Archive for July, 2010

COR-Lafarge lowers its forecast cement demand

Friday, July 30th, 2010

Lafarge has lowered its forecast for 2010 demand for cement in view of the demand in the second quarter, during which the group's turnover fell 2% as organic. The first cement world now exceed its target of 500 million euros from divestments of non-strategic assets for 2010 and said ...

Lower earnings and sales of Thomson Reuters in Q2

Thursday, July 29th, 2010

Thomson Reuters Publishes earnings and quarterly sales decline, slightly below Wall Street expectations, but anticipates a return to revenue growth in the third quarter. Its current operating profit fell 17% to 655 million dollars (500 million) and earnings per share adjusted income is 47 cents against 58 cents in ...

The Elysee imposes a strategic alliance between EDF and Areva

Tuesday, July 27th, 2010

EDF and Areva will conclude a strategic partnership agreement covering all their areas of common interest in nuclear power, said Nicolas Sarkozy. The possibility of a stake in the capital of EDF, Areva will be considered in the context of this agreement, the Elysee said in a statement. ...

Orange and Canal Plus negotiate a partnership

Monday, July 26th, 2010

France Telecom and Canal Plus are negotiating a partnership that could see the two groups merge TPS Star and at least one channel from the bouquet Orange Cinema Series, Monday wrote Le Figaro and La Tribune, without citing sources. Discussions could be officially announced this week at the board ...

Great success of European banks to test resistance

Friday, July 23rd, 2010

Only seven of the 91 European banks subject to stress tests have failed and may need 3.5 billion euros of additional capital, according to test results released Friday by the Committee of European Banking Supervisors (CEBS). Five Spanish banks, Civica Cajasur, Unnim, and Espiga Diada, a Greek bank, Atebank ...

The business climate in the industry dates

Thursday, July 22nd, 2010

The business climate in the French manufacturing industry rose slightly in July, according to the business survey released Thursday by the INSEE. The synthetic indicator of business climate has gained two points to 98 and that for the month of June was revised up to a point.Twenty-four economists surveyed ...

Hermes raises its objectives, the rebound of luxury confirms

Tuesday, July 20th, 2010

Hermes International has raised its growth target Tuesday its sales for the full year given a second strong quarter came to confirm the rebound that began in the luxury sector. The company said it was now up 10 to 12% of its turnover in 2010, against at least 5% ...

The AC Delta disappoints, the stock drops

Monday, July 19th, 2010

The title Delta Air Lines, world's largest airline, plunged more than 9% Monday after the publication of a turnover that has disappointed investors. If the group announced it had returned to profit in the second quarter, thanks to the resumption of air traffic, its turnover has increased by 17% ...

The euro area has a trade deficit unexpectedly in May

Friday, July 16th, 2010

The euro zone recorded a trade deficit in May, as imports increased more than exports, Eurostat said Friday. The deficit amounted to 3.4 billion euros, with an export growth of 23% yoy surpassed by an increase of 30% of imports. The trade surplus in April was revised to ...

The EU validates the agreement between British Airways, American and Iberia

Thursday, July 15th, 2010

The Oneworld alliance members British Airways, American Airlines and Iberia have obtained the green light Wednesday from the EU to deepen their partnership, after agreeing to divest a number of slots on transatlantic routes. The European Commission has also approved unconditionally the merger between British Airways and Spanish Iberia. ...