EDF Energies Nouvelles carried by the wind

28th July

EDF Energies Nouvelles has announced the results Wednesday that should let the markets perplexed. The EDF subsidiary, specializing in green energy, publishes indeed a group net profit down 7.7% to 38.6 million euros. Operating income rose 15.2% to 168.9 million euros, but remains well below the consensus was 186.58 million euros.

The group prefers to focus on sales amounting to 545 million euros, up 28.1%. A performance that the group owes its branch production, the most important, which recorded a sales growth of 30% to 219.4 million euros.

"Despite unfavorable wind conditions in the U.S. and very unfavorable to the United Kingdom, wind generation has benefited from full year impact of activations in 2009, notably in France and the United States, new facilities built in first half of 2010 in Europe and very good wind conditions in Portugal, "the company said payday advance. EDF EN has increased its wind power capacity of 156.1 megawatts (MW) gross in the first half and its capacity of 61.3 megawatts photovoltaic peak (MWp) gross.

For the future, EDF Energies Nouvelles has confirmed its forecast for EBITDA of between 430 and 450 million euros "and its goal of late 2012 installed capacity of 4200 MW net with 500 MWp of solar."

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When you are searching for car insurance it's important that you do your homework and shop around. I would suggest you get at least 3 quotes from 3 different companies so you can make your own decision.

Status: 100 billion lost in 10 years

5th July

In ten years the state has lost 100 billion euros in revenue. This figure results from the calculations of shock UMP Gilles Carrez, general rapporteur of the Budget, published by Les Echos. What set the scene while the deputies are to discuss Tuesday guidance of public finances, which will set priorities for the years 2011-2013. The challenge: reducing the government deficit of 7.5% in 2009 to 6% in 2011 and to 3% in 2013 to meet EU rules. And convince investors of the seriousness of France.

Since 2000, said Gilles Carrez, 70 billion euros of tax cuts have been granted by the governments of left and right. At the same time, 40 billion of revenue were donated to the Social Security and local authorities. The whole, "without these have been offset by lower expenses!" Gilles Carrez surprised in an interview with Les Echos.

The largesse of governments are particularly focused on tax cuts on income and on the proliferation of tax shelters. Then, down one point from VAT in 2000 has caused an erosion of 40% of revenues.

To redress the balance, the member calls for "an effort on tax revenues and social order of 15 billion euros is needed to demonstrate our commitment to reducing deficits and debt". The markets and rating agencies watch the France at the turn. If they judge announced that the effort is insufficient, the state will see its rating deteriorated and must borrow at higher interest rates.

Effort "just"

Still, the effort "must be fair," Eaton Gilles Carrez. Therefore, "the movement of the plane" tax "should apply to the broadest possible base."Income tax, corporation tax, solidarity tax on wealth, and even VAT should be reviewed.

For example, the 5.5% VAT on food is expected to increase to 12%, defends the member. A measure already excluded by Bercy. On the other hand, Gilles Carrez believes that the biofuel "is developed enough to no longer need to be subsidized.

In June, the U.S. has destroyed jobs

3rd July

The U.S. economy has begun to destroy jobs, after five months of net creation. In June, the number of job losses in the U.S. totaled 125,000 jobs including in the public, according to figures from the Labor Department. The figure was pulled down by the public sector, the end of the census causing the departure of 225,000 temporary workers hired for the occasion.

More importantly, the private sector alone has created 83,000 jobs. Is much better than the 33,000 net new jobs in the month of May However, analysts expected a figure close to 112,000. "We're going in the right direction but we do not go fast enough for many Americans. We are not moving fast enough for me either, "responded the president Barack Obama.

The increase in the number of private sector jobs due to "modest increases in various industries."The leisure industry in particular has created 28,000 jobs before the summer. Business services hired 21,000 people. Note, the industry continued to create jobs (9,000). The construction sector has meanwhile also destroys jobs (22 cash till payday.000), hit by a decline in new construction.

"Beyond these figures rather in line with expectations, the disappointment is the hours worked and wages," noted economists Exane-BNP Paribas. "Hours worked weekly find their level in April (34.1) and hourly wages shrink by 0.1% over the month." In bad omen for consumer spending.

On the other hand, the unemployment rate, calculated on a different basis, for its part fell 9.7% in May to 9.5% in JuneThe Labor Department said the decline by reducing the workforce and the growing number of discouraged workers who no longer work. "We still expect a gradual recovery in the labor market with unemployment rates remain high in 2010 before improving slightly in 2011," says Julian Thomas, an economist at Natixis.

"In general, the Labor Department report suggests weak growth, but not fallen into recession, say economists for their part of Societe Generale.

VAT recovery: Baroin backtracked

30th June

The one that Sunday was a "very very big niche tax" that deserved a helping hand plane finally spared. Baroin, Budget Minister returned to his whims and confirmed on Wednesday in an interview to Le Parisien / Today in France that the government would not reverse the reduced VAT rates for restaurants given a year ago.

"This measure is maintained" said the mayor of Troyes. "If it must be questioned, the debate will take place during the next presidential election," he added.

10 billion savings

It must be said that the budget minister no longer had much choice. Tuesday morning, his minister, Christine Lagarde, had hammered on RMC and BFM-TV that the reduction in tax loopholes would not affect the VAT at 5.5% of restaurant owners.Baroin will have to find other niches planing to recover 10 billion euros economy expected by 2013. The minister on Wednesday gave few tracks a bit fuzzy.

Besides the movement of the plane 10% on tax loopholes previously announced, it confirms the non-replacement of 100,000 civil service posts (3 billion savings), reduced operating costs (2000000000), the reduction of lifestyle State … Baroin explains that this is the second round of general revision of public policies.The first, launched in late 2007 as it would have to generate 7 billion euros.

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Danone Medical Nutrition acquires

12th June

The group Danone announced Friday the signing of an agreement for the acquisition of Medical Nutrition (NMI), an American company specializing in nutritional supplements for people under medical supervision.

The agreement provides that Danone will pay in cash approximately $ 62 million (51 million) to shareholders of MNI to acquire 100% of the group, Danone said in a statement.

The board of directors of American society has unanimously approved the merger, the CEO Frank A. Newman called "a tremendous opportunity for consumers, employees and shareholders of MNI.

Complementary products

The statement said the "strong complementarities" the two companies "in terms of product lines and distribution channels."Those would cater for the NMI especially the elderly, while those of Nutricia subsidiary of Danone, are primarily intended for infants.

NMI has recorded a turnover of 16 million dollars for the fiscal year ended January 31, 2010, multiplied by ten in seven years. Its activities will be integrated into medical nutrition division of Danone, which last year generated in North America 70 million dollars. Danone considers medical nutrition as "the most attractive category of food."

The French unanimous support Greece

29th April

If the political debate in Germany is keen on supporting Greece, no such thing in France. The Socialist Party will vote in the state next week's Budget Act that allows Paris to pay 3.9 billion euros in Athens in 2010. And this Wednesday, the hearing for two hours, the budget minister, Francois Baroin by the Finance Committee of the Assembly took place in a consensual atmosphere. "Everyone agreed it was necessary to go fast. We can not let go of Greece, especially since the effort required of his people is heavy, "recalls Jerome Cahuzac, Chairman of the PS Committee. Alarmed by the weakness of governance of the euro area and lamenting, for some, the absence of a European monetary fund, members hoped that the rescue is accelerating. "Many were disappointed that the summit of heads of state that takes place May 10," said Gilles Carrez, the general rapporteur UMP.What the minister said "it would be even more dangerous to yield to a form of precipitation.

Debate on the interest rate

The only objection was on the interest rate of 5% which Paris ready to Greece three years. The Socialists, Fran?ois Hollande and Henri Emmanuelli it was too high. But Jerome Cahuzac is more nuanced and noted that this rate is the result of a compromise between heads of state.

Still, the French government should actually earn money in the transaction, since borrows around 2.13% at five years. Baroin has been noted that the plan for Greece "is not an expense to the taxpayer! Is this why the consensus in France? "I believe above all that unlike Germany we have a culture of state intervention," said the UMP J?r?me Chartier."It is logical as German citizens, who have made sacrifices to repair their public finances, are more reluctant than the French, who were not virtuous," says the centrist Charles de Courson.

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Danone defends health strategy

22nd April

Although the group had to give up highlighting the claimed benefits for the health of its flagship products such as Activia and Actimel, Danone stood firm Thursday on the group's strategy of focusing on "health through diet.

"We believe that health is more important to the consumer and that Danone will play a role in this development," said Bernard Hours, Deputy CEO, on the occasion of the General Assembly of shareholders.

A meeting is scheduled for June 1 with the EFSA.According to Franck Riboud, Chairman and CEO of Danone, "everything is a question now of adjustment" with the European Constable know what he can say.

Meanwhile, "not to take risks, we preferred to remove the folders to find themselves confronted with a" no "because it failed to respond to what we were asked," Did he admitted.

For him, Actimel "is a battle, it's serious." "Children are less time away from school," he said.But the question is "how to translate that into something that can be dire.

On the sidelines of the meeting, the group confirmed it will pay a dividend of 1.20 euros per share, including dates of posting and payment are respectively the May 4 and May 7, 2010.

Danone has published April 15 last, a quarterly revenue rose 7% to nearly 4 billion euros.

At the close of the Paris Bourse, the stock has lost 0.67% to 44.77 euros in a market down 1.33%.

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The paralysis of the European sky could cost $ 200 million

17th April

A cloud of 200 million dollars (148 million euros). That bill, by far, the paralysis of traffic due to the cloud of volcanic ash, according to an estimate made Friday by the International Air Transport Association (IATA). This amount corresponds to "the financial impact (…) day in terms of lost revenue," said a spokesman for IATA said in a statement.

"In addition to lost revenue for airlines costs to change the routes of their machines and take on passengers and equipment stranded in various airports," he added. This is a "first conservative estimate".

According to many analysts, the closure of airports in North Europe was difficult to quantify an impact on the finances of airlines. Experts estimate that it will depend on claims from customers.More recently prefer to postpone their flight, the more it will limit the losses to the industry.

"While we have no visibility on the duration of these disturbances, it is difficult to say what is the cost for companies," Marina J. Devitt, the Irish Goodbody brokerage told AFP.

An invoice of $ 30 million for Air France

In the ladle, it is possible to obtain an estimate by dividing the annual turnover of a company by the number of days during which the aircraft remain grounded. Based on this rough, it is possible to establish that Air France-KLM is 30 million euros and 25 million for British Airways, advance a Paris-based analyst.

In Germany, total paralysis of traffic is expected to weigh on the entire industry to the tune of 50 million euros in total per day and "less than 10 million euros a day" for Lufthansa, said analyst Per-Ola Hellgren, bank LBBW, told AFP. An invoice less salty than the recent pilots' strike which had cost ratio of 48 million euros in total.

Finally, the "one-time impact on earnings of the Irish Ryanair should be low since most of the operational costs will be avoided, except for aircraft rental and labor costs," notes the brokerage Irish NCB.

Rush predictable

Companies should still limit the damage thanks to the predictable rush of customers at the end of the flight ban. The aircraft should then record load factors much higher than normal, making profitable at the same time much better flights.

Without waiting to preliminary figures, the titles of European airlines fell in stock this Friday. By mid-afternoon, Air France-KLM took down 2.21%, British Airways fell by 1.94%, 2.26% Lufthansa.

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SNCF: strike notice Tuesday, March 23

8th March

On Tuesday, March 23 will be placed under the sign of the claims to the station, while at least three unions (CGT, UNSA, CFDT) has initiated a notice of strike and trigger a series of social alarms, to ensure "continuity" the strike on February 3, according to Didier Le Reste, the CGT.

On 15 February, five confederations – CGT, CFDT, FSU, Solidaires, Unsa – announced they were organizing a day of strikes and demonstrations inter employment, purchasing power, public services and pensions.

At the strike of February 3, about one-third of the railway had stopped work to support employment.

A report that is poisoning the debate

All unions in the public company denounced the ongoing reorganizations involving reclassifications and job losses (including freight), a deterioration of working conditions and managerial methods based, according to them, solely on financial criteria.

There are about a month, a report of the Court of Auditors noted that for the SNCF, the reform of 35 hours penalized the company public to address the opening of its monopoly to competition and revealed particular gaps productivity with its competitors low fee payday advance .

According to the report published today, law enforcement has led to increased numbers of staff from 7000 to 7500.However, "the additional staff that the reform had resulted represents almost half the number of posts abolished during the seven subsequent years, totaling approximately 15,600 officers between 2002 and 2008.

Southern Rail reserved

Workers Power has decided to turn to hold its own demonstration in Paris, while leaving open its regional organizations to participate in joint rallies in the provinces, while the CFE-CGC was not involved in the day.

Sud-Rail, Third Force Association at the station who is campaigning for a renewable greece, reserved its response but said "part of the inter-day."To delegate Alain Cambi, "after a day of strike action is needed now."

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The CAC 40 is expected to start February in prudence

1st February

Following on Asian markets, the Paris Bourse is scheduled to open in February in prudence. The future is up 0.53% to 3738.50 points. After a week punctuated by a sharp increase from 1.37% to 3.739.46 points, investors should be preparing to take their profits.

Moreover, markets await the publication of a long series of U.S. indicators: income and expenditure of households for the month of January (1430), construction costs for the month of December (16 hours), the ISM index manufacturing activity in January (16 hours), and finally the budget 2011 (16 hours). And this, after the announcement Friday of GDP figures for the fourth quarter was up 5.7% personal business card

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