With a shortage of organic wines, only a few snipers are emerging as Rebourcet Aude, engineer and winemaker agro Franprix: "It has been several years that I track and I put them in value, like young winemakers elsewhere.Results of this long-term, the company offers a beautiful range of organic designations in some run, so the wines at reasonable prices.

Prizes! That is the watchword of wine fairs, their only real competitive advantage, but a trump card that takes on even more importance in times of crisis. All the signs highlight: "Half of the wines at low prices and 200 good shots below 5 euros" for Carrefour, "70% of wines sold at less than 8 euros" for Géant Casino, which still leaves champagne, sparkling wines, natural sweet wines and great statistics to make the most beautiful bride.

As every year, wine fairs begin very early, in late August for more agile, on 7 or 8 September for the most part. Only Leclerc, who launched the concept of wine fairs in 1973, is a follower of late start, Sept. 22 to be exact.The brand leader in wine fair opportunity to test some innovations, such as screw caps on five wines, the BIB (Bag-in-box three liters), which is a first, and also five certified organic wines .

While diversification efforts are important, the great Bordeaux are the main attraction of wine fairs no fax payday loan. William Halley, both the owner of Chateau La Dauphine Fronsac and Carrefour Market Caudéran near Bordeaux, one of the finest wineries in France, says, "The Bordeaux 2008 offer one of the best value for money for a long time 2007 and many are sold at cost. "

Faced with the incredible rise of Bordeaux 2009, which are also far from being sold, prices are particularly attractive large 2008.Many signs, such as Auchan, offer superb raw classified thirty euros, it is important not to miss. It is even great Sauternes 2007, a vintage largely up to the 2009, which have often increased by over 50%. The wine fairs in 2010 are an opportunity, perhaps the ultimate, to populate their cellar with vintage Bordeaux, which will delight the table during the next twenty years.

Faced with the constraint "large quantities and good prices, which greatly limits the choice, supermarkets gradually loosened the shackles limiting the famous" national offers "implied wines available at all stores, in favor of a regional offer more and more complete. This strategy has a double advantage.It allows one hand to distribute wines available in smaller quantities, limiting them to certain areas, thereby loosening the constraints of volume.

The regional supply also has the effect of flattering the customer by offering a wider range of wines from his region. Admittedly, this offer violates the basic rule of retailing is to offer the same products in all stores. But given the relative lack of large units for sale at the periphery in favor of the stores downtown, wine fairs beyond any logic. Moreover, contrary to all predictions of doom, wine fairs are worn as a charm.

The staff of GDF Suez will thus receive 1.1% stake in Arcelor. Turnout was highest in France, Belgium, Italy and Germany.Outside Europe, Brazil, Chile, Argentina and the United States recorded the most sales Payday Loan for Bad Credit.

The employees of GDF Suez could buy shares at a discount of 20% over the past 20 trading days. Is 19.78 euros per share. The firm abounded these subscriptions, offering titles such as 10 to 10 purchased, subscribed for 50 or 20. Employees could also prefer to invest with no discount, but with a guarantee on invested capital (and insurance to recover at least their implementation) and performance-indexed monthly changes in stock price. Both formulas have been as successful as the other one.

"ALSO READ:

"Employee ownership resists rather well to the crisis

"GDF Suez preparing a bid for International Power

"GDF renegotiate the price of gas

Matthew Grouès – We are clearly overweight on European equities for the simple reason that we believe that growth prospects are not worst four months ago. The markets have overshadowed the recent economic statistics suggest, however, believe a sharp upturn in Europe in the second quarter.

For a month and a half, markets follow a path contrary to that they should follow since the last published indicators: the series of nine sessions up in mid-June was made with deceptive statistics, particularly retail sales and the U.S. real estate.Unlike the sharp drop in early June took place in spite of very good publications on the ISM manufacturing and job creation. But it is true that today it is mostly good statistics that go unnoticed. It's a classic situation in the tops of cycles, markets do not allow the bad news and low cycles, they close their eyes to the good news. The crisis of 2008 is still in the minds of investors.

So much so that markets fear a simultaneous "double dip" (recession followed by recovery and then a new relapse, Ed) and a return of inflation. What is unthinkable. This proves that markets are in crisis of confidence and they evolve in a logical flow sellers rather than a fundamental logic. And to overcome this crisis of confidence will take time.

But the crisis of confidence in the euro area it is not it paradoxically favor?

It is true that mistrust vis-a-vis the euro favorable to European companies. The decline of the euro offset the restrictions inherent in the plans rigor. All countries in the euro area will clearly not accommodated in the same boat. So, for those who have taken a severe restrictive measures such as Spain or Greece, the balance will be negative. But for others, the impact on growth will be close to zero. It seems that the markets have rediscovered that the euro is a currency like any other. It's a currency shared by several countries. This inevitably creates a certain fragility and justifies a risk premium.

So you are betting that the European companies will catch up on U.S. companies?

Absolutely.European companies have to suffer the restrictions imposed by states, compensated as I said the decline of the euro. In contrast, the U.S. will be doubly penalized: first, that says depreciation of the euro said dollar, so a handicap to competitiveness for U.S. companies. On the other hand, said that restrictive measures in Europe, said reduced demand from Europe.

It is true that the shares are not expensive in all markets, but if U.S. stocks were gaining 10% to 20% in the twelve or eighteen months, the increase should be between 20% and 30% for European equities. Europe contrary to what they say is absolutely no more defensive than the United States. The proof of this statistic: Since 1996, the EuroStoxx amplified movements of the S & P 500 twelve years in fourteen.And two years where the reverse happened, it was during changeovers cycle.

According to a study OpinionWay, 50% French do not have stock and have never held. Furthermore, 66% of them justify their choice by the risk profile of the action. In other words, they are afraid of losing money. What do you think?

I understand their weariness regarding the volatility of financial markets and they prefer to invest in money market products they do not risk losing money even if they do not relate. Incidentally, this is symptomatic of the mindset of investors. There is such excitement in the markets that investors prefer not to lose money rather than win. But they must understand that the only time they have an interest in shares, it is precisely when everyone else shuns.Focusing on the assessment that the actions have on others is not the best indicator.

Also, do not overestimate the impact of financial markets on the real economy, and thus justify the real evolution of financial markets. It is often said that markets anticipate a six to nine months ahead of the changing economy. But this is not always true. The evidence: In 2009, the savings came out much faster from the recession that markets had expected.

I know this may seem surprising but it is precisely now that they must invest in risky assets.In addition to actions, we are positive on the credit for the economic recovery remains favorable and the spacing recent spreads (spread between a corporate bond and government bond, Ed) be reversed.

Five months ago, you bet on an ACC 40-4600 points by the end of the year. This bet is it still relevant?

I think for this year will be a bit complicated. However, I would very surprised if it does not exceed 4000 points. The current level of ACC 40 is not consistent with the economic situation is relatively good: it would be justified if we knew another recession within one year, but I think absolutely not.

Macroeconomic reasoning to 12-18 months also clearly suggests that markets are highly appreciated.Whenever Will it materialize? Hard to say! The market movements often snap on a "spark" a good economic figures, redemptions of "shorts" (the investor buys back the shares it had sold short, Ed), publication of results, etc. . The question is what will this time that "spark" and when it will happen.

If the proponents of the law on Sunday working wish thereby enable businesses to increase their turnover, Bertrand Delanoe, who has appointed a group of elected officials from all sides Parisian floor several months on the question, do not hear it that way. "There is neither need nor necessity or emergency, or a shared desire for such an extension, in essence considers the mayor of Paris, which the Constitutional Council in August 2009 gave the opportunity to rule, like all other mayors on this issue.

Criminalization of local business

No economic utility, first.If the opening of shops for tourists is indeed likely, as the mayor of Paris, to generate additional profit, opening their destination of Parisians could produce a windfall, which will penalize businesses not open . But seven tourist areas already enjoy an exemption allowing them to open on Sundays. A figure well enough for the mayor of Paris, who feared penalize shops.

"Most major retailers have an interest in the Sunday opening, but on the side of all shops and facilities nearby, it is fear which prevails, says Jacques Bravo, mayor of the 9th arrondissement. "If you open Sunday we will be forced to follow and if we follow, we run the risk of dying," they proclaim in substance.

Working conditions deteriorated

An analysis which added two concerns on the part of the City Hall of Paris: the deteriorating working conditions of employees, mostly women, working in the sector, and of promoting a model of society based on consumption only. Bertrand Delanoë should not give the green light Monday to the extension of Sunday trading.

Even the perimeter comprising Boulevard Haussmann, Galeries Lafayette and Printemps, should not be eligible for an exemption. Even as the opening of these stores, very attractive to tourists would have had conceded the mayor of Paris, economic relevance. This should give way to the chagrin of the Chamber of Commerce and Industry of Paris and the department stores, including the desire to grant to residents of the 9th arrondissement a period of serenity one day a week.

Friday night, European markets have all fallen sharply after the announcement until the closing. In Paris the CAC 40 tumbled 1.94%, to finish the session under the 4,000 points to exactly 3 986.63 points.

On Monday, in the early exchanges, the flagship index evolves Paris were down 0.62% at 3961 points, settling in the 4000 points.

To follow Monday

No statistically significant anticipated this Monday in France and Europe. In contrast, the United States, the composite indicator of economic activity in March, released at 16 hours, will be closely watched.Side companies, Halliburton, IBM and Citigroup will publish their results in the first three months of the year. Three large trucks, respectively, in the petroleum, computers and banks, also highly regarded by investors.

This morning, were published sales for the first quarter of the group in communication consulting, Havas, and the automotive supplier Faurecia.

For the first (0.15%, to 3.91 euros), the activity was recorded up 1.4% thanks to a positive economic downturn in North America and Latin America.

The second (4.07%, 16.63 euros) cleared the first three months of the year a turnover of 3.2 billion euros, an increase of almost 60% over first quarter of 2009.Faurecia raised its growth forecast twice yearly.

Soitec publish its activity shifted after-hours trade (turnover in the fourth quarter) online cash advance. The securities were down 0.54%, to 11 euros.

A cloud supervised

The cloud of ash gives a halt to the aviation sector. The first estimate "conservative" established by the International Air Transport Association reported a cost of around 150 million euros per day for the sector.

According to analysts, it is difficult to quantify the losses of the airlines. But the flights accumulated losses – 63,000 this weekend as estiamtions – and the consequences concern.

To follow on Monday sector values, such as Air France-KLM (-6.3%, to 11.65 euros) in France, Lufthansa, Alitalia, British Airways, etc..

In addition, the fund took Qatari Diar 5% stake in leading environmental Veolia Environment (-1.67%, EUR 25), commits and industrial cooperation. With the participation of around 650 million euros, Qatari Diar is the fifth shareholder of Veolia. He will get a seat on the board of directors and will maintain its securities for three years.

Renault (-0.17%, to 34.4 euros) has decided to withdraw from the joint venture created to commercialize the vehicle low cost "Logan", and is considering launching a new range.

Side car, the first quarter was finished in beauty for vehicle sales in Europe. : 11.1% in March."The French are among the big winners" of the market upturn, according to Natixis Securities, while BMW continues its leadership against Daimler.

Credit Agricole (-1.55%, to 13 euros) and his Chinese counterpart Citic will enter into exclusive negotiations to create a global platform, including Cheuvreux and his nugget Asia, CLSA.

The British (-17.3%), Spaniards (10%) and Americans (10%) were abandoned by France, who still remains the premier tourist destination.

The balance of payments deteriorated sector. Indeed, if the parties are less French tourists, foreigners have spent less. The surplus thus fell to 7.4 billion in 2009, against 8.5 billion a year earlier and 12.8 billion in 2007 loan payday instant.

The balance of payments deteriorated sector.Indeed, if the parties are less French tourists, foreigners have spent less. The surplus thus fell to 7.4 billion in 2009, against 8.5 billion a year earlier and 12.8 billion in 2007.

The hotel industry has suffered a decline in attendance of 4.9% in 2009 with a decline of 11% just for foreign customers.

The situation was particularly bad in the overseas territories: the attendance of the hotel fell 19.4%. A severe decline that experts say the crisis, but also by the general strike occurred in the Caribbean.

Before launching this initiative, Jean-Francois Cope has met on Friday, members of the committee that prepared the 2008 reform of public television.This work had led to the passing of the Act of March 2009 confirming the decision of publicity after 20 hours on France Televisions in January 2009 and provides fully stopped in late 2011 after the passage of any television digital.

"On Friday, the committee welcomed the strong record of reform. On Wednesday, the consensus is that advertising is kept during the day on France Televisions for we have achieved a satisfactory balance for both viewers who appreciate the stop advertising after 20 hours and for public finances, "explains Jean-Francois Cope. How to reverse the legislation? "I had the intuition to propose a clause in the law revoyure to the point before the end of 2011 to initiate the complete removal of advertising," he says."In the legislative framework for co, we will propose a bill to keep the advertisement before 20 hours. This project could be voted on before the end of 2010. "

Securing the financing of audiovisual

For months, many voices to keep advertising during the day. The UMP Christian Kert's been mentioned in the "Media Buzz Orange-Le Figaro in October 2009 cash till payday. For Vice-President of the Cultural Committee of the National Assembly, it is "sustainable financing of public broadcasting while the tax on ISPs could be challenged by Brussels, and that on private channels is increased from 3 to 0.5% of their advertising revenue. It could therefore be missed around 380 million euros, a sum that advertising brings day Wednesday.Keep it avoids contributing to the French royalty or via the state budget. "In a context of fiscal deficit, a consensus will emerge on the maintenance of advertising before 20 hours," says Franck Riester, UMP.

A position that completely refutes the government. The idea that this review could take place before the summer irritating. "At this stage it is premature to reconsider the removal of the publicity given to air programming from France Televisions. In addition, this position weakens us in our discussion with the European Commission. Finally, this reform has no sense since it is now the state budget that funds the television. "Side PS, one rubs his hands. Michel and Patrick Bloche Francaix, deputies, state that "this position was that we were defending the vote of the law.The principle of reality has caught up with everyone. And the PS deputies promise "to support this bill, but on one condition: that the proposed privatization of the advertising for France Televisions will be suspended. Jean-Francois Cope did not go that far, but believes that "it is to France Televisions to review the terms of the transaction. However, the direction of France Television is not conducive to the privatization to the tandem-Courbit Publicis. ? PG and ER

ALSO READ PAGE 4

The leading independent supplier of electricity and gas French recalls in its press release of its annual results, the 2009 accounts have been sealed by "business conditions particularly unfavorable" and "the delay by government in implementation of a reform of the electricity market.

In the twelve months of the financial year, the group led by Loic CAPERAN has indeed widened its net losses over four and a half times, to 93.5 million. Turnover, already known since February 18 last, had emerged above the expectations of analysts, to 565 million euros (-2.2%). The negative operating result increased sharply to -85.3 million euros.In February, the CEO said it expected an operating loss of more than 75 million euros.

"In 2009, the difference between our average procurement cost of 42 euros per megawatt hour, and our average selling price of 47 euros, do not allow us to cover our marketing costs and costs of our customer management, had he said. Result: Poweo not develop its full portfolio of projects ranging between 3 and 4 billion euros in the medium term, including 1 billion for renewable energy.

For 2010, the company expects an operating loss divided by three. The future is preparing already: Poweo considering a plan 2011-2015 with a target operating profit in 2011 and net income in 2012, focusing its attention on "combined cycle natural gas, wind and solar. "

In exchange, investors punish.Titles Poweo dropped in the first exchanges of 1.2%, to 12.35 euros in a market decline of 0.27% at 3947 points.

ALSO READ:

"Poweo not develop all its projects

"Poweo freezes its LNG terminal project

The U.S. central bank has delivered Tuesday its traditional balancing act. While the game is indeed to justify keeping interest rates near zero to support the nascent recovery without paints an overly bleak economy.Not surprisingly the Fed has confirmed that economic conditions required to maintain its key policy rates at a "very low" for a "prolonged period".

Stabilizing labor market

The Fed, however, held that "the pace of economic recovery was slightly accelerated" cash advance america . But the greatest novelty of the final communiqu? comes from the analysis of the labor market. The monetary policy committee has in effect said levy signs of "stabilization of the labor market" in the United States. Stabilization, then recovery of the labor market in the United States is very good news for markets. It would allow a rebound in U.S. consumption, the main engine of global growth.Wall Street, which had welcomed the verdict of the Fed on the economy and the status quo on rates by up Tuesday continued its advance Wednesday.

Signs of renewed investor confidence, the sectors most sensitive to economic conditions, particularly pulled well out of the game values related to raw materials and construction led the increase on most major exchanges. In Paris, Lafarge (+3.06%) finished top of the ACC 40, followed closely by the steel giant Arcelor Mittal (+2.43%) and Saint Gobain (+2.35%)

"The answers we received were not likely to reassure all ports, the federation called to amplify the movement," says the union, whose representatives have met with Transport Minister Dominique Bussereau ago weeks.

For the CGT, the "Recovery Plan ports" of the government aimed to "privatize the autonomous ports. "Where are the development projects of traffic? Where are the 30 000 jobs that were created? "Asks the union. For the latter, the only concrete project since the passage of the reform, the LNG terminal Verdon Bordeaux, has been barred by the government.

Business bloodless

More importantly, the union opposes the measure lighthouse, the transfer of cargo handling activities (cranes and personal) of major ports to private companies, for which the procedure is being per-port basis.Given the crisis that has severely affected the sea traffic, the time would be particularly ill-chosen, the union argues: "The operators and major arms, which are the major claimants of this reform are now dying and unable to lead the transfer of tools and secondment of personnel. "

In Marseille, one of seven ports affected by the reform, Pascal Galeota, general secretary of the CGT major seaport, boasts a "moratorium to reinforce the activity, while the government seems determined to keep on schedule to be in order walk as the recovery will occur.

But the CGT leader Marseille insists: "We feel that nobody knows where we go." Reform is much more complicated to implement due to poor economic conditions, "said union leader, who refuses" transfer deficit bloodless enterprise. The question is whether these blocks are the best way to help businesses affected through this difficult period …

ALSO READ

The Port of Marseille tries to complete its reform