LE FIGARO. – RTL ended the season with 12.1% audience. The media is 80.9%. Is not it a little low?
Christopher Baldelli. – The radio has a very good season from September to June with a small decline in April-June RTL is an excellent survey. It confirms two points, observed since January: our audience is progressing and RTL accentuates the gap with the second. This had not happened for two years. Our radio division overall is doing very well. Fun Radio even recorded the strongest growth of all radios throughout the season.
RTL is not followed by NRJ, a musical, but by the France Inter generalist. How do you change the competition?
I come from television. I found the radio, fierce competition. It is multiple, strong, and has talent. The performance of RTL is to have strengthened its leadership this season.Having a generalist such as France Inter behind us is exciting. But I do not choose the number 2. What matters is the performance of RTL, its audience and the gap to the next.
France Inter is leading in some quarters of an hour of the morning, between 12:00 and 2:00 p.m., and 18 h 45-20 h 15. What is your parade?
RTL is the undisputed leader on the morning throughout the season. However, we will intensify our efforts to return in the morning, with Yves Calvi, and lunch with Laurent Bazin and Elizabeth Martichoux.
You just changed the schedule for the 2009-2010 season.The next will Does your brand?
The schedule of RTL is both mine – I made some changes in September with Bixente Lizarazu and Eric Zemmour in January – as it is Axel Duroux, my predecessor, and that of his predecessor, Robin Leproux. If we have been active in the transfer market this year is because our grid is strong and there were points to be strengthened. This is not about egos but effective. There are a lot of our competition and offer must be constantly improved. Thus, the arrival Flavie Flament help to feminize our audience. We want to make a popular radio quality and also of interest to AB +. All our hires are part of this logic.
What will the impact of these arrivals gate at your cost?
I announced that we would be active in the transfer market.The cost of the grid RTL enrich well will be nearly identical to last season. We have begun a savings plan for 20 million euros over three years but we do not rule out investing in the grid at constant cost. Thanks to good audiences and advertising revenue growth, particularly in the second quarter, our profit margin will increase from 2010. This will be a double-digit growth. We aim to improve profitability on all radios without sacrificing programs. We are not in a purely managerial logic but first performance.
What are your goals for long-term stations?
Fun Radio has already made a nice progression of Hearing. We must now expand the total supply, with major events such as Starfloor at Bercy. This allows work on the brand and diversify our sources of income.I have no other target audience for RTL to be the best. We will launch in September a new website rtl.fr, which will more room to podcast and video. The mark must be alive and present in almost-French. We can not measure the impact on the audience, but it contributes.
After presenting the magnitude of reductions in departmental budgets, the British prime minister should explain the method he intends to use to achieve its objectives. The austerity measures unveiled by the government this weekend are particularly severe: the state is considering including reduced by over 40% of the cost of certain departments. However, David Cameron must ensure this Thursday in front of 450 members of his Government that the quality of public services will be maintained in spite of drastic budget cuts.
According to excerpts of the speech published by Bloomberg, the prime minister must detail his plan to replace "the old bureaucratic system with a new democratic system, enabling it to resolve the dilemma between maintaining services and reducing costs.
"We want to give citizens an opportunity to improve public services in our country through transparent, democratic local control, competition and choice," said excerpts from the speech. David Cameron will discuss in particular the possibility for the first time, electing police commissioners Guaranteed payday loans.
For its part, the Secretary of State for reducing costs of administration will scrutinize all the benefits of key government suppliers to reduce costs. The names of companies have not been disclosed.
600 000 public jobs threatened
The British Finance Minister, George Osborne, asked the Ministries of Defence and Education, to make projections based on a reduction in their budget 10% to 20%.But other state services must therefore prepare for reductions of 25% to 40% of their resources. In late June, the Minister announced in Parliament and with all the new budget measures he hoped would reduce the deficit from 10.1% of gross domestic product this year (2010/11) to 1.1 % of GDP by 2015/16.
The Fiscal Responsibility Office has estimated that 600,000 public sector jobs might be eliminated as a result of these forecasts to reduce the deficit.
The strong growth of the Carrefour share continues. After gaining nearly 3% Monday to close the Paris Bourse, the title was up 1.39% to 33.53 euros to 11.45, in a market that climbed 2.65%.
If the information has not yet been confirmed by Carrefour does not wish to comment, the group would indeed begun selling its operations in Thailand (550 million euros turnover in 2009 ), Malaysia (300 million euros of turnover) and Singapore (80 million euros of turnover), according to Reuters. "I would not reconsider our position on a number of emerging markets where the potential is not important," said Lars Olofsson, Executive Director of Carrefour, Le Figaro last January. These transfers could bring him some 800 million euros.
"Carrefour has too dispersed"
"These operations will confirm Carrefour to focus on China (3.5 billion euros in turnover in the first quarter of 2010, Ed), Taiwan (1.3 billion euros of turnover) or Indonesia (800 million euros of turnover), "said an analyst of CM-CIC Securities specialist value. He added: "These markets like Mexico, Chile, Japan, South Korea or Switzerland, which Carrefour has withdrawn, were either uninteresting or markets where the group has rapidly exceeded by its competitors. Carrefour was too dispersed. According to the analyst, other distributors present in Asia as Tesco and Casino would be interested, or even private equity investment based on the evolution of debt markets and mergers and acquisitions.The Casino has wished to make any comment.
Carrefour wants to "re-enchant the hyper"
To boost sales of its hypermarkets, the group plans to create new concepts. As part of its "hyper-enchantment" Carrefour should delegate its rays to Virgin Music, according to the magazine Challenges. By outsourcing this department to a specialist, the group hopes to attract more young people into its stores. A first test will be done in the store Venissieux. And if successful, the contract could be extended to 238 Carrefour hypermarkets, and cover all rays non-food, whose sales have fallen 5% in 2009.
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The U.S. economy has begun to destroy jobs, after five months of net creation. In June, the number of job losses in the U.S. totaled 125,000 jobs including in the public, according to figures from the Labor Department. The figure was pulled down by the public sector, the end of the census causing the departure of 225,000 temporary workers hired for the occasion.
More importantly, the private sector alone has created 83,000 jobs. Is much better than the 33,000 net new jobs in the month of May However, analysts expected a figure close to 112,000. "We're going in the right direction but we do not go fast enough for many Americans. We are not moving fast enough for me either, "responded the president Barack Obama.
The increase in the number of private sector jobs due to "modest increases in various industries."The leisure industry in particular has created 28,000 jobs before the summer. Business services hired 21,000 people. Note, the industry continued to create jobs (9,000). The construction sector has meanwhile also destroys jobs (22,000), hit by a decline in new construction.
"Beyond these figures rather in line with expectations, the disappointment is the hours worked and wages," noted economists Exane-BNP Paribas. "Hours worked weekly find their level in April (34.1) and hourly wages shrink by 0.1% over the month." In bad omen for consumer spending.
On the other hand, the unemployment rate, calculated on a different basis, for its part fell 9.7% in May to 9.5% in JuneThe Labor Department said the decline by reducing the workforce and the growing number of discouraged workers who no longer work. "We still expect a gradual recovery in the labor market with unemployment rates remain high in 2010 before improving slightly in 2011," says Julian Thomas, an economist at Natixis.
"In general, the Labor Department report suggests weak growth, but not fallen into recession, say economists for their part of Societe Generale.
Brussels unveils Wednesday morning the first tools to enhanced budgetary discipline, but a return to social and political sensitivity, the eyes of many European leaders have already turned to the next step: how to reduce public deficits without killing one fragile recovery in short, prevent the patient from dying European healed.
Rigor or growth, the controversy Twenty-Seven do not extinguished with the final summit which has a fiscal tightening priority number one, are privately EU officials. Rather, the debate may resurface in the fall when the purge has hit the pockets of Greeks, Spaniards and Portuguese. It is also the time when France – soon followed by Italy – the first budget scenarios draw a crucial election year.Orthodoxy dictated by Angela Merkel and Jean-Claude Trichet to "save the euro, is probably not the last word.
"There is much talk of economic government, but except to despair of hundreds of millions of Europeans, this can not be reduced to handle the stick, says a prime minister. The EU must express a more positive discourse. "Behind the facade of unanimity, the summit of 17 June has seen crack consensus on the severity. Behind closed doors, elected by a large country has told his peers that he would not go to elections on an austerity program. A head of government has launched neighbor that he cared more for his popularity figures that the percentage of public debt.
Belgium, which takes the presidency tomorrow "rotating" of the EU and is found to manage the discussion, already began work clearance.The idea, pushed by Finance Minister Didier Reynders, is (re) launch a series of European projects clearly identified, to support investment and growth fragile. "States should certainly spend less, but they can also spend more," they said in Brussels.
The European tax, a topic still taboo
The new president was careful to mention a program of "great works" in the Keynesian mode. But he is making concrete and go beyond the pale "Strategy 2020" established by the Commission and just confirmed the summit. Several tracks are proposed, such as the integration of national networks of high speed trains, the interconnection of gas pipelines, or a coordinated plan for European manufacturers for an electric car general public.
In lean times, is to find public funding.Seen from Brussels, one or more of the taxes in gestation could find was a second use: the tax credit, the tax on financial transactions, or the carbon tax. This does not transform one of these tax levies national European topic still taboo in the EU. Each nation would undertake to devote part of its revenue to a new coordinated investment effort. This is the kind of government economic component.
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Inflation has remained virtually unchanged in May The price index rose 0.1%, after rising 0.3% in April, INSEE reported Friday. Over one year, the labels have increased 1.6%.
In May, the index was pushed up "by the new rising energy prices and the seasonal increase in prices of fresh products and some services, including insurance, says the National Institute of Statistics. In contrast, prices were dragged down by lower seasonal rates for heating and promotions on cars and telecom is INSEE No teletrack payday loans. In clothing, labels do not change, remaining stable on the month.
In detail, oil prices rose by 0.9% (+13.6% yoy), as a result of rising oil prices.In services, the insurance rates also appear to increase: 1.5% for the automotive (+7.6% YoY), 0.8% for health (+5.1% over one year) and +0.4% for residential (+4.2% YoY), details the INSEE. The food prices have also increased by 0.3%.
For its centennial, the fund invests Strategic Investment (ISP), launched there just eighteen months, has chosen to support CGG Veritas. This intervention takes place through the acquisition of the group's shares listed in Paris and New York, up from just over 170 million euros, or 6% of capital. The fund, which became the largest shareholder of the company, ask an administrator to the council table. "This is a significant commitment of ISPs, says Gilles Michel, Director General of public funds. One of our three missions is to strengthen the capital of companies listed on major technological potential. Upon entering the capital of CGG Veritas, we conduct our sixth investment of this type. "
This, incidentally, the third stake in an oil company, after Vallourec and Technip.With a market capitalization of 2.7 billion euros, CGG Veritas is smaller than the other two groups supported by the funds, but the company employed 7,500 strong positions in its areas of specialty. It is a world leader in providing services in imaging for identifying hydrocarbon reserves, both onshore and offshore, it is also the world leader in seismic equipment.
"We are proud to be regarded as a business with great potential by the ISP, and it does not mark a turning point for the company, but it will allow us to further develop the technology to improve the image of the basement" , commented the President of CGG Veritas, Robert Brunck.
Long-term shareholder
The entry of ISPs also aims to secure a capital highly fragmented.IFP (French Petroleum Institute), long the largest shareholder, holds only 4.2%. And the company has 700 funds in its capital.
With the strategic fund, about 10% of the capital are now in the hands of public shareholders and long term. "The presence of ISPs in the capital makes CGG Veritas attractive for other long term investors," said Gilles Michel. For him, securing the capital enables these dynamic companies to focus on growth rather than spending time managing financial issues.
Problem even more crucial that CGG Veritas is an average actor in a sector parapetrolic won by a movement of concentration. Schlumberger has made two acquisitions in quick succession.The industry giant has launched at the end of winter a bid of 11 billion dollars on Smith International, before you spend a few weeks later, one billion euros to afford the French Geoservices. Many observers consider that competitors, including Halliburton, would replicate …
At the last conference on deficits, Nicolas Sarkozy has proposed to amend the Constitution so that at the beginning of each term government embarks on a path of reducing the public deficit. Specifically, the new executive would introduce a law framing current five years. And the statute imposes itself to the draft budget law (PLF) and the draft law on financing of Social Security (PLFSS) annually. "If the budget bill or PLFSS does not meet the defined path, they could be censured by the Constitutional Council," says one at Bercy.
Without repudiating the philosophy of the project, some members of the working group led by Michel Camdessus wish to amend it. They prefer to build a vehicle that already exists: the law of public finance program, including the second version is in preparation for the years 2011-2013.The Act defines a trajectory government deficit over three years and gives rules good governance, such as pledge new tax loopholes or tax cuts on savings elsewhere. Problem: the establishment, without consideration of the reduced VAT in restaurants has shown that the law had little weight. The idea would be to amend the Constitution so that the law needed to Multi PLF PLFSS and easy payday loans. With, as in the government's plan, the Constitutional Council, acting as a lookout. The difference with the law of framing? "The law multiannual runs over three years instead of five, which is more economically feasible.She speaks of actual deficits, while framing the law is based on structural balances, that is to say pensioners in the economy, which nobody understands, "said Philippe Marini, UMP rapporteur of the budget in the Senate.
Skip the election cycle
Another advantage: the law is part of a multi-year regular who, in 2011, is linked with the stability program sent to Brussels. One way to reduce dependence of the electoral cycle. However, some members of the Committee Camdessus have a different vision. Gilles Carrez, UMP rapporteur of the budget to the Assembly, wants only the governance rules of law binding on other multi-texts: "The deficits are too sensitive to economic trends. By cons, it must make mandatory rules of conduct. "The members have three weeks to agree before issuing their report.The question is whether the government will agree to a reappraisal.
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Nikkei were down 1.72% at 10,910 points, Hang Seng down 1.58% at 21,519 points, Singapore Strait Times, 1.45%, to 2963 points, and & P / ASX austrialien, 1, 34% to 4918 points … The major stock market indices of the Asian region skid, while the SEC, the U.S. stock market authority, says the bank Goldman Sachs for fraud related to subprime. A procedure that opens others, spreading the shock wave wiped throughout the weekend by the news.Other banks, like UBS, Deutsche Bank and Merrill Lynch, could also be investigated by the SEC, the Wall Street Journal.
In addition, expectations of rising interest rates in several countries in the area, where inflation is threatening more and more, reduce appetite for risk that investors had recovered in recent weeks, analysts of HSBC.
Oil retreats always
Crude prices were down sharply Monday in electronic trading in Asia, continuing their decline last week, dealers said.
In morning trading, a barrel of light sweet crude for May delivery fell by 1.49 dollars to 81.75 dollars while Brent North Sea with identical maturity, yielded $ 1.11 to 84 $ 88.
On Friday, oil prices had fallen back sharply in New York, a barrel of benchmark dropping more than two dollars in closing an index of consumer confidence in the U.S. amid disappointing and marked increase in U.S. currency.
The China National Petroleum Corporation (CNPC) has signed an agreement with Caracas to support the extraction of oil for 25 years in the region of the Orinoco Belt, Venezuela. Cost of operation: 20 billion dollars.The oil production at the site would represent 2.9 billion barrels, according to the Chinese company.
Toyota will pay
Japanese carmaker Toyota (-2.16% to 3,615 yen) will pay a record fine of 16.375 million (12.2 million) dollars imposed by U.S. authorities for several months in hiding for his problems accelerator, officials said Sunday night from government sources.
"By paying the entire civil penalty, Toyota accepts responsibility for hiding the safety issue of road safety agency, in violation of the law," said a senior U.S. Department of Transportation.
The Japanese automaker has also recalled some 870,000 Sienna minivans type in North America last Friday.
