The French stock market exhibited a slight uptick shortly after noon on Friday, as investors expressed optimism regarding potential favorable developments from the imminent U.S.-Iran diplomatic discussions set for this weekend. Meanwhile, Israel persists in executing strikes in Lebanon. Furthermore, supply disruptions continue to affect the Strait of Hormuz, leading to a sustained increase in oil prices. France’s benchmark index CAC 40 increased by 54.99 points, reflecting a rise of 0.67%, reaching 8,300.79 shortly after noon.
- STMicroelectronics experienced an increase exceeding 3%.
- Kering and Stellantis experienced increases of 2.1% and 2%, respectively.
- Schneider Electric, Saint Gobain, Publicis Groupe, Capgemini, Hermes International, Legrand, EssilorLuxottica, Pernod Ricard, LVMH, Renault, BNP Paribas, Danone, and Michelin experienced increases ranging from 1% to 1.8%.
- Thales experienced a decline of approximately 2.9%.
- ArcelorMittal experienced a decline of 1.4%, whereas TotalEnergies, Engie, Orange, and Safran recorded losses ranging from 0.3% to 0.7%.
Sodexo experienced a decline of over 11% in its share price following the announcement of significantly reduced profits for the first half of fiscal 2026, attributed to lackluster revenues. Additionally, the firm adjusted its projections for fiscal 2026. The group’s net profit experienced a significant decline of 56.7%, falling to 188 million euros compared to the previous year’s figure of 434 million euros. Basic earnings per share decreased to 1.29 euros from 2.98 euros in the previous year.