International Headlines and Stories

Closing reassuring Wall Street yesterday gave a positive impetus for the Paris Stock Exchange on Tuesday, which has increased its earnings to grow by 1.57% enséance before reducing them after a disappointing statistic across the Atlantic on the U.S. consumer confidence in July.

At the final bell, the CAC 40 is 0.83% at 3666.4 points and preserves the points.Un 3660 this threshold had not been touched since June 22 last. Elsewhere in Europe, the London Stock Exchange closed up 0.27% to 5365.67 points.

French markets were again worn by banking shares. Yesterday, the shares had already boosted the index, in response to the publication of results of stress tests on Friday.On Tuesday, they went into high gear, including Societe Generale climbed 10.59% to 44.22 euros, Credit Agricole, which has soared 10.14% to 10.62 euros and Dexia, which has rose 7.32% to 3.87 euros. Axa and BNP Paribas follow with respective increases of 6.74% and 5.49%.

After trading, the markets will see the unemployment figures for the month of June in France.

In addition, the Department of Ecology has announced that the number of starts of new homes in France fell 0.3% for the period April-May to June, compared to the same period a year ago, while the number of building permits recorded an increase of 25%.

On the foreign exchange market, the euro continues against the greenback.Around 17:30, the euro was trading at just below $ 1.30, but the threshold has been crossed earlier in session.

The U.S. housing close look

Yesterday the key index in Paris managed to keep the threshold of 3600 points despite an early meeting very hesitant. Good numbers of U.S. homes have played an especially comforting to investors. And on Tuesday, rebelote: the Case-Shiller index of home prices meets the individual operators offering. It rose more than expected in May in the United States, +0.5%. The month of May and is the second consecutive monthly increase, a trend that comes after two months of consecutive decline.

But the Conference Board index, published in 16 hours, fell for the second straight month in July, falling to a lowest level since February, to 50.4 in July against 54.3 (revised from 52.9) in JuneAn advertisement that has a little cooled investors.

Publication Burst

On Tuesday, the publications will be honored at the Paris Bourse:

Danone (-4.24% to 44.35 euros) announced before market opening a current net profit in the second quarter of 848 million euros and a turnover of 4.386 billion euros in bad credit payday loans.

Altran (7.79% to 3.25 euros) has reported a turnover of the second quarter 2010 from 357.6 million euros (+2.3%). The group expects a significant improvement in the margin in the second half of 2010.

The Land of the Regions (-0.12% to 72.85 euros) published a recurring net profit increased 1.1% to 153.4 million for its first half, with rents of 264.1 million , up 1.7% at constant scope, and an occupancy rate of 94.4%.However, its net asset value, excluding financial instruments, stood at 73.20 euros per share, down from late 2009 due to the distribution of a special dividend for 2009, consisting of 3 30 euros in cash and six Beni Stabili shares, 52.5% owned subsidiary acquired in 2007

Note that M6 and LVMH will unveil their first-half results after market close. Vinci, Compagnie des Alpes and Fleury Michon publish their turnover for the period also after 17:30.At the same time, Air France KLM (+0.69%) will release first quarter results are.

Sanofi repulsed Klepierre sanctioned

The U.S. biotechnology company Genzyme has rejected a buyout proposal made by Sanofi Aventis (-0.94% to 45.15 euros) according to Bloomberg.

Capgemini (-1.1% to 34.98 euros) has announced the signing of a 6-year contract between its subsidiary Capgemini UK and Royal Mail Group Limited (RMG), the British postal service, for its service management computer.

Klepierre (-2.61% to 25.17 euros), revised down slightly its 2010 targets of recurring cash flow and rents, the prospect of austerity plans in Europe have slowed the recovery of consumption.

Icade (+1.05% at 73.83 euros) on Monday announced a net profit in the first half more than eight times while its net current cash flow per share, affected by the low profitability of its development division, declined 21%.

April Group (-2.88% to 19.76 euros), saw the decline in sales accelerated to 12.9% in the first half. This is explained by the group with a focus on its brokerage business, which should result in a decrease of 25% of the insurance business in 2010.

Finally, Technicolor (10.81% to 0.41 euros), has received a firm offer from the private equity fund Francisco Partners for the acquisition of the "professional broadcast" of Grass Valley.

Tax audits conducted in 2009 by agents of IRS reported 14.7 billion euros in state on Monday said the financial daily Les Echos, citing the report of activities of the Directorate General of Public Finance (DGFIP) .

The figure is down from the previous two years. In 2008, the checks had been recovered 15.2 billion euros. In 2007, some 16.4 billion euros had been collected by the State.

Of these 14.7 billion, some 3.5 billion are directly related to the fight against tax fraud and penalize "failure characterized," says the DGFIP. In addition, the amount quoted in the report does not include money collected by the unit set up by Bercy to allow taxpayers with undeclared assets abroad to regularize their situation.The 3500 tax evaders repented reported at 31 December 2009 – a total assets of around EUR 6 billion – and would in turn reported 700 million euros in taxes.

Nearly 48,000 companies controlled

In detail, the tax recovered last year nearly 4.8 billion euros through desk audits, carried out from offices, against 5.6 billion in 2008 and $ 5.9 billion in 2007.

Conversely, the product of the 51,000 "spot checks" made directly to individuals (3912) and especially for businesses (almost 48,000), is up: they have helped to recover 7.6 billion EUR rights, plus penalties of 2.3 billion.Moreover, these cases have resulted in 939 complaints of tax evasion, said the DGFIP.

32 million from traffickers

The President of the Republic, Nicolas Sarkozy, had announced that he wanted "to strike at traffickers portfolio. Two hundred control operations were carried out in sensitive areas and led to recalls and fines of 32 million euros.

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The honor is safe: Microsoft earns more money Apple. Some were considering a transfer of power between the two giants of American computer but the Apple brand will be a little patient. Of course, Apple is now more expensive than its rival in stock: 235 billion against $ 226 billion for Microsoft. However the latter has finally achieved the title of his fourth-quarter profit of 4.518 billion dollars or 51 cents per share, well above the 46 cents expected by analysts. Apple's side recorded during its third quarter profit of 3.25 billion for a turnover of 15.70 billion savings account payday loans.

In its statement, Microsoft said it has achieved a turnover for the period April to June of 16.04 billion dollars, up 22% thanks to higher sales in all activities. This is a "record"

Over the year, net income appears to 18.760 billion dollars, up 29% and the turnover of 62.484 billion dollars, up 7%.

The group Redmond has definitively turned the page on last year, which had marked the first decline in its business since its inception.

INSEE, dispelling a misconception. According to a study by the Institute published Friday, small businesses thrive on the territory much faster than population. On average, they rose 1% per year between 1993 and 2008, while the population grew by 0.5% annually. A particularly marked increase from 2000.

A distinction, however: this development has been so differentiated according to sectors of activity No fax cash advances. And if the hairdressers, estate agents and fast food are booming, dyers, shoemakers, cafes and cinemas are long faces. INSEE points and between 1993 and 2008, a joint ten lost his last drinking place.

The barber, trade's most developed rural areas

Photo credits: Le Figaro

"The week will be very nervous," Franklin predicted Tuesday Pichard, director of Barclays stock. On the one hand, the low trading volumes (less than 3 billion at the close Tuesday, and just over one billion at mid-session on Wednesday) and other stress tests released Friday at 4:00 p.m. confirm this thesis . Since the beginning of the week, the CAC 40 index opened sharply higher supported by positive results from U.S. companies lose momentum before As the meeting. But on Wednesday, the upward trend appears to continue. At midterm, the CAC 40 gained 1.84% to even 3531, 94 points, well above the 3,500 points.The stock exchanges in London (1.50%) and Frankfurt (1.33%) advance in unison.

On the currency markets, the euro retreated against the dollar, traders were playing the card of caution before the release Friday of the results of resistance testing of the 91 largest European banks. In the morning, the euro was at 1.2867 dollars against 1.2881 dollars the previous day.

Asian stock markets closed on Wednesday in a disorganized, Tokyo lost 0.45% to 9258 points, while Shanghai was slightly higher than 0.06%, within minutes of closing.

Accor, Arcelor-Mittal and banking head CAC 40

On the macroeconomic front, the appointment of the day is undoubtedly the meeting between Christine Lagarde, Minister of Economy and its German counterpart, Wolfgang Schäuble, at 12:45 pm.The two ministers would discuss the release of such stress tests, for which Christine Lagarde said he was "totally confident". These relate to BNP Paribas (3.10% to 48.42 euros), Societe Generale (2.35% to 36.64 euros), Credit Agricole (2.64% to 9.07 euros) and Dexia ( 3.69% to 3.23 euros).

Other values to follow, EADS (2.02% to 16.40 euros), at which place the salon Fairnborough (south London) until July 25.Airbus will easily exceed its target of orders in 2010 and could set up 400 orders against 300 originally planned, said Tuesday John Leahy, marketing director of manufacturer, Reuters Insider.

The European Union has also announced Wednesday it would appeal the conviction of the World Trade Organization (WTO) on subsidies provided to Airbus.

The airlines, including Air France-KLM (1.43% to 10.06 euros) will also follow, while five air traffic controllers' unions have called a strike for Wednesday.

World production of crude steel increased by almost 28% over the first six months of the year, but the pace of growth continued to slow in June: +18% over June 2009. Analysts believe the slowdown will become even more acute in the months to come.Investors follow the impact that this announcement will have on companies such as ArcelorMittal (2.64% to 23.92 euros).

APRR (-0.02% at 53.91 euros) indicated that vehicle traffic had benefited in the second quarter of disturbances air and rail, as well as improved economic conditions. The group has published a quarterly revenue, excluding construction rose 5.8% to 491.5 million euros, with vehicle traffic rose 4.5% in the second quarter, in kilometers traveled.

Accor Laureate Award

The ball of results announcements or turnover continues: after-hours trade, Unibail-Rodamco will present its second quarter results.NRJ Group, Mersen (ex Carbone Lorraine), Cegid Sperian unveil them their turnover in the second quarter.

Accor (5.13% to 24.38 euros) has announced a growth of 5.1% of its turnover in the hotel industry in the first half on a comparable basis.The group earned a higher "backed" by its occupancy rate in the upper and mid-range and higher average prices in France, Germany and the United Kingdom.

The manager of nursing homes and clinics, Orpea (0.91% to 31.50 euros) achieved a turnover of 470 million euros, representing organic growth of 9.3% and confirmed its objectives Annual 2012.

Manitou (5.31% to 12.30 euros), a manufacturer and distributor of material handling, reported Tuesday a sharp rise in quarterly sales, but said the second half anticipate a slowdown in orders and possible impact of delivery on its turnover.

Hi-Media (-24.9% to 3.35 euros), publisher of consumer websites, has warned that its net profit in 2010 would be affected by restructuring.The group now expects an operating profit comparable to that of 2009 (16.5 million euros).

Vetoquinol (+2.4% at 26.04 euros), the veterinary pharmaceutical company, has published a turnover of 138 million euros, up 15% in the first half. The group expects to raise over 200 million euros to pursue its external growth.

Sword Group (4.54% to 24.66 euros) and reported sales of 47.2 million euros in the second quarter, up 7.8% as organic. The services company confirmed its objectives for 2010.

The recovery of steel distributor by IMS Jacquet Metals (1.93% to 29.6 euros) a share exchange transaction is now effective, IMS announced Tuesday a few days after getting the green light European authorities.The current CEO of Jacquet Metals, Eric Jacquet, has been appointed to head the new entity.

CGI Group, specializing in services in information technology and business process management has signed an outsourcing contract with Computer Systems Group distribution of electrical supplies, Rexel (1.82% at 11 , 45 euros). The contract covering a period of six years is 50 million.

This is the most reassuring news announced by the U.S. authorities for more than two months. According to Coast Guard Admiral Thad Allen American to oversee cleanup operations in the Gulf of Mexico, BP should be able to contain 100% the gap in the well from which oil flows to by Monday. A new funnel, bigger than previous ones, is currently installed by the British oil.

This funnel, called "Top Hat Number 10", should recover up to 80,000 barrels of oil per day (12.7 million liters), against 25,000 now. The authorities are optimistic that based on their assessments, the well lost more than 60,000 barrels per day. The previous dome will be first removed. A large quantity of oil escape so well for 48 hours.But once the new funnel posed, the results will be immediate, promises Thad Allen.

Since April 20, the day of the explosion of the Deepwater Horizon platform off the coast of Louisiana, BP has increased its attempts to clogging, all unsuccessful.

No stop before August

BP was more cautious in its forecasts. Bob Dudley, responsible for managing the disaster, spoke of another scenario where difficulties in installing the new funnel could delay the time from Monday to Thursday.

But authorities are confident: "We have the climate we need," said Thad Allen. The admiral, however, required to calm the enthusiasm that followed the announcement. "I used the word 'contain' and not 'stop'," he commented. According to him, the well would not be closed as well as two-pass will not be completed.These wells, dug deep to inject cement and mud, should not be installed until mid-August. Once the leak stopped, the extensive cleaning and restoration of the ratings will continue.

Anadarko does not pay

On this last point, BP was again struck Friday denied Anadarko Petroleum. The company, which owns 25% of wells responsible for the spill, said she would not pay the $ 272 million that BP is asking her to cover their share of cleanup costs, according to U.S. law known pollution.

On June 18, the tension was raised a notch between the two partners lorsqu'Anadarko stated that the explosion of April 20 on the platform Deepwater Horizon, "was preventable and was a direct result of decisions and actions BP unthinking.

In another e-mail sent Friday, a spokesman for Anadarko, John Christiansen, however, felt that his group remained "committed to working in good faith with BP to reach a satisfactory resolution."

BP is now awaiting the response of Mitsui, which owns 10% of the wells. The British oil giant is claiming $ 112 million for cleanup costs. The company has not yet made its position.

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For three months, Nestle tries the impossible in France. In a market of bottled water down the last ten years, the world number one is preparing to launch a new brand. And not just any, as this is the introduction in France of Pure Life, world's leading brand of bottled water.

"There is a French project that builds on the success of Nestle Pure Life," said Le Figaro Hubert Genieys, communications director of Nestlé Waters. The group is "by the summer" to make a decision. The weather also seal the fate of Aquarel spring water to Nestle family launched in 2000 with sales in France have not taken off.And that could eventually be replaced by the French version of Pure Life Pure Life.

Nestle Pure Life is tested in twenty supermarkets size of Le Mans and Angers, the two largest test markets in Europe, as announced last month our colleague Ray beverage. The test should be completed in the coming days, once the remaining stocks sold. "The book starts slowly," says Jean-Marc Renaudin, head of the radius drinks Leclerc Angers. "It's a grain of sand against a mountain!" He adds, referring to sales of Cristaline: the market leader – sold € 1.02 pack of six 1.5 liter bottles – sells 25 30 pallets per week (2800-3360 packs), while Pure Life, which costs twice as much, capped at half a pallet (32 packs) … In times of promotions (- 50%), however, sales may go up to four half-pallets in a weekend.In Intermarché of Le Mans, the permanent discount on Pure Life (1.02 euro) cut the lead in sales (which reads from one to ten) with Cristaline.

The linear congested

"It is completely below the cost price, these prices will not last long!" Fumed Peter Papillaud majority shareholder group Alma (Cristaline Vichy Celestine, St Yorre, etc..), Which gives the winning Figaro 0.33 euro per bottle, without promotion or communication, through reduced shipping costs to a minimum. Since he has seen at Le Mans last month, the posters of Pure Life, Peter Papillaud still furious. He campaigned against Nestlé with its distributor customers.Until patterns of signs to which he recalls that they allowed, with Cristaline, "not to lose money on the waters first prize."

The placement price of one Pure Life is strangely reminiscent of Aquarel (2.95 euros per pack of 6), a time sponsor of the Tour de France, with which Nestlé wanted to become a leader in Europe. Number two in Spain, and number three in Hungary, Aquarel never exceeded 1.5% market share in France. In several large areas of Le Mans and Angers, it has already disappeared from the shelves for almost a year. "In France, in a particularly unfavorable brand now boasts good performances, however, below our expectations," said Hubert Genieys."Aquarel suffered a mid-range position, caught between an actor unbeatable pricing and what Cristaline mineral water like Evian, Volvic and Vittel that provide reinsurance, analysis Bernard Malik, a partner the firm Roland Berger.

This does not Nestle to think big. He hopes to replicate the success story in France Pure Life number one in the United States, Egypt and Jordan, number three in Turkey and Shanghai. His recipe: low price, strong networking planning and adaptability to local consumption patterns. Launched in 1998 in Pakistan, the water present in 28 countries is natural in France, addressed to the U.S., desalinated in the Middle East, remineralized in some countries. For five years, she has an annual growth of 24%, but its presence in northern Europe is limited to Great Britain and Germany.Nestle's dream to find a recipe for anti-crisis on the French market.

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In a market somewhat reassured by the prospect of quick release of aid to Greece, investors remained cautious almost the whole length of the session.

Then again, once the bamboo. Shortly before 16 hours, the index unscrewed and recasse 3,800 points, 3787 points exactly (-1.4%). In London, the Footsie – 100 lost 0.91% to 5566 points. In Frankfurt, the Dax fell into the red, and more timidly back 0.11% to 6138 points.

Moody's said the drop in grade nine Greek banks regarding their financial and credit solodit?. And Standard & Poor's lowered its rating on Goldman Sachs.The U.S. Justice had opened a criminal investigation against the American investment bank, say several U.S. media including the Wall Street Journal and Washington Post.

On Thursday, the Paris Bourse was rebounded, following strong quarterly results and hope for a speedy realization of the plan of aid to Greece.

News macroeconomic rich

The producer prices rose 0.6% in March in France after rising 0.1% in February, according to Insee. On a year they show an increase of 2.0%.

In the euro area, inflation has accelerated a bit in April, 1.5% over one year after 1.4% in March, according to Eurostat. The unemployment rate remained stable at 10% in March.Note that France has seen the number of jobseekers in category A decline of 0.2% in March.

In the U.S., the publication of the first estimate of U.S. GDP for the first quarter of 2010 will most watched by investors. The figure will be unveiled at 14:30.

Total, biggest drop in the CAC 40

On Friday, Total reported net income up 9% to 2.3 billion euros. The actions of the oil lost 2.55% to 40.8 euros, the biggest drop in the CAC 40, as investors disappointed by Total's production in relation to its competitors.

In the other direction, Michelin, the second largest increase in the index, rose 2.58% to 54.84 euros. The group unveiled Thursday evening tire sales in line with analysts' expectations. The outlook and actions are "a very good entry point" in stock.

S?chilienne-Sidec (4.76% to 24.2 euros) on Thursday posted a turnover increase of 20.6% in the first quarter of 2010 to 66,200,000 euros, after one year of 2009 by disabled 'significant downtime and lower coal prices.

After Exchange, Latecoere publish its annual results.

Around 15 hours, will begin the General Assembly of shareholders of Renault, where the boss, Carlos Ghosn, should be reappointed to head the automaker.

Vinci downturn

Vinci (-0.83% to 41.75 euros) Thursday announced the signing of a Memorandum of exclusivity with Apax Partners to buy investment fund Faceo company specializing in technical maintenance services.

ADP (+0.14% to 62.5 euros): The Union of French airports (UAF) said on Thursday that the volcano Eyjafj?ll Iceland, which has caused paralysis in air traffic from 15 April has lost to French airports with 30 million euros 16-18000000 for A?roports de Paris.

Rhodia (+0.17% to 17.8 euros) announced Thursday night that successfully placed a bond loan of EUR 500 million maturing in 2018 intended to refinance its senior debt.

With sales were down 16% to 1.32 billion euros, an EBIT of 139.2 million (-9.6%) and a net profit of 95.9 million euros ( -3.2%), the first quarter of Technip is declining, but these figures are higher than analysts' expectations.

Despite competition "intense in all regions," Thierry Pilenko, CEO of the company has entered the CAC40 almost a year ago, noted "signs of recovery."

The evidence, the backlog has reached the end of March 2010, 8.13 billion euros, compared to 8.02 billion euros at end December 2009 and 6.93 billion euros at end-March 2009."Estimates of the group, envrion 47% of the backlog should take the next nine months of 2010."

In addition, the giant engineering and construction sector of the black gold is pleased to have recorded a total of 1.34 billion euros in new orders in the first quarter of 2010, against 1.15 billion euros a year ago.

Annual target unchanged

Thus, the direction of the oil services specialist confirmed Thursday morning his goals for the current year.Annual revenues are expected in a band between 5.9 and 6.1 billion euros (between -5.5% and -9.5% in one year) and operating margin is still seen stable.

Remember however that annual sales had been revised downward in February, while Technip had published annual results in freefall – net income fell 62% year on year – and the speech concerning the outlook remains worrying .

A contract "major" in Brazil

Yesterday, Wednesday, Technip said it had won a contract by Petrobras for the flexible pipe system driver Tupi field. He refers to the agreement a "major", with "key challenges" at the technical level.This field is situated at 2,200 meters depth of water in reservoirs pr?salif?res Santos Basin, about 300 km off the Brazilian coast.

The transaction amount was not specified. But with this new contract, Technip strengthens its leading position in Brazil, especially in the promising market tanks pr?salif?res.

In Stock

In just two sessions, the Technip shares have lost nearly 8%. Wednesday night, they quoted at under 60 euros to 58.27 euros exactly.

On Thursday morning, the shares resumed colors: they rise from 1.22% to 59.08 euros by 9:30. This is the second best performance of the benchmark index of the Paris market.

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Bad news for the U.S. aircraft manufacturer Boeing. The rival Airbus has struggled to meet with some of these sub-contractors, according to online edition of the Wall Street Jounal. These problems would delay delivery of that piece of the fuselage of its future long-haul B787 Dreamliner to their place of assembly in Seattle.

These delays fall to worse for the manufacturer seeking to accelerate production of its new aircraft to make up for two years behind its original schedule. The inaugural flight – postponed six times – took place last December 22.

Customers get impatient

Launched in 2004, the program has suffered numerous delays attributed to the complexity of the business. Boeing, the first American exporter, technology showcase and trade United States, wanted to reinvent the way to build a civilian aircraft.He selected composite materials to make the unit lighter. With also new engines, the B787 is expected to be nearly 20% more fuel efficient than the previous generation aircraft.

And during that time, customers get impatient. The Japanese airline ANA must be the first to receive a copy, is normally made by the end of this year. At the inaugural flight last December, many observers felt already this calendar too Ambitious for an aircraft as innovative.