Posts Tagged ‘financial’

November 28, 2011 - 11:20 pm Comments Off

The Council of State suspended the execution of the decree of September 29 on the sale prices of natural gas, the institution announced on Monday. Gas prices are definitely a real headache for the government. Enact increases in the order of 4 or 5% per quarter is difficult to six months of a presidential election, particularly in times of crisis. So the government there decided by a ministerial decree of 29 September, to freeze the rates for individuals. This price stability followed that decided on July 1.

Problem: after much negotiation, the State and the suppliers had agreed in December 2010 on a formula, which was to end criticism of the political nature of periodic reassessments of gas tariffs.

November 10, 2011 - 5:40 am Comments Off

France, she missed electricity this winter? Nine months after the German decision to phase out nuclear reactors eight of seventeen will be stopped before the end of the year, the question of feeding the Hexagon concern to the government. Yesterday, on the occasion of the presentation of the report of the electricity transmission network (RTE) on the transition of winter, the industry minister, Eric Besson, has expressed its "vigilance".

Governments based on the calculations of the EDF subsidiary responsible for networks and very high tension. In the first nine months of the year, French exports of electricity to Germany increased by 11% over 2010, while imports fell by 50%.With all these elements, RTE suggests a risk of disruption "moderate fast cash loans."

Regarding the availability of the generation French, it is mixed: most important for the period January, at least in contrast to the months of November and December, due to the revised schedule of the facility.

Wednesday, Eric Besson welcomed RTE can count on an average of 1400 MW: Further expansion of wind power, new combined cycle gas came expand the portfolio of means of production.

Remains the black spot in Britain, has long been known. The region, which produces only 8% of the electricity it consumes, is particularly fragile. Certainly, infrastructure building projects exist, but they are slow to be realized.

Violence: employment center consults its agents

October 25, 2011 - 5:40 am Comments Off

"We can not accept that the agents are subject to threats or attacks," warned Sunday Christian Charpy, the Chief of employment center. A few days after the hostage-taking occurred in a Parisian agency, on October 17, management of employment center announced the launch of a major consultation on internal security agents. One way to defuse the anger rumbling in the public institution. In an already tense social climate, officers were called last week to exercise their right of withdrawal, in protest against the increasing number of attacks.

This finding, management did not question. Christian Charpy acknowledged Sunday that the hostage-taking last week's "testimony to the rise of attacks, mostly verbal but sometimes physical, faced by agents." 5500 incidents were recorded last year.Above all, their number increased by 20% in the first half of 2011, he told AFP. Heightened tensions, insults more frequent in the Home: Agents evoke an environment that has worsened since the merger and the simultaneous rise in the unemployment rate.

Warning system

Christian Charpy, however, refuses to see a specific employment center. Believing that the public body does not suffer more than others of the progression of antisocial behavior, it does not bind the surge in attacks "any degradation of service cash advance in one hour."

The solutions were then primarily emergency measures in cases of proven abuse. "We must ensure that the existing warning system works effectively anywhere," said Christian Charpy. Each agent is indeed supposed to activate a silent alert his office, which appears on computer screens of his colleagues.They can then take action.

If Christian Charpy does not support the presence of security guards in the agencies – a "temporary solution" – he argues in contrast to the introduction of mediators, "to facilitate discussion and resolve conflict." Such a solution is currently being tested in Seine-Saint-Denis and Marseille.

The director of employment center would also like to "systematize the presence of executives close to the reception areas, which are often the scene of the assault." In many cases, officers who work there are indeed inexperienced, often in CSD, and less able to deal with a tense situation.

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"The attacks are increasing at employment center

New in France Televisions drink cup

September 28, 2011 - 2:20 am Comments Off

Black week for France 2 and 3. Despite program schedules reviewed in depth, mayonnaise is difficult with the public. The two main public channels were last week is below their hearing before the summer is far from the promises made in September. According to figures from Médiamétrie, France 2 wins on the week with an audience share that does not exceed 13.3%, while France 3 is below 10% (9.4%). In September 2010, France 2 then peaked at 15.2% audience share, while the monthly regional channel still showed a 10.2%.

Stalls which raise the question as to whether the two chains have changed their schedule from top to bottom than the choice of new issues.France 2 and a string of setbacks on almost all of its new developments that would allow him to raise the level of 15% of audience share. The cultural program "preview" of Elizabeth Tchoungui, broadcast on Wednesday night in the second part of the evening, not taking off the 2.8% audience share on average over the first three editions. This does not represent more than 350,000 viewers. Worse, the average of this time slot falls from the hearings the first six months of the year. From January to June, met this box on average 1.2 million viewers and 9% audience share.

Too much competition

Similarly, the issue of Jean-Luc Delarue ("Family Reunion") is satisfied, on its first three editions, as 800,000 viewers on average for an audience share of 9%.Harder was the prime time last Saturday: "Sing Off, 100% Voice," which was to sign the renewal of the entertainment on France 2, has amounted to an audience share of 8.9% far from the figures usually produced by Patrick Sébastien, which peaked at 22.4%.

Finally, even the new programs of the day are not recipes. And "Hello-Good-bye," the sweet reality show on France 2, is far from the usual average of the chain on Saturday afternoon, or "Would you be a good expert," with Julien Courbet at 17 hours, has collected an average of 640,000 viewers. As the only major success of the chain is the current political program "Words and deeds" that convinced nearly 5 million people in prime time during the primary socialist."We did a lot of change and innovation on France 2 and now we set the grid on a daily basis. It is a spine that is being built, Claude-Yves Robin argues, the CEO of the chain, which defends its choice. The public needs to find its new benchmarks. "

France 3 next week, was saved by the sure value of the string, the series more beautiful life which, with its special evening on Tuesday, has almost reached 20% audience share. What correct very poor performance from the movie Carmen (only 6% Saturday night) and poor scores in some of the new issues of the chain. In Focus, the novelty of Cyril Viguier, "Friday on a plateau," which, on average, over its first three editions, totaling 500,000 viewers and only 4.9% of the audience. Or a score of half that of Mireille Dumas, at the same time, flirted with 9% of the audience.Even the program "Thalassa" modernized off easily. It was not until the last issue to find the audiences last year, around 9.7%. However, François Guilbeau, the head of France 3, prefers to remind "the excellent score of 19/20" with a new formula peaks at 17.3 audience share. "Moreover, he says, all our new programs are progressing. Ever, a program that installs not succeed the first time. Competition is too strong. We have the choice between innovation or re still the same programs. France 3 has chosen innovation. "Only the movie nights in the chain, éditorialisées by Frederic Taddei, are well above the average, to 11.4%.

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Doubts about financing of Societe Generale in Libya

September 6, 2011 - 11:04 am Comments Off

New blow for Societe Generale. While the second French bank is particularly turbulent stock market since the beginning of the summer, with a share price halved in three months, she has to face new suspicions. After the unfounded rumors about the supposed risks of bankruptcy, after questioning by U.S. authorities in a fraud complaint on subprime, Societe Generale now sees its relationship with the Gaddafi regime scrutinized. The new Libyan authorities are looking into effect on the investment made by the French bank with the Libyan sovereign fund, the Libyan Investment Authority, reports the Wall Street Journal. Some of these funds would have landed in the hands of people close to the government in place, the paper said.Societe Generale would have paid a certain amount to a Panamanian company, Leinad to help manage and advise an investment fund of one billion dollars in 2008. If the exact mission of Leinad is not yet clear, its role has at least been criticized by members of the Libyan sovereign fund, before the start of the Libyan revolt, the newspaper said cash till payday advance.

For now, the bank declined to comment on its relations with the sovereign fund Leinad or Libya, says the Wall Street Journal. Societe Generale however, that it has "worked occasionally with financial intermediaries in countries where it is not directly present."And these consultants are "fully selected and monitored in accordance with our procedures and ethics with the law and in full transparency with the customer," said the group, some have "acted in full accordance with the laws and regulations the sovereign ".

Throughout the reign of Colonel Gaddafi, it was indeed common for large groups pay foreign intermediaries, advisors and consultants to do business with Libya.

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The open yearling sales at Deauville

August 22, 2011 - 10:32 am Comments Off

Giving the trend of the European market yearlings, Deauville sales start today. For four days, 478 thoroughbred yearling will be auctioned in the ring establishment Elie de Brignac, located opposite the racecourse The Touques and completely renovated. Of these, 340 were born in France and "income" and therefore qualified for the bonus to the owner, in addition to the allowances paid if they win or place in racing gallop in France. The origin of most of England and Ireland, but also from Germany and some of United States.

After the disappointment registered last year (down 17% the average price of yearlings), the farmers hope that the market will recover. But the economy remains sluggish in Europe, Eric Hoyeau, president of Arqana, organizer of sales, remains cautious."Our goal is a slight increase compared to revenues in 2010, which was 29.3 million euros."

In the spring, some 2,000 yearlings were in the running. After examination of their pedigree, about 1000 were selected. Then, the teams toured Arqana stud farms to examine their model, their appearance, their health … In the end, they were divided between the two sales held in Deauville in August (the most prestigious) and October ."More balanced, combining quality and diversity, the 2011 catalog of the sale of August is an excellent year," said Eric Hoyeau.

Children of champions

No less than 114 stallions are represented, with a large battalion of son and daughters of very large foreign-based sires such as Danehill Dancer, Galileo, Dylan Thomas (35 000 euros per project), Duke of Marmalade (40 000 ) or Montjeu Dalakhani, father of Reliable Man, winner of last June's Prix du Jockey-Club.

Their children could burn the auction.For large investors or their representatives (brokers, coaches) from around the world (Britain, Ireland, Japan, USA …) on the Normandy coast, arriving with the hope to get your hands on foals or fillies may, at the age of three years, winning such prestigious races as the Prix du Jockey-Club, Diana, the Epsom Derby or the Prix de l'Arc de Triomphe.

But it would be very surprising that the sales record, established in 2002, beaten. At the time, Sheik Mohammed al-Maktoum did not hesitate to pay 2 million euros to buy the filly Vimy Ridge.

Owner of the Godolphin Stable, one of the largest in the world, the emir of Dubai buys yearlings in the world, like its brethren its re Sheikh Hamdan.Last year, their absence on the Normandy coast, because of Ramadan, and the discretion of their representatives were the main causes of the fall (- 28%) of revenues from sales of Deauville.

Although lagged ten days, sales fall again this year in the period of the Muslim religious festival. But the interest of Australian investors and Eastern Europe, including Russia, not to mention the strong French customer, could surprise on the upside.

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The Paris Bourse was again highly turbulent

August 11, 2011 - 9:40 pm Comments Off

After the storm that plunged all the stock exchanges, the European stock exchanges succeed they stay in the green on Thursday? In Paris, after opening up 2.96% to 3092.16 points, the CAC 40 went back down just before noon and sank below the threshold of 3000 points, already briefly reached Tuesday. At midday, the index yields 0.69% in Paris 2983.16 points. A drop accelerating since even at 14 hours, he drops 2.40%, weighed down again by the bank stocks. In Frankfurt, the Dax is in the green at 5688.28 points, up 1.33%. The FTSE-100 index of London Stock Exchange is reluctant, for his part. He found the balance to 5011.65 points after spending a few minutes in the red.

The concerns are far from being dissipated, particularly those relating to the slowdown in the global economy and the issue of sovereign debt on both sides of the Atlantic.The overwhelming investor nervousness could therefore persist while no major indicator is the program on Thursday.

Wednesday, the markets were shaken by rumors of a deterioration in the rating of France, immediately denied by the rating agencies and the French government, and concerns about the health of the bank Societe Generale. And the CAC 40 plunged 5.45%, narrowly escaping the psychological threshold of 3000 points to 3002.99 points. Other European markets have suffered the same drop Frankfurt dropped 5.13%, 3.05% London. Madrid and Milan 5.49% 6.65%. In New York, the Dow fell 4.62% and 4.09% for the Nasdaq. However, on Thursday, appeasement was back on the Asian stock markets that are returned to the green or showed moderate declines.

Societe Generale attacked again

Gold continues, meanwhile, fly from record to record.The precious metal has crossed the threshold of 1800 dollars. It is this Thursday morning in 1790 dollars, after hitting a new record of 1815.50 dollars. However, oil resumed its decline in Asia. Yet he had resisted the panic the day before with the announcement of a dramatic and unexpected decline in crude inventories in the United States. In morning trading, a barrel of "light sweet crude" lost 79 cents to 82.10 dollars and that of Brent North Sea fell by 1.10 dollars to 105.58 dollars.

Among the values ​​to be followed, the bank that have been heavily tested yesterday. The Financial Markets Authority (AMF), the stock market regulator, announced that it will monitor developments in the securities sector.Shortly before noon, BNP Paribas (-5.88% to 33.515 euros), and Credit Agricole (-1.51% to 5.981 euros) and plunged into the red after yet open on a rebound.

The title is particularly battered Societe Generale: having lost 14.74% Wednesday, it opened on a rebound of almost 9%. But again plunges 4.13% to 21.265 euros."The willingness of these attacks is to force the SG to a capital increase, which is the workhorse of some analysts and hedge funds in recent months," said an analyst based in Paris at the agency Reuters. "Their reasoning is that the group does not generate enough capital to cope with the capital ratio of over 9% in 2013." The bank, already shaken in 2008 by the Kerviel affair, only to find the investor confidence after several warnings about its results during the financial crisis.

For its part, the CEO of the bank, Frédéric Oudéa, denounced, in an interview with Le Figaro, "the series of attacks" against the French banking sector "sounds completely fantastic, I struggle with the utmost force, attacked Societe Generale, "he lamented. "We have no fear about our ability to raise capital," he added.SocGen has asked the AMF to investigate the origin of the rumors that have depressed its course Wednesday.

Veolia Environnement (4.61% to 10.55 euros) and STMicroelectronics (3.39% to 4.488 euros), especially titles attacked in recent days, return to the field.

In addition, EADS (1.66% to 20.24 euros), the parent company of Airbus, said Wednesday it will not achieve its objectives in the United States in 2020 without new acquisitions.

Title Alcatel-Lucent (2.11% to 2.324 euros) is expected to rise following the release of quarterly results from Cisco Systems, above the consensus of Wall Street.

L'Oreal (2.29% to 1.73 euros) should benefit from the decision by Goldman Sachs, which added its list of preferred European stocks to buy ("pan-Europe conviction buy list").

Saint-Gobain (1.11% to 31.775 euros) has announced the acquisition of Solar Gard, a subsidiary of Belgian group dedicated to Bekaert Specialty Films, as part of its strategy to accelerate its growth through acquisitions.

Maurel & Prom rose 4.22% to 12.35 euros after opening up over 8%. The oil company reported a surge of 123% of its revenue thanks to increased revenues in Gabon and Nigeria.

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Moody's threatens to degrade Spain

July 30, 2011 - 1:20 am Comments Off

It's time for Spain to be in the sights of Moody's. The agency placed the credit rating of the country under surveillance for any reduction, said a statement issued Friday, indicating a downward revision of the country's Aa2 rating one notch lower. The agency believes that the difficulties of Madrid to borrow at an acceptable rate will escalate following the second plan the rescue of Greece, who "made history" involving the private sector and a marked increased risk for investors bondholders fragile in the euro area.

The rating agency also advanced a weak growth of Spain and fiscal slippages in some areas of the country, adding that it would present risks, burdens on efforts to reduce deficits, which have recently been undertaken by Madrid guaranteed cash advance.

Highlighting the challenges that the Spanish government will face for fiscal consolidation and improving the fiscal situation of the Spanish provinces, Moody's has given the banking regulator Spanish Fondo de Reestructuración Ordenada Bancaria (FROB) a rating Aa2, providing a possible degradation of the latter in the future.

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TF1 signs an agreement with Sony Pictures

July 19, 2011 - 1:28 am Comments Off

It was the American studio not to be missed. It is now into the hands of TF1. The group chaired by Nonce Paolini has just completed a multiyear agreement with Sony Pictures, one of the most prolific studios of 2011. This collaboration will cover a minimum of three years, includes a right of first refusal on the production of shows like feature films.

"But for this agreement, we have pioneered," said Benoît Louvet, deputy director general of TF1 in charge of acquisitions and trading of media rights. "Indeed, we did not content to secure the rights for the sole TF1, but as we reasoned in terms of group media. In other words, our agreement is all right.This will allow us to program films and series on TF1, TMC NT1 and also to extend their broadcast on new media, such as shelves, "he explains. Better yet, if the staff prefers to remain discreet TF1 on the issue, the agreement has been extended even to the extent possible, the market for pay television. Indeed, Canal + has always agree on movies and a right of first refusal on the sets of Sony Pictures.

Struggle thank you

Even if it is not signed, TF1 would be interested in the three sets of lights on the season. Starting with Charlies' Angels, a remake of Charlie's Angels, whose driver claimed no less than $ 10 million. The broadcasting group would also be interested in Pan Am, a sort of Mad Men in the world of airlines. And, finally, Unforgettable, a series of psychological Mentalist.Furthermore, TF1 secures the distribution of some good blockbusters as the next Steven Spielberg's Tintin, The Amazing Spiderman, Salt or The Social Network.

This announcement is a consequence of the struggle being waged with no thank you to France's three main groups TF1, M6 and Canal + to obtain the broadcast rights in all media now and in all segments of operations, pay as free. If M6 has a historic agreement with Fox and a contract with more recent Disney, TF1 had previously been the faithful partner of Warner and NBC Universal. With these studios, the first private channel has a right of first refusal on two sets of each studio with prices per episode set in advance.

The CAC continues to increase and passes the threshold of 3900 points

June 29, 2011 - 2:56 pm Comments Off

Day of truth for Greece on Wednesday. While Athens is on strike yesterday, members are asked to vote for or not an austerity plan for four years. The vote will be followed by a second vote tomorrow on the law enforcement.

The President of the European Union, Herman Van Rompuy, warned Tuesday that the next few hours would be "decisive" for Greece, the euro area and the global economy.

Since yesterday, the U.S. and Asian markets seem optimistic about the outcome of the vote in spite of renewed clashes on Wednesday between protesters and police Greek. Optimism is always de rigueur at the Paris Stock Exchange: the Cac 40 rose 1.32% to 3902.87 points.

As for other European exchanges, the FTSE-100 in London gained 1.01% to 5825.21 points and the Dax in Frankfurt was up 30% 1.23 to 7258.50 points.The FTSE MIB in Milan climbs from 1.60% to 19,765.46 points. The Italian luxury group Salvatore Ferragamo for his first day of trading, taking 8.89% to 9.80 euros in mid-session.

The first quarter growth revised down

On the macroeconomic front, INSEE revised down growth in the first quarter of France at 0.9% against 1% set in mid-May

For the euro area, the confidence index of entrepreneurs and consumers in June fell for the fourth consecutive month. The index fell to 105.1 points, down 0.4 points compared to May.

In the U.S., two indicators are on the agenda: the promise of sale of homes in June (16 hours) and the weekly inventory of crude oil (16.30).

On the corporate side, the banking sector is in good company in this context of optimism surrounding the Greek parliamentary vote.BNP Paribas takes 1.51% to 51.90 euros, Crédit Agricole rose 1.34% to 10.11 euros and Natixis advance of 0.90% to 3.34 euros. Yesterday, banks have earned an average of more than 2%.

Offshore wind: Areva alliance with Iberdrola

Societe Generale: 2.60% to 39.82 euros

The participation of private creditors to the new plan of financial support to Greece to be as fair as possible to increase the chances of success, said CEO of the bank, Frédéric Oudéa, the Senate Public TV.

Values ​​cars respond well to the good performance of Japanese manufacturers on the stock market after the Japanese industrial production confirmed the rebound in April.Renault climbed 1.81% to 40.65 euros and Peugeot is up 1.61% to 30.95 euros.

EDF: 1.88% to 26.79 euros

The energy group confirms its investment in the LNG terminal in Dunkirk, along with Belgian Fluxys and Total.The cost will be borne by EDF to 65% (650 million), 25% Fluxys (250 million) and 10% by Total (100 million).

GDF Suez: 0.93% to 24.34 euros

The gas is in talks to take over the assets of the U.S. company Duke Energy in Latin America, according to the Brazilian business newspaper Valor Economico.

Areva: -0.40% to 25.20 euros

The nuclear group has confirmed that he would ally with the Spanish Iberdrola Renewables on two of the five areas of the tender for offshore wind launched by the state, confirming a report of Echoes.

Ipsos: 3.85% to 32.80 euros

The British advertising group Aegis said to be in exclusive talks with the institute of studies and surveys for the sale of its subsidiary Synovate market research.

Havas: 2.26% to 3.58 euros

In an interview with Echo, the executive director of the group will develop two commercial microarray in the world, one around his BETC teaches French and the other about Arnold, his agency based in Boston.

DS: 1.41% to 58.37 euros

The software developer, a subsidiary of Dassault, owner of the Figaro Group, combined with a subsidiary of American online retailer Amazon to offer a paperless commercial in "cloud computing" (technology that allows a company to dispense servers physically located in its premises), according to a spokesman for the group.

After the close of trading, EuropaCorp will release its results for the year 2010-2011.