In recent days, European health authorities are engaged in a real police investigation and a race against time to trace the trail of a new epidemic. Prime suspect: a bacterium Escherichia coli, accused of causing bloody diarrhea and kidney complications. Yesterday, Europe accounted for 1 000 patients in Germany, England, the Netherlands, Switzerland, Austria. In France, six suspects, three of which the Germans are under investigation. All had lived in Germany. Fifteen deaths are regrettable in Germany, one in Sweden.
Where is the health survey? Is this really the cucumber?
At first, the deadly bacteria was traced to imported Spanish cucumbers in Germany. But the German authorities admitted Tuesday that the latest tests showed that the vegetable was not the offending bacteria.
Only the stool of patients contain Escherichia coli enterohaemorrhagic (EHEC). The hypothesis of a contamination plant is however maintained. Tomatoes and salad greens are suspected. The question remains: the vegetables have been infected in Spain, Germany, during transport?
Next Monday, all European health ministers meet in Luxembourg for an update. Francois Grossetete MEP, said "the need to label products to determine their origin."
What is hemolytic uremic syndrome (HUS)?
HUS is a severe complication, sometimes fatal, infections of the digestive bacteria Escherichia coli enterohaemorrhagic (EHEC) types of E. coli that produce Shiga toxin. After 3-7 days of incubation, these infections are revealed by diarrhea, which may be bloody.Nine out of ten patients recover within ten days. HUS occurs in 10% of cases, linked to the spread of the toxin. It is characterized by acute renal failure, anemia and thrombocytopenia (low platelets). This complication is fatal in 3-5% of cases, a patient care on two renal sequelae. One hundred cases are reported each year in France, mainly in children under 15 years.
How to transmit these infections?
Cattle that are healthy carriers, are the main natural reservoir. Transmission to humans is most often through ingestion of undercooked beef (hamburgers, for example) or products containing raw milk Faxless payday loans. Water and other foods like vegetables contaminated by feces, can also be a source of infection. A direct human transmission is possible.Many serotypes of EHEC are identified, the most common is O157: H7.
What previous epidemics?
The first two outbreaks due to these producers shigatoxin coli were reported in 1982 in the United States. In total, about fifty people were infected with E. coli O157: H7 via hamburgers. In 1996, Scotland, over 500 people who were victims of the same serotype, also by eating beef. The largest epidemic was recorded in Japan in 1996. More than 9400 cases and 12 deaths had been identified, contaminated radish sprouts. In 2000, Canada, 2000 cases of infection were identified among the 4600 inhabitants of the town of Walkerton.In this area of intensive farming of cattle, the infection was transmitted by drinking water.
What precautions should I take?
In general, these bacteria are destroyed by heat, "two minutes at 70 degrees or 100 degrees a minute," says Professor Patrick Berche, microbiologist (Necker Hospital, Paris). Currently, there is, in his view, no reason not to eat raw vegetables. "The only precaution is to wash your hands before and after preparing raw vegetables, and wash vegetables and fruit, possibly with hot water," he insists.
What is special about the current epidemic?
The first is the serotype in question, O104. "It's fantastic, I have not had a case several years ago, said Professor Edouard Bingen (Hôpital Robert Debré, Paris), whose laboratory is associated with the National Reference Center for E.coli-Shigella. This serotype O104 has been the source of an epidemic in the United States in 1994. "It's odd to have a highly virulent strain and immediately resistant to powerful antibiotics such as cephalosporins," adds Dr Berche. Moreover, the current epidemic affects mostly women, while the hemolytic uremic syndrome usually involves children. A difference that, according to Professor Bingen, may be related to the origin of infection: the hamburger more often, raw vegetables in this case.
"Asia, the Mecca of luxury groups. This could be the slogan applied to Gucci, Prada, Burberry, Hermes, Dior and others at the end of the financial and economic crisis that has shaken the past three years the global economy. For all these companies, if they were not spared by the crisis, have largely absorbed the shock by taking advantage of the growing appetite of Asian markets for luxury, chic, and know-how almost craft of some European countries.
This appetite, the luxury sector was well integrated, making the Asian market including China and Japan, their main growth drivers. For example, the French LVMH in 2010 from nearly 35% of its turnover in Asia (25% excluding Japan).In the first quarter 2011, excluding sales of the Japanese archipelago (affected by the tsunami on 11 March), billings Asian group Bernard Arnault grew 24% and 30% on the only Chinese territory.
Finally, by 2015, China should be the first global luxury goods market in all sectors according to consulting firm Pricewaterhouse Coopers. And to develop there, Western societies today are choosing bulk of trading in Hong Kong, the gateway to become known in China. "With its historical heritage, the Hong Kong is much more attractive than that of Shanghai, details of William Corbiac, emerging equities manager at Axa IM. It is much more liquid, accounting standards are long Anglo-Saxon, there are many financial analysts, fewer permissions and cheaper.In Hong Kong, Western investors feel almost like home. "
Making a name
This is the typical case of American Coach, specializing in accessories (shoes, bags, sunglasses, jewelry …) who announced in early May will be doubling its side by the end of the year, Stock Exchange of Hong Kong and its place of origin, New York. For all the luxury groups, for historical reasons or qualitative, not in Asia have the notoriety of LVMH or Hermes. The goal of Coach is clearly stated: "better brand awareness among consumers and investors in the Chinese market and throughout Asia," according to its CEO Lew Frankfort said in a statement.
This Friday, the luxury goods group Burberry has come to swell the ranks of contenders.Already present in London Stock Exchange, the British group would try to seek a listing in Hong Kong by Hong Kong Economic Journal, to "increase the interest of Asian investors."
The idea is not new. "Many Chinese entrepreneurial companies, including Internet companies and in renewable energy, are parties in the 2000s to seek a listing on Wall Street to take advantage of both technologies and to conquer the U.S. market, said William of Corbiac. We can now do the exact parallel with these Western groups visionary who want to be closer to the markets they want to grow. " A listed company must indeed comply with the requirements of disclosure and / or related to its activity, which increases its exposure to the media and therefore the general public.What support development activity in new geographical area. A strategy that seems to have also adopted in another sector, BNP Paribas. Initially, the French bank will not undertake a capital increase at its eventual listing and just want to "enjoy a better visibility in China."
A significant influx of capital
But watch it only as a matter of image. For BNP Paribas may, in a second time, make an appeal for funds on the Hong Kong site, thus killing two birds with one stone. For their part, the intruding Western luxury brands in Hong Kong are also looking to take advantage of capital and investors who flock to this place. In 2010, according to data from PricewatershouseCoopers, nearly 45 billion euros have been raised, an increase of almost 80% over one year.And for 2011, the firm estimated 30 billion funds in Hong Kong through introductions. A total of one hundred companies are entering the stock each year, more than half are Chinese.
This is the case of the Italian Prada, which recently received the green light from authorities in Hong Kong market. Pending the final IPO price (June 16) and the introduction scheduled for 24 June, the Italian company hopes to raise about 2 billion dollars (1.4 billion euros). After three failed attempts, Prada therefore preferred to Hong Kong to Milan, saying "better" opportunities offered by the international capital market.
Before her, and with the same motivations, the French L'Occitane has chosen Hong Kong to make his first public offering, there is just one year.One way for the group operating on the cosmetics market is very dynamic in Asia and almost treated as a luxury brand, to raise 532 million euros. What repay debt and finance part of its development. This gamble on the brand image now appears successful, while Reinold Geiger, President of L'Occitane, explained that he initially had great difficulty to prevail in Taiwan and Hong Kong. And for investors who subscribed to the introduction, the operation has also been very positive, because despite the turbulent early sessions, the stock rose over 30% year on year.
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Still cautious various publications, U.S. markets open as expected on a slight rebound. Boosted by better than expected financial results of JPMorgan and rising retail sales in the U.S.: the Dow Jones gained 0.43% to 12,318 points and the Nasdaq 0.62% to 2765 points.
Wall Street resumes are a few colors after a session Tuesday marked by a sharp decline. Investors worried both the reclassification of the Japanese nuclear disaster at the same level as Chernobyl and disappointing quarterly published at the opening of the season results, the aluminum giant Alcoa.
Barack Obama facing the U.S. deficit
The International Monetary Fund (IMF) has also sounded the alarm about the U.S. national debt, stressing the lack of a sufficiently credible strategy to stabilize it.A lack of strategy could, in the global institution to present a small but real risk of further economic crisis.
According to figures released yesterday evening after the close of trading in Europe, the U.S. budget deficit reached because $ 188 billion for the month of March, 829 billion dollars over the first six months of the fiscal year 2010/2011. The 2009/2010 Budget posted at the same time, a deficit of 49 billion dollars.
Barack Obama also will speak in Washington in early afternoon on the subject. An exercise that looks dangerous. In presenting this Wednesday, its solutions against the deficit and debt, Bush will indeed have to refute the arguments of his Republican opponents, while maintaining a careful his Democratic electorate.The budget agreement with the Republicans against the balance of fiscal 2011 has not yet been formally approved in Congress.
Retail sales and the Beige Book Menu
Retail sales rose slightly less than expected in March in the U.S., higher gasoline prices accounting for a significant share of consumer spending at the expense of other purchases, according to data released Wednesday by the Department of Commerce payday loans no teletrack.Les retail sales rose 0.4% from February. Economists polled by Reuters expected a 0.5% increase. This is the ninth consecutive month of increase but also the lowest variation observed since June 2010, when sales fell 0.3%.
JPMorgan publishes its accounts
On the corporate side, banks are in the spotlight: JPMorgan (0.57% to 46.91 dollars) has announced a net profit before trading up 67% to $ 5.6 billion, under its first quarter.
U.S. bank Citigroup (-0.14% to 4.54 dollars) will pay a record $ 54.1 million to a small group of investors who accused him of having misled about the quality of loans' toxic "to local communities. In a decision of the arbitration body, one of U.S. authorities on financial regulation, FINRA, agreed that Citigroup should compensate an investor for 52 years, Jerry Murdock, and a retired lawyer of 69 years, Gerald Hosier, to height by 3.9 and 21.7 million.In addition, the bank will pay $ 8.5 million to an investment fund, Brush Creek Capital, said this ruling dated Monday and Tuesday consulted on the website of the FINRA.
Schneider and Tyco International
According to the Daily Telegraph, Schneider Electric, for its part would have sent a letter in which he manifested his interest in an offer of $ 30 billion on Tyco International, from the perspective of giving birth to the world's leading security systems. Relayed by Bloomberg a few days ago, this rumor was not convinced of market analysts. Some feared that the transaction is too large for Schneider, who, on Wednesday denied being "currently" in discussions with Tyco.
The capitalization of Tyco accounts for about half that of Schneider (31.7 billion euros). Schneider rebounded Wednesday on the Paris Bourse.The action Tyco, which rose from 7.41% late Tuesday on Wall Street could also react. In early trade, she dropped 1.19% to 51.71 dollars.
After finishing the week on a positive note, U.S. stocks finished Monday on a more cautious note. The Dow Jones gently takes 0.19% to 12,400.03 points at closing, its highest closing level in almost three years. The S & P advance of 0.03% to 1332.86 points. Nasdaq displayed him in negative territory: -0.01% to 2789.19 points.
Macroeconomic side, no major event was expected during this first meeting weekly. Investors took the opportunity to take profits while international events, including Libya. offered no incentive to take risks. Two weeks after the start of the international intervention, the United States has decided to extend their strike on Libyan soil, after a weekend still marked by intense fighting between rebels and supporters of Muammar Gaddafi at the gates of Brega.
Tensions that, coupled with improved labor market in the United States, continue to support the inflation on oil prices. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery ended at 108.47 dollars, up 53 cents from Friday. In London, the Intercontinental Exchange, a barrel of Brent North Sea gained 2.47 dollars to 6:45 p.m. GMT at 121.17 dollars, after having crossed the threshold of $ 120 for the first time since August 22, 2008.
As for currencies, the euro was stable against the dollar Monday after being temporarily mounted to its highest level in five months, as investors anticipate an increase in rates this week the European Central Bank (ECB). At the close in New York, the euro was worth 1.4216 dollars, against 1.4225 Friday around 23 hours.
As for values to follow
Oil giant BP (0.53% to 45.90 dollars) could soon resume its drilling in the deepwater Gulf of Mexico by this summer, according to the Sunday Times on Sunday. Information denied by U.S. authorities.
According to Aurel BGC, the activities of consumer credit from Citigroup (-0.45% to 4.43 dollars) have managed to attract three groups of potential buyers: Blackstone, Carlyle and Brysam Global Partners form the first consortium interested, Clayton Dubilier Onyx & Rice and the second and JC Flowers and Apollo Management on third.
The stock exchange operators Nasdaq OMX (-2.76% to 27.45 dollars) and InterContinental Exchange (-0.71% to 118.90 U.S. dollars) were also under surveillance, after bidding on NYSE-Euronext, already in sight Deutsche Börse.
The French pharmaceutical Sanofi-Aventis announced this morning that it had closed its successful bid for the U.S. biotech Genzyme (+0.39% to 76.31 dollars), after collecting 84.6% of the shares of its target. The offer, ended April 1, however, reopened this morning and for four days (until April 7 to midnight), to allow for latecomers or undecided to give their titles.
Three weeks after closing its only French base, Ryanair back in Marseille. In part. The low-cost airline, which had stopped most of its routes to and arrival from Marseille, and especially his four domiciled elsewhere had previously stationed permanently on the platform low-cost MP2 has announced Tuesday it reopened eleven lines for the summer season: Agadir, Brest, Eindhoven, Fez, Gothenburg, Lille, Marrakech, Nador, Nantes, Palermo and Tangier. One to two aircraft will be parked on the tarmac of Marseilles, from April 14 to September 4.
With 13 lines that had kept the Irish airline will operate are 24 rows from the Provence platform and hopes one million total passengers in 2011, said Michael O'Leary, boss of Ryanair.
The company still continued in France for violating labor laws and was under investigation."Ryanair has closed its base in Marseille in January following the unjustified legal proceedings seeking to require crews of Irish Ryanair to pay taxes and social contributions in France, despite EU regulations that allow members 'Ryanair crew pay taxes and social contributions in Ireland where they were employed, worked and were paid, "said the officer. This has opened legal proceedings before the European courts against the French decree of November 21, 2006 submitting the flight personnel of foreign companies operating in France to French law payday advance online.
A market which has shown its potential
Not to be disturbed again, the company will change each week the crews operating the flights from Marseilles.And aircraft being positioned only temporarily can not be regarded as based in France … "Ryanair bypasses the regulation of a less flashy, but he uses a new process illegal," said Mr. Rashid Brihi however, the Counsel for the Unac, a union of flight crews who has led the legal woes of the Irish company.
The leaders of the airport, which have tailored their platform MP2 needs of low-cost, do not conceal their satisfaction on Tuesday. But the return of principal client does not compensate for the time that 75% of the shortfall. And it's not Transavia, a subsidiary of Air France, or the national company itself with its proposed regional base in Marseilles, who will fill it.
Ryanair does not clearly overlooked a market that has shown its potential and leave the field open to a potential competitor.The CEO of Ryanair provides: "If the French decree changes, we will return. Not with four but probably with six or eight aircraft based. "
The new week begins in the red for the major Asian stock markets. Investors are following the trend-driven American and European markets. While Wall Street ended lower on Friday as it had not been recorded since mid-November, stock markets in Europe all let loose about 1%. At issue: the rising tension in Egypt that worries investors. The anti-government protests have killed at least 125 dead and thousands injured for almost a week.
On Monday, the Japanese Nikkei sets the tone. The key index in Tokyo dropped 1.18% to close at 10,237.92 points. The broader Topix index of all titles of the first table has in turn yielded 1.04% to 910.08 points.
Japan announced today that it would send aircraft chartered to evacuate its nationals from Egypt.Some 500 Japanese nationals were stranded at the airport in the Egyptian capital because of the events. Moreover, Japanese companies doing business in Egypt, like Nissan, Toyota and Panasonic, have reduced their activities on site and asked their employees to avoid travel in this country.
This information occupy the minds of investors who set aside the announcement of a 3.1% increase in industrial production in Japan in December on a month, its second consecutive monthly increase.It increases by 15.9% over the whole of 2010, according to preliminary data released Monday by the Ministry of Economy, Trade and Industry (METI).
Please note, this Monday, the Japanese industrial conglomerate Toshiba has announced a net profit of 40 online payday loan lenders.2 billion yen (363 million euros) for the first nine months of 2010-2011, against a loss last year, thanks the NAND flash memory, and has significantly increased its annual targets. In addition, the automaker Honda said it had more than doubled its net profit for the first nine months of 2010/11, to 489.5 billion yen (4.45 billion euros), despite a drop in profits third quarter and raised its annual profit forecasts.All Nippon Airways (ANA), it always provides for an annual net profit of 6 billion yen.
The rest of the region into negative territory
In China, markets progressing piecemeal. In Hong Kong, the Hang Seng dropped 1.12% at 23,352 points while in Shanghai, the Shanghai Composite climbed 1.04% to 27,814 points. According to brokers, this increase reflected gains in gold and oil producers.
The Korean KOSDAQ lost 0.86%, the S & P Australian loose 0.44%, and the Indian Sensex was down 1.02%.
The increased gross
Only one to benefit from the troubles in Egypt, oil up that appears Monday in electronic trading in Asia. The market fears of disruptions in the transport of oil via the Suez Canal, said analysts.
In morning trading, a barrel of light sweet crude for March delivery gained 37 cents to 89.71 dollars.Of Brent North Sea with identical maturity appreciating by 18 cents to 99.60 dollars.
According to the letter dated Friday, brought to the attention of Figaro and sent by registered post to "senior position III C" holding the position of "Director of Front vehicle projects since 2006, the automaker said it had received" an anonymous tip involving namely, because (his) supervisor, Mr. Balthazard and indirectly Mr. Tenenbaum, Deputy Program Director electric vehicle "indicating that they have received" bribes ".
Explaining having initiated an investigation, "the responsibility of the compliance" of the company, submitted on January 6 in the "Compliance Committee" – editor's note: "Ethics" – Renault wrote that it "appears from these investigations than have "received money from foreign sources, leading to the conviction, given (its) responsibilities in a vital area for the future of the company (he has) given in exchange of strategic information for the company. "
Renault estimates, without providing details, that "these extremely serious acts indicate an intent to harm the company and constitute a serious and obvious to (its) obligations of confidentiality and loyalty to the company (..)»..
"My client knows nothing about the case against him"
Considering himself "unfairly hurt," Rochette Bertrand decided to strike back against the voices of his lawyers.
His advice Me Christian Charriere-Bournazel, intends on Monday sue for libel direct quote non-public proceedings before the police court. It refers to "the signer of the letter and the Renault is civilly liable," said the former president of the College. "I want to hold those responsible for the Renault to give us what they consider their evidence, since they did not have the reflex to give live to debate as they are now break the life of my client without having taken the precaution to say exactly why. "
In addition, Ms. Charriere-Bournazel has announced its intention to go as fast with Jean-Claude Marin, Public Prosecutor of Paris to learn the specifics of the complaint filed Thursday against X by Renault for "industrial espionage ."My client knows nothing about the case against him, he is put in food to the public and must be justified on the facts which we understand nothing, tenor Parisian rebels. We feel the heart of a trial of the largest Soviet era … "
On the social side of the record, My Marie-Sophie Rozenberg and Sabrina Gabyzon will enter into early next week the Industrial Tribunal to contest the dismissal of Bertrand Rochette saying that "the contents of the letter does not state specific allegations and Renault is based on mere belief can not justify a serious fault. "Both lawyers complain that the disciplinary procedure of the manufacturer is "based on an anonymous letter that does not ensure the reliability of the informant and that does not even mention Bertrand Rochette."
Accused of having opened an account in Switzerland
The executive in question, who maintains his innocence, had written to the director of executive management and senior officers of the Board a letter of two pages including Le Figaro has obtained a copy. Bertrand wrote Rochette being summoned by Patrick Pelata, CEO of Renault, Monday, Jan. 3, for a meeting on "management of the architecture of new vehicles.""So I was very surprised when Mr. Pelata me immediately announced that misconduct had been alleged (..) and that the company had evidence that I was involved in a case industrial espionage related to the electric vehicle with the key money and foreign powers. "
After being escorted from his home by Mark T., a former member of the Police Department for the Protection of the group, Rochette Bertrand says he was "accused of having opened an account in Switzerland on which corporation shall have been made in consideration confidential information that I trasmises to third. Marc T. reportedly said "they had evidence of what he said." "All this is strictly impossible, I suggested to Mr. T. to go to Switzerland to check up on conditions under which this alleged account was opened. "
Remembering be gone the next day early in the afternoon on the TGV to Geneva with Marc T. and one of his colleagues, Bertrand Rochette ensures arriving too late to see this bank account which he repeats all ignore. "It was decided to spend the evening and night in Geneva. Mr. T. we suggested a drink and dinner together, "says Bertrand Rochette. The next morning at breakfast, it was agreed that Messrs. T. and G. pass me up at my room in 10 hours. It was only 11:30 that these gentlemen have "reappeared" and informed me that the visit to the bank, which I still do not know the name, was canceled and we returned to Paris on the orders of Renault .. " This trip would have made abortion "qu'accuenter the nightmare" of the framework in question.
As part of his "dismissal for gross misconduct," Bertrand Rochette was served Friday the obligation to surrender on the field its "laptop, badge, car, mobile phone, credit card, and all business records (he) might have kept. "
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The euro started 2011 on a slightly downward trend. The single currency, which now circulates in seventeen European countries – Estonia is part of the euro area since 1 January 2011 – suffers from both the persistence of tensions on debt in Europe and a resumption of dollar .
The greenback resumed gradually colors, including through macroeconomic figures better than expected. "A series of increases in the U.S. indicators were induced to buy the dollar," said Yuichiro Harada, Mizuho Corporate Bank. Like to manufacturing orders rebounded 0.7% in November, while analysts expected a further decline. On Wednesday, the firm ADP reported that the U.S. private sector has created 297,000 net jobs in December, almost three times more than expected by economists.The ISM index of activity in services meanwhile rose more than expected to 57.1.
As for public finances in the euro area, there was no bad news since the beginning of the year, but risk aversion remains strong. In recent weeks, rating agencies (Moody's, Standard and Poor's and Fitch Ratings) have placed several countries, including Portugal, Spain and Belgium on negative watch, implying a deterioration in their actual sovereign rating within weeks . In Europe, Portugal, Greece or Spain will borrow on the bond markets and governments put in place, the chain of fiscal austerity measures. Latest, the United Kingdom, the VAT increase to 20%, more than in France.
Currently, Chinese Vice Premier Li Keqiang, continues its three-day visit to Spain, to demonstrate its financial support to countries.
The euro under $ 1.30 soon?
So on Thursday, a euro is worth less than $ 1.32 around 9:30 am to 8 pm at exactly 1.3154 (-0.33%). This downward trend taken by the euro since the beginning of the year should continue in the eyes of most economists who see the currency below the $ 1.27 by the end of the first quarter.
After a week particularly hesitant, the CAC 40 is changing sharply higher Monday. Halfway through, he climbs to 1.07% and iron and the milestone of 3900 points to 3908.60 points. With the approach of Christmas and the end of the year, a period conducive to window dressing. The U.S. exchanges have closed Friday at closer to their equilibrium level. As for society, as Ingenico plunges.
The Nikkei finished the session down by 0.85% on Monday. However, developments in Asian stock markets should not influence the European indices today as purely local concerns weighed on prices.
The concerns of the ECB could be detrimental to European indices. The European Central Bank unveiled its fears about the consequences of the bailout of Irish banks.In an opinion paper (position paper), the institution considers that the allegation of funds to support the Irish banking system could undermine the European financial system.
Also note, according to an OECD study on the situation in Spain, a slow recovery began in the peninsula in the first half of 2010, but growth should remain "soft" due to necessary adjustments in the sector housing and the high level of private debt.
On the macroeconomic front, the meeting promises to be quiet. The Financial Sector Advisory Committee will publish its annual report 2009/2010. Germany's producer prices for the month of November will be known to 8:00. As for the euro, it fell back slightly. About 11:00 am in Paris, the euro bought 1.3154 dollars against 1.3185 dollars on Friday night.
Ingenico sanctioned
In terms of values, the star of the day is the title Ingenico.The government intervened to prevent the takeover of French by the American Danaher this weekend. The title plunged to 9.10% in mid-session at 25.08 euros.
The Crédit Agricole displays the sharpest drop in the CAC 40 with a decline of 0.74% to 10.015 euros. The green bank announced a loss of 1.25 billion in its accounts related to a depreciation in the Italian bank Intesa. Moreover, the banking arm of French affairs of the institution extends its period of exclusive negotiations with the Chinese CITIC, until 30 June. The talks for the establishment of a brokerage and investment bank dedicated to Asia, in a 50-50 partnership, were to terminate on December 31.
More generally, financial stocks should react to the agreement on bonuses.The Financial Services Authority has adopted a measure requiring that at least half of the bonus should be paid in shares. This year, the amount of bonuses would be down 20% to 30% in Europe. On Wall Street, they could even be zero.
Conversely Axa leads the CAC 40 with a gain of 2.17% to 12.92 euros. Bank of America-Merrill Lynch joined the title in his list of favorite European values. Moreover, the number one German energy EON announced Monday the sale of its gas network in Italy to the Italian fund F2i SGR and French Axa Private Equity.
Rhodia (5.82% to 24.075 euros) Overtakes Lead increases in DTH. Morgan Stanley rose to a positive and raised its target price of 17-29 euros. The analyst raised its profit forecast and said the lag is suffering from a discount of 30% from the field of specialty chemicals.Also the market welcomed the remarks of Jean-Pierre Clamadieu, CEO of Rhodia, reported by the weekly Invest. Rhodia's boss recalled the strong presence of its affiliates in Asia, which is considered an asset in its industry and recalled the ambitious strategic plan recently presented by the group.
Sanofi-Aventis sign one of the largest increase with a gain of 1.51% to 49.39 euros. The laboratory announced Monday the signing of a global alliance with Avila Therapeutics Research covalent drug targeted to treat various types of cancer.Drugs called "covalent" can make completely inactivate proteins that cause diseases and blocks their function.
GDF Suez is also well directed (1.99% to 27.72 euros), while in an interview with La Tribune, lGérard Mestrallet, CEO, criticized the pricing strategy of EDF. The latter wants the lights electrician practice a price of 35 euros per megawatt hour, not 42 in the framework of the law Nome aimed at reforming the French electricity market.
In addition, Arcelor Mittal advance of 0.86% to 29.28 euros.He announced Saturday that it raised its offer for Canadian mining group Baffinland Iron Ore Mines at $ 1.25 Canadian per share against 1.10 Canadian dollars in its initial offer.
Outside the CAC 40, Hermes (-1.18% to 155.50 euros) does not leave the Stock Exchange that would be very expensive, said his number two operational daily Il Sole 24 Ore dated Sunday.
Scor (+0.32% at 15.06 euros) announced today that it has completed implementation of its hedging program financial disaster of 150 million euros for a period of 3 years.
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The construction group Bouygues is favored against Eiffage and Vinci to capture the market of the future high-speed line Le Mans-Rennes, understands the daily La Tribune on Wednesday.
Eiffage group who appear to challenger and Vinci have already won the concession in March of future Tours-Bordeaux, "some market participants argue that games are made" while the three groups call on Wednesday their final bids to the manager French railway network, Réseau Ferré de France (RFF), the newspaper said.
These stakeholders "believe Vinci (…) can lead two such large projects," which Bouygues place in a favorable position, the newspaper reported.
Vinci could even choose to make an offer "designed not to be competitive with Bouygues and Eiffage," the newspaper speculated, citing these same stakeholders.
Vinci contends, however, that "if he submits a tender is that it is the ability to perform," says The Tribune.
The section TGV Bretagne-Pays de la Loire (182 km and 32 km of connections) is estimated at 3.4 billion euros and is set in Paris Rennes 1:26 2015, 2:03 cons now.
This is a partnership and not a concession, the manufacturer selected receiving rent from RFF.
Brittany-Pays de Loire will be "the largest contract of partnership in rail infrastructure" because "the winner will build the line and maintain it for 25 years", said La Tribune.
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