A work of art? A scupture? A monument? Attraction? Orbit wants it all at once. Red steel tower rising slowly in the sky Olympic Park East London thanks to the play of the cranes that circumvent the laws of gravity and set pieces that weigh less than 2.5 tonnes each. The London Olympics, which begin July 27, 2012, wanted their icon. It is made of red steel. That's at the Universal Exhibition in Paris in 1889 as the Eiffel Tower was built …
Nestled between the Olympic Stadium and the swimming pool, the work designed by Anish Kapoor, a British artist of Indian origin, will be the symbol of the London Games. The artist, whose recent work Monumenta at the Grand Palais in Paris, has conquered the public, could build this new project with Lakshmi Mittal, the chairman of ArcelorMittal.The steel giant from an original way and in the circle of second-tier sponsors of the Olympic and Paralympic Games. Cost of the adventure: 16 million pounds (about 18 million euros) for Arcelor Mittal, London, adding 3 million pounds.
A unique perspective
On site, a dozen people work to build, despite the often strong wind blowing from the Thames estuary, the giant Meccano imposes no engineer would have imagined. The sculpture, made of red tubular steel elements, already stands at over 80 meters high and it must reach 115 meters. It will weigh 1,400 tons. When everything is finished, an elevator will climb onto a platform boldly eccentric.The energetic can go down via a silver staircase winding around the tower.
The tower would house a restaurant and she will, when the Games are over, a unique perspective on the new district of east London that is emerging today. As the streets that Jack the Ripper haunted past are still among the poorest in London. The Olympics will enable a large-scale urban renewal. New life for London's East End which is the symbol of steel.
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Jul
14
On Wednesday too, the markets remain nervous, less than previous days but fail to forge ahead. After returning in the green mid-session, the Cac 40 remains anchored in the red mid-afternoon. Same atmosphere on the other major European markets. The FTSE-100 index ahead of 0.50% in mid-session at 5898.30 points. The DAX index gained 0.84% to 7234.30 points.
Caution remains the watchword. Rating agencies are maintaining pressure on fragile states. Degraded after Portugal, Moody's said yesterday that Ireland was also risky and that the country may need a new international support. The agency has pushed the debt of Ireland in the category of investment "hedge" by reducing the country's rating by one notch to "Ba1" with a negative outlook.Bond rates to 10 years in Ireland have crossed the 13% Wednesday morning, reaching its highest since the creation of the euro area.
A summit of Heads of States in the euro area is expected to take place this weekend. Aware of the seriousness of the situation, officials confirmed on Tuesday their "absolute determination to maintain financial stability in the euro area."
Lower start-ups in France
In this tense context, other macroeconomic announcements are often secondary. Investors, however, learn this morning that China's GDP has slowed slightly to 9.5% in the second quarter, less than analysts expected (9.4%). Retail sales in the country rose 16.8% in the first half and industrial production gained 14.3%.
In the U.S., the Fed has shown itself divided on the solutions to boost economic recovery.Some members called for the establishment of new flexibility in monetary policy, while others called for a tightening. All, however, have agreed on the fact that the recovery had slowed since their April forecast and estimated that the recent deterioration of conditions in the labor market was a concern. The minutes of the last Fed meeting will be published at 20 o'clock tonight. On the agenda also U.S. weekly oil stocks and the budget figures.
In Europe, industrial production in the euro area rose by 0.1% in May from the previous month, according to data released Wednesday by the EU statistics office Eurostat.It increased by 0.4% in the entire European Union.
In France, the number of start-ups fell by 10.8% in June from the previous month, after a sharp rise in May (29%) announced Wednesday the National Institute of Statistics (INSEE) . This brings out the creative self-entrepreneurs, adjusted for seasonal variations and the number of working days.
As for currencies, the euro has stabilized at 1.4061 dollars against 1.3974 dollars late Tuesday while oil drops. In morning trading, a barrel of "light sweet crude" for August delivery lost 41 cents to 97.02 dollars.The group warned it expects the same period a decrease of 23% to "about 760 million euros" from its current operating income, "primarily due to France."
Banking:
Banks respond well to ads in Europe.
Total: -0.40% to 38.67 euros
The oil company confirmed opt-out of the Consolidated Global Profit (BMC), which does not provide any tax benefit.
Sanofi: + 0.02% to 54.22 euros
The group and the American Regeneron Pharmaceuticals announced Tuesday that their experimental treatment Sarilumab allowed to show signs of improvement in patients with rheumatoid arthritis.
Auplata: + 1.13% to 2.68 euros
The group hopes to produce up to one ton of gold per year by 2014-2015 with a new plant is expected to increase the performance of its mines in Guyana, its president said Tuesday.
Belvedere: + 3.64% to 53.22 euros
The group of spirits and its CEO have been ordered to pay substantial fines by the disciplinary committee of the AMF for failing to inform the public and also for price manipulation in relation Rouvroy Jacques.
Tuto4PC. com Group: -6% to 5.95 euros
The title of Tuto4PC. com Group, the French specialist in display advertising on the internet was changing down sharply Wednesday morning on the first day of its listing on the Paris Stock Exchange, having already faced the warmth of investors before its introduction.
After three potential scenarios developed by the working group of Bertrand Fragonard, president of the High Council for Family Affairs, it was the turn of the Economic Social and Environmental Committee (EESC) to make known its proposals to finance the old age dependency. The two rapporteurs of the text have sent the first draft to all members of the EESC. The final opinion must be considered and voted that the 14 and 15 June before being sent to the government that sought to prepare its reform this summer.
In his text, the Committee stresses the challenge "societal" dependency. Solutions "is to implement new (…) of solidarity, sustainable for families as the public finances over time," says the notice emphasizes that the financing of the loss of autonomy must be on a casting vote by the national solidarity.According to figures cited by the EESC, expenses associated with the dependence reached last year, 33 billion euros, 24 billion to the burden of the community. Population projections are also reported an increase of 25% of people aged over 75 by 2025.
1% on inheritances and donations
To ensure the extra spending, the Committee advocates the establishment of a 1% tax on inheritances and donations out of business transfers and professional tool. "This tax would apply to all products that are not taxed today," said Monique Weber (CFE-CGC), co-rapporteur of the draft opinion.Successions between married or civil unions would then be concerned, like those on certain real property (located mainly in Corsica and benefit from exemptions), works of art, or gifts and legacies made for the benefit of associations .
The Notice also contemplates "the alignment of the full rate of the CSG on pensions (6.6%) on the assets (7.5%). This option, proposed in particular by the MEDEF, Fragonard and the commission did not favor the government but in the EESC could bring 1.7 billion euro. The opinion, however, leaves open the debate and suggests that this increase in the CSG could be applied "beyond a certain threshold of income."Other lines of inquiry such as the introduction of a second day of solidarity, an increase of half a point in the premium pension scheme, a levy on the assets of the highest or the introduction of VAT name, have however been excluded.
The text also stresses that to the increasing share taken by private insurance contracts, several precautions must be met to avoid the rising cost of loss of autonomy in the home, including the poorest.The EESC therefore envisages the creation of "a label given to public contracts respecting the specifications, and introduce government subsidies to help households subscribe to these guarantees.
Finally, beyond the financial recommendations, the project would include a large number of practical recommendations for home support for older people or support for caregivers (family members caring for dependent persons), according Monique Weber. Trails explored by the commission as Bertrand Fragonard.
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Otis, Crossroads Market, Carrard Services … These three companies have one thing in common: they face these days in a strike of their employees who claim to be better working conditions or wage increases, sometimes both. How original you might say, to see employees' strike "because they are dissatisfied? Not much except that the term "strike" was historically a very different meaning.
The word "strike" originated on the "Place de Greve," the name given to the middle of the twelfth century to the scope in front of City Hall of Paris. It was a beach of sand and gravel which stows the goods (wood, wheat, hay, wine …) arrived by the Seine and ended up where, each morning at dawn, workers without work seeking employers for the day.This "Place de Grève" was then a scholarship to work and place of employment for the unemployed. In short, an employment center before time …
This concentration of workers who were not working but looking for a job … was called "strikers." Hence the emergence then of "strike" which means "look for a job." A sense diametrically opposite to that of today …
The crisis has failed to overcome the magic of the park in Marne-la-Vallee. Euro Disney revenues increased its turnover by 7.7% in the first semester (from October 2010 to March 2011) to 559.1 million euros. Despite an economic environment that remains sluggish, the visitors came more numerous than in the first half of last year. Park attendance increased by 0.4 million people (5%), reaching 6.9 million people who trod the soil of the French parks of the group. On average, each spent 43.32 euros per visit, entrance fee included, which is stable. However, hotel guests of the site have spent more on them: improving spending per room, from 6% to 200.60 euros, is one of the most significant.
With this increased activity improves the group's biannual report even if it remains in the red.Euro Disney shows an overall net loss of 99 million euros, with a net loss after minority interests of 82.9 million euros in the first half, reduced by 13% over one year. In addition, net cash available now stands at 323.7 million euros, 40.2 million euros more than the previous year.
Few concerns despite the occurrence of Easter Monday
After the accident last April 25 in one of the top attractions "Mine Train", a decrease from the coast of confidence in the Euro Disney park could have been fear payday loan no faxing. However, according to a statement of management to AFP on Tuesday, closing the "Train of mine has had no impact" on traffic on the park.
The title had also not undergone any impact after the announcement, indicating that investors did not foresee a drop in visitors following the incident.Always about the accident, Philippe Gas, the CEO of the group, told AFP that the company would "never compromise on safety."
This enthused the "sharp increase" in attendance by customers French, Belgian and British, who are its key markets.
As for prospects for the second half, high season for the group, Euro Disney is confident. At Treasury, returned after borrowing up to 46 million euros this semester, the group expects a return of 77.5 million euros during the second half.
Around 14 pm on Euro Disney's stock price was 9.35 euros, down from 1.27% in a market up 1.56%.
The hoax was right or wrong, depending. The organizers of a false "Salon of the black", held on 1 May (sic) in Clisson, Loire-Atlantique, have recently been heard by the gendarmerie at the request of an inspector Urssaf who saw it as an incentive to work illegally, punishable by a sentence of community service.
The promoters, cranks famous for organizing every first year a demonstration on behalf of the Front Opposition to the new year, "… had given the April 1 press conference on the Internet. Gaston Cheneau, its leader, had his living promoting "the greatest activity practiced quietly" as "the best stimulus to overcome the crisis cash advance to savings account."With two dedicated areas: one to the "Exhibitor", a "meeting place" for information including money laundering, and the second to "events" rich lectures and discussion with "experts shenanigans. "
While wanting to transform the "work more to earn more" President Sarkozy's "no paper no formality," Gaston Cheneau was released without charge against him. The gendarme who was hearing, reports the provocateur, was hilarious.
The CAC 40 continues on the path of this increase jeudi.Les early trade on start up from 0.68% to 4095.42 points. As in Asia, Paris markets in turn react positively to the long-awaited announcement of the Fed on U.S. rates. The latter decided to pousuivre monetary policy accommodative for a prolonged period. Following these findings, Wall Street has ended sharply higher on Wednesday and the Nasdaq hit its highest level in ten years.
On other European markets, the upward trend is also valid. The London Stock Exchange has opened up 0.32% to 6087.6 points. For its part, the DAX index of the Frankfurt Stock Exchange gained 0.62% to 7450.57 points.
But investors remain wary.Several key statistics are expected across the Atlantic on Thursday, beginning with the first estimate of first quarter GDP and weekly jobless claims (1430). The promises of sales in March are also expected (16 hours). The ball quarterly publications will also be given to: Procter & Gamble, Microsoft, Expedia and Colgate Palmolive are scheduled.
Side currency, the euro climbed sharply against the dollar since the Fed announcement. The single currency traded 1.4862 dollar. On oil markets, a barrel of light sweet crude for June delivery gained 61 cents to 113.37 dollars while that of Brent North Sea also June delivery increased 62 cents to 125.75 dollars.
Rafale PUBLICATION IN
As for French companies, investors will also have enough to do:
Saffron: 3.80% to 24.99 euros (largest increase in the SBF 120)
The group announced on Thursday a rise in its quarterly revenue exceeding its target for the year, driven by activities of aerial and optronics, and reaffirmed its forecast for 2011 and its confidence for the following years.
Eramet: 0.43% to 270.45 euros
The mining group has achieved a turnover of 973 million euros in the first quarter, up 23%, thanks to increases of 35% nickel and 30% in alloys.Its operating income should be at least semi-equal to the corresponding period of 2010 excluding special items, after a surge in sales in the first quarter.
Gemalto: -0.37% to 34.93 euros
World number one smart card noted in the first quarter up 17% of its sales to 444 million euros a year, driven by its main activities. It confirms its outlook for fiscal 2011.
Technip: -2.65% to 74.81 euros
The specialist oil and gas equipment announced better than expected margins in the first quarter and confirmed its overall outlook for 2011. He always aims for this year a turnover of approximately 6,500 to 6.7 billion euros against 6.082 billion in 2010.
Sanofi-Aventis: +0.15% to 53.34 euros
The group released on Thursday quarterly earnings affected by competition from generics, but slightly better than expected and announced that its annual results would be reviewed during the semester. In late March, the turnover came out down 1.5% to 7.78 billion euros, generics that cost him 569 million euros in turnover over the first quarter of 2010.
Suez Environnement: 3.15% to 15.39 euros (largest increase in the ACC)
The group has published performance increase in the first quarter thanks to strong growth internationally, and has confirmed all its targets for the period 2011-2013.The turnover reached 3.514 billion euros in the first quarter, registering an increase of 14.3% (+13.5% at constant exchange rates), while EBITDA was $ 592 million, an increase of 28.6% (+25.6% at constant exchange rates).
Imerys: -0.32% to 52.50 euros
The group announced on Thursday a net improvement in its quarterly results, benefiting in particular the improvement of the construction market in France, said he expected an improvement in its performance throughout the year. Imerys has improved its operating margin by 1.9 points to 13.2% and increased its turnover by 13.7% at constant exchange rates to 882.7 million euros in the first quarter.
PPR: 1.94% to 120.75 euros
The group saw sales jump 26% in luxury in the first quarter, boosted by a dynamic Asian still as powerful and a brilliant performance in the United States.
Gameloft: 4.80% to 4.80 euros
The group announced a 20% growth of its turnover in the first quarter of 2011 to 39,500,000 euros. The company anticipates a year again growing at its turnover and profitability.
NextRadioTV: 0.32% to 15.70 euros
The media group has announced a turnover up 14% to 35 million euros, 15.7 million (+15%) for its flagship radio and 10.2 million for its TV division (+25%) . He announces "positive outlook for the first half of 2011."
Technicolor: -2.10% to 5.12 euros
The group announced on Thursday a rise of 15.4% of its turnover to 812 million euros in first quarter (+16.2% at constant exchange rates) and confirmed its targets 2011.
Always on the side of publications, after market, Saint-Gobain, Sechilienne-Sidec, Crit and Vinci will unveil their turnover in the first quarter.Compagnie des Alpes will unveil its second quarter revenues. The results of the first quarter of Sequana, Saft, and Bongrain are also expected.
Eurotunnel, Danone and Plastic Omnium will hold their general meetings respectively 10:15, 14:30 and 17 hours.
Ipsos confirms its objectives
Ingenico: -0.23% to 32.72 euros
The group raised its growth target for 2011. It is now targeting sales at constant scope and exchange rates, greater than or equal to 985 million euros, while it had announced a target located between 965 and 985 million euros.
Ipsos: 0.33% to 35.48 euros
The group confirmed its targets for 2011 after recording an increase of 6.2% of its turnover in the first quarter despite the continuing fall in the market for public education in Britain.
Klépierre: -0.39% to 27.04 euros
The group announced a slight increase in rents in the first quarter, thanks to its shopping centers, despite a slowdown in consumption in Europe.
Unibail-Rodamco: 0.97% to 156.56 euros
The group has appointed Christophe Cuvillier, former CEO of FNAC and Conforama, the Executive Group property as "General Manager Operations."He replaces Michel Dessolain, board member since 2007, appointed Director General of the strategy.
New field for Total
Total: 0.85% to 42.95 euros
The oil discovered in south-eastern Bolivia a major gas field that could initially produce up to 6.5 million m3 per day.
Bioalliance Pharma: 1.49% to 6.14 euros
The group has announced an expansion in Germany and Spain for its Phase II clinical trial of clonidine Lauriad in patients with cancer of the head and neck.
No professional football without modern infrastructure and schools of quality training. While this project is still in its infancy in the least developed African countries, Morocco wants to lead. The country hopes to turn these clubs into limited companies by next September and reach South Africa, Tunisia, Senegal or Algeria to rank African countries with a professional league.
To mark the International Week organized sport for the first time in Marrakech, the Minister of Youth and Sports of Morocco, Moncef Belkhayat and President of the Royal Moroccan Football Federation Fassi Fihri stressed the importance of football in particular as a "national issue and driver of economic development.""But to play its full social and economic role is a structured football that Africa needs," said Vincent Chaudel, communications director Europe, Africa and Middle East at Kurt Salmon, a consulting firm.
In this regard, Africa has more work for the president of the Confederation of African Football, Issa Hayatou, although he welcomed the progress made by Morocco, which he readily describes as "an example for African football. " "Wanting to professionalise football is good, but it requires a disciplined organization," he says. And schedules must be met to optimize working conditions of media and attract business partners. "
"Without our states, there would be more African football"
Because for now the core of private investors remains low in Africa."In Morocco, no bank and no insurer invest in football," said Jalal Hajjou, general manager of Optimum. Because they have no visibility into the return on investment. The new project of the Ministry of Youth and Sports should change the situation. But key players must come together around a table now, not six months from the African Cup of Nations in 2015 (organized by Morocco, Ed).
Suddenly, football clubs are still very dependent on public subsidies. "Without our states, there would be more football in Africa, provides Hayatou faxless payday advance. If they want to become professional clubs must take control and reduce government subsidies. " The example of infrastructure is significant. "Most clubs do not own their stadium, says an expert. They therefore depend on public authorities to use them. "Stadiums that can accommodate up to 50,000 steps and does not fit the profile of pregnant may receive league games. "Africa has few speakers to more reasonable dimensions, that is to say between 10,000 and 20,000 seats especially in less developed countries," says this expert.
"Football in Africa is more a political and economic"
The low inflows coupled with the lack of a disciplined organization also discourages presenters who bemoan a lack of technical means, limiting the broadcasting of matches in quantity and quality. "While football is not professional in Africa, the broadcasters will be more patrons as economic partners," says Njike Jackson, CEO of Canal + Cameroon.And regrets: "Today, football is more a political than economic or social issue."
Consequence: significant differences have widened in TV rights in Africa. When they rise to 30 million in South Africa where the FA is professional, they are close to nil in Cote d'Ivoire, Mali and Senegal. "The total weight of the economy of football in Africa is between 1 and 1.5 billion, equivalent to the economy of football in France," said Christophe Bouchet, former president of the Olympic Marseille.For the former CEO of Sportfive, a company specializing in sports sponsorship, "the success of African football through the mobilization of all stakeholders (sports institutions, government, partners, media), but the central role must be held by the clubs. "
After installing the African Cup of Nations as the third major world football event (after the World Cup and Euro), Africa has shown that he could organize a World Cup. "It remains now to win 'dream President Issa Hayatou.
Mar
23
After two lean years, chemical production in France is recovering. Between price increases – about 5% – and the rebound volumes (+10.8%), the turnover of the sector in 2010 grew 14% to $ 77, 1 billion euros. First industry affected by the crisis, the Chemistry is also one of the first to emerge. French chemistry has benefited last year from "improving global economic conditions" and bounce "in the industry, especially with the end of destocking and the return of the application, said Olivier Homolle, President Union Chemical Industries (UIC).
Some sectors such as soaps, perfumes and cleaning products have benefited more than others, including organic chemistry, rather breathless last year.But the movement should continue at a slower pace of around 3% in 2011, provides for the UIC.
Back acquisitions
The recovery is also evident in terms of margins. "They benefited last year cost reductions generated by the severe crisis and back to rising raw materials," says Peter Gadrat, director of chemistry and metals within the consultancy Alcimed. Enough to allow chemical manufacturers to raise cash and to engage in acquisitions. After a series of acquisitions announced since October – activities resin Total Arkema for 550 million euros, Chinese Feixang Rhodia Chemicals ($ 489 million) – the movement is probably far from over.
"The chemical industry is still very fragmented.The approximately behemoths – BASF leads the game with a turnover of 63.8 billion euros represent little in a sector that weighed 1.87 trillion euros in 2009, "said Pierre Gadrat. Future operations should be fairly targeted medium. Because "chemists have money but not an urgent need for new growth."
Two strategic
The companies focus on two strategic axes. They seek to increase their presence in growth sectors such as food and health, the image of the American DuPont announced in December the acquisition of Danish Danisco for $ 6.3 billion. The industrial sector also intend to strengthen in emerging markets. "There are huge needs in basic chemistry in Asia, particularly in polymers," says Edward Croufer, director of global chemical with the firm Arthur D Little.This should change the mapping of the major players. Edward Croufer expects that by 2015, the world leader should return to Saudi Sabic, along with German BASF and India's Reliance.
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The Paris Bourse approaches helm of the 3900 points to 10.00, after laboriously saved the technical threshold of 3800 points last Friday with an increase of 0.63%. Having opened strongly in the open green, the benchmark index in Paris accelerates gains with a rise of 1.80% to 3879.62 points, based on the rise on Wall Street this weekend, but also on Asian markets on Monday morning. Despite the closure of Tokyo because of a holiday, they have continued their upward trend, encouraged by the stabilization of the nuclear crisis that has rocked the archipelago.
In the absence of major indicator scheduled for the first weekly session, all eyes turned abroad. Optimists, operators retain Parisian improving the nuclear crisis in Japan. On the central Fukushima, no aggravation was reported in recent hours.Soldiers and firefighters are still at work to cool the reactor and prevent significant amounts of radioactivity being released into the atmosphere. The operator Tokyo Electric Power announced Monday that the six reactors at the north central Japan were again connected to the mains.
Moreover, the World Bank has estimated that the earthquake and tsunami of 11 March could cost the Japanese economy up to 235 billion (165 billion), up 4% of national production. The international agency notes, however, that reconstruction would quickly resume.
Libya, the center of attention
However, caution about the strength of this long-term uptrend, while investors should still be observed in the coming days, the situation in Libya.The strikes of the international coalition began this weekend and the Libyan air defenses had been severely damaged. In the viewfinder, on Monday: the supply lines of forces of the regime of Muammar Gaddafi.
This tension is already affected oil markets, fueling the rise in oil prices. In morning trading, a barrel of light sweet crude for April delivery was taking 1.57% to 102.66 dollars. That of Brent North Sea crude for May delivery gained 2.14 dollars to 116.07 dollars. "Some oil facilities could be destroyed during strikes or when sabotage," said Victor Shum of Purvin and Gertz firm.
As for currencies, the euro remains stable, declining only 0 online pay day loans.16% against the greenback at 1.4157 dollar.Note that the yen continued its downward trend against the dollar at 80.90 yen against 80.59 Friday in New York, supported by the G7's decision to intervene to counter the outbreak of the Japanese currency.
Side indicator, the news will be published with the U.S., 15 hours, sales of existing homes in February.
Values to follow
EDF: 1.93%, to 27.98 euros
The Ambassador of France to Italy was summoned to the offices of Chairman Silvio Berlusconi on the Parmalat case and Edison. The two Italian companies are the subject of sharp differences between their French and Italian shareholders.
Areva: + 3.46%, to 31.22 euros
A renewal of Anne Lauvergeon to head the board of the nuclear group is a "possible scenario", said Sunday the Minister of Energy, Eric Besson.
Renault: 1.43%, to 38.68 euros
The Industry Minister Eric Besson has appeared to dismiss the resignation on Sunday a car manufacturer CEO, Carlos Ghosn, after the false espionage case that shook the manufacturer, stating the need to avoid "further destabilize 'the group . Nissan's partner Renault has also announced it would boost its production lines in Japan.
L'Oreal: 2.29%, to 76.36 euros
Jean-Paul Agon, CEO of the group, also holds the post of president since Friday but will retain the same salary this year than in 2010.
Air France-KLM: 1.15%, to 11.44 euros
The idea of "bases Province" was overwhelmingly approved by referendum.The Cockpit living near the bases would not have to make stopovers, which should allow the company to save money.
Diageo: 2.06%, to 13.40 euros, Pernod Ricard: 0.97%, to 63.26 euros
The Sunday Times, the group plans to launch a bid of two billion dollars on the brand of tequila Jose Cuervo, the newspaper added that Pernod Ricard might also be interested.
Audika SeLoger.com and publish their annual results after market close.
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