TF1, M6 jump as French elections results bring privatisation risk relief

Television Francaise 1 SA

08/07/2024 08:56

** French media groups TF1  TFFP.PA  and M6  MMTP.PA  shares
sit among top performers on France's SBF 120 index  .SBF120  as
Le Pen's far-right party result in the second round of French
parliamentary elections removes the privatisation risks
    ** Shares in public broadcaster TF1 surge 5.6% and sit on
top of SBF 120 index, while its smaller peer M6 rises about 4%
    ** "With the RN predicted to take a much smaller share of
the vote, the privatisation of France TV seems less likely to
come to fruition, which should be helpful for TF1 and M6,"
J.P.Morgan's analyst Daniel Kerven says
    ** Including Monday's rise, TF1 has gained about 16% and M6
about 12% over the last week, as the National Rally scored
less-than-feared already in the first round of the elections
    
  

 (Reporting by Gianluca Lo Nostro)
 ((gianluca.lonostro@thomsonreuters.com))