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Normal gas emerging. This seems to be the new motto Aschenbroich Jacques, head of the automotive supplier Valeo. In an interview with Echos on Thursday, it announced a turnaround strategy that would push the group to increase the share of investment in these countries in two thirds of the total against 50% today. In his sights: China, India, South East or Turkey. "In 2013, automobile production in mature countries is less than or equal to the pre-crisis and we have the capacity to meet demand," justify "he said. This operation therefore tantamount to "minimize their investment in mature countries.
Jacques Aschenbroich sweeping indictment of any future relocation. "Valeo produces much more in France than it sells. And our research and development is mainly based in France, "says he.It benefits the transition to dent the French model: "What strikes me is that in ten years, the average hourly cost of France became higher than in Germany. It is a concern. "
Green energy and transfer program
In addition to this new direction for investment, the director of the OEM plans to put the package on green energy. According to him, "some 70% to 80%" of product lines will be affected. The group plans to focus on "vehicle electrification" or the "micro hybrid".
In this context, Valeo does not separate himself from some activities, after selling its range of weightings for lighthouses: "We are thinking whether we should we produce our own components or purchase them, which could result of disposals in the coming months, "explains Jacques Aschenbroich.The group envisages currently no acquisition, preferring to concentrate on organic growth.
Valeo, which aims a turnover of 10 billion euros in 2013 against 7.5 billion in 2009, also started to restructure its business through the elimination of the eleven branches and the creation of four main poles. A combination of flexibility resulting 600 job cuts on the 52,000 account that the group worldwide.
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Tuesday is likely to be as calm Monday in the Paris Bourse. The CAC 40 session begins at equilibrium, up slightly from 0.10% to 3907.51 points. The London Stock Exchange opened from 0.20% to 5618.01 points while the Dax in Frankfurt Stock Exchange began the session down slightly from 0.05% to 5872.57 points.
Yesterday, the Paris markets have ended on a slight decline of 0.18% despite opening in the green (0.35%). In Asia, the situation calmed after the euphoria of Monday. The numbers of U.S. employment, less worse than expected, to cease their invigorating effect. Monday already, Wall Street closed haphazardly in a sitting motionless.
The wait dominates before the publication of figures and important clues on the weekend.French side, there will be foreign trade figures for January and industrial output (Wednesday), the French deficit figures, the trade balance and the number of weekly unemployment in the United States (Thursday), and finally, the much anticipated index of U.S. consumer confidence (Friday).
Today's meeting will be hosted by the new corporation. Two publications of annual results of companies in particular should lead the market: those of Eurotunnel and EADS, the latter having also announced that he threw the towel in the bidding on ravitalleurs for the U.S. Army .
EADS in the collimator
EADS announced on Tuesday a loss in 2009 of 763 million euros against a profit last year of 1.5 billion.The group expects a 2010 EBIT of $ 1 billion against 2.2 billion (before provisions) last year, and a stabilization of sales to 42.8 billion euros. Furthermore, EADS and its U.S. ally Northrop Grumman said the night they did not submit a bid for the tanker contract from the U.S. Air Force, saying it benefits their competitor Boeing payday advance low fees .
April said Monday up 20% of its net 2009 profit 72.7 million euros. Financial products have more than doubled to 18.6 million. The insurer expects for 2010 a double-digit growth in its gross margin, with a positive impact on its operating margin (13% in 2009).
Total confirmed yesterday the closure of the refinery at Dunkirk and the fulfillment of its participation in the construction of an LNG terminal with EDF.
In addition, the electrician announced a collaboration with Rosatom, the Russian nuclear energy giant, in the development of reactors for third countries. Other partnerships are being negotiated with Russia in the field of electricity and fuel.
Sanofi Aventis and Merck announced Tuesday the creation of a joint venture equally owned in the area of animal health together their subsidiaries Merial and Intervet / Schering-Plow. The agreement created should be finalized within the next twelve months.
Eurotunnel remained in the black in 2009, with net income of 1.4 million euros but a turnover of 571 million euros, down 16%. Jacques Gounon, Eurotunnel's CEO, recalls in an interview with Le Figaro, his intention to "market share" in the future. The group will pay the same dividend as last year, ie 4 cents per share."The payment of a dividend reflects our confidence and determination in 2010," commented Jacques Gounon.
Vicat release after market close.
"INTERVIEW – J. Gounon, Eurotunnel's CEO comments on 2009 results
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The CAC 40 ended the week above 3900 points, to 3910.42 points exactly, powered during the afternoon of Friday figures on U.S. employment. This Friday, the Paris stock exchange has closed up 2.14%, slightly eroded after the previous day. The sessions Monday, Tuesday and Wednesday were marked by increases comfortable leading the progression of the weekly flagship index +7.3% at Paris, from a closing price last Friday of 3640 points.
The United States has published employment figures less bad than expected. The U.S. economy has destroyed 36,000 jobs in February, according to figures released Friday by the Labor Department. It is far better than economists' forecasts. The unemployment rate held steady at 9.7%. But it remains "inadequate", according to President Obama.At the time of closing in Paris on U.S. exchanges were directed upward, the Dow Jones arrogating 0.8% at 10,531 points.
Moreover, German industry has recorded a surprise jump in orders in January, 4.3%, according to provisional figures published on Friday that far exceeds expectations, thanks to a spectacular increase of 7.1% of domestic orders .
The DAX index of 30 blue chips of the Frankfurt Stock Exchange ended Friday up 1.42% at 5877.36 points against 5795.32 the day before closing. The London Stock Exchange closed higher Friday, the FTSE-100 index of leading values winning 72.60 points, or 1.31% over the closing Thursday at 5599.76 points.
After Market (in 21 hours), the U.S. figures reveal consumer credit.
Veolia Environnement in the single red
Veolia Environnement (-4.26% to 23.94 euros) said before market in 2009 have recorded a turnover of 34.55 billion euros, down 3.4% on year, down slightly higher than expected (-2%). The titles are the only ACC to be in red guaranteed approval cash advance loans .
Still later publications, Areva announced Thursday after the stock market, a 2009 operating profit up 20% to 501 million euros. The turnover showed an increase of 6.4%, to 14 billion euros and net income group share for 552 million euros (-6.3%). The title has been 1.98%, to 352.3 euros. euros.
NicOx reported Thursday a net loss of 60.4 million euros in 2009, cons -73.9 million euros in 2008.The shares gained 1.01% on 5.98, having outperformed the broad trend in recent sessions.
The markets welcomed the gesture of banks
Side of EADS (+1.98% at 15.95 euros), the client countries of the military transport plane A400M and the European industrial group EADS in Berlin on Friday reached agreement on funding for this project has told AFP the French Minister of Defense Herve Morin.
The banking sector remained well oriented on Friday: Societe Generale (+4.83% to 44.95 euros) eventually leads the CAC 40, BNP Paribas (3.67% to 56.78 euros), Credit Agricole (3.19% to 11.66 euros) and Axa (+3.17% to 15.61 eruos) were searched. Following a meeting with Nicolas Sarkozy at the Elysee, the banks have agreed to reserve 96 billion in financing small and very small.
Casino (-0.38% to 60.20 euros) should start in May its pods, modeled on that of Nespresso. In France, the market for coffee pods is estimated at 1 billion euros, half for Nespresso.
Natixis (0.90% to 3.69%) is under the radar of the AMF. A book published Thursday reveals that the former officers have disclosed false information to markets, in October 2008.
In an interview with the Financial Times, the group's boss, Jean-Bernard Levy, said he was interested in the sale of a mobile frequency by the governor of Brazil. According to analysts, this would require an investment base of over one billion euros.
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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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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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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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The consumption of manufactured goods rose more households in November. After an increase of 2.3% in September and 1% in October, the index has shown quasi-stable -0, 1%, according to figures from INSEE.
Despite this slowdown, "the last quarter will be exceptional," states Dominique Barbet, economist at BNP Paribas. "Already, we can build on 2.3% growth in consumption from October to December, the biggest increase in ten years."
The November figure was supported by strong buying automobiles rose 4.2%. "The household benefit last months of premium breaks down before his scheduled first next January, said Insee.
"Contrary to what one might fear, the car sales have not cannibalized other items of household expenditure," says economist of BNP Paribas.Other sectors, they fell for some, have not fallen sharply.
Spending on equipment housing is growing even if they slow down to 0.2%, against 2.1% in October. "If they keep their spending in electrical and electronic, are households have reduced their spending on furniture," said INSEE.
However, the week of floating balances authorized in November did not save the textiles and leather. Purchases fell 1.8% in November, two months after dynamic (+2.4% in October and 3% in September). Probably because of mild weather that has not prompted the French to equip themselves for the winter.
Limited impact of unemployment
In 2009, INSEE expects a limited increase in consumption of 0.7%, after 0.9% in 2008."Unemployment has not been in France very negative impact on consumption, unlike what happened in other European countries, thanks to measures directed at low income," notes Dominique Barbet.
Consumption is the traditional engine of French growth and growing at a rate of 2 to 2.5% until 2007.
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Christian Cassier, support mobility and recruitment at INRA, the first institute of agricultural research in Europe, believes that the pace of recruitment in 2010 will be the average volume observed over the past three years. For the diversity of its businesses is an asset in the crisis.
"Find the previous emissions" HR Issues "
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Nicole who? Nicole Notat. The former boss of the CFDT has perhaps gone the media landscape, it nevertheless remains active. She who was the first woman to lead a trade union confederation in France is now CEO of Vigeo, a rating agency social enterprises. She oversees a team to issue ratings of companies based on criteria that are not only financial but also social (wage policy, governance, …) or on sustainable development. Member of the High Authority against Discrimination and for Equality (Halde) – three half-days per month we entrust Does she paid 100 euros each to examine possible cases of discrimination, it is also Member of the Century, a renowned think tank.
Invited Talk Friday on France Info Net (in partnership with lefigaro.fr with lexpress.fr this week), she initially welcomed the decision "wise and good" Jean Sarkozy not to run for the presidency of the Institution public management of Defense (EPAD). "He did not measure what it meant to be called Sarkozy" Justice does, arguing that the case was "ill-fitted" but that its outcome could ultimately serve the individual. In contrast, it rose against the argument of youth and inexperience of the son of the Head of State that would preclude taking the head of the EPAD.
On another topic, suicide France Telecom, Nicole Notat said it was "shocked at the debate on the statistical approach", triggered this week by a statistician INSEE Cross.Asked about the citizen voting held recently on the future of La Poste, she said: "I would not have voted in the sense of loss'. To recall, almost all of the voters said no to the question "The government wants to change the status of La Poste to privatize, do you agree with this project?" A formulation challenged by the right.
Member of the commission that reflects the future large loan, Nicole Notat said, personally – but said this should be the amount suggested by the committee that it should be between 30 and 50 billion euros . A committee should also recommend to borrow at lower cost, ie banks rather than at French.Direction as already outlined by Alain Juppé as Michel Rocard, who headed the commission.
Watch this first sequence devoted to the news of the week:
In the second part of the show, Nicole Notat deplored the continuation of overseas banking practices on the bonus. "Distressing and disturbing," she said while welcoming the steps in the right direction made during the last G20. The President of Vigeo also substantially clarified the mission of his company, his metodes work. A relatively new, little known to the French, who suffered from the financial crisis. "If only we had already criticized," she implored on the tone of the joke, measuring the long road to go to educate the French investissemnt socially repsonse (SRI).Asked about the social ratings of France Telecom, hit by a wave of suicides, in terms of criteria Vigeo, she conceded that it should find it deteriorated.The report on the public company is "being finalized".
The second part of the show:
During the latter part of the show, Nicole Notat responded to questions from users: use of older (she presented a report to Laurent Wauquiez and believes that companies will be behind the goals set by the government), evolution CFDT, role of media work Halde, etc..
The end of the show:
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"SPECIAL – Net Talk, the previous emissions
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