Business World |

CEO of TF1, Nonce Paolini, on Tuesday morning could formalize its proposed application to the Higher Audiovisual Council to bring to its free streaming news channel, LCI. But even before this request may be made, TF1 is already under the spotlight.

The subsidiary of the Bouygues group has indeed provided a strong rebound in net income increased 60% in first half year on year, to 118.6 million euros. As for further cost reductions, the television group posted a net increase in operating income over one year, 78.6% to 186.5 million euros. The cost of the grid of the TF1 channel has in fact declined by 482.6 million euros to 423.6 million. Good performance hailed by investors since the title was climbing to 11 hours of 6.80% to 13.59 euros, the largest increase in the SBF 120.One of its main competitors, M6, which must also publish its results on Tuesday but after-hours trading, climbing from 0.77% to 15.74 euros. Meanwhile, the Cac 40 was down 0.57%.

This policy of cost reductions initiated since 2008 had been welcomed on Friday by the U.S. rating agency, Standard & Poor's, which had raised a notch note of the group, believing that these savings would result in a better rentatibilité. The TF1 group has recorded a marked improvement in its operating margin, which has doubled in a year to reach 18 cash advance in one hour.8%."These statistics confirm, quarter after quarter, the effectiveness of measures taken to change positively the economic model of the group" welcomed the television group, which has however avoided giving details of its profitability target medium term.

Lack of visibility

In contrast, sales of the TF1 Group, which owns the Eurosport channel, TMC or LCI, fell slightly from 0.5% to about 1.3 billion euros. "Unlike last year, TF1 did not broadcast major sporting events (like World Cup soccer)," the statement said. But the group is satisfied with a return to growth in advertising revenues in the second quarter (+0.7%) after a decline of 2.6% over the first three months of the year. Of all the activities, the advertising revenue shows an increase of 4.7% to 905.2 million euros."The group remains more than ever mobilized to consolidate its leading position in the field of information and entertainment on the TV market and / or free," says TF1.

This slight decline in sales, however, makes the television group cautious about the stability of the whole of 2011. It evokes a persistent lack of visibility on the changing conditions.

The 3700 points were in the viewfinder of investors in the Paris Stock Exchange on Wednesday. They were exceeded in the early exchanges. At the close, the CAC shows a new gain of 1.61% to 3754.60 points. Yesterday, the Paris VAIT has already managed to recover, ending on a rise of 1.21% to 3694 points.

Other major European markets advance in unison. The London Stock Exchange was also up, the stock exchanges of Madrid and Milan are the most active with gains of 3% each. In London, the FTSE-100 index gaining 1.1% to 5853.82 points in mid-session and featuring Dax index of the Frankfurt Stock Exchange advancing 0.40% to 7221.36 points.

Operators are encouraged by the good performance of U.S. markets, driven by advances in parliamentary negotiations in the United States for raising the ceiling on the debt.President Barack Obama for the first time reported "progress" in this debate, adding that the new Senate plan, presented Tuesday, was "consistent" in its approach. The Chairman stressed however that "not much time" before the deadline of August 2 to avoid a default. Wall Street was also reassured by good indicators of industrial performance and better than expected. Asian markets were also sending positive signals this morning.

Time, however, should still be prudent on the eve of a crucial European summit for the future of the euro area. The heads of state are to meet Thursday in Brussels to discuss the bailout of Greece. Several proposals for involving the private sector are on the table.

On the currency side, the euro rose slightly against the greenback at 1.4181 dollars against 1.4150 dollars late Tuesday.Oil is, him up: a barrel of "light sweet crude" for delivery in August takes 80 cents to 98.30 dollars and that of Brent North Sea crude for September delivery gained 69 cents to 117.75 dollars .

Values ​​to follow

Havas: + 1.88% to 3.46 euros

The advertising group has announced the acquisition of a majority stake in the Australian Host, the first independent agency of the country, for an undisclosed sum.

Saffron: + 3.25% to 28.60 euros

Tuesday the group received the green light from Washington for the purchase of American specialist of biometrics L-1 Identity Solutions. The agreement was announced last September for $ 1.1 billion in cash.

Edenred: -5.14% to 20.49 euros

The company specializes in prepaid service said Wednesday he was informed of an investment for 8% of its capital.Nearly 18 million shares have been placed Edenred Wednesday market at a price of 20.30 euros, a total of around 367 million euros, according to a source familiar with the matter said that the placement was the act of a U.S. institutional.According to a source market, it is South Eastern Asset Management.

Alstom: -1.30% to 37.95 euros

The group said Wednesday sales down 12% in the first quarter of fiscal year 2011-2012, to 4.5 billion euros, reflecting the "low level of orders registered during the crisis," but a sharp rebound its order intake over the same period (+44%).

Schneider Electric: + 1.52% to 106.70 euros

The group announced an extension until August 2 of its friendly takeover of two billion dollars (1.4 billion euros) on the Spanish Telvent, which it already owns to 19 July, before the closing date of the offer, 97% of the shares.

Laurent-Perrier: -1.15% to 97.75 euros

The group announced Wednesday an increase of 11.5% of its turnover in the first quarter thanks to a mix effect prices soaring and exports still strong.

Accor: + 3.03% to 30.40 euros

The group was optimistic Tuesday in announcing an acceleration of organic growth in the second quarter due to increased occupancy rates and the gradual recovery of prices.

ADP: + 1.12% to 61.38 euros

The group announced a 4.6% increase in passenger traffic at its airports in June, driven by growth across all trajectories with the exception of Africa and the Middle East.

PPR: + 0.98% to 128.75 euros

Fnac, a subsidiary of luxury group, unveiled Tuesday a five-year strategic plan, called "Fnac 2015", which should enable it to boost sales after a disappointing performance.

EADS: + 3.30% to 24.72 euros

Boeing, seeking to rescue a potentially very large contract with American Airlines, has offered to install a new engine on the current 737, while the airline is still considering a generous offer to Airbus. Moreover, the French military shipbuilder DCNS said Wednesday negotiate with the German Atlas Electronik the creation of a joint venture between their respective activities of underwater weapons, confirming a report in Les Echos.Atlas Elektronik is owned by EADS and ThyssenKrupp.

Biomerieux: -1.44% to 78.46 euros

The group announced the acquisition of French company Argene Molecular Biology and confirmed the objective of growth of its business year after an increase of 3.5% of its turnover in the first half of 2011.

Sanofi-Aventis: + 1.14% to 55.06 euros

The Canadian Valeant Pharmaceuticals announced yesterday the signing of an agreement to buy the French laboratory marketing rights and distribution in Canada of a cream against osteoarthritis.

Manitou: + 1.03% to 21.65 euros

The group raised its forecast Tuesday for 2011 after signing up 45% of its turnover in the first half despite the continuing difficulties of supply.

Always on the side of publications, after market, Unibail-Rodamco will present its second quarter results and Ubisoft announce its first quarter 2011-2012 revenues.

The Alibaba China could become a major player in the field of operating systems for mobile phones just as Android, IOS, or WP7. In fact, according to the Wall Street Journal, the Chinese e-commerce specialist, prepares to launch its own operating system (OS). But this new system has a particularity: it is based on the cloud, literally the "cloud computing". In other words, this new system will store the user data on remote servers. Such OS therefore requires a connection to broadband Internet in all circumstances.

This project should be launched in the third quarter of this year, said the American daily. Initially, the system should be accessible only to the Chinese market but "nothing says it will not be used elsewhere after," said a source familiar with the journal.

This launch marks another milestone for Alibaba, more used to make software and especially shopping sites online. Like him, more and more companies are trying to afford the lion's share in the growth market of smartphones. Another Chinese, Baidu, Google's competitor frontal China would launch its own OS for the Chinese market, based on the technology of Google Android. If these Chinese projects are completed, Apple, with its own system IOS, Microsoft Windows 7 Phone and Google, which has the Android operating system, could see their global market dominance eroded.

The battle between Casino and Carrefour in Brazil could rebound. While Carrefour is trying to get hold of a number of distribution Grupo Pao de Acucar in Brazil, Casino reported last night that it has increased its stake in the Brazilian group, owner of the sign Brazilian CBD. Casino now holds 43.1% of GPA, understands Bloomberg. The news agency pointed out that the distribution group based in Saint Etienne has acquired 16.1 million of preferred securities, representing a stake of 6.2%.

In addition, Casino last night reiterated his opposition to a merger between Carrefour and GPA. He believes that the proposed merger announced between the two groups is a project of "hostile", prepared in secret, but also highlights Casino that he "has the power to oppose" the operation.The group recalled and under agreements with Diniz family, with whom he has joint control of CBD through the holding Wilkes, "no negotiations involving the future (the Brazilian distributor) can not occur without it" no fax cash loans. The group will therefore Etienne "review in the coming days how to best defend the corporate interests of CBD and its shareholders that seems compromised by this project very complex and financial."

Data that could reshuffle the cards, while Carrefour seemed on track to merge with Brazilian teachers. The Brazilian company Gama has proposed to merge the Carrefour group's Brazilian assets with those of the French retailer CBD group Grupo Pão de Açúcar (GPA). They thus constitute an equally owned company.CBD had previously merged with Gama.

ALSO READ:

"Brazil is a paradise for hyper and supermarkets

"Battle between Casino and Carrefour in Brazil

The management consulting sector confirms its forecast of market recovery and expects growth of between 5 and 7% of its business for 2011 (against 5% in 2010). Despite satisfactory order books and a volume of proposals being important, firms remain cautious. "The general feeling is that it is always an accident thank you for coming all macroeconomic challenge," says the industry trade association, Syntec Management Consulting, which has today its 2010 balance sheet and persoectives .This visibility results found at least by hiring a reboot, including profiles of graduates.

Who benefits most from this recovery? "It's the mid-sized firms that have the highest growth rate at 7.5%, the majors and large are in turn slightly behind, with growth of around 4.5% 5%, "says Syntec management consulting. Another finding, "the speakers operating on more strategic tasks or missions branches record the strongest growth."

What are the sectors most applicants for management consulting? Financial services grew and consolidated their lead with 30% of the total, followed by industry (23%) or administration (15%).As for the energy sector and the environment they are placed fourth with 11% of the missions.

As for the interventions, they relate primarily to the organizational consulting and change management (30% market share). "These services are carried by the restart of delays in 2009 and the new transformation projects," said Syntec. The consulting cost optimization continues to be well positioned with 17% of operator actions.

ALSO READ:

"Jean-Paul Brette – Syntec Council Recruitment

"The shortage of young engineers is growing

A Godollo in Hungary, where met yesterday evening and until the European Ministers of Finance, there is no question that in Portugal. On the contrary. Already mentioned by several sources yesterday, the willingness of European central bankers to improve transparency in the markets for raw materials is returned to the forefront of discussions on Saturday. A question then became crucial that the European Commission has recently acknowledged a link between speculation in futures markets in commodities and rising prices in physical markets.

"The manipulation of market rates for raw materials is also relatively easy because these are rather small market, and often held by a small number of players" also explains Jean-Paul Pollin, a member of the Circle of economists to illustrate the abuses and monopolistic positions sometimes encountered in these markets and those of their derivatives.

Therefore, proposals are being studied at 27, to control the most price changes associated with these phenomena. Among them, the establishment of position limits, set by the stock market regulator, and determining the maximum number of option contracts held by an operator on a given value and the same direction (buy or sell).

Prevention of market abuse

The final text of the meeting Godollo is not yet known but according to Reuters, he would insist on the will of ministers gathered near Budapest to establish such type of action to "identify and prevent market abuse, particularly cross-market manipulation Same day payday loans. "

Limit the level of position would then reduce the "market makers", as defined by Christine Lagarde.The French Minister supported by his words, the will of France to make the fight against speculation over raw materials, one of the major challenges of the presidency of the G20 which runs until November 2011. "We need mechanisms to ensure proper regulation," stressed the minister. "The position limits would avoid that market makers do too important positions."

Working basis before the G20 in a week

Nevertheless, several steps remain to be taken.Before each national stock Constable imposes such limits under the auspices of ESMA (European Financial Markets Authority), Michel Barnier, Commissioner for Internal Market will include the first proposal in the revision of the Directive on Instruments Markets (MiFID) scheduled for July Each member country must then adopt it, and the European Parliament.

Nevertheless, progress made at European level in the direction of greater transparency in commodity markets, will enable France to have a basic working to convince world powers on this principle, one week before the G20 meeting in Washington April 15.

ALSO READ:

"Brussels recognizes the role of speculation on prices

"Financial markets: Brussels launches reform

Take action publicly traded group neither too small nor too large, but rather the media. Shake it skillfully through several transactions not too discreet. Let the rumor thrive … When the market this action starts to boil, enjoy.

This technique of "tea" – a form of manipulation, of course – may well be that the action was lively Euro Disney in recent weeks. In February, the stock suddenly more than doubled to more than 9 euros, in trading volumes amazing (up to 4 low fee cash advance.5% stake in one sitting). He still traded around 7.70 euros today.

The Autorité des marchés financiers (AMF) is conducting its investigation for several months. But according to our information, a track is preferred.That of a small company of algorithmic trading, based abroad, including the AMF has already crossed the name several times in similar surveys. The AMF is no comment.

PSA Peugeot Citroën expects disruptions in its production of diesel engines in Europe, following the supply disruption from one of its suppliers, single component concerned. Japanese Hitachi provides a part mounted on a flow meter integrated in all diesel engines manufactured by PSA in Europe. This part is manufactured in a factory in Japan. And it is in the area devastated by the earthquake of 11 March.

The impact was initially limited due to existing stocks faxless pay day loans. It is no longer possible. Thus, European production of diesel vehicles the group will be affected from Wednesday. The decrease will be between 0 and 60% depending on the site.

The manufacturer will focus on new models, Peugeot 508 and Citroën C4 and DS4, and successful models, Peugeot 3008 and 5008.The group hopes that the plant output from Hitachi will resume within a few days. Meanwhile, PSA will implement measures laid off.

After 47 days on strike, unprecedented in a company yet accustomed to the harsh social movements, sailors CGT, met Friday afternoon on the "Paglia Orba, voted to return to work by consensus. In the aftermath, both boats sailed Friday evening from Marseille and Bastia.

It took several general meetings to achieve the signing of a Memorandum of crisis. Because after such a strike, it is difficult to vote the recovery when the result is not up to expectations. The main demand, the maintenance of the fleet to ten ships, according to a promise made at the time of privatization, has not been obtained.

The movement was in fact party to the sale of a vessel due to the decrease in the number of rotations between Nice and Corsica.Even if the rotations were increased from Marseilles and no layoffs planned, the union saw the beginning of the dismantling of the company strengthened by the sale of the headquarters in Marseille!

The CGT, however, obtained a commitment from the state to retain its 25% stake at least until 2013, when the renewal by the territorial collectivity of Corsica of the Delegation of public service is awarded the SNCM with CMN.Veolia, the majority shareholder with 66%, for its part, "confirmed its willingness to support the SNCM, provided that the company quickly generate positive economic and business outlook."

Collapse of market share

The company, already suffering in recent years by fierce competition, out of this very weakened.

The strike has cost 15 million euros, excluding the shortfall of reservations that customers have been discouraged to do for the Easter holidays or next summer.

This comes even worse, since its privatization in 2006, the company has continued to lose ground. With a 9% drop in the number of passengers carried in 2010, its market share fell to 30%.It was 82% in 2000!

Accordingly, SNCM last year accused an operating loss of 15 million euros for a turnover of 285 million, down 12%. In 2009 already, only the sale of the shares in the capital the SNCM's SPC had allowed the balance.

Main responsible: the battering of Corsica Ferries, a French company whose ships fly the Italian flag (40% cheaper than the French flag which is liable SNCM) which greatly increased the supply of transport on the Island of Beauty breaking prices. A policy called the "social and fiscal dumping" by the CGT deplores a "perversion of public support."

Corsica enjoys because most of the "passenger welfare" granted by the CTC (19.5 million) along with subsidies in the context of the DSP (187 million in 2010 to SNCM and CMN).The system, called "perverse" by the regional chamber of accounts, must be overhauled.

ALSO READ:

"Ferries of SNCM still stranded at the dock

"Continuing to strike SNCM

Facebook brought down its competitors like flies. For a few months, Internet portals have resisted. But in May 2010, their audience in Europe has risen in turn behind the social networks in terms of time spent online. According to the latest annual report of the research institute dedicated to ComScore uses digital Europeans, ComScore Europe Digital Year in Review 2010, social networks now capture nearly a quarter of the time spent on the Web by the European Internet. Web portals, once the heart of the digital experience for consumers, less than 20% of the time. The fall is harder still for instant messaging, which had captured up to 39% of the time spent online by Internet choit European and 10%.

Turkey leads the world's most addicted

Social networks have become, after the online search, the most widely used in Europe with 84.4% of users. Up 10.9% year on year, the segment recorded in Europe, "the largest increase in all major regions of the world," says ComScore. In terms of penetration, North America and Latin America are ahead of Europe. In detail, Turkey tops the list of countries most addicted to social networks with 92.2% of Internet users. She is ahead of Poland (90.6%), the United Kingdom (87.9%) and Finland (86.5%). France, 80.6% penetration, is part of the bottom of the table, with Germany (79.4%), Switzerland (75.2%) and Austria (74.5%).

Unsurprisingly, Facebook is at the heart of this boom in online community, number one in 15 of 18 markets surveyed by the European Studies Institute."With 230 million unique users, Facebook is the third most popular site in Europe and far ahead of other media attention in the media consumers," ComScore analysis in its report. Champion Turkey, United Kingdom, Finland and Norway, Facebook must hand in dealing with local competitors in size in Poland, the Netherlands, Germany, where the market share of U.S. network is less than 60 %. In Russia, Facebook did, with 18.8% market share, even used as challenger to local actors as Vkontakte and Odnoklassniki. The latter is published by the group Mail.ru, a subsidiary of DST, the Russian shareholder funds of Facebook, Zynga and Groupon.

That ratings success was not lost on advertisers, who are increasing their investments on social networks.In France, the number of banner advertisements on social networks jumped 64% in 2010, says ComScore. In the UK, a leading advertising markets in Europe, they increased by 47% between 2009 and 2010. In Germany, they have more than doubled! Result: Social networks have played a role in the growth market for online display advertising (display). "While some advertisers are reluctant to invest in social networks due to low clickthrough rates, it is important to recognize that the banners have an impact on brand building," says ComScore.

In 2010, European Internet ignited for another emerging sector: the sites of discount coupons. The number of European surfers using one of these sites has exploded, rising 162% in December 2010 to 34.9 million unique visitors.Again, one actor seems to succeed at the game: in fact, the American Groupon, which bought several European competitors last year to develop, captures about 30% of this very young market. France is ahead in the latter, with 20.6% of Internet users who use these new forms of joint purchasing.