French carmaker PSA Peugeot Citroen announced Wednesday a net loss of 1.161 billion euros in fiscal 2009, more than three times more than the 363 million euro loss a year ago. The turnover amounted to decline from 10.9% to 48.417 billion euros.
The year 2009 is characterized by an evolution "very mixed," the group said. In the second half, the recovery observed in the market, supported mainly by premiums scrapped in several countries, led by PSA Peugeot Citroën to increase market share – 5.1% – and find a net operating profit positive 137 million euros over the last six months of the year after losing in the first half.Finally, the past year, it is negative ground, 689 million euros.
Based on this trend, and to a further increase its market share in 2010, PSA Peugeot Citroen said it planned a current operating profit in the first half of 2010.
However, this year, "Market conditions continue to be difficult," said Chief Executive Philippe Varin, who expects the withdrawal of European car market of around 9%. In the radar screens, the Automotive Performance Plan "to support sales, reduce costs and better use of production capacity," the official said.The launch of new models is also subject to high expectations.
The manufacturer's financial results for 2009 reflect the impact of the economic crisis: global sales were folded by 2.2% to 3.188 million units in a market decline of 3.1%. However, the debt has been reduced from 913 million euros, now lying under 2 billion euros to 1.993 billion euros. Shareholders' equity amounted to 12.4 billion euros at December 31, 2009, for a debt ratio of 16%.
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After the acceleration, braking. Toyota Motor has already recalled 2.3 million vehicles suspected of being equipped with a faulty accelerator pedal. The group had calmed the controversy by presenting apologies. But Wednesday, she reflects, about this time of the braking system of the hybrid model, the Pruis.
Toyota says its dealers in Japan and North America have received complaints by the dozen, deploring the failure of the braking system of the new Prius on bumpy road or icy.
Within the group, these discontents are known since December, said a spokeswoman in Tokyo. Toyota provides to address the issue."The company will decide what action to take after realizing what has caused this problem."
The Japanese Ministry of Transport has himself received letters about the problem of braking payday loan . There are fourteen complaints, including one following an accident in July and thirteen others between December and January.
This third-generation Prius is the top seller in Japan and has enjoyed great success in many other global markets. However, customers are beginning to shun U.S. concessions after the case of defective accelerator pedals. In January, the market share of Toyota in the United States and has eroded from 18% in December to 14%.And these disappointed consumers are turning to domestic manufacturers: GM and Ford are the two main beneficiaries of this disaffection for Toyota.
"Toyota wants to get out as quickly as crisis accelerators
We do not know who or when. But Anne Lauvergeon, president of Areva, confirmed Monday the micro radio RMC that SWFs foreign capital should enter the public group. She adds that even some of these funds have been chosen: "This is a subject on which we are working actively. We have several investors who have been selected. No news on their nationality or the date of entering the capital. Anne Lauvergeon reiterated his plan to increase the capital of Areva to raise funds to the tune of 3 billion euros. This money should help fund the "12 billion" investment with "more than half in France," said Anne Lauvergeon. In exchange, the news is welcomed.The title Areva takes 1.83% to 356.75 euros.
Without giving details, the president of Areva said that the funds selected are discussing with the government: "Everyone wants to come in and they are talking with the state of both terms and price.
Opening the capital of the group up to 15% was a government decision of June 30, 2009. According to Le Figaro, investors should be concerned the Japanese Mitsubishi Heavy Industries (MHI), the sovereign fund of Qatar and his counterpart from Kuwait.
Number 1 of uranium production
In addition, Anne Lauvergeon took the opportunity to reaffirm that Areva has become the largest producer of uranium. She said there are 70 years of proven uranium reserves for the third generation of nuclear reactors and 5,000 years of uranium reserves for the fourth generation.
The fourth generation of reactors, including the industrial launch is planned for 2040, would provide significant savings in resources and produce less waste.
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In a letter sent Thursday to all his ministers on key principles that will frame the governance and investment destination in future, Prime Minister Francois Fillon made a clear message: not only a question of the future European domestic borrowing, which will be a draft supplementary budget presented to Cabinet on 20 January, is being spent through. In other words, 35 billion euros – of which 22 are lifted in 2010 on the markets – will not be used to finance current spending.
A team of Rene Ricol chocautour
For this reason, reminds them there in that letter that the implementation of the program will be piloted "by Rene Ricol, appointed commissioner-general for investment – an unpaid position that former ombudsman took credit along with the non-executive chairman of his firm of accountants.The role of Rene Ricol, said Francois Fillon, "exceed the only program of national priorities, to address the consistency of the investment policy of the state."
Why he is currently composing a great team. Jean-Luc Tavernier, a former chief of staff budget minister Eric Woerth, today the inspectorate, should lead it. Also stationed at Bercy, and Rapporteur of the text submitted by the Committee Rocard-Juppe on the big loan, Philippe Bouyoux could join him. The firm – which will include a dozen people – will also be composed of senior experts in each of the priority sectors.
The commissioner-general "will report periodically. And an oversight committee, chaired by Alain Juppé and Michel Rocard, will be established to monitor and assess, in time, the investment projects chosen.The prime minister insists on including the fact that 60% of funds to be invested will "match funding of non-expendable, that is to say," Constitutions of assets (capital grants, equity investments, loans ). The remaining 40% will take the form of grants, mostly in research expenditures.Operators (ANR, OSEO, Caisse des Depots, etc..) Will be responsible for managing the funds, which receive money quickly "so that departments are not tempted to get it," says one at Matignon .
The selection of projects, it should be done with the support of outside experts to assess "their relevance, cost effectiveness and their impact on growth potential."
"If all is well managed, it can have a real economic impact over several years, they conclude in the entourage of Francois Fillon.
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The decision should not intervene before the first quarter of 2010. A consortium of South Korean and U.S., led by the public company Korea Electric Power Corp., won a contract for $ 20.4 billion to build nuclear plants in the United Arab Emirates (UAE). The latter will thus become the first Gulf Arab country to generate electricity by nuclear energy.
The agreement was signed in the presence of President of UAE, Sheikh Khalifa Al Nahyan, and his South Korean counterpart, Lee Myung-bak, visited Abu Dhabi on Sunday, said the official news agency Wam.
The winning consortium includes, in addition to KEPCO, the South Korean companies including Samsung, Hyundai, Doosan Heavy Industries, but the U.S. group Westinghouse and Japan's Toshiba.It will include the support "of the design, construction and support the operation of four nuclear power plants" of 1,400 megawatts each, according to a statement from the UAE Agency of Nuclear Energy, Emirates Nuclear Energy Corporation ( ENEC), quoted Wam.
In competition with a French consortium
In Seoul, the South Korean Ministry of Economy said that the consortium led by KEPCO has signed a contract worth 40 billion dollars in total, adding that besides the $ 20 billion announced Sunday in Abu Dhabi, a second contract 20 billion dollars would follow for the operation of these four plants.
A UAE official said however that "a contract for the operation of four nuclear power plants has not been assigned yet", referring to the second tranche of 20 billion dollars.
The South Korean consortium, which consisted originally KEPCO, Samsung and Hyundai, was competing with a French consortium led by EDF, GDF, Areva and Total and US-Japan alliance consisting of General Electric and Hitachi. The French had originally been donated favorites. The tender was for the construction of two to six nuclear reactors of the third generation in the richest of the seven members of the federation of UAE. Contacted by Figaro.fr, Areva refused to comment at any time.
Construction should begin in 2012 and "the first reactor will be operational in 2017, had then said the Director General the ENEC, Mohamed Al-Hammadi.
The commodities market is particularly volatile in this weekend. The request by Dubai World, the principal holding company of the emirate, delaying the maturity of its debt worth 59 billion dollars fueling fears of a collapse of the emirate.
Oil prices fall on Friday in the opening exchanges in New York, the price dropping 4.81 dollars to 73.15 dollars, traders worried about the consequences of financial difficulties of the emirate of Dubai on economic recovery .
The announcement by Dubai has cast a pall over the entire finance, equity markets falling heavily Thursday (-3.36% on the European index EuroStoxx50) on all seats worldwide (-3.22 for the Nikkei Friday).Meanwhile, the dollar went back over 1% against the euro to 1.4867 as investors signaling a sudden aversion to risk.
The weaker dollar boosted oil prices and vice versa
It turns out that the dollar and oil, which is priced in U.S. currency, maintain an inverse correlation. A rising dollar is falling and oil prices and other commodities, which is currently the case.
The soaring price of black gold in recent weeks was also based on a general positive sentiment shared by investors in financial markets.Fears emerged with the financial problems of Dubai logically entail a sudden loss of attractiveness of oil.
"Crude oil is still grappling with fundamental bearish, despite the weekly statistics on stocks issued in the United States," said Darin Newsom, an analyst at DTN Telvent on Market Watch. Data released Wednesday showed an expected increase in oil inventories higher than expected.
The ounce of gold was also affected by the downturn in the commodities market, falling 3% to 1157.40 dollars to 10.30.
To great evils great remedies. Unemployed for eight months, Bernard Mauriange decided to make his own advertising to find a job. Since Thursday, the former director of operational marketing 53 years, appears in fact in 4 by 3 on a billboard on Route de Clisson, in Vertou, south of Nantes (Loire-Atlantique), describes "West France . On the panel, you can read the slogan: "Sales Manager Company seeks adventurous same profile, completed his giant portrait and telephone number. "There was a billboard on the highway free very transient. I have attached the owner. He liked my approach and gave me this site for a month, "explains Bernard Mauriange in the regional newspaper.
The diffusion of a trailer on Youtube
After redundancy, the fifties was supported by a firm of reclassification. "You're like a product to sell.It must arrive at the top of the gondola to attract buyers, "he says one consultant. A comfortable and full of composure, he then quickly found his tone audacity. He picks partners for printing brochures to send to companies and distributes itself platelets in the 1st class TGV. "The eyes of others is fun, you have everything, one who takes you for a fool, who cares completely, but also people highly available," says the fifties. Amateur 'buzz marketing', Bernard Mauriance peel ads for internet connection, creates his own website and blog. With his partner, Bernard Mauriange will hold the headliner in Vertou for a month. Next step in case of failure: the distribution of a trailer on Youtube.
The initiative of Bernard Mauriange for a job not unlike the advertising operation of the pole vaulter Romain Mesnil, last March.In search of a sponsor, he had initially made a video in which he would run naked through the streets of Paris and was sold on Ebay.
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The Conservatives have hit hard. Visiting at Thomson Reuters in Canary Wharf – the other lung financial London with the City – George Osborne, the rising star of the party presented its plan for the bonus. The finance minister's shadow cabinet, David Cameron, who did not 40 years, called the Treasury and the FSA, Constable of the British Stock Exchange, "to unite their forces to ensure that banks stop squandering their profits in huge bonus. " The highest paid bankers, including those with premium "six figures," Osborne says the BBC, should receive as 2 000 pounds maximum (less than 2 200 euros) in cash, the rest would be paid in shares.In the crosshairs, the British retail banks Lloyds, RBS, HSBC and Barclays, as well as their investment subsidiaries.
This proposal is intended to boost lending, while, according to George Osborne, the credit crunch is still raging in Britain "starved of credit and confidence". The initiative, temporary, could free him by 20 billion pounds for the trade or consumers.
The measure goes much further than those taken at G20 Pittsburgh last month, calling to pay only half the bonus tracks because, for the voice of Tory finances, "we can not expect a culture more responsible bonuses into place by itself. We must take urgent action. " The Conservatives took the example of the United States, where new policies of the Obama administration will lead to a reduction of 90% bonuses to employees the best paid."America works. Britain today does not, "Osborne Assen.
Labor has taxed George Osborne of hypocrisy. "The Conservatives have fought against all the plans that were put in place to support business and jobs," said Liam Byrne, secretary of the Treasury. "We have already introduced more stringent regulation in the world, says the Labor Party. We have not banned short bonuses in retail banking because it's impossible, but we are in talks with RBS and Lloyds about bonuses in 2009. The conservative discourse has also aroused the indignation of retail banks , who argue that "the culture of big bonuses is rather that of investment banks.
The United States as an example
The offensive conservative times, however timely.Last week, the CEBR Institute reported that in 2009 the bonus should be around 6 billion pounds in Britain, an increase of 50% compared to 2008. And on Monday, an IDS study found that if the bonus bosses 2008-2009, the largest UK listed companies have fallen by one third, increasing their salary has almost offset the decline. Two studies that provoke anger from the British while the macroeconomic data are poor, as evidenced by the contraction of GDP in the third quarter. At 8 months of a national election, the Tories have tried to show they had a plan of action to propose.
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"We are delighted with the results for the quarter and year. The Apple CFO Peter Oppenheimer, has reason to be satisfied. The group of computer and multimedia has announced a net profit up sharply on the year, from 18% to 5.704 billion dollars for the year, with an acceleration in year-end. In the fourth quarter, the increase has indeed reached 46.5%, which is well above expectations analystes.Le group's president, Steve Jobs, also expressed his satisfaction. For him, the results equally well ahead in the coming months, with "a very solid line for the holiday season and really great products in preparation for 2010.The group, however, known for his prudence, posting predictions and equally good for the current quarter, with sales and should be between 11.3 and 11.6 billion dollars, with earnings per share is expected between 1.70 and $ 1.78.
Mac sales support activity
In the past quarter, the turnover has exceeded all expectations, rising 25% yoy to 9.870 billion dollars, is also beyond the expectations of analysts. Mac sales, which reached the 3 million computers (+17% yoy), helped offset the slight decline in sales of iPods (10.2 million units, -8%) and weaker growth in sales of iPhones (7.4 million units, 7%).For the year sales, despite the crisis, grew 12.5% to 36.537 billion dollars.
Thus, current earnings per share was well above expectations at $ 1.82. Over the year it reached U.S. $ 6.29, against 5.88 expected. The Apple stock jumped 6.29% to 201.80 dollars in electronic trading after the close of business.
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