Boat Insurance News: Stocks slowdown for the firm Beneteau

Posted on April 08^th 2009

There has been a fall of 5.1 in the shares for the firm Beneteau, this is after the French boat maker has made plans to cut between 700 and 800 jobs this is since the 50 fall in orders since January.

Beneteau says that it is reviewing its prospects for the 2010 season and will be talking to staff representatives but they do not wish to discuss the figures.

It has been stated that the crisis in the leisure boat sector is worsening, Beneteau should weather this crisis but its cash surplus should quickly narrow. The sector is said to consolidate keeping the sell rating on the stock.

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