Archive for the 'different' Category

Al Jazeera has also got hold of Euro 2012?

Auto Date Saturday, February 4th, 2012

Al-Jazeera would be poised to strike (still) a great blow. She has acquired the TV rights for Euro 2012 would not count stop there. But what about the games of the France team? Players of the team celebrate their victory against Spain in Euro 2008 final against Germany.

The rumor is increasingly insistent. According Lepoint.fr, Al-Jazeera would have won the TV broadcasting rights of the Euro 2012 football against the duo of TF1 and M6. Interviewed by L'Expansion. Com, Uefa and the Qatari, however, refuse to confirm. Especially since the side of a large French chain, a source very close to the case provides that "nothing is done", and it remains "a third round of betting." Still, since Al Jazeera has gained a lot of the rights of the Champions League and Ligue 1, the rumor lends resources and unlimited ambitions. It is rumored in some newsrooms and this time she would put on the table between 100 to120 million for the next edition of the European championship. A sum again unconfirmed.

A "gift" to France Televisions?

Another victory for Al-Jazeera would not without asking the air broadcasting the matches of the team of France and the final. Qatari chain could therefore turn to organize a tender to determine the granting of this free program minimum. A chance for TF1 and M6 to limit the damage? Not so sure. According to Le Point, it would indeed be considered a "gift" to public service, which devalues ​​the rights. And to soften somewhat the "shock" due to the sensational debut of this new actor. Good image would indeed be surprising from a country that, since his arrival on the French market of football business, do research clearly not economic profitability in the short term.

In fact, the leaders of France Televisions have also met with Qatari counterparts, recognizes Bilalian Daniel, the head of sports department of public television. But "it was nothing to prepare for the Euro 2012. Just to stand as brothers," says he. As for a possible favor, he asserts that "it is absolutely anything. You can not sell off the rights like that, other chains might attack us for that."

The Europa League and Cfoot in addition to the Euro?

Anyway, the ambitions of Al-Jazeera will not stop the bidding for Euro 2012. Al-Jazeera is also still in the race to clinch the match of the Europa League where a third round of betting is also expected. She finally approached to buy back the rights of the League 2 along the chain Cfoot, owned by the Professional Football League (LFP). Because Al Jazeera has yet to find a channel to broadcast the matches she bought. Or just Cfoot must stop broadcasting on pay DTT in June … either at the beginning of the euro. Just a coincidence that some obervateurs to complete a recovery scenario …

Auto Date Monday, November 21st, 2011

Ahold announced Monday a series of measures to accelerate growth, new cost cuts and a boost to the dividend, the Dutch retailer hoping to convince investors of the strength of his model.

While the group has performed better than its commercial rivals in recent quarters, as Ahold trades at a discount to many other names in the industry, because of the feeling that the company is too exposed to low growth markets.

Ahold, owner of the first supermarket chain in the Netherlands Albert Heijn, produces some 60% of its sales in the U.S., with retailers Stop & Shop, Giant-Landover and Giant-Carlisle.

The company last week released the results better than expected in the third quarter with a 5% increase in earnings, rising food prices and market share gains have boosted sales despite difficult market conditions .

Among the measures included in a presentation to investors, including the group intends to triple its online sales, to 1.5 billion euros, and open at least 150 stores over the next five years.

Specifically, Ahold wants to open at least 50 supermarkets in Belgium after the results of two test stores already established in the country.

The annual net loss of Euro Disney is growing

Auto Date Wednesday, November 9th, 2011

Euro Disney said Wednesday it has widened its annual net loss due to deterioration in the profitability of its property development activities and increased its costs.

The operator of Disneyland Paris has recorded for the year 2011, ended September 30, a consolidated net loss of 63.9 million euros, against 45.2 million last year.

Its annual turnover to 1.297 billion, increased by 1.8%, tourism growing by 4.9% to 1.275 billion while the real estate development saw its sales drop 62.4% to 22.5 million, reflecting a major assignment.

Parks attendance reached 15.6 million visitors, 600.

Auto Date Monday, October 31st, 2011

Wall Street finished sharply lower Monday, the initial enthusiasm born of the EU summit last week's fading from investors who question now no longer on how to resolve the debt crisis in the euro area but their use.

Still Wall Street has done its best month since 1991 and many analysts believe that the worst case scenario is ruled out at this time in Europe, the stock market is ripe for a further rise, investors are turning their attention to Chinese statistics and the U.S. better than expected.

The values ​​of natural resources have suffered from the fact that the dollar reached a peak three months against the yen as a result of intervention by the Bank of Japan to roll back the domestic currency.The Nasdaq Composite yield 52.74 points (1.93%) to 2684.41.

Of the month, the Dow shows a gain of 9.5%, the S & P by 10.8% and the Nasdaq 11.1%.

The new concerns generated by the European debt situation are what feed the bankrupt broker MF Global Holdings derivatives, an event that affected financial stocks in particular.

The latter, who had engaged in heavy positions on European sovereign debt, filed for bankruptcy after the breakdown of negotiations to sell assets to Interactive Brokers Group.

MF Global transactions have been suspended. Interactive Brokers has closed up 1.05%.

Values, the S & P Natural Resources lost 4.2%.

Auto Date Saturday, October 29th, 2011

The French left the presidency of the European Central Bank on October 31. It gives way to the Italian Mario Draghi. Record of eight years of a presidency marked by the seal of the crisis. The mandate of Jean-Claude Trichet President of the ECB ended October 31, 2011

The least we can say is that the end of term Jean-Claude Trichet has not been easy. The French left the European Central Bank (ECB), after eight years of presidency, when the euro area is experiencing a critical step – critical? – Of its crisis. For if the Europe Agreement birth Thursday morning in pain is an important step in the short term, it does not eliminate all long-term risks of contagion from the debt crisis.

We do not worship nor hate Jean-Claude Trichet, as it is more consensual than cleaving – it boasts of never having been outvoted by the Governing Council of the ECB. We respect him.For he succeeded in making the institution of Frankfurt an economic and political front. The markets were suspended in any of his words at monthly conferences of the ECB on interest rates. And since Europe is in crisis, he took part in EU summits as well as leaders and heads of government of member states of Euroland.

The route of Jean-Claude Trichet

1942: Born in Lyon

1969-1971: ENA

1978-1981: Economic Advisor, Valerie Giscard d'Estaing

1986-1987: Director of the Office of Edouard Balladur, Minister of Finance

1987-1993: Director of Treasury

1993-2003: Governor of the Banque de France

2003-2011: President of the European Central Bank

Of the review of eight years as president of the ECB, it can be fierce independence vis-à-vis the Franco-German policies.No sooner did he take the levers of the ECB in November 2003, accusing Jacques Chirac and Gerhard Schröder to gut the Stability Pact. In 2010, he opposed the will of Nicolas Sarkozy and Angela Merkel to involve private investors in the rescue of Greece. But we remember also its renewed calls for member states to implement a real economic governance of the euro area. Not to mention his extraordinary responsiveness during the financial crisis in August 2007 first, then in October 2008, noting that the interbank market is frozen, the ECB is the first to lend banks as much liquidity as they wish.

The strong euro, the result of the fight against inflation

Two of his actions, however, are highly controversial.

Schneider lowers its 2011 margin target

Auto Date Thursday, October 20th, 2011

Schneider said Thursday lowered its forecast for 2011 operating margin mainly because of a mix more negative than expected in terms of activity and contribution of geographic areas.

The French specialist of electrical equipment said in a statement that it now expects an EBIT margin (earnings before acquisition costs and impact of integration and consolidation of acquisitions in the year 2011) of 14% instead 15% previously forecast.

However, the Group confirms its forecast for organic growth of between 6% and 9% for the year.

"We expect, however, that profitability is impacted beyond the forecast, the combined effect of a mix more negative, due to growth of solutions greater than that of products and geographic mix less favorable, and a stronger inflationary pressures in emerging economies, "said Jean-Pascal Tricoire, chief executive, said in the statement.

The turnover of the group reached 5.697 million euros in the third quarter, representing organic growth of 7.7%.

At 9 months, organic growth reached 9.3%, faster than the annual target.

The activity "Power" (38% of sales in Q3) recorded organic growth of 7.6%, "Energy" (21% of sales) increased by 7.3%, "Industry" (19% of sales ) 6.6%, "IT" (15% of sales) of 12.6% and the activity "Buildings" (7% of sales) 3.0%.

The activity remained stable in Western Europe, the main market of the group (31% of sales), while Asia organic growth of 15% and North America 9%.

Emerging markets, which posted growth of 14%, now represent over 40% of the total turnover of Schneider.

The EU prepares its banks to a Greek default

Auto Date Wednesday, October 12th, 2011

European authorities began Wednesday to prepare the banks of the continent to a possible failure of Greece.

For the first time since the crisis began, bank supervisors have decided to enhance their market sovereign debt held by banks in the EU as part of the recapitalization process in progress, officials said Wednesday European source.

The EBA, which will retain a definition of bank capital similar to that used in the last series of stress tests in July, will harden further 9% threshold due to equity "hard", reflecting the wishes of Paris and Berlin and by the European Commission on Wednesday in his "roadmap" to end the crisis.

"This is an exercise prudential.It is therefore logical that the ABE values ​​sovereign debt to market value or a value very close to that market, "said a source familiar with the discussions.

Regarding the definition of capital, "it corresponds to that used by the BEA in July.This is harder than the current one but is softer than that provided by the new Basel III standards, "the source said.

Once it receives the data that are currently provided by the banks, the EBA will prepare a proposed recapitalization of institutions of systemic Twenty-September for the meeting of EU finance ministers to be held October 21 , the day before the EU summit.

ROADMAP

This will be adopted simultaneously with the new bailout of Greece, which must reduce the debt of Athens so much greater than had been planned in July and then revise upward contribution "voluntary "the private sector.

According to several European sources, the losses that private investors must accept their obligations in the Greek part of the new plan should be between 30 and 50%, not 21% as expected.

Institute for International Finance (IIF), the discount would represent 39% when using the current market prices to assess the risk profile of the country

The roadmap of the Commission also calls on members of the euro area to complete without delay the ratification of the new European Financial Stability Fund (EFSF).

Last country to have to run, Slovakia will vote by Friday, officials said Wednesday following the agreement between three parties of the government resigned and the main opposition party.

The roadmap, which calls in line with discussions held at the EBA to a building "significant" capital requirements of banks, also advocates a recapitalization through private funds, which will be supplemented by funds public and by loans from the EFSF in case of negative response from the market.

France, who insisted behind the scenes for several days to use the EFSF as an instrument of coordination in the recapitalization of banks, said Wednesday it would not appeal.

"EURO BONDS"

The other two parts of the document from the Commission concerning the acceleration of measures currently being discussed in Brussels, but designed to boost European growth and most importantly, the implementation faster than expected European Stability Mechanism (MES).

The MES, which was to come into force on 1 July 2013, finally begin to operate on 1 July 2012 according to the wishes of the Commission. It includes a device that allows a country to default on its debt in an orderly manner.

"The roadmap traces the path to the exit of the economic crisis for Europe. The partial answers to the various aspects of the crisis are no longer sufficient.We need to take the lead, "said Commission President José Manuel Barroso to the European Parliament.

"We must reach an agreement at the EU summit of 23 October," he said, also urging the leaders of the euro area to release the next tranche of aid to Greece.

He also confirmed that the EU executive would present by the end of the year a proposal to create a framework for joint programming of debt between members of the euro area, also known as "Euro bonds."

The German unemployment rate falls further

Auto Date Thursday, September 29th, 2011

Unemployment Gross of Germany continues to fall. He reached again in September, a record low at 6.6% of the workforce.

The gross rate of unemployment in Germany down again. The level reached in September has a new record low at 6.6%, ignoring the economic uncertainty and the crisis of the euro. The unemployment rate fell to gross 6.6% in September, as against 7% in July and August, which already marked its lowest level since the reunification of the country, according to figures released Thursday by the Employment Agency. Its level is the lowest for 20 years.

In data adjusted for seasonal values, the unemployment rate also fell to 6.9% against 7% a month earlier. This represents 26,000 fewer unemployed, where economists were expecting 10,000 less."The demand for labor remains strong," said the director of the Employment Agency, in a statement, and that while the situation in Germany, as in the euro area is marked by uncertainty .

Recent surveys of the financial community (ZEW) and entrepreneurs (Ifo) portend a slowdown in economic activity in the coming months. Already in the second quarter, the German economy had slowed sharply, with GDP rising by only 0.1%. Chancellor Angela Merkel, however, on a table growth "closer to 3% than 2.5%" this year, the official government forecast of 2.6%.

European shares rose in early trade

Auto Date Wednesday, September 28th, 2011

European shares opened sharply higher Tuesday, extending their rally started Friday afternoon, still supported by expectations of further measures to stem the debt crisis in the euro area.

At 9:36, the CAC 40 index advances 2.79% at 2939.25 points after taking 1.75% Monday, with a volatility index down 4.31% to 47.81 points.

According to the U.S. television network CNBC, which cited a European financial responsibility, a special fund could be created through the European Investment Bank to issue bonds and purchase of European sovereign debt.Bonds could also serve as collateral for the ECB, CNBC added.

Austria's Ewald Nowotny, a member of the Governing Council of the ECB, for its part, said at a conference at Harvard University, an increase in the size of the European Financial Stability Fund (EFSF) was likely but would probably not as important as what some people expect, "not the order of a thousand billion" euros.

The "rally" bear markets are more violent, says Frederic Buzare, head of equity management at Dexia Asset Management, which has 85 billion euros of assets under management.The rebound will not last if investors do not get clear action plan to resolve the crisis, he added.

In this type of policy-driven market, it's all about the risk premium. The valuation ratios are no longer relevant, adds the manager.We spend more time reading the statements of leaders (political) to study the balance sheets of companies, he says.

For his part, U.S. President Barack Obama said Monday night that the crisis of European debt was "afraid the world" and that European leaders attacked the problem but not as quickly as needed.

Other major European markets, the London Stock Exchange gained 2.1%, the Frankfurt 3.2% and 2.6% in Milan, while the pan-European index STOXX 50 wins almost 3%.

Bank stocks are still at the top of increases in the CAC 40, with a gain of more than 9% for BNP Paribas, over 8% for Societe Generale and more than 7% for Credit Agricole. Axa takes 7.8%.The index of banks in Europe advance 3.5% /

But all sectors benefiting from the rebound on Tuesday, including cyclic, with a rebound of 4.5% of the index motor and 4.1% of commodities that had posted the weakest performance yesterday.

A barrel of U.S. light crude rose 2.6% to 82.29 dollars and Brent from 1.2% to 105.22 dollars, causing the oil companies and related industries in its wake.

The performance of the German government bond (Bund) and 10 years is around 1.9% against 1.8% the day before closing, while the euro is stable against the greenback around 1.3530 dollar.

Close of trading up with the financial sector

Auto Date Monday, September 26th, 2011

European shares finished higher Monday, with the financial sector, buoyed by speculation of lower interest rates by the European Central Bank (ECB) and new measures to support banks.

However, markets have reduced their earnings during the afternoon for lack of more precise statements confirming the rumors.

The CAC 40 index finished up 1.75% to 2859.34 points (final closing), while London has been 0.45%, 2.87% Frankfurt, Milan and 3.32% EuroStoxx 50 2.84%.

The index of the banking sector has been 3.57% and 6.42% of the insurers, with an increase of 8.18% for Axa, from 5.44% for Societe Generale and BNP Paribas for 3.99%.