Posts Tagged ‘store’

The CAC 40 takes about 2.5%

March 18, 2011 - 8:16 am Comments Off

On Thursday, the Paris Bourse, the CAC 40 rose 2.43% to 3786.21 points at closing, reinforcing its earnings at the opening on Wall Street optimistic. Same atmosphere in the rest of Europe: the DAX index of the Frankfurt Stock Exchange finished up 2.2% to 6656.88 points while the FTSE-100 index of London Stock Exchange gained 1 , 72% to 5694.26 points.

Operators were initially reassured by the strength of the Japanese market which has lost only 1.44% today. Then the U.S. markets opened sharply higher, which consolidated its Paris in a good mood.

On the foreign exchange market, the euro continued its rebound against the dollar on Thursday. Around 17:30 in Paris, the euro bought 1.4038 dollars against 1.3906 late Wednesday, its highest in four months.

Wait around the nuclear

Markets remain suspended to the efforts of Japanese technicians to cool reactors at the Fukushima nuclear power plant, while the situation deteriorated further on Thursday. In this context, the Bank of Japan (BoJ) announced it has injected six trillion yen (54 billion) extra in the money market today in two operations to support the economy after the earthquake, bringing to 34,000 billion yen (309 billion euros) its total contribution since Monday. The BoJ is attempting to stem the alarming rise of the Japanese currency. The yen has indeed reached a new record since World War II against the dollar in Asian trade, the greenback is worth more than 79.20 yen. An outbreak that the Japanese government has allocated to speculative movements.

Asian stock markets have plunged again on Thursday.According to Japanese newspaper Nikkei, a conference call would also gathered Tuesday afternoon with representatives from more than a dozen non-Japanese financial institutions about the market situation in the archipelago. Some have called for such an immediate closure of the stock market due to volatility. What the Tokyo Stock Exchange declined.

The U.S. unemployment expected

Note that in Europe, the Spanish Treasury has issued Thursday for 4.13 billion euros of bonds at 10 and 30, again with interest rates down from the previous similar show on February 17, This confirms the renewed investor confidence in the soundness of the economy.

It is within this context that several U.S. macroeconomic statistics have been published. The weekly jobless claims fell more than expected in the United States.Moreover, higher oil prices is being felt in the United States on consumer prices, which have experienced in February their largest increase since June 2009. Industrial production, she shrank against all odds in February cash advance no faxing. Finally, manufacturing activity accelerated sharply in the Philadelphia area.

Credit Agricole wants to quintuple its net profit

Lagardère: +0.22% to EUR 30

The group announced its plan to postpone initial public offering of Canal + France because of the events in Japan and financial market instability that results.By contrast, sales at Hearst Magazines International is not questioned.

Carrefour: 3.13% to 30.83 euros

HSBC is the title neutral to overweight cons.

EADS: 1.52% to 19.06 euros

German airline Deutsche Lufthansa AG has announced that it placed an order for 30 Airbus A320neo and five Boeing 777 freighter version.

Axa: 4.61% to 13.94 euros

The buyer from PAI Partners in the capital of Yoplait will be known by the end of next week, said a spokesman for the fund. Seven candidates, including Bel and Axa Private Equity, are still in the running, sources said Reuters source familiar with the matter.

Credit Agricole: -0.04% as 11.28 euros

The bank announced on Thursday its net profit will increase fivefold by 2014 and confirmed forgo major acquisitions over the period.Credit Agricole, which presented its new strategic plan, said targeting a net profit of group of 6 to 7 billion euros in 2014 against 1.26 billion posted in 2010.

Bolloré: + 1.60% to 155.50 euros

NCT Necotrans announced its intention to file a criminal complaint Thursday with the prosecutor of Paris after losing in conditions he considers irregular, the concession of the port of Conakry, Guinea, on behalf of Bolloré.

Plastic Omnium is optimistic

Plastic Omnium: 17.81% to 51.60 euros

The specialist automotive products and services to communities on Thursday posted a net profit increased fivefold to 150.7 million euros.He expressed optimism for this year.

Ruby: 0.15% to 78.95 euros

The group, whose net income rose 19% in 2010, believes that the level of its equity and low debt levels allow it to target new acquisitions this year. Specialist in downstream oil and chemical proposes a dividend of 3.05 euros per share for 2010 (+7%).

ADP: 0.03% to 60.01 euros

Traffic increased 5.9% in February, with 5.8 million passengers, including 4 million to Paris-Charles de Gaulle airport (+4.6%) and 1.8 million to Paris-Orly (+8 , 8%).

Eiffage: +2.15% at 40.39 euros

Today is the expected decision of the Court of Appeal of Paris on the use of Arnaud Montebourg cons of PROs on APRR.

NRJ Group will publish its annual results after market close.

MPs want to marry the AEF in France Televisions

March 10, 2011 - 11:44 pm Comments Off

The idea is gaining ground among the MPs who are working on the reform of broadcasting outside France (AEF). Christian Kert Didier Mathus and the two members co-rapporteurs of the mission on the AEF chaired by Michèle Tabarot (UMP) examine opportunities to "secure the international structure to France Televisions. "The public group could act as a reception center," commented Christian Kert cautious reminder that this idea had already been in development a few years ago before the report of Bernard Brochand not advocating the creation of a structure autonomous as it currently exists.

For the UMP deputy of the Bouches du Rhone, "this would be a more natural affiliation to Agence France Presse that the kinship with less obvious". In addition it would minimize a number of issues raised by Bercy interviewed by the Mission information.They have indeed outlined, in very diplomatic language, virtually impossible for shareholders is the state of having a clear idea of ​​the financial situation of the AEF. That because of the difficulties of current governance. "This explains that the contract objectives and resources with the State which is under construction since 2008 is still not finalized in 2011."

Spun, the AEF would clear up his accounts, but also its costs down, especially in terms of labor costs. MPs recall in effect, that "the two leaders of the AEF – Christine Ockrent and Alain de Pouzilhac – are as well paid as the president of France Televisions, while sizes of companies are not really equivalent. Moreover, it would mean that the Foreign Ministry would no longer directly on the frontline. This, according to people close to the dossier, would not displease him.If at this stage, Pflimlin Remy, president of France Televisions had not commented on this event, he would not, however, vetoed such a possibility. France Televisions is already a 25% shareholder of EuroNews, the European news channel.

But several issues remain pending. MPs do not rule out completely unravel the AEF and thus halt the merger France 24 and RFI. In such a case, France would be only 24 in the bosom of France Televisions while international radio remain independent unless it is linked to Radio France. It now remains whether the public broadcasting group, itself full internal reform, will be able to absorb a new entity.

Finally parliamentarians who know that time is running will not be content to appraise the mechanic of the AEF.They also intend to look at the editorial aspect of the chain and its developments abroad. All responses will be made in early July.

Apple prepares to unveil its new iPad

March 1, 2011 - 11:20 am Comments Off

This time for sure. Or almost. March 2, Apple expected to unveil the highly anticipated iPad 2. It will suffice that the company sends an invitation to American journalists to revive speculation. A photo reveals a piece of screen that lets assume that this is the iPad 2. Additional evidence, the meeting will be held at the same place where the first tablet had been made, the Yerba Buena Center in San Francisco. Reactions to the announcement may seem disproportionate. This overlooks the fact that after upset the market for music (iPod and iTunes), telephony (iPhone), Apple is addressing the issue and the PC world with its iPad.

When is the next revolution? Some are betting on a sensational debut in television. Meanwhile, the assumptions about race 2 continues the iPad.It would be finer, with new features, including a second camera to facilitate video conferencing.

The moment is perfectly chosen by Apple to silence rumors about his ability to launch a new version. Although no official date had been given, the rumor predicted a delay in this second version! They waited for the new iPad in January to launch three months later. But the health of Steve Jobs delayed the process. That gap could make him lose several million in sales. According to analysts, a period of three months in the marketing of the iPad 2 would pass the annual sales from 30 to 23 million.

Investor confidence

For Apple, the risk is even greater than the competition gets tougher. There are now over a hundred bars of all sizes.Admittedly, not all are marketed in the U.S. or Europe, but the profusion of offers incentives for the response. If Apple wants to remain the benchmark in the market shelves, it needs to change his. Success of the iPad 2 also proves that even if Steve Jobs is on sick leave, product launches continue. Certainly, many shareholders have asked last week presenting a succession plan, a proposal rejected in general meeting. But overall, investors maintained their confidence in society. The way Apple rose nearly 8% since the beginning of the year, the market outperformance.

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Electricity: The bill could rise by 5%

February 20, 2011 - 7:28 pm Comments Off

The redemption price would be fixed in April, and the report advocating the "right price competitive" known until mid-March. According to the Journal de Dimanche (JDD), the findings of this report, ordered the former director general of INSEE Paul Champsaur, "are ready and recommend the price of 39 euros per megawatt hour (MWh).

The new law on the organization of the electricity market (prefecture), which shall enter into force on 1 July, stipulates that EDF, the incumbent electricity, must yield to its competitors – GDF Suez Direct Energy and other Poweo – up to 25% of the electricity produced in nuclear power plants. The selling price must be set by ministerial order. This new mechanism is expected to boost competition in an industry dominated by ultra-EDF.More than three years after market opening to competition, the French are indeed remained mostly faithful to the regulated tariffs.

Reflect production costs

EDF had voted for a rate set at 42 euros per MWh, Henri Proglio, CEO of the group, believing that selling below this limit would mean the "looting". Alternative suppliers, including GDF Suez, hoping for a price closer to 35 euros per MWh.

To fix the wholesale rate at 39 euros, experts have focused on the impact that the price on your household. The increase for the public, would be at least 35% in five years, with the wholesale price of 42 euros asked by EDF. It would be 30% at 39 euros, a level considered more reasonable by the Champsaur report, according to the JDD, or 5% per annum by 2015.Difficile to go below, however, according to the report."If the government does not overly increase the rates for individuals, it should not set a price too high for manufacturers," said a relative of Paul Champsaur quoted by JDD. Nome law specifies that the award should reflect "economic conditions of production" of nuclear power plants and it will be "consistent" with a specific tariff to business, Tartam (transitory regulated tariff for market adjustment) .

Friday, Energy Minister Eric Besson had told AFP that "nothing was adjudicated" and that dialogue "continue."He said that this price would be fixed "by a decree signed in April, after an arbitration of the President of the Republic and the Prime Minister."

(With AFP)

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The CAC 40 in its highest since October 2008

February 2, 2011 - 1:56 am Comments Off

The CAC 40 continues on the path to higher Tuesday. Halfway through, the benchmark index in Paris gained 0.86% at 4039.98 points. Investors, who pushed the benchmark index in Paris yesterday to rebound, do everything to maintain the 4000 points. The closing in the green on Wall Street and the increases, even timid, in Asia this morning, contend that the movement extends to other European markets: The London Stock Exchange climbed 0.81% to 5910.69 points. The Dax index featuring the Frankfurt Stock Exchange gained 0.97% on its side at 7145.90 points.

But the news from China are likely to weigh on morale. According to the China Federation of Logistics and Purchasing (CFLP), the PMI manufacturing index for January was again slowed to 52.9 in January against 53.9 in December 2010 and 55.2 in November. HSBC is less categorical and evokes a PMI remained virtually unchanged at 54.5 in January, against 54.4 in December.What sow doubt in the minds of investors, already disrupted by protests in Egypt.

On the foreign exchange market, the euro continued to rise above $ 1.37 on Tuesday after sharp rebound the previous day fueled by the figures for inflation in the euro zone that gave rise to speculation about a increase in the rate of the European Central Bank. Around 11:15 in Paris, the euro bought 1.3775 dollars against 1.3686 dollars late Monday, its highest level since Nov. 22.

Gust Statistics

Still on macroeconomic, particularly busy day ahead.

In France:

– The producer prices in December rose 1% after rising 0.4% in November, while prices for exports have been 0.6%, INSEE said on Tuesday.Furthermore, growth of manufacturing activity slowed in January, falling to its weakest pace in six months. The PMI index fell to 54.9 against 57.2 in December. An initial estimate had been given to 54.3 a week ago.

For the euro area:

– The number of jobseekers in Germany fell by 13,000 in January in seasonally adjusted data, more than expected, falling to 3.135 million, said Tuesday the Federal Labour Office.

– Manufacturing activity accelerated faster than expected in January.The PMI index rose to 57.3 in January against 57.1 in December, higher than the flash estimate of 56.9.

– The unemployment rate was 10% in December, unchanged from November.

In the U.S., the ISM manufacturing index will also be published, along with construction spending in December (16 hours.

Sanofi gets closer still Genzyme

As for values to be followed:

The values of the energy sector that benefits from rising oil prices. Total clinching 2.37% to 43.73 euros, Technip 2.60% to 72.1 euros O and CGC Veritas winning 3.30% to 22.89 euros.

Club Med: + 0.57% to 16.85 euros, Lafarge: + 2.37% to 44.30 euros, Air France: + 0.52% to 13.42 euros

The tour operator and the cement, very present in Egypt, are particularly challenged in price since the beginning of political troubles in the country.They are less so today, the day of the "march of a million" people in Cairo and Alexandria.

For its part, Air France will increase its capacity between Paris and Egypt from Tuesday to facilitate the repatriation of its customers payday loans online.

Sanofi-Aventis: + 1.11% to 50.43 euros

The French group and its U.S. counterpart Genzyme reached an agreement in principle on the structure of a rapprochement between the two groups said on Monday two sources familiar with the matter.Moreover, U.S. authorities have opened preliminary investigations on the potential risks of drugs produced by Sanofi-Aventis and other laboratories, said Monday the Food and Drug Administration (FDA).

Renault: -0.91% to 47.35 euros

The automaker announced Monday expected to resume with an operating profit in 2010, the current year to be marked, he said, in an operating margin of 2.8% against -1.2% in 2009. More generally, manufacturers will be monitored with the publication today of car registrations in January. The market is still supported by scrapping, because in January registrations were up 3.1% at comparable number of working days.

BNP Paribas: + 1.94% to 55.66 euros, Societe Generale: + 0.28% to 47.38 euros

The bans short selling of financial stocks, decided in 2008 after the bankruptcy of Lehman Brothers at the height of the financial crisis, will be lifted on Tuesday along with the entry into force of a modified version of the General Regulation The AMF makes such a mandatory takeover bid from the ownership threshold of 30% and not more than 33% of a company.

EADS: + 0.45% to 21.14 euros

A WTO report issued Monday contends that Boeing has received U.S. government grants unjustified.This latest announcement "a huge rejection of assertions of the European Union."

GDF Suez: + 0.74% to 29.19 euros

The group announced lundiun agreement for the purchase of five underground storage sites for natural gas in Germany, and a stake of up to 19.7% in another site.

EDF: -2.76% to 31.31 euros

EDF shares recorded the strongest decrease in the CAC 40 after information Voices that Paul Champsaur, one of the architects of the reform of the electricity in France, will offer a selling price of electricity from nuclear EDF lower than that required by the electrician.

ArcelorMittal: + 0.73% to 26.80 euros

The steel and mining group Vale, but also groups of South Korean and Chinese companies are among the 15 candidates for the development of Tavan Tolgoi coal site in Mongolia, considered the main source of untapped coking coal in the world.Its reserves are estimated at five billion tonnes.

Technip: + 2.73% to 72.91 euros

The group announced Tuesday it had won, in consortium with Daewoo Shipbuilding & Marine Engineering, an engineering contract for a floating liquefied natural gas (FLNG) in Malaysia.

Carrefour: -1.26% to 35.19 euros

The retail giant confirmed Monday to study various projects likely to lead to the marketing of certain of its assets, including its real estate subsidiary Carrefour Property.

Alten: + 3.54% to 26.39 euros

The group announced Monday include organic growth of at least 8% in 2011, driven by the dynamism of its markets, and pursue acquisitions.

New boss to head Kenzo

December 31, 2010 - 1:48 pm Comments Off

Bernard Arnault chose not to sell Kenzo and revive the brand. This subsidiary of LVMH group since 1993 is often regarded as the unloved child of the French luxury empire. At that point recurrent rumors about a possible sale had surfaced before last summer. Credit Agricole, Bank of LVMH, has indeed studied the file and buyout offers were presented. But the boss of the group has denied. He decided instead to revive the brand, which recently celebrated its 40 years, but barely surviving the departure of its founder Kenzo Takada, ten years ago.

The president of the company for just two years, James Greenfield, is leaving. He should join another subsidiary of LVMH. According to our information, it will be replaced by Eric Marechalle early January. The latter shows a profile of business.After going through the clothing brand cheap C & A, he was in charge of the group Catimini kidswear Zannier. This recruitment should be only the first of a series intended to beef up the sales and marketing of Kenzo.

The boss of LVMH trying to recoup its smaller brands, which often live in the shadow of the "stars" of the group, like Vuitton, Dior, Moet & Chandon or Tag Heuer. Within the fashion industry, led by Pierre-Yves Roussel, claws Celine, Givenchy, Loewe, Pucci, Berluti Kenzo or contribute less than others in the group's profits when they are not home loss cashadvance. The revival of Celine since eighteen months, led by Phoebe Philo to the creation and Marco Gobetti management, is already a success.Bernard Arnault and Pierre-Yves Roussel would apply the same recipes at Kenzo.

The fate of the artistic director, the Italian Antonio Marras, in place since 2004, is unresolved. Extend his contract until at least 2012. His style often cultural or ethnic does not always convincing. Some models shown at the shows are not even marketed.

Restore profitability

The new boss will have to look at the structure of the collections to make the offer more consistent. Kenzo is a scratch less luxurious than its counterparts LMVH, more accessible, balanced between men and women. Its sales, estimated at 150 million euros, is at best stable and has little of the traditional sector relay accessories (bags, shoes).Moreover, if it developed in Eastern Europe, the Middle East and Asia in recent years the brand has not a globally and remains absent from the United States. Reduced to balance in 2007 after several years of losses, the company did not release significant profit. The new boss's first task will be to redevelop the sales to restore profitability in the medium term. However, its perfumes, whose bestseller FlowerbyKenzo, are a lucrative nugget.

France defends the secrets of his business

December 9, 2010 - 1:24 am Comments Off

Checking a candidate's personal background to management of a company. Mission to analyze the consequences of divorce on the future of a family company. Sensitive information about an acquisition. Who decides to study in an international tender. Investigation to avoid purchasing land in India classified as hazardous for environmental reasons. These varied missions were conducted by companies specializing in competitive intelligence.

French companies have discovered in recent years the interest to better protect themselves and defend their interests.The work of evangelization led by Henri Martre, former president of the public group Aerospatiale, who joined EADS, the prefect Remy Pautrat, the UMP Bernard Carayon of the Tarn and Alain Juillet, a former senior official in charge of intelligence Economic Advisor to the Prime Minister and President of the Academy of Competitive Intelligence, have raised awareness to the business they had to look after their interests.

Effervescence

In this area, however, the state still plays a leading role. Christine Lagarde, Minister of Economy, presented Wednesday in the new Cabinet actions by the public to help national champions to protect against external attacks.These range from business intelligence to the strengthening of security companies and research laboratories, through strengthening the influence of France in the bodies charged with enacting international standards.

The mobilization of state and business organizations as the MEDEF, CGPME and chambers of commerce has created a frenzy. In recent years, French companies in business intelligence have multiplied. The tricolor is the number one public group ADIT (Agency for the dissemination of technological information). It employs 150 analysts in France and 500 foreign correspondents, paid primarily to the mission, and carries 20 million euros of turnover. Its experts have designed the business center of Baghdad French allowing contractors to win contracts in Iraq enjoying the maximum safety.They may have offices and hotel rooms secured, an armed escort to move or ask to arrange a visit to an area. The tricolor is another great CEIS, founded in 1997 by Olivier Darrason, which is present in other sectors. Sign of the emergence of a true industry, the profession is organized with the creation of a professional syndicate.

But much remains to be done. "The market is fragmented," says Philippe Deciduous, CEO of Adit. "The French have a real lack of representation abroad, in Asia and India. They outsource too much of the Anglo-Saxons in countries like India. The expertise in financial matters is Anglo-Saxon, "said Christian Harbulot, founding director of the School of economic warfare.The French are not yet able to compete with the Anglo-Saxons, led by Kroll and Control Risks, a strong presence internationally.

The deal could change, however. "The state will open the capital of Adit up to 66% to create the European leader able to compete with the Anglo-Saxons," explains Philippe Deciduous. The computer services company Altran, the credit insurer Coface, the fund HLD Jean-Bernard Lafonta and Butler Capital funds are in the running. They laid their offerings on Nov. 19. Governments should take a decision by Christmas. Once selected, the two new shareholders will locate Adit Germany, Sweden, England, Italy and strengthen its presence in Brazil, Russia, India and China. Evidence that the intelligence beyond French borders.

New forms of attacks

• The Michelin case or failures in law

In July 2007, Clermont supplier Bridgestone is notified by its Japanese competitor, one of its former executives trying to sell strategic information on truck tires. Following the trial on 21 June, a court in Clermont-Ferrand condemns dishonest former employee to two years suspended sentence and 5,000 euro fine, plus 10,000 euros in damages. But he was acquitted of charges of "violation of trade secrets" and "acts of espionage." "This verdict would probably have been different had we been able to present the detail of the relevant policy, we do not want to do is advertise the hearing.It would introduce the camera in this type of case, "offers Andrew Dietz, the legal director of France Michelin.

• Social networks increasingly monitored

In a large construction company in 2008, the son of the CEO discovers a profile on behalf of his father on Facebook. Knowing that his father sexagenarian stands away from social networks, it alerts the management of IT services group. Facebook will one week to grant their request to close this fake profile. Eight days during which the usurper could announce an acquisition or other major event likely to impact its stock price. Another company has thanked a member of its board of directors, who recounted his day's work every night on Facebook, revealing strategic information.The Labour Court has also recently approved the dismissal for serious misconduct of three employees who had denigrated Alten their hierarchy on the Internet, sullying the reputation of the company.

• From the dark to destabilize competitors

Laboratoires Thea is a good example of influence strategy, the component "offensive" of intelligence. Their rival Monaco Europhta, advised by the Parisian firm Institutions and Enterprises, has spread a rumor about an innovative eye drops Thea, referring to dangerous side effects, based on medical reports biased and false testimony.Thea has conducted an operation against influence-which allowed him to stem the negative impact of libel on its sales to obtain redress in the courts and in October 2007 to buy its competitor.

• The racket takes many forms

Hackers sometimes seek to blackmail companies. An industry group has been paying its employees' payroll and a blocked site, e-commerce was paralyzed a few weeks before Christmas. The web page subscription online broker Saxo Bank has been duplicated and made up with an account number which transferred directly falsified Internet payments on the account of the pirate. Areva has been a target of an impostor posing as an agent of the former DGSE.Attempts at extortion are not reported by the companies who fear a negative impact on their image.

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Domenech wants 2.9 million euros

November 4, 2010 - 5:40 am Comments Off

The history between Raymond Domenech and the French Football Federation has not yet ended. Dismissed for serious misconduct (Editor's note: refusal to shake hands with the South African coach, reading the letter from the players after the exclusion of Nicolas Anelka and non-disclosure of insults by the Chelsea striker at half-time in France Mexico to FFF) in early September after 17 years in the federal fold, the former coach of the France team would, according to The Post.fr, before the Labour Court to enforce its rights.

Tuesday, our colleagues wrote that Domenech claimed over two million euros in compensation to his former employer, or a little over two years' salary! This Wednesday, Connesson Master, counsel for Raymond Domenech said on RTL radio that the former coach of the Blues claimed 2.9 million euros to the FFF. "There is no acrimony and no personal animosity .Simply Mr. Domenech is particularly surprised that there is a political rather than legal, which was taken by the federation, which is to separate despite and in defiance of the provisions of the Labor Code of the latter, and ultimately be the sole responsibility of a collective crisis. In consideration under extremely brutal conditions in age, seniority of my client, we will ask that the severance of which would be due him be paid, and three years' salary either a lump sum of 2,900,000 euros closely, "said Master Connesson on RTL radio.

"We're not at war, yet tempered recently Duchaussoy Ferdinand, the acting president of the 3F. There was a conflict problem, a number of errors that he was charged and that led to his dismissal.There was never any aggression against this situation. There is a financial problem to be resolved at one time or another. "Obviously, that moment has arrived …

Seloger.com still rejects Axel Springer

October 26, 2010 - 12:28 pm Comments Off

What new argument Seloger.com will he reveal to justify its rejection of the hostile takeover of Axel Springer? The question is asked at the Paris Stock Exchange on Tuesday, since the share price was suspended at the request of the company. "As part of good practice agreed with the AMF, the title will Seloger.com suspended Tuesday pending the filing of the reply document containing the reasoned opinion of the supervisory board and the expert's report," has said a spokesman for the group told Reuters.

The independent expert was appointed by the supervisory board in early October to further investigate the conditions of the offer of Axel Springer.The latter, which acquired 12.4% stake in the site with some of its founders to 34 euros per share, reconfirmed the end of September his intention to stay in a bid to 34 euros per share.

This amount was rejected by the supervisory board of Seloger payday loan lenders.com: according to him, does not reflect the intrinsic value of the group and its prospects for growth. In the media, the founders of Seloger.com, Amal Amar and Denys Chalumeau, repeated announcements that the site does not need the German group to develop. On Tuesday, the tone of the speech should not change.

At the Paris Bourse as investors bet at least on a cons-offer or an increase in the amount offered to shareholders by Axel Springer. Since announcing the proposed acquisition on September 9, the title of the French company has always traded at a price level higher than the price offered by the German group.On Monday, the price closed at 35.65 euros per share.

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Potash: funds are organized

October 11, 2010 - 8:32 am Comments Off

Competition from BHP Billiton organized. According to the Sunday Times this Sunday, the Canadian pension fund Ontario Teachers' Pension Plan (TPPO) would have discussed with Temasek, the Singapore sovereign wealth fund, the launch of a cons-offer for the acquisition of Potash. Goal: cut the grass under the feet of mining giant that has 39 billion dollars to get their hands on the world's largest fertilizer. The British newspaper wrote that the two funds have already found an industrial partner, which could be the Canadian mining company Teck.

For now, discussions are at a preliminary stage but the two funds are considering an offer to either buy or take a minority stake in Potash at a price higher than that proposed by BHP.

The Times and The Sunday Telegraph also reported that Potash is reviewing various options, including a dismantling of its activities to counter the bid from BHP Billiton business