Archive for the 'business' Category
After the 2010 reform, pensions should not be a real issue this year in the budget of the social security system. In fact, the main novelty of this result to come Woerth reform: the legal age will increase to 60 years and 8 months for those born in 1952. The other change was as expected since it corresponds to Nicolas Sarkozy's commitment to increase the "small pensions" by 25% during his five-year term: this will be done on April 1, with a final increase of 4.7 % of the minimum pension for single people.
But Thursday, François Fillon has caused confusion. Referring to the economic convergence between France and Germany, he said that things were moving in the field of corporate tax.He added: "It will take time to go to a joint work towards a common retirement age, to a gradual convergence of economic and social organization of our two countries." But the retirement age with full pension, except for long careers, will be increased to 67 years across the Rhine by 2029.
"Target needed '
Trial balloon of "Fillon-the-discipline"? Clumsiness (this passage was the only improvised his speech)? Applies to defuse his entourage: "Convergence is a general purpose necessary to maintain the competitiveness of France. The recent pension reform is an element of social convergence, and the government does not intend to go beyond in the coming months, "says an adviser.And up, tongue-in-cheek, that the barrier of 67 years had not been mentioned, and that convergence might as well be on "our" 62 years installment payday loans…
In fact, it would be difficult for the Prime Minister to explain that further reform is needed, a year after he hammered the previous balance the books. But in the midst of primary socialist and the day of the budget of the social security, his statement could hardly go unnoticed. For François Hollande, Fillon "revealed the program of Nicolas Sarkozy" in 2012. Segolene Royal accused her of "not being honest", the systems are so different that any comparison between the 67-year German and French 62 years is risky.Exact to the point that Valerie Pécresse also used the argument to play the controversy, noting that the retirement age without financial penalty for people without all their quarters of contribution, would be increased from 2023 in France … in 67 years.
These subtleties have also pushed Martine Aubry to say that the Prime Minister does "not know the subject" and "has a problem with the actual figures." What afoul of Xavier Bertrand: "She would have done better to remain silent. If there is one subject on which the PS has done nothing, other reports and reports of decisions, it's pensions, "responded the Minister of Labour.
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Lefigaro.fr – Can we say that Kweku Adoboli is "the new Kerviel"?
Frederic Boulier – It is true that there are many similarities with the Kerviel affair. The amounts are lost in the same order of magnitude. Jerome Kerviel lost 4.9 billion euros at Societe Generale, but before the "unwinding" of his positions, the loss amounted to 1.5 billion euros. In addition, two young traders of thirty years who do not leave the harem and who have a priori not studied mathematics attacks.If such solutions were introduced to Jérôme Kerviel, the fraud was detected nine months in advance.
The laxity of financial institutions will he accelerate the reform of British banking system?
I do not see because the British government stand by to this new fraud. Today, a single trader can place a financial institution to its knees if there is not an effective risk control upstream. It should probably expect the introduction of special measures to strengthen the role of authorities to monitor the control of financial institutions.Since the Kerviel affair and the "subprime" mistrust vis-à-vis banks is clearly went crescendo.
Why banks have not they learned from the Kerviel affair?
It is difficult to generalize and say that the lessons of the Kerviel affair were not included. This is not the financial system is to question, even if it is true that there are likely other fraud of this magnitude. Moreover, according to statistics, there are all two or three years. We can not avoid all financial frauds. However, one can detect some with software solutions that I advanced earlier and limit losses to a few million or tens of millions of euros.
Is it the fabulous bonuses which encourage traders to take risks as important?
It is true that greed can push market participants to take some unnecessary risks. But in 99% of cases of fraud, be aware there is no direct personal gain. Traders are sometimes victims of runaway losses due to the desire to "chasing" in the jargon of traders.
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"Kweku Adoboli, a trader hard working, fun-loving and generous
»IN PICTURES – The largest financial fraud
Site managers have the smile of memory. While attendance at places recalling the two world wars is rising, the events will be even more gratifying. In 2014 will indeed be celebrating the centenary of the beginning of the First World War. A great event that is expected to attract many visitors, French and foreign.
A study Trump France on the economic weight of this sector, 56% of managers has provided for very short-term investments to enlarge the reception area, improve the scenery of the place, upgrading showrooms or implement new services such as mobile applications.At the Douaumont ossuary, in Lorraine, where a cemetery pays tribute to fallen victims of the Battle of Verdun, the projects are already defined: "We expect the complete renovation of the monument which will be subsidized by the state, region and department. New exhibits will also be installed, "said one official.
The Museum of the Great War in Peronne, efforts will focus on the renovation media: "we will launch the iPhone and Android affecting up to visitors. They will be more useful in 2014 when more people will be equipped smartphones, "said Karine Loison, Cultural Attaché of the museum. "These are important tools to enhance exhibitions, highlighting items that we keep in reserve, which allows video recording, interactive courses for children," she adds.Other changes to the program, including signage and the replacement of audio-guides "a little tired," will be detailed to the public on the museum site in September. "We must prepare for this year 2014 will be very important," said Karine Loison.
"Hang the young"
More massive investments will even give rise to new infrastructure. Among the flagship projects include the opening and in the country of Meaux (Seine-et-Marne) Museum of the Great War of 7000 square meters, which will use the latest technology no teletrek payday advance. It was inaugurated on 11 November. "It's both a museum of history and society, to help understand the contemporary world," said the mayor of Meaux, Jean-Francois Cope, at the First Assembly of remembrance tourism held in Senate in May
"It should also be noted that France has the remains important in its territory that must develop, enhance," says Joseph Zimet, deputy director of the memory of the heritage and archives of the Ministry of Defence, which states that scarcity of witnesses is also one of the reasons why managers to invest to preserve the memory of these places. The longer term objective is clear: "hang the younger generation" a duty to remember. "The 100th anniversary will take place in the heart of the miracle of peace in Europe, to be put forward," said Daniel Percheron, President of the Regional Council of Nord / Pas-de-Calais, which emphasizes "the universal dimension" of the event.
Meanwhile, the management of memory and heritage archives of the Ministry of Defence hopes to establish a tourism observatory memory and perpetuate the appointment of foundation organized around its players. The next will be held in Lille in 2013.
SEE:
"The site interdepartmental www.cheminsdememoire.gouv.fr, which lists all the important memorial sites in France.
"The video presentation produced by the Ministry of Defence and projected opening of the Assembly of Tourism Memory:
On the paths of Memory: MEMORY FOUNDATIONS OF TOURISM davbon99 from on Vimeo.
Shortly before the opening on Tuesday on Wall Street index futures Standard & Poor's 500 and Nasdaq 100, respectively, yielded 0.74% to 1199.20 points and 2207.50 points to 0.56%. The Dow Jones was waiting for his part, down 0.59% at 11,449 points.
After the flight of the day, the New York Stock Exchange and could catch his breath at the opening on Tuesday. Profit taking, mixed with caution always appreciated by investors, seem to encourage U.S. stock markets to begin the session backwards. Even if the words, held last Friday by the Federal Reserve Chairman Ben Bernanke reassured, prompting indexes rebounded strongly yesterday, investors remain worried.As recalled in a note Tuesday that Jean-Michel Six, chief Europe economist for Standard & Poor's, a "recession" double-dip "is preventable, but the risk increases."
Real Estate and Consumer Menu
Investors monitor more than ever the various macroeconomic indicators of the week free credit report and score. Both are on the agenda for this Tuesday: the Case-Shiller real estate index of house prices for June, from 15.00. Then will come at 16:00, the numbers of consumer confidence for August.
The minutes of the Federal Reserve (Fed) minutes of the last meeting of 9 August, the Monetary Policy Committee (FOMC) of the U.S. central bank will also be observed under the microscope, after market close, at 20:00 Paris time .
On the corporate side, no major publication on Tuesday.Bank of America on Monday launched a new large-scale operation to strengthen its capital by selling about half its stake in China Construction Bank, which allows him to approach the future requirements of rules known as "Basel III". The bank will retain 5% stake in the establishment of China (BCC) after this transaction, which must be completed by the end of September. The sale includes 13.1 million shares of the CCB to a group of investors.
The battle for clean cars through renewable energy. Volkswagen, at least, is convinced. The first European car manufacturer is preparing to allocate 1 billion euros to investments in wind, according to the Financial Times Deutschland. It is much more than the expected 600 million more in June by the German firm. Especially since Volkswagen is also pursuing projects in solar and hydropower.
Side wind, the manufacturer would consider equity participation in two offshore wind farms and a partnership with an operator in the industry. These investments contribute to the effort of the group, which wants to reduce its CO2 emissions by 40% in ten years. A concern of the entire industry, faced with the requirements of the Kyoto agreements.
Manufacturers are working extra hard.Volkswagen has completed an agreement in July with Verbund Austrian energy for the latter to furnish 10% of the consumption of its German plants from hydropower. Rival BMW, he has chosen to implement four wind turbines to meet the energy needs of its pilot plant in Leipzig. For its part, Renault formalized in mid-year launch of the biggest photovoltaic project in the world of the automobile easy payday loans. The diamond brand intends to equip its factories with solar panels and other sites handling, or 450 000 m2 the equivalent of 60 football fields. Renault also uses biomass at its plant in Tangiers. But the renewed interest does not end there for the automotive industry.Access to clean energy is one of the strategic equation as Volkswagen, Renault and Toyota are trying to solve other for electric cars.
Green Transport
It is not enough, in fact, to get rid of the gas pump for the valuable label "clean car". In particular, consumers want to ensure that the electricity powering the battery is of solar, wind and others. What strengthen the links between energy operators, be they producers or network operators, and car manufacturers.
Peugeot, which has just launched its electric car iOn, signed in early August a partnership with Iberdrola in Spain.The giant of renewable energy it sells a package "green mobility" where he provides funding to acquire an electric car charging stations and energy supply to 100% "clean". The two groups agreed to promote each other's bids.
New black day on Wall Street. After opening in the dark red (-2.19% for the Dow and -3% for the Nasdaq), the New York Stock Exchange closed down a massive. The Dow Jones lost 3.68% to 10,990.58 points and the Nasdaq was unscrewed from 5.22% to 2380.43 points.
The New York Stock Exchange, which has already ended the session on Wednesday on a very hesitant, was weighed down by fears of contagion from the crisis of European debt to U.S. banks and the threat of a relapse of economy after disappointing figures on the employment front in the United States. Symbol of this fear on the recovery, oil finished down 6% in New York, a barrel of "light sweet crude" for September delivery ended at 82.38 dollars.
In Europe, stock markets have been driven into the red, pulled down by banking shares.The markets are worried about the global economic downturn, following the release of retail sales increased very slightly in Britain.
Morgan Stanley is concerned about global growth
Morgan Stanley also lowered its growth forecast of the global economy for the years 2011 and 2012, the revision is stronger for developed countries. In a note published Thursday, the U.S. investment bank now expects growth in global gross domestic product (GDP) of 3.9% in 2011, against 4.2% previously and 3.8% in 2012, instead 4.5%.
The bad mood is compounded by a series of important indicators in the U.S. on Thursday and go in the direction of a faltering economic recovery.
First bad news earlier this afternoon with the weekly jobless claims: The Labor Department reported a larger increase than expected last week. They reach 408,000 registrations, against 399,000 the previous week. Economists on average had expected 400,000. The consumer prices have in turn increased more than expected in July (0.5%), driven by the rebound in gasoline prices.
The index of the Philadelphia Fed, the "Philly Fed" came out in very sharp decline in August, well below expectations. It plunged to -30.7 in August from 3.2 in July, while the consensus of analysts expected a slight rebound to 3.7.He thus reached its lowest level since March 2009.
The U.S. index of leading indicators, however, increased more than expected in July to a record high, due to growth in money supply and a decline in jobless claims, the Conference Board said Thursday.
Finally, existing home resales fell contrary to expectations: they were down 3.5% in July, while analysts expected a 3.8% increase, according to figures from the NAR.
New record for gold
In terms of raw materials, while the stock markets fall, gold has reached a new record on Thursday: an ounce of the precious metal rose to 1816.25 dollars on the spot market. Oil markets, prices opened down sharply in New York, the new access affected in a bad mood.To 15 hours (French time), a barrel of "light sweet crude" for September delivery was trading at 85.02 dollars, down 2.56 dollars compared to the previous day.
On the currency markets, the euro lost some ground against the dollar, struggling to find direction in a sluggish market and cautious with the release of U.S. indicators and always weighed down by the debt crisis in the eurozone. At the close of Wall Street, the euro bought 1.4345 dollars against 1.4428 dollars late Wednesday.
Values of the day
Hewlett-Packard, which published its results before the scheduled time (turnover of 31.2 billion, in line with expectations) and resulted in a trading halt, announced it was negotiating the purchase of Autonomy Corp., a transaction by Bloomberg estimated 10 billion dollars. It envisages the other to separate its computer division, its largest business, but less profitable.It also abandons the tablet touchpad.
NetApp declined by 14.04% in early trade to 35.81 dollars. The group missed the consensus for its first quarter of fiscal 2012, with a turnover of 1.46 billion, against $ 1.51 billion expected by analysts. The net decrease of $ 150.7 million to $ 139.5 million
The communications systems equipment supplier JDS Uniphase (-12.81% to 10.20 dollars) has reported a net quarterly profit of $ 9.3 million, or 4 cents per share against 1.5 million the last year. It provides a low turnover in respect of its first quarter due to adverse economic conditions, but is optimistic in view of its order book.
Coca-Cola (-2.14% to 67.80 dollars) will invest four billion dollars more in China between 2012 and 2014, reported Thursday the New China News Agency, quoting the CEO of the world's leading soft drinks.
Sears Holdings (-8.16% to 55.23 dollars) reported a higher loss than expected in the second quarter, sales were weak and the promotions have started margins.
Ross Stores (-4.86% to 68.31 dollars) has reported a better than expected pofitive the second quarter but is cautious about these results for the rest of the year in a difficult environment.
Dollar Tree (-1.34% to 70.84 dollars) has reported an increase of 22% of its profit in the second quarter.The distributor has revised upwards its forecast for earnings per share (between 3.82 and 3.95 against 3.69 dollars and 3.85 dollars expected in May).
IBM (-4.46% to 163.83 dollars) is one of two candidates vying to buy at Lufthansa subsidiary Lufthansa Systems, the German press reported Thursday. Another potential buyer is the conglomerate Tata Group.
Gap (-5.48% to 15.52 dollars) and Foot Locker (-6% to 17.56 dollars) must publish their results after the close.
American billionaire Warren Buffett wants his share of sacrifice to help America reduce its budget deficit. In an article published in The New York Times, the head of Berkshire Hathaway investment fund called on parliamentarians to raise taxes on Americans with annual incomes exceed a million dollars, and even more taxing those who earn more than ten million dollars per year.
He said it does not hurt to use or for investment, while helping to clean up the country's finances. "Our leaders have called for shared sacrifice, he writes. But when they did ask, they spared me. I checked with my friends to see which mégariches sacrifices they expected payday loans in 1 hour.Them either were not affected. "Warren Buffett has led his small survey: last year's tax rate accounted for 17.4% of its taxable income, while that of 20 workers in his office was between 33% and 41%.
"While the poor and middle class fighting for us in Afghanistan, and while many Americans are struggling to make ends meet, we, the mégariches, continue to benefit from special tax exemptions," says the American billionaire.
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In the wake of Wall Street, the indices showed last green. The U.S. indices were offered a breath of oxygen, the ones who had suffered a Monday night session black. But did not count on the intervention of the Fed, which ended the great rebound: the Central Bank of the United States (Fed) announced Tuesday it would keep its key interest rate near zero " at least until mid-2013 "and that it was considering new stimulus package to help the economy. These ads have been justified by growth 'considerably slower' than expected and risks "have increased".
What investors consolidate their fear that the U.S. economy slow down seriously. Around 20:30, the Dow Jones clawing over 0.04% to 10,814 points, still below 11,000 points, after crossing the water line briefly.The Standard & Poor's 500 and 100 Nadsad, highly volatile, yet amounted respectively to 1.21% and 1.98%, whereas increases were much more frank queqlues minutes before the Fed speaks. The Fed should seek a delicate compromise between indications that reassure investors around the world, and a formulation that is acceptable to the enemies of inflation.
Also very anxious before the meeting with the Fed, the European and Asian stock market finally closed in the red after a session yoyo. In Paris the CAC 40 fell below 3,000 points for the first time since July 2009. But the trend seems to have subsided, the indices being pressed into the green in the afternoon.
Plummeting after the deteriorating U.S. debt rating last Friday, the Dow ended Monday down 5.55%, falling to 10,809.80 and the lowest level in 10 months. It dropped below the 11,000 points for the first time since October. The Nasdaq, dominated by technology, more copiously unscrewed further, down 6.90%. The speech of President Barack Obama yesterday at the meeting, has little reassured the markets, which have severely plummeted, from both sides of the Atlantic. Furthermore, degradation, on Monday, Standard & Poor's, unsecured notes of Fanny Mae and Freddie Mac, organizations refinancing home loans, a, yesterday, still darkened the picture.These organisms probably were punished because of their dependence on the U.S. federal government.
Global oil demand to decrease
The Organization of Petroleum Exporting Countries Tuesday lowered its forecast for growth in global demand for crude in 2011, citing deteriorating macroeconomic outlook in most advanced economies. In its monthly report, OPEC reduced its forecast of 150,000 barrels per day (bpd) now and plans for this year growth in global demand of 1.21 million bpd of crude.In financial markets, oil prices were up Tuesday at the opening in New York (13 cents to 81.54 dollars), offering an impressive rebound Oil prices were up Tuesday at the opening New York, offering an impressive rebound after falling to levels seen since September.
Earlier this afternoon, investors are aware of a new better than expected, but still not glorifying to the future of U.S. growth. Productivity, which measures hourly output per worker, fell at an annual rate of 0.3% over the period April to June after falling 0.6% the previous quarter (revised from 1.8%). The market expected it folds down from 0.8% in the second quarter.
Face communication at high risk of the Fed tonight, "it is clear that the average productivity of U.S. companies in the second quarter is very far from the concerns of the market and will go unnoticed" analysts suggest Aurel BGC. Especially since the figure is clearly negative, the victim of an increasingly weakened growth.
The market capitalization of U.S. computer maker Apple has briefly exceeded that of the oil giant ExxonMobbil Tuesday, becoming the most expensive company in the world, said a specialist told AFP. The market capitalization of both groups were around 340 billion dollars in the afternoon in New York, told AFP Volokhine Gregory, head of markets for the company portfolio management Meeschaert New York. That of Apple rose temporarily above that of ExxonMobil to 7:20 p.m..
Cyprus is on the brink both economically and politically. Many speculate that the country, which joined the euro in 2008 to become the fourth of the area to apply for financial support.
The situation worsened with the explosion on July 11 last of a shipment of arms on a naval base. The tragedy left 13 dead and destroyed the main power plant on the island that produced 60% of its electricity. Since the disaster, Cyprus is facing a government crisis. Daily demonstrations demanding the resignation of President Demetris Christofias. To calm discontent, the latter requested the July 28 resignation of the government to conduct a reshuffle.
In addition, the economy ends up weaker than ever. The rating agency Moody's has revised its forecast for GDP growth of 1.5% this year and 2.5% in 2012 down after the explosion.It provides stability in 2011 and a 1% growth in 2012. In addition to the cost of rebuilding the plant and import of electricity in the interval – valued at over one billion euros – daily cuts disrupt an economy already weakened by the crisis. As a result, Standard & Poor's and Moody's both lowered the rating last week in Cyprus due to budgetary concerns of the country.
The banks are the Achilles heel of the Cypriots. Bank of Cyprus, the largest financial institution on the island, called earlier this week the government in Nicosia to take prompt action to prevent the country does need a financial rescue plan. "Unless we act, we risk the ability of the state to refinance and the consequences will be immediate and serious," the bank said in a statement.
The deficit is widening
Especially since the official debt of Cyprus – which is about 61% of GDP – may actually be higher according to some experts. End of 2010, the agency Stock Watch estimates that the debt was around Cyprus 105% of GDP, if we include the debt of social security funds. Enough to feed all the speculation? The spokesman of the Commissioner of Financial Services, Chantal Hughes said Tuesday he was "no question of an assistance plan" because the country is "determined to do what is necessary in terms of fiscal consolidation" . However, the deficit in the first half widened sharply, reaching 3.5% of GDP against 1.9% a year earlier.
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"SPECIAL – Europe, States facing bankruptcy
Relief. Is the word that prevails today in all of world stock markets, after U.S. lawmakers passed this night finally put to an agreement on raising the ceiling on the debt. In the wake of the Asian stock markets, the benchmark index in Paris went on Monday morning from 1.28% to 3718.38 points, and gained further 0.84% to 3702.21 points in mid-session. Without emphasis, therefore, probably in May, the CAC 40 bounced finally, after losing 7.8% in July, of which only 4.4% over the last week.
Last week, the inability of the United States to solve the problem of public finances had weighed on investor sentiment. In Paris the CAC 40 was indeed touched its lowest level in session year (3,630.75 points), while Wall Street finished its worst week in a year, despite the intervention of Obama Friday in an attempt to reassure debt.
After the relief 10 days ago on Greek sovereign debt, the second bailout should be voted on Monday by French deputies, optimism is therefore in the financial center of Paris. After weeks of negotiations, elected Democrats and Republicans have indeed finally found common ground on the amount of new ceiling, avoiding the world's largest economy is not found in default of payment in the coming days.
According to preliminary information provided by the White House, the debt ceiling would be raised to 2.1 trillion dollars less, breathe new life in the United States on the forehead of the debt until 2013, after the elections presidential. This agreement in principle will also enable the countries to continue to borrow on the markets beyond the August 2 deadline set by the Treasury.
The reaction of rating agencies expected
On the other hand, no excessive optimism sustainable are to be expected in financial markets, at least until the U.S. Congress has not ratified the agreement. The first submission is expected to vote that day. Furthermore, few details have yet filtered on measures taken to reduce the deficit in the U.S., which does not exclude the possibility of deterioration in the rating of the sovereign debt of the United States.
For now, the first tranche of spending cuts of $ 1 trillion is expected. Then a bipartisan special committee of Congress will be responsible for finding the end of November additional expenditure cuts amounting to 1.5 trillion dollars. A total of 2.5 trillion dollars in budget cuts, all over 10 years.From this point of view, the reaction of rating agencies in this agreement called the "medium term" should be widely adopted by the markets in the coming hours.
On the currency front, the dollar has benefited only modestly from the announcement of the night, illustrating the temporary nature of such an agreement. The euro was little changed at 1.443 dollar. The ounce of gold reperd some ground in 1614 Dollard.
In terms of oil prices were up on Monday in a market relieved by this agreement in extremis. A barrel of "light sweet crude" for September delivery gained 1.37 dollars to 97.01 even dollars in mid-day.
Macroeconomic side, investors will appreciate, at 11:00, the publication of a stable unemployment rate in the Eurozone in June to 9.9% of the workforce, according to EU statistics office Eurostat.The unemployment rate is now 9.9% for four months.
Manufacturing index to the lowest in Europe
Less good news, however, on the front of the growth of manufacturing, reflecting a sharp slowdown in July in the euro area, as confirmed on Monday the second estimate of the PMI purchasing managers, at its lowest level in a year and a half. The manufacturing PMI fell to 50.4 points against 52 in June, the company said that performs Markit index, confirming its preliminary estimate published in mid-July.
Overseas are also expected to 16h construction spending for the month of June, the ISM manufacturing index for July, which should appear in decline.
As for values to follow
Last week, the numerous quarterly publications were rather disappointing, adding to the nervousness of investors.The pace slows down this week, though are expected in the next three days the details of the interim bank shares.
After the U.S. agreement, the entire industry is also well oriented in mid-session: BNP Paribas gained 0.54% to 45.71 euros (the bank will release its results on Tuesday), Societe Generale s' awards 0.76%, to 35 euros (Wednesday results), AXA, 2.10%, to 13.38 euros, and Natixis, 1.51% to 3.22 euros on Thursday).
The Committee of French Automobile Manufacturers (CCFA) announced a decline of 5.9% of new car registrations in France in July, up 159,945 units sold. Sealed by the plunge of its brand Dacia, Renault sales were down 12.4%, but stock market, the title is better than the market (0.12% to 37.31 euros).This is not the case of Peugeot, which despite a more moderate decline in sales (-7%), displays one of the worst performance of the CAC 40 (-2.41% to 25.9 euros).
EADS (1.10% to 24.46%) announced this morning that the takeover from Apax Partners Vizada, a provider of communication services for 673 million euros, the second largest purchase of his history. The transaction will be financed entirely by cash.
Eiffage (0.52% to 38.36 euros) reported a slight slowdown in growth in the second quarter despite a sharp rebound from its construction activities, the division of public works who registered down over the period.
Outremer Telecom (0.42% to 12 euros).A draft tender offer simplified to the telecom operator was introduced by OMT Invest, a structure controlled by Axa Private Equity, according to a notice to the Financial Markets Authority (AMF) and released Friday.
EDF Energies Nouvelles (suspended) entered into exclusive negotiations with Capital Perceva to cede control of Supra, the fund feeds the project to file a simplified takeover bid at the end of the process. The listing of EDF Energies Nouvelles has been suspended following the July 21 filing with the AMF, a project by EDF squeeze.The withdrawal and cancellation of the shares of Euronext Paris EDF EN should be held no later than mid-August.
HSBC (3.95% to 7.10 euros) The UK bank listed in Paris, which will publish its results after market close for the first six months of the year, announced it would sell to First Niagara Bank near half (195 branches) of its retail banking activities in the United States. The transaction amount is estimated at $ 1 billion.
General Health (1.55% to 10.47 euros) issued a sharp drop in operating profit in the first half due to exceptional items, but its revenue rose due to higher stays acute care.
Recylex (6.83% to 6.10 euros) on Friday issued a Revenue for the second quarter increased significantly, from 32% to 125.34 million euros, supported by an increase of 48% of its lead recycling business thanks to the 16% increase of lead prices and increased sales volumes.
Air Liquide (2.55%, to 98.4 euros) the gas giant on Monday reported a 11% increase in net profit in the first half, to 750 million euros. It maintained its forecast a "steady increase" in net profit for the year.
Note that Gameloft will publish its interim results after market close, while Le Noble Age unveil at the same time state sales for the same period.
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