News Line » economic

admin — Sun, 06 Nov 2011 11:20:10 +0000

It's time for last-offs. The content of the new austerity plan, made necessary to achieve a deficit target of 4.5% in 2012 mlgré lower growth than expected, will still the subject of intense discussions this afternoon at the Elysee Palace, before its unveiling Monday. According to the Foreign Minister, Alain Juppe, Francois Fillon is expected to announce the content then, after the Council of Ministers. He will then travel the same evening on the set of TF1, to convince the French.

Saturday, the Prime Minister on the road to Morzine already displayed color. Debt crisis forced the state budget for 2012 will be "one of the most severe since 1945." There is no alternative to debt reduction, and it will be possible by reducing public spending, he said in substance.

"The hour of truth has come, he warned.There is no need to attack rating agencies, bankers, speculators or some sort of scapegoat, no need to believe that there are hidden treasures to finance our spending. [...] There is no other income to reduce debt but to reduce spending, "said Francois Fillon. But thanks to these efforts, the Prime Minister considers that France "will remain one of the ten countries in the world with the best financial credibility," and therefore the loan conditions are most favorable.

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admin — Tue, 01 Nov 2011 22:36:12 +0000

Air France is moving towards an end to the conflict which penalizes air traffic since Saturday. Air traffic in France was almost normal Tuesday, the fourth and penultimate day of the strike of flight attendants worried about downsizing by crew. Management expects a quick exit from the conflict.

In an interview with i-TV, George Daher, head of Air France at Orly, said the management of the company "hopes to leave the conflict before tomorrow (Wednesday)," and said he was "open to dialogue with other unions "of cabin crew on strike against a reduction in the cabin. "We're always open to dialogue with other unions and hope to be out of the conflict until tomorrow. It would be good for the company and for our customer. "

Two of six unions, the CFDT and CFTC, withdrew from the conflict on Monday after receiving assurances of management on employment until the end of 2012. According to the CFDT union representative, Cyril Jouan, they will be involved in the presentation of the management of jobs and skills (GPEC) over three years, allowing them to have greater visibility on employment in the company.

Following this withdrawal, the company claims to have been able to provide "more than 90% of its program, which is above the 85% announced" on Monday payday loan lenders. "Over 120,000 passengers were transported" which is close to a normal operating day, "says management. "For the day on Tuesday 1st November 2011, Air France plans to provide over 90% of its flights," said a statement.

This objective will be achieved by the continuation of measures already taken by management since the beginning of the strike, as the use of partner companies and subsidiaries, limiting the number of passengers per aircraft on the basis of a hostess or steward 50 passengers, and the reinforcement of about 200 frames.

"Shortness of movement" in the direction

"Management is currently parades, but it can not hold the road in five days," said Gaëlle Sibril, steward of Southern Air. "That's why we filed a notice of strike for five days because we know they can be organized over two days but no more," she added. Didier Foussat union FO-SNPNC, "the strike will ramp up because all the reserves of cabin crew volunteers (PNC) are now starting."

The debt crisis would weigh on the Paris Stock Exchange

admin — Wed, 19 Oct 2011 01:28:19 +0000

In the wake of the Asian stock markets and Wall Street on Monday, the CAC 40 down is expected on Monday after Moody's has cast a shadow on the "AAA" rating of the Hexagon. The rating agency is now planning to revise its position on the "stable" outlook for the rating "over the next three months, Moody's will monitor and evaluate this perspective in the light of progress made by the government to implement the announced measures to reduce the budget deficit, "she says in a statement.

The day before, the CAC 40 sold 1.61% below 3200 points, after about German leaders who are very cautious about a future resolution of the crisis in Europe. The German Minister of Economics Wolfgang Schäuble has indeed warned that the EU summit to be held in Brussels Sunday will not lead to a definitive solution to the debt crisis.And, while the central bankers of the euro zone had promised a response "comprehensive and lasting peace" to the crisis at the G20 finance this weekend in Paris.

Fears of a slowdown in Beijing this must be added the fear of a slowing Chinese economy, which appears in 9.1% in the third quarter, against 9.7% and 9.5 % in the first and second quarter. "Economic growth is currently facing a more complicated on both external and internal plans," said the spokesman for the National Bureau of Statistics (NBS), Sheng Laiyun commenting on the growth of China. In fact, Chinese exporters are beginning to suffer from particular sovereign debt crisis in Europe, their largest market, a difficult economic situation in the United States.The Chinese economy is also impacted by rising wages and strong yuan, has appreciated by 7% in a year against the dollar. "The number of factors of instability and uncertainty increases," says Sheng Laiyun.

On the front of currencies, the euro rose 0.28% to 1.377 dollars on Tuesday. Oil is meanwhile down in Asia after the confirmation of a slowdown in Chinese growth in the third quarter against a backdrop of skepticism about a speedy resolution of sovereign debt crisis in the euro area.The barrel of "light sweet crude" for delivery in November, up in the early electronic trading, lost 9 cents to 86 low fee cash advance.29 dollars, around 6:00.

On the macroeconomic front, Germany, the barometer of confidence in financial circles ZEW is expected in 11 hours.

In Britain publish inflation for the month of September will also punliée.

Spain should in turn issue Treasury Bills 12-18 months, and publish the figures for bad debts of its banks for the month of August.

Values to follow on Tuesday:

• Danone

Group sales in the third quarter were in line with analysts' expectations, and with forecasts recently outlined by the Group CEO, Franck Riboud.Sales for the period to 4805 and spring million, an increase over one year of 10.5% as reported and 5.9% excluding currency effects and changes in structure. The group confirms its 2011 and said he was "confident" in 2012.

• Air France-KLM

The company announced Monday the resignation of its CEO Pierre-Henri Gourgeon, President Jean-Cyril Spinetta regaining his seat as CEO of the Franco-Dutch until the establishment of a real Air France-KLM holding company, postponed current 2013 instead of early 2012.

• L'Oréal

With the guardianship of Liliane Bettencourt, the transfer of power between the L'Oreal heiress and her daughter opened a new era may change the balance of governance of the group as its ties to Nestlé.

• Edenred

The group announced a growth of 11.3% of sales in the third quarter thanks to a very strong activity in Latin America, enabling it to confirm its annual targets.

• LVMH

The group reported organic growth of 15% to 16.30 billion euros in sales in the third quarter, as the first nine months of the year. He felt that his performance since the beginning of the year confirms its confidence for 2011.

• Aéroports de Paris

The company will present the latest figures for passenger traffic.

• Accor

The hotel group will present its turnover in the third quarter after market close.

• NextRadioTV

The group presents its revenues in the third quarter.

Carrefour reinvents his supermarket trolley

admin — Sun, 09 Oct 2011 08:04:07 +0000

This may be the end of the old carriage with us for fifty years at the supermarket. Carrefour tests from Monday at five stores in France, Spain and Belgium a new model. Exit the metal cage. Place one on which will be suspended for reusable shopping bags. In France, it is the clients of the Carrefour Market in Boulogne-Billancourt (Hauts-de-Seine) and Carrefour hypermarkets Planet of Ulis (Essonne) and Wasquehal (North) who will reign. The test, which covers 800 trucks, runs until the end of the year. If this cart, called "mobility" in-house, attracted customers, its use will be widespread by the spring of 2012. "If the consumer tests are successful, a model carriage that could become a standard at Carrefour without geographical limitations," said Philippe Picaud, Design Director of the sign.

This is a revolution in shopping habits. "We have completely changed the profile of the truck, said Christophe Rebours, founder of In process design agency that designed the new truck, manufactured by German Wanzl. It was necessary to facilitate purchases and allow customers to better organize their shopping in stores. We bet on the flexibility of use thanks to the bags and different spaces that can accommodate the volume of races. "Notches on the side let slip a broom, for example. Downstairs, the buyer may ask the TV screen or drink without having to break the back by lifting them above the truck … Customers will come with their bags (or those of its competitors Carrefour) or purchase on site ( around 0.60 euro).One in two of the brand are already being used for shopping.

With fixed rear wheels, the new truck that will be offered the choice alongside the old, is more manageable. Lighter, with less metal, it will also make less noise. For young children, being unable to sit inside the truck, they can stick to vertical handles designed for this purpose on each side.

Scanner Procurement

Finally, a shelf was intended to put the shopping list or a loyalty card. "One can imagine eventually having screens or more sophisticated information systems integrated or connected to the trolley smartphone customers," said Philippe Picaud. But new technologies are not absent from the new truck. "Mobi" offers buyers the ability to scan their own bar code their products via technology ScanLib.The buyer, who no longer out of her shopping cart at checkout, the range directly into the closet after returning home. 10% of purchases are ScanLib today at Carrefour.

The observation of teaching was simple. After fifty years of loyal service, the truck needed a serious facelift. Apart from the introduction of plastic in the last five years, he had hardly changed. "We became aware of the expectations and frustrations of users when we worked two years ago on the reinvention of the supermarket, says Philippe Picaud. The truck was old, it was not the object that clients were proud to use to shop in the 1960s, these new temples of consumption. "

Carrefour bets on the mass production of its new truck to absorb the extra cost of manufacturing (10%).The company has filed a patent to protect his invention. When the group is experiencing difficulties, particularly in France (40% of revenues), the arrival of these new trucks is welcome.

In unsheathed before its competitors, Carrefour offers a small facelift.

The Paris Bourse expected in the red

admin — Mon, 03 Oct 2011 06:32:41 +0000

The Paris Bourse is scheduled to begin this week in the red, as at the close Friday. Futures contracts on the CAC 40 were down 2.88% to about one hour of the opening. The debt crisis continues because of European concern the markets, and lead the outlook for global growth. The fear of lead and impact in China Asian stock markets are in the red Monday morning, dropping the Hong Kong Stock Exchange by almost 5%.

Greece announced Sunday night that it would lack its budget deficit targets. The second Country Assistance Plan will be on the menu for more discussion this week: Monday, finance ministers of the euro area will meet in Luxembourg to 17 pm and Tuesday, those of the entire European Union.This will then be the turn of the Franco-German Nicolas Sarkozy said he expected to meet German Chancellor Angela Merkel "in the coming days in Germany" to discuss in particular "ways and means to accelerate economic integration the euro area ".

On the macroeconomic front, investors are waiting for the car registrations for the month of September, around 9:45, the manufacturing PMI for the month. In the U.S., the ISM manufacturing index will be released in 16 hours, Paris time.

In this context, oil prices have opened lower. A barrel of "light sweet crude" for November delivery lost 50 cents to 78.70 dollars in early electronic trading.A barrel of Brent North Sea crude for November delivery gave up 77 cents to 101.99 dollars.

As for currencies, the euro lost ground and is worth 1.3315 dollars and 102.6 yen, against more than 104 yen in the middle of last week.

Steria wins contract public

Axa

The first offers for Axa Privaty Equity (AXA PE), the division of equity sold by Axa, must be filed early next week, according to sources familiar with the matter low interest rate personal loans.

Renault-Nissan

The group announced Saturday the construction of a new plant in Brazil and the expansion of another existing site to boost its presence in the fourth global automotive market.

France Telecom

European Commissioner Neelie Kroes digital strategy is expected to announce on Monday that the EU wants to reduce the revenue that incumbents derive copper telecommunications networks to boost investment in fiber optics.

Air France-KLM

Alexander Juniac could take the management of Air France in January in favor of a reorganization of the Air France KLM with Pierre-Henri Gourgeon retain the reins, according to La Tribune published on Monday.

Steria

The computer services company was awarded a public contract with the French Ministry of Budget, Public Accounts, the Civil Service and State Reform, to ensure the implementation of the Information System (HRIS) to several departments that will ultimately pay more than 3 million employees of state.

Hermes

The group currently finds no sign of spending restraint to its customers despite a darkening economic outlook, said Sunday the manager of the French luxury group on the fringes of Paris Fashion Week.

Carmat

The designer of the total artificial heart on Monday announced that preclinical data will be presented at the 25th Annual Congress of the European Association for Cardiothoracic Surgery in Lisbon on October 4.

Packages of mobile will last 24 months

admin — Fri, 30 Sep 2011 16:16:16 +0000

Of the 600 amendments to the bill on consumption currently being debated in the National Assembly, MPs have finally decided to limit to 12 months duration of mobile phone packages. The maximum consumer engagement remains at 24 months. "I do not want a ban long packages. It is the right of consumers not wanting to change every year all of its contracts, "asserts Jean Gaubert, MP PS opposed the amendment.

As for the arrival on the market Free Mobile, the fourth operator who promises to cut prices, the MP highlights the importance of "honor its commitments": "I'm not the VRP or the Orange Free , defends it. But it is a matter of principle. I am for freedom of the consumer, but when it's choose freely, he must assume.When his engagement is over, he can, why not look at other offers. "

"This amendment was not included"

"Even if your commitment is complete, you can stay at your service," Edward replies Barreiro, deputy director of studies at the UFC-Que Choisir. "This amendment was not included. We do not force consumers to change operators, but they have the opportunity. " The involvement of customers in 24 months' lock the market, "he laments: for two years, customers are not interested in other offers, even if they are more profitable. They re-enlist even if they want to renew their mobile age."It's a vicious cycle that prevents to choose," complains Edward Barreiro.

"Our position is clearly to punish all practices designed to keep customers captive, had also argued before the Assembly Jean Dionis du Sejour, Deputy New Center, who filed the amendment. The competition, which should work with the arrival of the fourth operator, and finally take-off of mobile virtual network operators, will allow the French to gain purchasing power. "

Free Mobile should, in fact, launched its first early 2012, while in parallel develop MVNOs, these operators without their own network, such as La Poste Mobile, Virgin Mobile, NRJ Mobile Mobile or Carrefour. In this context, the UFC-Que Choisir claims to have seen an increase in the number of "so diverted re-commitments."The consumer association has collected 270 customer testimonials rehired without their consent, such as accepting a trade offer without knowing it meant a re-engagement of two years. "Until January, the operators will try to keep their consumers, said Edouard Barreiro. There is a sense that they are afraid of competition. "

The output of nuclear power would cost 750 billion

admin — Thu, 22 Sep 2011 15:40:49 +0000

Out nuclear power is a political choice.But what does it cost? Four months after his radical decision, Germany, which now produces 25% atom of electricity, made his first calculations: KfW, the German equivalent of the Deposit, said the bill to close 250 billion euros.

A figure that takes into account several factors: the investment required for the construction of new production capacity to offset the loss of the atom, the increased use of renewable energy, whose development is heavily subsidized, the increase in imports electricity, the dismantling of existing … Upon arrival, a whole energy landscape is changing: "As a guide, installed capacity equal to a wind farm produces almost four times less electricity than a nuclear site "notes the expert Lionel Taccoen.

In France, six months after Fukushima is the beginning of the presidential campaign raising issues. Socialist candidate in the primary, Martine Aubry considering this scenario on the horizon of twenty or thirty years. For his part, François Hollande does not abolish the atom, but a declining share in the "mix" French energy to 50% by 2025, against 80% currently. In Green, Eva Joly simply consider wind turbines to replace all nuclear power plants. None of the three, however, has quantified at this stage he is defending the option.

Orders of magnitude

Bernard Bigot, the head of the Atomic Energy Commission (CEA), does not figure in his interview with Le Figaro.But the comparison with Germany on which he relies can consider orders of magnitude are staggering: at least 750 billion euros, if we simply triple the German bill to meet the proportion of nuclear power stations in each country personal loans for bad credit. In fact, it could be much more, since France is now three times more dependent on the atom as its neighbor. The consequences, both for public finances and for the customer's bill is incalculable …

In early September, the government, through the Industry Minister Eric Besson, has appointed a committee called Energy 2050, responsible for evaluating all possible scenarios.Its report, which is due early next year, will act more formally on the financial implications of the changing energy landscape.

The companies concerned have also started working. Before the summer, Areva told the PricewaterhouseCoopers study on "the socio-economic power in France." The significant role that industry plays in the national economy is highlighted: 125,000 direct jobs (4% of industrial employment) and 410,000 total jobs (direct and indirect), 450 specialized companies and 12.3 billion euro of value added, or 0.71% of the contribution to GDP.A weight that will also put in the balance at the time to decide.

PPR: the sale of Redcats could take several months

admin — Fri, 09 Sep 2011 15:28:17 +0000

François-Henri Pinault, who wanted to wrap by the end of the sale of Redcats, the pole distance selling of PPR (La Redoute, Cyrillus, Vertbaudet …) may have to wait many more months. The financial market crisis, in fact, makes potential buyers more cautious. "Access to finance is a critical point, recognizing the CEO of PPR. There is a certain risk. This will be decided in the coming weeks. "

The group offers non-binding expected by early October. If the evaluation of Redcats by the buyers does not seem in doubt, difficulties in finding funding from banks could encourage them to drop their offer of a few hundred million. A possibility that PPR, well known for selling its subsidiaries, refuses to accept in advance. "I'm not going to sell off assets with a view short-term approach, says François-Henri Pinault.I have no debt, no big acquisition to do. "

In addition, PPR does not seem to need to sell Redcats to finance acquisitions of medium size. François-Henri Pinault has acknowledged that the group was discussing with the families of the Italian owners of ready-to-wear Brioni, officially on sale for many months. "Unfortunately, we are not alone," smiled the CEO, by refusing to specify whether it has filed a binding offer to sellers. Brioni, who directed last year a turnover of 117 million euros, is also of interest to other luxury groups and investment funds. The owners have so far taken their time. François-Henri Pinault, who wants to strengthen the pole on the PPR luxury segment of the jewelry available, however has refused to confirm his interest in Italian Pomellato.

Attention should dominate the Paris Bourse

admin — Tue, 16 Aug 2011 06:00:20 +0000

The Paris Bourse is expected to hold its breath on Tuesday. Combined these as on global markets, all eyes will be on the Elysee Palace in Paris to take place a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy, to improve governance in the area euro. The two leaders will meet from 16 hours and hold a press conference around 18:30.

Investors already know that he must not expect miracles, especially not that the two largest economies in the euro zone agreed to set up Euro-bonds, which would be financially harmful to Berlin. "Do not expect anything dramatic" at the end of the meeting Monday said a spokesman for Angela Merkel, that "people expect once again a spectacular blow."It should only be to continue discussions on the governance of the euro area, following decisions taken by Heads of State and Government of the European end of July.

Operators still expect progress on this issue. "If nothing is announced, it will mean that there is a deep rift between Paris and Berlin markets can get excited again," warned Yves Marc, sales of shares in Global Equities.

Meanwhile, Asian markets have already set the tone with very mixed sessions, despite the good momentum on Wall Street, which closed yesterday on a sharp rise. Oil down with a barrel of "light sweet crude" that is losing 45 cents to 87.43 dollars and that of Brent which cedet 42 cents to 109.49 dollars.Sign of nervousness room, gold was up, quoting around 1767 dollars per ounce at the opening in Hong Kong dollars in 1744 against the previous day closing in New York.

Busy schedule

In addition to the meeting, investors will be occupied by the many indicators that will be published on both sides of the Atlantic. Germany will open the show with the first estimate of GDP for the second quarter. The GDP of the entire euro area over the same period will also be unveiled at the same time as the trade balance in June

In the U.S., markets will learn in the afternoon of housing starts, prices for import and export and especially of industrial production.This indicator is closely watched as markets worried about more and more sluggish growth of the world's largest economy.

Values to follow

On the corporate side, the news is much thinner. Bank stocks will again be followed after strong gains yesterday. They should respond to the Sarkozy-Merkel meeting.

GDF Suez is added to the list of preferred values of UBS. Veolia Environment should react in the wake of this recommendation.

New Frontiers in shock

admin — Fri, 22 Jul 2011 18:20:19 +0000

It is a shock as it prepares to New Frontiers. Within weeks has been thanked Jean-Marc Siano, who was in charge of tour operator since 2006, Pascal de Izaguirre, the new boss of the group, a detailed recovery plan Friday, drastic, during the committee extraordinary business. His strategy involves a combination of Marks (New Frontiers, Marmara, and adventurers Tourinter) within a single entity, TUI Travel France, also owns the airline Corsairfly. "The TUI Group has decided to put in running order in France and to take advantage of its power in brands and distribution, which is not the case at the moment, says Pascal de Izaguirre. It's a huge change. We will create a single organization, integrated in the service of productivity and business efficiency.The idea is the fastest return to profitability and strengthen our leadership role. "

In a letter to employees of New Frontiers, Peter Long, chairman of TUI Travel PLC, said "the main objective of TUI Travel PLC France is to be at once profitable in the long term, the market leader." For him, no doubt: "We believe this choice to bring together all staff and registered in France under a single brand to be called TUI Travel France we will eventually achieve our goals ". Pascal de Izaguirre is an alarming fact:" The health of the group is serious, more serious than we could imagine, he wrote for his part in company employees. It is likely that the operating loss this fiscal year will be the largest in our history check cash advance. "

New social

The reason: the cost structure, too high and the supply itself, "too diverse". "The positioning of Marmara is very clear, that of New Frontiers is unclear. It must be clear knowledge that the brand remains one of the finest brands of travel in France, "says Pascal de Izaguirre.

According to his calculations, the average revenue per employee is up to five times higher than in some competitors! "We were in no particular order. There was even a sense of competition between Marmara and New Frontiers is against-productive, "says he. The organization will be upset, but the two brands, Marmara and New Frontiers, retained."We set a very frugal organization inspired by the corporate culture of Marmara and Tourinter," adds Pascal de Izaguirre, who will chair a board reduced to three people, including Hervé Vighier, previously CEO of Marmara.

In this logic, a new social, which will cover hundreds of posts (in addition to measures already taken in Corsairfly) will be launched in early 2012, once all the group entities merged. There will be detailed in September. The goal is to complete in twelve months. Secured financial support from its shareholder, the new head of Nouvelles Frontieres wants to go fast. It ensures that the action plan will enable the group to save from this semester.