Analyze the relationship between 'Bouygues' and 'conglomerate' within the context of the input sentence.
Options: distribution format, industry, member of, business division

PARIS (Reuters) - French conglomerate Bouygues (BOUY.PA) raised its full-year core earnings and cost savings targets for its telecom business on Thursday as it posted a 51 percent rise in first-half group current operating profit.
industry