GDF Suez expects bumper profit

GDF Suez raised its earnings forecast for the year yesterday in light of its recent merger of international business with International Power, after reporting a forecast-beating €4.62bn (£3.96bn) net income. Its revenues rose 5.7 per cent to €84.5bn on higher energy tariffs in its native France. GDF said it plans to focus on emerging markets for long-term growth.