The group Orpea, manager of nursing homes and clinics average stay and Psychiatry, has published its 2009 results on Wednesday. All of its performance indicators are up. Its turnover grew by 20.1% on year to 843.3 million euros in operating income up 25.1% to 133.8 million euros.
Net income reached 61 million euros, an increase of 26.1%. The Board of Directors will propose at the general meeting a dividend of 0.15 euro per share against 0.10 in 2008.
Optimistic outlook for the next three years
The group says it plans for the next three years, sustained growth in its turnover.For 2010, it hopes to reach 960 million euros in sales and $ 1.1 billion in 2011 and 1.225 billion in 2012 "while maintaining solid profitability, growth in cash flow from operations and debt ratios controlled.
For Dr. Jean-Claude Marian, CEO Orpea, the group will "continue its dynamic development pace of about 3 fast cash without a hassle.000 beds per year, both by creating new institutions, through the obtaining additional authorizations in the context of calls for projects that through targeted acquisitions.Indeed, in France, as in other European countries where the group, there is still considerable potential of an aging population, and offers a notoriously insufficient. "
Orpea available in March 2010 with a network of institutions spread over 300 sites in Europe for 28,073 beds, 22,892 beds in France on 252 sites, the rest spread between Spain, Belgium, Italy and Switzerland.
The title Orpea the Paris Stock Exchange climbed 2.79% to 31.35 euros to 9:05 Wednesday.
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Shipyards Couach gently back later. Their new "Pasha" since the summer, the industrial Fabrice Vial, the cap is fixed after the takeover of bankrupt: a first yacht was delivered in September2009, three others will be by June The best is yet to come to these sites Gujan-Mestre, near Bordeaux, specializing in powerboats.
Couach recently signed two new contracts. The first of 15 million euros for fifteen coastguard patrol boats ordered by the Indian Navy, whose assembly has just begun, the other an unknown amount, for a yacht of 50 meters for a Ukrainian Industrial anonymous.
To celebrate this good news, Fabrice Vial has offered advertising space. "You have to tell the good news, says the Figaro industrialist Marseilles. Couach The brand has great potential.It is necessary to capitalize. "These ads also help reassure the financial community and potential clients.
Couach offers at least a new beginning. Fabrice Vial took over last June at the helm of the Tribunal de Commerce de Bordeaux Business centennial whose name rhymes with "quack" in recent years. Suspended from quotation on the Stock Exchange in late 2008, the stock has been delisted December 31, 2009. Didier Cazeaux, the former boss had left a liability of 55 million euros to banks and 5million to subcontractors.
New call for tender in India
Fabrice Vial pledged to retain 300 jobs, $ 1.5 million for the repurchase, and provide 6.5 million in capital. A gamble that seems crazy, so much so that the pontoons rumor: Fabrice Vial included these sites would not lose a deposit of 3 million euros it would have paid on a "Couach.The complainant denied, but confirmed to be an aficionado of this cult brand, weakened by its diversification and costly in megayacht.
The 2008 crisis dealt the coup de grace: the few customers able to spend 20 million euros for a yacht were made discrete. In 2009, the craft market has dropped 50%, Genmar the U.S., the No. 2 worldwide, was placed under the protection of Chapter 11 in June. The French Rodriguez has been placed in backup procedure …
Today, the billionaires seem a little more comfortable. The revival of Couach can begin. "Fiscal 2009 was recipient provides Fabrice Vial, resolutely optimistic. The customers are there and we see momentum of recovery. We knew the restart of construction activity was the most difficult.A helping hand Bankers would be welcome. "
The captain keeps in focus a future order of 80 patrol vessels to the Indian Navy, but he is not alone in responding to the call for tenders. "If delivery of the first patrol went well, I am hopeful that we not only retain the 300 employees, says he, but in addition we are able to hire fifty people." With work for 5 years.
The index futures are predicting a slightly higher opening of U.S. markets. Shortly before the opening of Wall Street, futures on indices Standard & Poor's 500 and Nasdaq 100 advancing 0.34% and 0.32% respectively at 1166.70 points and 1951.50 points.
The U.S. market ended almost in equilibrium Thursday. The indices were pulled down at the very end of the meeting by the rising dollar and the ever present strife between the EU on Greece. A last-minute agreement was reached between France and Germany on this thorny issue. But investors are still cautious. Discussions are set to continue Friday between the heads of European states in Brussels.
On the foreign exchange market, the Franco-German does indeed clearly not reassured.The stern warning from the ECB president, Jean-Claude Trichet, the idea of intervention by the International Monetary Fund has weighed heavily on the single currency. The euro bought 1.3382 dollars in early trade Friday, after falling to 1.3268 dollar a day, a low not seen since May 7, 2009.
In the U.S., investors will pay attention to the final figure of U.S. economic growth for the fourth quarter of 2009. The first two estimates showed a growth of U.S. GDP by 5.7% and 5.9% of payday loan lenders . Finally, economic growth was revised slightly downwards to 5.6% annual rate.They also monitor the index of consumer sentiment from the University of Michigan.
On the side of values, Oracle said Thursday after Wall Street closed with a 13% increase in sales of new software under its third fiscal quarter due to a rebound in corporate investments. Also in the area of technology stocks, Qualcomm, the maker of chips for mobile phones, has revised upward its sales for the second quarter.
The values related to energy and raw materials, should still be under pressure, hit by a strong dollar. The day before, Exxon Mobil (-0.3%) and Chevron (-0.2%) retreated, as the DuPont chemist (-2.4%).These companies mainly produce and bill dollar suffer doubly from the rising greenback against other currencies.
Ambac is in trouble again. Authorities in Wisconsin have reported taking control of about 64 billion dollars of impaired assets of U.S. credit enhancer, because a group's financial situation became uncertain
The marketing director of Ford said the automaker U.S. should increase its market share in the United States in March.
Last-minute agreement. The France and Germany were finally heard, just before the opening of the Council of Heads of State and Government in Brussels on financial aid to Greece. This text opens the way for a Council decision.
The agreement provided a budget of 22 billion euros "as a last resort," said Berlin, who blocked until Thursday morning discussions. Clearly, the assistance will be released in case of inability to Athens normally finance markets.
The Elysee said the text calls for "a European framework consists of coordinated bilateral loans which Member States would have to contribute", the International Monetary Fund (IMF) financing through additional loans.Supplement "substantial," said his side the German government source cheapest personal loan rates .
Meeting face-to-head between Nicolas Sarkozy and Angela Merkel on Thursday afternoon, "has been productive," according to the French presidency. "It has reached agreement on a text of a page and a half, which describes very precisely the conditions under which countries in the euro area might have to intervene."
The text must still be submitted to the President of the European Union, Belgium's Herman Van Rompuy. He will return, said the Elysee, "choose the time at which it will distribute the text to other members of the Euro so they can study it, before or after dinner of European leaders.
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As before, the NYSE ends in green. The same indices closed the session at their highest levels since a year and a half. The Dow Jones ended on growth of 0.95% to 10,888.77 points, the Nasdaq is 0.83% at 2415.24 points. The S & P 500 also ended in positive territory: 0.72% to 1174.16 points.
Investors welcomed the figures published in the estate after the opening. According to the federation of Realtors NAR, sales in the old building in February fell 0.6% to 5.02 million units annualized cons down 7.2% in January. The news surprised the market which had forecast a decline of 1.2% to 5 million units. Compared to February 2008, sales of the older building show an increase of 7%.
These figures continued to fall, however, demonstrated the fragility of the recovery in the housing market.
Greece starts to worry the United States
Ben Bernanke will speak further on Thursday afternoon to a congressional committee on programs for emergency liquidity and their next stop. Thursday is also the date that will meet the leaders of the 27 EU countries for a summit in Brussels devoted to their principle economic strategy for the next decade, but then risk traders carefully any comments on the Greek fiscal crisis and possible practical support measures.
One of the leaders of the U.S. Federal Reserve (Fed), Dennis Lockhart said on Monday that the Greek crisis could "directly affect the economy of the United States." The euro was down against the dollar on Tuesday, still penalized by the lack of clarity on possible support measures.The euro stood at 1.3499 dollars against 1.3560 dollars Monday around 23:00.
For now, investors are well prepared. The rebound on Wall Street was foiled yesterday forecasts rather reserved, in the absence of major economic indicators.
The pharmaceutical always featured
The implementation of the reform of key Obama seems to be judged rather positively to the various stakeholders involved: the laboratories, but also providers of hospital services and what is even more unexpected – some insurers.
Values are pharmaceutical and trending up since yesterday. The sector gained 0.6%, which is market-mover of the meeting.
On Tuesday, the area still bears the Markets: Tenet Healthcare is 0.48%. Pfizer gained 2.24%, Merck climbed 0.52%.As for mutual Aetnat climbs 1.01%
The area of technology stocks is well oriented: Seagate (3.78%), Micron (2.03%), First Solar (2.43%) Applied Materials (3.56%), and Oracle (1.68%).
The property sector has reacted with mixed real numbers: KB Home 1.66% cowardly. Hovnanian rises of 2.19%. Lennar is 4.66%.
Walgreen (+1.64% to 35.91 dollars) has reported a quarterly profit increase, to 68 cents per share against the 71 cents expected.
Chinese authorities said on Tuesday that the decision of Google (-1.52% to 548.74 dollars) to close its research services in mainland China was an isolated act which would be treated "in accordance with law."
Time Warner (+0.03% to 31.29 dollars) has submitted the best bid from studio Metro-Goldwyn-Mayer. transaction amount: $ 1.5 billion, according to sources familiar with the matter.
The U.S. Treasury Secretary Timothy Geithner today ruled that the reform of mortgage refinancing agencies Fannie Mae (0.92%) and Freddie Mac (0.78%) should expect "a period of greater market stability Financial.
As for commodities, oil prices finished higher in early Tuesday. On the New York Mercantile Exchange (Nymex), a barrel of light sweet crude for May delivery ended at 81.91 dollars for his first day as a reference contract, up 31 cents from the close Monday.
China has benefited from world trade continuously since May 2004. The country's official figures indicate. But this era of enrichment through international trade could be coming to an end. The Chinese Minister of Commerce Chen Deming has launched a warning about a "risk of a trade deficit in March" on Sunday in a speech denouncing the pressure from the United States for a revaluation of the yuan.
A negative trade balance would mark a break with a trend that has dominated for six years, but also a particularly violent reversal. In February, China had in fact reported a trade surplus of 7.61 billion dollars, up 57.2% annualized rate payday loans for bad credit !!!???!!!?? ?!!!.In other words it s'agfirait an abrupt end.
The Chinese Minister of Commerce said the Commercial deficit is expected in March could reach a record level.
This deficit is suddenly generated mainly by a surge in imports, as trade minister. However, in February, foreign purchases of handbags luxury, high technology products and coal imports had risen sharply, then rising by 44.7% yoy, reaching 86.9 and billion. This increase, however, did not reverse the balance of the Chinese trade surplus.
Observed by the whole world, the trial Rio Tinto, which opens Monday in Shanghai, is the culmination of nearly a year of trade tensions between China and the mining giant Anglo-Australian Rio Tinto. This will also be a political test for Beijing, which has promised transparency.
Four employees of Rio Tinto appear from Monday for "corruption" and "theft of trade secrets": the Australian Stern Hu, head of the Shanghai office of Rio Tinto, and three of his Chinese collaborators. Upon their arrest in July 2009 in Shanghai, they were accused of stealing state secrets, that is to say, highly sensitive information on China's position at the negotiating table on ore prices iron.
Since the beginning of the Rio Tinto trade negotiations and lawsuits strangely coincide.The arrest of Hu Stern and his staff intervened when the negotiations on the price of iron ore were being ruined and one month after the rejection by shareholders of Rio Tinto increased participation of the giant China's Chinalco aluminum in the group's capital.
Partnerships in Africa
Earlier this year, announcing the end of the investigation fell when the price negotiations for the year 2010-2011 debuted without China. Like every year, the big mining groups that dominate the global market – Rio Tinto, both Anglo-Australian BHP Billiton and Brazil's Vale – agree with their key buyers – Japan, China, Europe – a price for the year starting April 1.But the mining groups have decided this time to discuss first with their Japanese buyers.
Last year, Chinese steelmakers were on a very firm position. No agreement had been reached. Steelmakers had ended up paying the market price, 80% over prices negotiated. This year, the talks heated still ahead. Miners might seek to secure increases of 50% to 90%, according to sources. Higher difficult to accept for the Chinese steelmakers.
But Rio Tinto hopes to continue its business in a country that became the main destination of its exports last year, with 24.3% of sales. The Anglo-Australian multiplies friendly gestures. A new head for China and was appointed last month. The choice of Ian Bauert is not trivial.This sinophile and sinophone was created in mid 1980 the first office of Rio Tinto Republic. For his part, Tom Albanese, CEO of the group, arrived in Beijing Sunday to attend an economic forum.
Last week, his company signed a partnership with the giant Chinese aluminum, Chinalco, for an investment in a mine in Guinea. According to the Australian press, discussions are also underway for projects in Mongolia and Australia.
Consolidation of DTT channels requires the Bollor? group Lagardere and entered into exclusive negotiations for the acquisition of Virgin 17, the music channel of Lagard?re.
The sale comes as seems acquired the amendment to the agreement of the chain that ultimately could be more musical but mini GP. However, it is not sufficient to date to pull the string to a value comparable to that of NT1, one of its competitors whose value was set at its sale to TF1 between 100 and 150 million payday advance Low fees . Sources familiar with the matter speak for a recovery of about 70 million euros for Virgin 17 half high.
It remains to be seen whether the sale of Virgin 17 will be a good financial transaction knowing that the loss of the channels are estimated between 20 and 30 million euros for 2009.However, the Bollor? Group is a good move in expanding its presence on DTT now with two strings which can organize spending.
After playing the "yo-yo these days, the CAC 40 continues to move closer to 4000 points. So much so that the index confirms its Paris flagship positive trend since the beginning of the year (0.46%).
This is especially gradual return to the announcement of the Fed to keep "for a very long time" rates to very low levels, to continue to support economic recovery. However, after climbing from 1.23% Tuesday, the progression of CAC 40 slows, the Paris index advancing by 0.54% to 3960 points.The London Stock Exchange evolved also in the green mid-term review, the Footsie-100 index rising 0.52% to 5649 points while the Dax in Frankfurt Stock Exchange advanced 0.76% to 6016.5 points
Deficit: 14 countries of the EU under scrutiny
Investors keep an eye on the report published by the European Commission on evaluation of efforts to reduce deficit of fourteen countries of the European Union, including France, the United Kingdom, Germany and Spain. The Director General of the International Monetary Fund, Dominique Strauss-Kahn, should also deliver a speech to Parliament.
On the macroeconomic front, start-ups in France jumped 12.9% in February compared to January, with a record 57,748 new businesses created, "INSEE announced Wednesday.They were down 8% in January.
Across the Atlantic, are scheduled this afternoon, the producer price for the month of February and the weekly inventory of crude oil. Moreover, the Organization of Petroleum Exporting Countries is scheduled to meet Wednesday in Vienna.
Alcatel-Lucent plunges
Atos Origin (-3.05% to 36.36 euros): According to a report in Le Figaro, the group covets a giant electronic payments be for sale by Royal Bank of Scotland.Thierry Breton, CEO of Atos Origin has declined comment.
EADS (-0.92% to 14.50 euros): Nicolas Sarkozy and Angela Merkel expressed once again concerned about the conditions of the bidding for the tanker market in the Air Force American and urged the United States to resist protectionist temptations cash advance in one hour .
Other values down this Wednesday, is Alcatel-Lucent. The group has been a decline of recommendation by analysts at Goldman Sachs from "buy" to "neutral." The Alcatel-Lucent shares decline by 2.09% to 2.48 euros.
Bourbon honor
Mr Bricolage (5.15% to 14.10 euros) has announced an increase of 23.8% of its 2009 operating profit at 39,7 million with a turnover of 547.5 million (+6.2% ).Net income, group share, in contrast to declining 36.1% to 21.4 million, while fiscal 2008 incorporated a capital gain of 14 million.
Stallergenes (+1.93% at 58.20 euros) Tuesday reported an increase in its results, its dividend and its cash in 2009 and has said it expects an increase in its margins and its activity in 2010 with the lower costs of studies on the product Oralair desensitization.
JC Decaux (+0.84% at 19.70 euros): the rating agency Moody's raised its rating outlook to stable from negative cons before.
Publicis (+1.16% at 30.99 euros): Members of the Executive's advertising group gave up their bonuses for 2009.This decision relates to Maurice Levy, chairman of the group, and David Kenny, Jack Klues, Jean-Yves Naouri and Kevin Roberts.
Bourbon (+9.30% at 29.34 euros): the marine services group announced Wednesday a net profit of 155.4 million euros in respect of 2009, against 224.4 million in 2008. It is therefore a decrease of 30.8% in 2009.
After market, Ingenico (+0.35% at 17.36 euros), Dassault Aviation (-0.96% to 546 euros) and Hi-Media (-0.53% to 5.68 euros) will publish their annual results, and GFI Informatique (-0.34% to 2.90 euros) results for fourth quarter 2009.
Why change anything when everything goes well? A $ 80 barrel of oil, "There is good demand, offering reliable, the perfect price," assured the Saudi Oil Minister Ali al-Nuaimi, also leader of Saudi Arabia in OPEC (Organization of Exporting Countries oil), on his arrival in Vienna, which is held on Wednesday a ministerial meeting.
In a market held in equilibrium, the cartel members and interest to "leave things as they are, namely a level of production quotas of crude at 24.84 million barrels per day (bpd ). A figure that has remained unchanged for the fifth consecutive time, since 1 January 2009.
At the time, where the black gold was very different. During the winter of 2008-2009, the barrel (about 159 liters of oil) has d?grindol? nearly $ 30 after having flown over 140 dollars.Since early 2009, crude resumed colors to stabilize between 70 and 80 dollars – with minor flooding – since June 2009.
Compliance with quotas
Several ministers, however, claimed on arrival in Vienna a better respect of production quotas. A call to discipline and could be included in the final communique of the meeting, as stated by the head of the delegation, Shukri Ghanem.
According to the International Atomic Energy, the cartel produced 7.5% more than its official target. In February, the production of the eleven member countries subject to quota, excluding Iraq, reached 26.7 million barrels per day.
The OPEC members recall the persistent weakness of oil consumption, noting that the market was choked by excessive production, with stocks still too high.With economic recovery, demand will indeed grow and absorb the surplus.
Demand will grow
The representative of Saudi Arabia, a country that respects all of its quota of 8 million bpd, however, seemed to consider the issue of discipline was irrelevant.
"If there was no demand (for oil), there would be no exceedances" of allowances, said the Saudi leader of cartel expects that demand continues to grow , "especially from Asia. This increased demand will be particularly supported by China.
The global oil demand should increase by about one million barrels per day in the second half, according to him.
"OPEC could do very little" to align its quotas on its actual levels of production, and "it could even benefit from positive publicity if it took a measure encouraging economic recovery," but "it is d 'a cautious and conservative organization, which prefers to act behind the scenes, analysts concluded the firm JBC Energy in Vienna.
Changing course in September?
"I expect that prices remain quite well until the end of the year, despite the surplus production, thanks to" the recovery, the weakening U.S. dollar "and geopolitical uncertainties, said Algerian Oil Minister and Mines, Chakib Khelil.
While the outcome of Wednesday's meeting seems already set, expectations are already running to the next installment: the next meeting in September.Chabib Khelil said in effect to 50% probability is that OPEC's quota in six months.
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