Pierre John Felcenloben

May 28, 2024 | theneweuropean.co.uk | Pierre John Felcenloben

Even as commercial flights in New Caledonia are grounded, one kind of visitor is still disembarking. A thousand French troops have been sent to Nouméa, the capital, in a robust signal by the French government that it intends to restore calm and protect key infrastructure across the islands, where there have been tumultuous riots all week. Then, last week, Emmanuel Macron flew in, to deliver a stark message. “Republican order will be re-established,” he told local leaders.

Nov 3, 2023 | reuters.com | Olivier Cherfan |Pierre John Felcenloben

(Adds new leadership and details on split in paragraphs 1-4, analysts’ estimate in paragraph 5, outlook in paragraph 6)Nov 3 (Reuters) - Solvay on Friday announced new leadership teams to be appointed upon its planned split in December, after the Belgian chemicals producer’s quarterly sales slumped on lower volumes. Shareholders will vote on a proposed split into two listed companies on Dec. 8.

Oct 31, 2023 | thestarnewstoday.com | Pierre John Felcenloben

Oct 31 (Reuters) – French car parts maker Valeo (VLOF.PA) said on Tuesday it had signed an agreement to sell its thermal systems production assets in Russia to NPK Avtopribor for an undisclosed sum. Valeo said in a statement the sale would not incur any capital gain or loss and the transaction’s completion was subject to regulatory approvals. This will “enable the 123 Russian employees in this business to keep their jobs,” the company added.

Oct 26, 2023 | marketscreener.com | Pierre John Felcenloben

(Reuters) - French car parts maker Valeo on Thursday reported a 4% rise in third quarter like-for-like sales, supported by auto production in Europe and North America. The company, which focuses on the design and production of components and integrated systems for vehicles, reported sales of 5.22 billions euros, broadly in line with company consensus estimates for the quarter of 5.24 billion euros. Valeo reaffirmed its guidance for the rest of the year.

Oct 24, 2023 | nasdaq.com | Olivier Cherfan |Pierre John Felcenloben

Oct 24 (Reuters) - French tyre maker Michelin MICP.PA raised its forecast for full-year free cash flow before acquisitions to 2.3 billion euros ($2.4 billion) on Tuesday, from 2 billion euros. "Tire demand remained strong in July and August, as automakers continued to replenish inventory, but fell 10% year-on-year on the month of September as strikes called at a number of auto plants weighed heavily on monthly output," it said.