French caterers rise as competition watchdog discourages fee caps

Elior SA

17/10/2023 08:40

** Shares in French catering companies rise as a report from
the country's competition watchdog suggests fee caps might not
be the best approach in the sector
    ** Edenred  EDEN.PA  and Elior  ELIOR.PA  arise 4.6% and
3.2% respectively, sitting at the top of SBF 120  .SBF120 
index, while Sodexo  EXHO.PA  rises 1.9%
    ** "While price caps can be a response to market failures,
they are not the most appropriate response in this case", said
the French Autorite de la Concurrence in a report
    ** Caterers' shares dropped sharply early October following
a French minister's comments on the possible meal vouchers
commissions cap in France

 (Reporting by Federica Mileo in Gdansk)
 ((Federica.mileo@thomsonreuters.com))