The result is final. According to a poll by Ifop for the Sunday newspaper Ouest France, eight in ten French (80%) believe that in recent months, the quality of services offered by the SNCF was "somewhat worse". Only 15% of respondents believe the contrary, that it was "somewhat improved". Three percent of respondents believe the situation has "not changed" in this area and 2% were undecided.
More telling, three out of four respondents (76%) say the times were "less respected" in recent months. They are only 18% say that they are "more respected". Three percent noted no change and 3% were undecided.
Malaise
The survey, conducted on 20 and January 21 with a sample of 968 people, seems to confirm the ras-le-bol general users of the station.After the subscribers of the TGV, which just received a compensation package, it's time for users of regional express trains (TER) to show their displeasure by engaging in a strike submission of tickets from Monday.
Eager to appease the discontent of its customers, the station provides a plan for improving its twelve lines called "sick". Efforts should focus on the Paris lines, RER A and D in mind.
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Poweo will sell to Verbund, its shareholder, all of its means of electricity generation in order to identify the financial resources necessary for continuity of operations. Verbund, which owns nearly 46% stake in Poweo, has offered to buy for $ 120 million, corresponding to their net book value, 60% of production Poweo it does not already own, said in a statement the alternative operator of electricity and gas in France. The agreement announced Wednesday takes effect from 1 January 2011.
Poweo Production is all electricity generation assets of the group, whether fired combined cycle natural gas (NGCC), in operation or under construction, or asset-based energy renewable.
"Poweo believes that this transaction will allow it to generate adequate cash resources in light of its financial commitments for the full year 2011 has minimum", said the French group, saying he would continue the activity commercialization of energy.
In exchange, the transaction is welcomed. At 10 hours, the title Poweo gained 5.93% to 5.36 euros, with a market capitalization of 87.78 million euros. Since the beginning of the year, it nevertheless shows a decline of 61.4%.
Poweo announced in November that it was studying various strategic options to restore cash generation from operations, affected by its loss of electricity sales, pending the implementation of market reform of Electricity supposed to give him access to nuclear EDF on favorable terms.
The consolidation will be studied
He indicated Wednesday he wants "to continue intensive discussions already underway to identify and implement any accompanying measures to perpetuate further its presence in the French market as a marketer of energy faxless payday advance."
The company expects including regulations implementing the law on the reorganization of the French electricity market (Nome), which should be published in the first half of 2011 to determine "the contours of its new business model and its competitive positioning and prospects associated.
"It will consider any opportunity in this part of industry consolidation that could help accelerate the recovery of its activities."
The group also said it will receive until June 30, 2013 an option to repurchase its 60% stake in Poweo Production at a price identical to that assignment, he could exercise "if future developments regulatory conditions or market give meaning to such an operation. "
Poweo Production has also entrusted to a bank a mandate of the sale of its entire branch Renewable Energy, which includes an installed production capacity of 105 MW (megawatts).
Poweo developing since 2005 a project portfolio of generation capacity consisting mainly of type CCGT power stations, including one of 412 MW already in service in Pont-sur-Sambre (Nord).It does not, however, means to compete with EDF and depends primarily on the incumbent to supply electricity. On the wholesale market, the group must sell more expensive and the electricity it produced or purchased from the utility public.
Nome law does not specify the price at which EDF will sell part of its nuclear production. The incumbent requires a floor price of 42 euros per megawatt hour, while its competitors require a much lower price, close to 35 euros.
(With Reuters)
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The CAC 40, the gates of the 3900 points, moving up 0.35% to 3902.08 points on Friday morning. However the rating agency Moody's announced this morning that it had downgraded five notches to note the long-term debt of Ireland to Baa1 from Aa2.
Today, continuing the meeting of leaders of the European Union. Thursday night, they confirmed the creation of a "European mechanism of stability" (MES), European version of the International Monetary Fund (IMF) in charge of rescue packages euro countries, like Greece and of Ireland this year. He will replace interim funds installed last spring.
But the debate on Eurobonds continues, under pressure from the markets who fear debt restructurings souveraines.La ECB on Thursday urged a doubling of its capital. There would be increased from 5 billion to 10.76 billion euros.The guardian of the euro said it has to cope with volatility "in exchange rates, interest rates and credit risks."
Early this morning, Asian stock markets were changing the overall balance. Atony which checks for four days while the year-end holidays are approaching.
The economic figures to follow
• France:
The business climate in manufacturing industry in France has improved in December to return to its level of mid-2008. The synthetic indicator of business climate in the sector rose three points to 103.
• Germany:
10 am: barometer Ifo business climate
• European Union:
– 11: foreign trade in October
• United States:
– 16h: composite indicator of economic activity in November
The AMF extends tender offer for Seloger.com
The winners on Friday, found at the top of the rating group Havas (1.77% to 3.73 euros) excluding CAC 40. The top billing in the CAC 40 is illustrated by Cap Gemini (1.26% to 34.61 euros). Conversely, the red lantern is Veolia Environnement (-0.30% to 21.80 euros)
The Autorité des marchés financiers (AMF) announced Thursday that the offer of Axel Springer on the website of ads was extended until further notice.
Seloger.com (balance) will also double its dividend this year bad credit pay day loans.These announcements occur when Axel Springer has announced the continuation of the hostile takeover bid on art website, rejected by the latter.
The Paris stock exchange on Friday welcomed Toreador Resources. 60-100,000,000,000 barrels of oil are sleeping under the Paris Basin. The company has become established in the market.
Sanofi-Aventis (balance) has announced the signing of a global research and development with Germany's Merck to jointly pursue research that could lead to new targeted cancer therapies.
Total (+0.26% to EUR 40) announced a strategic partnership with Suncor's oil sands in Canada. The French group will pay Suncor 1.751 billion Canadian dollars. The group also announced it increased its stake in a non-liquefied gas project in Australia for $ 281 million.
ADP (+0.30% at 60.82 euros) on Thursday posted a 3.5% increase in passenger traffic in November.
GDF Suez: -0.02% to 27.70 euros The acquisition of Britain's International Power was approved Thursday by its shareholders. The transaction creates a powerful energy company in America and the Middle East.
EDF (+0.35% at 31.92 euros) is today an investor day in London. The group also announced a five-year extension of the duration of operations of its nuclear reactors Heysham 1 and Hartlepool to 2019.
France Telecom: 0.12% to 16.05 euros Nomura raised its recommendation from neutral to buy.The broker also raised to "buy" recommendations on Rexel, Legrand (+1.7% to 31.70 euros, the largest increases) and Schneider Electric (1.16% to 117.25 euros).
Eurazeo: -0.35% to 54.76 euros Gilbert Saada, co-chair of the investment team and board member, will leave the French investment company on January 1, reported Friday a source close to the case, confirming Information newspaper Les Echos. Eurazeo declined to comment.
Natixis (0.67% to 3.62 euros) will take a 25% stake in the asset management division of the Indian finance company Infrastructure Development Finance Company (IDFC).
Vilmorin (balance) convenes its annual general meeting
Xavier Bertrand wants to go fast. He intends, as he promised when taking office at the Ministry of Labour in mid-November, implement all the tools that exist to reduce unemployment in a sustainable manner. He reiterated this weekend in an interview with Sunday newspaper, youth employment is a priority.
"I will review the trade unions and employers before the end of the year, proposals should emerge in early 2011, with new tools and targets," he says. It also welcomes "the social partners' wish to move quickly and (…) lead on youth employment by the end of the first quarter."
Valuing
There is however one caveat: if it finds that "it's a good thing" that trade unions and employers' wish to discuss among themselves the issue of internships or any mobilization of the 1% housing they manage, "he considers that "there are other issues to be addressed" and that "our dual system can be improved in several respects."
"About 7% of young people this type of training and they lead to sustainable employment for a vast majority of them. In Germany they are 17%.I would exceed the 10%, which corresponds to 800,000 more young people, "said the minister.
Among the "many lines of inquiry" that he wants to share with the trade unions and employers on the alternation, the Minister cited the "status" of the apprentice that "must be more rewarding and give it access to rights similar to students in higher education. "
And to increase the number of young companies in alternating, Xavier Bertrand believes that "if sanctions and incentives go hand in hand, we get better results." "Is it fair that a company, including a major undertaking which employs no employees alternately pays the same penalty as that made an effort without reaching the quota? Is it normal that our system of taxation on the subject based only on the sentence? "Asks he.
(With AFP)
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While the station is trying to forget the idea laquelleles train tickets are expensive and reserved for wealthy clients, the Secretary of State for Transport, Thierry Mariani, has said on Europe 1 this Saturday, in favor of increasing ticket prices.
The secretary of state spoke up "quite reasonable" that would take account of inflation and would maintain some rail lines. "I support a balanced position where the user pays according to inflation , an increase entirely reasonable, "he said.
State railways alarming
This increase would occur in parallel with an increase in tolls, which are fees paid by companies to get their trains.
"Do not raise tolls this means that the taxpayer would subsidize (by itself, ie) maintenance, rail lines," said Thierry Mariani. Réseau Ferré de France (RFF), the public manager of the French railways, this week launched a cry of alarm about the situation of French railways, which could partly be dropped for lack of money for their maintenance.
Maintenance cost uninsured
According to RFF, much of the network is threatened with obsolescence in the longer term."The funding for the renewal of the network is not assured in the long term, including one used by the TGV, was worried Alain Sauvant, director of strategy RFF.
While the "full cost" of the rail network, including track maintenance and renewal when they are just too worn-is estimated at about 6.5 billion euros per year, revenues covered only 83 RFF % of this amount.
(With AFP)
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The Court of Auditors pin RATP and SNCF
In the wake of Wall Street Wednesday night and Thursday morning, Asian stock markets, the Paris Bourse is expected to open sharply higher. The CAC 40, which ended yesterday with a drop of 0.59% and is expected to exceed the threshold of 3900 points, and quickly approaching the famous 4000 points.
Wednesday night, the Fed confirmed as expected that it relaxed its monetary policy and clarified to what extent: the Federal Reserve will inject $ 600 billion by June 2010. Good news for markets, reassured to see the U.S. leading economic power and financial world, supported.
On the foreign exchange market, the news immediately plunges the dollar, pushing the euro to $ 1.41 over 20 hours from Wednesday evening. Since then, the milestone of $ 1.41 has not been taken down.
Expected figures this Thursday
In France, is expected at 9:50 PMI Composite (Markit).In the euro area, 10 hours, will be known PMI purchasing managers then 11 hours of industrial producer prices in September.
The ECB will make its decision on interest rates in the EU from 13.45.
In the U.S., traders await the traditional weekly claims for unemployment benefits at 13.30, and productivity in the third quarter (First estimate) at 14:30.
LVMH responds to Hermes
Ousted head of Accor he led since late 2005, Gilles Pelisson said he left the band "head high"."Sad," he said "proud" of the work accomplished in five years, during which the group has lived in both its two best years in 2007 and 2008, and an unprecedented crisis in 2009.
The CEO of LVMH responds in Le Figaro to his counterparts at Hermes, who deplored the hostile nature of the massive influx of capital saddle (he owns 17.1%). Bernard Arnault raises a plea of inadmissibility at the request of Hermes to sell those holdings.
Reportedly, the Swiss group Nestle speaks with French Lactalis around a joint bid on Yoplait. Half the capital's world number two is to sell yogurt.
EDF has signed an agreement with Delta cooperation to study the feasibility of a new nuclear plant in the Netherlands, in Borssele.No details on the project financial nor an element of timing were made.
While Chinese President Hu Jintao starts his visit to Paris on Thursday, a series of contracts to be signed, including Airbus, Areva and Total.
Very good quarterly results
Lendamain to the publication of good results by généréale Company, BNP Paribas has exceeded expectations in the third quarter: net profit falls sharply to 46% increase to 1.9 billion euros.The bank did not need a capital increase to comply with new standards and Basel III is confident for the fourth quarter, said its chief executive Baudouin Prot in an interview with Reuters Insider no faxing payday loans.
The telecoms equipment maker Alcatel-Lucent said Thursday it recorded a third quarter surge by 10.5% of its turnover to 4.074 billion euros, above analysts' expectations and marks a return to growth sales.
During the first half ended September 30, Alstom recorded a net profit of 401 million euros (-29%), operating profit of 763 million (-8%) and a turnover of 10.432 million (+ 8%).
The chemicals group Rhodia statement Thursday its goal of operating performance, to become a gross operating profit (EBITDA) of about 900 million euros in 2010, after posting third-quarter net income quadrupled.
The Legrand group of electrical equipment was again raised on Thursday its profitability target for 2010, after a third quarter supported by emerging countries and new market segments.
The food group Bonduelle, specializing in vegetables, has published a quarterly revenue up sharply following the purchase of France and mushroom with a favorable currency impact. Turnover (1 July-30 September) was up by 15.7% to 419.8 million euros, according to a statement.At constant exchange rates and constant perimeter, the activity growth is 2.1%.
Imerys has also raised its 2010 operating margin target after an improvement in profitability in the first nine months of renewed activity and the depreciation of the euro compared to 2009.
Eutelsat himself has confirmed its objectives for the current year and for 2013, based on a market that remains well oriented and the upcoming launch of the aircraft Ka-Sat.
Bureau Veritas has confirmed its 2010 targets after a third quarter marked by an acceleration in organic growth of its business, and said look 2011 with confidence.
JCDecaux expects organic growth of about 8.0% for 2010 after reporting a rise in sales in the third quarter slightly below expectations.
Vicat expects margin improvement from one semester to another after a third quarter marked by a cement company for confirmation signs of recovery volumes.
Seloger.com, subject of a bid from German Axel Springer, has matured in its annual targets up Wednesday after a growth of 15.5% in the third quarter.
The world leader in call center Teleperformance achieved over the past quarter revenues of 487.2 million euros, up 14.5% on a reported and organic growth of 0.2% (at currencies and constant perimeter).
The industrial group Alstom to remove 4,000 jobs by March 2012 in its activities "Power" (manufacture of turbines and power plants), including 1,000 non-renewal of temporary contracts and "natural attrition", a statement said.
The 3,000 additional job cuts will be conducted "with all the accompanying measures available." And clarify the AFP that "a hundred jobs are affected in France on 5,400 people employed by Alstom Power in France".
Alstom justifies this plan job cuts by "changing some of its markets.""In Europe and North America, there was a drop in electricity consumption and a drop in orders for new plants," said a spokesman, citing a drop in orders by 50% between 2008 and 2009.
Switzerland, Germany and the United States, the most affected
The job cuts will spread and "in Europe and North America, including procurement of new equipment from coal and gas plants have been most affected by the crisis," the statement said the group paydayloans. Industrial sites most affected "are located in Switzerland, Germany and the United States."
"Other sites are also within the framework of this plan, particularly in the United Kingdom, Hungary, Norway and France," the group said.
The Directorate-General Alstom has delivered Monday, October 4 at the European group committee "a draft plan of Sector Adjustment Power," the statement said. A new group committee was convened on 18 and 19 October to consult with trade unions on this project, according to a spokesman.
Alstom employs 96,000 people worldwide, including 49,500 in its branch Power (one of three branches of the group with transportation and "Grid").
Concerns over the debts of European resurface. Rating agency Standard & Poor's considers debt now Ireland's most risky and has degraded the country's rating by one notch to "AA" to "AA-" (the fourth on a scale of 22). To make matters worse, the agency has placed the country under "negative watch", implying that a further revision of the note was not excluded in the medium term.
More than the Irish government's ability to reduce deficits, it is the health of the banking system of the island that worries Standard & Poor's. The financial situation worse than expected some institutions weigh on public finances. "The cost of the projected budgetary support by the Irish financial sector in the country has considerably increased compared to our initial estimates," Xinhua, which also supports the Irish strategy.
On 10 August the European Commission has authorized the Irish government to urgently inject 8.6 billion euros in the capital of Anglo Irish Bank. A sum that could be raised to 10 billion. "Given the recent announcement of new capital injections in the Anglo Irish Bank, our latest projections show that Ireland's public debt will increase to 113% of GDP in 2012, argued Standard & Poor's . "This is well above projected levels for countries that enjoy the same rating level, such as Belgium or Spain."
Stress tests are too soft
Ireland has reacted strongly after the decision to Standard & Poor's. The analysis of the agency "relies heavily on an extreme estimate of the cost of recapitalizing banks 50 billion euros, has criticized the agency managing the public debt."We believe that this approach is biased."
Investors, however, expected a further deterioration of the country score. "The cost of insurance against default risk of the Irish debt (or CDS for" Credit default swap) has recently increased in the markets, the degradation is therefore a confirmation that the markets have already seen, " Otis Casey remark, Vice President of Markit financial information agency.
For Glenn Maguire, chief economist at Societe Generale CIB, degradation of the note Irish and Anglo Irish Bank situation revives debate on European bank stress tests. The decision by Standard & Poor's "implies that" stress tests "should be more frequent and more stressful …" according to the economist.The European Commissioner for Economic and Monetary Affairs, Olli Rehn, has also suggested Tuesday that these operations could be organized more often.
In response to the deterioration of the Irish notes, interest rates on debt leapt on Wednesday morning. By midmorning, the rate at ten years Irish reached 5.414%, 5.358% on Tuesday night against the closure. In its wake, the rates in Spain and Greece in particular rose. Markets also eagerly awaited the results of a bond issue at 6 Portuguese and 10 years started in the morning.
The number of reports of providers of solidarity tax on wealth (ISF) and the expected revenues are up slightly over 2008, with nearly 562,000 returns, according to figures released Wednesday by the Budget Ministry.
In early July, the number of Declarations owe ISF stands at nearly 562,000, against 539,000 the same day last year, and the amount of total tax amounts reported this year 3.29 million against 3.13 million during the same period in 2009.
"These initial results on TFR must be confirmed by definitive and comprehensive statistics to be established in early 2011, the ministry said in a statement.
Moreover, the tax cuts provided by law for labor, employment and purchasing power increased by 16.7%, representing 838 million euros against 718 million in 2009, for a total reductions of 140,043 for investment in SMEs (small and medium enterprise) or donation to a charitable body (102.000 cuts $ 718 million in 2009).More than 1.1 billion euros have been invested in the equity of SMEs, according Bercy.
On the ground of appeal as that of growth, France is doing "less bad" than its main competitors. It is the belief of the French Agency for International Investment (AFII), which on Monday published its panel's attractiveness in 2010, in collaboration with the Center for Strategic Analysis (CAS), Treasury and Datar. While foreign direct investment last year saw a decline of 41% in developed countries, they have fallen "only" 35% in France.
The Hexagon's interest to maintain this advantage: the French subsidiaries of foreign groups provide more than 2.5 million jobs, 20% of R & D and almost 40% of these exports are linked to foreign establishments.And since 2007, when the crisis was suffering its effects, new investment decisions by foreign companies will be permitted to "maintain or create approximately 30,000 jobs" each year.
"Beware the gap between what the economic data and leave out the perception of foreign investors," said Monday David Appia, president of the AFII. This paper attempts to twist the particular blow to conventional wisdom: that France would not fiscally attractive to businesses. "People often think that taxation in France is a weak point but in reality the situation is more complex," said Director General of CAS, Vincent Chriqui bad credit pay day loans.It must be determined "globally", argue the AFII and CAS.
"Strong signals"
The tax can not be reduced to the corporate tax (IS). "The effective tax burden on enterprises in France is much lower than the nominal rate of the SI would suggest," says the report. It must also consider the tax base and exemptions. Ultimately, if we look at the revenue of the IS reported to EBITDA, "France is in a better position, with a tax rate of approximately 17% of profits." Dietary improvements reserved for impatriate removing the ceiling of the research tax credit – now "the strongest incentive to Europe" – and the removal of business tax on productive investments also "sent a strong signal towards investors foreigners.
More generally, France is ranked fifth in the world for business location costs (employment, installation, transportation, taxes, equipment and energy) and one in Europe, the document stresses the AFII, which compiles data and existing rankings, making comparisons between France and eleven other neighboring countries.
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