Posts Tagged ‘financing’

The Paris Bourse remains in positive territory

July 28, 2010 - 4:04 pm Comments Off

Bank stocks they reach to support the rating for a third consecutive session on the Paris Stock Exchange? It is certainly a good start for. The CAC 40, which began sitting on a small rise of 0.39% to 3680.60 points, is already supported by industry: Societe Generale (3.55%), BNP Paribas (3.02%) and Credit Agricole (2.82%) took the top spot.

Marcoéconomique side, the Paris markets react to the employment figures fell after the stock market yesterday. After a bad month in May, June is a very moderate decline in the number of job seekers registered at employment center Class A (2,691,000 in metropolitan France, down 0.3%).

In addition, other indicators are expected: durable goods orders in the U.S. in early afternoon and the conclusions of the Fed's Beige Book in the evening.

But it was the avalanche of publications that draws attention:

Saffron (4.90% to 21.19 euros) has announced its first-half adjusted net income rose 8% to 223 million euros, above the consensus. The turnover amounted to 5.19 billion euros. The group plans for the rest of the income year similar to those of 2009.

Rexel (3.47% to 12.95 euros) has announced a turnover up 2.4% to 5.7 billion euros in the first half. The company expects a slight growth in sales on a comparable basis and constant number of days over the year and EBITA margin of an adjusted 4.5%.

ArcelorMittal (-1.78% to 24.28 euros) has reported net earnings of 1.70 billion dollar in the second quarter, well above the 1.16 billion expected by the markets. In contrast, the turnover of 21.65 billion, below the 23.1 billion expected.

Nexans (-2.70% to 54.50 euros) has reported a net loss after minority interests of 17 million euros for a turnover of 2.1 billion euros in the first half of 2010 (-5.3% in organic). The group, which says its target operating margin of 4% over the period, expects improved sales in the second half and a return to net profit.

Atos Origin (1.34% to 34.01 euros) announced Wednesday for its first half operating margin above expectations of 150 million euros, with a rate of 6% against 4.6% a year earlier. The focus group confirmed a slight decrease in organic turnover in 2010, but less marked than the 3.7% decline in 2009.

Bull (-15.93% to 2.48 euro) recorded a first half net loss of 18.4 million euros, against a net profit of two million euros a year ago.While it expects operating profit of between 35 and 40 million euros in fiscal 2010, he now sets out "a minimum of 30 million euros."

PSA Peugeot Citroen (-2.37% to 24.28 euros) Wednesday said profit from operations $ 1.137 billion in the first half against a loss of 826 million a year earlier. Net income group share of 680 milllion euros against a loss of 962 million. The manufacturer anticipates an operating profit of around 1.5 billion euros.

The announcement could also be reacted rival Renault (1.24% to 35.24 euros).Also in the automotive sector, Valeo (5.02% to 27.20 euros) a statement Tuesday its margin target in 2010 after a first half marked by a return to net income and a continued recovery in automobile production despite end of car scrapping.

EDF Energies Nouvelles (-0.20% to 32.65 euros) Wednesday reported an Ebitda up 15.2% to 168.9 million euros in the first half, below market expectations. The sales were meanwhile up 28.1% in the first half, to 545 million euros.

PagesJaunes (-1.70% to 9.07 euros) has reported a turnover down 3.5% to 542.3 million euros in the first half, below the 545 million expected.The publisher of printed directories expects a drop in revenues of 1% to 3% this year and confirms its margin target of between 510 and 530 million euros in 2010.

EDF and Areva: Following the serial

EDF (1.46% to 32.71 euros) and Areva (-0.57% to 338.05 euros) shall enter into a strategic partnership agreement covering all their areas of common interest in the Nuclear, said Tuesday the Elysee. The possibility of a stake in the capital of EDF, Areva will be considered in the context of this agreement.

LVMH (2.45% to 94.52 euros) Tuesday reported a strong rebound in sales and profitability in the first half, driven by the performance of Louis Vuitton.

Vinci (+1.66% at 38.31 euros) has returned to growth in the first half thanks to the first effects of the acquisition of Cegelec.The turnover of the first half came out up 1.8% on an actual structure, to 15.4 billion euros.

Air France-KLM (4.29% to 11.43 euros) on Tuesday confirmed the target return to balance its operational activity in 2010-2011 but remains cautious about the economic developments in the second half.

M6 (0.59% to 17.76 Euros) Tuesday posted first half results exceeded expectations, including increases of 9.4% of consolidated sales and 7.4% of advertising revenue M6, 12% in the second quarter alone. In an interview with Le Figaro, Nicolas de Tavernost, chief executive, hailed "a relevant model in crisis and recovery."

Crédit Mutuel-CIC announced Tuesday a partnership with Banque Casino, to acquire 50% stake in the subsidiary from the distributor.

Compagnie des Alpes (-1.96% to 20.51 euros) warned Tuesday that its sales in the theme parks is projected to decline in 2009-2010. The total turnover decreased by 7.9% in the third quarter, to 120.7 million euros.

Spir Communication (1.22% to 16.60 euros) again suffered in the first half with a decline in its turnover from 10% to 280.7 million euros.

LVMH Sephora offers a Brazilian company

July 2, 2010 - 2:04 pm Comments Off

Brazilian acquisition for LVMH. The French luxury group said on Friday taking a controlling stake of 70% in Sack's, the leader in sales of perfumes and cosmetics on the Internet and a leading distributor of beauty products in Brazil. No amount has been disclosed about the investment.

This acquisition will enable the world's leading luxury brand Sephora develop the Brazilian market, first in line and in stores, the company said in a statement.

Sack's, founded in 2000 and based in Rio de Janeiro, sells over 270 brands and over 83,000 customers in its database. The site for online sale is one of the three most visited sites in Brazil, with 4 million unique visitors per month. Brazil and beyond, the South American markets are extremely holders for the sale of luxury goods.

The Paris Bourse is expected to consolidate

June 5, 2010 - 12:28 pm Comments Off

A meeting of consolidation looms on the Paris Bourse. After Thursday's rebound, which helped win 40 auCAC 1.59%, investors should take advantage of this last day of the week to lift the foot. In any case, the path that has been selected by U.S. operators yesterday. The Dow Jones, which had won 2.25% Wednesday, finished the balance 0.06% Thursday. This morning, their counterparts in Asia have followed suit. Thus, the Japanese Nikkei remained in balance throughout the session while the rest of the financial centers of the region declined slightly.

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.

Financial assistance of 750 billion euros

May 10, 2010 - 11:11 pm Comments Off

Click on the thumbnail to enlarge the graphic

Wall Street awaited the green

March 29, 2010 - 10:57 pm Comments Off

The index futures are predicting a slightly higher opening of U.S. markets. Shortly before the opening of Wall Street, futures on indices Standard & Poor's 500 and 10.8501961,50 points.

The U.S. markets have ended on a stable note Friday. The Dow Jones gained 0.08% to 10850, 36 and the Nasdaq 100 0.18% to 1952.63. The values of consumer durables and clothing and basic materials have gained ground. Conversely, those software and services and facilities and health services have been abused.

For U.S. investors await today in early afternoon revenues and expenditures of households for the month of February.

But the main highlight of the week on the macroeconomic level is expected Friday with the release of monthly statistics of unemployment in the United States.But U.S. markets will be closed as usual April 2 for the Friday that precedes Easter. Investors can therefore respond to the employment figures as the following week. They should focus their attention until the "Leading indicators of employment 'perception of the labor market by households, with the Conference Board survey from Tuesday, then the number of ADP private practice Wednesday. According to the makers of "Aurel BGC, the consensus of economists expect a sharp rebound in job creation."But, "this movement is partly technical, related to the reintegration of people who temporarily lost their jobs because of weather conditions in February …" add the specialists Aurel BGC.

Other key indicators of the week will be Tuesday house prices and an estimate of consumer confidence, Wednesday the index of activity in the Chicago area and the numbers of orders in February. Thursday last week's meeting, the market will focus on the ISM index of manufacturing activity and construction spending in March.

On the currency markets, the euro continued to recover against the greenback after the announcement last Thursday of an agreement between the countries of the eurozone to help Greece with the participation of the IMF.The euro was trading above $ 1.34 in the morning.

The values listed, Chinese, Geely signed Sunday an agreement with Ford on the acquisition of Volvo cars. The sale had been expected for several weeks, the Geely group wishing to build a Volvo plant in Beijing for its domestic market. Ford said the transaction was $ 1.8 billion and would be finalized during the third quarter.By selling Volvo, bought 6.45 billion dollars in 1999, and Ford sells the latest brand of upscale pole he had wanted to be and which also included Aston Martin, Jaguar and Land Rover.

According to the Sunday Telegraph newspaper, Verizon Communications, the second mobile operator in the United States, is in talks to merge with Vodafone.

Companies are also starting to communicate on the cost of health reform. AT & T announced a provision of 1 billion, Caterpillar announced a 100 million dollars and Deere & Co, an extraordinary expense of 150 million. The impact of this legislation on corporate performance is difficult to estimate the short term. The new law eliminates many tax deductions that companies used to reduce health costs for retirees.

SNCF: traffic estimates for strike

March 24, 2010 - 7:49 am Comments Off

Tough day in prospect on Tuesday for users of the station. The strike, announced in early March, began on Monday to 20 hours and causing disruptions throughout France. Traffic forecasts for Paris and its suburbs show a movement of 65% of TGV, from 35% to 75% of ESTs, 50% for Transilien, and 50 to 60% for Corals. Southern Railroad said that the railway traffic will be "virtually nil" on the region of Paris-Est.

For international TGV (Eurostar, Thalys, Lyria, Aleo), traffic is normal.

Moreover, disturbances depend on actions by the five trade union confederations (CGT, CFDT, FSU, UNSA and Solidaires) who called officials and employees to strike. Four of them (UNSA, CGT, Sud, CFDT) actually filed notice of strike for the day.

"These trades meet, region by region, the levels set by the Act of August 21, 2007 on social dialogue and continuity of public services in the transportation of passengers, for his part said the SNCF. The latter recalls that "every note outlines the valid period will be used in any train traveling on that day, but can not guarantee seating. Travelers preferring to cancel a trip involving a train reservation for this period may do so without charge at the counter.

3 metros of 4

For its part, the RATP, three metros of 4 circulating in Paris early Tuesday morning, and 90% of buses and trams, 95% of RER A, but only a RER B to 2, according to a spokesman for the RATP.For the RER B, the interconnection Gare du Nord station with the suspended cash advance no fax .

From one point of movement performed at 6:15, "traffic is almost normal" on the Paris metro network, "with 3 to 4 metros," said the spokesman, noting that "the line is the most impacted line 10, with 2 to 3 metros.

On the RER "zone RATP", "traffic is almost normal on the RER A, with 95% of trains insured, while for the RER B" train runs of 2, with interconnecting suspended at the station North, "the source said.

Finally, "the traffic of buses and trams is about right, 90% confidence," he added.

Back to normal scheduled at 8 pm Wednesday

Traffic should return to normal for all trains on Wednesday at 8 o'clock.Meanwhile, the station offers two websites (www.sncf.com for all trades and forecasts for www.abcdtrains.com Transilien per station) and hotlines (0805 90 36 35 for Main Lines and TER and 0805 700 805 for Transilien) for more information.

A radio also updates every 15 minutes in traffic (Radio station to listen from the SNCF Direct application on smartphone and on all station websites).

To recall, the unions called the strike to demand "concrete answers" on employment, purchasing power, pensions and working conditions. Workers Power (FP) refers to the scroll and employees to strike to defend pensions.

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Wall Street ends slightly higher

March 19, 2010 - 5:02 am Comments Off

A sitting flat on the U.S. markets. At the close on Friday, the Dow is 0.42% at 10,779 points, the Nasdaq 0.09% nibbles at 2391 points. Only the S & P appears in a small decrease from 0.03% to 1166 points. After six consecutive sessions already in the green, investors take a break. Yesterday, U.S. markets had ended on a new annual record, always comforted by the status quo monetary decided by the Fed, and the reassurance of the U.S. central bank on the health of the economy.

Aujourd'ui, markets are stabilized by the publication of indicators broadly in line with their expectations:

– The consumer prices they have remained stable in February from the previous month, while analysts believed that there had been an inflation of 0.1%. In one year, they rose 2.1% in February when the consensus gave up 2.3%.These prices "still did not really threaten the prospect of a policy of low rates by the Fed," noted analysts at Charles Schwab.

– Registration for weekly unemployment benefits: they fell for the third straight week in the United States with the deposit of 457,000 benefit claims in the week ended March 13. This is slightly above that expected by analysts (consensus 455,000).

– Current accounts: the U.S. deficit widened in the fourth quarter to reach 115.6 billion dollars, according to figures released Thursday by the Commerce Department. It is equivalent to 2.9% of GDP in 2009 against 4.9% of GDP in 2008.

– The composite index of economic activity: the index is supposed to herald the changing economic conditions six months ahead, slowed his rise in February, rising by 0.1%.The increase for the eleventh consecutive month, is in line with analysts' expectations. The index had already slowed in January, with 0.3% increase.

– The index of manufacturing activity in the Philadelphia region has increased by 2.3 percentage points from the previous month to $ 18.9, while analysts were waiting to 18 points. This figure reflects the fact that manufacturing in this region have seen their business grow for the seventh consecutive month, and faster than the previous month. Philadelphia is one of the first cities in the United States and one of the largest industrial centers of the country till payday cash advance .

Renewed concerns about Greece, which has sealed the morale of the European investors did not appear to influence the Americans.Tensions have been rising on Thursday about financial aid in Athens, who now wants an agreement by European leaders next week, despite misgivings German, otherwise turn to the IMF.

On the currency markets, the euro fell 0.88% to 1.3615 dollar. Oil, meanwhile, ended down 73 cents at 82.20 dollars a barrel.

Nike back to growth

On the side of values, the number one sports equipment, Nike announced after the close of Wall Street yesterday, a return to growth in sales and profits. In the third quarter of its fiscal year ended in late February), Nike has made a net profit of 496 million dollars against 244 million a year earlier on the same period. A few months before the World Cup 2010, its backlog has already greatly improved and the group expects a continuation of this trend.The sporting goods company is the star of Wall Street with higher shares of 4.92% to 74.37 dollars.

China has ordered its airlines to conduct checks of their Boeing 737 after a similar decision of U.S. authorities. The decision of the Administration of Civil Aviation of China (CAAC), which covers 400 aircraft, follows concerns about possible security problems related to a component in the tail of the aircraft. The Boeing climbed 1.66% to 70.53 dollars.

FedEx (-2.36% to 91.92 dollars) announced before market quarterly net income more than doubled to 239 million, above expectations and raised its annual forecast.Revenues also exceeded expectations, up 7% to 8.70 billion, while analysts had expected 8.37 billion dollars.

Google (+0.13% to 566.27 U.S. dollars) is currently working with Intel and Sony to develop a new generation of televisions and decoders for access to the Internet, according to an article in the New York Times.

Electronic Arts (2.81% to 18.65 dollars) will launch the final version of his golf game online Tiger Woods at the back of the champion on the greens next month, its chairman announced Wednesday.

Asian stock markets as

February 12, 2010 - 5:20 am Comments Off

While the Tokyo Stock Exchange is closed on Wednesday because the National Foundation Day, most Asian stock markets continued in the green Wednesday: Hong Kong gained 1.36% at 20,192 points, Taiwan rose 1.10% in 7441 points, Seoul ahead of 1.93% to 3385 points, India climbed 1.25% to 16,120 points and finally Singapore up 0.58% at 2,750 points.

Crude prices were up Thursday in electronic trading in Asia enjoying a decline in the dollar market awaits the release of weekly oil stocks in the United States, dealers said payday advances . Age is also cited by 30% of private sector employees and the physical appearance by 28% (multiple answers were possible). Ethnicity happens however much in mind as trigger by witnesses of discrimination (38%), before motherhood (33%).

If the company management is most often due to private sector employees, victims of discrimination, in general, are silent on their fate in business. 40% of them claim to have in effect said nothing when 50% of victims by public officers have spoken with their management or their supervisor. For more than half of those who are silent, signaling the injustice they have suffered would not have changed.

The French loan to a decline in retirement age

January 11, 2010 - 12:50 am Comments Off

The French do they realize the inevitability of the efforts to achieve a satisfying retirement? This suggests that a poll published Sunday in the JDD. According to this consultation Ifop *, breaking with previous surveys on the subject, 41% of respondents said they were ready to contribute more to retire as soon as possible. The average age of starting accepted amounted to almost 62 years, one third of respondents saying the same for departure between 65 and 69 years. A first. Because of this development, the level of concern by the amount of future pensions continues to grow, 76% of respondents reported little confident, against 61% a little over a year.

If the French are therefore more willing to make sacrifices, they do show, however, little lenient with successive governments.They are in fact 40% believed that the pension system has not really been up to this reform, while 48% believe that those assets have gone done the wrong way.

An instructive survey, a few months of a new launching system. The Head of State has chosen last year to advance the timing of the pension reform from 2012 to 2010. If the CGT said the current system "viable", the secretary general of the CFDT Fran?ois Ch?r?que decides in contrast to the introduction of a points system, more personalized than the current system, as was done in Sweden. For now, the government appears not convinced, saying the country had recently suspended the system. If considering a reduction of the legal age of retirement now set at 60 years, a dues increase does not seem so far not in the agenda.

* Conducted the 7 and 8 January on a sample of 1019 persons, representative of the French population aged 18 and older, including 522 active. Quota method. The interviews were conducted by telephone at residence of respondents.