Pay at the supermarket with a map Ticket Alimentaçao. 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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Ex-Thomson, Technicolor now, trying to straighten up and definitely wants to turn the page.After the creditors and shareholders have approved the restructuring plan to reduce debt by 2.8 billion euros to 1.55 billion euros, Technicolor announced Tuesday in a statement he signed a partnership with 'American Warner Bros., to duplicate and distribute DVDs and Blu-Ray.
The French group said that this contract will generate significant revenues from the third quarter of 2010.
"Associating their expertise in creating entertainment and key technologies associated with the unique experience of Technicolor innovation technology offers many opportunities for both parties," said the president of Technicolor, Frederick Rose.
Weakened by serious financial difficulties, Technicolor has decided to relaunch by signing a strategic partnership with the world leader in terms of volumes of physical media (DVD and Blu-ray combined).
We have experienced "a crisis of globalization". Inaugurating the 40th World Economic Forum in Davos on Wednesday, Nicolas Sarkozy has led the charge against "financial capitalism" that caused the crisis that shook the world for over a year. Then it was the first time a French president opened the show, Nicolas Sarkozy has criticized the "distortion of capitalism, calling for a establishing a" common morality "to avoid relapse.
He also returned on the role of banks, lending its support to the banking reform and Barack Obama reminding bankers their jobs. "What is the job of the banker?" He asked. "This is not to speculate, but to analyze the risk of credit to finance the development of the economy."If the crisis occurred, "because bankers did more than their job," he said.
In terms of currency, he reiterated the commitment to reform the international monetary system, criticizing the "currency manipulation" personal business card . Citing unnamed Chinese yuan, the French President has condemned these currencies undervalued to prevent any fair world trade. In 2011, when it will chair the G7 and G20, "the France include on the agenda the reform of the monetary system", he again hammered.
Welcoming the decisions of the G20 regulations on bonuses, tax havens, Nicolas Sarkozy announced that France will lead by example and apply the new rules, including Prudential, decided at international level.
On a more general "indecent behavior will not be accepted by public opinion and that no country in the world," he said, castigating the salaries unrelated to the merits. "When you win every time, this is not a market economy." However, he added, "that creates jobs, wealth, many wins, I do not think it's shocking" .
Last year at the same time, the French automobile factories were preparing to enter into a long hibernation. Most sites of PSA Peugeot Citroen and Renault have lowered the curtain for a month between December and early January. This year, thanks to scrap premiums introduced in Europe, the activity is markedly increased compared to the end of 2008 disaster.
The contrast is particularly clear in PSA, although the production levels of 2007 are still far away. Overall, the French manufacturer's sites will close down between Christmas and New Year's Day for the traditional week of vacation. The group enjoys the success of new models like the Peugeot 3008 or 206 + products in France. Only the plant in Rennes, specializes in upscale, undergo three days of partial unemployment in December.In total, the production of PSA increase of 33.6% in the fourth quarter 2009 over fourth quarter 2008, but remain in decline of 10.2% over the same period in 2007.
Renault also later, production was resumed. The group includes the diamond increased by 50% worldwide in the last quarter compared to 2008. But as the activity of plants was reduced by 45% this time last year, the manufacturer has not regained its pace of two years ago.
Partial unemployment in 2010
If the situation returned to normal on most sites the French Diamond, Douai and Sandouville turn even slow this season. The plant Sandouville near Le Havre, close to the total one week in early December, then to three weeks between December 19 and January 8.After discontinuation of the Vel Satis, it assembles more than the Laguna and Espace, penalized by the penalty green.
He has sold only 30 000 Laguna in France in the first ten months of the year (- 32%) and Area 7 100 (- 27%). Employees are worried, because on this site, where 1 300 jobs were eliminated recently, the assembly of a new model, a utility vehicle, which will begin "in the first half of 2013," said Patrick Pelata Friday, the CEO of Renault, and not, as previously announced, in 2012. Other affected site, Douai, in the North, which makes the Megane Scenic MPV. It will stop more than three weeks from December 17 to January 11.
For 2010, Renault do not expect a return to normal.The manufacturer provides on average 45 days of partial unemployment in its French factories, against 50 to 60 days in 2009, said Friday the CGT, relying on information management. The only consolation, according to an internal agreement, employees of Renault partial unemployment has reached 100% of their salary this year.
This caution is linked to cessation of car scrapping or reducing them next year. The sales may still decline by 6 to 8% in Western Europe in 2010 after an expected decline of 5% in 2009, according to rating agency Fitch Ratings.
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The Chinese government had promised. The national growth would remain at 8% in 2009 despite the crisis. It is poised to succeed his bet. The figures, published yesterday by the National Bureau of Statistics (NBS) for the month of October, confirms the strong recovery of the economy.
Industrial production rose by 16.1% over the same period last year, against 13.9% in September. This is its biggest gain in a year and a half. Retail sales have, in turn, increased by 16.2% in the first ten months of the year, compared with an increase of 15.5% for the period January to September.
The trade balance has in turn recorded a balance of $ 24 billion or 11 billion more than the month before. This is an unexpected decline in imports by 6.4%, which largely explains this result.Exports, meanwhile, have slowed their little dip, down only 13.8% in October against a decline of 15.2% in September. These figures suggest now a recovery in foreign orders.
Know when to stop the infusion
Given all these positive signs, economists expect this to increase in China's GDP exceeds 8% for the full year 2009. But everyone is asking at the same time the question of a proper balancing of growth. "If you look at the figures for October, it seems that there is a trend in consumption that would further contribute to growth.And this should be confirmed in the fourth quarter, "says confidently, Sheng Laiyun, spokesman of the NBS.
China has most of his return to his recovery plan to 450 billion euro, launched a year ago to invest heavily in infrastructure.
And if the fixed investment has also continued to increase, from 33.1% in the first ten months of the year, it mainly benefits large public works (+ 76.3%), while investment in private projects fell by 12.9%.
The question now is to know when to stop the infusion. Some leaders expressed their fear that a sudden withdrawal of credit facilities, which boosted the plant workshop of the world. Chinese banks have lent 1 100 billion since the beginning of the year.Even if they have paid half in October than in September, the economy can not do without this liquidity.
The OECD sees "strong signal" of recovery
"The Chinese economy is running at full speed
The Markit monthly survey, conducted among purchasing managers in the euro area shows a manufacturing PMI up for the month of October to 50.7 points, 49.3 points against the previous month. The final result is in line with analysts' expectations, remaining identical to the first published estimate there are about ten days.
The threshold of 50 points represents growth in activity. The crossing of the barrier and indicates a departure from the area of contraction in activity, which had not been the case for nearly seventeen months, in April 2008.
Larger rebound in France for nine years
If this rebound in manufacturing activity is undeniable at European level, important differences remain between countries in the area. France is the current head increases with a PMI of 55.6 points (2.6 points a month)."The French manufacturers reported another strong acceleration of output growth, performance displaying significantly higher than their European counterparts. The France and recorded a fourth consecutive monthly increase in manufacturing output, the strongest since a little over nine years. "
The index of new orders for its highest recorded for twenty-six months in the euro area, 53.7 against 52.5 points in September.
"The business conditions in the euro area manufacturing sector has improved for the first time since May of last year, driven by accelerating growth in output, new orders and slower job losses, "said Chris Williamson of Markit.
Professional athletes are red since the start of the week as MPs discuss several amendments concerning "the name of tax fairness." What professional athletes are they privileged taxpayers? Amendments, including those worn by Yves Bur UMP deputies and Marc Le Fur, aim to change both devices. First, the option income tax benefit of (or "sprawl"). Clearly, professional athletes can smooth their income, that is to say, to average their income over three to five years. Finally, they can in this way, deduct one third of taxable income. Tuesday in the state budget, MPs have decided to book only to fans that tax advantage.
Second advantage, that permitting the exemption of social contributions and employers under the "collective image rights" (DIC).1237 athletes have benefited from this advantage in 2007. It is already anticipated that the scheme ends in June 30, 2012, but a new amendment proposes that échénace intervene earlier, specifically on 1 January 2010. "More than athletes, they are also clubs that take advantage of this benefit as part of the remuneration of the sport is exempt from payroll taxes and employer. This allows clubs to keep some French players, potentially leaving for abroad without it, "shade Christophe Breton, specializing in asset management for top athletes. So the club is saving costs and not the athlete directly. The shortfall for the state would be 30 million per year.Adopted almost unanimously with a vote in the Committee on Social Affairs, the UMP amendment must still be voted on in public session next week.
A Mercato costly for state
A third device was questioned in the draft law of 22 July, the favorable tax treatment to impatriation enjoyed by all occupational categories and not just professional athletes. The scheme originally thought to prevent brain drain to foreign countries (emigration of French researchers in the United States and leaders in England for example) is also used by professional athletes as part of their transfers when they leave foreign clubs.This attractive scheme allows beneficiaries to receive an allowance for a limited period of 5 years provided only they were not fiscally domiciled in France during the five years before taking office. "The advantage is in particular the exemption of additional compensation related to the return to France," said Mr. Lefevre Péaron (Morgan Lewis). Some MPs intend to exclude professional sports scheme. Figures to support the member of the Cotes d'Armor explains that the four transfers most important championship of France Ligue 1 football had "cost" to the State under impatriation nearly 1.5 million euros in the Mercato 2008-2009.
"Undermine the entire economy of clubs"
For many asset managers, reform the tax and social benefits, especially the DIC, will undermine the attractiveness of the French market. For Schatzl Frederick, president of Elite Heritage, this amendment is a mistake of a economic standpoint. The wealthy athletes will go to other countries more attractive: they will come in France, so they do not consume more and pay more taxes. "Even the sound of bells from the middle of sport ensures that the state will lose. According to the Professional Football League (LFP), professional football will yield 600 million euros in social charges and fiscal 2009. "These samples sitting on the payroll of players will decrease if teams are forced to revise downwards earnings to offset the effect of the measures announced.These ultimately will cost more money than they relate and will not be profitable for the state, "says the president of the LFP, Frederic Thiriez.Tout as the French Football Federation (FFF) National Union of Professional Footballers Thursday expressed its concern. Sylvain Kastendeutch, co-president of the UNFP, denounces an attempt to bring down the overall economy of football. "The reform is presented as a way to reap benefits in a few stars. Not true, it is a bad blow to football because it will weaken the entire economy of the clubs, "he warns. By Tuesday, the day of voting in the plenary of the amendment on the abolition of the exemption under the "right to collective image, the sport community intends to defend his vote.
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