Posted by admin | Under economics, features, news, technology, world
Tuesday Jun 7, 2011
On Tuesday, a giant glass, Corning, and a French specialist in composite materials, Mersen, announce an alliance whose ambition is astonishing: the partners plan to revolutionize the manufacture of drugs. Corning has indeed used the properties of glass to develop a "reactor" to better control the manufacturing process of molecules for drug or fine chemicals.
Everything works, but to move to industrialization, it is necessary to use elements that exhaust heat very well. And this is where Mersen, specializing in composites. The agreement with the ex-Carbone Lorraine into that framework."The technology developed by Corning combined with our expertise in silicon carbide products represents a technological breakthrough for the pharmaceutical industry," said Luc Themelin, board member Mersen. The discussions lasted nearly a year and a final agreement covers the exclusive supply of ceramic microreactors Mersen in Corning.
This type of agreement is of particular interest Mersen. French society is indeed an OEM, by definition particularly vulnerable in its relations with its customers. To protect its margins, the group has developed a strong expertise in composite materials. It thus becomes an indispensable partner to its customers.
Using the special graphite, the group has made a remarkable breakthrough in the solar field. Five years ago, Mersenne was not present in this sector.This year, it should achieve 100 million euros of turnover short term personal loan.
Products manufactured in Tarbes
In the end, Mersen recorded 13% growth in its turnover last year to 741 million euros, an operating margin of 10.5%. And there are other sources of growth in the LED or the pharmacy, as evidenced by the agreement with Corning.
Today, there is no direct revenue associated with this contract. "Corning is currently negotiating with potential customers, mainly in Asia. We hope that the first contracts will be signed in September. To Mersenne, this means that the first revenues could arrive next year, "says Luc Themelin.
Corning's new product has many advantages over earlier technology: less investment, lower energy consumption and better control during manufacturing.The rise will take time, however, pharmaceutical companies not renewing their plants very often.
Mersen products related to this contract will be manufactured at a factory in Tarbes, which belonged to Boostec, bought by Mersenne in April 2010. Before the acquisition, the plant realized about seven million euros of turnover. "This contract would allow us to triple the revenues of the plant to the next three or four years, says Luc Themelin. Beyond that, we will make additional investments to increase capacity. "
ALSO READ:
"Mersen: rebound in activity in 2010
"The ISP is increasing in Mersen
Posted by admin | Under economics, international, news, opinions, top news
Thursday May 26, 2011
Rather used to host a Parisian clientele, Deauville sees scroll past few days of military weapon and police bulletproof vest. On the eve of the G8, the 26 and 27 May, which annually brings together leaders of the top eight economic powers, the seaside resort of Calvados now looks like a real fortress. It must be said that for this edition, no less than 25 nations-and-so many leaders will attend. Since that besides Barack Obama, Angela Merkel or Nicolas Sarkozy and their counterparts from seventeen countries in Africa and the Arab Spring were invited for the final day of the event. In total, therefore, more than 8000 officials, experts and journalists who invest the city, where, in normal times is less than half the souls.
For this event outside the norm, security officials have placed the city under very high protection.GIGN to the elite unit of the Raid, the platoon of gendarmes mountain through the Air Force … More than 12,000 policemen, gendarmes and military have already taken a position on the town and surrounding areas. An area called "sanctified," "blackout, except for heads of state and their delegations' officials said, has been delineated in the heart of the city. It includes facilities which will host the summit meetings, as well as hotels and Royal Normandy (with respectively four and five stars) that will host the heads of state. In addition, an area "safe" encompassing the town will be controlled by more than 5,700 police officers. Only able to move people, journalists and officials provided a special badge.
UAVs and air defense batteries deployed
But the device does not stop there.Two security perimeters, including Auberville (west station), Pont l'Eveque (south) and Villerville (east) were also established. This sector, under control of the gendarmerie, includes the airport of Deauville Saint Gatien will land where the majority of delegations. To this must be added a no-fly zone, monitored by "at least one drone and batteries of surface to air missiles, according to the Ministry of Interior. Sea side "of the warship, patrol boats and zodiacs of the police will be deployed.
The Department of the Interior, the device is deemed "suitable". "The terrorist threat level is important," argues Pierre-Henry Brandet, his spokesman, that evokes a "Vigipirate red" because of the Arab revolution.However, he claims not to have "particular concern" to the threats made consecutive to the West after the elimination of Osama bin Laden by Washington. However, he stated his concern to avoid any spillover of anti-G8 ", who come together for over a week to Caen and Le Havre.
CRS housed in University City
In total, the cost of operation vary between 16 and 20 million euros for the French state, according to Pierre-Henry Brandet. "Essentially, it involves building a media center, an SPV to issue badges, and accommodation of law enforcement," he recites. The spokesman, however, sees only a "modest summit." He stressed that "Deauville was chosen because there were already all on-site facilities, including an international center and a hotel offer abundant.In fact, if the budget allocated to the summit seems high, it remains well below those of previous similar events. For the record, the NATO summit held in Strasbourg in 2009, had cost 50 million euros. What had prompted the Court of Auditors, in December 2010, sounding the alarm in a report to Parliament.
Philippe Augier, Mayor of Deauville, on the other hand ensures that the state was more ants than usual. "I felt a real desire to limit its services to the bill," he says, recalling that his city has already hosted the G3 between France, Germany and Russia, in October the last year. Based on initial feedback on the spot, hard to prove him wrong. According to the website My Channel student companies of riot police mobilized to Brittany the opportunity to stay the university of Caen, sharing their dorm with … young anti-summit.The information website of the faculty lamented "a little friendly agreement" between the police and students. "Our presence may be considered provocative face protesting students may be against the G8," an irritated CRS, calling it somewhat "clumsy" choice of the authorities.
Posted by admin | Under international, money, news, people, world
Thursday Apr 21, 2011
Analysts had anticipated a pleasant surprise in the first quarter for Publicis. They were right. But they expected that the group displays a better advertising revenue. Publicis has posted organic growth of 6.5% in the first quarter to 1.286 billion euros, against a consensus of 6.7%.
An Unusually, this performance is due to the good performance of Latin America (organic growth up 8.7% in the first quarter), supported by Brazil (+20.1%), U.S. USA (+8.4%) and Europe (+6.2%) boosted by France (+8.2%). In contrast, the Asia-Pacific is growing only by 1.5% due to the earthquake in Japan and floods in Australia. China limits the damage with a growth of 8.2%. "Our exposure in Japan is low.The earthquake and tsunami that struck countries, such as the revolts that took place in the Middle East, will negatively impact any of our forecasts for 2011, "said Maurice Levy, Publicis chairman. The boss of the advertising group is also stayed very evasive on the subject, merely indicate that "a 5% growth in sales in 2011 would be a very conservative forecast."
"We outperform the market by 2011"
Thanks to the good performance of China, Brazil, but also Russia and India, growth in emerging countries amounted to 11.4% in the first quarter. Digital activities alone represent 28.2% of Group revenue (against 27% in 2010). "We do not show much innovation and therefore continue to invest in growth markets such as digital and emerging" quips Maurice Levy.Digital activities and represent emerging elsewhere 48.3% of Group revenue in the first quarter "in line with the group's objective is to achieve 65% of its income on these two segments," says he .
The advertising market, the subsidiary of Publicis, ZenithOptimedia, has yet reviewed this week down its forecast for investment growth in 2011 to 4.2% against 4.6% due to the disaster in Japan and uprisings in several countries Arab. But that does not diminish the confidence of Maurice Levy. "Advertisers have not stopped their campaign, assures the President of Publicis. We found no concern on their part. Their primary concern is the growth, not cost reduction. "
A trust that is found when talking about the second quarter. "The second quarter looks good.The year 2011 will be for its good or very good, "said President of Publicis. We outperform the market in 2011. Obviously, the soaring price of raw materials encourages companies to protect their margins. It may therefore be a risk cutoff of investment from advertisers. But the future is growth. "
Future and it is precisely at Publicis issue, that of Maurice Levy, whose mandate expires Dec. 31, 2011 will be extended. But the president still has not set a date or given any indication as to his successor. "My priority is Publicis. I will remain the necessary time. "
Posted by admin | Under features, finance, publications, resources, technology
Sunday Mar 27, 2011
In Paris, "a huge chunk of land is common property and land opportunities map does not exist," warns Michael Korsakoff, General Secretary of the Club property developers and land in Ile-de-France (CDIF). If the local development plan (PLU) gives clues to the land of gators, the mutation sites remains difficult to predict. So when a nugget of land is finally identified, "we all meet, as sponsors, on the same projects," says Veronica Guillemin, President of the CDIF. The bidding has become very difficult to measure … "In addition from 3000 € / m2 GFA (Gross Floor Area Net, that is to say actually building), the price of land flies. In a recent vast wastelands of Paris, in the heart of the new district of Batignolles (XVII), the City of Paris ceded the end of 2010 to Cogedim land to 3 800 € / m2 floor area.There are apartments sold off-plan more than 8000 € / m2. Their delivery is expected in 2012, this eco-neighborhood in saving energy. Some buildings will peak at 50 meters, 37 meters beyond the date authorized. The future high court will reach even 200 yards on the ground of a former station. Altitudes deemed inefficient, but that may be authorized by the latest changes in the local plan, currently subject to public inquiry.
In Paris, the property is seeking a future in height. Future but also social. In the eleventh, boulevard de Charonne, 8000 m2 of a former industrial site will give birth to 100 housing units in 2014. Meanwhile, in the thirteenth, a EcoZac flourish on the site of the former goods station at Rungis, which will combine offices, housing and social amenities.In the hunt to land, the BIA (concerted development zones) is cut, it will be understood, the lion's share. Social housing too. Yet in 2001, only the wide range of Paris left bank was a planning area. Teams of the Deputy Mayor of Paris responsible for Housing, Jean-Yves Mano, are on the lookout for the slightest bit. The intervention service division of the Directorate of Planning does not hesitate to preempt. "Provided that motivate the right of first refusal by a social housing project or general interest, it says there. In 2010, 11,831 declarations of intent to dispose (DIA) have been investigated. But only 2736 cases were studied with a magnifying glass, which led to 68 preemptions. "It is far less than in 2009 (93), and especially in 2008, where 146 pre-emptions had been decided …The City Council did, too, the cost of soaring prices, despite an annual budget of preemptions for 100 million euros. In the eighth, the response service to acquire land abandoned building, too expensive.
Paris could catch up by 2014 its backlog in social housing, with six years ahead of schedule. "10% of the space are changing urban Paris, Jean-Yves Mano evaluated. But a hundred other plots may be subject to negotiations, which we could consider 15,000 homes … "The City Council has established in recent years, the list of forty car repair garages … Rue de la Pompe in the sixteenth century, Renault has sold one at Sodearif, a subsidiary of Bouygues. Another avenue Mozart, should follow the same path … Each time, the City negotiates affordable housing, at least half of the program.Private developers and public donors, however, working in concert. Despite political tensions in the sixteenth century, several other sites, blocked for years by the use of residents, should result in parallel, such remedies being depleted low fee payday loans. In the key housing, particularly social services.
Committed to a policy of transfer tax, the state adds its contribution to the transformation of land in Paris. According to Jean-Martin Delorme at the regional and inter accommodation and housing (DRIHL), "in 2009, the state has allocated so that the land can be built 329 homes, including 194 social.In 2010, participation has increased, so that 1302 units are produced, of which 859 social. "In 2011, the state has spent on housing in Paris a bigger budget (100 million) for the regions and Rhone-Paca Alps combined.
Buildings over bus depots
Nothing would do but without the SNCF and RATP Réseau Ferré de France (RFF). Heritage Land SNCF? 156 hectares. That of RATP? 260 hectares. As to RFF, the second landowner in France with 103,000 hectares of land. "The RATP has today more than empty land," assures yet Rémi Feredj, director of space and heritage of the RATP, which helped in the 90s, building programs Montsouris, in the nineteenth, in the seventeenth and twentieth. And yet today, boulevard Jourdan, RATP still collaborates with the City of Paris for 200 housing units and 350 students.The buildings rise above a bus depot. Technical prowess. "Here in the twentieth, opposite our office, we will bury another repository, then build on top of offices, a school and a nursery," said Remi Feredj. RATP therefore maintains depots and workshops in Paris, but imagine a new land, while overlays and juxtapositions. Street Desnouettes (fifteenth arrondissement), 47 units will emerge behind a business unit of the metro line 12. According to a performance contract with the state, RFF is committed to mobilizing its land for 1.2 billion euros over five years between 2008 and 2012. Goal: Create 15,000 units in France. A private operator, Pitch Promotion, for example, already won in late 2010, a site RFF Street Castagnary (fifteenth arrondissement). Other rail sites could still mutate, in the twelfth, eighteenth, and nineteenth arrondissements.In all, "1 million square meters of floor area to fifteen years," we are assured at RFF. Meanwhile, in the nineteenth century, a new station-Gospel Aeolus will come with the added bonus of 27,000 m2 of offices and 1000 m2 of shops.
Meanwhile, to release more land more quickly, experts, to the State, reflect on fiscal measures. They are looking to reverse the plan capital gains and taxing landholders refusing to sell them. Tax on undeveloped land is not very effective. "We could consider increasing the property tax on developable land," suggested Poirot Pascale, president of the National Union of developers developers (Snal). Some suggest a tax on the minimum density.More iconoclastic imagine "to add another floor to Paris buildings, because very sparsely protected," recalls Henry Buzy-Cazaux, honorary president of the Institute of Management of real estate services.
The city of Haussmann has long obeyed an ideal city less dense, difficult to reconcile with the height of land planners in the twenty-first century. "You could also consider a rationalization of action, often abusive, hampering construction projects", he explains. An idea that engages players from all sides of the ruthless world of land development.
Posted by admin | Under economics, life, news, opinions, publications
Friday Mar 25, 2011
Europe is thought to enjoy the Brussels summit to finally turn the page of the debt crisis. But the Portuguese came psychodrama shake the building patiently put up for weeks by asking for a bailout forced march.
The pressure is growing on Lisbon and the Europeans will now cast messages without ambiguity. "We have the ability to help Portugal if we demand," said Thursday the Swedish Prime Minister Fredrik Reinfeldt. EU summit should also help expose the full range of response from the anti-crisis unveiled earlier this month, since the funds to rescue deal for the euro through the strengthening of economic cooperation.
The resignation of Prime Minister of Portugal on Wednesday night, has changed the program.The country's economic situation is so precarious that it will probably aid amounted to 75 billion euros. "If Portugal had never seek European support this size seems appropriate," says the boss of the Eurogroup Jean-Claude Juncker. By contrast, Greece has received 110 billion euros, and Ireland 85 billion.
Threatened by a new recession, Lisbon facing the distrust of markets with borrowing rates to 10 years beyond 7% over a month. Thursday Fitch downgraded two notches its sovereign rating because of "increased risks" facing the country's financing capacity.The situation becomes untenable with the approach of the two bond issues planned for April and June, more than 9 billion euros in total.
Constitutional deadlock
"We are obviously ready to step in and help, but it must first request of Portugal," insists the Belgian Finance Minister Didier Reynders.
That's where the rub: Jose Socrates is a headwind against the idea of an international aid plan. Thursday in Lisbon, the spokesman of the government resigned hammered it "will continue to fight with all his might against the possibility of recourse to outside help." The electoral ambitions that keeps the prime minister did little to encourage reverse itself before its European partners. Especially it must be renewed this weekend at the head of the Socialist Party.
In this political agenda plus a legal headache for last minute very embarrassing for Brussels.The Portuguese Constitution would prevent a government in current affairs to engage his country on the path to a bailout. "The situation is institutionally blocked," sighs a diplomatic source.
Meanwhile, markets are losing patience. Early elections will not be held before end of May. Wait two months might give free rein to investor panic, with a key to the soaring rates, a heavier bill for the rescue, and increasing doubts about the future of the euro area. This is the scenario that the Europeans wanted to avoid the danger of reviving the plans after Greek and Irish. For the 27, we must find a loophole out of this unexpected situation. And reassurance in the meantime, the Lisbon commitments.
Posted by admin | Under events, features, opinions, resources, top news
Thursday Feb 24, 2011
Life insurance is not a matter of responsible adults. Young people and kids can also have one. Some grandparents have indeed chosen to open for them contracts to give them a financial boost. To help your grandchildren during your lifetime, to acquire a house for example, you can purchase a contract (called intergenerational), designed to facilitate donations.
Its principle is simple: you give money to your grandchild (up to € 31,395 every six years), with the obligation to reinvest in a life insurance contract. Here, and it's a big difference, the policyholder is other than your grand-son (daughter), even if minor. His parents then take care of all formalities.
To secure your donation, you can write, preferably with the help of a notary public, "Deputy pact" which will include a specified date of availability of savings (at 18 years of your grandchild, at the end of high school, etc..) and / or use of funds (for a house purchase for example). This method has the advantage of being "visible", so to avoid conflicts at the time of succession. And it can also take time "tax" because when the contract will be eight years, he will receive reduced taxation.
Another solution: make your beneficiaries
Purchase a single contract for the benefit her grandchildren is the easiest way to show generosity. You save at your pace and have at any time of your savings. You also know that capital is available on your contract will be forwarded without fees, outside succession (art.L 132-13 of the Insurance Code, available on the website governmental law publishing Legifrance. This applies if the amount does not exceed 152,500 Euro per beneficiary (for payments after 70 years, the deduction is limited to 30,500 euros per beneficiary). But, and this is the main problem with this formula, you are not comfortable when the money will be used, because the savings will be passed to your death.
Be careful also not to injure your heirs (children, etc..) So that the premiums are not considered excessive and reinstated, therefore, in your estate.
ALSO READ:
"Snatching: can we be compensated?
"Life: What if you were a beneficiary?
"Home insurance: what is retooling to nine?
"Moving the steering wheel to his children: yes, but …
Posted by admin | Under economic, events, life, money, special
Tuesday Feb 1, 2011
While the military is responsible for overseeing the anti-Mubarak revolt that has killed at least 125 dead and thousands injured for almost a week, several French companies in Egypt have decided to repatriate some or all their expatriates and their families.
In a statement, Lafarge has announced "the return of a dozen expatriates based in Cairo and their families, totaling one hundred people." The cement has to in the Egyptian capital of a regional hub covering Africa and the Middle East, which employs 70 expatriates and their families, about 200 people.The repatriation "for less than half of expatriates in Cairo Lafarge and a very small proportion of Lafarge management in Egypt," emphasizes the group that says that this decision has no impact on its activities in the country .
This decision is "temporary" said Lafarge. She is "taken out of caution, by attention to families and to reflect the international nature of some activities based in Cairo." Lafarge makes a little over 25% of its net sales in the Middle East and Africa.In exchange, investors have punished the group's exposure to the Tunisian and Egyptian revolts: the title fell to 48.29 euros on January 26 to 44 euros, a loss of nearly 9% in two sessions.
France Telecom and Credit Agricole
For France Telecom, which has 26 million customers in Egypt through its subsidiary Mobinil, the repatriation of expatriate employees began Sunday morning on a voluntary basis. The group's spokesman said France Telecom had many employees in Egypt, but only twenty expatriates, counting their families.
For its part, Credit Agricole announced the evacuation of expatriate families in Egypt. The bank said that a plane has been "specially chartered to repatriate families temporarily. In contrast, the ten expatriates that make up the group in Egypt "wanted to stay behind to run the bank.""We take no risks and monitor the situation closely," added the spokesperson for the group.
States rush planes
States also are beginning to evacuate their nationals best payday advance. After only advised against travel to Egypt, several governments have decided to charter aircraft for repatriation of their citizens. The United States, Australia and Japan are preparing for Monday, mimicking Saudi Arabia, Libya, Lebanon, India, Greece, Turkey, Canada, Iraq and Azerbaijan.
Japanese carmaker Nissan has also announced it was suspending its production in Egypt for at least a week. The group has a small production unit in the country at Giza (south of Cairo), where he assembled last year around 10,000 vehicles and 4X4 trucks.Toyota announced his compatriot cancel all business trips of its employees in Egypt, until further notice, but do not stop producing approximately 3000 vehicles on site 4X4 each year from 2012.
Russian groups also perform the repatriation of their nationals. The oil company Lukoil has evacuated fifteen expatriates and their families Sunday and gas producer Novatek plans to organize the evacuation of its employees on Monday.
Tour operators orchestrate the ballet returns
As for tour operators, they organize the early return of their customers. Gathered for emergency talks on Sunday afternoon, the Association of Tour Operators (Ceto) decided to suspend all departures to Egypt until Thursday, Feb. 3 included.
Particularly vulnerable to disturbances in Egypt, Club Med falling stock market: the title lost 4.29% to 16.75 euros on a market down by 0.22%.
Approximately 10,000 French residents in Egypt and, according to the Quai d'Orsay, "several tens of thousands of French tourists" could now be on site.
ALSO READ:
"The departures of tourists to Egypt suspended
"In Cairo, the streets trying to join army
Why the Egyptian revolt that shook the markets
"Egypt, an economy with feet of clay
In Pictures – Another day of anger in Egypt
"INTERVIEW – Egypt and Tunisia:" Facebook does not create the flame "
Posted by admin | Under business, economy, life, opinions, publications
Tuesday Jan 18, 2011
The schedule is tight: a report from the Audit Office in late February 2011 on the comparison of German and French tax systems, a discussion in Parliament, then the presentation of a text by the Cabinet in late April as just announce the budget minister Baroin. The bill will ultimately be reviewed by Parliament in June.
On Tuesday, the budget minister will meet for the first time some twenty parliamentary deputies and senators of the majority, to explore different avenues to reform the taxation of wealth. They include Michel Piron, a supporter of the abolition of the solidarity tax on wealth, Herve Mariton who is critical of the lack of performance of the ISF, but also Yves Censi, or Senator Marie-Helene of Esgaulx wishing to address the estate tax.Budget Minister Baroin will also hold a conference in early March on the same theme.
Predicted demise of the shield and ISF
The guideline has been hammered repeatedly by the president who made this issue one of its priorities for 2011. "I will remove the tax shield, I'll delete the ISF," said Nicolas Sarkozy was in November 2010.
Delicate exercise, both fiscally and politically, the more it will cost the state nothing. Christine Lagarde, economy minister reaffirmed last week, the reform should be done at zero cost, not to weigh on public accounts. " However, a complete removal of the double shield and ISF would cost the state: it spends 700 million euros for the first, second, it reported $ 3.9 billion.So 3.2 billion should be offset by new revenue from Bercy. Even if takes the voices dissonant are heard to say that the total loss will be lower.
LAI alleviated
If removing the tax cap which limits all direct taxes to 50% of income of the taxpayer, appears gained for electoral reasons, the ISF could instead be retained, but undergo transformations. Last November, the budget minister has raised the possibility of raising the ceiling for tax on capital. "You have more than half of people subject to the ISF, which are only due to the changing world of real estate. If you change the edge and you spend 790,000 euros (Editor's note: threshold current TFR) to 1.2 or 1.3 million for the ticket, you remove 250,000 to 300,000 subject to the ISF, he said.This measure would in effect remove the first installment of the tax.
Another track, always linked to the main residence, is evoked: the exemption of the property within the limit from 400,000 to 500,000 euros, and a continuation of taxation beyond that value no fax needed payday loans. The proposal made by the UMP Gilles Carrez states that taxed goods will continue to benefit from the 30% reduction in force since 2007.
Tax the capital gains
To offset the possible reduction in the base of the ISF, a new tax on real estate are considered. "What we retired to a place, you must have it back to another", explained recently Baroin on France Inter.
Nicolas Sarkozy last week said he was "logical" to tax unearned income than to tax the ownership of assets.The government therefore would reflect a tax affecting capital gains realized on the sale of a principal residence. Currently, the French with a marked increase in value when selling their principal residence are not taxed on that gain. The taxation of capital gains on investments such as stocks, life insurance or the book A is also under consideration. "We say end of February which tracks we depart," said this morning the Minister of Budget.
Movement of the plane larger than expected
Baroin also announced that the movement of the plane on tax loopholes will be greater than expected next year. After an initial reduction of 9.5 billion euros this year, so they will be cut by 3 billion in 2012 to meet commitments to reduce deficits, while the budget adopted in December called for a reduction of2, 1 billion euros.In late September, the government had announced with a plane extra 3 billion per year in 2013 and 2014."We have I think three years of fiscal crisis to manage, we have three years of saving, master," said Budget Minister.
ALSO READ:
"The owners at center of debate on the TFR
"A tax on the sale of a principal residence in the study
"Taxation of heritage: the puzzle budget
"Sarkozy wants to abolish the wealth tax and the tax shield
"Baroin:" It will not affect the taxes "
»INFO ON DEMAND – Taxation German inspiration for Sarkozy
"SAVINGS, REAL ESTATE taxation: what is changing in 2011
"The real numbers of the abolition of the ISF
"The owners at center of debate on the TFR
"What changes to your taxes next year
"Taxation of heritage: the puzzle budget
Posted by admin | Under business, economic, finance, people, resources
Monday Nov 15, 2010
EDF did better than expected. The electrician has published a turnover up 9.5% to 52.9 billion euros during the first nine months of 2010. The analysts were not as high as they expected a sales increase of 8% to 52 billion euros.
Sales of the electrician were mainly supported by the acquisitions made in 2009, including that of the Belgian electricity provider SPE and the redemption of the nuclear activities of Constellation Energy. "The first nine months of 2010 have been particularly marked by higher electricity sales volumes and prices overall declining trend internationally," says management.
Sales figures carried by the exchange
The activity is also progressing with a favorable currency impact, due to the depreciation of the euro in a year, the company said.In fact, at constant scope and exchange rates, growth in turnover of the group amounted to only 3.8% payday loans. During the first nine months 2010, EDF has made 51% of its turnover outside France.
With these figures on business, the group confirmed its earnings targets for the whole year. EDF seeks organic growth of its gross operating income of between 3% and 5%. As for the dividend, it expects stability. The electrician said that the target ratio of net debt / EBITDA ratio is now close to 2.5 and EDF welcomes this ratio comes out as "an enhanced level compared to the original target of between 2.5 and 3.
Management expects for 2010 now also on an availability rate of its nuclear plants in France – critical to its profitability – close to 78.5%.In late July, EDF said it was an availability rate of between 78.5% and 79.5% for the full year.
Posted by admin | Under economics, international, life, resources, world
Wednesday Oct 13, 2010
Caution before Fed. That is the watchword now become usual before each meeting of the U.S. central bank. At the close, the CAC 40 was down 0.52% at 3748.86 points, managing to save 3750 points. On Monday in a meeting once again very volatile, the index in Paris ended on a slight rise, as Wall Street a few hours later.
On Wall Street, the trend is to wait too. around 17:30, the Dow Jones lost 0.24% and dropped below the 11,000 points. In fact, investors are not taking a position before the famous conclusions to be made this evening by the U.S. central bank – the Fed – on the economic recovery overseas. Verdict, about 20 hours.
On the currency markets, the dollar regained some ground on the euro in favor of buybacks on the cheap, investors essentially assuming that the greenback's decline has been too strong lately.At 17:30, the single currency fell by 0.28% to 1.3840 dollar.
EADS 'top CAC 40
EADS posted the largest increases in the CAC 40: +1.67% to 18.31 euros, in favor of some soft euro. Please note that Emirates expects to have 120 Airbus A380 when a new airport space has been opened in Dubai. Michelin rose 2.95%, 2.07% Accor and STMicro of 1.69%.
The banking sector remained in the red, while large U.S. banks are preparing to submit their quarterly results this week. JP Morgan Chase will be the first Wednesday.Societe Generale dropped 0.19%, BNP Paribas 0.36%.
Alstom: -1.71% to 35.85 euros
After that Eurostar has chosen Siemens to the detriment of Alstom for the construction of its trains, the president of Alstom, Patrick Kron, said Le Figaro would consider "legal aspects" of this choice cash advance payday loan.
Areva: -0.57% to 313.40 euros
Areva continues its withdrawal from the OEM aerospace and defense Saffron by selling up to 3.65% of its capital, which he will hold no more than 1.99% after the operation, according to a statement released Tuesday.
GDF Suez: -2.06% to 26.62 euros
GDF Suez said yesterday it issued bonds to maturity of 7 and 12 years for a total of 2 billion euros.This operation aims to redeem other bonds previously issued, which will expire between 2012 and 2014.
Vinci: -1.04% to 38.03 euros
Vinci win the shipyard building the future of Manchester stadium, according to Christian Estrosi, Industry Minister and Mayor of the City. The project represents an estimated 245 million euros, according to the mayor of Nice. The final decision will be made on December 10. Bouygues and Carl are also candidates for this achievement.
Dexia: -2.73% to 3.27 euros
Postal and bank restructuring program was the presentation of strategic Dexia on Tuesday.The Franco-Belgian bank targets a taxable income of approximately EUR 1.8 billion in 2014 and has announced plans to increase to 60% from commercial banking and retail banking revenues in 2014 against 36% in 2007.
Ipsen: -1.16% to 24.71 euros
Ipsen has announced the departure of its CEO Jean-Luc Bélingard and substituting Marc de Garidel.
Rodriguez: +7% to 5.35 euros
Eric Saintdo, 46, was appointed October 7, 2010, Board Member and Director General of Rodriguez Group.