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The distribution subsidiary of EDF exchange boss

Friday Mar 12, 2010

Change at the top of ERDF, a subsidiary of EDF in charge of distribution. It Michèle Bellon, previously Director General of Dalkia – the joint venture with EDF and Veolia – who will succeed Michael Francony. An appointment will be approved at the supervisory board scheduled Tuesday, March 16. For Henri Proglio, the new chairman of EDF, distribution is a crucial topic. At the point of throwing a bomb in evoking the idea of separating employees common to EDF and GDF Suez in charge of this activity. "The teams ERDF complain of a lack of ambition and the sense of not really being part of the group. They also undergo feedback from customers regarding service quality deemed inadequate. Finally, teams must share sensitive business information with their main competitor, GDF Suez.On arrival, all this is very much ", said Henri Proglio earlier this year (read the Figaro, February 12). In other words, the roadmap looks Michèle Bellon particularly busy.

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Paris at its highest annual

Wednesday Dec 23, 2009

At approximately 9:10 am, the CAC 40 rose 0.32% to 3910 points, after already accumulated a gain of 2.70% since Monday. The index reached its previous meeting in the highest annual stood at 3918 points, while socializing with 3923 points.

The rally bullish year end is continuing on the European and U.S. indices. Yesterday, the publication of a further rise in housing resales (+7.4% in November) in the United States has reassured investors on the takeover of the U.S. real estate.This is the seventh month of increase over the past eight months.

On the macroeconomic front, the United States publish the expenditure and income of households in November at 14h30, the index of consumer confidence in Michigan in December and new home sales in November to 16 hours, and oil stocks weekly at 16:30.

Values follow

According to the newspaper Le Figaro, Veolia ally himself with the Italian railway company Trenitalia to launch TGV from France in 2012 to compete with the station.

The French government has selected BAE Systems to deliver an order of military vehicles in an amount of 246 million euros at the expense of Thales, according to The Times.

Maurel & Prom has announced the successful tests on the exploration well OMGW-1 (Gwedidi-1), located in Gabon, on the exploration permit Omoueyi.

The sales group Ares appears to 34.8 million euros over the first six months of fiscal 2009-2010.

Sanofi-Aventis would consider acquiring a stake in the Danish biotech company Zealand Pharma.

EDF could open the French market for electricity in Russia's Gazprom by Voices. "Gazprom will supply gas and electricity recovery in Europe," according to an anonymous source.


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Free elected fourth mobile operator

Saturday Dec 19, 2009

Orange, SFR and Bouygues Telecom will now share the telephony market with a fourth mobile operator. Free, a subsidiary of Iliad, has won the fourth license enforced through Arcep cons 240 million euros. Free file has been evaluated using several criteria, the most important being the "coherence and credibility of the project" and the "coverage territory", according to the release of the Regulatory Authority.In exchange, the news was very well received as evidenced by the share price Iliad, the parent of Freer, earning 3.38% to 83.49 euros.

"The arrival of this new actor should have a positive effect on the dynamic market of mobile telephony and, more generally, should be a positive factor for the development of electronic communications services," said the Authority has long criticized the lack of competition in mobile telephony.

Free operator had made known in 2003 by "breaking" the prices of holidays, being the first in France to offer a triple play (phone / internet / TV) for less than 30 euros, forcing competition to align its rates. A floor rate which was recently taken down by Numericable, then taken to account by the con own subsidiary of Iliad, Alice.

Free "undertake (…) to open its mobile network commercially within two years after the issuance of the permit and to cover the next eight years, at least 90% of the population by its 3G network." In other words, the subsidiary of Iliad should offer its new phone packages as early as January 2010, the official date of award of the license, and no later than early 2012.


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