
French media group Lagardere warned on Tuesday that its 2011 profits would fall by much more than first expected because of a volatile environment, sparking heavy losses in the company\'s shares. Lagardere said it approached the end of the year \"with prudence given an overall environment which is very volatile,\" cutting its core media business operating profit forecast for the year, now expected to fall 5-12 percent. In August, the company had warned that media operating earnings could be down 5.0-7.0 percent after net profit slumped 65 percent in the first half. The company\'s shares plunged more than 7.0 percent in midday trading on a Paris market which was up 1.58 percent.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor