Posts Tagged ‘top news’

The A330 military won four countries

February 25, 2011 - 1:52 pm Comments Off

The Airbus tanker derived from the long-haul A330 aircraft, will enter service later this year in Australia. Canberra has ordered five copies of this multi-role military aircraft, both tanker and cargo, should receive its first aircraft in spring. "In general, the commissioning follows eight to ten months later," says one Airbus. The European aircraft manufacturer delivers a complete unit which will then be militarized by the client, by the Royal Australian Air Force, for example with cons-measures to protect the aircraft. In Australia, a partner in Airbus, Qantas Air Service, which will implement the rigid pole, called boom refueling.

The A330s will begin in Australia military career already well underway. The European aircraft, also known as KC-45, has won all the latest tenders in the world.He was chosen by the British Royal Air Force who ordered 14 via a leasing agreement unprecedented in military matters, the Saudi army with five units and the army of the United Arab Emirates (UAE) up to three tankers. In total, Airbus has garnered 28 orders from four customers for a value not provided. As a guide, the list price of the A330 is 170 civilian million.

Apparatus assembled in Toulouse

The European supply has received its airworthiness certificate civil March 17, 2010 by the European authorities (EASA). His military certificate was issued by the National Institute of Technology Spanish competent authority in this case as Airbus Military, which is responsible for military programs Airbus is based in Spain. The product however is assembled in Toulouse, France on the same production line as the A330 civilian.

Airbus shows significant ambitions for its KC-45. In his own studies, the potential market is around 250 aircraft in the world outside the United States. France, for its part, could be ordered 15 copies.

Sanofi is the remedy to afford Genzyme

February 16, 2011 - 3:40 pm Comments Off

It's official: Sanofi-Aventis buys U.S. biotech Genzyme. The laboratory has improved its last offer, which was to expire at midnight yesterday after being launched on October 4 and extended twice. The two parties reached an agreement and the offer will end on March 16 upgraded.

Sanofi-Aventis and will spend $ 20.1 billion in cash (or 14.9 billion euros) to acquire the worldwide leader of rare diseases. An amount equivalent to $ 74 per share, or 5 dollars more than originally proposed. Genzyme shareholders will also receive certificates of conditional value (CCV). The latter could result in additional payments if the biotech meets certain sales targets.Security holders may receive up to $ 14 and additional action if sales Lemtrada, a drug used against leukemia that Genzyme is trying to certify against multiple sclerosis, achieve the goals most optimistic.

In financial terms, Sanofi-Aventis believes that the transaction would increase earnings per share of 0.75 to 1 euro by 2013. The Group Chief Executive, Chris Viehbacher, adds that the merger "should be accretive in the first year, in other words that the approximation should have a positive impact on the Group's profitability in the first year while the transaction should be completed in the second quarter of 2011.

Genzyme will be a new growth driver

Sanofi-Aventis also focuses on the strategic dimension of this approximation.According to Chris Viehbacher, the operation "will create a significant new growth platform for Sanofi-Aventis by expanding our presence in biotechnology." The lab also intends "to Genzyme's global center of excellence for rare diseases."

In terms of Genzyme, the title earned 3.53% to 74.30 dollars at the close of Wall Street yesterday in preparation for this announcement and before publication of its annual results on Wednesday. In 2009, the biotech had achieved a turnover of 4.5 billion. Its activities are an important growth driver for Sanofi-Aventis, faces competition from generic drugs.

Furthermore, the reorganization of groups is running. Sanofi-Aventis has already indicated that the CEO of Genzyme step down but retain an advisory role on the transaction.Remains to be seen what any other restructuring induced by this marriage.

In early trading, Sanofi-Aventis under the lead of more than 2.4% and signs and the largest increase in the CAC 40. The benchmark index of the Paris Bourse rose by 0.4% to him.

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Yoplait bids rise

February 7, 2011 - 9:32 am Comments Off

The investment fund PAI, which has sold its 50% stake in Yoplait, had confirmed the interest in the world number two yogurts. While fourteen suitors had withdrawn an information on the group, they are nine to be filed Friday, an offer "nonbonding." Besides the three investment funds Bain Capital, Lion Capital and Axa Private Equity, Lala is the Mexican, Chinese Bright Food, the American General Mills, Nestle's Swiss or the French Fair. As stated in the JDD, even Lactalis, which had not removed the information memorandum, has applied for membership.

In late 2010, the French group had drafted a proposal to repurchase $ 1.4 billion for the entire share capital of Yoplait. This offer was rejected by PAI and Sodiaal cooperative that owns 50% of Yoplait and intends to remain a shareholder.Good news for the seller, bids exceed 1.5 billion euros, up for some well beyond the price that was articulated by Lactalis hitherto a reference. "It's normal for between-tempsYoplait bought his franchise in Canada and that carries its enterprise value over DE1, 5 billion euros," recounts a close case. PAI should retain in the coming days with some candidates identified for further discussion.

Le Figaro is the first national newspaper

February 5, 2011 - 8:52 am Comments Off

Click on the thumbnail to enlarge the graphic.

After a bad year in 2009 during which their distribution was down 3.5%, the national daily information (non-press horse) recovered a little breath in 2010. According to final figures from OJD, the monitoring body of the press, broadcasting France paid the eleven national newspapers last year grew by 1.6% over the previous year, reaching an average of 1.598 million copies per day. "We must not hide his pleasure, these figures are good news, says Patrick Barter, Director General of OJD. While the ground lost in 2009 was not returned. But the bleeding has stopped. We are dealing with a real progression for the majority of titles. "

The largest increases, however, are not spectacular.Driven by new formulas, La Tribune and Liberation rose 2.3% and 1.36%, after a particularly trying year 2009 for both titles. Le Figaro retains its position as the leading national newspaper with a circulation of 316,732 copies, France paid an average increase of 0.77%, thanks to the full-year impact of the new formula was launched in September 2009. Sales did well in the second half. In December, Le Figaro has gained 6.3%.

Without displaying a rise in sales, three titles – The Cross, The Team and The World – have stabilized their positions.Currently in transition with the entrance to its new shareholders and capital of the imminent arrival of a new boss for its editorial, Le Monde, third nationally with 286,348 copies daily, has halted the decline in sales on the decline 2010 (-0 bad credit payday advance.59%) being small compared to that of 2009 (-4.1%).

The group suffers Le Parisien

Further decline in revenge for Today in France (-7.82%) and its regional edition Le Parisien (-4.65%), both published by the Amaury group, whose broadcasts had already fallen sharply in 2009. The business daily Les Echos (115,706 copies), which was one of very few titles up in 2009, went through a bad second half of the year which resulted ultimately in a decline of 4.66% of its dissemination France paid over twelve months. The International Herald Tribune has yet to turn down.After falling 15% in 2009, the spread of English-language newspaper owned by The New York Times lost 4.84% last year, dipping below the 20,000 copies. As for France Soir, which was relaunched last March, it reached a circulation of 74,531 copies. Its Russian shareholder, Alexander Pugachev, is 100,000 copies by the end of the year. A new formula was inaugurated in January.

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Lagardere sells at high prices to its Hearst Magazines International

January 31, 2011 - 9:32 am Comments Off

In a forced march. Less than a month after announcing the opening of exclusive negotiations with U.S. publisher Hearst, Lagardère has completed the sale transaction of its global news division.

According to our information, the operation reached a total value of 720 million euros, 650 million in cash and 8 million a year in royalties under the license for Elle magazine. What credit the women's magazine with a net present value of at least 70 million euros.

Lagardere, which has a framework agreement for this purpose in several countries, will retain ownership of the brand, merchandising and will have a say on the editorial line.

If Lagardère now refocuses on France, it protects the passage of one of its most beautiful asset in the national territory through a licensing agreement with a purchaser Hearst.Finally, Lagardere keeps 30 million euros of real estate that he intends to sell later. The scope of the operation on 102 newspaper titles in 15 countries. Neither Hearst nor Lagardère were willing to comment on the Sunday operation.

This sale is expected to positively surprise the market. Aware of the nuggets of the group as the 42 versions of Elle magazine and the 12 international versions of Psychology, the latter assumed an amount exceeding 500 million euros, but its high estimate never exceeded 700 million. Is roughly the turnover of the international press center, which has 5,000 employees and 58% of the total turnover of the entire magazine division of Lagardère my credit score.The latter amounting to 1.270 billion euros.

Leader

Finally, the United States, Lagardère is also the publisher of prestigious brands such as Car & Driver (1.3 million copies) and Woman's Day (3.8 million). What have raised the stakes throughout the negotiations.

This operation will therefore allow the French group company debt in late 2011 and get him out of an industry where it considers no longer have the critical mass to compete favorably and restructure. In 2009, the victim of a sharp downturn in advertising, more marked than in France International, the group had already sold five U.S. specialty magazines (Popular Photography, Flying, Boating …) to the publisher Bonnier.He had also arrested a half-dozen magazines in the world.

For his part, Hearst consolidates its leading position in the magazine not only on its home market but also globally. The latter has a total turnover of $ 4 billion and employs approximately 20,000 people worldwide. He holds a dozen magazines like Harper's Bazaar – the biggest competitor of Elle – Cosmopolitan, Esquire, Country Living with nearly 200 international versions. If the strategy is clear to the American group, Lagardère will now have to convince his own. Last week, he emphasized his desire to concentrate on its subsidiary Sports Unlimited.

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Espionage: Another part assigned to the manufacturer Prudhommes

January 16, 2011 - 3:24 am Comments Off

Xavier Thouvenin, lawyer Michel Balthazar, was confirmed earlier this evening that his client, one of three executives at Renaultsoupçonnés spying, received Saturday morning by his employer a letter of dismissal for gross misconduct. "We're going to tribunal. However we decided to take a few days of reflection before deciding whether further proceedings, made a point Xavier Thouvenin.

Christian Charriere-Bournazel, a lawyer Bert Rochette, also suspected of espionage, means, in turn, make an action for defamation direct quote non-public proceedings before the police court on Monday."I want to force the Renault company to give us what they consider their evidence," Le Figaro said Mr Charriere-Bournazel.

It is possible that Michel Balthazard also calls a procedure to the extent that the letter he received is very similar to that of his colleague. "In his letter, the manufacturer says that my client received money from foreign sources leading Renault to be satisfied, in exchange for money, as Michel Balthazard gave strategic information to the company, said Xavier Thouvenin . The company offers no real proof and serious. She has only one conviction. That Renault made the deduction. I find it very light. It looks like a rush job. "

Another point emphasized by counsel, the change in qualifying action.The letter speaks of strategic counsel notes, while Patrick Pelata, deputy CEO of Renault, said, a week ago in an interview with Le Monde, no "nugget technology strategic plan Innovation has been filtered out of the business, including nearly 200 patents issued or pending filing.

Travel in China

In this case, Michel Balthazar, 56, a member of the steering committee, was nominally appointed by the anonymous informant. According to sources familiar with the matter, a number of trips to China within a family have been recorded as part of investigations by the manufacturer.

Michel Balthazard visited frequently in the country just to visit his son who worked there, says his lawyer.It was during trips to Korea and Japan, two countries where the manufacturer has subsidiaries, Samsung Renault and Nissan, as Michel Balthazard was organized to spend a few days in China, not really hide it in Since its tickets were booked by the travel agency of Renault. "He went one last time in China in November 2007, before her son parte settle in the United States," added Xavier Thouvenin. It was three years ago.

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The hard-discount stores are not the cheapest

January 11, 2011 - 1:12 pm Comments Off

Prices have tended to decline slightly during 2010. This is shown by the Observatory's published Tuesday by Rural Families. Since 2006, the Consumers' Association points out six times a year the prices of consumer goods in different shops that are more rural. This year, between the first survey in January and the last in November, prices rose 0.19% on average, all brands combined.

The average price range – a set of 35 products from 13 categories ranging from water to personal hygiene products through frozen foods and feed-stood at 133.19 euros. It is down 0.5% from the panel through the 2009 atteignanit 133.89 euros.The association compares the prices by store type (hypermarkets, supermarkets, convenience stores and hard discount), but also by product type (national brands, private labels, 1st prize). If the range of products sold on average 133.19 euros, the average price falls to 98.28 euros and if we take into account that the first price products. For brands (private label), it amounts to 127.32 euros, rising to 173.97 euros for national brands (+2% in one year).

In five years, prices rose 2.7% on average. The barometer also stresses that these are the first products prices experienced the largest increase since 2007.While retail brands fell 2.2%, the "entry level" took about 8.1%.

The price, at the expense of quality

The study of rural families also shows that it is better to shop in supermarkets, hypermarkets rather than in hard discount store or local shops. National brands are sold cheaper than 1.2% hypermarket, 17.5% also cheaper than in small shops. Supermarkets are also best placed in prices for private label products. 1st prize for the products, hypermarkets and supermarkets are at par, but are cheaper by about 5% of the hard discount retailers. Family Farm Association had already reported a year ago that the hard-discount retailers were not the best position, even for products first prize.According to Yves Puget, editor of the magazine LSA, which specializes in distribution, when asked on Europe 1 radio on Tuesday, major retailers have positioned themselves in the niche products said at the range – 50 to 60% less than marks national face competition from hard discount stores. For him, it was however at the expense of quality that is not there, which explains why sales of these products have stagnated. Rural families complain that the poor are disadvantaged by this practice.

(With AFP)

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The CAC 40 caution before U.S. jobs

January 7, 2011 - 10:12 pm Comments Off

After an opening in the red, the CAC 40 was the yo-yo around equilibrium before leaving frankly down. Halfway through, the CAC 40 lost 0.26% to 6963.4 points. At the London Stock Exchange, the FTSE-100 fell by 0.56% to 5,985.65 points and Frankfurt Stock Exchange, the Dax loose 0.26% 6963.40 points.

These hesitations are expected to continue until early afternoon. Investors are waiting in effect until 14:30 the publication of unemployment figures and employment for the month of December in the United States.

Economists polled by Reuters expect 175,000 new jobs outside the agricultural sector for the month of December.In the aftermath, the Federal Reserve chairman, Ben Bernanke, must speak before the Senate Budget Committee.

On Thursday, the CAC 40 has canceled its gain of over 1% at mid-session, after the weekly claims for unemployment benefits rose in the United States.

U.S. employment and unemployment, European unemployment and GDP

On the macroeconomic front, after a miserly start of the week in news, the meeting will be hosted by a number of indicators.

In France, the trade deficit rose in November to 3.869 billion euros against 3.712 billion the previous month.

Are also expected economic forecast by INSEE for France in the first quarter 2011 (at 16 hours).

In the euro area, economic growth slowed more than expected in the third quarter of 2010 to 0.3% (against 0.4% previously announced).The unemployment rate, meanwhile, remained stable at 10.1% in November.

United States, in addition to unemployment figures and employment for the month of December (1430), the consumer credit will be announced in 20 hours.

On the currency markets, the euro remains below $ 1.30. About 11:00 am in Paris, the euro bought 1.2985 dollars against 1.3006 dollars on the previous evening.

Record deliveries for Airbus

Against this backdrop of feverish, bank stocks are in decline: Societe Generale lost 1.26% to 41.61 euros, BNP Paribas 1.44% cowardly to EUR 49.12, Credit Agricole dropped 1.14% to 9.787 Natixis Euro yields 1.04% to 3.63 euros.

Renault: + 1.22% to 47.39 euros

In the case of industrial espionage affects Renault, the automaker suspect a Chinese actor, according to information from Figaro economy.For his part, Peugeot advance of 1% to 31.30 euros.

GDF Suez: -1.14% to 27.20 euros

A spokesman for GDF Suez confirmed to AFP Thursday an information website of the magazine Challenges, that the group will abandon stock options.The device should be replaced by performance-related bonus shares in the group.

Hermes: + 4 payday loans for self employed.42% to 161.90 euros, LVMH: -1.41% to 120.28 euros

In the case of Hermes / LVMH, the AMF authorizes the Hermes family not to launch takeover bid for the entire group.

EADS: + 0.42% to 19.16 euros

Airbus (EADS) achieved record shipments in 2010: more than 500 aircraft delivered to airlines Boeing 462 to cons.

Sanofi-Aventis: -0.69% to 49.93 euros

Sanofi-Aventis has announced the appointment, effective February 1, new leaders in emerging markets where the pharmaceutical company wants to strengthen.Patrick Aghanian will be responsible for the Eurasia region, Thomas Kelly of Asia, Heraldo Marchezini of Latin America and Jeremy Moulding of Japan and Pacific area.

Casino-Guichard: -0.16% to 72.77 euros

Casino Guichard now holds 99.6% shareholding in its subsidiary e-commerce Cdiscount.

Schneider Electric: + 0.04% to 114.35 euros

Schneider Electric has signed an agreement to acquire majority shares of APW Président Systems Limited, an Indian manufacturer of enclosures for the telecom and information technology.

Saint-Gobain: + 0.37% to 38.33 euros

The Dutch competition authority said it had fined 17.7 million dollars to several companies, accused of having formed a cartel in the glass, among which is the local subsidiary of Saint-Gobain.

Bourbon: -0.18% to 35.45 euros

Bourbon announced Thursday its decision to separate the roles of Chairman of the Board and Director General from 1 January 2011.Jacques de Chateauvieux therefore yield the reins of the operation to Christian Lefevre.

Axa: -0.48% to 13.44 euros

Axa Private Equity, the private equity subsidiary of Axa, is in exclusive talks with Bain Capital to acquire the French chemicals group Novacap according Agefi.

Dexia: -0.78% to 2.68 euros

Dexia has initiated the process of selling Deniz Emeklilik, its life insurance subsidiary in Turkey, according to Les Echos.

Arcelor Mittal: -1.61% to 27.11 euros

ArcelorMittal called Thursday evening to shareholders of Canadian Baffinland Iron Mines to accept its offer of 550 million Canadian dollars, considering it superior to that of Iron Ore Nunavut.

Thales: + 0.30% to 26.66 euros

Canada has expressed a "strong interest" for the purchase of two vessels Mistral class manufacturer of DCNS, Thales which holds 25%, according to La Tribune.

Remy Cointreau: + 4.14% to 55.30 euros

Goldman Sachs added Remy Cointreau to its list of preferred values and raised its recommendation from "buy," cons "neutral" before.

France, borrow 184 billion in 2011

December 22, 2010 - 2:52 am Comments Off

The figure is staggering, but it nevertheless reflects an improvement. Next year, France will borrow a net-184-billion market. This is 2 billion euros less than expected in September and above 4 billion less than in 2010. For the current year, Agence France Trésor (AFT) has in fact borrowed 188 billion euros in medium and long term.

A record that reflects the magnitude of the impact of the recession on the French public finances faxless pay day loans. To release some pressure, Bercy has done everything to borrow less in 2011, including buying this year 22.6 billion of debt maturing next year.This is the dual purpose of sending a reassuring message to financial markets while remaining in the wheel of the Germans who should, in turn, take around 195 billion euros next year, or ten billion euros less than in 2009.

A relaxed

The French economy grew at low rates

December 17, 2010 - 8:20 am Comments Off

Click on the thumbnail to enlarge the graphic.

INSEE does not believe that France can do beyond 1.6% growth this year. Yet the government had made to believe. "In 2010, growth of the French economy will be significantly higher than our expectations," said even the Prime Minister at a meeting of the National Council of the UMP, the last weekend.

Public forecasters are less confident. Growth last quarter would have certainly continued to progress, but did not sufficiently detached. As for next year, it does not begin on the wheel cover. GDP growth should not exceed 0.3% in first quarter 2011 and 0.4% in the second, according to figures released Thursday by the National Institute of Statistics and Economic Studies.Over this period, "the French economy would remain moderate and the trend it has known since the end of the recession," said INSEE.

Elements that are difficult to consolidate the Bercy scenario of growth to 2% next year – already considered somewhat optimistic by most economists. Why? Because at the end of June 2011, the growth of France will be gained 1.3% and 0.8% should be theoretically the third and fourth quarters to achieve the target of 2%. Not impossible, but ambitious! However, if the rate observed in the first half continued in the second, growth in 2011 would not exceed 1.6%, calculated by INSEE.

"We have a cautious forecast for the first part of next year, because we think there are reasons to be cautious," said the head of the business cycle, Sandrine Duchêne.Which cites the uncertain international environment, a Euro still fragile situation, with pressure on sovereign debt, or a fiscal tightening in major economies.

According to the scenario of INSEE, the growth of France would suffer thus slowing demand sent to it, which will weigh on exports. And this, just as the favorable effects of the depreciation of the euro should begin to fade. Business investment should accelerate slightly by mid-2011. "It would benefit the business outlook and improved financing conditions," said INSEE.

Unemployment to 9.5% in June 2011

Household consumption continue, too, his progress, "with a quarterly profile marked by the effects of scrapping, which must end in a fortnight.The first half of 2011, household spending should be "modest."

Employment, finally, would not interrupt its progression. Given the decline in activity, "the employment adjustment during the crisis was moderate (…) The growth seen since early 2010 is also greater than would be expected past behavior," says the INSEE. Job creation in the private sector should be from 50,000 in the first half of 2011, and about the same in the previous semester. Mid-2011, unemployment should have dropped to 9.1% in France (9.5%, including DOM). This nevertheless still "degraded" labor market should weigh on earnings. The purchasing power of French is expected to grow "moderately".

In this "uncertain economic environment," the French would continue to save as a precaution at a high rate, around 16%.A sign that confidence in the French economy is not back yet.

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