Posts Tagged ‘economics’

More than two thirds of French people prefer the greater Euro

May 10, 2011 - 11:12 am Comments Off

The French are less Eurosceptic than the Germans. According to a poll by TNS-Sofres for the political foundation and published on Monday, 67% of respondents wish that France retains the euro, against 30% who would prefer to return to the franc. For comparison, a survey conducted a few months ago in Germany gave half of citizens in Germany favor a return to the Deutsche Mark, the currency dropped during the transition to the euro in 2002. More broadly, the French are rather attached to the European Union (EU). Only 13% of respondents expressed willingness in effect to leave. Results "surprising" to Secretary of State for Europe Laurent Wauquiez: "The French are more pro-European than we think," he responded on France Inter.

The French only lip though not the European Union on all fronts.Their trial against him is even more mixed: 30% of respondents, hope is the first feeling evoked by the EU for them. But for 29%, the disappointment! For some aspects, the EU is their protective: for three quarters of respondents, it ensures peace, and for more than half, it makes France more strong against the U payday loan lenders.S. and China. But in parallel, 60% of French believe that the term unemployment "corresponds to the EU, and for more than half, it accentuates the problem of immigration.

While the conditions of the plan of aid to Greece should be discussed again, the French are also mostly favorable for financial support to countries in difficulty, "even if this represents a cost to France." Only 39% believe that France did not pay for others.Overall, respondents call for a Europe of solidarity, more involved in the fight for employment, purchasing power and welfare. "The French are not skeptics, they just want Europe to change," concludes Laurent Wauquiez Monday.

* This survey was conducted for the Foundation for Political Innovation (Fondapol) from April 15 to 21 among a nationally representative sample of 1500 people aged 18 and over (quota method).

The princely marriage does not boost the economy

April 26, 2011 - 5:40 pm Comments Off

The princely marriage between William and Kate be enough to revive the British economy? Nothing is less certain. Despite the media whirlwind and the important marketing surrounding the event, the positive impact on the business, whether sales of products or benefits for tourism, a sluggish economy will not reverse (drop 0.5% of GDP in the fourth quarter), weighed down by a severe austerity.

It could even have a cons-effect on production, if one believes, the Federation of Small Businesses, because of the eleven days of vacation grant themselves the British, between Easter and the wedding day, holiday. Federation, quoted by Bloomberg, down from 6 billion pounds (6.75 billion euros) loss for the economy, 10 times more than expected revenue, estimated by Dataminor to 620 million pounds.

"It's wishful thinking to imagine that people will feel better or spend more," said Jonathan Far, chief economist at Capital Economics. As bright as it is, the smiling young engaged does not erase the billions of budget cuts, the 350,000 jobs lost in the civil service, tax increases and inflation, growing twice as wages.

Besides, the English showed little passionate marriage payday loans. According to a recent survey, 45% say they do not want the webcast. They prefer to take the opportunity of a great bridge between Easter and the day of the ceremony, to afford a trip abroad. Of the eleven days they are more than 3.5 million to leave British soil, advance tour operators.An exodus for the season that will boost sales by airlines and travel agencies.

"If marriage boost sales this month, it will not be enough to restore consumer confidence," said Stephen Robertson, director general of consortia in the distribution. The industrial morale, anticipating higher prices, has relapsed in April, according to a monthly survey by the Employers' Confederation, the CBI filed Tuesday.

The index measuring the state of order books deteriorated significantly, falling to -11 points against five in March. And evaluating the export orders himself declined to -6 points against five month précédent.La publication on Wednesday of GDP for the first quarter, will be closely watched.Economists expect a slight increase around 0.3%.

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The lack of opportunities at Accor weighs on action

April 22, 2011 - 7:40 am Comments Off

The title Accor drops nearly 4% on Thursday morning at the Paris Bourse, and displayed a laggard in the Cac 40, which he, ahead of 0.31% to 10 hours. Yet when the hotel group unveiled on Wednesday night after the market close in Paris, its turnover, no data emerged disappointing. Activity in the first quarter of 2011 accelerated by 5.8% to 1.35 billion euros, is fully in line with analysts' expectations, and all branches (upper and mid-range, and economic) are affected by this improvement.

For experts, Natixis Securities, "this publication is especially encouraging that the group will be able to sell at least 1.2 billion euros of property assets in 2011/2012, which should theoretically allow the group to have no debt net to end 2011 and facilitate a possible return to shareholders. "

Lack of visibility

In reality, the problem associated with this publication sales is the lack of visibility and tone of careful management. Accor has not given any figures on its outlook for the remainder of the year. Although in parts of the Middle East and Africa pertubées – the group expects a shortfall of 10 million euros – the activity remains strong, the international context, plus lacatastrophe Japan, the concern investors.

In addition, over the coming months, visibility is poorer than in the past as customers experience less than 30 days in advance against 40 to 50 before.

Since the beginning of the year, Accor has dropped as more than 9% and has hardly changed since a year. The broker Credit Suisse has estimated its opinion to "outperform" on the value, with a target cost of 39.8 euros.Natixis, it is said to cover the purchase and now 40 euros, against 41 euros previously, in a note published today. Same strategy at Barclays, which reduced its rate from 42.5 euros to 40 euros while qu'Oddo came back from 42 to 41 euros. Matthias Desmarais, an analyst at Exane down the track is related to the impact, greater than expected, events in the Middle East on the group's operating income.

Day hires at Mc Do unprecedented

April 19, 2011 - 3:28 am Comments Off

At McDonald's, it's not just hamburgers that count. There are also teams, hundreds of thousands of men and women to whom the American fast food chain offers the possibility of a long and successful career.

That's certainly the message that McDonald's wants to go, decided to end the inglorious image of the "McJob" that sticks to the skin, considered the ultimate odd jobs, poorly paid and no future. To improve its image on the labor market, the fast food chain wants to create an event by changing its recruitment patterns for the summer.

On 19 April, she organizes the United States a day of unprecedented hiring, with 50,000 jobs in the key (seasonal jobs but also injecting drug users, crew positions, but also managers with higher responsibility) fast cash loans.

By striking hard and fast, McDonald hopes to convince that "a McJob is a job that offers career development and opportunities," says Ashlee Yingling, spokesman for the chain. Hiring 50,000 people a day, often at rates higher than 8 dollars an hour, McDonalds will increase once its U.S. workforce by 7.7% to bring them to 700,000.

But McDonald's does not take risks. Each year, in fact, in anticipation of peak summer activity, the chain is expanding its teams in such proportions. "The number of contracts is similar to those of past years, provides Ashlee Yingling. But recruit 50,000 people in one day is unique. "It's certainly a good shot of the pub, but not necessarily more.

Prudente, the Paris Bourse falls into the red

April 14, 2011 - 4:56 pm Comments Off

On Thursday, the Paris Stock Exchange should make every effort to keep the 4000 points reached Wednesday. The CAC 40 was able to pick this threshold technique, driven by buying cheap and good results from JP Morgan. However, caution leads the ACC in this technical threshold for the opening and himself. The benchmark index in Paris lost 0.49% to 3986.26 points in early trade.

In Germany, markets follow the same path with a start down 0.24% at 7160.99 points for the Dax in Frankfurt. In London, the FTSE losing 0.37% to 5990.24 points.

Operators decide to follow the footsteps of their counterparts on Wall Street and Asian markets. Time to dissect the business publications across the Atlantic. Japan also remains a concern for markets.The situation remains tense nuclear posture in the country while the authorities claim that the islands have to find other means to cool the reactor number two at the nuclear plant in Fukushima-Daiichi because of the difficulty of evacuation contaminated water.

Entry in U.S. unemployment to menu

Side indicator, the markets will keep an eye on the German government's economic forecasts (13 hours). Overseas, the Labor Department will release the index of producer prices and weekly jobless claims (1430).

In France, Minister of Economy confirms the decrease to 2.25% of its growth forecast for 2012 against 2.5% previously. Its stability program should be forwarded to Parliament tomorrow Friday.

On oil markets, investors are plunged into doubt.Oil prices move in a disorganized in the morning, the market for assessing the impact of high prices on global growth. In morning trading, a barrel of light sweet crude for May delivery took 13 cents to 107.24 dollars and that of Brent North Sea crude for May delivery fell by 10 cents to 122.78 dollars.

Side currency, the euro is rising again against the greenback. A euro is worth 1.4501 in morning trading (+0.37%).

Schneider and Tyco: the series

Danone

The food group confirmed on Thursday its 2011 goals by announcing an increase of 19.6% of its sales in the first quarter thanks to the synergies of integrating Unimilk in fresh dairy products in Russia.

Schneider Electric

While the group denies any attempt at rapprochement with Tyco International, two sources familiar with the matter confirmed Wednesday that the leadership is seriously concerned by the project.Schneider Electric has approached banks, including French banks on the financing of a possible transaction.

Dexia

The Franco-Belgian bank has adopted a list of seven candidates for the resumption of its life insurance subsidiary Turkish Deniz Emeklilik, said Thursday the newspaper Les Echos.

Nexans

The group announced Thursday that it had been informed by the Competition Bureau of Canada to open an investigation against several cable providers and be part of groups covered by this survey instant payday loan.

TF1

The group announced a contract for sale of 100% of his company's games and online paris Solfive SPS, one of whose shareholders is the CEO of SPS.

Renault

The changes at the head of the manufacturer and the difficulties of the Japanese automobile industry have no immediate impact on the activities of automotive group in France, said Wednesday the director of manufacturing. Renault also believes that the Russian market could reach 2.4 million vehicles sold in 2011 against 2.2 million forecast earlier this year in favor of extending the scrapping in the country.

Morgan Stanley appreciates Accor

Accor

Morgan Stanley raised its recommendation on the value to be overweight, weight cons online before, and raised its target price from 32 to 37 euros.

Casino

Credit Suisse raised its recommendation to neutral cons underperformance before, and raised its price target on the basis of 50 to 70 euros

Carrefour

Several shareholders of the family Defforey opposes the draft that Carrefour plans to split its subsidiaries Property and Dia, reports La Tribune. Thierry and Sophie Defforey have announced their opposition, just weeks after Defforey Herve, son of the co-founder of the group, which had expressed early April. Their positions around the table were not disclosed.Sophie Defforey owns two million shares in conjunction with Xavier Kemlin, another individual shareholder, the newspaper said.

Total

The oil group announced at the conclusion of a works council the establishment of a voluntary redundancy plan than a hundred people per year until the end of 2017 in the refining industry in France, excluding staff posted , reports La Tribune.

Unibail Rodamco

The group announced Wednesday that yielded three malls and hypermarkets in Sweden to a consortium led by Grosvenor Fund Management for 268 million euros.

Cegedem

The group said on Wednesday it expected a 4% increase in net sales excluding currency effects in 2011, after recording a loss in 2010.

Bull

The group has been chosen to supply a supercomputer research center at Rokkasho in Japan as part of research into controlled nuclear fusion project ITER-related.

Direct Exchange

The group recorded an increase of 25% of its sales in the first quarter to 8.4 million. The online broker, Boursorama competitor, reported 52,000 accounts at end-March.

Pierre et Vacances Carrefour and publish their turnover in the second and the first quarter after market close. Stallergenes Mercialys and reveal their first quarter results at the same time.

Portugal in the dry regime

April 9, 2011 - 11:12 am Comments Off

The Portuguese will elect a new majority on June 5, but they have no choice program: right or left, the winner will impose austerity until at least 2014. Three weeks earlier, each major party it will be engaged individually with the EU and IMF.

This loss of political control is the price to pay for a rescue plan to about 80 billion euros on Friday decided in broad terms with the euro area, the 27 EU countries and the European Central Bank. Probably for a period of three years, it aims to put the Portuguese State on the wagon, to launch an "ambitious agenda" of privatization to reduce public debt and, finally, to ease the labor market.It also provides special funding to support Portuguese banks, the amount to be determined.

Unprecedented purge

Finance Minister Fernando Teixeira dos Santos, caught in the throat by the markets, had no other choice but to surrender Friday to his colleagues.For the Portuguese political class, is doubly bitter pill: it is because they have subscribed to an earlier austerity negotiated with Brussels that Portugal must submit to the unprecedented purge dictated by Brussels, Frankfurt and Washington.

The statement issued after the meeting in Budapest is no ambiguity about the lack of flexibility: "The preparation (from the austerity plan) should begin immediately to an agreement between the parties in the mid-May, and allow implementation without delay of the adjustment program from the formation of new government "in early June.

This update reflects the Trust prior to the impatience of the first major contributors to the single currency, starting with Germany and France. The Portuguese plan is the third rescue launched in less than one year, eleven months after Greece and four months after Ireland.The euro area to be avoided at all costs that instability does not win the Spanish economy, which weighs more than the previous three combined. The plan decided on Friday reflected the distrust of the Europeans and the Portuguese political class, believed to have triggered the crisis by pure electoral calculations.

Friday, "the ministers have made clear in Portugal they do not want to return to the counterparties to help, whatever the election results," reported a witness to the camera in Budapest. Clearly, there is no alternative to the plan to be tied up in mid-May. To avoid any disputes after the polls, the bloc will materialize their aid once acquired "the support of major political parties," the statement said. The future head of government can than apply strictly to the remedy to which it has itself signed.In Lisbon, the latest polls give the center-right and its leader Passos Coelho winners, ahead of Socialist Jose Socrates.

Once the plan is adopted, probably on May 16, during another visit to the euro area, it would take ten days to release funds for Lisbon, says Olli Rehn, Commissioner for Economic Affairs. The IMF should fund the program up to the third, as was the case for Greece and Ireland.

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Auchan hypermarket invents the city

April 5, 2011 - 2:48 pm Comments Off

"We will try to pass the big gap: to provide a wide range for all types of customers, low prices and downtown," said David Guilluy, director of Auchan City, the latest of group. By visiting the new mall area St. Kitts, the people of Tourcoing be the first to find out what type of store, which "is not a smaller version of the hypermarket," said the manager.

Smaller (4000 m2) a hyper, Auchan City offers 25,000 products anyway, a thousand local items. "We've adapted our offering.Textile range was reduced to underwear, while we propose a satisfactory choice in hardware, preferring to make more room for shelves school supplies, food and cosmetics, "explains Emile Sanchez, who oversees the range of non-food store.

In the world of green apple Auchan City, they are fresh products that are kings presented in the stands and highlighted at numerous events, strawberries, cheese and other fish should be given to some 5,000 customers daily expected the impression of strolling through a market.

Back to site

"We want to give pleasure to shop and prefer that the customer comes time to choose rather than try," said Emile Sanchez, recalling one of the main criticisms of hyper.This thinking explains the new organization of the rays, where the electric toothbrush alongside its classical variant, but where the different price ranges – discount store brand, national brand and organic – are included in the same radius.

"This is our opening symbolic because Auchan back where he was born fifty years ago," says Gerard Muller, who had opened his first store between Roubaix and Tourcoing "to sell products cheaper." Its offensive in the city center coincides with that of its competitors, who develop small areas. Auchan, building on a larger area as it continues to do for its hypermarket shopping area, invents a different business model yet. 16 million euros have been spent on this new concept."We will decide a second opening after only one year test," warns David Guilluy.

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Airbus being evaluated in Japan

March 17, 2011 - 5:28 am Comments Off

Airbus is closely monitoring the developments in Japan. The European aircraft manufacturer employs 25 people locally, including 5 expatriates employed in support functions to customer airlines. Airbus has decided to move its expatriates in the south, while 20 Japanese installed at the headquarters in Tokyo were invited to stay home this week. "We have a team that is studying the situation in real time and the decisions of the Japanese government. Our priority is our employees, "said a spokeswoman for Airbus. C hez same speech that Boeing has allocated 2 million dollars to help the Japanese. The U.S. giant has – for now – not decided to withdraw its 200 employees. "We work with our partners and customers to see what assistance we could provide," said a spokesman. He added: "We remain in constant contact with all our employees."

Airbus currently refuses to talk about any economic impact because of the seriousness of the situation. Commercial presence is modest. F the monkfish Airbus A320 in service with 5 StartFlyer, 18 A300 and 29 at Japan Airlines All Nippon Airlines A320 at. Recently, Boeing has signed two contracts with Skymark for 4 A380s and with A & M Aviation, a subsidiary of ANA, for 10 A320s. Nothing comparable to the ultra dominance of Boeing, which controls 98% of the Japanese market and has forged a partnership with the country strategically in the aftermath of World War II.

On the industrial side, again the two groups are not in the same position. Airbus has gradually built Japanese subcontractors in its worldwide network of suppliers. Today, 12 of them work for the A320, 15 for A ranges 330-340 and 20 for the A380.For its part, Boeing has made the Japanese aviation industry a leading partner that shares the financial risks and technological programs. Mitsubishi Heavy, Kawasaki Heavy and Fuji Heavy provide 15% of the 767 fuselage components, 20% and 35% B777 B787 Dreamliner.

For now, Boeing has not suspended any of its business in Japan and, according to preliminary reports sent to industry partners Boeing, their factories south and south central (Nagoya, Kobe particular) have not suffered so significant earthquake.

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Merkel in search of another candidate for the ECB

February 12, 2011 - 3:22 am Comments Off

Better than an official statement, an absence confirmed on Friday the Berlin waving speculation since Wednesday. The head of the Bundesbank, Axel Weber, was omitted from the Economic and Financial Advisory Franco-German gathering in Berlin, the German finance minister, Wolfgang Schäuble and his French counterpart, Christine Lagarde.

Since announcing his candidacy to the surprise withdrawal of the European Central Bank (ECB), which has overtaken Angela Merkel, the media do not broadcast in unison more than a single image: that of a man sweating big drops … As if the events of recent days had revealed a personality nerves too fragile to guide the euro out of the storm.

Axel Weber was called on Friday afternoon at another appointment, at the Chancellery in the presence of the Minister of Finance. It was for the Chancellor to push him toward the exit as quickly as possible.The president of the German central bank will leave office April 30, for "personal reasons". "His successor will be announced during next week," says a statement from the Chancellor very dry, which contains no shorthand praising the work of the President of the Bundesbank.

Jens Weidmann, 42, economic adviser to the Chancellor, who defends, as Weber, a monetary policy ultrarigoureuse, is the favorite to succeed him as "Buba".

Weber announced Tuesday night at his colleagues in the Executive Board of the Bundesbank, he renounced his ambitions to the ECB.He lamented a lack of clear support from the Chancellor in recent months, while his candidacy aroused opposition from several countries including France because of its monetary conservatism.

Liberals pledge to

For Berlin, put this former professor of economics at the helm of the ECB, was to guarantee the stability of the euro and thank you without a fight against inflation, which remains for the Germans absolute evil since the Great Depression of 1923. Within the coalition government, the appointment of Weber allowed to give pledges to liberal FDP and temper their opposition to an enlargement of the European financial stabilization (FESF). Now, Merkel may be forced to be even more intransigent on the issue of deficits to satisfy his allies in the FDP."This is a severe blow to Angela Merkel and a disavowal with respect to its European policy, has accused the leader of the opposition Social Democrats in the Bundestag, Frank-Walter Steinmeier.

Merkel now finds itself extremely impoverished. "Germany has little money makers with the right profile" to take the reins of the ECB, the daily economic Handelsblat t. The name of Klaus Regling, president of FESF, is often cited, but he has no experience of central banking. He's chief economist Juergen Stark also the ECB, but his candidacy would raise legal problems because he is a member of the Executive Board of the ECB.Friday, at the end of the economic council, Schäuble said that Berlin had never insisted that there be a German candidate for the presidency of the ECB …

Berlin could be forced to support the president of the Central Bank of Luxembourg, Yves Mersch, or the Bank of Finland, Erkki Liikanen, to bar the way to the Italian, Mario Draghi, a former Goldman Sachs. For his part, Weber saw that the media already succeeding Joseph Ackermann, the head of Deutsche Bank, could be forced to review its ambitions. The tenors of the CDU and FDP "advise" the biggest German private bank hiring Weber, considered "unstable."For its part, the opposition called for a "waiting period" of three years before the former president of the central bank can take the direction of a private bank that was responsible for overseeing.

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The agreement of Sanofi and Genzyme submitted to the boards

February 7, 2011 - 12:58 am Comments Off

Weekend of suspense for the leaders of Sanofi, hoping that Sunday loop redemption of Genzyme. The laboratory lights continued its review of accounts of the American biotech, begun only a week ago. It would also raise its board of directors to submit the conditions of purchase and obtain his approval. It was not won since the leaders of Genzyme insisting on $ 74 per share in cash ($ 19.8 billion). An amount of $ 69 away initially proposed by Sanofi. And a sum still high in the eyes of leaders of Sanofi, which had hoped, there is little enter into the transaction at a price of 72 or $ 73 per share low rates payday advance. It adds an additional price, intended to take into account the potential success of future drug Genzyme against multiple sclerosis.Distributed in the form of a certificate of conditional value (CCV), it is estimated at $ 5 or $ 6 per share. The Board of Genzyme also needed to meet to consider the offer from Sanofi.

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