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The United States, the first market for L'Oreal

The future of L'Oréal does not rely only on the lips of Chinese, Indian hair and skin of the Brazilian. To continue to grow, the world leader in cosmetics is also focusing on the United States, its largest market, where it generates 20% of its global sales.

It has set a goal of doubling within ten to fifteen years, the number of consumers worldwide, reaching 2 billion. "The United States will be the third largest contributor of new customers, behind China and India, but ahead of Brazil and Pakistan, provides Rozé Frederick, head of L'Oréal States. This will be the only mature market among the top ten contributors. "

L'Oréal already has 160 million consumers in the United States and would like to win 70 million more, to achieve 1.6 billion euros in annual sales by an additional ten to fifteen years."These additional sales will be higher than those from China," according to Frederic Rozé. Loréalienne this ambition "is not an official target, said cautiously Jean-Paul Agon, CEO of the group. Rather, it is a dream. But dreams are important in business. " L'Oréal United States, the 10,500 employees are mobilized to turn this "dream" into reality. And benefit from the successful relaunch of the subsidiary. After two years of decline, its sales went back up 6.1% last year, reaching 4.779 billion dollars, a record.

The scope for growth remains high online pay day loans. While the market share of L'Oréal approach 20% in Europe, it is only 13.1% in the U.S., where the group is preceded by Procter & Gamble (Pantene, Olay, SK II, Cover Girl , Gucci …).Its leaders would like to double it.

Men and seduced the Hispanic community

L'Oreal teams have identified specific categories of population potential, age, gender and income. If 78% of women are consumers of L'Oréal in the United States, one in two Americans do not consume products home.

The group will particularly try to win men and women of the Hispanic community. It also relies on a sales growth in product categories where it is still low. Its market share is 53% of color and 35% on makeup, but only 11% in shampoos and 17% in skin care. To continue to grow overseas, L'Oreal has its U.S. brands (Maybelline, Redken, Ralph Lauren, Kiehl's …), which represent 20% of its worldwide turnover … but 35% in the United States.

The group could also carry out acquisitions. Last year, he bought Essie, a small brand of nail polish, so far mainly distributed in shops manicure. "Since we sell in supermarkets, U.S. sales have tripled, provides Damien Bertrand, head of global brand. Our market share reached 10% after a few months. "Essie will land soon in France at Monoprix.

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Spain, Italy and Belgium in the viewfinder of rating agencies

Fitch Ratings lowered the rating two notches from Spain, which now stands at "AA-". Spain held so far a "AA +", the fourth highest on a scale of twenty. More worryingly, the note is accompanied by a 'Negative' outlook, which means that the agency could lower it back to medium term.

Spanish growth at half mast

Moody's in turn should decide by the end of October on a possible downgrade Spanish now "Aa2" (the third best possible)."With significant funding needs" of the Spanish State, to cover its budget expenditures and net external debt is "one of the highest in the world" (91% of GDP), said Fitch, "the more volatile strong a negative effect on financing conditions in the market of Spain. "

But there are also internal factors in the country "risks to fiscal consolidation as a result of performance parts." The same agency Fitch has lowered Wednesday including the long-term rating of the Basque Country, one of the richest region in which it criticizes the "weak fiscal performance." Growth forecasts have been revised downwards. Wednesday, the Bank of Spain announced that the country's growth expected to slow in the third quarter, to reach an economic activity 'lackluster'.The Spanish government has also recognized that the economic growth targets it had set for 2011 and subsequent years would be "hard to reach" because of the risk of recession in the world.

Italian governance into question

Fitch also lowered the rating one notch to Italy, "A +" against "AA-" and does not see her again in the fall if the country would miss its targets for reducing the budget deficit. Fitch was the last of three major international rating agencies have not downgraded from Italy since the beginning of the debt crisis in the eurozone no fax cash advances. She explained that the high level of public debt and budgetary financing needs, combined with the low level of potential growth (the country), made in Italy especially vulnerable.The Agency is challenging the country's governance and stressed that the differences in the Parliament and the escapades of the prime minister Silvio Berlusconi, help to weaken the ruling coalition.

Belgium heckled by Dexia

Belgium is also in sight. The agenceMoody's said it was considering lowering its rating, currently at "Aa1", the second best possible. The agency cited three reasons: the crisis in the euro area, concerns for economic growth and the possibility of additional support to the banking system, particularly in establishing Franco-Belgian Dexia.

Another European country in turmoil, Portugal, has been confirmed its rating of "BBB-" (the last before falling into the category of "speculative") by Fitch, which continued on negative watch at least until the end of the year.Standard & Poor's, confirmed Tuesday the rating "BBB-" from Portugal, while maintaining it as a negative outlook. Portugal, the third country in the eurozone after Greece and Ireland to receive international financial assistance, is facing new economic challenges that undermine his efforts to clean up its public accounts. Progress in implementing the program of the European Union and the International Monetary Fund (IMF), and its budget for 2012 will be crucial.

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Crisis: Bernanke and Trichet worried

The CAC 40 lost nearly 3%, Wall Street sells more than 1%. The atmosphere is clearly not fixed in the beautiful capital markets on Tuesday. The bosses of U.S. and European central banks did nothing to calm them.

Two days before his last conference as president of the ECB, Jean-Claude Trichet is pessimistic for the euro area. "We believe that the euro area will be very moderate in the second half," said one who will be replaced by Mario Draghi on November 1. As for inflation, he said that the rate should remain "above 2% in the coming months. Next year, it should fall below. " These are all signs that suggest that interest rates should remain unchanged Thursday.

As for the United States, the head of the central bank, Ben Bernanke is more optimistic."Recent indicators, including those of new jobless claims show that it is likely that the sluggish growth in employment continues in the coming period," he warned. Before the Joint Economic Committee of Congress, the Fed chairman has urged politicians to "avoid taking fiscal measures may impede the ongoing economic recovery."

"We can not just replace the government"

Sluggish growth, employment at half-mast, high unemployment, the United States and Europe are the worst of an economic plan. And while a slowdown is being felt in China. Most economists expect further aid from the central banks against the inaction of governments, but Ben Bernanke and Jean-Claude Trichet reminded of a common voice that States to revive the global economy."The measures to promote healthy growth of the economy and employment are the shared responsibility of all politicians, in close cooperation with the private sector," he argued. And the President of the ECB concluded: "It is their responsibility to deal with the worst crisis in the postwar period. We can not substitute for governments under any circumstances. "

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Optimism in the Paris Bourse

Monday's rebound continues Tuesday in the Paris Bourse. The CAC 40 has started on a flying then accelerated pace. Mid-session, he climbed 3.55% to 2960 points. Elsewhere in Europe, the Frankfurt Stock Exchange is 3.36%, London and Milan 2.22% 2.79% while the pan-European Euro Stoxx 50 index 3.09% wins.

Since the beginning of the week, investors won over by a wave of optimism about the outcome of the debt crisis in the eurozone. The spokesperson of European Commissioner for Economic Affairs Olli Rehn Olli Rehn, Europe is considering strengthening the capacity of the European support fund for countries in trouble (EFSF). Rumors press also reported a proposed quadrupling of the Fund's lending capacity to 2000 billion euros. In turn, an official of the ECB, the Austrian Ewald Nowotny, did not rule out declines in interest rates in the euro area.But soon, the German Finance Minister Wolfgang Schäuble said that Europeans had "no intention of bailing out" the EFSF.

The Spanish Minister of Economy Elena Salgado also said Tuesday that an increase of two thousand billion euros in the capacity of the European Support Fund "was not on the table." Political leaders are clearly divided on the concrete responses to the debt crisis, while discussions on the payment of a new international loan to Greece, vital to enable it to avoid bankruptcy dragged on. At the same time discontent rises and Athens was again paralyzed Tuesday by a wave of strikes in public transport.

More good news, the constraint on bank lending is beginning to loosen.The private sector credit grew by 2.6% year on year in August in the euro zone, against 2.4% in July. Loans to households grew by 3% in August, while consumer loans to individuals have declined only 1.6% against 2% last month according to figures released Tuesday by the European Central Bank (ECB) . Moreover, housing starts for new homes in France, climbing 8.1% year on year for the period from June to August. However, they mark a slowdown from earlier this year: the pace of growth in the first quarter was still 35.5%. The number of building permits for new homes has increased its share by 9.8% year on year for the same period.

The euro was weakening on Tuesday to below $ 1.35. At midday, the euro stood at 1.3496 dollars, against 1.3523 dollars late Monday.He had fallen in session Monday to 1 paydayloans.3363 dollars, its lowest level since mid-January, prior to recover. As for commodities, gold has recovered slightly this morning at 1640 dollars an ounce after declining over the last three sessions.

Values ​​follow:

The banking sector is driven by rumors of recapitalization.BNP Paribas advance of 9.25%, largest increase in the CAC 40 7.46% Credit Agricole and Societe Generale 8.55%.

Total (2.97% to 32.25 euros) reduced the number of banks in which it deposits funds for fear of a credit crunch in the euro zone, but remains confident in the French settlements, said its chief financial officer the agency Dow Jones and The Wall Street Journal.

The CEO of Renault (4.20% to 25.30 euros), Carlos Ghosn, said on Monday to Reuters that he saw no sign of slowdown in global demand despite the debt crisis in Europe and economic uncertainties in the United States.He expects an increase in car sales in the United States in 2012.

The title of the French automotive supplier Aries (18.64% to 7 euros), specialized in the production of aluminum parts, flew Tuesday in the Paris Bourse, with a net income higher than expected in the first half (6.7 million euros, up 31.3%).

Thales (2.08% to 24.58 euros) for its part plans to sell part of its services activities, according to Les Echos on Tuesday. The division, which last year made 81 million euros in sales, employs approximately 500 people. Logica names and GFI Informatique circulating among potential buyers.

Dexia (6.09% to 1.48 euros) is facing a complaint from the town of Rosny-sur-Seine (Yvelines), which has borrowed toxic.The mayor filed a complaint for "organized fraud" and "deception" with a civil court of first instance of Versailles against Dexia Credit Local.

Ipsen (3.56% 22.57 euros) was acquired from the Norwegian pharmaceutical company Photocure marketing rights of Hexvix, its flagship product for the diagnosis of bladder cancer.

The retailer Casino (2.29% to 57.13 euros) saw its price target reduced from 81 to 74 euros by HSBC. Land areas (4.54% to 50.73 euros) for his part saw the recommendation on its title upgraded to "buy" against "hold" earlier by ING.

Neopost (4.05% to 57.23 euros) will release its results for the first half after market.

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"Week crucial for Greece

Markets relapse, the CAC 40 lost 3% to 2940 points

The Greek crisis can not stop producing its adverse effects on the markets. Monday, the Paris Bourse had another session black. The CAC 40 has raised the red flag at the opening. He then widened its losses for most of the session. At the finish, he loses 3% to 2940 points.

Even gloomy atmosphere on other European financial centers. In Frankfurt, the Dax lost 2.83% and the FTSE in London has sold 2.03%. The ill wind has also blown on Wall Street. Sitting in the Dow Jones fell by 1.93% and the Nasdaq 2.06%.

Last week, European markets had experienced a brief respite, hoping significant progress on the issue of Greek debt. But the meeting of European finance ministers on Friday and Saturday in Poland ended in failure.They have postponed any decision on the October installment of a new tranche of 8 billion euros to Greece, which desperately needs the money.

Banks on the front line

The markets welcomed the news calmly. "Despite the need for action, European leaders continue to show slow and have not yet ratified the measures promised July 21," observe the experts Saxo Bank guaranteed high risk personal loans. But for the strategists of Aurel BGC, the markets will continue to brood, "as investors will not feel that a lasting solution was found for Greece."

Trying once again to reassure the French Minister of Economy Baroin said that the issue of a default of Greece, feared by some observers was "not a working hypothesis" in the zone euro.Investor caution was also reinforced by the expectation of two important deadlines in the afternoon. A teleconference between the Greek Finance Minister Evangelos Venizelos and the Troika, "between the European Commission, the ECB and the IMF. In the U.S., investors sifting through the intervention of President Barack Obama, who introduced new measures to reduce the deficit amounting to 3 trillion dollars. Bank stocks were again at the forefront. BNP Paribas lost 5.48% and 6.70% Societe Generale.

Gold flies to 1900 dollars per ounce

As a new wave of panic in the markets, gold continues its flight. The precious metal reached Friday morning a new record in Asia, to 1,837.50 dollars per ounce. Yesterday, it reached 1826.10 dollars in session after crossing the threshold to higher novelty of 1815 dollars.

Investors, who had turned away the metal shelter last week, returned to him massively in favor of strengthening fears of a slowdown in the global economy. The markets, already worried by the growth in the euro area in the second trilmestre were put ashore by a round of disappointing economic indicators published in the U.S. yesterday.The jobless claims rose last week, inflation accelerated, home resales have relapsed in July, the index measuring manufacturing activity in the Philadelphia area for the month of August was collapsed.

Analysts at Morgan Stanley have heightened these concerns by scaling back its global growth forecast for 2011 and considering that the United States and the euro area "were dangerously close to recession."

This context reinforces the gold safe haven par excellence.In its wake, the yen and Swiss franc, other safe havens, also climbed while U.S. bond yields fell to 10 years to their lowest level ever, acclaimed by investors panicked.

"Gold has not finished with its strong ascent"

"There is a market perception that the economic environment becomes dangerous, and a growing sense that politicians fail to meet the challenges of the crisis, the United States and Europe," observed Ross Norman, analyst at broker specializing Sharps Pixley."Gold is not only a safe haven asset in crisis but is also a clear barometer of market confidence, and leap today lets see the prospect of a possible second economic crisis after the 2008 potentially more damaging, "he added.

If the pessimism persists, metal king could therefore quickly reach 1900 dollars per ounce. "Gold has not finished with its strong rise," warns Simon Denham, Head of Capital Spreads.

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New Storm on the Paris Stock Exchange

New slump in the Paris Bourse. At the close on Wednesday, the CAC 40 index showed a loss of 5.45% to 3002.99 points and manages to maintain a narrow margin the psychological threshold of 3000 points. In a volume of trade of 6 billion euros, the volatility was again very strong.

Like him, other European indices loosen: the FTSE-100 index in London lost 3.05% to 5007.16 points at closing. The Dax in Frankfurt tumbles 5.13% to 5613.42 points after falling 6% during the session. The index featured the Milan Stock Exchange, the FTSE Eb, closed Wednesday on a drop of 6.65% at 14,676 points, its lowest level since April 2009. The Madrid Stock Exchange closed on a fall of 5.49%.

The banking sector collapses

All markets are penalized by the banking sector, while Greece is planning to expand its exchange program to include obligations of the securities in the longer term, which penalizes first private creditors. In Paris, Societe Generale gives 14.47 (after a 20.83% drop in session) to 22.18 euros, Crédit Agricole 11.81% to 6.07 euros, BNP Paribas 9.47% to 35.61 euros and Natixis 9.11% to 2.68 euros.

Banks have suffered rumors of degradation of the note of France, while Moody's, Fitch and Standard & Poors reiterated that the AAA rating of the Hexagon was accompanied by a stable outlook online cash advance. Even Bercy denies "formally" the rumors of degradation.But the surprise meeting convened by Nicolas Sarkozy interrupted his holiday to deal with several ministers the theme of economic and financial crisis has rekindled investor concerns.

Also in Europe, the divisions between countries are delaying the implementation of the rescue plan agreed in June In addition, fears of renewed extension of the debt crisis in Italy explains the new fall. The market is concerned about the ability of Italian banks to refinance.

Industrial production declined in France

As on Wall Street, markets been unable to continue the strong rebound in the day that followed the speech by U.S. Federal Reserve.The latter, however, assured that it would extend its monetary policy ultra-accommodating while maintaining zero interest rates until at least mid-2013 and exploring other measures to support the U.S. economy, which will probably end detailed August, at the final communiqué of the U.S. central bank. But the Fed confirmed that the U.S. economy is in trouble, especially since the deterioration in the debt rating of American long-term.

For the economist Nicolas Bouzou, the previous day had already not reassuring:

The player is used by default in the articles of figaro.fr. Maj7

Wall Street down before the Senate vote

Wall Street starts again in the red on Tuesday. In early trade, the Dow Jones lost 0.57% at 12,063 points, the Nasdaq 0.51% to loose 2731 points and the S & P drops 0.69% to 1279 points.

The opening is dominated by pessimism as consumer spending of U.S. households fell against all odds by 0.2% in June, posting their first decline since September 2009. Economists surveyed on average expected a rise in expenditure of 0.2%.

The expected green light from Senate Tuesday evening

Concerning the agreement on raising the debt ceiling, the doubts persist. "Some have pointed to the fact that the rating agency S & P claimed four trillion dollars in deficit reduction over 10 years against only 2.5 trillion currently being negotiated by members, analysts said Aurel BGC.Maintaining the "AAA" is far from being elected … Many skeptics have left open the possibility of adoption of this agreement by the Congress. "An expected adoption tonight. The Senate must decide, in fact, after the House of Representatives that preceded it from that Monday night.

"I think the show we attended in Washington, a significant number of parliamentarians of this country leaving the threat of a default, really made a lot of damage to the confidence" of investors in the economy American, for his part, said U.S. Treasury Secretary, Timothy Geithnern, on ABC.

Oil side, the opening of the Nymex, oil prices melt, due to poor statistqies the day, who fear a future decline in demand.To 15 hours, a barrel of "light sweet crude" for September delivery was trading at 94.36 dollars, down 53 cents.

Results of companies to follow the corporate side, several major publications are planned this week, starting on Tuesday by Pfizer (-1.05% to 18.81 dollars). The group released better than expected earnings for the second quarter, the jump in sales of animal health products offsetting lower sales of drugs, the heart of the business group.

Google (stable at 606.71 dollars) this weekend began testing a new service, "Google Hotel Finder", dedicated to finding hotels. Positioned competitor specialized sites like Hotels.com "Hotel Finder Google" is used to search the dates of their choice, depending on the number of stars of the institution and the average scores given by customers.

Hewlett-Packard (-0.48% to 35.03 dollars) has decided to drop now $ 50 U.S. price of its new tablet, the TouchPad. This rate adjustment, presented as a promotion valid until September 10, is valid until September 10.He places the version of the tablet features a 16GB storage to 449.99 dollars, and the 32 GB to 549 dollars, just one month after the beginning of the commercialization of TouchPad.

Coach (-4.72% to 62.31 dollars), a leading U.S. brands of accessories, recorded a jump of 24% of its annual net profit in 2010-2011 (year ended July 2) at 881 million dollars, and expected to grow over 10% in the future, according to a statement released Tuesday.

Hyatt Hotels (1.96% to 39.52 euros) announced earnings for the second quarter better than expected, while saying he intended to open a number of "significant" new hotels in the future.

GM (-0.79% to 27.87 dollars) reported Tuesday a 7.6% increase in sales of vehicles in the U.S. in July, thanks to strong sales of Chevrolet, the one of the leading brands of the manufacturer, and the good performance of new models.

Raids by giants of video games on small publishers are ongoing. After the announcement of a Memorandum of surrender by PopCap Games Electronic Arts (0.32% to 22.02 dollars) and the acquisition by Zynga a mobile games publisher in Canada, is the Japanese Sony which went on the offensive by offering Sucker Punch. The American development studio publishes games for consoles, the PlayStation family, including "Sly Cooper" (PS) and "inFamous' (PS3).The amount of the transaction were not disclosed.

Amerigroup (7.47% to 51.65 dollars) is expected to jump at the opening, title, earning more than 5% in electronic trading before the opening of Wall Street. The group of health care services announced yesterday it has won a contract to develop its business in Texas.

Wall Street offers a respite

Wall Street fell sharply Wednesday recovering almost its closing levels of the end of June, clings to the balance at the opening on Thursday. The Dow Jones gleans indeed 0.03% to 12,307 points, while the Standard & Poor's 500 and Nasdaq 100 are respectively 0.06% to 1306 points and 2767 points to 0.07%.

The bad news accumulated including the announcement of a slowing U.S. economy by the Fed on Wednesday night. In its Beige Book, the Fed noted that "economic activity continued to grow, but the pace has diminished." The two black dots for the United States continues to use, with "moderate increases in employment" and a labor market "remained calm," and real estate, where "activity remains weak," according Fed.

The weak economic recovery is not the only concern.The other fear comes from the U.S. sovereign debt and the apparent lack of progress in Congress six days before the deadline after which the U.S. may default in payment. The White House has acknowledged Wednesday night thinking about how to run the U.S. federal government if Congress does not get along by 2 August on raising the debt ceiling, exposing the country to default.

The euro against the dollar stable

Macroeconomic side, new jobless claims in the U.S. fell after mid-July to their lowest since early April, according to figures released Thursday by the Labor Department. At 398,000 in seasonally adjusted data for the week of July 17 to 23, the first time in three and a half months that the estimate of unemployment claims dropped below the 400,000 mark.It is still awaiting figures on the promises of sales in the U.S. that will be particularly monitored 16 hours today.

On the foreign exchange market, the euro lost more ground against the dollar. It is trading around 15.30 U.S. $ 1.4265, down 0.72%. Oil prices, they were in small drop at the opening in New York, in a market trying to regain a foothold in the very quagmire of American debt crisis. Around 3:10 p.m., the New York Mercantile Exchange (Nymex), a barrel of "light sweet crude" for September delivery was trading at 97.00 dollars, down 40 cents from the previous day.

Sprint Nextel fall, Symantec is appreciated

The side of values, Symantec (3.99% to 19.15 dollars) reported for the first quarter of 2011/2012 a profit of $ 172 million, or 22 cents per share. Turnover was up 15% to 1.65% to 1.65 billion.For the current quarter, the company expects a growth in turnover from 12% to 13% minimum to 1 655 to 1 675 billion.

The chemicals group DuPont (1.76% to 53.20 dollars) shows a marked increase. The company announced on Thursday a net income up 5% in the second quarter, better than expected and raised its annual forecast results for 2011. Net income rose to $ 1.21 billion in the second quarter, against 1.15 billion last year, according to a statement from the group. DuPont also raised its annual earnings forecast "because of positive expectations for global growth."

However, Sprint Nextel (-15.70% to 4.35 dollars) falls after posting a quarterly loss Thursday than expected from April to June, the third largest U.S. mobile phone registered with more departures than arrivals of customers.Its loss widened to $ 847 million, 28 cents a share, against 760 million, 25 cents per share, a year earlier.

Exxon (-1.82% to 81.79 dollars). The tanker has reported a quarterly profit below expectations, in the refining business was worse than expected.

Colgate Palmolive (-0.25% to 85.28 dollars) announced quarterly results slightly above analysts' expectations, the good performance of international sales offsetting poor sales performance in North America. The manufacturer of toothpaste and care products posted a profit of $ 622 million over the period, or $ 1.26 per share for a turnover of 4.19 billion. Financial analysts anticipated $ 1.25 per share and 4.18 billion.

Visa (0.66% to 88.33 dollars) reported Wednesday a quarterly profit up 40%, while announcing the establishment of a new tariff structure for American traders. The first global network card payments reported earnings per share, excluding special items, of $ 1.26 while analysts had expected $ 1.23.

The investment fund Blackstone (0.06% to 17.38 dollars) is in talks with the American Medical Informatics Emdeon for a possible bid. The Wall Street Journal, the purchase price could reach $ 3 billion, including debt, if an offer materializes. The company Emdeon, which must publish its results on August 8, specializes in services and financial management software for physician offices.The Nashville company expects a turnover of 1.1 to 1.13 billion in 2011.

The Ford Motor Company (0.81% to 12.47 dollars) on Thursday announced plans to invest one billion dollars in a second plant in India to take advantage of the rapid expansion of the internal market and achieve its growth objectives.

Aflac (5.32% to 46.50 dollars) on Wednesday released after the close of Wall Street, earnings per share in the second quarter from 0.6 dollar against 1.23 dollar last year. The company maintained its forecast of growth of operating profit per share of 8% in 2011 and 2% to 5% in 2012.

Ameriprise Financial (3.78% to 53.52 dollars) announced earnings per share up 22% for the second quarter to $ 1.25.The amount of assets under management rose 17% to $ 670 million.

Cliffs Natural Resources (-4.95% to 88.96 dollars) has issued an earnings per share for the second quarter rose 52% to 2.92 dollars, thanks to acquisitions and higher prices for iron ore .

Murphy Oil (-6.23% to 62.75 dollars) made a profit of 1.6 dollar per share in the second quarter, up 13% thanks to higher crude oil and improved refining margins and retail margins.

Vinci will build the stadium of Olympique Lyonnais

It has taken a major step Tuesday Olympique Lyonnais (OL). In a statement, the French professional club career has indeed appointed on Tuesday the company concessions in charge of design and construction of its future new stadium, the cornerstone of future complex OL Land. And it finally Vinci return the task to emerge from the Stadium of Light ground on the site Décines Charpieu.

After the Stade de France, Nice and Bordeaux, so this is the third contract raised by the construction group and concessions as part of the grand plan to renovate the French stage, for the organization of Euro 2016 Football in France. Note that Vinci has also built and operates since January 2011, the stage of Le Mans (MMArena), which is not part of the eleven stages selected to host matches of Euro 2016.

Private partnership / private

Regarding the financing of the stadium itself, with a capacity of 58,200 seats, the two companies will work as part of a private / private. As for the OL Land project as a whole, the community (Grand Lyon, Department, State …) will support the access to the stadium for 170 million euros. According to information provided earlier this afternoon by the group led by Jean-Michel Aulas on the financing of the only sports venue, Vinci is committed to "contribute to the funding by becoming a shareholder, to a maximum participation 49% of the company owner of the project, the Land of Montout. " Duty, the group estimates that 381 million euros the amount of the contract this morning."A cost which will complement other investments driven by external partners, including hotels, leisure centers and office buildings," says management. In total, OL Groupe estimated 450 million investments to the OL Land project, that is to say the stadium and related structures.

To collect a portion of the funds, the group will also sell the name of the future stadium to a private company. The identity of the partner to be selected, and the amount of its financial participation in this contract "naming" should be announced by the end of the year cash advance now. What to expect the Stadium of Light will soon be renamed before being completed.According to Jean-Michel Aulas, the enclosure will be built on the bottom "entirely private", even if 20 million should still be made by the State, as part of the renovation plan.

Deliveries for the second quarter 2014

A four-year first whistle of Euro 2016, the stadium project goes so Lyon (finally) to the next level. The memorandum of understanding announced Tuesday paves the way for the concrete realization of the project, after years of red tape. At the end of a phase "Project" about six months and subject to the signature of the design-build contract by that date, the phase of contruction will be launched.

Already in May, the release of the situation had been operated by the choice of Lyon as host city of the European competition.The city was named first with eight, then ten stadia to host matches of Euro 2016. Then, when the future sports arena has been the subject of a statement in May of general interest (DIG), Greater Lyon has been run from 14 June to 18 July, public hearings required to amend the plan to local urban planning for the construction of the stadium. The city now hopes to receive the issuance of building permits by the end of the year, for a start of construction in early 2012. Barring unforeseen delays in construction or, as has been the site know of the great stage of Lille, the Stadium of Light should be delivered in the second quarter 2014.

In exchange, the news was applauded by investors, in a context of macroeconomic concerns hold their attention. At 15 hours, the title of the Lyon Group advanced 0.93% to 5.41 euros in a market down 0.5%.

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