Posts Tagged ‘world’

The state wants to force Air France to buy Airbus

June 17, 2011 - 9:16 am Comments Off

Pressure is mounting on the management of Air France-KLM. 144 MPs from all sides have signed the petition launched by Bernard Carayon, UMP deputy from the Tarn, to encourage Air France Airbus to focus on as part of a mégacommande of long-haul aircraft. Tuesday, Pierre Lellouche, Secretary of State for Foreign Trade, has announced its intention to meet with Pierre-Henri Gourgeon, the CEO of Air France-KLM to seek "explanations" about its intentions to purchase. The meeting should take place this afternoon.

For the government, bad foreign trade figures – which has grown to more than 7 billion euros in April – have sounded like a severe reprimand. Especially for companies with the state is a shareholder. Air France-KLM, it has "15%" of capital.Pierre Lellouche, but considers that the company can "pass the buck" in a state that has "greatly helped" the group "when he had problems with Brussels." A similar call to order the respondent last week at PSA Peugeot Citroën, after the revelation of its possible plans to close two plants in France. PSA is not a public company, but it has benefited from state funds during the crisis.

Strategic choice

Political pressure put on Air France is a measure of the challenge: a mégacommande – the first made jointly by Air France and KLM – a hundred long-haul aircraft. The project is described as historic by the leaders of Air France-KLM themselves: it should be in the tens of billions of dollars. The verdict of the direction the company should have to fall soon after the general meeting in early July.Now, executives of Air France-KLM believe that the announcement will probably be delayed for several weeks, "the time that the discussions become less passionate."

Internally, the political turn taken by the case shocks. Bernard Pedamon, the representative of the pilots on the board of directors of Air France said he was "surprised and displeased." "These are the strategic choices that can be for an airline. It is a commitment for twenty years which must respond to economic considerations, he says. Currently, we are witnessing the return of our old demons. The days when you could bring in managers office at the head of the company or impose choices of planes is a bygone era. "

At present, the weight of the two aircraft manufacturers in the fleet of the company is not the same lights.On all its long-haul aircraft, Air France Boeing totaled 63, 35 against Airbus. The company has indeed bought many Boeing 777-300 at a time when Airbus had no equivalent model. However, all of its medium-haul (ie 153 units) are Airbus.

The controversy of recent days is all the more surprising that for several months, officials of the fleet of Air France have expressed their intention to mix Airbus A350 and Boeing 787. "The case studied by our team for the purchase of these devices are not made on a corner table," said an executive of the company."We look at many criteria: the choice of engines, maintenance costs, the impact on our maintenance business …" considerations rather far from campaign issues.

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Video games split between violence and poetry

June 10, 2011 - 5:36 pm Comments Off

E3, the video game world exhibition which recently closed its doors, was very far from the trend of the moment: simple games for all ages, playing on the social network Facebook and mobile phones. The publisher Zynga Californian and Finnish Rovio were not present. In contrast, the traditional big players have submitted games often violent and very expensive to develop. The market has become considerably more than 50 billion euros. Each showed his big muscles. Modern Warfare 3, Activision, Mass Effect 3, Battlefield 3, Star Wars: the Old Republic and Need for Speed ​​at Electronic Arts, Driver San Francisco, Far Cry 3 and Tom Clancy's Ghost Recon Ubisoft, Saint's Row the Third THQ. To promote this latest game, the publisher had hired two dozen young women, dressed in a simple purple swimsuit, who washed cars in front of the convention center.In addition, very violent games were introduced by Microsoft and Nintendo for its next console Wii Sony U and especially for its future mobile PS Vita.

The youngest was not quite forgotten. Nintendo has unveiled a series of concerts to celebrate the twenty-five years of The Legend of Zelda, Mario Kart and Kid Icarus 3D Uprising. Microsoft also KINECTS Disneyland Adventures, the second version of its sports game KINECTS Sports & Fun KINECTS labs to customize its programs.

After buying Playdom, Disney showed games for Facebook, which was an exception. For its part, Activision has presented his latest game Skylanders, Spyro'sAdventure for the very young to be launched mid-October guaranteed personal loan approval.This title utilisedes plastic figurines: the toys can come alive in a video game program on the screen of a mobile phone, PC or console, by placing them on a special tray.

A little poetry and freshness have been made by the French Ubisoft. In twenty-five years, the third world editor "sold a total of 500 million video games", said Yves Guillemot, president. He had in his wallet securities fun. The designer Michel Ancel has shown a new version of a leading figure Ubisoft Rayman Origins. A game full of references to his ancestors: Rayman, of course, and also the arcade game Space Invaders, Mario and Tetris also. The French publisher has released The Adventures of Tintin, the graphics a bit rude, and a new version of "Raving Rabbids" very funny.Four people have to twist together, facing the camera of an Xbox 360, to recreate the contours of a fantastic character, like a shadow.

The prize for poetry comes to Hye-Yeon Nam, a young Korean who has created a new kind of joystick video via French kiss, a kiss on the lips between two people. "Initially the idea was to have fun with my friend. The device is inexpensive, $ 50 in total. A person is a tiny magnet on her tongue and the other wears a special helmet. By kissing on the mouth, we control a bowling ball on a PC, "says doctoral student at the Georgia Institute of Technology. "It works. And she adds, smiling not so new, with KINECTS, the body serves as a controller. "

The Asian market took a breather

June 1, 2011 - 8:32 am Comments Off

The day after a day of general rise in global markets, boosted by press reports on the refusal of Germany to reschedule debt Greek investors take a breather. Asian markets, the trend is illustrated by the Nikkei stock exchange who, having garnered an increase of nearly 2% Friday, appears on Wednesday in a small increase of 0.23% to 9716 points to 7 hours.

As for values, the day is marked by lower DoCoMo (-1.32%), whose debt is placed on negative watch by Moody's. Toyota also declined sharply from 1.03% despite announcing a 90% recovery of vehicle production in Japan in the month of June.

Sales of new vehicles in Japan, excluding mini-models, dropped 37.8% in May compared to the same month of 2010, 142,154 copies, recording their ninth consecutive decline, due to the effects of the earthquake of 11 March on production and morale of buyers.

Slowdown in China

The Stock Exchange of Hong Kong and Shanghai have more trouble finding momentum Wednesday. Both markets lose respectively 0.14% and 0.25%. Investor sentiment is at its lowest since the announcement of an increase in manufacturing activity in China in May slower than in April, according to two separate indices published by an organization close to the government and the bank HSBC.

PMI purchasing managers of the China Federation of Logistics and Purchasing (CFLP) fell last month to 52 cash advance loan.0, against 52.9 in April, the agency reported in a statement.For its part, HSBC has calculated a PMI to 51.6 for May, against 51.8 in April, and noted "a continued moderate growth in manufacturing output accompanied by an easing of inflationary pressures" on last month.

These indicators show that the anti-inflationary measures by the Chinese government began to produce results. The banking sector, for its part, does not welcome news: Industrial & Commercial Bank of China lost 0.15% while Poly Real Estate Group dropped 0.43%.

Furthermore, the reluctance dominates. The Korean Kospi lost 0.26%, while the Indian Sensex advance of 0.59%. For its part, the Australian S & P climbed 0.33% despite the announcement of a contraction in GDP of 1.2% in first quarter 2011 compared to the previous quarter due to a series of natural disasters.The markets finally react well because these figures are slightly better than forecasts which projected a contraction of 1.4%.

The increased gross

For their part, oil prices were on the upside Wednesday in electronic trading in Asia, facing the hopes of resolving the debt crisis in Greece, according to analysts.

In morning trading, a barrel of light sweet crude for July delivery took 30 cents to 103 dollars. That of Brent North Sea crude for delivery gained 31 cents to equal 117.04 dollars.

"The chances of Lagarde IMF are considerable"

May 26, 2011 - 3:00 am Comments Off

A video of Figaro.fr

IMF: Europe wants to retain the chair of DSK

May 18, 2011 - 1:04 am Comments Off

European pressure mounts against Dominique Strauss-Kahn. Breaking the silence, several of his counterparts in the EU – starting with women – have suggested that the imprisoned boss of the IMF should abandon his duties to safeguard the interests of the Old Continent.

Austria led the most direct charge. Strauss-Kahn "itself should reflect the harm it causes to the institution," launched in Brussels Conservative Minister of Finance, Maria Fekter, questioned the wisdom of resignation. Berlin often inspires the positions of Vienna and the demand has not gone unnoticed after Chancellor Merkel implicitly opened the estate on Monday night.

For Spain, the Socialist minister Elena Salgado, also come for an appointment Financial, wanted to put the record straight: "The crimes that (Strauss-Kahn) is accused are of extraordinary gravity.Solidarity, mine anyway, is for the woman who has suffered an attack if it does. "

Too "premature"

The dropping is still far from unanimous in the EU. Most ministers believe the question "premature." From Washington, Strauss-Kahn had finally been accepted as an authority of the euro. Jean-Claude Juncker, head of the Eurogroup, has even won against "indecency" in a race to succeed while the IMF chief is, nominally, at his post.

But realism requires the Europeans to prepare the next move if they want to retain the IMF's management, which "no longer seems an absolute certainty", said a diplomat payday loan lenders. DSK official indictment Friday by the grand jury could say, kick-off.Prove guilt without the CEO, it would pave the way for the trial by preventing him from performing his duties permanently.

Christine Lagarde at the center of the game

Christine Lagarde, approached while Strauss-Kahn was considering a higher destiny, occurs naturally in the middle of the game asked about a possible candidacy, but she has not denied deemed "inappropriate to comment, since the director IMF Managing did not resign. " Personally, she finds the New York episode "both overwhelming and painful."

The French minister is far from alone on the track, despite discrete supports. Privately, European officials are concerned about its vulnerability in the case Tapie. The German press ahead with other names such as Peer Steinbrueck, former Social Democratic Minister of Finance, or the more unlikely of Axel Weber, former head of the Bundesbank.In all cases, the Europeans should agree without delay on a standard-bearer if they will not be capped at the post by emerging countries. The chair of the IMF promised them long ago. With the U.S. Treasury in the role of kingmaker, forfeiture of Strauss-Kahn could polish their weapons after 65 years of European management – including 36 French.

Coca-Cola celebrates 125 years with a bang

May 8, 2011 - 11:56 am Comments Off

Three raps with a hammer-shaped wooden bottle of Coke. Thus, Muhtar Kent, CEO of The Coca-Cola Company, launched Friday night in Atlanta the weekend of festivities to mark 125 years. The first glass of Coca-Cola has been officially served in a pharmacy in the capital of Georgia, May 8, 1886. "My predecessors had used the hammer to the 50th, 75th and 100th birthdays," said the big boss at the company headquarters. No way to shake up tradition, although modern technologies give some freshness to the event.

A sound and light show ignited the building up to 122 meters. "This is the biggest thank-you cards that we send you," Muhtar Kent has launched its guests, the leaders of North American bottlers and oils from the city of Atlanta, the State and the University of Georgia, or even the local clergy.The famous bottle was projected in 3D on all four sides, in a show of twenty minutes presented as the greatest illumination of a building in the world.

Piracy Alert

The day before, the organizers had a cold sweat. "We realized that students from the University of Georgia Tech, located in front of the seat, trying to hack into the programming of the sound and light," says one officer. We were afraid they are trying to project a naked woman or a bottle of Pepsi. "Neither of these nightmares, the second being the scariest for Coca Cola, has occurred.

In Atlanta, apart in the sky, blue is not red shade at the weekend. Saturday afternoon, nearly 15,000 people attended in the heat to a four-hour concert, the group broadcasts live on the internet to "thank the entire planet free 3-in-1 credit report." Nothing less.An outdoor show started by K'Naan and his "Wavin 'Flag", a hymn to the success of the last World Cup football, with the refrain "oh oh oh oh oh" has the merit of being included in the 206 countries where Coke is sold.

The host Ryan Seacrest, the American Nikos Aliagas, then invited on stage "the next American Idol" Muhtar Kent, before the governor of Georgia and the mayor of Atlanta did join in wishing happy birthday to the Coca-Cola … behalf of their constituents. Aediles quickly replaced by the former glory of American Idol Kelly Clarkson, the band One Night Only, the R & B singer Ne-Yo, Natasha Bedingfield or, standing ovation for his cover of "Purple Rain". A colorful tribute, no doubt, to the Prince of cola.

In the morning, a good-fair was reserved for employees of Coca-Cola and their families facing the World of Coke museum.Mostly dressed in red T-shirt, they chained face painting and tattooing, before engaging in an artistic activity: design their own bottle of Coke! But the United States, any successful self-celebration can not have a good feeling. Delegates have they bundled packages for families Georgian victims of tornadoes that ravaged the south last month. An operation conducted in partnership with the Red Cross. Red like Coca-Cola, of course …

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The Paris Fair is a showcase

April 27, 2011 - 8:20 pm Comments Off

If a brand like Roche Bobois – publisher of high quality furniture, home to nearly one hundred stores in France – is exhibiting his collection at the Paris Fair, because the appointment had become "institutional" almost act as a "store and more," says Eric Amourdedieu, the Chief of the mark. In 2010, 609,000 visitors (up 4%) spent an average of five hours to breathe the air of time through the 220,000 m2 of pedestrian spaces. But they took advantage of interactive workshops, parades, coaching, tasting, 85% of them bought.With an average basket of 577 euros, up 20% year on year, shopping is not limited to fashion accessories and other hardware.

The event, which opens tomorrow, besides being a wonderful tool for communication and outreach is an opportunity for the 3400 direct sales brands represented 70% answered the call every year. The issue is particularly so in the area of ​​the house and furniture for which the average basket was around 2,000 euros in 2009.

Lawrence Kaloustian, owner of Domino, including Fermob distributor, specializing in outdoor furniture, sets Porte de Versailles for twenty-six. Sales of the eleven days he can return the 150,000 euros it invests in its location of 500 m2.And with an average basket of between 2500 and 3000 euros, "higher than in a store, they also enable it to achieve 20 to 25% of its annual turnover.

Purchasing "helping heart '

Like all great mark represented, Miele and Roche Bobois rely more on product diversity as a policy of "underselling payday loan lenders." The expert in high-end major appliances emphasizes his innovations. Valérie Paumier, marketing director of Miele, the fair "lets go upmarket and demonstrations difficult to achieve in store."

The manufacturers, however, show more accommodating and are willing to do something for show attendees, potential clients. Some also clearly show a "special discount Paris Fair."This is the case of Clair Azur, leading spas and Jacuzzis, which offers promotions ranging from 5 to 10% on products that sell less well the rest of the year.

Innovations, special offers, products and completeness of 200 architects willing to deliver free advice on make up the Paris Fair Sanctuary consumption. If every year for over ten years, for the most part, the exhibitors come to the fair, because they know that the atmosphere is conducive to "blow the purchase of heart" as well as to implement projects. For visitors with a proposed purchase, the presence of a particular brand at the show is a sign of confidence and quality. "There is a label Paris Fair, Marie-Jose appreciates Post, director of the Fair for ten years.In sum, the event, which has no equal in Europe, "is the Disneyland of shopping," says Stéphane Baraly, president and CEO of Clair Azur.

TFR: Nicolas Sarkozy has chosen the compromise

April 14, 2011 - 3:52 am Comments Off

For four months, the proposed tax reform has stirred heritage divided, sometimes frightened the majority and fanned all opposition critics. Upon arrival, the solution collects almost unanimously on the right, and criticism "minimum service" to the left.

"The president has listened and heard, welcomed the centrist MP Charles de Courson, only the presidential arbitration announced on Tuesday night. "From the beginning, I campaigned for a development of the ISF. The proposed reform is balanced, "said Philippe Marini, UMP rapporteur of the budget in the Senate. "A deletion of the ISF could be envisaged that at the beginning of the legislature, not the end. This reform addresses the problem of households that had entered the TFR because of the housing boom.And thanks to the revamped schedule, the ISF is not confiscatory for the rich, "adds Gilles Carrez, the UMP rapporteur of the budget to the National Assembly. "It simplifies, it does not increase the deficit, it does not pay the middle classes, it goes in the sense of justice and avoids tax levies that accelerate tax exiles, still greet the centrist Méhaignerie Pierre, President UMP of the Social Affairs Committee of the Assembly. For his part, Senator Jean Arthuis centrist would have preferred that the government would go to the suppression of the ISF, a scenario that the Minister of Economy Christine Lagarde was pushing behind the scenes.

"DIY"

PS Chairman of the Committee on Finance of the Assembly, Jerome Cahuzac, refers, of course, reform of bricolage.But he welcomes the elimination of the tax shield – hard to do otherwise, left the advertising since the beginning of the quinquennium – and even lower rates of ISF. His colleague, Bertrand Delanoe, Mayor of Paris, however, a critical reform "aimed at alleviating the high tax the richest of the French."

To achieve this near-consensus, he took himself to give up a few symbols. And postpone the script for a big night for tax purposes. The initial ambition to abolish the wealth tax, French regarded as an aberration, has been abandoned in favor of a simple design Payday advance. Budget Minister Francois Baroin, is not foreign, who bore in mind the political damage from the removal by Jacques Chirac in 1986, the tax on large fortunes. One year after the presidential election, Nicolas Sarkozy has chosen not to throw oil on the fire.With, admittedly, an argument found everything: in the context of public finance, it was unthinkable to deny completely the 4 billion cash EWB.

Legislation to unravel the law "Tepa"

This reform also sounds the death knell of the tax shield. Introduced by Dominique de Villepin, Nicolas Sarkozy strengthened after his election in 2007 on behalf of "moral" grounds (the state can monopolize more than half the income of an individual), the maintenance of this scheme has become politically untenable with the crisis. Because it was not understood by public opinion, he leads by example hit the IRS to sign a check to Liliane Bettencourt. And because he was the wealthy free from any tax increase, more and more inevitable with deficits.We remember the contortions of government to meet the 1% top rate of income tax when the pension reform.

This reform finally fine again Tepa law, which greatly relieved the inheritance tax, 97% of French people no longer pay today. To finance the relief of the ISF, the balance will go into effect in the other direction, with higher rates applying to very large inheritances.

Stocktaking not without some glee by the Socialist Michel Sapin and Pierre-Alain Mute: "After removing the deductibility of mortgage interest, that of the tax shield and relief from inheritance, there remains the tax package that the tax exemption of overtime. On this last point, Nicolas Sarkozy made clear there was no question of going back.

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The Cac 40 wins, Japan is "out of control"

March 17, 2011 - 5:12 am Comments Off

Markets are extremely fragile. The Cac 40, which attempted to regain the path to higher opening on Wednesday (0.53% to 3800.83 points) quickly changed his tune. While at midterm the CAC 40 fell by 0.72% to 3753.56 points, the index closed sharply down from 2.23% to 3696.56 points.

Other European markets are also struggling: the Dax in Frankfurt Stock Exchange which had opened higher yields of 0.73% 2.01% to 6513.84 points and the London Stock Exchange which started on a slight gain 0.10% declined from 1.70% to 5598.23 points.

The Cac 40 was unscrewed when the EU Energy Commissioner found that the situation in Japan "out of control." "I do not rule out the worst in the hours and days to come," he said Tuesday.In addition, the Environment Minister Nathalie Kosciusko-Morizet dreaded "nuclear catastrophe from the central Fukushima" in arriving Wednesday afternoon at the hearing of the nuclear industry in the National Assembly. The trust is indeed far from being restored while the nuclear situation in Japan remains very critical.

The operators first tried to follow the positive momentum from Asia this morning, which allowed the Japanese Nikkei to close on a technical leap of 5.68%. Intensive hunting for bargains in the indices increased in a climate a bit calmer after further intervention by the Bank of Japan (BoJ). This has injected 3.5 trillion yen Wednesday (31 billion euros) in the money market, bringing to 26,500 billion yen (234 billion) the total sum provided by the BoJ to the interbank market since Monday.But the trend remains fragile in the wake of widespread declines sessions to all European markets, and to a lesser extent, the U.S. exchanges.

New flurry of indicators in the program

Markets should also keep an eye on indicators of the day, again numerous. In Europe, registrations of new cars rose 0.9% yoy in February, the first bounce after ten consecutive months of declines, according to figures released Wednesday by the European Automobile Manufacturers Association (Acea).

Inflation in the euro area rose to 2.4% in February over a year, Eurostat said Wednesday. It was 2.3% year on year in January from 2.2% in December and 1.9% in November. Rising prices rose 0.4% in February compared to January.

United States, the Labor Department will publish the price index for production at 13.30.At the same time will the housing starts and the balance of current accounts. Finally, at 15:30 will be published weekly petroleum stocks.

On the currency markets, the euro has stabilized at 1.3977 dollar.

Values ​​to follow

As for values, securities directly or indirectly exposed to catastrophe Japanese started to fall again after regaining some colors in early trading. LVMH fell by 3.31% to 100.80 euros and Hermes of 1.13% to 144.05 euros.Only the investment certificate Areva bounced 2.07% to 29.40 euros after its tumble over the last three sessions no fax cash loans.

EDF: -3.13% to 27.66 euros

The electrician French and Italian A2a confirmed Tuesday the six-month extension of their shareholder pact in Edison to take the time to reach agreement on the restructuring of their partnership.

In addition, the group is preparing to send "teams" and "equipment" in Japan to help the company Tokyo Electric Power (TEPCO), which operates the nuclear plant in Fukushima, cope with the consequences of the tsunami, said Wednesday the company's CEO, Henri Proglio on RTL.

L'Oreal: -2.39% to 76.84 euros

The president of Yves Saint Laurent Beauté, a subsidiary of LVMH, told Reuters that his company intends to almost double its turnover in five years to reach the one billion euros, thanks to the lever Asian and climb well the club of top five global brands of cosmetics.

Alstom: -1.31% to 37.31 euros

The CEO of Alstom, Patrick Kron, said he still opposed the entry of Mitsubishi Heavy Industries in the capital of Areva.

Renault: -4.11% to 36.05 euros

The money paid by the manufacturer to pay the false information intended to support the charges of espionage brought against three of its executives has been partially solved in a Swiss bank account opened by one of his security guards, shackled Duck wrote on Wednesday.

Note that the manufacturer has sales up 2.8% in February over a year, according to figures of registrations of the European Union. For his part, Peugeot (2.48% to 27.22 euros) sees his own shrink by 5%.

BNP Paribas: -3.12% to 50.34 euros, Societe Generale: -2.62% to 44.60 euros

The banks are down sharply after Moody's lowered the rating on Tuesday night in Portugal two notches to "A3" with negative outlook, raising fears about sovereign debt of countries known as peripheral euro area.

Bollore is optimistic

Bourbon: -5.22% to 32.06 euros

The group released Wednesday 2010 earnings fell sharply, mainly because of difficult market conditions, but the group estimated that the average utilization rate of its fleet to continue to improve gradually.

Transgene: -5.85% to 11.11 euros

The group referred to tackle 2011 with confidence even though the French biotechnology company has continued to widen its loss in 2010 and some of his projects have been delayed.

Mersen: -3.34% to 33.61 euros

The group said Wednesday expect for 2011 a slight improvement in profitability and renewed growth, albeit slow, its sales from the electronics and solar energy.

Bolloré: 0.46% to 153.05 euros

The group reported a 40% increase in operating profit in 2010 thanks to its growing transport business, logistics and port handling.

Zodiac Aerospace: 0.38% to 47.14 euros

The group raised its revenue forecast for 2010-2011 after a second quarter better than expected thanks to the recovery of the aviation sector.

These SMEs run by women are performing

March 8, 2011 - 1:12 pm Comments Off

Veronica Garnodier, founder of the lingerie Charlott, knows no crisis. His company, which sells lingerie collections at home through a network of 3,000 consultants, has reached 30 million euros in turnover in 2009 against just under 20 million in 2008. And rentablité is spectacular. Dietitian training, Veronique Garnodier led a club sport and worked as a medical representative. She founded Charlott'en 1994 and inspired by the method Tupperware to sell lingerie collections made in Tunisia and Vietnam. The president of Charlott which owns 55% of the capital with his companion, decided to go even further.It targets 100 million euros in turnover in 2014 by betting on a diversification in the loan-to-wear and internationally.

Caroline Leonetti resumed in 2009 with her husband Bernard Leonetti, a company specializing in the creation and distribution of brands of ready-made, founded in 1980, Mado Marcel. She has managed to increase turnover by 43% between 2008 and 2009 to over 12 million euros. The former purchasing manager Twinner-Sports 2000 is determined to more than double turnover within three years by strengthening the distribution network and conquering new markets in Germany, England and USA .

Both companies topped the top 50 growth SMEs run by women under the new Equity Index Women 50 France.The winners of this first top 50 that carry between 4 and 50 million euros in sales and employ between 20 and 250 employees, are present both in the specialized distribution in industry, business services that technologies.

They show far superior performance to that of 31,649 companies with which they are compared. Thus they carry average turnover of 15 million euros against 16 million euros. But their average annual growth in turnover over three years is 26.8% against 3.2%. That of their rentablilité is 21.5% less 0.8% cons.

"The primary explanation for this outperformance is: women leaders are subjected to higher stresses than their male counterparts. They must show greater capacity to grow their businesses.Once they established these companies and their leaders, accustomed to operating under stress, show greater resilience and a higher relative performance. This "natural selection" higher, also explains their limited numbers. Their number is even more limited than the size of the company is high, "said Dunya Bouhacene, Founding Partner of Women Equity Partners, which aims to become the first investment company in Europe focused on growth companies headed by women.

Same conclusions in previous studies

The new Equity Index Women 50 France is not the first to demonstrate the average outperformance of businesses run by women. Numerous studies conducted in Europe and the U.S. have already highlighted.A European survey on nearly 600 technology companies financed by venture capital in 2007 showed that companies run by women achieve far superior performance despite a more limited access to financing.

"Women leaders are under greater selection than their male counterparts because of family responsibilities generally superior to a priori suspicion against them in some industries heavily male. Companies run by women are also subject to differential on financial matters. This has been demonstrated repeatedly in studies on the conditions of bank financing with a higher average cost of credit or capital. The share of businesses owned by women in portfolios of funds is low, "says Bouhacene Dunya.For despite their good results, investors abandoning this category of enterprises. Further evidence of the shortsightedness of the market.

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