Suez Environment, specializes in managing water and waste, has published results on Wednesday rose for the first half of 2010. The Group's turnover amounted to 6.59 billion euros, up 12.3% as reported (10.8% at constant exchange rates).
The gross operating income reached 1.042 Moreover billion, an increase of 9.6% as reported and 7.2% excluding currency effects. Net income group share stood at € 386m, up 121%, € 0.79 per share.
The group has raised its targets for the whole year: it expects a turnover higher than that of 2009 (which was $ 12.296 billion euros) of at least 7% at constant exchange rates, cons at least 5% expected in February.It also relies on a gross operating income up 9% minimum at constant exchange rates compared to 2009, against 8% minimum expected end of February.
Free cash flow increased during the semester 30% (excluding non-recurring items in 2009) to 457 million euros. The group hopes to reach over 700 million euros for the whole year. Operating cash flow amounted to 905 million euros, up 9.5%. "The cost optimization program, Compass 2 continues," said CEO Jean-Louis Chaussade in a statement.The group has increased its cash generation and maintains its goal of financial strength.
The CEO of Suez Environment also emphasizes that this semester is marked "by strengthening our strategic positions, including the acquisition of eight companies in the water in France and the finalization of the friendly takeover which Agbar allows Suez Environment to consolidate its bases in Spain and abroad. "
The turnover of the International segment is also in "strong increase" to a constant exchange of +21.9% (+19.9% organic growth) to a € 707m.
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Standard & Poor's finally penalized AREVA, judging the profitability of the group "depressed" for two years. The notes of French nuclear group, which was under surveillance by the rating agency since April 14 last, was finally degraded Monday by two notches to 'BBB +, cons A.
The first reason advanced by the agency for "the provision of 400 million euros related to the recently announced construction of the Olkiluoto 3 reactor in Finland. The further delay of the Finnish EPR, one of four currently under construction by Areva (Flamanville with the Channel and two in China), forcing the group to a new provision that would cause a negative operating result for the first semester 2010. In total, the group has been provisioned 2.7 billion euros for this site should be completed in late 2012 with four years late.
S & P added that the profitability of Areva would also be affected by a "conflict" is contrasted with EDF about the Georges Besse enrichment plant, in the Drome. Both groups fail to reach an agreement to renew the contract which ensures the Areva uranium enrichment EDF.
The rating agency does have a stable outlook on the debt rating of Areva, the group believes that "should be able to implement successfully the remainder of the plan sales and its plan to increase capital , strengthening its balance sheet.
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The operation of rating agencies
After a small setback on Thursday at the opening, the U.S. markets have closed up. The Dow Jones gained 0.10% and the Nasdaq was ahead 0.56%.
This turnaround was due inter alia to the banking shares, despite concerns related to the Greek deficit. Investors were no doubt reassured by the president's Barack Obama who has advocated the adoption in Congress to reform U.S. financial regulation to avoid a crisis similar to that of 2008. And, when Wall Street was shaken by the scandal Goldman Sachs. Goldman Sachs gained 0.09% to 159.08 dollars, Morgan Stanley is up 0.73% to 31.91 dollars. However, JP Morgan Chase 1.34% yield to 44.79 dollars.
The bill provides for the creation of an agency for the protection of consumer financial (CFPA) in the central bank (Fed).It offers a better supervision of the huge derivatives market. The sponsors also seek to end the bailouts of major financial institutions in difficulty at the expense of taxpayers.
From the side of the other values, the Starbucks group (7.33% to 27.25 U.S. dollars) has announced a profit after the close of 217.3 million, or 28 cents per share against 25 cents a share. Revenues climbed 9% to 2.5 billion dollars.
Also note eBay announced a profit of $ 398 million (+11%) and annual sales increased 9% to $ 2.2 billion fast cash loans. "After an outstanding fourth quarter, and a good first quarter, the group is very cautious on the prospects for sale" note the experts at Aurel BGC.The track lost 5.74% to 24.78 dollars.
Also in the technology sector, Apple on Wednesday unveiled the results well above expectations steals record after record. The title of the Apple brand has finished on a new historic high of nearly $ 260 per title. Some rumors suggest that Apple might be interested in undertaking MRA. Apple is the biggest customer of ARM and with the launch of the iPad, the Apple brand would have control over the production of chips. The transaction could reach $ 6 billion. The title gained 2.75% to 266.36 dollars.
The health sector is suffering. The market is increasing concern over the impact of U.S. health reform.Consequence: Merck loses 2.73% to 33.79 dollars, Pfizer was down 0.72% to 16.48 dollars or abandons Johnson & Johnson 0.92% to 64.79 dollars.
In the foreign exchange market remains concerned by the problem of debt Greek, the euro is falling against the dollar Thursday. Around 16 hours, the euro is worth 1.3301 dollars (-0.64%).
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After four years of investment and international expansion (United Kingdom, Germany and Spain), Quotatis enhances its growth. This company specializes in linking over the Internet between applicants estimate (individuals and corporations) and local providers on the housing sector in particular, has bought devistravo.com, also involved in the linkage but she, in building. And this, to strengthen its network of providers. "According to a BVA survey, 96% of respondents say they want to see at least three suppliers to make the right choice," says Didier Heen, CEO Quotatis.
This operation is part of the policy of targeted acquisitions of Quotatis."Our goal is to unite the whole of market, industry and institutional investors, either through partnerships or through acquisitions, new engine around monetization, the pay-per-lead *". We are positioned between the pay-per-click "on Google and Yellow Pages directory," says Didier Heen.
The group is "pander business more than a hundred brands such as The Figaro.fr, Orange, TF1.fr, L'Express, Capital, France, and Spain … Yellow Pages. "We are already detected by QDQ applications, the Spanish subsidiary of Yellow Pages. Rather than a competitor, I see the Yellow Pages as a partner, "said Didier Heen. A potential partner in France? "Why not! Yellow Pages is a challenger in Spain.The challengers are probably more innovative than the leaders, "says Didier Heen.
The buyback will enable Devistravo Quotatis to have 1,200 additional service providers who will have access to 600,000 projects Quotatis deals on average each year in France, and 1 million if one adds Germany, England and Spain.
Further internationalization
In 2010, Quotatis hopes to ride the wave "positive" in 2009. "We found no effect on our business crisis payday advance. Despite the uncertain economic environment, individuals have not stopped renovating their homes. And continue to do so in 2010, "said Didier Heen. This focus on housing and energy, Quotatis has seen its turnover increase from EUR 530,000 in 2004 to more than 12 million euros in 2009.This represents an average annual growth of 87%.
The group also wants to specialize in other sectors and expand into new countries. "I can not tell you more. This will impact the discussions we are now with other companies, explained the Director General of Quotatis.
Another perspective for 2010 to integrate its service to stop a major actor. "This strategy is motivated by the fact that today customers want to go to a single operator able to offer a bouquet of services (website, visibility, marketing, direct marketing, …). A company like the Post has fully understood their new product marketing box e-commerce.
Quotatis long term plans to enter the stock market. "The Caisse des Depots et Consignations and Banexi not destined to remain forever our shareholders.Now everything depends on our size, environment and economic project that we present. For now, we do not need Exchange to live, "says Didier Heen. He added: "But we could also consider being acquired by a financial actor or an industrialist."
* If the pay-per-click "advertising is a reward for the advertiser based on the number of clicks on advertising, pay-per-lead" is a model where the affiliate is paid based on the number forms completed by the visitors it refers to the affiliators. In both cases, the advertising and affiliators are charged only if the respective advertiser (Google, for example) and the affiliate does not "deliver".
Finishing the week? Difficult even within an hour of the closing address. The CAC 40 was indeed well embedded in the green, but 16 hours, the morale of Americans showed degraded. The investors in the United States and Europe reacted immediately.
Around 16.45, the flagship index of Paris evolves close to equilibrium after being tipped into the red. The CAC 40 is around 3930 points. The index of consumer sentiment fell to 72.5 in March against 73.6 in February. Americans are less optimistic about employment prospects.
Earlier on Friday, retail sales in the United States have however withstood the bad weather in February.Against all odds, they rose by 0.3% compared to January (in data seasonally adjusted) while analysts felt they had declined by 0.2%.
This supports other new ad, released Thursday, which was rather reassuring, even if they still underscore the difficulties overseas cheapest one. Like the U.S. trade deficit fell to 37.29 billion dollars from 39.9 billion in January. Other good news side of the labor market "listings weekly unemployment fell to 462,000 from 469,000 the previous week. Perhaps, then, that the ACC will manage to close the week at the Green …
Mixed signals
But some lingering doubts in the markets due to the mixed signals sent to the assumption by the United States, Japan and China.The latter confirmed his great form with a rise in industrial production by 20.7% yoy in January and February, coupled with increased investment in fixed assets of 26.6%. But the United States, the government announced a record budget deficit of 220.909 billion dollars in February, while the decrease in the number of newly unemployed was less than expected, with 462,000 new registrations against 460,000 estimated.
In Japan, meanwhile, lowered its estimates of GDP for the fourth quarter 2009, up 0.9% from the previous quarter, instead of +1.1%. This is in addition a possible credit crunch in China because of rising inflation (2.7% in February).
Firstly, the current account deficit remained virtually stable in France in January over December, to 3.4 billion euros, against 3.3 billion euros in December, by BdF online payday advance .
The automotive sector in the form
The CAC 40 is pulled up by the automotive sector. Renault (+1.85% to 33.885 euros) is the fourth largest increase in the index. It is preceded by Peugeot (+1.90% to 21.990 euros). Far behind Michelin earns 0.46% to 57.19 euros. Valeo lost 0.22% to 24.91 euros.Faurecia is gaining 0.53% to 14.33 euros.
The bank also support document: Credit Agricole (+1.20% to 12.2 euros), BNP Paribas (0.67% to 57.28 euros) and Societe Generale (+1.66% to 44.730 euros) seem announcements have given the Chinese tighten credit.
EADS (-0.07 to 14.840 euros): the controversy swells around the financing of the A400M. Matignon is mulling an appeal to the general loan or option focusing on the state budget.
Pernod Ricard (+0.10% at 60.30 euros) which has launched a bond issue of 1.2 billion euros on Thursday, brought together an order book exceeding 5.5 billion euros. The proceeds from the offering will be used to repay the installments shorter credit union to extend the maturity of the debt.
Total (stable at 39.10 euros) is always under pressure.The CGT oil group called for a resumption of the strike in the refinery when the Justice will rule on his request for interim measures for the crime of interference with employee representative bodies. The CEC will file early next week a motion to that effect.
Mich?le Bellon, Assistant General Manager of Dalkia, will succeed Michael Francony at the head of the ERDF, the distribution subsidiary of EDF (-0.42% to 38.125 euros).
EDF Energies Nouvelles has announced Friday that U.S. power company Indiana Power and Light (IPL) had canceled the contract of sale of electricity on wind project Lakefield, in south-west of the State of Minnesota. The Exchange sanctions: -2.80% to 36.160 euros.
Cellectis (-0.69% to 10.02 euros) on Friday announced a turnover in 2009 rose 14% to 12.1 million.The group also announced a strengthening of its cash to 45.6 million euros against 28.7 million a year earlier.
As for publications, Rally (-1.18% to 25.9 euros), which controls Casino (-0.25% to 60.86 euros) will announce its annual results.
If only Mickey and friends could all give a little magic wand on sales of Euro Disney! The site operator of Disneyland Resort Paris announced on Tuesday a drop in attendance at its parks by the end of the year: -10.5% in the first quarter of 2009-2010 ended in late December.
Result, the group reported a turnover period of 292 million euros against 326.4 million euros over the last three months of last year. The average expenditure of visitors, however, is stable, thanks to its pricing and promotional strategies.
"The decline in attendance at theme parks reflects a decrease in the number of English and French visitors," explains Philippe Gas, the president of Euro Disney."In the first quarter of fiscal 2009, the economic crisis had not yet fully impacted our revenues, mainly because visitors reserved well in advance of the dates of their visit," says the boss, stressing further that "now visitors reserve later while seeking promotions.
The group, which does not provide a quantitative forecast for 2010 indicates that it plans to launch three new attractions this summer, inspired by the movie Toy Story, Disney-Pixar. The group says the activity will take color "when the economic environment will give signs of improvement."
Title Euro Disney operates in negative terrain on Tuesday, down from 2.74% to 4.6 euros, about 11 hours, giving a market capitalization of just under 180 million euros.
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The meeting of finance ministers of the G7 in Iqaluit, in Canada's far north, was the occasion for the great silversmiths to see the convergence of their views against banks."We agreed to work together to ensure that financial institutions bear the cost of their contribution to the crisis", stated the host of the meeting, Canada's Jim Flaherty.
Since the end of 2009, projects of exceptional taxation of banks have flourished, in various forms and with different objectives: punitive tax here, contributing to the effort there, insurance premium paid in exchange for the implied warranty given by the States financial institutions or other taxation of bonuses to limit the activities deemed most dangerous … In Britain and France, is a tax on the bonus above 27 500 euros, which was established. In the United States, Barack Obama wants to apply to larger banks a fee to bring 90 billion dollars in ten years.Now, the bond G7 will legitimize future draft taxation.
Meanwhile, the seven finance ministers, according to American Tim Geithner, reaffirmed their commitment to finding "by the end of this year a consensus on new prudential standards that apply to banking. The Ministers again stressed their higher requirements for capital.
Nearly 500 000 per person
Faced with this increased range of governments, banks are beginning for some, to put water in their wine payday loans no teletrack .This determination in policies comes at a time when financial institutions close their accounts in 2009 – boosted by the profits on contracts for some, undermined by the loss of their portfolios of assets and doubtful debts for other . Also in that time that banks put the last comma on the bonus amounts distributed.
Although it became the symbol of a financial world that have returned to practices before the crisis, Goldman Sachs has chosen to keep a low profile. The bank is number one on Wall Street, announced this weekend that its CEO Lloyd Blankfein would affect "only" $ 9 million for 2009, entirely in shares. This bonus is not only less than half that received by his counterpart at JPMorgan, Jamie Dimon, for example.It is particularly small in comparison with wild rumors that had circulated a week ago: there was talk then of 100 million dollars!
In 2009, Goldman has made a net profit of 12.2 billion dollars, the same as that earned in 2007 a record year for finance. Employees at large will share more than 16 billion dollars in bonuses in various forms, about 500 000 dollars per person. But thirty frames the higher will be paid in shares, they can not sell before five years.
Nicolas Sarkozy has raised the question of how we can more directly Wednesday in his opening speech at the Davos Forum: what is "the role to be played by banks in the economy?" He should get an initial response today ' hui. The bosses of big banks, mainly American and European, will meet with key leaders of the global financial regulation to settle their quarrels.
"The first challenge is to define what should be the basic name of a bank, has publicly acknowledged on Friday Peter Sands, group CEO of Standard Chartered Bank UK, who also co-chairing the Forum 2010, alongside a colleague European Josef Ackermann, head of Deutsche Bank. The meeting will be informal: to probe the kidneys and hearts of some central bankers and regulators in Davos.Including Jean-Claude Trichet, the ECB president, Mario Draghi, Chairman Financial Stability (a creation of the G20), Jaime Caruana, director general of the Bank for International Settlements, Dominique Strauss-Kahn, director IMF, but also representatives of emerging countries, as Zhu Min, vice governor of the People's Bank of China.
In this case it is private financiers who are the plaintiffs. "A new regulation of financial institutions is inevitable, but a regulatory motivated populist policies would be ineffective and harmful," warns a professional who will participate in face-to-face fast payday loans . This fear is taken very seriously since Barack Obama presented his proposals to ban the operations of market equity for commercial banks.With also the possibility of dismantling settlements whose bankruptcy would present a systemic risk.
The Obama plan goes to school
However, these recommendations appear to be in school politics. David Cameron, leader of British Conservative Party, arrived Friday in Davos, it is stored too. In turn, the technical authorities do nothing to minimize the issue of reforms to come. As Jean-Claude Trichet, at a panel on public policy interventions: "On both sides of the Atlantic, governments have had to receive 25% of GDP in the form of guarantees, recapitalizations and buyouts of securities to prevent the collapse of the sector.It would not forgive us if the system does not become more resilient in the future. "
The delegation of bankers in which American Brian Moynihan (Bank of America) and the European Josef Ackermann appeared to play a leading role, is far from presenting a seamless front. Everyone agrees to request a "harmonization of national regulations" (a level playing field in the jargon), but without going to unify the laws of each place.
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After hopes for a judicial epilogue is a cold shower for Jean-Marie Messier. Ten months after the Paris prosecutor's office requested a non-place overall in the Vivendi case, the examining magistrate Jean-Marie d'Huy decided to return to court Correctional seven people who were prosecuted in this case open in 2002 after the collapse of the group.
The judge accepted the facts of disseminating false or misleading information, price manipulation and abuse of social goods. In its order dated October 16, Le Figaro that could see the judge details the events of the years 2000 to 2002 charges against the former CEO.His trial before the correctional court of Paris could take a year to return in 2010.
"The false or misleading"
The skipper featured 2000s is accused of spreading in the public false or misleading information on the outlook for Vivendi Universal SA. In particular, singled out his triumphal statements on the group's treasury in the first half of 2001 while the finances of the media industry were already in the red.During the period immediately following the attacks of September 11, 2001 and the collapse of stock markets, it is also criticized the CEO for having manipulated the market price of Vivendi, the group has purchased in the market for more than one billion euros, including during periods when a company can not do transaction on its own securities.
Finally, in terms of abuse of corporate assets, the judge considers that Jean-Marie Messier has been granted to his personal benefit without prior approval of the board of directors, an agreement of termination (a parachute Golden, Ed) composed of benefits clearly excessive in relation to the situation at this time of Vivendi Universal.J2M had, following his departure in July 2002, received a driver of health coverage for five years and, according to the order of referral to the criminal court, a sum of 18 600 000 …
This charge is vehemently denied by the lawyer Jean-Marie Messier who said that his client, after an arbitration in New York, has waived this golden parachute. Me Olivier Metzner said most inconsistent "in that reference Corrections while the floor was estimated that the charges were insufficiently characterized.
In its referral decision, Judge d'Huy also aims for insider trading in Canadian businessman Edgar Bronfman Jr., heir to the Seagram empire, which had merged with Vivendi in 2001.Also referred to the court the former CFO of Vivendi Universal (VU), Guillaume Hannezo, former CEO of VU, Eric Licoys, Hubert Dupont Lhotelain, former treasurer of the group, Francois Blondet, a former assistant treasurer, and a former banker Philippe Guez.
In a statement Thursday evening, Vivendi has recalled its plaintiffs in this procedure from October 2002 and has fully cooperated with law enforcement authorities from the outset. The former group executives, J2M head, face sentences of up to five years in prison and huge fines.
Another trial in New York
The referral of Corrections Jean-Marie Messier comes in the middle of the trial, civil one, taking place right now in New York.Shareholders who feel cheated by Vivendi between 2000 and 2002 have filed a class action procedure called. They continue, in order to obtain compen-sation, both Jean-Marie Messier and Vivendi. The current leadership of the French group finds herself simultaneously accused of heading overseas, and plaintiff in France. Collusion schedules of the two procedures did not facilitate the task. In New York, the chairman of the supervisory board of Vivendi, Jean-Rene Fourtou said, October 14th last: "I have not watched any of the past. As I have not tried, I have found no irregularities, "he said, adding that" no one has reported having discovered something "since his appointment.
Another complexity of the case: the U.S. class action will be partly in Paris.Vivendi has asked the French courts to prohibit both shareholders and the French Association for the defense of minority shareholders to join the U.S. procedure. Answer November 25. If the Tribunal de Grande Instance de Paris ruled in the group, it will reduce significantly the amount he could pay if found guilty by the Americans. Y. The G.