February 8, 2010
After the sharp market downturn in Paris last weekend, with the Cac 40 lost nearly 7% in 48 hours, optimism is in order at the beginning of the week Award paris.le CAC 40 is up 0.89% to 3595 points.
On the macroeconomic front, gross domestic product (GDP) of France is expected to grow by 0.5% in first quarter 2010, according to a first estimate of the Banque de France (BdF) on Monday.
The latest forecast from the National Institute of Statistics (INSEE) published December 17, the economic recovery in France will confirm in early 2010 but will be "laborious and delicate, with a growth of around 0.3 % to 0.4% per quarter until midyear.
The government recently revised upward its growth forecast for this year, rose 0.75% to 1.4% in the revised budget.
INSEE has published Friday its first figures on French growth in the last quarter of 2009. The government forecasts a GDP drop of 2.25% over the last year.
The detailed values to follow.
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February 6, 2010
It is a Mexican entrepreneur, owner of a chain of hotels in Cancun, which offers a Hublot watch at 700,000 euros. It is a couple of Singaporeans looking for a pied-à-terre in Paris, which is close to 10 million euros on the table for a 400 square meters overlooking the Seine. Or a Parisian lawyer who finally cracked in the Porsche 911 … The dreams of luxury customers are return guaranteed payday loans . After an abrupt end after the bankruptcy of Lehman Brothers followed by a year to land, rich of the planet reflected their platinum cards without false shame. The distribution in these days of record bonuses in finance in New York, London or Paris will only encourage fever after a year of dieting.
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February 4, 2010
The euro fell on Thursday to its lowest level since June 22, 2009. This morning, the euro was worth 1.3827 U.S. dollar before recovering to 1.3834 dollar. The single European currency also retreated against the yen at 125.70 yen.
This drop is explained in particular by the concern of traders due to budgetary problems of many countries in the euro area. Many expect a strong intervention of Europe and even appealed to the International Monetary Fund (IMF) to help Greece to get out of a budget crisis without precedent.
Another concern is about the euro on the currency market, the case of Spain, which has poorly digested crisis including an unemployment rate of nearly 20%.Besides Dominique Strauss-Kahn, IMF head, spoke Thursday on RTL crisis "very strong in Spain and that the country had" an effort "to reduce public deficits one hour payday loan . The Spanish public debt has soared just over 60% of GDP in 2010 while in 2007 it accounted for only 36.2% of GDP.
Tuesday, Paul Krugman, Nobel Prize in Economics in 2008, believed that Spain was the main weakness in the euro area. To this the Spanish Minister of Economic Affairs, Elena Salgado, has responded Thursday by saying on the radio station La Cope: "The euro is a very strong and we continue to strengthen the currency.I see absolutely no risk for the euro area, "adding," there may be a lack of understanding about what the euro means for our economy. "
Another country in the euro area is also starting to worry, Portugal, again because of deteriorating public finances of the country. Besides the titles of Portuguese banks fell by 5 to 6% Thursday on the Lisbon Stock Exchange.
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February 3, 2010
The "opinion leaders" have not yet digested the crisis. The distrust that policymakers feel about financial institutions and banking remains strong, according to the Edelman Trust Barometer 2010 *. The distance is widening not just with the general public. The confidence rating of banks has melted most of the 22 countries of the investigation by the public relations agency. In the United States, for example, has dropped 39 points in three years, falling from 68% in 2007 to 29% in 2010. It is even lower in France, 21% in 2010 (against 41% in 2007).
The technology sector has the symbol
More generally, the confidence of elite companies to progress (54% of "opinion leaders" interviewed). Except in France, where it remains at a very low level (37% this year against 36% last year). If the banking and insurance are at the bottom of the table, the technology sector is racing ahead.Nearly 80% of elites trust it globally, and 70% in France. "The elites can not forgive the banking sector's responsibility in the crisis," Journet analysis Isabelle Rahe, president of Edelman France, in presenting the study. "Beyond the economic impact, it is the lack of transparency that is punished quite heavily."
Pessimism about the lessons learned from the crisis
The opacity of the financial system is well and truly under fire from critics. For 67% of respondents in 22 countries, transparency is a major asset in building the reputation of a company to the responsible management of human resources (63%) and civic attitudes (50%)."The elite give more confidence to businesses that engage in society beyond the creation of wealth and employment," says Antoine Harary, director of StrategyOne, the subsidiary of Edelman specializes in studies and assessments Marketing and Public Relations free credit report online .
But transparency and civic engagement are not everything. As stressed in the barometer makers fear that companies will not return to their "old habits", ignoring the lessons of the crisis. They are 68% internationally and 74% in France to expect that the famous "business as usual" make a comeback after the crisis. Pessimism up to nourish the hope that the elite opinion.That's about profound changes in their working methods that companies will be judged in the future.
* The 11th edition of the Edelman Trust Barometer was conducted among 4875 opinion leaders in 22 countries. The "opinion leaders", according to the criteria of Edelman, are graduates, who earn high incomes and are closely watching the news business and politics.
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Companies that have lost or gained the confidence of French in 2009
Edelman StrategyOne France and joined the research institute OpinionWay to conduct a further study with a sample of 1,000 French.These forty companies have found French or international, citing those in which they more or less confident today than in 2008. Notably, the Post is named in both charts.
• Winners
Google: 31%
E. Leclerc: 26%
Post: 26%
EDF: 24%
France TV: 21%
• Losers
France Telecom: 36%
Societe Generale: 33%
SNCF: 32%
Post: 30%
Total: 30%
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February 1, 2010
Medef to Unemployment Insurance, Union des industries and metal trades (UIMM) becomes very visible social issues. It has always been the heart of its expertise and sphere of influence, but the employers' federation was forced to the discretion, after revelations about the cash withdrawals from his former manager and his huge windfalls anti-strike . IAJ President since late 2007, Frederic Saint-Geours, 59, chief financial officer of SAP, warns against the risks of "clip the wings of the recovery", defends the need for strong industry and answered questions found on the ambitions of "Steelworkers" among employers.
LE FIGARO. – The latest unemployment figure is better. Is this a sign of lasting improvement?
Frédéric SAINT-GEOURS.-feeling of our members on their activities is very varied.Capital goods or export sectors are still in great difficulty. Others are more like the automobile, with the premium snack, or remain at good levels as railway equipment. I have two concerns for the future. First, many companies have exhausted the means for maintaining the relationship with their employees, including partial unemployment. If their order book does not go back, they should ask themselves questions about their workforce. Therefore, the employment situation will not improve substantially until a few months. You have to look if it is possible to extend these devices. Second concern: in two or three months, the companies have completed their 2009 accounts, which are often degraded.If banks apply their analytical tools such classic figures, they refuse many loans – I am not talking about fund investments, but simply increasing needs for working capital resulting from a rebound in activity. The risk is to clip the wings of the recovery. We are working on this with the mediator credit, Gerard Rameix.
You have to participate in the States-General of Industry. The final report sets the goal of "restoring an industrial ambition" to France. Does it still make sense to argue at the national level?
Clearly, yes. Exports from France, this is 80% or 85% of industrial goods.However, if we had kept our market share of ten years ago in world trade, it would be 100 billion euros 'turnover' in addition to France, so perhaps hundreds of thousands of jobs, billions in tax revenue, R & D … But in France, the industry faces obstacles that are not specific to him: taxes, too focused on factors of production, education must increase training to new technologies, new businesses such as green growth, or difficulty in finding long-term financing. Now we need the conclusions of the General does not remain in the state report.
When it comes to the carbon tax, this time you prefer to speak to Europe!
Exactly.The business tax was a mistake French, it is deleted and that is not enough to put French industry at par with its rivals in terms of competitiveness – and I speak of our European rivals, not Chinese! Do not create another anomaly French with the carbon tax.
On behalf of the same desire to save France in the industry, the state interferes in the strategy of Renault and Total. Shoot there too far interventionism?
The State must play its role as guarantor, no manager. The dialogue, the contract may be more effective than law and regulation, because they give companies greater flexibility, flexibility.That is how the UIMM signed agreements on training, employment of older workers, after taking a diagnosis with the unions in the sector.
The Delegate General of the UIMM, Jean-François Pilliard, took the head of the Social Protection Committee of the MEDEF. So, does it change the approach to the appointment pensions?
I recommend that we proceed at cross as we used to do in the UIMM: establish a working group, consult widely to build the position of business before entering the "hard" discussions. This must be done quickly, but there are already many tests. Finding a consensus will be difficult, but we must absolutely try.
Your annual convention, March 18, will focus on how employers' organizations can be useful to businesses.Three months after the start of the food industry, the MEDEF should it be seen as a veiled threat?
On the contrary! The subject is exactly one: from business needs and how to respond with a simple, cost control, and effective. Effective, that is to say, which makes a service to members (of the economy, tax, legal, social …) which allows them to best be heard locally and nationally. This suggests the most appropriate organizations. Asking these questions is not a threat, as an aid to employers throughout the world. How many times have we heard of the structural complexity employers!
Should we open the question of the employer's representative?
I can not imagine anyone not treated during the convention. I would add that the UIMM be extremely firm on the joint system: it must develop.We need stronger intermediary bodies to better address important issues, which must generate the widest possible accession. As to the joint management (Insurance Unemployment Agirc-Arco …), it must go further now that the new rules of representation reinforcing the legitimacy of unions. This requires changing the rules of governance, transparency, funding. It is possible the UIMM did in six months.
Do you agree with the criticism of the President of the MEDEF?
There is no question for us to weaken the MEDEF. Businesses need a strong employer representation and united.Our convention and the arrival of Jean-François Pilliard as President of the Welfare Committee of MEDEF serve to strengthen it.
But when your delegate said that joining the team of Laurence Parisot does not constitute support for the renewal of its mandate, it is a sign of defiance!
Not at all. What is being done every day, Jean-François Pilliard and me? We work. In UIMM and MEDEF. We are all employers who are negotiating delegations, which met the government. No confidence, we serve the cross. I do not say it was easy every day …
The present UIMM Does a candidate for President of the MEDEF?
We will do things in order. We will set our direction in our convention. We'll see if one candidate or another the endorsement.Otherwise, we'll see.
Where are your projects using your famous "kitty"?
Again, the idea is to use these reserves heritage as a service to businesses. What are their issues? Develop. In January alone, our system of capital development has taken investment decisions totaling 9 million euros, and these are multiplied by 4 to 10 other investors. Second issue, recruit. We will launch the next wave of our communication campaign in the spring, to show young people that may be realized in the industry. And we've released several million as part of our integration fund to help companies find skills, including among those furthest from employment. Finally last challenge, innovate.Our other endowment funds joint research projects university-industry or education programs that meet the needs of businesses.
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January 30, 2010
He took his time. But the New York jury delivered its verdict on Friday evening the group of telecommunications and media company Vivendi sued by shareholders ruined by its near-collapse in 2002, was convicted of misleading communication. Its CEO at the time, Jean-Marie Messier, has instead been milled.
As expected, Vivendi's lawyer Paul Saunders immediately announced he would appeal, and that he intended to "win". "We are satisfied that the damage is half of what the plaintiffs claimed this side there is a partial victory," said the lawyer. The plaintiff had estimated that damages could rise to 11.5 billion dollars.
Messier absent when the verdict
Jean-Marie Messier and Guillaume Hannezo, its chief financial officer, were absent when the verdict.They have yet to appear in magistrate in Paris in the spring, with five other executives of Vivendi, including responding to charges of disseminating false or misleading information, price manipulation and abuse of social goods, which they could worth up to 5 years imprisonment and heavy fines for bad credit payday advance .
After three months of trial, the nine board members of the Federal Court had to decide on 57 points very technical. After answering a series of questions establishing the guilt of the accused or not, they have, for each trading day occurring between October 2000 and August 2002, "determine the amount of inflation being caused by the fraud alleged" .
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January 29, 2010
The French group displays and street furniture, JCDecaux, released on Thursday its sales in 2009, amounting to 1, 92 billion euros, down 11.5% compared to 2008.
This figure reflects the sharp drop in advertising business, the more cyclical activity of the group and the only fully established in Europe. She has indeed recorded a decline in organic sales of 16.1%. Activities Furniture Urban Transport and proved somewhat more resistant, their respective sales down 12.1% to 934 million euros and 6.3% to 589.6 million euros. Organic growth at constant scope and exchange rates, amounted to -10.9%, while the group expected a decline of 12.5%.
"The reduction in advertising budgets and a strong pressure on prices led to a decline in global advertising market, including internet, expected around 10%," said Jean-Francois Decaux, CEO and Co-CEO JCDecaux.
2009 the worst year since 1964
The annual report for France, compiled Wednesday by Kantar Media Institute, revealed growth "historically low" advertising market (+1.4%), outdoor (posters and street furniture) is the medium most affected (-8.7%).
In the fourth quarter, sales fell by 7.2% to 561.6 million euros. A perimeter and constant exchange rates the growth was -4.9%.
"2009 is undoubtedly the toughest year that JCDecaux has faced since the inception of the company in 1964, said Jean-Francois Decaux instant payday loan . The reduction in advertising budgets and a strong pressure on prices led to a decline in global advertising market, including on-line, expected around 10%.
Sales in Asia and North America most resistant
Europe, excluding France and the United Kingdom, presented a decrease in turnover from 16.7% to 650.9 million euros. La France has decreased its turnover by 8.7%, despite a difficult advertising environment and a strong performance in 2008 (organic growth of 4.8%).
The United Kingdom is the area that experienced the largest decline in fiscal 2009 (-25.5%), improving economic conditions, however, clearly in the fourth quarter. Asia-Pacific and North America have been stronger with declines of 6.7% to 300.9 million euros and 6.5% to 146.2 million euros.
"The group has benefited in the fourth quarter with a slight recovery in advertising spending and increased its exposure to emerging markets. The more positive view of advertisers found on some markets in September, seems to continue in the first quarter of this year. This allows us to be, for now, confident in the ability of JCDecaux to reach a rate of positive organic growth in the first quarter of 2010, "concludes Jean-François Decaux.
The annual results 2009 JC Decaux will be published pre-market March 10, 2010.
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January 27, 2010
Patrick Devedjian is satisfied. The Minister responsible for the Renewal announced Tuesday in a statement that the device scrapping bonus launched by the government in a period of turbulence in the automotive sector, has affected 600,000 new vehicles purchased in 2009, one quarter of 2.268 million cars sold in the year. In November last year already, Patrick Devedjian had advanced this figure, convinced that 220,000 premium originally budgeted by the government would be largely exceeded.
The minister welcomed a device that he says has helped make 2009 the best year since 1990 "in terms of number of new registrations, the latter have actually jumped from 10.7% a year.To the Minister of Recovery, that premium has to save between 24,000 and 33,000 jobs in the automotive industry.
The French builders big winners
The scrapping bonus has mainly benefited the smaller vehicles that consume less fuel than the others. What are the French manufacturers, entrenched in this segment are the big winners of the device. They account for nearly 60% of premiums distributed.
Citroën and 122,618 vehicles passed through the scrap bonus, closely followed by Renault (115 business card .311) And Peugeot (101,516). Dacia Group Renault (32,344) and Ford (30,908) lagged far behind, according to figures provided by the department.
Manage post premium
"The scrapping bonus has achieved all its objectives in 2009, welcomed the minister. But it said that the hardest part is yet to come.He will now have to "deal effectively" lower the amount of the premium, which began in 2010. Since 1 January, the premium case is indeed back 1,000 euros to 700 euros. It should gradually decline in the rest of the year to 500 euros on 1 July.
But manufacturers are not yet ready to release the magnet to customers. To mitigate the cuts, nearly all manufacturers provided discounts. Renault has announced it will add 300 euros compensation until the end of February. Citroën offers 700 euro for cars over 10 years and 1,500 euros for those aged 8 to 10 years.Peugeot offers even in the context of his "very, very nice business, doubling the amount of the premium for the current increase to 1,400 euros.
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January 19, 2010
In an aviation context depressed, ATR is holding its own game in 2009, the Toulouse-based company specializing in the construction of regional aircraft has recorded 40 firm orders and 17 options. It has delivered 54 aircraft. She has on order 136 planes today, representing a workload of more than two years. 43% of these orders relate to its new range, the ATR-42 600 and ATR-72 600.
During this same year 2009, the Spanish airline Air Nostrum and Royal Air Morocco were among its largest customers, with respectively 10 and 6 devices. The reason ATR through the crisis with such ease is the design of its aircraft, which consume 40% less fuel than jets.
A given that airlines are very sensitive. The market share in turboprop regional aircraft can only increase.In 2009 the turnover of ATR have been $ 1.4 billion, an increase of 7% over 2008. A record.
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January 15, 2010
The case of the possible relocation of the future of Renault Clio in Turkey is still rising a notch. Nicolas Sarkozy has expressed Wednesday his irritation with his vows to parliamentarians at the Elysee, "We do not put so much money to support our manufacturers to ensure that all plants go outside." And this message the head of state has to pass directly to Carlos Ghosn, CEO of Renault, he will receive Saturday at the Elysee.
Wednesday Christian Estrosi, Minister of Industry, has shown the same firmness after a meeting with Patrick Pelata Bercy, the CEO of Renault. The Minister has shelled the long list of grants awarded since the beginning of 2009. Three billion loan was granted to Renault (all PSA).Flins received aid from 100 million euros for the production of Zoe, electric cars Renault (launch scheduled in 2012) and 150 million euros from the ISP for its project to produce batteries. In addition, there are 600 million euros bonus for breaking, which allowed the sale of 600 000 additional cars and the abolition of the tax.
"The government has enough evidence to say an industrial strategy," says the minister said that the state holds a 15% shareholding in Renault and two posts. It is also possible that the state seeks more seats on the board.But the number of directors is proportional to the percentage of equity held by an Act of October 30, 1935.
Wednesday, Patrick Pelata played the card of appeasement, saying that "no decision has yet been taken regarding the future production of Clio in 2013. Several scenarios are possible. The production will be maintained at Clio Flins, "as Zoe does not saturate the capacity of the site, which would be a fantastic scenario," said the skipper of the brand. However he also said that "production in France is good for vehicles with high added value. It is difficult in the low range. A shade as the government seems unwilling to consider.
A Clio for France
He asked three requirements to Renault, which has only a few days to find answers.Firstly, the group must incorporate as possible suppliers and subcontractors French to its industrial. More components must be manufactured in France.
Then, Christian Estrosi does not decrease production or declining enrollment in Flins, which currently produces 150 000 Clio. Finally, the Government intends to maintain the territory the production of Clio, regardless of the success of Zoe. Renault will have to determine what other sites the French Clio IV could be fabricated. No way to transfer the production in Bursa in Turkey, which are currently produced 180 000 Clio.Christian Estrosi does not want the share Flins parte in Bursa, but remains in France.
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