Morale is at half mast at TF1, which held its general meeting Thursday. The poor performance of hearing the first quarter will, according to financial analysts, the impact on advertising revenue. The consensus of analysts, they would be down 2% versus the first quarter of 2010, which had posted 355 million euros. It must be said that the first private channel has been unlucky in the first months of the year with JT sluggish and entertainment in free fall.
"In 2010, free channels have pulled their growth in a proactive policy volume. The screens are well filled in 2011, the price effect which is structuring. Yet the latter is related to hearings. And, in this case, they have not always been the rendezvous for TF1, "said Sergeant John the Baptist, the brokerage firm Gilbert Dupont.This was particularly the case in prime-time portion of which sank with the accident "Square VIIIP. The lower rates would have been understood for advertisers between 14 and 24% and it was not until the introduction of the game "Money Drop", Endemol, in a few weeks to recover.
The situation is quite different with regard M6 whose advertising revenues are up 7% to 162 million euros in the quarter. Good hearing chain Nicolas de Tavernost including the JT and "Scenes from" support price of advertising. "TF1 had some crashes while hearing M6 surfs its success," said Julien Roch, a financial analyst at Barclays. This virtuous growth is now linked to the rising cost of grid announced last September and is expected to be on the year, between 5 and 10%.A boost that seduces even more advertisers and audiences are waiting for you.
Disappointment in the markets
However, the side of diversification, the group experienced a fall impressive range of analysts estimated between 16 and 20% due to the collapse of sales of Bordeaux and a weaker performance on the market broadcasting rights for lack of a twilight or indoor video.
On Thursday, during TF1 fell 4.19%, to 12.35 euros, while that of M6 lost 2.22%, to 17.85 euros. However, analysts remain calm. At European level, falling valuations of media companies is around 20%.
These are two engines of global growth are meeting this week in China. The president of Brazil Dilma Rousseff meeting today with his Chinese counterpart Hu Jintao in Beijing.
Hours before the arrival of the Brazilian president, business partnerships already announced. Chinese airlines have ordered 35 aircraft and Embraer E190. This order is valued at 1.4 billion dollars, since each device costs $ 40 million at list prices. Of the total number of aircraft ordered, twenty are for China Southern Airlines and fifteen join Hebei, a small regional airline.
The contract was signed by Ministers of Industry of both countries during the visit of Dilma Rousseff. China has also expressed its intention to invest ten billion dollars in soybean production in Brazil.Beijing is the largest importer in the world.
Out a role of mere suppliers
In post for just over three months, Dilma Rousseff hopes to strengthen trade ties between the two emerging powers guaranteed payday loans. Brazilia seeks out a relationship of mere supplier of raw materials for Beijing, while "Made in China" products flooding the Brazilian market.According to the China Business News, the Brazilian head of state has already expressed its intention to propel Brazil to the rank of major trading partner of China.
During his five-day visit, Dilma Rousseff must also attend a summit BRICS (Brazil, Russia, India, China and South Africa) to be held in the south on the island of Hainan.
Moreover, the "BRIC", the four large countries 'emerging' economic boom: Brazil, Russia, India and China are expected to occur this weekend, April 14, to développerleurs trade.
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After an initial meeting weekly with no real trend, but a Dow Jones closed at its highest level in almost three years, U.S. equity markets should open very carefully on Tuesday, or even slightly down. At 12:30, the contras futures on the Nasdaq 100 and S & P 500 retreated 0.89%, respectively, and 0.44% at 2319.75 points and 1323.30 points.
They follow and pessimism seen on Asian markets, where apart from Shanghai and Hong Kong, closed on Tuesday, the Nikkei closed down more than 1%, hit by falling Tepco. Elsewhere in Asia, other financial markets were maintained. In Paris, pessimism was more marqué.Après having opened at equilibrium, the benchmark index in Paris fell back by 0.7% in mid-session.
After a Monday without major macroeconomic data, indicators on the health of the U.S. economy will still be scarce today.The ISM index of activity in services is expected in March to 16 hours. At 20H00, investors should also pay attention to the publication of the minutes of the Fed. What still leave room for a large international events and international events, primarily Libya and the political situation in countries of North Africa and Middle East
For weeks, these geopolitical events strongly impact the price of oil, which continues to run around $ 120 a barrel in London. "However, the U.S. indices show a high resistance to higher oil prices" moderates Christian Parisot at Aurel BGC. These have reached new highs in New York and London this morning, where the barrel has exceeded 120 dollars for the first time since August 2008.The Saudi oil minister, for his part felt that crude prices could reach 200 to $ 300 if the protest movements reached Saudi Arabia, the world's largest producer of oil.
Very low volumes, wait until the first quarterly
"The volumes are anemic, less than a third to a session average payday loan online…" said Christian Parisot. Yesterday on Wall Street, the volumes traded on the Dow Jones did not exceed $ 114.3 billion. In future sessions, attention should also be persistent. The publication of quarterly results Monday from aluminum giant Alcoa, traditionally the first American group to disclose its financial results, should give the animation of the exchanges.
Side currency, the euro lost it again a little ground Tuesday after hitting the day's highest level in five months, traders ensuring some benefit in a cautious market anticipates a rise Thursday in the rate of the Bank European Central Bank (ECB). Around 11:20 in Paris, the single currency was worth 1.4182 dollars against 1.4220 dollars on Monday in 23:00.
Finally, the corporate side, many values are to be monitored, including:
Google – the Internet giant said it could be the target of an extensive investigation by the U.S. Federal Trade Commission, regarding possible anticompetitive practices. An investigation that could jeopardize the acquisition by the group of ITA Software.
Texas Instruments – manufacturer of semiconductors has announced tonight the redemption of his fellow National Semiconductor for $ 6.5 billion.
Note that according to the Wall Street Journal, the exchange operator Nasdaq OMX-like lower than 20% to 12% weighting in the Nasdaq 100's electronics giant Apple. Other technology stocks would be affected by this new calculation, such as Oracle and Intel (downwards), while Microsoft, and Cisco Systems would increase their weighting.
Bank of America – The giant bank would be under increased surveillance of the U.S. market regulator (SEC), which asked him last week to provide more detailed data on its financial reserves to enable it to cover the cost of mortgages repaid name.
The Energy Minister, Eric Besson, who attended Friday at Matignon in a meeting on the theme of soaring energy was delivered this Sunday on Radio J, a change in the calculation of gas prices . Keeps the current formula, partly indexed to oil prices, should indeed lead to a further price increase on 1 July. An increase that could go wrong with consumers who are already undergoing an increase of 5.2% in early April, an inflation of 20% over one year and 60% since 2005.
"The government's objective is very clear: it is, in a context of rising energy prices at the international level to protect the purchasing power of the French," said Eric Besson, who considers "unacceptable" the continued the increase could reach 7.5% under the current formula.The new method of calculation should be offered "in the coming weeks" after the arbitral panel Matignon and the Elysee Palace.
Since early 2010, the energy group GDF Suez, owned 35% by the state, which offers fares. The Commission for Energy Regulation (CER) then verifies that the prices are consistent with the formula. But the government may "ask" GDF Suez does not apply the increase. The CRE has pronounced itself in recent days to a new formula for calculating rates to better reflect market prices (spot prices) at the expense of long-term price listed in the contract supply that GDF has signed with major suppliers. The spot prices now account for about 10% in the scale used.The regulator calls for increasing this proportion "as the market price continues to be lower than the average import price from the long-term contracts."
Curb rising fuel
Eric Besson else said the government was worried about soaring fuel prices. To curb the rates that affect the household budget, he plans to "make use" petroleum distributors.
He said he was "technically very difficult, if not impossible" to establish a "social tariff of gasoline, already ruled out last month by the Economy Minister Christine Lagarde. He believes, however, can mitigate the impact of soaring fuel prices, adding that discussions were under way but without giving further details on the nature of the contribution that would be applied to oil tankers.He also refused to talk to a tax on profits groups. "If we adopt a measure for the poorest households, it is necessary that, in one form or another, contribute to petroleum distributors," he said, referring only arbitration "in the days to come." Prices at the pump have been drawn up in recent weeks by revolts in Libya and the Middle East who have blazed the price of crude oil. In March, the super unleaded 95 had reached a high of 1.5179 euro parlitre.
(With AFP)
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For Hungary and the Czech Republic is not. Prague or Budapest or accept the pact to join the euro, introduced at the request of Germany and France to prevent non-members of the eurozone new debt crises, and adopted at the summit European 24 and 25 March in Brussels.
The pact aims to strengthen mechanisms for monitoring and rapid reaction within the eurozone, for situations similar to those of bankruptcy occurred during autumn 2008 in the most fragile economies of the EU (Hungary, Estonia ).
This ambition has met with resistance from some capitals, who see the pact as an infringement of the independence of their fiscal policies: the Czech Republic, Hungary, Great Britain and Sweden have chosen to remain outside this strategy."The meeting on Friday, March 25 in Brussels has focused on a radical new limitation of the sovereignty of member countries of the EU, on Monday lost his temper very eurosceptic Czech President Vaclav Klaus.
In the wake of the Head of State, the Czech Prime Minister Petr Necas, said he regretted that countries outside the euro zone were not consulted prior to the measures constituting the pact. He has not ruled out that the Czech Republic to join later.
Tax competition
Before Klaus, Prime Minister of Hungary, Viktor Orban, whose country holds the EU presidency until June 30, had already expressed its categorical refusal to accept the pact cash advance flexible payments. "Right now, the Hungarian government decided not to join the pact for the euro, he said March 22.After consultation with the parties in Parliament, I can say that the desire to maintain the independence of our tax policy is unanimous. "The aim of the pact does not encourage tax competition. But a country economically weaker can hardly do without such a measure, "says Minister for Foreign Affairs Janos Martonyi.
However, the pact partially limits the discretion of governments, promoting a "convergence" of fiscal policies, particularly for the corporation tax, a strict limitation of government debt and wage moderation.
The rising discontent in Central and Eastern Europe. After Slovenia and Slovakia, some neighbors are still hoping to join the euro in 2013 or 2014, but a fundamental change is taking place in public opinion increasingly hostile to single currency.In a recent survey, 78% of Czechs said they were against. Hungary, she no longer hopes to join the euro before 2020.
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Back to 4000 points, it was not yesterday. Will it be for this Tuesday? The CAC 40, which resists rather well to the various crises in the Middle East and Japan, nonetheless cautious approaches slowly but surely the figure of 4,000 points. Shortly after opening, the Paris index was down 0.35% to 3963.13 points. "Too many uncertainties remain heavily to buy stocks," says Franklin Pichard, director of Barclays stock. I can not believe that the Cac 40 lasts longer. The correction is inevitable. "
The London Stock Exchange opened higher on Tuesday, the FTSE-100 index gaining 0.26% to 5920.06 points.For its part, the DAX 30 Frankfurt Stock Exchange rose 0.20% to 6952.51 points.
On the macroeconomic front:
– Expenditure on household consumption of manufactured goods rose 0.9% in February after falling 0.3% in January, mainly due to a rebound in auto purchases
– The number of starts of new homes jumped 54.1% yoy for the period from December to February, while the number of building permits for these homes increased by 25.5%
Overseas, the housing price (S & P / Case-Shiller) in January (15 hours) and consumer confidence for the month of March (16 hours).
On the podium of the largest increases include Renault (1.17% to 37.92 euros), Peugeot (0.98% to 27.80 euros) and Credit Agricole (+0.82% at 12.27 euros )
Conversely, STMicroelectronics loose 1.83% to 8.60 euros, Alcatel-Lucent lost 1.10% to 4.04 euros and Natixis was down 0.72% to 4.12 euros.
Renault: 1 no credit check payday loans.16% to 37.92 euros
A sound document released Monday by The Express reveals that Renault knew in February that the espionage case that hit was a fake scandal.
Peugeot: 0.96% to 27.80 euros
PSA Peugeot Citroen has announced a gradual return to normal of his proudction in Europe from 31 March.
Dexia: -0.35% to 2.87 euros
The rating agency has doubts about the financial health of three subsidiaries of which Dexia Dexia Credit Local.Moody's intends to degrade their notes.
Areva: -1.88% to EUR 30.50
The Supervisory Board of Areva, which was held on Monday confirmed Lauvergeon to head the nuclear expert, according to BFM Business.But the state has requested the appointment of a number two.
EDF: -0.12% to 28.66 euros
The list of new members of the board of directors of Edison, controlled by EDF and the Italian A2a could be known this week, said on Monday a source familiar with the matter.
Lagardère: +0.17% to 30.07 euros
Lagardere announced Monday the signing of the sale of its international magazine from the American Hearst, 651 million euros.
Technip: 0.14% to 73.66 euros
Technip wins contract to install subsea pipelines for the development of a field off Abu Dhabi, according to a statement released Tuesday.
Medica: 1.47% to 14.50 euros
Medica was published on Tuesday a profit of 23.2 million euros in 2010, after a loss of 13.4 million euros in 2009, and announced an increase in its activity by 15% in 2011.
The symbol becomes a claw. Nelson Mandela Foundation, which obviously would not work without the anointing of the former South African president, will launch in August, a clothing line, 46664 Apparel Line. The name of the collection is inspired by the number of prisoners (466) worn by Nelson Mandela in 1964 at the prison on Robben Island, located off Cape Town, South Africa. The hero of the struggle against apartheid has spent 27 years in prison before becoming the first president in 1994.
"46664" will appear soon be on a range of clothing for men and women in bright colors rather comfortable but which will be marketed this summer in South Africa before setting off to conquer Great Britain and the United States, probably the next year. The idea of using this symbol is not recent.It was first used in London, during a concert to raise funds for the fight against AIDS.
By engaging in fashion, Nelson Mandela is a double hit: first, it raises money for his charitable works and secondly it contributes to the economic revival of the textile industry of South African problems. Already singer Bono of "U2" has taken this path by creating its range, called "Edun", intended also to provide work for African workshops fast payday loan no faxing.
Agreement with the largest garment manufacturer in South Africa
Mandela has been even greater since the agreement was negotiated with the group Seardel, the largest garment manufacturer in the country which the designers have designed the first collections.But many South Africans, however, will not afford to buy clothes "46664": about $ 26 for a t-shirt, $ 86 for a polo. For the record, Reuters said that the minimum wage of a farm worker is less than 200 dollars and a quarter of the workforce has no job …
No portrait of Mandela on clothing
Besides direct sales, the clothes will also be available via the Internet. The money raised will fund development projects in Ghana, Tanzania and Mozambique. The Nelson Mandela Foundation will receive his tithes, between 7% and 9% of turnover and a premium of about $ 143,000. No portrait of Mandela appear on clothing. His lawyers remain particularly vigilant on this point, and threaten to take him to court those who would use the famous number "46664" without informing the foundation.
It is not on any official agenda, but a meeting to organize the French nuclear industry will go ahead on Monday at the Elysee. The Minister of Industry, Eric Besson, has indeed confirmed this morning on France 2 reports in the press, announcing today that Nicolas Sarkozy would chair the Council of nuclear policy, which he founded in 2008. "The only thing I can tell you is (this meeting) concerns the organization of the French nuclear industry, what has been called France's nuclear team," said Eric Besson on France 2.
According to La Tribune, a preparatory meeting was already held last Friday, bringing together around one table Lauvergeon, CEO of Areva, Henri Proglio, head of EDF, Gerard Mestrallet, head of GDF Suez Patrick Kron, CEO of Alstom, and Eric Besson Dipuo Elizabeth Peters, Minister of Energy of South Africa.The President of South Africa, Jacob Zuma will indeed soon be visiting Paris to talk about nuclear. The challenge for France is to develop a coherent strategy to deal foreign clients especially not to not repeat the failure of Abu Dhabi in December 2009 when the French had lost a huge contract for nuclear centarles, at least 20 billion deal to Koreans.
The TTY in focus
On Monday, participants should discuss in particular the strategic partnership between EDF and Areva. The decision to bring the two French energy giants was taken at the last council of nuclear policy in late July 2010.According to unidentified sources quoted by La Tribune, the two companies involved do not share the same vision of the progress of the project: Areva, it says that "the agreement is ready in its broad lines" then for EDF, "there are still points of disagreement."
According to Les Echos, the discussion should revolve around one central question: "whether the combination of EDF reactor project at medium power, TDD, developed by Areva and its partner Mitsubishi Heavy Industries. Capacity reaches 1100 megawatts Atmea, against 1600 for the EPR.EDF could decide to take part in the cooperation on the TDD, or work on its own medium-power reactor with its Chinese partner CGNPC, or both at once.
Both companies should also discuss their mining strategy, including a possible investment from EDF in the mining division of Areva, whose valuation problem. As for GDF Suez, which wants to grow in importance in the French nuclear industry, the group should also focus on getting its game in the middle of negotiations.
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Between fiction and reality, sometimes there is only one step. With 10 million euros in his pocket, the winner of the Norman lotto jackpot last September showed that by making as in the French pub games: he bought the box and kept his old boss.
This winner, who wishes to remain anonymous, did however not to taunt his former employer, but to "avoid as 13 or 14 guys do become unemployed," says he to Parisience Monday. Indeed, the transport company where he worked as a truck driver was in receivership when it wrapping up the loot. Seeing his SMEs about to close its doors, he did not hesitate to spend hundreds of thousands of dollars of his new fortune. "I was the only potential buyer, says he. In addition, transportation is all my life.We do not stop like that overnight. "
"If I see that I lose too much money, I Quit"
Today 100% shareholder, the anonymous millionaire became CEO. His former boss, left the company, keeps him, some responsibilities. This old son of a laborer, truck driver for nearly 30 years, says not to play with his tyrannical boss and former colleges do not hesitate to take the wheel in the absence of one of its employees. The head change in direction would also not change their relationship. His former colleagues on "respect" because "they know I like them as a driver. Tour, I made them. " The fifties, however, warns he will not play in the super-savior forever: "If I see that I lose too much money, I stop."
The nouveau riche, which ensures not yet have taken a vacation, prefers to grow his millions in "the stone and secure investments." Meanwhile, her story will remain etched in the annals of French games that ensures they never saw a former employee, winner of a jackpot, buy his old company. Let alone keep his boss.
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The result is final. According to a poll by Ifop for the Sunday newspaper Ouest France, eight in ten French (80%) believe that in recent months, the quality of services offered by the SNCF was "somewhat worse". Only 15% of respondents believe the contrary, that it was "somewhat improved". Three percent of respondents believe the situation has "not changed" in this area and 2% were undecided.
More telling, three out of four respondents (76%) say the times were "less respected" in recent months. They are only 18% say that they are "more respected". Three percent noted no change and 3% were undecided.
Malaise
The survey, conducted on 20 and January 21 with a sample of 968 people, seems to confirm the ras-le-bol general users of the station cash advance america.After the subscribers of the TGV, which just received a compensation package, it's time for users of regional express trains (TER) to show their displeasure by engaging in a strike submission of tickets from Monday.
Eager to appease the discontent of its customers, the station provides a plan for improving its twelve lines called "sick". Efforts should focus on the Paris lines, RER A and D in mind.
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