Posts Tagged ‘home’

The CAC 40 should pick carefully

September 1, 2010 - 9:32 am Comments Off

Despite the rebound in Asian stock markets Wednesday morning and the revival of U.S. consumer confidence on Tuesday, the Paris financial markets should remain febrile for the first day of September. Futures rose 0.59% to 3506 points, about 8.20am. The CAC 40 closed Tuesday August on a small increase of 0.11% to 3490.79 points. Throughout the month, the index in Paris lost more than 7%.

Vivendi raised its forecast

The set of interim results continued. Meanwhile Wendel and Altran particular, Vivendi raised its forecast for this year, after posting a 6.1% increase in sales to 13.9 billion euros and 6.6% of net income to a 26 billion euros.

Wendela investment company registered in the first half net profit of 124.5 million euros against a loss of 959 million for the same period of 2009.

Tuesday after-hours trade, Bouygues has issued a revenue down 1% in the first half and slightly raised its full-year sales (30.4 billion euros against 30.1 billion euros previously planned) .

Vinci reported interim results exceeded expectations. Its net profit was up 1.9% to 703 million euros and sales rose 2.3% to 15.5 billion euros, thanks to improved traffic conditions and benefits the acquisition of Cegelec.

Finally, Eiffage confirmed its forecast of sales for 2010 thanks to the growth of its backlog and achieved a 40% jump in net profit group share semi-annual 70 million euros payday advances .The operating profit has however declined by 2.6% to 412 million, within the scope of the downturn in work due to a climate of increased competition.

The investors also will keep an eye on Sanofi-Aventis. In the showdown, which contrasted with Genzyme, the CEO of biotech company judge, in an interview with Reuters, the high probability of finding an agreement on an offer from Sanofi on American group. However, he reiterated that Genzyme will not accept the proposed price of 69 dollars per share.According to sources close to the U.S. group will not negotiate at least $ 75.

PMI manufacturing program

On the macroeconomic front, the meeting will be especially marked by the publication of the manufacturing PMI in France (8.45am), Europe (11:00) and USA (16 hours), and the ADP survey which will give a first overview the situation on the labor market in the U.S. before the official data on Friday.

Other important indicators: the numbers of the car market in August in France (12:00). In July, new car registrations fell by 12.9% compared to last year, and 15.4% for the only French brands.

A shareholder suit against L'Oreal Banier

July 20, 2010 - 12:31 pm Comments Off

The complaints are increasing in the case Bettencourt. A shareholder of L'Oreal, the group of Liliane Bettencourt, filed a complaint against the photographer François-Marie Banier, close to the billionaire, saying that he had received a contract of convenience from 4 million euros from the company , said Tuesday RTL.

A complaint against X for abuse of corporate assets has been filed with the request, a shareholder of L'Oreal by Frederik-Karel Canoy Me, a lawyer specializing in the defense of such shareholders harmed by embezzlement.

Mayor Francis Banier won in 2002 "contract of 405,000 euros per year for 10 years, which plans to pay the photographer for" fashion tips and artistic sensibility "and a major exhibition of works by year the person, said the radio."It was a bounty, a favor" and "it is estimated that this contract has been only partially fulfilled" by the close of Liliane Bettencourt, Mr. Canoy said. He added: Francois-Marie Banier "would not have known Ms. Bettencourt, he would not have benefited from this contract."

"Life insurance contracts, checks, Master paintings"

Francois-Marie Banier is convenient for several years by Liliane Bettencourt, met in 1969. According to the photographer and the millionaire, complicity during the course sits on a convergence of temperaments cash advance no fax. But after the daughter of a rich heiress, Françoise Bettencourt Meyers, which has itself filed a complaint against the photographer for "abuse of weakness" financial interests are at stake

Françoise Bettencourt Meyers estimates that the photographer of the stars would have been back almost one billion euros in donations – including life insurance contracts, checks, master paintings – in the 1990s and 2000s, taking advantage of the psychological fragility of the octogenarian. A thesis denied by the person, which ensures that these gifts were made to him by a "brilliant woman and free."

The photographer should be tried in this case in early July by the 15th Criminal Chamber of the Court of Nanterre.But his trial has been postponed indefinitely because of the twists arising from the disclosure of conversations between plays Liliane Bettencourt and her family.

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The Tokyo Stock Exchange at the lowest of the year

July 1, 2010 - 8:57 am Comments Off

New session in the red for the Tokyo Stock Exchange, the largest in the Asia-Pacific. On Thursday, the Nikkei index lost another 2.50% less than an hour of closing at 9147 points, its lowest level this year.

The bad behavior of Wall Street the day affects the morale of investors. Especially in the Standard & Poor's 500, which yielded 1.01% to 1031 points, and pushing the major support of 1040 points.

In Tokyo, the upward trend of the yen against the dollar and the euro affects the titles of exporting companies, prompting investors to discard.

Market participants also seem to have overlooked the results of well-oriented business confidence survey (Tankan), conducted quarterly frequency by the Bank of Japan (BoJ).The Tankan index of confidence among large manufacturers in Japan has had a positive effect in June for the first time in two years, rising 15 points over March to a point, according to the Bank of Japan (BoJ). This result confirms hopes of a return of the second world economy, whose growth is being driven for months by exports to Asian countries and emerging economies, notably China.

Crude prices were also driven lower on Thursday in electronic trading in Asia, following a rise in gasoline stocks and a slowdown in net new jobs planned for the month of June in the United States.

In morning trading, a barrel of light sweet crude for August delivery was down 77 cents at 74.86 dollars a barrel, while Brent North Sea for delivery in August, gives 50 cents to 74 $ 51.Wednesday on the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for August delivery ended at 75.63 dollars, down 31 cents from the previous day.

Airbus A350: the countdown is activated

April 23, 2010 - 9:40 pm Comments Off

Wednesday, April 14 at Nantes, a stone's throw from the airport by a cool sunny morning. Representatives of airlines, the future Airbus A350 XWB (extra wide body) were invited by Didier Evrard, program director for a route point. The program includes site visits and workshop "composite" which have already left the four panels of carbon fiber for the first aircraft and MSN 1 MSN 2, the five who will participate in test flights from 2012 .

Since the program started in 2007, Didier Evrard regularly inform the 33 airlines that have ordered 530 copies of the long-haul new generation. No way to disappoint after repeated delays of the superjumbo A380.

30% to 35% of the activity term

Nantes Why? Because that's where it all begins lorsqu'Airbus manufactures aircraft.Ironically, the site where you never see it because the factory is specialized in large parts, called simple. Once assembled, they form the center wing box, also called "section 21" which will set the wings and the beam waist, the keel beam that runs throughout. These two major structural elements bear the expenses of the aircraft and the aerodynamic forces.

Nantes, with its 2,000 employees, is also one of three centers of excellence composite aircraft manufacturer with Stade in Germany and Illescas in Spain. It was here that made the first piece of carbon fiber series December 4, 2009. It is also here that are developed – in conjunction with teams from Technocampus, integrated industrial site – prototypes capable of "dress" the applicant signs the "carbon fiber plies.The A 350 count 53% composite materials, and even 80% off systems, against 45% for the 380. "The composite can not only divide the weight by three parts but also reduces noise by 30% leaving the engine through a composite panel made from a single block. A unique expertise in the world, "said Michel Plantard, head of production.

In Nantes, which works upstream – 1.5 to 2 years – the final assembly as in all European plants of the manufacturer, the countdown has begun. "The timetable is tight. We must deliver the first caisson in Saint-Nazaire in the first quarter 2011 so that the Toulouse final assembly begins in the third quarter of 2011 and the first customer to be delivered mid-2013, "says Jean-Claude Schoepf, director of Nantes site.In Saint-Nazaire, the section 21 will be assembled in section 15, the composite central pavilion, a room of 32 meters long, whose manufacture has been outsourced and entrusted to the American Spirit, while the German factory in Hamburg deliver elements of the fuselage.

Once kitting is complete, the device will be assembled in Toulouse in a brand new warehouse to be delivered in September. "The issue is important because the A350 is expected to represent 30% to 35% of activity for both Airbus and our website, where just under 500 million euros have been invested for the A 350, "insists Jean-Claude Schoepf.

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The news of the return

April 20, 2010 - 1:08 am Comments Off

This is the chore of spring fill the tax return. "It is very important that taxpayers do not spend too much time," even insisted Monday the Minister of Budget, Baroin at the press conference presenting the income statement of 2009. These forms will be sent between April 20 and May 5 to 36 million taxpayers. This year, the new measures primarily enable the administration to save money!

A revised schedule

This is the main innovation of 2010: Targets for declaration online no longer depend on the area of school holidays (A, B or C) but the department. Residents departments numbered 1 to 19 (of Ain Corr?ze) have until June 10 at midnight to Electronic Filing, those departments from 20 to 49 (of Corsica in Maine-et-Loire) until 17 June and all the others until June 24This reform simplifies the task of tax authorities, which will not need to prop up on changing the dates of the holidays. Electronic Filing on impots.gouv.fr is open from April 26.

Proponents of the paper have them until May 31 to return their declaration. This year, households will receive a single paper return. Without wishing to send two such until 2008, Bercy saves 360 tonnes of paper and 1.7 million euros.

A "GDI" to send

The pre-filled boxes are the same as last year: salaries, pensions and "income from securities and movable capital (income from life insurance, stocks …). Moreover, the tax would ask those who do not pay by bank transfer to state their bank loan no payday instant TeleCheck.Thus, the administration shall reimburse the taxpayer (for the earned income tax, the shield, tax credits) by transfer rather than by check. The 8 million checks sent each year by the tax cost him 5 million euros in printing, paper and postage. But this demand for bank details (RIB) is optional, not mandatory.

Family autoentreprise: new boxes

Under "marital status", the taxpayer must check a new box if one has raised a child for at least five years.

To qualify for the additional half-share, it will also make a sworn statement. Children in alternative custody this year are to be reported in the main declaration, and not in the supplementary declaration.In the latter, a category "autoentrepreneurs" was created.

Phone: Bercy hangs

Like last year, taxpayers no longer need a certificate so they can remote declarations from any computer. The number of remote declarations rose from 7.4 million in 2008 to 9.7 million in 2009. Baroin in hopes more in 2010. However, validation by phone is abandoned: only 5 000 taxpayers had used last year.

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The United States begin to create jobs

April 3, 2010 - 4:25 am Comments Off

This is the best figure since the beginning of the crisis. The U.S. economy created 162,000 jobs in March, according to the Ministry of Labour. Economists s'attentaient to nearly 180,000 net new jobs. The unemployment rate, calculated on a different basis, it has remained stable at 9.7%.

In addition, the Ministry of Labour has revised upward the employment figures for January and February, respectively, and -26,000 to 14,000 -36,000 to -14,000.

Despite renewed dynamism of employment statistics, the number of long-term unemployed (more than 27 weeks of inactivity) rose 414,000 in March, reaching a total of 6.5 million people.44.1% of the unemployed.

In detail, the manufacturing sector has continued to create jobs in March (17 pay day loans cheap.000), bringing the number of net new jobs to 45,000 since the beginning of the year. The construction has also created 15,000 jobs. This sector, badly hit by the crisis, has destroyed an average 72,000 jobs per month over a year.

Employment also was shot by a temporary effect: recruitment for conducting the census of the population (48,000 posts).

In contrast, the financial sector has destroyed 21,000 jobs in March. The information sector also registered a negative balance of 12,000 posts. "The pace of job creation is accelerating," say the economists in a note from Societe Generale. "We should observe net gains of 200,000 jobs per month during the second half."

Brokers seduce 22% of French

April 2, 2010 - 1:22 am Comments Off

Despite the crisis, credit brokers have limited the damage in 2009. According to the results of a TNS-Sofres at the upcoming National Real Estate * Meilleurstaux.com for the total amount of loans obtained through a broker, or about one quarter credits – showed a limited reduction of 7%. At the same time the total amount of mortgages granted fell from 140 billion euros in 2008 to 110 billion euros in 2009, falling by 28%.

Fear of rejection

Sandrine Allonier, head of economic studies at Meilleurstaux.com, believes that this resistance is partly cyclical brokers. "In a context of tightened credit conditions for some new borrowers for fear of their project, refused to turn to brokers, not just to get the best loan terms but to find a funding solution" .22% of 1087 respondents by TNS-Sofres and intend to use a broker rather than going directly to banks when they want to borrow. The proportion rises to 26% among persons belonging to AB + (executives, entrepreneurs, professionals, craftsmen …), target population brokers bad credit payday loans. People under 35 are also more attracted to this financing solution as their elders.

Time and money

Save time and money, remain the main hopes of the French who choose to go through a broker to obtain a mortgage. Among those who intend to use one of them, 89% will also for this purpose.Benefit from expert informed, more competitive rates and quick responses to their requests are the other benefits granted to brokers. According to Christian Camus, CEO of Meilleurstaux.com, 50,000 people to file a monthly record of credit application on its website.

* The National Real Estate Fair will be held from 8 to 11 April 2010 at the Parc des expositions, Porte de Versailles.

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"Lyon is a notch above"

March 30, 2010 - 5:17 pm Comments Off

Economic models of these two clubs are comparable?

Both charts show the athletes quite similar, even if they were composed at different times. Lyon as Bordeaux also grow dynamically, while carefully managing their capital players. However, the economic potential of Lyon is a notch above that of Bordeaux due to the size of the city. To qualify for status as a major in Europe, must now have a stadium of 50,000 seats, which regularly displays full, hence the importance of the draft stage for Bordeaux and Lyon, with a potential audience as superior to the Lyonnais. Another difference, OL (Olympique Lyonnais) has managed to build a recurrence sport Champion's League, an area where Bordeaux is being established gradually.Meanwhile, 20 to 30 million euros more in a budget generated by the European TV rights, it makes a difference.

Which levers can build the two clubs?

Whether Lyon or Bordeaux, they have little choice to increase their TV rights to show that performance on the European level. This will happen this year because a French club is guaranteed to be in the semifinals of the Champions League fast payday loan no faxing. Another area of growth will require both improved revenue per game. Today Lyon and Bordeaux to generate 50% more revenue per game less than their main competitors. But the real leverage is on the ticket and the additional revenues generated within the stadium.The filling ratio of Lyon is close to the maximum but in the case of the Girondins, it is still important to retain viewers. The rate of filling the Stade Chaban-Delmas this season rose to 85% against 78% in 2008-2009 (full season) with an average attendance of 29,000 spectators.

Why the French clubs n'animent they not periods "mercato"?

The French clubs are not in the position of "market makers". They do not effect sufficient financial resources to attract the players they want. For one simple reason: the players want to move to clubs who have been dreaming when they were children. But Lyon did not like Bordeaux is in this category at the international level, in the 90s.

Axa will leave Wall Street in ten days

March 17, 2010 - 12:58 am Comments Off

Ten days. This is the time remaining to AXA shares for a listing on the American Stock Exchange, the New York Stock Exchange. As announced January 25 last, the French insurer plans to leave the financial markets overseas March 26. Axa filed in that document with the Securities and Exchange Commission (SEC), the U.S. markets. Unsubscribing should be effective within 90 days.

Axa has been listed since 1996 in New York through ADS (American depository shares), certificates of deposit. "Subsequently, the ADS should be negotiated on the market for U.S. OTC (TBT) and will be quoted on the OTC platform QX low interest rate personal loans . The quotations are available on www.otcqx.com "warns a statement from the group.

As for Allianz, which has its withdrawal from the New York Stock Exchange, AXA believes that the liquidity and volume traded on the NYSE were not developed. "The market has not developed sufficient liquidity to be attractive for most institutional investors, who continue to prefer our primary market of Euronext Paris, justified, in January, Chief Executive Henri de Castries.

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Companies want to encourage the loyalty of their small shareholders

February 10, 2010 - 1:12 am Comments Off

"We are exploring ways to provide benefits to small holders faithful, these solutions exist, and we're working on." That was the message delivered by Pierre Bellon, the boss of Sodexo at the last general meeting of the group that denounced the attitude of speculators "that enter and leave."

How to build a strong relationship with individual shareholders? The question hangs over the board: whether to protect themselves from the vagaries of the Stock Exchange or the appetite of a rival, small holders, shareholders are stable and frequent strong allies. For loyalty, companies are using every weapon at their disposal. And to fly, nothing can replace the hard cash.

The payment each year of a generous dividend, indicating a continuous and healthy growth is certainly the most effective way to reward its shareholders.For the most faithful, "who hold their shares for more than two years, companies may pay a dividend plus a maximum of 10%," explains Eric Bleine, Director General of JRC Asset Management. "These same shareholders may also benefit from plans to award free shares also increased to a maximum of 10%.

Another lever: the right to vote can be doubled beyond a certain period of detention. Another technique that has proved itself: shares in registered form, directly into the records of the company make quick cash .

A variety of tools

For the latter, the advantage is huge. It clearly identifies its shareholders and can detect any movement in the capital, where a significant proportion of the shares are registered in the nominative, as is the case with Michelin, Lagard?re or Air Liquide.For the holder of action, the advantage is twofold: It is generally exempt from payment of custody and is constantly informed of the life of society. In the world of action "father", some titles are in a privileged position as Air Liquide and L'Oreal, darlings of small shareholders. "Among the 410 identified 000 individual shareholders, more than 150 000 were registered," says one from Air Liquide. Its main recipe: distribute generous dividends.

But the group uses almost the entire range of tools at its disposal with many levels of distribution of free shares, plus dividends and many buybacks. L'Oreal led until a different policy focusing mainly on the growth of its shares to pamper its shareholders.But now the group has decided to go further by also rewarding its loyal shareholders with a bonus dividend. The first will be paid in 2012 for profit in 2011.