"Lack of communication of the group"

A trust that does not necessarily share the financial markets.At 9:30, the action Gemalto shows a decrease of 4.28% to 28.19 euros in a market up 1.07%, the largest drop in the SRD. "This drop is excessive, an analyst who follows reacts value. The elements that have affected the first half performance was known. The discrepancy between results and expectations of the market indicates a lack of communication from the group. "

Gemalto in line with the consensus

However, the group released under the first-half turnover of 840 million euros, up 5% at current exchange rates. "We accelerated our offers have been very well received, because they correspond to a real need," said Olivier Piou. There is a real market potential of contactless payments, particularly in Africa and South Asia.In France, we are in trouble because we took too far ahead. "

The group's net profit amounted to 63 million euros, down 7.35% from a year earlier. "Today, the consensus of analysts is around 200 million euros profit the year is well within our range," says Olivier Piou. In 2009, the group posted a net profit of 148 million euros.

No new acquisitions

In addition, Gemalto first half operating profit down 15.2% to 67 million euros but he "remains in line with the company plan to increase its result in 2010," the group said in its statement. Gemalto is 300 million euros in income from operating activities in 2013.Of the three main activities of Gemalto, security has the highest increase (+21%) in the first half to 148.2 million euros (17.6% of sales) to the mobile phone (8%) to 451.7 million euros (53.8% of sales) and secure transactions (1%) to 207.4 million euros (24.7% of sales).

After several acquisitions, including the United States and Germany, the group does not provide new acquisitions. Olivier Piou said that Gemalto had to concentrate in the second half on the integration of recent operations.

Its turnover amounted to 4.211 billion euros, a decline of 3.8% over the first half of 2009 (-6.1% at constant exchange). However, over the second half of 2009, there is an increase of 5.4% (1.8% at constant scope and exchange rates).

The operating margin fell by 0.8 points over the first half of last year, but operating income increased 19.8% to 200 million euros.

Order intake increased

Capgemini is optimistic on the outlook for the year, based on the increase in orders: they increase from 14% a year. Outsourcing has the highest increase (+37%).

"After a particularly rough year 2009, the group was armed to face an environment that was still difficult at the beginning of the year but he anticipated gradual improvement," says Capgemini.Its interim results "confirm the appropriateness of decisions and drive new orders validates the hypothesis that this improvement will continue in the second half, despite concerns that persist at the macro-economic and stock market volatility."

Capgemini table so the second half on a turnover growth of 3 to 5% (at constant scope and exchange rates) and an operating margin above 6.5% (against 6% to 6.5 % predicted in May).

If the performance of these three giants of Wall Street have exceeded the expectations of financial analysts, they are far from convincing.The banks, in effect, save their profits fall in provisions for doubtful debts, which remain however very high levels. At Citigroup, they have a charge of $ 6.7 billion, the lowest in almost three years. For Bank of America, the drain $ 8.1 billion against $ 9.8 billion in the first quarter and still $ 16.4 billion a year ago credit reports free.

Less capital raising

More than three years after the start of the crisis in the housing, the improvement of conditions in the shy USA relieves borrowers. But business remains sluggish, as evidenced by the decrease in revenues of large banks: – 33% for Citigroup – 18% for Bank of America – 7% for JPMorgan. The great challenge for these players is to reach boost their sales."It will be several more quarters to see a sustainable activity," warns Brian Moynihan, the CEO of Bank of America.

Last year, the Wall Street banks had managed to offset the gloom with an exceptional year in the investment bank, with capital raising records. Alas, this windfall is gone and instead the second quarter under the sign of the crisis of European sovereign countries was characterized by high volatility and lower risk appetite. This scenario weighs on commissions and revenue from emissions trading.

In all, nearly two billion euros would be saved by 2012, including one billion on niches "green" these tax benefits related to work "green". Jean-Louis Borloo has raised the deduction available to individuals who install photovoltaic panels on the roof of their home.The shortfall for the State is estimated at 800 million euros. It could therefore be reduced by at least 50% reserved for existing homes.

The list of works "green" that give rise to tax benefits could also be reduced. The tax cuts themselves could also decrease by 10%. As for renovations "non-green", they could lose their advantage of a VAT at 5.5%.

Finally, the government also calls into question his support for biofuels. They enjoy a double benefit: a reduced fee and the requirement for all distributors to offer for sale.

An ad for a symbolic opening week of the G20 summit in Toronto and while international pressure, especially American, was always more intense. The consensus, the Chinese currency, also called the renminbi is undervalued by 30%, boosting Chinese exports and increasing the price of imports for other countries.

In Asia, the news is very appreciated, Awards winner around 2%.

In Europe, the enthusiasm is also present.Already in the past week, the CAC 40 rose 3.91%, the index in London gained 2.26%, and about the U.S. markets, the S & P 500 and the Nasdaq rose by 2 , 24% and 3.44%.

On Monday, the London Stock Exchange climbed 1.01% from Friday's close at 5321.30 points. The DAX index of the Frankfurt Stock Exchange climbed 1.33% to 6299.46 points.

The euro continues to rise

This morning, the euro continued to rise. He was quoted on Monday morning around 9:00 1.2456 dollar (+0.5%) while gold has posted a new record high at 1262.55 dollar an ounce.

The increase was boosted in particular by the reassuring speech by Jean-Claude Trichet, president of the ECB. He pointed out the growth prospects of the euro area 1% against 0.8% previously.While the severe degradation of the note in Greece did not impact the morale of the operators.

The European Union has also shown its unity: the European government leaders during a meeting Thursday, June 17 in Brussels, have pledged to tighten fiscal policy to respond firmly to the debt crisis of the states.

In China, the yuan, hit a record high since July 2005. Two days later, the renminbi, another name for the currency, displays a record on the interbank market at 6.8089 against the dollar, reports the agency Dow Jones Newswire.

No statistics major is waiting on Monday morning.The previous week, on the macroeconomic front, investors have noted the rebound in European Industrial production output is + 9.5 in Europe.

EDF: 10% in South Stream (1.49% to 36.33 euros)

The group vowed on Saturday to take a stake of at least 10% in the South Stream gas pipeline through the end of 2010 a decline in participation of the Italian group Eni. The public company has also signed an agreement for cooperation in the nuclear field with the Russian Rosatom public group.

GDF Suez: + 1.57% to 26.25 euros

The company announced on Saturday he came up to 9% stake in the Nord Stream pipeline, which needs to be redirected from the 2011 Russian gas to Europe.The French gas group has also signed a cooperation agreement with Gazprom in the areas of energy efficiency and energy savings.

Alstom: + 2.91% to 42.14 euros

A tripartite agreement was formalized on Saturday between Alstom and TMH its Russian partner railways of Kazakhstan on the provision of 200 freight locomotives to the latter, the French share is estimated at 500 million euros.

France Telecom: -0.32% to 15.35 euros

The telecommunications group has met on Sunday evening in its board of directors to consider a draft agreement with Claude Le Monde Perdriel, CEO of Le Nouvel Observateur, and Spanish media group Prisa, said a spokesman for the 'telecoms.The Chief Executive Stephen Richard had said in an interview published by the Journal du Dimanche that Orange had invest 50 to 60 million euros in Le Monde.

Renault: + 3.13% to 33.92 euros

The manufacturer could work with an American partner if the opportunity presented itself, "said CEO Carlos Ghosn with the Italian newspaper Sole 24 Ore, but said he was not a necessity.

TF1: + 0.28% to 12.36 euros

The FIFA World Cup looks positive for TF1, although the France team was eliminated in the first round of the competition, Le Parisien said the Group CEO Nonce Paolini.Friday, TF1 shares fell 0.84%.

Stallergenes: + 1.85% to 55 euros

The group said to be satisfied with the results of a Phase III clinical study conducted in China for a sublingual immunotherapy (Staloral) for treating asthma to mites.

Eurotunnel (GET): 2.65% + 6.28 EUR

The operator of the Channel Tunnel was given the green light to bid in the privatization of the railway high-speed London-Folkestone, according Wansquare, citing unidentified banking courses.The sale process could be launched today, the Financial Times.

Accor: + 0.14% to 43.89 euros

Standard & Poor's Friday affirmed the credit rating of BBB-group and ended the surveillance period with negative implications opened last September, before the split announcement Edenred of the new entity separate from the hotel services.

Schneider Electric: + 2.28% to 92.14 euros

His finance director has ensured that the group would continue this year to small and medium sized acquisitions in emerging markets.

The Transparency Committee eventually concluded that "the Multaq does not improve the medical service rendered in relation to amiodarone (…) but represents a useful supplementary therapy. Experts believe that the "medical service rendered" is "important" when they had considered "moderate" in the first review in March.

This advisory opinion warrants a refund of 65% of Multaq, but it does not fix the selling price. This will be negotiated with the Ministry of Health.The daily La Tribune said that the opinion of the Commission should result in a price lower than the products already marketed. The laboratory should therefore support price negotiations with a strong argument: the reduction of hospitalizations and deaths due to medication.

900 million euros turnover in 2013 horzon

While numerous patents expire Group, Sanofi-Aventis place great hope in the Multaq: Analysts expect 900 million euros turnover in 2013, according to business daily.

The new drug is already marketed in several countries like Germany, the United States, the United Kingdom, Denmark, Norway, Ireland, Switzerland or Canada. A spokesman for the pharmaceutical group has confirmed a target marketing Multaq in France by the end of the year.

A challenge for the "cost killer" at Nissan, the shareholders re-elected for four years without surprise at the head of the automaker. Five years after its accession to the presidency of the group, the economic conditions in 2010 should however be difficult. The scheduled shutdown of the scrappage scheme in particular, should not contribute to boost the profits of Renault, who anticipates a decline of 10% of the European market this year.

"The club small groups producing more than 7 million cars a year"

To find the flexibility brought by the loan of 6 billion euros granted by the state earlier this year, Ghosn has also committed to the shareholders to repay that money more quickly than expected, it ie before the year 2014 Guaranteed fast personal loans. "We will refund well before the deadline and we will refund if possible in concert with our friends at PSA," he said. The lion brand was in effect at the time assisted the same amount.

The manufacturer expects to have the freedom again to close and installing production units it wants to reduce its costs.One recalls the intervention of Nicolas Sarkozy to stop the entire production of the Clio in Turkey …

Carlos Gohn finally defended the recent alliance with Daimler, well received by analysts but with more caution by the shareholders of a German manufacturer of luxury cars. "With Daimler, we enter into the restricted club of groups producing more than 7 million cars a year," argued the head of the corporation.

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The world provides a stabilization of its production to 40 million carats in the next two years, against 48 million carats in 2008.The predicted shortage should be accelerated by new demand from Asian countries, including China, where these stones are very popular online cash advance.

In twenty years, no site has been discovered that can compete with the mines operated by De Beers in South Africa or that of Alrosa in Russia.

After a difficult 2009 which resulted in losses, the diamond table on profits this year, and until 2014. Some analysts see the move as a preamble to a re-IPO of the group.

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The program also published a series of U.S. data – weeks claimed Thursday to 13 hours, and a third estimate of GDP for the fourth quarter of 2009 Friday at 13.30 – and the presentation from 9 hours by Jean-Claude Trichet's annual report the European Central Bank before the European Parliament.

The bank in a disorganized

As for values, the series of publications is nearing completion. Thursday, Hermes has released a turnover up 8.5% to 1.9 billion euros, while earnings fell slightly (-0.5%) to 290.2 million euros.Shortly after opening, shares Hermes show a net decline of 2.52% to 102.50 euros.

Pending more information on the measures to be taken at the Brussels summit, banking stocks move in a disorganized: Cr?dit Agricole and BNP Paribas rose respectively from 0.90% to 12.94 euros and 0, 33% to 58.03 euros. In contrast, Societe Generale and Dexia retreating respectively from 0.27% to 46.38 euros and 0.22% to 4.47 euros.

Renault rose 0.61% to 34.01 euros, negotiations on cooperation between the French automotive group Daimler and German are close to reaching an agreement, the Financial Times online payday loans !!!???!! !???!!!.

The Italian A2A accelerates the process of selling its stake in Edison to EDF (-0.09% to 38.55 euros), a transaction that would allow the French group to take control of Italy's number two electricity, at we learned from sources close to the matter.

TF1 head of DTH

Germany, France, the United Kingdom and Spain are planning to protest together with the U.S. President Barack Obama against the forced removal of EADS (+0.76% to 15.28 euros) in the invitation to Tender tanker aircraft for the U.S. Air Force said Thursday the daily newspaper Les Echos.

TF1 got the green light by the High Council of Audiovisual (CSA) to buy chains and TMC NT1 group but AB's subsidiary Bouygues will make certain commitments.A decision welcomed by financial markets as the TF1 shares climbed 4.93% to 13.63 euros, the largest increase in DTH.

KKR announced Wednesday the sale of a stake of 4.4% in Legrand through a process of "book building" accelerated. It will own 20.6% of the capital and 27.5% of the voting rights of French group at the end of the assignment. Wendel for his part said not to join the operation and maintain its 24.9% stake in Legrand (-4.11% to 23.59 euros). KKR shares changing rapidly declining from 2.14% to 6.41 euros.

Camaieu (stable to 158 euros) announced Wednesday the results in sharp drop in 2009 but said he observed an improvement trend in the last semester.

Veolia (+1.25% at 25.96 euros) announced in a statement that the new boss of EDF, Henri Proglio, leaving the presidency of the board of directors. His replacement has yet not been identified.

The euphoria of yesterday and seems to give way to calm. To recall, the meeting Monday was characterized by a jump in raw materials, through a combination of economic data carriers (Global manufacturing PMI at highest level in 44 months) and political or geopolitical event (tensions between Russia and its former satellites, strike in a copper mine in Chile …). The oil is pressed above 80 dollars per barrel WTI and the dollar has declined substantially.On Tuesday, a barrel of oil is trading at 81.53 dollars and the dollar continues its decline at 1.4438 dollar per euro.

On the macroeconomic front, investors will pay attention to the publication of overseas industrial orders for November, promises of home sales in November and figures about the car market, each in 16 hours.

Google and Kraft Foods for

Google (-0.38%) today gave a press conference during which he must present his new cell phone.

For its part, Apple (-0.04%) said the Wall Street Journal that it planned to unveil a multimedia device during the months of January to start next March.Moreover, according to All Things Digital, the group should buy an advertising company on phones, Quattro Wireless, for $ 275 million dollars.

Kraft Foods (+3.6%) has sold its frozen pizzas to Nestl? ($ 3.7 billion) to afford Cadbury. The giant U.S. agribusiness should specify January 19 the modalities of its new offering to achieve his ends. Today, Berkshire Hathaway (+0.06%), the investment fund of billionaire investor Warren Buffett, said he opposed the hostile bid from Kraft Foods, which he said the biggest shareholder, its British rival.

Mesa Air Group (-64.79%) announced on Tuesday it had entered under the protection of Chapter 11 of U.S. law on bankruptcy. The group intends to restructure its debt and settle its legal dispute with Delta Airlines.