Le Figaro. – Northrop and EADS waive answer the call for bids for the tanker to the U.S. military …
WELSH Louis. – We are not going as this tender is clearly in favor of the Boeing B767. The specifications are intended for a smaller aircraft than the Airbus A 330 without taking into account the superior capabilities of the latter. I regret, because we have the best aircraft, which has won every competition in the world, including Britain and Australia, against Boeing. It was useless to file an appeal. I'm not sure the American taxpayer will be a bargain for the U.S. military, it has a plane less modern, less capable than Great Britain, Australia, Saudi Arabia or United Arab Emirates.
You build a factory in Alabama?
The site of Mobile in Alabama would assemble the tankers.Therefore, this assembly project in the southern United States is no longer valid. This decision does not affect our overall interest to the U.S. market. We have to develop.
In what trades do you develop in the United States?
For now, we look rather acquisitions of medium size, including the United States, but not exclusively. As for trades beyond the defense, we bear a special interest in services and security. But everything is a matter of expediency.
The euro-dollar is she always so critical?
Of course! And the euro at 1.35 dollar remains strong. I remember I started Power 8 in 2007 to address just one dollar to 1.35. This is not because we went from 1.50 to 1.35 as the dollar problem is solved! EADS had 9.8 billion euros at end December 2009.
What will you do with that war chest?
The Net Cash position is considerable, but we will in the next four years, reaching a peak of investment on the A 350. We must maintain a sufficient level. It is essential to maintain the trust of our customers, who pay installments four to five years before delivery of their machines. The cash position is also an important component of our rating. It is therefore a priority for us to protect it. Airbus beats records of shipments, but profitability is average.
The economic crisis is still there.Are you planning to launch a new savings plan?
In 2009, our accounts are strongly marked by the provisions on the A 380 and above on the A 400M (1.8 billion euros) and by currency effects, whose overall impact is negative in 2009 2.5 billion euros compared to 2008! Apart from these "special items" Our operational performance is satisfactory. End of 2009, we completed a year ahead of the expected savings under Power 8, or 2.1 billion euros. Power 8 + begins now and will run until 2012. To date, I have no plans identified new savings plan, but I do not want to tie my hands and we must be able to react to changes in our environment guaranteed approval cash loans .
EADS in the collimator
The defense group EADS said on Friday reached an agreement in principle with client countries on the financing of the military transport plane A400M. This also held Monday in Paris a crucial meeting on the fate of the military plane, which displays almost four years behind the counter.
The director general of Crédit Agricole, Jean-Paul Chifflet, revealed in an interview with Le Figaro, his long-term goals. "If we find other opportunities for collaboration to reduce intermediation costs for our customers, we will. With the Company generally or with others, "he said as well.This information may affect the securities Societe Generale and BNP Paribas.
In an interview with Le Figaro also Antoine Frerot, CEO of Veolia, reaffirms the group's objectives, including "after-tax profit of at least 9% and operating profit up 4% on average annually.
The central works of extraordinary total stands Monday. Employees of Dunkerque, on strike since January 12 this year, threatening to spread the oil available to them if management does not accede to their demands.
As for publications, Biomerieux announced on Monday a net profit in 2009 of 148 million euros, above expectations. The group table for the period 2010-2015, an average annual growth of between 7% and 9% at constant exchange rates.
The annual results of cements French gather today.Just as those of April, after market close.
111
Placed on oxygen last year, European manufacturers have yet to most tipped in red. And 2010 looks even more complicated for them they will have to relearn how to breathe alone. Due to the cessation or reduction of premiums for scrap, which had supported at arm's key markets of the Old Continent, PSA Peugeot Citroën and anticipating a decline in European markets by 9% this year, a decline in Renault Ford 10% and a dip of 15%.
Good registrations in January and February (17.8% in France last month) "reflect only the orders taken in December, said Tuesday at the Geneva Motor Show, Carlos Ghosn CEO of Renault. The latter includes a decline in sales from the spring.
"We still expect a strong headwind in Germany and Europe in general," said his side Martin Winterkorn, head of Volkswagen.The German market, after taking off in 2009 with the premium snack, could lose more than one million cars this year. "Despite some positive economic indicators in some countries, consumer confidence, undermined by rising unemployment, is not sufficient to engage in buying a car, for its part says John Fleming, the owner Ford of Europe, which sees no strong recovery before 2011.
So, the price war is raging. "There is an increase in rebates charged, they are difficult market conditions, said John Fleming. We must find a balance between the gains in market share and promotional expenses realistic creditreport . Even finding for drivers to maneuver and supervisors who work 20 minutes at 1:35 less than their working theory. On the RER B, managed with the RATP, the effective working time of workers down even at 5:50 am daily.
The institution of the Rue Cambon notes that despite its efforts, the station is "not reached a sufficiently relaxed social setting strictly regulated. A situation that could weaken against its competitors and "constitute an obstacle to its development."
The Court of Auditors called the coup, a "necessary harmonization of rules between the station and private operators.
ALSO READ:
The Court of Auditors pinned the transport sector
111
Twenty-five phone calls, and the authority of a so-called police commander in the Financial Guard, have nearly costly to Areva. A spokesman for global nuclear leadership confirmed on Wednesday that the figaro.fr of its subsidiaries has been referred by an attempted scam, which has been thwarted, without giving further details. RTL radio said that the event took place last Thursday, January 14.
The usurper who called himself Louis Bouvard, an unknown name to the financial police, said acting on the orders of a magistrate, to dismantle an international network of fraud to the credit card, the radio said.A payment of an amount of 982,000 euros to Hong Kong would have been asked, then realized, before being interrupted in extremis by the security services of Areva.
A judicial inquiry was opened
The Paris prosecutors opened a criminal investigation yesterday, Tuesday, about the attempted fraud, which could have been brought by an international syndicate. He told the inquiry to the Brigade of fraud means payments of the prefecture of Paris.
The case is therefore of no consequence to Areva. But it is a concern more for Anne Lauvergeon, which currently crosses the iron in the media with EDF, to ensure the place of his group in the French team of nuclear.The other question must be arbitrated on Wednesday by Prime Minister Francois Fillon, who planned to gather around him the leaders of the two partner groups, but still competing.
Tensions escalate between EDF and Areva
"Fillon convened Proglio and Lauvergeon
111
"After consideration, we will not invest in Areva" reveals Christophe Margerie, CEO and future chairman of Total, in an interview with the first edition of the Journal du Dimanche. After the failure in late December of invitation supply in Abu Dhabi to build two nuclear reactors, which were project stakeholders EDF, Areva, GDF Suez but also Total oil group maintains its draft into nuclear power. But without investment in Areva, whose strategy is now under threat.
"Those who think we lost because of poor organization Franco-French are wrong. (…) Can we make the EPR cheaper without sacrificing safety? This is the real issue "said Christophe Margerie.The EPR French would indeed be 40% more expensive than the South Korean model finally selected by Abu Dhabi.
Needs huge
So as an investor-operator and Total says it wants to enter the nuclear market. In this context, "we want to set up projects with Areva, but we do not exclude mounting other international partnerships," said the CEO.
Asked about the economic outlook for his group in 2010, Christophe de Margerie also appears optimistic. Satisfied with the signing of two important contracts in natural gas, the United States and Algeria, he anticipates the needs of huge new countries: India, China, Middle East and Africa.
111
The upturn in France continues apace. The services PMI rose to 58.7 in December, according to the latest figures published by the Institute Markit / CDAF. Services rose for the fourth consecutive month. The index of purchasing managers for the overall activity, combining the services and industry (figure published earlier this week), also indicates an increase, to 59.2, against 60.2 in November.
The indicator for the services' folds compared to 60.9 in November (a high of 37 months) but nevertheless indicates a high rate of expansion, "notes Mark. Beyond 50, the index indicates an increase in activity. The dynamism of the index is due in December by the record number of new contracts at their highest level in two years.
On the other hand, job losses and slowing the decline in prices paid and charged by companies stalled."Further, in 2010, the upturn recently recorded should be based largely on developments in the labor market," said the statement Jack Kennedy, economist at Markit. "He therefore hoped that the growing confidence of businesses in the economic recovery is reflected, in the new year, with hiring decisions."
The services PMI in Eurozone recorded his part for its strongest growth since November 2007, to 53.6 in December against 53 in November. "However, the recovery did not extend to all countries in the eurozone, where the Spanish services sector remains a concern," said Rob Dobson, senior economist at Markit.
111
A wind blowing over pessimism Theolia Tuesday. The action of the wind expert picks from 10.49% to 13 hours after having plunged nearly 16.7% in midmorning. For over six months that the title did not broke the 3 euros. A 2.9 euros, it is trading about 5% less than a year ago.
If the producer of electricity from wind energy can be proud of having agreements with its major creditors to reduce its debt, investors themselves have mostly held that accompanied this restructuring – subject to acceptance general meeting in early 2010 – a capital increase to a maximum of about 100 million euros from current shareholders, whose holdings would then be diluted. "The Council plans to launch a capital increase in spring 2010," reads the statement issued today by Theolia.
Call for support
Side Theolia, management maintains that if all these operations are actually realized, the company has increased its cash 40 million, reduced its debt under the bond to 127 million euros payable on 1 January 2015 and increased its capital by about 150 million euros.
For the record, on September 1, Theolia warned that the group will be difficult to have enough cash or borrow the money necessary to enable it to repay 253 million euros of his bond on 1 January 2012, when demand early repayment of the loan in full.The announcement marked the end of an upward movement of the track (peak at more than 5 euros), in operation since March 2009.
Even the publication in early November, a consolidated turnover for the first nine months of 2009, amounting to 232.7 million euros, three times more than the same period of 2008, did not sufficient to restore color to the action.
A sector still buoyant
According to the report by the Center for Strategic Analysis (CAS) published mid-December, just before the Copenhagen summit, "the current economic downturn and emergency climate offers the opportunity to wind a large-scale development.
The global growth prospects are very important and France as the CASE has many strengths, including its network of subcontractors providing the territory but also abroad, the components needed to build wind turbines.Already, more than 150 suppliers and subcontractors working for the industrial sector, and many others from the construction, mechanical or aerospace, where expertise is close to that of the wind, could reach them and encourage the success of the industry.
The report also highlights that wind can generate a net profit in the event of a price increase of fossil fuels, which the most energy experts are convinced.The Union of renewable energy sources (RES) and the wind industry, Wind Energy France (ESRF), recall here that the cost of wind energy, about 80 euros / MWh (megawatt hour), is "very close that of conventional thermal plants, while presenting an additional advantage in terms of security of supply and CO2 savings.
From a tax perspective, the sector was welcome in France, the amendment passed there only a week, bringing the level of the flat tax to which the turbines are subject to the same amount to than other means of producing electricity.
ALSO READ:
"The design wind arrives
111
How to better control the price of gas? That is the question posed by the UFC-Que Choisir in a study released Tuesday and conducted for the association, the Microeconomix firm, specializing in economic analysis applied to energy. The study, which decrypts the various components of gas prices, indexation of long-term contracts to supply gas to that of petroleum products is no longer justified because "the gas reserves are larger and Practice these two energies are not quite the same. " Moreover, this calculation method penalizes consumers for petroleum products are part of an upward trend and are very volatile. The UFC-Que Choisir gives the example of the United States, where there is a real market price of gas. Its price is low given the recession and the discovery of new deposits while the oil prices started rising.The association proposes that consumer gas prices for the supply, are no longer indexed to oil prices and encourages GDF-Suez and state shareholder to initiate a reflection on this subject.
Costs associated with better delivery boxes
Another point raised by the study: the opacity of the costs of delivering gas (transportation, distribution, storage). The UFC also regretted that the information on the operating expenses of transportation and distribution are not published. The same is true of financial results of storage of GDF-Suez and Total, the two current operators. The study also reveals that the total capital committed to the transportation and distribution in France are paid at a rate higher than in other European countries. The idea would be to align to allow a reduction in the cost of these positions.Thus, for transport, the decrease corresponds to 4% or lower fares for consumers in the order of 0.4% since this activity represents 10% of the total cost. For distribution, the decline would be 3%, slightly less than 1% for the end consumer because the distribution represents 25% of total costs. Finally, for the association, it is necessary for storage, whose price has increased 20% over three years to become a regulated activity, as are transportation and distribution. Currently, operators of gas freely set their rates. The UFC is therefore proposing that the costs of bringing gas to final consumers are better supervised.
At present, regulated tariffs for natural gas are set by the government after recommendation from the Commission of Energy Regulation. Last October, the government had decided not to change the price of gas.According to the formula for calculating the new rates, the decline would be limited to 0.6% to 0.7%. The last drop of gas took place last April. It was around 11.3%.
ALSO READ
"Gas: a new method of pricing?
"PAPER – Read the analysis of the UFC-Que Choisir on gas prices (pdf)
111
