Even the market is affected by the economic crisis. Indeed, according to research firm Xerfi published Monday, the organic food market will grow more slowly in coming years. Main reason: the deteriorating economic conditions resulting in a decrease in the purchasing power of households. "With the crisis, consumers prioritize while prices of organic products are higher than those of traditional foods," said Xerfi. Result: Sales of organic products should no longer move as "5% in 2012, 8% in 2013 before returning to 5% in 2014 and 2015, according to estimates by the firm. With a turnover of 4.5 billion euros on that date. " In 2011 sales in this market segment posted 3.65 billion euros against a little over $ 2 billion in 2008.  

It was between 2006 and 2010 that the market for organic products has seen its best years of growth, with rates between 10 and 20%. What stir the appetite of major retailers that since has continued to expand its range of organic and glean new customers compared to retailers and specialty networks. So much so that today 47% retail market share. An influence that may still grow.

The hypermarkets always looking of the lowest price, should benefit from this startégie to attract new customers. A strategy that is even more effective in a context of economic crisis. Mass distribution should surpass the 50% in 2015 while the share of experts, networks and independent, should decrease to 30% in 2015 (48% in 2005) concludes Xerfi. The remaining organic food no matter what a niche market.

Other European markets followed the same trend. The London Stock Exchange rose 1.03%, the Frankfurt from 0.55%. The place was awarded Milanese 0.74%. Of the European indices, the STOXX 50 was up 1.37%. On Wall Street, the Dow Jones gained 0.21% in session and the Nasdaq 0.64%.

An hour before the close, Silvio Berlusconi, won a vote to test the Chamber of Deputies with the abstention of the opposition. However, he lost the absolute majority and is thus a little more fragile still.The group reported before trading a net profit, down nearly 31% to 622 million euros, but above expectations fast cash advance. The bank also decided not to distribute a dividend to its shareholders for the year 2011 to strengthen its capital base without recourse to the market and public money. In its wake, other bank stocks also rose as Credit Agricole (0.82% to 5.14 euros) and BNP Paribas (1.79% to 31.32 euros).

Lagardère (-6.19% to 18.49 euros), with sales falling almost 6% in the third quarter, down for the second time in less than three months its earnings forecast for 2011 .

Thales (0.74% to 25.30 euros) confirmed its targets for 2011 and 2012. Sales for the nine months stood at 8.61 billion euros, down 2%. The advocacy group also just to get along with Safran on an asset swap.

LE FIGARO. – The bidding on licenses 4G is attacked. Will you give up?

Eric Besson. – The State Council will vote Wednesday. Expect. But thanks to this call for nominations, France will be part of the forefront of the mobile broadband Internet. The government is selling rare frequency of the highest quality, which all countries say they are strategic. We do this with the twin goals of coverage and stimulating competition, the benefit of consumers. Traders feared that a monopoly or duopoly is not recreated.But this call for applications is the first to include criteria as pro-competitive: the creation of four lots so that all current operators can expect to find their place, creating a criterion favoring offers to host virtual operators. We have gone as far as possible to encourage competition. But we also need strong operators, able to achieve very significant investment for years to come, both for the deployment of mobile broadband as that of the optical fiber.

How will you deal with interference of DTT by 4G?

As has always been the case in all countries of the world, a trader who buys frequencies is liable for any interference that they can generate. We assess that risk to less than 2% of households.To facilitate the processing of any such interference, the government will establish a single telephone number, with a small call center, so that individuals can report any such interference on their TV and get the linkage with operator responsible. This device will be funded by all operators at a rate of 2 million euros per year for five years.

You advocate for changing the standard of TNT. Chains bonus going to be frozen, and consumers will they have to buy a TV?

I am not campaigning for anything, and there will be no change in standard of TNT in the coming years. The French continue to receive 19 free channels and 10 pay channels of TNT, with no changes.What we're talking about is the next step, and new services to be launched in the coming years: new TV channels, personal mobile TV, 3D TV … The question is whether these new services will use the older DVB-T or the new DVB-T2 which allows to get 70% extra services. Chains on bonus, not the government that calls into question, but the European Commission, which initiated proceedings bad credit payday advance. It would be irresponsible to issue permits for them to be canceled two years later, and that the state is then ordered to pay $ 800 million to 1 billion euros in compensation.Let the president of the CSA put its proposal and the prime minister officiate.

Packages Unlimited Internet at home are at risk?

The unlimited plans are at the heart of the development of the digital economy and are not threatened, quite the contrary. New unlimited call plans appear almost every week. Some operators have started to consider to better segment their offer, which does by no means the end of the unlimited. With the development of very high speed, there will be even more unlimited in the months and years to come.

How do you protect consumers?

We have set up with the social tariff Frédéric Lefebvre mobile phone, which allows 40 minutes to communicate and send 40 SMS for less than 10 euros per month.We will implement in the coming days the social tariff of the Internet, or 20 euros per month for telephone and broadband Internet, plus 3 euros per month for a box. We will sign an initial agreement on September 13. The order that I issued on August 26 also includes important measures as the establishment of an impartial mediator to each operator, the requirement to obtain consent from consumers for the automatic sending of commercial messages or for the establishment of witnesses navigation.

What are the issues you organize inter-ministerial seminar on October 21?

This is progress in the implementation of the declaration of Deauville.Networks (both funding and security), protection of personal data and the fight against the digital divide will be on the agenda.

What do you think of socialist proposals on digital?

The project of the PS is archaic. It is based on a tax Internet access, known as "socially progressive". Internet access will be paid based on their income! The PS also wants to abolish Hadopi and create a global license. This proposal has been accepted anywhere in the world. This would be the end of copyright in the land of the cultural exception! The PS also provides for the creation of a single public operator for the deployment of high-speed fixed and mobile. He still has not understood that the introduction of competition was the key factor in broadband deployment and growth of the digital economy.

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Meanwhile, the stock market should continue to pick up a few points to be closer to the threshold of 3200 points.The session will be punctuated by two indicators are expected before the close of the Bourse de Paris: the index of consumer confidence but also the German weekly claims for unemployment benefits in the United States.

In France, unemployment figures and job seekers for the month of July will be published after-hours trading to 18 hours. Labour Minister, Xavier Bertrand, expects the unemployment figures "are wrong as were those of the previous two months."

Sharp decline in quarterly profit of Crédit Agricole

On the corporate side, the ball of the results continues.

Crédit Agricole has published a net profit down 10.6% to 339 million euros in the second quarter 2011, due to a charge of 640 million related to Greece.In addition, the group could spend 1.5 billion euros to recapitalize its subsidiaries in Southern Europe including the Greek bank Emporiki, according to the Letter of expansion without citing sources cash advance. half-year results of companies, including Credit Agricole and Edenred, the branch of Accor Services.

Edenred announced interim results and annual targets in line with analysts' expectations, the strong activity in Latin America continue to boost the profits of the group.

Cellectis has entered a development agreement and license with the American Recombinetics on "the creation of transgenic large animals" such as pigs, sheep or cattle.

Schneider announced his bid for Telvent Git SA expire 30 August instead of September 12.

Gemalto has reported a strong growth in its half-yearly sales, thanks to the strong growth of its secure transactions that are now the most profitable activity of the group.

Bureau Veritas announced adjusted net income up 10% to 164.2 million euros in the first half, operating margin declined 70 basis points to 16.0%, and confirmed predict a sharp increase in the number and business results in 2011.

Oil prices rise

Oil prices were up Thursday morning during electronic trading in Asia, in a market sensitive to the situation in Libya and cautious speech eagerly awaited the head of the U.S. central bank (Fed).In morning trading, a barrel of "light sweet crude" for delivery in October has appreciated by 14 cents to 85.30 dollars per barrel of Brent North Sea crude for October delivery took 21 cents to 110.36 dollars .

If the folder Greek reassures the issue of sovereign debt in Europe remains. However, in Ireland, the country is on track to meet its goal of reducing the deficit for 2011, with a deficit in the first half of 10.8 billion euros, in line with forecasts, assured the Irish Minister for Finance, Michael Noonan. In addition, the goal of 34.9 billion euros in revenue in 2011 "remains doable," he said.

On Tuesday, is expected at 9:50 Markit composite PMI index.In the euro area, opn know retail in May to 11 hours while in the U.S. industrial orders in the month of May will be known 16 hours. On the currency side, the euro was down 0.42% to 1.4480 dollar.

First trading day of Dia in Spain

Carrefour. Tuesday is the first day of trading of the shares Dia, a subsidiary of Carrefour, the Madrid Stock Exchange. In addition, the shareholders of the holding Wilkes, who controls the Brazilian Grupo Pão de Açúcar (GPA) will meet on August 2 to discuss the proposed merger with Carrefour, said in a statement released Tuesday no fax pay day loans. Wilkes is controlled by Casino, current partner of GPA and fierce opponent of the approximation of the latter and its French rival Carrefour, and the family of Abilio Diniz investor.

PPR.The French group distribution and luxury becomes the majority shareholder, with 50.1% of Swiss Sowind Group (brands Girard-Perregaux and Jean Richard) to strengthen in the field of fine watchmaking. The operation will be done through a reserved capital increase of Sowind Group, which will be fully underwritten by PPR.

Yellow Pages. The group of French directories announced that he could not meet its objectives in 2011. Yellow Pages originally expected to maintain its sales and operating margin stable. The company explains that social movements, which severely disrupted his business last month, could affect its revenues to the tune of twenty million euros.

Bombardier. The Canadian manufacturer of trains should announce job cuts at its site in Derby Litchurch Lane, in Great Britain.British trade unions have called for negotiations, but the measure could actually reach 2000 posts in this factory which employs 3,000 people. Bombardier justifies this decision by the loss of a major contract in favor of Siemens in the UK.

Publicized announced a majority stake in Spillmann / Felser / Leo Burnett, one of the leading advertising agencies in Switzerland.

The case was not even interesting for the French bank that has faced very disappointing returns in 2010.Thus, the value of the three financial products is increasing between the first and second quarters last year, 1.8 billion dollars (1.27 billion euros) to 1.05 billion. The only funds specializing in Europe, Soc Gen Europe Medium, which alone weighed 1 billion dollar saw its value drop by 43% to 498 million.

BNP Paribas, JP Morgan, Goldman Sachs …

The French bank is obviously not the only one who sows the seeds of funds from the Libyan regime. The names of several banks are well surface, which another French BNP Paribas, as well as American as JP Morgan and Goldman Sachs and Credit Suisse and Britain's HSBC. In total, these financial institutions managed almost $ 5 billion in assets (3.5 billion euros) over the 55 billion dollars of financial assets of the LIA.Overall, losses collected by these funds would be heavy: their value would be increased from 5 to 3.5 billion dollars last year.

But for NGOs, collected more than the losses is the involvement of these prestigious institution in managing the funds of a scheme which is now discredited defendant. "It is striking to see how many large institutions were ready to do business with the Libyan regime, knowing the potential risk of misuse of state funds for personal use," says Robert Palmer Global Witness, in the columns of the Financial Times.

In his defense, Societe Generale said it acted legally and accurately manage the investments of several state funds in the same way.Remember, the banks and financial institutions held 8.233 billion Libyan dollars (5.84 billion euros) in deposits and loans from French banks to September 30, 2010.

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Alternately, Rhodia and Arkema unveiled a sales growth of 28% for the former and 33% for the second, at 1.77 billion and 1.5 billion euros. On both sides, the Guidelines highlight the sustained increase in volume, about 7% to 9%. In an interview with Le Figaro, Thierry Hénaff, CEO of Arkema, confirms that "the global environment is a carrier for chemists", referring in particular to the dynamism of emerging countries. Yet both groups are very active in high-growth countries.

Historically, Rhodia has developed in Latin America, particularly Brazil, and China.In total, emerging economies account for half its turnover. For his part, Arkema has focused on Asia, especially on China. With 20% of sales in the Asian territory, the group has therefore also a growing market. "In Europe and the United States, we see no sign of abating" moderates Jean-Pierre Clamadieu, the CEO of Rhodia, commenting on trends in other markets.

A positive pricing-power

Beyond these sustained volumes, the French chemists have now the choice made in the mid-2000s, to reposition their activities, and evolve their product lines towards products "performance" or "specialty" in very high added value.For example, include bioplastics produced by Arkema, to limit the weight of cars and therefore reduce the energy consumption of automobiles. For its part, Rhodia offers silicas for tires also reduces energy consumption, or compounds of high performance detergent products or cosmetics (shampoos, detergents …)

This positioning of substitutable products hardly makes them less sensitive to economic fluctuations, the chemists called "core" whose activity is based on the sale, in very large tonnages, minimally processed materials.

This choice also allows both groups to move more easily to their customers of price increases, a critical factor in a context of rising prices of intermediate raw materials, used in the manufacture of their compounds.This "pricing-power" allows them to maintain profitability, while according to Thierry Hénaff, "the raw materials we use have increased on average by 30% over the first three months of the year and sometimes up to 50 % for some petroleum derivatives quick payday loan.

Rhodia, this rise affected negatively for about 100 million euros on EBITDA (EBITDA). "But our pricing-power has led to a positive 51 million euros on EBITDA" said Jean-Pierre Clamadieu. In the first three months of the year, EBITDA recurring group reached 283 million euros, up 28% (margin of 16.8%), while at Arkema quarterly EBITDA reached 287 million euros. Having more than doubled in one year, it shows a margin of 16.6%.On both sides, net income reached a record 151 million euros.

Faced with these early indications of financial year, the leaders were rather confident for the rest of the year. Arkema Hénaff Thierry should not give targets for the year before summer, but said that the second quarter will be a continuation of the first, with fiscal 2011 "very likely higher than last year already historic for our group. " Rhodia, the annual target of a recurring EBITDA of one billion euros for 2011 was revised to "more than 1 billion euros."

Positive stock market reactions

At the Paris Bourse, investors applauded the figures above expectations. Arkema clinching the title with 4.60% in mid-session (71.8 euros), bringing its increase to 35% since the beginning of the year.Since the IPO just last 5 years (May 18, 2006), the title has been multiplied by more than 2.

For its part, the title being fed Rhodia very logically from 0.16% to 31.53 euros, the title remaining aligned with the price of the friendly takeover announced in April by the Belgian Solvay at a price of 31 60 euros per share. The offer, which should be open in June, would allow both groups, if successful, to form a new group of about 14 billion euros in turnover, for estimated EBITDA of EUR 2 billion .

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Without a vote of Congress to raise the maximum amount authorized in outstanding debt today of 1429 billion, the Treasury is indeed found quickly running out of ways to prevent America falling into default.Now this event would trigger a serious crisis of confidence as the global financial system based on the principle that Uncle Sam by definition always pays his debts.

In a letter to leaders of the House of Representatives and the Senate, Tim Geithner said that in his view, there is an urgent need to raise the debt ceiling by May 16. Otherwise it is forced to take extraordinary measures to limit government bonds and earn a little time. The reason for the additional period of one month is estimated by the Treasury relatively good news: the fiscal revenues are higher than expected.

Republican obstruction

However, it is unlikely that Democrats and Republicans agree fall before May 16 on a package of budget savings.Tim Geithner is preparing to suspend certain loans made on behalf of local communities and states. The Treasury had already arrived at this end in 2006 and 2007. Even then, Congress was reluctant to raise the debt ceiling.

But at the time the Democrats were the resistance against President Bush. They called for higher taxes on the rich. Barack Obama, the Illinois senator, had even voted in 2006 against raising the ceiling. Today, it is the Republicans who are filibustering. Majority in the House of Representatives since January, they require substantial reductions of public expenditure.

Their leaders are conscious of playing with fire by letting approach the fateful date of a possible default.But they are equally sincere in saying that raising the ceiling systematic debt without cuts in spending has finally put the U.S. in an untenable financial situation. They are joined in their efforts, especially in the Senate, by many centrist Democrats. All were alarmed about the risk of loss by the U.S. of its AAA rating. That, however, three years that the U.S. budget deficit between 9 and 11% of gross domestic product (GDP). Worse, medium and long term, even with a return to sustainable growth, this deficit will not recede fast enough. At the direction of Barack Obama, Vice President Joe Biden will begin negotiations with Congress on Thursday. The White House wants them carried out independently of raising the debt ceiling. The Republicans did not intend it that way.

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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