut Macron slack for slower reform pace

08 Jul 2019

AIX-EN-PROVENCE, France Assailed by social unrest and lagging in opinion polls, French President Emmanuel Macron has for now managed to cling on to a well of support from company leaders in France even as his reform push loses momentum.

World News

Afghan wedding suicide blast kills 63, amid hopes for talks

A suicide bomber killed 63 people and wounded 182 in an attack on a packed wedding reception in the Afghan capital on Saturday night, the interior ministry said, as violence shows no sign of easing despite hopes for a deal on a U.S. troop withdrawal.