For the 9th consecutive year, the Great Place to Work Institute (GPTW) publishes its list of the companies in which to work in Europe. With a small change this year: the two traditional classifications of societies and more than 500 employees, has added the business called "multinational". Test required to integrate this category have been nationally ranked "business in which to work" in at least three countries.
Filed in 16 countries throughout Europe, Microsoft wins first place in the top 25 multinational companies. The U.S. computer giant is closely followed by two compatriots: the biotechnology company Amgen (Applied Molecular Genetics) and the food group Mars.
Analysts had anticipated a pleasant surprise in the first quarter for Publicis. They were right. The advertising group recorded organic growth of 6.5% over this period to 1.286 billion euros, against 3.1% in the first quarter of 2010.
An Unusually, this performance is due to the good performance of Latin America (organic growth up 8.7% in the first quarter), supported by Brazil (+20.1%), U.S. USA (+8.4%) and Europe (+6.2%) boosted by France (+8.2%). In contrast, the Asia-Pacific is growing only by 1.5% due to the earthquake in Japan and floods in Australia. China limits the damage with a growth of 8.2%. "Our exposure in Japan is low. The earthquake and tsunami that struck countries, such as the revolts that took place in the Middle East, will negatively impact any of our forecasts for 2011, "said Maurice Levy, Publicis chairman.The boss of the advertising group is also stayed very evasive on the subject, merely indicate that "a 5% growth in sales in 2011 would be a very conservative forecast."
"We outperform the market by 2011"
Thanks to the good performance of China, Brazil, but also Russia and India, growth in emerging countries amounted to 11.4% in the first quarter. Digital activities alone represent 28.2% of Group revenue (against 27% in 2010). "We do not show much innovation and therefore continue to invest in growth markets such as digital and emerging" quips Maurice Levy. Digital activities and represent emerging elsewhere 48.3% of Group revenue in the first quarter "in line with the group's objective is to achieve 65% of its income on these two segments," says he .
The advertising market, the subsidiary of Publicis, ZenithOptimedia, has yet reviewed this week down its forecast for investment growth in 2011 to 4.2% against 4.6% due to the disaster in Japan and uprisings in several countries Arab. But that does not diminish the confidence of Maurice Levy. "Advertisers have not stopped their campaign, assures the President of Publicis. We found no concern on their part. Their primary concern is the growth, not cost reduction. "
A trust that is found when talking about the second quarter. "The second quarter looks good. The year 2011 will be for its good or very good, "said President of Publicis. We outperform the market in 2011. Obviously, the soaring price of raw materials encourages companies to protect their margins.It may therefore be a risk cutoff of investment from advertisers. But the future is growth. "
Future and it is precisely at Publicis issue, that of Maurice Levy, whose mandate expires Dec. 31, 2011 will be extended. But the president still has not set a date or given any indication as to his successor. "My priority is Publicis. I will remain the necessary time. "
A new blow to L'Oreal after the trauma of the case Bettencourt. Lindsay Owen-Jones, former chairman and honorary chairman of the group, is the subject of three complaints filed Friday at the financial hub of Paris, shows 20minutes.
Just replaced, there are a few weeks, by Jean-Paul Agon, Owen-Jones is accused of "abuse of trust", "abuse of corporate assets" and "active corruption" and "laundering money ".
The events occurred in the late 1990s. "OJ" is suspected of having set up as part of brand development in Eastern Europe, a parallel distribution market in Russia, Ukraine and Belarus.
It is a distributor Slovenian Janez Mercun, signed a contract with L'Oreal granting him the exclusive right to sell cosmetics in Russia, which is the source of the complaint.The latter had been injured by the formation of this parallel network to the tune of 34 million.
Alleged links with organized crime
According to the complaint filed Friday, "many companies put in place were designed to conceal tax evasion (…) and especially the personal enrichment, including Mr. Owen-Jones," says 20 minutes. "To get there, Lindsay Owen Jones has even forged links with organized crime," adds the lawyer Janez Mercun.
This claim taints the course of the boss of iconic L'Oreal, which has twenty-three long years, year after year offer a remarkable growth in a number of cosmetics. In 2010 again, L'Oréal was able to announce a strong rebound in its results and felt "confident" for 2011.But contracts with Francois-Marie Bannier, and $ 100 million offered to "OJ" by Liliane Bettencourt, had already contributed to tarnishing the reputation of Columbia.
Two other former executives from L'Oréal, Gilles Weil and Gerard Guyot-Jeannin, are subject to the same charges. Bad news also for L'Oreal, and especially for its new CEO, Jean-Paul Agon, who had emphasized during his enthronement, the "transparency" of the group.
L'Oreal alleges facts already considered old and
L'Oréal was quick to be indignant. "The alleged revelations so far are related to an old trade dispute which dates from 1998 and has already been tried," indicated the direction of the communication group. But "the courts have sided with L'Oreal five times.The final decision of the Supreme Court goes back to 2003, "the company said.
"These unfounded accusations and publicized today, as yesterday every step of the procedure, designed to artificially try to reactivate the file closed since 2003."
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LE FIGARO – What are the economic consequences for Japan?
Jean-Pierre Petit – Contrary to what we believed in the early hours of the earthquake, the impact is probably greater than that of Kobe in 1995, which cost 10,000 billion yen, or 2.5% of GDP. The affected area this time, north-east, weighs 8% of GDP against 4% for Japanese Kobe, and it includes many production units and automotive electronics. But the most serious is the risk that nuclear has a direct impact on energy resources, since the nuclear provides 25% of national electricity consumption.This is the novel aspect of this tragedy is still not able consequences even if they tend to be exaggerated by the markets.
Could there be a rapid rebound in the economy?
It's terrible to say but disasters still have a stimulating effect in the short / medium term impact on the economy when the state starts rebuilding. Japan's GDP rose by 5% annualized rate during the three quarters that followed the disaster in Kobe. Provided that the nuclear situation eventually stabilized, it will be the same this time all the opposition has indicated it would follow the government's economic stimulus projects.In absolute terms, Japan has a debt problem, which represents 200% of its GDP, but this does not prevent him from borrowing in good condition because 95% of this debt is held by the Japanese no fax cash advances.
What are the consequences for the global economy?
A Japanese recession would not have much impact on the global economy. At its peak in the early 1990s, Japan accounted for 18% of global GDP in current dollars. Today, it represents only 9%. Japan – with U.S. – the least open of the major developed countries, it acts early in the production chain and there is a net exporter. A slowdown in its economy weighs little on final demand and global activity.Viewed differently, global growth amounted to 3.6% since 2000 and Japan is almost no contribution!
The succession of disasters threat does not resume?
The paradox is that the number of natural disasters is rising trend since the early 1950s, as they have been multiplied by 20 in fifty years, before breaking a bit since the early 2000s. At the same time, the average unit cost of natural disasters has remained stable, amounting to $ 240 million on average between 1950 and 2010. For the total cost of natural disasters (including the growing number), it has increased, but at a pace close to that of U.S. GDP (6% per year).In other words, the cost of disasters relative to GDP is stable world since 1900: the events are more frequent but the risks better managed and the impact remains low overall.
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Hackers are on all fronts. After the stock exchanges of New York and London in particular, hackers managed to penetrate the security of the French Ministry of Economy and Finance, revealed on Monday the website of Paris Match. Information confirmed by Budget Minister Baroin the microphone of Europe 1, and the entourage of the Minister of Economy Christine Lagarde told Reuters. The interview on Europe 1 Baroin:
Bercy services have found this huge cyber attack, which aimed in particular documents relating to the G20 in the month of December. "Immediately, specialty services have made arrangements to stop the attacks (…) This work was finally ended last weekend," said the minister's entourage.
"The first attack against the state of this magnitude"
According Pailloux Patrick, the executive director of the National Security Information Systems (ANSSI), "those who acted are professionals committed and organized. This is the first attack against the French state and of this magnitude at this scale, "he said in Paris Match.
In total, over 150 computers in the department have been infiltrated by the classical method of mail bomb. "The hackers tried to attack other ministries. There may be things that we have not seen, but to my knowledge, only Bercy has been affected, "explained Patrick Pailloux. Prescient, he lamented in an interview published Pcinpact late February, "a real trend to the increasing attacks, raising fears that the examples multiply."
No computers affected did not contain personal data of taxpayers, assured Baroin. "The attack targeted international issues rather than internal issues such as customs or tax authorities. Information has certainly been achieved, but what is important is that we know the origin and we define the modalities of this attack, "he judged. For now, Bercy filed a complaint against X with the Paris prosecutor's office and the DCRI, the French intelligence service, was seized.
Chinese Track
Even if the origin of the attack has not yet been established, a senior official recalls the site of the weekly Chinese track possible. "We found that a number of information were redirected to sites in China," Paris Match reported quoting a senior official, under cover of anonymity."But that does not mean much," he tempered. For its part, Baroin merely to evoke "the tracks have not yet confirmed."
Coincidentally, early in the morning, a member of South Korea confirmed that Chinese hackers had accessed in June to military records confidential from South Korea, for the purchase of unmanned U.S. spy planes. According to another member of South Korea based on a government report, 8183 of 21,899 attempted attacks launched last year by hackers against the computer system of government of South Korea came from China.
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The Apple boss has booked a nice surprise to his fans. When he was announced to be on sick leave for six months, and rumors that the dying announced, Steve Jobs is onstage drama of San Francisco (California, western United States). Acclaimed, he then introduced the second version of the iPad tablet computer. The tablet computer keeps the same price, between 499 and 829 dollars (between 359 and 597 euros) depending on version. The iPad will be sold to two metastable United from 11 March and 26 other countries, including France, Canada, Germany, Switzerland, Belgium and Japan, from March 25 business card design.
Despite his illness, Steve Jobs, who appeared thin, has not lost his sense of humor and vitality. "Almost 15 million iPads sold in nine months in 2010. It's more than any tablet PCs ever sold, "he quips."It's been quite some time that we worked on it and I did not want to miss a great day," said Steve Jobs. He still survived pancreatic cancer in 2004 and a liver transplant in 2009.
Steve Jobs introduced the second version of the iPad.
Zodiac? We never imagined a hostile transaction. A party Zodiac shareholders were not interested in our offer of alliance. We have turned the corner, "said Jean-Paul this Thursday Herteman, Safran, during the presentation of results 2010. The engine manufacturer is also active in the defense and security, has made a "good" performance last year's operating income increased 20% to 878 million euros and net income (group share) of 29% to 508 million euros from a turnover of 10.7 billion (+3%). Of debt, Safran found some leeway to make acquisitions "targeted".
But the attempt at rapprochement with Zodiac, equipment specialist, has failed."The story is perhaps not over," says Jean-Paul Herteman for the transaction retains its particular interest, especially in terms of synergies in electricity generation. His mastery is key in the great coming technological revolution in the manufacture of aircraft of the future, much quieter and more fuel efficient.
To play leading roles, Saffron seeking a partner or ally payday loan. "We are missing a few bricks in spite of our technological leadership positions on the engines and boxes, wiring, power electronics or electrical equipment of the most advanced programs, such as electric brakes for the Boeing B787, President Safran said. The group already supplies the engine of the C 919 Chinese, future rival of the A320 and B737, announced Thursday the creation of a joint venture with Comac, the builder, in the wiring.The C-919 as the Airbus A320 NEO (remotorized) will feature the Leap-X engine offering reduced fuel consumption by 15% compared with conventional devices. These aircraft will provide the transition until the new disruptive technologies are ready in 2025-2030.
To prepare for this "electric aircraft," Safran also has its own strengths. He launched the plan which provides Amp several hundred million equity investment in five to seven years ahead in technology for power generation.
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Feb
16
D-day for the Deutsche Börse. The operator of the Frankfurt Stock Exchange has managed the feat of concluding a merger with Euronext, which controls the streets of New York, Paris, Amsterdam, Brussels and Lisbon. The two market operators unveiled on Tuesday afternoon, the outline of their agreement that gives birth to the first exchange group of the world.
The new group will be under Dutch law, with headquarters in New York and another in Frankfurt. It will have a board of 17 members, 15 directors plus the CEO Duncan Niederauer, NYSE Euronext's current boss, and the chairman Reto Fancioni, who chairs the Executive Board of Deutsche Börse.Of the 15 directors, 9 will be nominated by Deutsche Boerse and NYSE Euronext 6.
As expected, the group will be controlled 60% by the shareholders of Deutsche Börse and 40% by those of NYSE Euronext on a fully diluée.Chaque NYSE Euronext shares will be exchanged for 0.47 share of cons entitée created and each Deutsche Börse action against the new entity.
The cost synergies are estimated at 300 million euros for the creation of this new group whose combined turnover is 4.1 billion euros based on 2010.
But many questions remain unanswered, including the location and name of the new operator.In addition, a new unknown was added to the equation: the Chicago Mercantile Exchange (CME), the world trade in raw materials and derivatives, have issued a cons-offer to buy Euronext, according television channel Fox Business Newtwork. The CME could even join forces with the group Nasdaq, which operates the New York Stock Exchange in technology stocks, according to the website flyonthewall.com.
At the Paris Bourse, these rumors have reacted investors: the title NYSE Euronext flew: at noon, the title earned 6.35% to 29.65 euros. The trading was suspended earlier this afternoon.
Chi-X, second European operator
The redemption of NYSE Euronext is part of many projects of union between stock traders who were announced this month.LSE (London Stock Exchange) in London and the TMX Group in Toronto were the first to announce their intention to marry. Approved by the boards of both companies, the transaction values TMX 3.2 billion dollars (2.34 billion euros) and would create the fourth largest operator in global equities. On the other side of the planet, the Singapore Exchange and the Sydney SGXL, ASX, continue their discussion in order to obtain clearance from the authorities for their merger announced last October. The transaction is 7.9 billion.
Why such a wave of merger? The stock exchange operators 'traditional' world are really seeking to consolidate and diversify their activities in a context of greater competition in the European Directive MiFID transposed into national law from 2007 bad credit unsecured personal loans. Alternative platforms (MTFs in English) have since mounted power.The first of them Chi-X, based in London, was dethroned in 2010 NYSE Euronext's leading position in Europe in terms of share transactions. United States, the platform Bats, founded in 2005, now boasts 10% market share on the trading of shares.
While these new players gradually eat market share, traditional stock exchanges are concerned. To make matters worse their fate, Chi-X and Bats announced they were conducting exclusive negotiations for the purchase of the former by the latter. The new entity would fly 22% of European trade.
Refusing to be marginalized, global stock markets therefore sharpen their weapons and turn announced their intentions to create new alliances.In the wake of the first announcement, Edem Pinto, head of the Brazilian BM & FBOVESPA operator, has indicated in an interview with Reuters, he was interested in consolidation opportunities in China and India.
Political Considerations
However, these operations, which affect the institutions that symbolize the power of a country, are not always seen in a positive light by the national authorities. By merging NYSE Euronext and Deutsche Bank, the Germans are afraid of losing hand to the Americans. "Like the transaction with Euronext, it will be a matter of time before the Americans took control. We should be wary of that. It will be impossible to reverse once the agreement it signed, "said Johannes Witt, staff representative of Deutsche Börse.
The same concern led the Australian Stock Exchange and the Singapore to reconsider their agreement to facilitate the approval of regulatory authorities in Australia. In the initial offering, the representatives of Singapore had twice as many seats as the Australians on the board of directors. The number of directors was finally increased to assign the same number of positions for both sides and three new seats in the directors 'international'.
Finally, Canadians are worried, too, of being sidelined in a new group owned 55% by the London Stock Exchange. Moreover, according to Canadian media, the emir of Dubai, Mohammed bin Rashid Al Maktoum will become the largest shareholder of the future entity, with 11.3% stake, which could generate opposition from regulatory authorities in Canada.The Borse Dubai could consider reducing its stake in the LSE, currently at 20% equity stake. Supporters of the merger between Toronto and London recall, however, that Canada alone could weigh anyway even less weight in the global financial exchanges.
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Deprived of power in Egypt, Hosni Mubarak could soon be as his property. Barely half an hour after the announcement of the resignation of the Pharaoh, or at 17:30 on Friday, the Swiss government announced it was blocking all funds that may belong to the Egyptian president and his family in Switzerland. The Federal Council has issued an order to that effect asking the Swiss banks to search for and freeze the assets of the clan Mubarak. According to the Swiss National Bank in late 2009, the Egyptian deposits on accounts in Switzerland reached 3.6 billion Swiss francs (2.27 billion euros).
"President Hosni Mubarak has resigned today after weeks of mass protests. The Federal Council took note of this evolving situation, "it said in the text.The assets of Mubarak and his entourage were blocked with "immediate effect" and the order is "valid for three years," says the Federal Council. "In addition, the sale and disposal of assets – including property – belonging to such persons are prohibited. The Federal Council intends to take all necessary measures to prevent any possible misuse of public funds. "
Between 40 and 70 billion
According to experts cited in the Middle East by the British newspaper Guardian, the Mubarak family fortune is estimated at between 40 and 70 billion dollars (29.5 and 51.7 billion euros). It would be divided as such: $ 15 billion for Hosni Mubarak, one billion to his wife Suzanne, eight billion for his eldest son, Alaa, and 17 billion for his second son, Gamal. By comparison, the couple's Ben Ali is estimated at five billion dollars, as ranked by Forbes magazine.And that of the richest man in the United States, Bill Gates, to 54 billion.
The Algerian newspaper Al Khabarprécise his side much of the wealth of Mubarak would be deposited in banks or invested in real estate. The Mubarak family would own and outside of Egypt, properties in the United States, Great Britain (whose son and mother hold the nationality), France, Switzerland, Germany, Spain and Dubai . Finally, two son, Gamal and Alaa created and taken stakes in many companies in Europe and the United States.
(With agencies)
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The tense situation in Egypt did not create panic among French tourists. The Association of Tour Operators (Ceto), tourists visiting Cairo aside, "there are no returns anticipated at this stage but returns natural." Even if all members of the association four to twenty companies have proposed to organize the repatriation. "I got the phone number of tour operators who are willing to make decisions quickly to ensure return," said President of the Union of Travel Agents (SNAV), George Colson. Club Mediterranee announced in particular have chartered a special flight Monday from Taba and took seats on scheduled flights from Luxor to Hurghada and enable its customers to anticipate their return. Thomas Cook meanwhile, decided to keep two aircraft on hand to deal with any possible emergency repatriation.According to figures from Ceto, 6500 French tourists were on Saturday on Egyptian soil. On Monday, they were more than 2000, mostly concentrated in cities along the Red Sea, where the situation is calm, according to tour operators.
Reports or trade
Also apply all of the precautions and have suspended all new departures until Wednesday, February 3 inclusive. Until Friday, February 5 for Fram. "Customers concerned may defer travel free at a later date on Egypt or any other programmed destination and current conditions of the tour operator," Ceto said. "We apply the same measures of compensation for customers unable to go to Egypt for those who could not travel to Tunisia payday loans direct lenders.They can choose to delay their departure until October 31, 2011, or opt for another of our destinations knowing that we will refund the price difference if any, "says one in Marama. To date from 2000 to 3000 the tour operator customers have decided to change their travel, particularly those with holiday dates are not flexible.
New destinations for next summer
Planners, the French also anticipate their summer holidays. Tunisia and Egypt every year, attracting over one million visitors hex. A tourist trade which are beginning to benefit from other countries, too sunny, and offering similar prices. France and the Riviera residing too dear, three destinations have won a great success. "We have seen bookings for Spain increased by 50% and those for Greece and Turkey to grow by 30%," enthuses Marmara.The tour operator said that "the French take it very early this year to book because they fear a run on these destinations and consequently higher prices." He said the desertion of Egypt and Tunisia should nevertheless be short-lived: "When will reopen these destinations, tourists depart. You do not forget the pyramids for any other destination. "
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