Carrefour revives positive accounts. In late June, the retailer announced that it achieved a profit of 67 million euros. Last year at the same time, the result was in the red to the tune of 48 million.
Good performance on the Paris Bourse
For Natixis, these results are no surprise. Same thing for CM-CIC said in his note published Tuesday that operating profit is consistent with the guidance provided in mid-July. Finally, analysts of U.S. bank Citigroup raised their recommendation on the title of French retail group Carrefour to "buy" cons "hold" before.So, Carrefour shares, which are the only ACC 40 to move in the green, gaining 1.07% to 36.49 euros in a market down 1.14%.
Operating income before non-recurring items amounted to 1.096 billion euros, up 7.6%, SPECIFYas release, is better than the expectations of analysts who had forecast a rise of 4% at 1, 05 billion euros.
Carrefour has confirmed its objectives for 2010, aiming an operating profit before non-recurring items of around 3.1 billion euros.Crossroads show in a still difficult solid growth in sales and operating profit before non-recurring items and we are on track to achieve the objectives set as part of our transformation plan, "said Chief Financial Officer Group Pierre Bouchut, during a conference call.
Continuing trend in emerging
We're quite pleased with the sales in July, a little disappointed by sales cons of August, "said Pierre Bouchut yet."The trend in emerging markets remains strong." In the second quarter, Carrefour has benefited from the dynamism of emerging economies to reach a turnover exceeding expectations, nearly 25 billion euros, up 6.3% offsetting a contraction in sales in Europe, mainly France, Belgium, Spain and Italy, as well as in other countries of southern Europe such as Greece and Romania.
The group, which seeks to save 4.5 billion euros over three years to improve its margins, said he also cut costs by 236 million euros in the first half of the year, a target of 500 million for all 2010.
Asked about the Asian assets of the group, Pierre Bouchut has refused to comment on reports about a possible sale of assets Malaysian, Thai and Singaporean group."We do not comment on such rumors," has said the CFO. "Our goal is to build on certain markets and over time, without doubt, take the decision to abandon certain other markets."
According to several sources, Carrefour tries to sell its assets in Malaysia, Thailand and Singapore to focus its efforts on China and India. This could generate some 800 million euros in the French distributor. PTT, Thailand first group in the energy sector, has already expressed interest in taking over the assets in Thailand.
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Choose fast cash advance lending company that would not require you to fax required documents.The crisis has played a role in accelerating power for China. Faced with the slowdown in traditional engines of the planet are the U.S. and Japan, the People's Republic sees himself propelled to the rank of second largest economy, instead of his neighbor nippon, but still far behind the United States. "China is already the second biggest economy, has said over the weekend Yi Gang, director of the State Administration of Foreign Exchange (SAFE), in charge of foreign exchange controls.
In an interview with the magazine China Reform and accepted by the site of the Safe, Responsible merely formalizes what everybody expected this year. The calculation is done quickly. In late 2009, the gross domestic product (GDP) of Japan 5070 billion was already closely followed by that of China, to 4980 billion.With an expected growth of 9.5% throughout the year and 11.1% in first half against less than 3% for its neighbor, the Middle Kingdom has probably exceeded that of the Rising Sun between April and June And this, ironically, even as the country tries to avoid overheating. Manufacturing production slowed further in July for the second straight month, thanks to measures limiting credit growth and real estate speculation.
The Chinese authorities do not brag with their new status as world's second largest economy, since many challenges remain before inevitably take the top spot in a couple of years, according to the World Bank. "The problem of China's economy is the quality of its growth.Why we must proceed with structural adjustment and transform our business model, "said Yi Gang, referring to the refrain that government consumption has to take over investment and exports as an engine of growth.
The gap will shrink
This ongoing concerns prompt the government to closely monitor all aspects of the economy, starting with the very sensitive political exchange. Referring to the convertibility of the yuan, Yi Gang made it clear that no timetable had been arrested. China becomes the heir of the world economy without having an international currency.
But Beijing is still more to paradoxes, mixing the issues of developing countries with those of a rich country. Imbalances continue to widen between rural and urban, rich and poor.Before he finished his economic metamorphosis, the Middle Kingdom is already old. Today, six active contributors per pensioner, they will be more than two in 2040.
In fifteen years, GDP per capita – U.S. $ 3,600 in 2009 – will probably still not caught up with its rivals, with $ 42,000 for the United States and 37,800 in Japan. But the gap is very narrow. Yi Gang expects Chinese growth between 7% and 8% in the decade ahead.
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Closing reassuring Wall Street yesterday gave a positive impetus for the Paris Stock Exchange on Tuesday. While Asian investors have been cautious, the CAC 40 chooses the path upward. The index advancing 0.91% to 4:20 p.m. at 3672 points.
The French markets are still worn by banking shares. Yesterday, the shares had already boosted the index, in response to the publication of results of stress tests on Friday. On Tuesday, they are top of the ACC: Credit Agricole takes 8.53% to 10.47 euros, BNP Paribas 5.71% at 53.91 euros, Societe Generale 8.06% to 43.21 euros and Dexia 7 02% to 3.86 euros.
Elsewhere in Europe, the increase also dominates. The London Stock Exchange ahead of 0.80% to 5394.10 points. The DAX index of the Frankfurt Stock Exchange is gaining 0.49% to 6224.60 points.
Yesterday the key index in Paris managed to keep the threshold of 3600 points despite an early meeting very hesitant.Good numbers of U.S. homes have played an especially comforting to investors. And on Tuesday, rebelote: the Case-Shiller index of home prices meets the individual operators offering. It rose more than expected in May in the United States, +0.5%. The month of May and is the second consecutive monthly increase, a trend that comes after two months of consecutive decline.
But the Conference Board index, published in 16 hours, fell for the second straight month in July fell to its lowest level since February, to 50.4 in July against 54.3 (revised from 52.9) in JuneAn advertisement that has a little cooled investors.
After trading, the markets will see the unemployment figures for the month of June in France.
In addition, the Department of Ecology has announced that the number of starts of new homes in France fell 0.3% for the period April-May to June, compared to the same period a year ago, while the number of building permits recorded an increase of 25%.
On the foreign exchange market, the euro continues against the greenback. Around 1530, the euro was worth just under $ 1.30, but the threshold was crossed earlier.
Publication Burst
On Tuesday, the publications will be honored at the Paris Bourse:
Danone (-3.65% to 44.63 euros) announced before market opening a current net profit in the second quarter of 848 million euros and a turnover of 4.386 billion euros.The group raised its sales target of 2010 and provides a comparable increase of at least 6% against at least 5% previously.
Altran (7.46% to 3.24 euros) has reported a turnover of the second quarter 2010 from 357.6 million euros (+2.3%). The group expects a significant improvement in the margin in the second half of 2010.
The Land of the Regions (-0.12% to 72.85 euros) published a recurring net profit increased 1.1% to 153.4 million for its first half, with rents of 264.1 million , up 1.7% at constant perimeter and an occupancy rate of 94.4%.However, its net asset value, excluding financial instruments, stood at 73.20 euros per share, down from late 2009 due to the distribution of a special dividend for 2009, consisting of 3 30 euros in cash and six Beni Stabili shares, 52.5% owned subsidiary acquired in 2007
Note that M6 (-0.14%) will announce its interim results to 17 hours. Vinci (+0.29%) and Fleury Michon (stable) publish their turnover in the period after the stock market. Compagnie des Alpes (-0.72%) will announce its third quarter revenues.Meanwhile, Air France KLM (+0.69%) will release first quarter results are as LVMH (-1.26%) will release its first half results.
Sanofi repulsed Klepierre sanctioned
The U.S. biotechnology company Genzyme has rejected a buyout proposal made by Sanofi Aventis (-0.58% to 45.32 euros) according to Bloomberg.
Capgemini (-0.91% to 35.05 euros) has announced the signing of a 6-year contract between its subsidiary Capgemini UK and Royal Mail Group Limited (RMG), the British postal service, for its service management computer.
Klepierre (-4.56% to 24.67 euros), revised down slightly its 2010 targets of current cash flow and rents, the prospect of austerity plans in Europe have slowed the recovery of consumption.The land has produced a net current cash flow per share down 1.7% to 0.99 euro in the first half.
ICADE (0.56% to 73.47 euros) on Monday announced a net profit in the first half more than eight times while its net current cash flow per share, affected by the low profitability of its development division, declined 21%. Icade should propose a special dividend payment of at least four euros in the second half, tied to sales of homes.
April Group (-2.83% to 19.77 euros), saw the decline in sales accelerated to 12.9% in the first half.This is explained by the group with a focus on its brokerage business, which should result in a decrease of 25% of the insurance business in 2010.
Finally, Technicolor (2.96% to 4.18 euros) received a firm offer from the private equity fund Francisco Partners for the acquisition of the "broadcast professional" Grass Valley.
Negotiations between the Ministry of Defence and Thales and Safran industry saw the standoff, reports the Tribune published on Friday. The discussions were intended to streamline the activities of inertial navigation and optronics the two groups failed last May, to the chagrin of Hervé Morin. The time for talking would be gone for the minister, who is now past actions by deciding to freeze the state contracts with two companies.
All contracts would therefore be blocked, except for rush orders, notably for French soldiers engaged in overseas operations. The amount of contracts outstanding for the year 2010 amounts to 300 million euros, according to a source close to the case examined by the Tribune.
Concern Thales
Thales is undoubtedly the most affected by the punishment of the Department.In addition, the group currently has to face the distrust of rating agencies dissatisfied savings plan of 1.3 billion euros that the industry announced last December, Moody's downgraded, earlier this week, the debt rating of the group's long term by one notch to A2.
The anxiety is palpable within the group: "We are heading for disaster," confides a source in The Tribune. The business daily estimated 135 contracts between the ministry and Thales could be frozen.
Safran, less dependent on state orders, is more serene. Its leader has displayed his optimism for the year 2010-2011, and reiterated his desire to remain independent, denying recent rumors of a merger with Zodiac.
After a year and a half after its establishment by the Minister Herve Nvelli SMEs, the results of self-contractor status is not all rosy. Apparently, the new regime seems to be a success. Since January 1, 2009, more than 500,000 people have created businesses under this scheme and, according to the Observatory of self-contractor, 85% of self-enterprises are still in business a year and a half after the creation of statute. Another favorable factor among 15% of enterprises out of the scheme, 8% have changed their business to another company status. Moreover, the Observatory notes that "self-entrepreneurship is an effective springboard since nearly one third of respondents would like to change its status in the short or medium term."And the average turnover is 830 euros per month among the 72% self-entrepreneurs who have sold or charged.
But upon closer inspection, the new status raises questions. The study teaches us that nearly one in ten self-contractor was forced to choose this status. In fact, some employees have opted for this scheme to keep their jobs. The creation of these self-enterprises thus substitutes contracts in CSD, even in temporary or permanent contracts. And for good reason, the statute represents a financial windfall for unscrupulous employers because the employers' costs will disappear.
However Observatory moderates this conclusion. François Hurel author of the report requested by Secretary of State for SMEs says that "self-entrepreneurship as a condition of employment by dishonest employers is fortunately very rarely practiced in reality.It must also be tackled as illegal and contrary to the spirit of the regime.
At the close Tuesday night, the CAC 40 gained 0.49% to 4053, 94 points, while that Wall Street investors were taking a break, despite the confirmation of the retention by the Fed to lower rates , between 0% and 0.25%, and has been d?bembre 2008.
On Wednesday morning, Asian stock markets are moving in the positive. This early morning, the Bank of Japan also announced that it retained its interest rates to 0.1%. The World Bank, East Asian development is driving the global economic recovery, but these countries need reform to enjoy sustained growth. The institution expects an increase of 8.7% of GDP in the area in 2010.
Rich economic news
Side Europe, INSEE and ISAE Ifo and its equivalents, will unveil their outlook for the second quarter of the year.At 11 hours, the GDP of the eurozone in the fourth quarter of 2009 (third estimate). At the same time, will be published the second estimate of the composite PMI services for the month of March, and prices for industrial production.
In the U.S., weekly stocks of crude oil will be reviewed by financial operators. Oil is quite stable in anticipation of these figures, but quickly approached $ 87 in recent days. Investors anticipate a rise in global demand. The Qatari Minister of Energy Abdullah al-Attiyah said Tuesday that it was not necessary to bring OPEC to discuss soaring prices at the highest in a year and a half low rate payday loans.
At 19:30, the Fed chairman, Ben Bernanke, will speak on "Economic Challenges past, present and future.A speech certainly scrutinized closely in the wake of its decision on rates. Any change of address would be taken seriously.
Finally, at 21 hours, the figures on consumer credit in the U.S. in February.
Using concrete for Renault and Daimler
The Franco-Japanese alliance Renault-Nissan and Daimler, the German manufacturer Mercedes and Smart have announced equity cross-holdings of 3.1%, and a broad industrial partnership. The Renault shares surged 3.86% to 36.87 euros at the close yesterday.
Carrefour prepares to leave Portugal, reports Le Figaro. The retailer will start selling the 524 hard discount stores it operates in this country under the banner Minipre?o.Their turnover has reached 915 million euros in 2009.
Rentabiliweb Specialist monetization of online and offline audiences, today announced it won a bidding group France Televisions in order to monetize the sites hearings France Televisions Interactive.
Deinove today launches his bid for the purchase of shares. Offer clot April 20 and the first titles will be on the Paris stock exchange – Alternext – from April 21. The "greentech" hopes to raise from 12 to 15 million euros in the financial markets to fund its research.
Maurel and Prom will publish its annual results after-hours trade.
The debate rages on German economic policy based on wage restraint and exports. His partners in the euro area accuse him gone it alone and have dug their trade deficits. But it turns out that all countries have benefited in their own way of the euro.
"The member countries have not taken care of the single currency, everyone has benefited the euro without worrying so much impact on its partners and the euro itself, analysis Laurence Boone, chief economist at Barclays Capital faxless cash advances. The reforms sought by Germany, European Monetary Fund, tightened sanctions against the country are a first-lax response to past excesses.
Pay at the supermarket with a map Ticket Alimenta?ao. It is possible to Brazil, the world laboratory industry services giant Accor for emerging countries. There, 95% of group tickets are paperless. If this case is still unique in the world, shopping, using products from Accor Services is already a habit for many citizens of Latin America. In Mexico, for example, families are disadvantaged, since 1983, to procure food in shops affiliated with Ticket Power.
Last year, the branch of Accor Services has achieved 943 million euros in sales in 40 countries, with 490 000 corporate customers, two thirds have fewer than 250 employees."Our top ten customers representing less than 5% of turnover," said Jacques Stern, Chief Operating Officer of Accor and future owner of the company focuses on services that will arise from the splitting of the hotel group in July. Today, 33 million users are using its services. Its two products will remain the tickets Restaurant and Food present in 24 countries (Mexico, Brazil, Chile …). They represented about 80% of the turnover of the industry in 2009, a figure broadly stable, despite rising unemployment.
Agreements with governments
In France, Ticket Restaurant claims leading position with over 35% market share before lunch check, Sodexo (Check Restaurant) and Natixis Headings (check table). For Accor Services is a profitable market, strong cash generation.The company receives because of commissions from businesses and merchants that accept Ticket Restaurant. That most of his earnings. As it takes between six and seven weeks between payment of securities by customers and their reimbursement by providers (restaurants, supermarkets …), Accor also generates substantial financial products guaranteed cash advance . Finally, each year, 0.4% of sales from prepaid sold but unused.
"In our business growth comes from the volume, explains Jacques Stern. Therefore one of our strategic objectives is to strengthen ourselves internationally, which requires new partnerships with local governments. "Last year, the branch Accor Services has signed such an agreement with the government Mali, which sought to encourage agriculture.It has launched a new ticket Agri, that farmers can spend in stores. Emerging markets already account for 40% of turnover (22% for France). Jacques Stern wants to continue to conquer the world. "Today, for example, we offer our food tickets in ten countries, there is a huge room for development, especially in emerging countries," says he. His priority in putting leading global Accor Services (40% market share before Sodexo), the controls of a listed company, totally independent of the Accor hotel. The change is immediately visible in a society becoming full-fledged branch Accor Services will change its name. "In people's minds, is associated with Accor hotels, not prepaid. We need to create our own brand, "explains Jacques Stern.Several specialist firms are working on the name of the new company, known until "New Services".
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The CAC 40 ended the week above 3900 points, to 3910.42 points exactly, powered during the afternoon of Friday figures on U.S. employment. This Friday, the Paris stock exchange has closed up 2.14%, slightly eroded after the previous day. The sessions Monday, Tuesday and Wednesday were marked by increases comfortable leading the progression of the weekly flagship index +7.3% at Paris, from a closing price last Friday of 3640 points.
The United States has published employment figures less bad than expected. The U.S. economy has destroyed 36,000 jobs in February, according to figures released Friday by the Labor Department. It is far better than economists' forecasts. The unemployment rate held steady at 9.7%. But it remains "inadequate", according to President Obama.At the time of closing in Paris on U.S. exchanges were directed upward, the Dow Jones arrogating 0.8% at 10,531 points.
Moreover, German industry has recorded a surprise jump in orders in January, 4.3%, according to provisional figures published on Friday that far exceeds expectations, thanks to a spectacular increase of 7.1% of domestic orders .
The DAX index of 30 blue chips of the Frankfurt Stock Exchange ended Friday up 1.42% at 5877.36 points against 5795.32 the day before closing. The London Stock Exchange closed higher Friday, the FTSE-100 index of leading values winning 72.60 points, or 1.31% over the closing Thursday at 5599.76 points.
After Market (in 21 hours), the U.S. figures reveal consumer credit.
Veolia Environnement in the single red
Veolia Environnement (-4.26% to 23.94 euros) said before market in 2009 have recorded a turnover of 34.55 billion euros, down 3.4% on year, down slightly higher than expected (-2%). The titles are the only ACC to be in red.
Still later publications, Areva announced Thursday after the stock market, a 2009 operating profit up 20% to 501 million euros. The turnover showed an increase of 6.4%, to 14 billion euros and net income group share for 552 million euros (-6.3%). The title has been 1.98%, to 352.3 euros. euros.
NicOx reported Thursday a net loss of 60.4 million euros in 2009, cons -73.9 million euros in 2008.The shares gained 1.01% on 5.98, having outperformed the broad trend in recent sessions.
The markets welcomed the gesture of banks
Side of EADS (+1.98% at 15.95 euros), the client countries of the military transport plane A400M and the European industrial group EADS in Berlin on Friday reached agreement on funding for this project has told AFP the French Minister of Defense Herve Morin.
The banking sector remained well oriented on Friday: Societe Generale (+4.83% to 44.95 euros) eventually leads the CAC 40, BNP Paribas (3.67% to 56.78 euros), Credit Agricole (3.19% to 11.66 euros) and Axa (+3.17% to 15.61 eruos) were searched. Following a meeting with Nicolas Sarkozy at the Elysee, the banks have agreed to reserve 96 billion in financing small and very small.
Casino (-0.38% to 60.20 euros) should start in May its pods, modeled on that of Nespresso. In France, the market for coffee pods is estimated at 1 billion euros, half for Nespresso.
Natixis (0.90% to 3.69%) is under the radar of the AMF. A book published Thursday reveals that the former officers have disclosed false information to markets, in October 2008.
In an interview with the Financial Times, the group's boss, Jean-Bernard Levy, said he was interested in the sale of a mobile frequency by the governor of Brazil. According to analysts, this would require an investment base of over one billion euros.
After a meeting on Tuesday closed at equilibrium, the rings on Wednesday renewed optimism substantial. Around noon, the Cac 40 displayed up 1.38% at 3662.5 points. The good mood is widespread in Europe, including the London Stock Exchange gaining 1.12% at 5168.1 points, the Frankfurt amount of 1.5% to 5579 points, and Milan climbing 2.54% to 21,346 points.
The prospect of a European plan to help Greece gives investors reason to smile again. Certainly at this stage, "there is no agreement," said a French source on the eve of the Brussels European Council must take a position on the budgetary situation of Athens.
But it is More than a single nation euro zone to avoid giving the green light for the backup plan. Germany, but could make his signature Thursday.
Long live economic news
On the macroeconomic front, industrial production in France fell by 0.1% in January compared to December, while in November it had gained 0.6%, according to figures published by INSEE. For Fr?d?rique Cerisier, economist at BNP Paribas, "the sharp drop in production of transport equipment (-4.7%) reflects not only the decline in automobile production (-2.1%) but also the aviation branch , naval and railway (-7.9%).After the strong rebound in the third quarter, this pause in the recovery of the activity does not mean that recovery is terminated, but it will be gradual and probably struck, she said.
Furthermore, the current account deficit narrowed in France in 2009 to 40.6 billion euros after 44 billion in 2008, thanks to lower energy costs, said Wednesday the Bank of France (BdF) .
Finally, the United States, the trade figures for December are expected on Wednesday afternoon, and the weekly inventory of crude oil and after-hours trade, the figures of budget execution in January. Governor Daniel Tarullo be heard before the Senate Banking Committee on systemic risks.After Hours, president of the Philadelphia Fed will discuss "Lessons from the global financial crisis."
Bad publications are ignored
The publications were many on Tuesday, and just generally reassuring. But the market is not so far achieved.
Arcelor-Mittal (-5.28% to 27.1 euros) recorded a net profit of 118 million dollars for 2009 and 1.07 billion for the fourth quarter cash advance . The metallurgist is the red lantern index in Paris.
PSA Peugeot Citroen (-1.97% to 21.87 euros, 2nd largest drop) announced Wednesday a net loss of 1.161 billion euros in 2009 against a net loss of 363 million a year ago, for a turnover 'sales down 10.9% to 48.417 billion euros.Natixis welcomes performance Faurecia and Gefco, but is very Decca automobile.
Sanofi Aventis (1.03% to 53.2 euros) recorded an adjusted net income of 7.8 billion euros in 2009 up 11%.
According to Le Monde, Renault (+0.27% to 33.4 euros) to consider building a plant near Algiers, which produce 50,000 vehicles annually for the local market.
Nexans (-0.86% to 55.32 euros) worldwide leader in the cable industry, has seen its annual profits collapse at 8 million euros, mainly due to restructuring and divestitures of businesses by group, and remains cautious for 2010.
EDF Energies Nouvelles (+4.82% at 35.85 euros) announced Tuesday a net annual increase of 39% and EBITDA up 47%.Gilbert Dupont went to purchase.
Apart from publications, the bank stand on the CAC 40, including Cr?dit Agricole, headlining, up 4.66%, to 10.85 euros. Axa rises of 4.13% and Societe Generale is 4.41%.
CAC Hors, Havas (6.71% to 3.08 euros, head of the SBF 120) on Tuesday posted a turnover decrease of 4.4% on an organic basis in Q4 2009, to 1441 million 'euros. Unrealized net budgets amounted to 1,270 million euros in 2009. The group has been identified by Goldman Sachs and Nomura.
Medica (+7.92% at 14.03 euros) announces that its IPO was a "success".The French and international institutional, meanwhile, have subscribed for about three times the size of the offer.
Theolia (6.25% to 3.23 euro) has published a turnover increased almost five in 2009 due to the resumption of sales of wind farms by the group.
Ubisoft (-1.72% to 9.66 euros) said Tuesday night "expects to return to profitable growth and a cash from operating activities positive" for the year 2010-11.
Vinci (+1.17% at 38.43 euros) on Tuesday announced acquistion of 89 contracts for parking company Interpark the United States through its U.S. subsidiary LAZ Parking.
Vilmorin (+1.29% at 79.86 euros) issued a turnover up 2.7% in the first half of 2009-2010 and has announced a joint venture in wheat seed in Argentina.