For these burgundy, rush upon the opening, even earlier if possible, because deals are going fast! As prices are ultra competitive, especially this year, the first buyers of Bordeaux, the catering professionals, are in their starting blocks.The shops are often open evenings, are you invite! The best way to go on the shelves the day before and discuss with the department manager. A simple phone call to the store is often very effective.

As the maroon represent more or less half of the supply of wine fairs, each company seeks to differentiate itself from other regions. A special effort was made this year on the Rhone, the second region of France of quality wines. The focus should be the 2007 vintage in Bordeaux poor, but very successful in the Rhone.Find a good Burgundy is always difficult, because the region is small, but some retailers have managed to build a genuine partnership with great producers.

Last but not least, do not go to wine fairs shrinking violet! Carefully prepare your shot and go straight to the point, because otherwise you will never find the coveted bottles. In all the signs, the best deals are in cold areas, those that are immune to the first sight.Happy hunting!

Dates of wine fairs
• Crossroads of September 7 to 18
• Casino September 7 to 18
• Giant of 7 to 18 September
• Lavinia September 7 to October 6
• Intermarche of 8 to 18 September
• Monoprix from September 8 to 19
• Franprix from September 9 to 19
• Auchan September 14 to October 2
• Leclerc from September 22
Système U • September 28 to October 10
• Carrefour Market from September 29 to October 9

Websites
• Savour Club () August 20 to September 22

• ChateauOnline 31 August to 4 October

• Wine and Co from September 1 to October 3

• Vinothek Bordeaux from September 3 to 27

• From 1855 to September 6

• Jean Merlaut 15 September to 15 October

Alone, Total, BNP Paribas and France Telecom accounts for one third of total profits. Total remaining the most profitable company in France (by far) Continue along the road and with an increase in profits by 28.1% in the first half of 2010 versus the first half of 2009.Other companies that have successfully managed the first half of the year, L'Oreal and LVMH, the luxury market is still juicy, Sanofi-Aventis and Capgemini, who continue their acquisition strategy.

As for companies, an impressive set of interim results announcements is scheduled on Tuesday.

Carrefour and Ipsen does not convince the financial markets

Shortly after the opening of the Paris Bourse, no CAC 40 company to remain constant rise. Among the largest declines in the place was cyclical stocks. First, the bank stocks. Societe Generale lost 2.20% and 39.30 euros, Dexia was down 2.17% to 3.25 euros, BNP Paribas gives up 1.98% to 48.15 euros and Credit Agricole shows a net decline of 1.82% 10 euros.

Then, the values automobiles.Peugeot lost 2.32% to 20.40 euros and Renault yield 1.99% to 31.47 euros.

Carrefour is also on the top of the table, with a decline of 1.69% to 35.50 euros, despite a net profit of 67 million euros against a loss of 48 million last year.

The decline was more limited pourEurazeo, which is ironed into the green with a net profit of 88.5 million euros against a loss of 120.9 million, a year ago. The shares lost 0.62% to 46.70 euros.

Hermes (-0.54% to 146.15 euros) a net profit up 55.2% to 194.6 million euros.

Ipsen (-3.06% to 27.07 euros) publishes an annual turnover up 6.3% to 553.9 million euros and earnings down 23.5% to 75.5 million Euro No faxing payday loan.

Iliad (2.23% to 71.05 euros), parent company of ISP Free and Alice, shows an increase of 138% of its net profit to 171.4 million euros. Finally, the group

Aeroports de Paris (-1.34% to 53.79 euros), manager of platforms Roissy and Orly airports, reported a net profit increase of 8.2% to 137.7 million euros and turnover of 1.3 billion euros (+2.5%).

Havas, Bouygues, Vinci and Eiffage publish after-hours trade.

Statistics expected

The meeting promises to be just as busy on the macroeconomic front. For the eurozone, the unemployment figures for July and inflation for the month of August (11:00).

In France, sales of new homes rose 7.6% in the second quarter over a year, while housing starts rose 0.2% and building permits by 31.4% between May and July 2010 , announced the Department of Ecology. The corporate failures for the month of March and agricultural prices in July will be released by INSEE 12:00.

In Germany, a single indicator of importance: the number of unemployed in August (10:00). In the U.S., house prices (15 hours), economic activity in the Chicago area (to 1545) and consumer confidence in August (16 hours) are also scheduled.

On the currency markets, the euro continued to lose ground against the yen (-0.52% to 106.56 yen) and against the dollar (-0.13% to 1.2649 dollar) to 7.45.

The shares of exporting firms are saddled the once heavily penalized by a strong yen and concerns about the U.S. economy.Sony so on, we let go of 1.19%, and Canon was able to take 0.66% after losing almost 4% in session.

The dollar was worth only 85.30 to 85.40 yen Wednesday in mid-session in Asia, a level at which it was not down for eight months and is lower than that on which important Nippon groups have based their forecast revenues and profits.

In terms of company announcements, the Japanese manufacturer of motorcycles and marine equipment Yamaha Motor sharply raised its forecast Wednesday for the annual results, having exceeded its goals in the first half of calendar year, helped by sales of mopeds in Asia. Yamaha now expects an annual turnover of 1.3 trillion yen (1.25 trillion previously expected cons), an increase of 12.7% over one year.It now expects an operating profit of 45 billion annually (instead of 10) and expects to complete the year with a net profit of 25 billion so he could just see the balance.

Ambiance less bearish in the rest of Asia

In Hong Kong, even, the Hang Seng returned to the equilibrium toward 7:00 and stood at 21,455.8 points. In Shanghai, the MIC 30 fold from 0.54% to 2850.5 points. In Sydney, the S & P / ASX was down 0.64% to 4545.2 points.

Oil prices fell Wednesday in Asia, while remaining above 82 dollars a barrel. In morning trading, a barrel of light sweet crude for delivery in September yielded 14 cents to 82.41 dollars a barrel.

Net income from Lafarge withdrew its side of 29% to 233 million euros. The current operating margin shows finally a decrease of 30 basis points to 13.9%.

In the second quarter alone, sales rose 2% to 4.436 billion euros but, at constant perimeter and constant exchange rates, sales rose 2%. The operating income increased 5% to 836 million euros.It is stable at constant exchange rates and constant perimeter.

New measures to reduce debt

Brunot Lafont, CEO of Lafarge, said in a statement that "the pace of economic recovery remains uncertain and highly variable from one country to another," led the group to adjust its market forecast for the year 2010. Lafarge table so now on a variation of the demand for cement between -1 and +3% on the year compared to 2009 (against 0% to 5% expected in late March).

The band announced further steps to reduce its debt amounting to 15.16 billion euros (down 1% in the first half). Thus, it will "limit its investments in 2011 to 1 billion euros" and sets "a new goal of structural cost reductions of more than 200 million euros."

On the foreign exchange market, the euro is strengthening its progress against the dollar Friday on funding fears of slowing economic recovery in the United States. In the morning, the euro was at 1.2975 dollars against 1.2941 dollars the previous day. He subsequently crossed the threshold of $ 1.30. A first for over two months.

On the side of values, the Internet giant Google has released the Thursday after the close a net result up 24.3% in the second quarter to 1.840 billion dollars for the second quarter on a turnover of 6 8 billion dollars (24%). The action yields 5.37% to 467.70 dollars.

The BP oil company, also traded on Wall Street, said Thursday at the very end of the meeting that spillage of oil had been observed after complete blockage of the wells caused the oil spill in the Gulf of Mexico Bad Credit Payday Advance. However, the title gives 2.49% to 37.95 dollars.

Always on the side of values, the investment bank Goldman Sachs said Thursday after agreeing to pay closing $ 550 million of Ammende (425 million) to end the accusations of fraud regarding the marketing of a product derived from subprime mortgages. It is the largest penalty ever paid to the stock exchange authority, the Securities and Exchange Commission, in a Wall Street firm and the third highest all U.S. companies combined. Investors seem relieved. the title is 2.81% to 149.26 dollars.

Apple has invited journalists to a press conference this Friday, then multiply that rumors of a possible recall of four new iPhones, including an antenna problem has been confirmed by an influential magazine. title wins 0.55% to 252.83 dollars.

The banks should also react Friday to the adoption yesterday by the senate of the reform on Wall Street. Besides the publication of their results. Bank of Amercia plsu yield of 6% to 14.42 dollars and 3.58% Citi 4.01 dollras.

The general and regional councils also have used the gun tax. But it was not enough, especially for departments. For the latter, the surplus between income and expenditure has shrunk by 17.8% in 2009. For social spending soared 5.3%.The crisis has pushed the bill of RSA and the aging of the population that of personal autonomy allowance (APA). The elected county expect a similar drift in 2010, "For some departments, the budget balance is very fragile," concludes the report.

Reduced investment

However, in 2011, the constraints will become even stronger. The funds that the departments, but also municipalities and regions, receiving state, which represent nearly 30% of their income, will no longer increase. This was decided by the government. Moreover, the reform of business tax will reshuffle the cards in local taxation. The communes and intercommunal retain a large basket of tax which they may determine the rate.The departments themselves, will not play on the property tax and regions on the gray card No fax cash advances. A situation that worries the county and regional elected and pushes them to invest less.

In 2010, capital spending will drop the first 2.2% and 3.4% of the latter, according to the report. Spared, the mayors expect an increase of 4.5%. "But eventually, the municipalities will be affected because they receive subsidies from the regions and departments," warns Philip Lawrence, in right-wing President of the Finance Committee of the Association of Mayors of France (AMF).

What are the solutions? The local financial professionals, such as UMP or Marc Gilles Carrez Laffineur propose to increase the redistribution between rich and poor communities.Another avenue: better management of intercommunal. For staff costs have mostly slipped to this level (they will grow 8% in 2010). The groups of municipalities have produced savings but duplicates! The government, he promised a reform of the APA to relieve the departments and the establishment of ad hoc aid. "But for now, we are expectant. If nothing happens, we will introduce a bill that will force the state to finally make up our social spending, "said Claudy Lebreton, President PS Assembly departments of France. Meanwhile, between votes and budgets insincere appeal to the courts, the climate remains tense between elected officials and county government.

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LE FIGARO. – You transfer some of your activities in Great Britain. Would you withdraw from the country?

Henri de Castries. – No, no way. It is not out of the United Kingdom but we concentrate, as in our other markets, segments on the most strategic and fastest growing.Therefore we give only a part of our life insurance in Britain: the activities of traditional life insurance, as we had also stopped developing in 2002 because they no longer matched the expectations of our customers while being highly capital consuming. However, we maintain a portfolio of more modern products, whose growth prospects seem high and where margins are more consistent with the group average which is between 15% and 20%. Moreover, the operation does not damage insurance, or health.With this transaction for 2.75 billion pounds (3.3 billion euros), we derive the capital that we can redeploy where customer needs are the greatest.

Is this a turning point in your strategy? And should we expect AXA on acquisitions in emerging markets?

The crisis has caused a market decline and a new distribution of growth areas. It has not changed the major principles of our strategy, instead. We'll continue developing our core businesses for damages, life insurance, asset management through organic growth and, opportunistically, through acquisitions. The developed markets still have good growth prospects, even if only from the effect of demographic changes, but we work in parallel on an allocation of our resources to emerging countries in Asia, of course, but not only.There are actually three other major areas of expansion: the Central and Eastern Europe, the Mediterranean area and Latin America. In Asia, growth is actually attractive. But the modalities of development of foreign players are still complex, especially in China and India. So do not confine our ambitions to these two major markets.

In Asia, the failure of the attempted takeover by Prudential AIA offers does it generate new opportunities?

Prudential was willing to put a price on the table that seemed very exaggerated. Our priority in Asia today is to conclude the transaction on Axa Asia Pacific. Then we'll see …

In Europe, the prudential rules could push banks to divest their insurance subsidiaries. Axa is he interested?

We observe closely what is happening.But no movement of magnitude is possible – for Axa as with all other major players – as we are not clear about what will be the regulation of the bank and the insurance. Then we will examine the opportunities. But I prefer to say at the outset that we, the insurers will not be easy these suppliers of capital as some might hope. We are ready to balanced partnerships with banks. But the distribution network – in this case banking – should not count on us to collect commissions unreasonable.

What about your thoughts on the construction of a new business plan?

It is actually an ongoing process, but we do actually re-adjustment of our business plan in light of the crisis, which has changed the level of our market and changed their dynamics.The result of our thoughts on our new objectives will be known early next year.

How do you rate prudential reforms as they prepare?

Insurers who had managed to remain faithful to their trades have weathered to the crisis. No European player has needed to raise capital. We agree with the economic approach to Solvency II proposes that risk, but be careful to calibrate as insurers meet an essential mission: they are long term investors, thus stabilizing the natural system. Nobody has an interest in an excess of zeal on the part of the prudential regulator activity handicap players like us. Therefore, the new standards should not result in additional capital needs. More broadly, these reforms raise a fundamental question: Europeans' appetite for risk.This is a new phase of debate on the precautionary principle: there is too much caution can be harmful. In this case, it can cause no growth. It must strike the right balance.

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The wait should also dominate this session before the release of highly anticipated monthly report on U.S. employment, which will be published early this afternoon. Yesterday, the markets have had a foretaste of what awaited the publication of a fall, slightly above expectations ds, the weekly number of new unemployed (453,000).The firm ADP, meanwhile, announced that the private sector was announced in May its fourth consecutive month of net job creation (55 000). Despite these figures, the head of the U.S. Federal Reserve (Fed), Ben Bernanke, said he still worried about the employment situation overseas. An hour after the publication of the report, the Fed chairman Atlanta, Dennis Lockhart will speak on the economic outlook and the banking environment.

Note that the second estimate of euro area GDP in the first quarter will be unveiled in the morning.

Thales observed by Christian Estrosi

In an interview with Les Echos published Thursday, Industry Minister Christian Estrosi, spoke in favor of a rapprochement between the players of the electronics and embedded software as those of Thales No teletrek payday advance.

The Strategic Investment Fund (ISF) is mounted in the capital of CGG Veritas up to a little over 170 million euros, or 6% of capital.

France Telecom said Thursday it had abandoned its proposed merger with its Swiss subsidiary Sunrise, a subsidiary of TDC, but did not specify its intentions for other building projects in the country.

Airbus, EADS subsidiary, has registered 73 net orders from January to May, but still lagging behind U.S. rival Boeing, which has registered 111, according to the trade balance of the two aircraft manufacturers.

BPCE, parent company of Natixis, formalized the merger Thursday holdings of shares of Banques Populaires and Caisses d'Epargne.

BNP Paribas, Fortis bought at the height of the financial crisis, announced Thursday an agreement in principle to merge its Turkish subsidiary with that of the Belgian bank.

National Australia Bank has found three candidates may be interested in acquiring a platform investment Axa Asia-Pacific by Australian newspaper on Friday.

Atos Origin has tabled an offer for the resumption of WorldPay, a subsidiary of Royal Bank of Scotland, according to sources familiar with the matter.

Jean-Louis Beffa, the chairman of Saint Gobain, has formalized his departure at the annual general meeting Thursday. His successor, Pierre-Andre de Chalendar confirmed its objective of a rebound results in 2010 and said to expect solid growth in operating income in the first half, compared to the same period last year.