Icelandic volcano: the airline industry trembling - May 23, 2011

«Remake? The eruption of a volcano in Iceland this weekend has reawakened memories. A year after Eyjafjöll, Grímsvötn spits a cloud of ash. Already, the Icelandic airspace has been closed since Sunday morning, the capital Reykjavik is affected since Monday, and the Norwegian traffic is disrupted. According to the European Aviation Safety Eurocontrol, the ash cloud is expected to reach northern Scotland on Tuesday and could hit western France and northern Spain on Thursday.

Secretary of State for Transport has warned Thierry Mariani: "what is safe (…), the day when Europe will be affected, there will be flights canceled," he told Europe 1. "There will be no problems in France in the next 48 hours," he said.

But already, the entire European airline industry trembling. On Monday morning, on the European stock exchanges, airlines show counters to red.e asyJet picks of 5.43% and IAG (Iberia Airlines and British) 3.7% fall of 4.37% Lufthansa and Air France-KLM fell nearly 4%.

Little risk of such paralysis in April 2010

It must be said that the economic consequences for companies were heavy last year: with more than 100,000 flights canceled in the world, the air blockade, although contested – dust could bring down the engines failed – had mounted the invoice about 1.2 billion euros for the only airlines. Just for Air France, blocking him every day was costing 35 million euros.

For now, there is nothing to say whether the extent of damage that will cause this eruption that occurred équivlente in April 2010. Admittedly, the latter is the most powerful eruption of the volcano since 1873, but the smoke is thicker less dispersible, and winds are favoralbes according volcanologists and meteorologists.Thus, experts believe that there is little risk that such paralysis occurring in both "in space and time." This morning the Grímsvötn is still active, even if the power of the eruption is smaller than it was yesterday morning, it is comparable to what it was last night, about 10 km altitude .

ALSO READ:

"Iceland: The cloud of ash could reach France

"Volcano: little impact expected on the air

"Volcano: Cancellations to be expected (Mariani)

"Icelandic Volcano: the danger was real planes

Greece: Brussels plans to pay the market - May 18, 2011

The idea of ​​a possible debt restructuring Greek gaining ground in Europe. "If a restructuring of government debt is not on the agenda, an initiative to keep intact the exposure of private investors in Greece could be conducted," said the Commissioner for Economic and Monetary Olli Rehn Tuesday night, following the summit of finance ministers of the euro area.

The president of the Eurogroup meeting of finance ministers from the eurozone, Jean-Claude Juncker, is on the same line. If Greece led the necessary reforms and privatizing 50 billion euros of assets, "we will see then if it is possible to have a fresh restructuring of the Greek debt," acknowledged Jean-Claude Juncker.

It would offer to investors who wish to accept the refund Athens over a longer period than expected.Enough to give them greater assurance of being repaid eventually and alleviate future payments in 2012 and beyond. Athens faces a wall of debt in the coming years.

Seeking employment candidate desperately - March 30, 2011

Job postings are up to APEC since the beginning of the year? For businesses, this rebound in employment is synonymous with "creativity" and "originality" to recruit "talent" they need.

Atos Origin, a leading IT services players, is in full promotion of his "Talents Days" in a dozen cities in France. The group is seeking 1,500 new employees this year for the French market. Thursday, it will open near Paris in Bezons the doors of its campus, to find 800 good recruits. Applicants are invited to submit their applications on the site www.talentdays.fr, specifying the items that interest them. The IT group provides' direct contact and a quick return to their requests. "

Other specialist technology consulting, Akka Technologies offers this weekend to challenge his lucky year, three days of skiing at Serre Chevalier.This is the first step to a possible recruit for some 150 engineers. Specifically the students in their final and penultimate year of a thirty engineering schools have registered on-www.challenge akka.eu to earn their place. In Serre Chevalier, between courses, ski trips and competitions, they will have every opportunity to meet with leaders of the group and to explore different careers online payday advance.

3000 vacancies at Groupama

At each company, its technical recruitment. The distribution brand Leroy Merlin plays the card of the opening of its stores to its future employees. From April 2 to 9, 26 stores are the Ile de France who are committed, with 500 vacancies in the key. Recruitment sessions collective spaces jobs jobdating, the group's businesses northerner go out to meet candidates.A dedicated website allows everyone to register.

Groupama, which just held – early March – his first jobmeeting in Paris, do not regret this. The insurance group has met with 600 candidates to present its businesses and its 20 companies. Other such meetings have already taken place almost everywhere in France (Nantes, Lille, Bordeaux and Lyon), when 3,000 recruitments are planned in France in 2011 and 2012.

ALSO READ:

"The job offers to top executives

"The companies in which to work in 2011

"VIDEO -" In an interview, be stressed "

Alcohol increasingly popular in the Gulf - March 21, 2011

Taking advantage of the increased flow of tourists in the Arab, the world leader Diageo liquor has increased its sales in the Near East and North Africa by 16% over 2010. The Gulf region alone accounts for 44% of group sales. After the modest 6% rise registered in 2009, growth accelerated to sales in this region, mainly through the introduction of liquor into luxury hotels and the opening of a liquor store high range in the Dubai airport last December. The British giant, which sells brands including Smirnoff, Baileys and Guinness beer, is also in talks to open another liquor store in the duty free area at the international airport of Qatar.

"The Persian Gulf countries become important markets through international deductions that, as the Formula 1 Grand Prix of Bahrain or the World Cup to be held in Qatar in 2022. This gives us new opportunities, "says Jane Ewing, executive director of Diageo for tourism Modial and the Near East (GTME), indicating that the company expects to double its sales in the region over the next 5 years .

A strategy of non-alcoholic beverages

Diageo is not the only company to be present on the market of Gulf countries. The Dutch brewer Heineken has become famous in this area because it was part of the official sponsors of the European Championship football."Heineken is one of the main sponsors of the Champions League UEFA championship which is very popular in Arab countries," said John Paul Schuirink, communications manager for Heineken, adding that the association group of football was a way to reach customers in the Middle East. The group announced a net profit of 1.44 billion euros in 2010, up 41% compared to 2009, showing in its annual report an increase in its production by 12% for countries in Africa and Middle East.

Besides the liquor, the Dutch group also distributes under its own brand of soft drinks, including fruit drinks made from malt, became particularly popular among young consumers in Arab countries. Thanks to these drinks, Heineken owns nearly 40% of the beverage market in the UAE, 70% and 90% in Lebanon to Egypt.For the Dutch company, the market for Persian Gulf countries remains small, but easy enough to win with less intense competition.

Alcohol is forbidden by Islam, some countries in the Middle East, like Saudi Arabia or Kuwait, totally prohibit the marketing. In Bahrain or Dubai, foreign residents must obtain special authorization to buy drinks in shops alocoolisées with special licenses. These limitations do not hamper the producers: "Every country has its limitations. We are committed and we respect them, "says Jane Ewing Diageo, stating that these laws do not inhibit the growth of sales.

Japan: Production of semiconductors threatened - March 16, 2011

They are essential to the operation of computers, cell phones, tablet PCs or even cars and many household appliances. The semiconductor industry is the subject of much concern since the earthquake and tsunami that devastated Japan. The country provides its own 1/5th of world production, 40% of flash memory on the planet. The flash memory can retain data stored over a long period (several years) without being powered by electricity instead of computer memories (RAM) for example.Cheaper to produce than the RAM, energy efficient, compact flash memory replacing hard drives often for devices requiring a small storage space.

According to iSuppli research institute, the components affected by the disaster include NAND flash memory, DRAM, microcontrollers, LCD displays LCD and LCD components and materials.

In dozens of factories in Japan, production is stopped. Toshiba, which supplies a third of NAND flash memories in the world, announced it has cut the current in all its production plants, thus cooperating with the Tokyo Electric Power Company (TEPCO), which seeks to regulate energy demand. Only the group's headquarters and essential services to its business are always supplied with electricity.In addition, Toshiba semiconductor plant in Iwate in northern Iraq, remains closed without the group is able to predict a date for reopening.

The eight plants Sony have also ceased trading. For its part, Texas Instruments said Monday that production was suspended two of its factories and it would not find their level before the month of July. The group is, however, managed to redirect 60% of its production to other sites.

Transport destroyed

Most is the damage inflicted on the country's infrastructure that threatens the chain of production of semiconductors."While some real damage in the factories producing electronic equipment were reported, the impact [the earthquake] on transport infrastructure and energy will lead to disruptions in the supply chain," iSuppli analysis.

Even when the plants suffered little damage, difficulties accumulate to ship production by sea to source raw materials or even for the workers to go to their workplace. The Japanese government has warned that the closure or destruction of ports, airports and roads would have a "significant" on the country's economic activity.Manufacturers whose factories have been spared by the earthquake suffered power cuts that slow their activity, according to iSuppli, is notably the case of producing components for Panasonic LCDs.

Furthermore, Japan provides over 60% of the silicone used to manufacture semiconductor chips, said iSuppli. If the chain of supply of this substance is also disrupted by damage to the country's infrastructure, other semi-conductors could see production threatened as bipolar transistors and small signal.

A shortage of parts or components is expected, "which could raise prices or to delay production of our favorite gadgets, Engadget Cares, specializing in new technologies.

Two weeks stock

But the supply of semi-conductors should not miss before the end of the month: "The global supply chain has about two weeks stock of semiconductor components affected by the earthquake," said iSuppli. This is the case, for example, the South Korean manufacturer Hynix memory chips and Taiwanese Wintek, which manufactures the module iPad Touch 2. This does not prevent the two companies begin to seek other suppliers in South Korea or China.

The shortage has not be good news, prices have already begun to soar following the announcement of the stoppage of the plant in Iwate Toshiba, the price of 32-gigabit NAND has jumped 20% Monday and another 3% on Tuesday.DRAM, for their shares jumped 7% on Monday.

Meanwhile, the Japanese government tries to reassure investors: the Japanese Minister of Finance Yoshihiko Noda said that the markets fell in response to "transitory factors". "The production and economic power of Japan are not on the ground," said his side Economy Minister Kaoru Yosano.

ALSO READ:

"LIVE – The recent events in Japan

"Japan's economy is paralyzed

"Japan: Risk-chain for global growth

Hermes family pack crack - March 14, 2011

Bernard Arnault, boss of LVMH, has found an ally in the battle between the family heir to Hermes. Nicolas Puech, shareholder of Hermes, has said in effect open to any cooperation with the luxury giant, in an interview with the Journal du Dimanche (JDD). The heir to the fashion house did not show against this eventuality, provided that it is "the benefit of our house and she keeps her free will." A position which denotes the rest of the family who was a holding company to counter the surprise arrival of LVMH's capital.

Nicolas Puech is not conducive to the formation of a family holding company for LVMH counter. "I told my family confining our shares in a holding would have the disadvantage of depriving the family shareholders of their individual power control on management.Freedom of each is the best guarantor of our unity in the long term, "said Nicolas Puech.

The heir who owns 6% of Hermes, is the largest block of shares in the group, further emphasizes that it is not isolated from his family at this position faxless cash advances. The agency Bloomberg has in fact recently reported that about twenty members of the family refuse to return in the new holding company, representing 7% stake in the company. But Bloomberg did not disclose their identities. An unlisted company froze 50.2% of the 70% held by members of the family had been Hermes was established at the initiative of 52 cousins.

Moreover, the speeches of leaders of Hermes is usually marked by a strong hostility against LVMH and his boss Bernard Arnault. Patrick Thomas, managing director of Hermes, said in early March that his group had no contact with LVMH."The synergies with LVMH does not interest us," said the officer was at the presentation of group results. But the position of the heir dissident could change relations between the two groups.

In exchange, the luxury sector is particularly affected. The LVMH shares (-2.7%) and Hermes (-2.25%) fell back as their homollogue PPR (-1.5%).

Espionage: Renault could have been trapped in house - February 27, 2011

And if the Renault spy case was based on a simple internal settling of scores? Having missed so far, this track is not ruled according to a source close to the investigation quoted by Le Parisien on Saturday.

She says an employee of Renault 'close' to Michel Balthazar, former head of the division "upstream projects and services" of the company and laid off in January with two other executives, Matthieu Tenenbaum Rochette and Bertrand, was the author of the famous anonymous letter sent in late August at the direction of Renault.

"In May this year, I saw Michael Balthazard negotiate a jar of wine, claiming that if Bob Bell took advantage of F1, also wanted to enjoy it and feed his bank account," says the author literally. Without the quote, it also aims Matthew Tenenbaum."During another conversation, he (Michel Balthazar, Ed) spoke of a young man (Matthew Tenenbaum, Ed) which quickly understood how it works to fill his bank account," he adds.

Renault has made "mistakes"

Recognizing not have "no evidence", the "Raven" was threatening the management of Renault. "Without checking action on your part, I would not hesitate in a few weeks to send the letter to the press." But according to RTL radio, which obtained one of the anonymous letters, the document aimed Michel Balthazard contains "no details or overwhelming potential to advance the investigation."

Anyway, the contents of this letter plot."Who else but a close security service may Renault whether audits will be conducted?" Asks Maitre Thibault de Montbrial, lawyer Matthew Tenenbaum.

The Central Directorate of Internal Intelligence (DCRI), responsible for investigating this matter, and would guide his research on the environment "very close" to Michel Balthazard. A dozen people are suspected by investigators.

For its part, Renault, however, convinced he has been betrayed by three executives who allegedly leaked confidential information, now acknowledges having made "mistakes." And if the automaker had wrongfully dismissed three executives on false accusations from a "raven" still an employee of the group? This would then no longer one but two crises that the automaker should be managed.

ALSO READ:

"Espionage Renault: Carlos Ghosn is" shocked "

The State Council dismisses the solar - January 29, 2011

Power projects and large solar photovoltaic systems on roofs remain suspended until March 9, as requested by the government. The approximately eighty companies solar and association without borders ecology grouped under the collective "Hands off my panel" did not in fact been successful with the State Council. The judge Philip Martin on Friday rejected their petition calling for the suspension of three-month moratorium declared on December 9 by the government.

Reason Referee: no emergency justified to suspend the moratorium. The judge took "into account the public interest associated with reviewing the system of incentives to produce solar electricity," the statement said the State Council.Multiannual programming set a target of 5400 megawatts (MW) of installed photovoltaic end of 2020, said the State Council. Yet in late 2010, the "queue" of projects submitted by producers (excluding individuals) was a 5375 MW capacity. The supreme administrative court invokes the extra support to solar for the consumer but "without advancing any numbers," says Alexandre Faro, lawyer of several applicants.

Consultation at Bercy

The judge nevertheless acknowledges "that the decree could lead to the companies involved economic harm." "I invested about 200 000 euros in roofing projects in agriculture", explained last week, outside the hearing of the State Council, Charles-Louis Utruy, founder of the micro-enterprise Fransola payday loan lenders.The freezing of the queue by the government, "it is a year of work in the trash and all that money lost staff.

The profession was divided on whether to sue the decree. "We do not wish to participate in this action because we considered unproductive: he plunges into the profession even more uncertainty," says Andre Antolini, president of the Renewable Energy Association (SER). Meanwhile, the consultation meetings are linked to Bercy."Not everything is written," the president trusts the SER.

Thierry Lepercq, president of Solairedirect, like many of his colleagues, however, believes that "the government's intentions leave no room for discussion: lower prices and volumes for smaller plants, lower rates and also opening bidding for large installations. "The tender squeeze smaller players like us," says Charles-Louis Utruy.

And if the annual cap of 500 MW planned by the government is maintained, many firms will abandon the sun provides me Faro.The latter looks certain customers compensatory remedies ErDF cons (a subsidiary of EDF, which bought the photovoltaic current), ahead of the commercial courts, as entering the queue, producers received a guarantee of the purchase price before that the decree of December 9 cancel their projects.

The new rules are expected in mid-February.

France Loisirs is for sale - November 20, 2010

Staff representatives have been warned in a Group Committee. The German company has opened a data room for two months so that potential buyers can inspect the file.

DirectGroup France, which employs 4,600 people for a turnover of 635 million euros, is a leader in sales of cultural products with over 300 outlets payday loans for bad credit.

In 2008, Bertelsmann had already thought about the assignment of the branch whose pattern is attacked by the Internet.

Indeed, Bertelsmann has sold the activities of DirectGroup in North America in summer 2008 (1 billion euros of turnover) and introduces a partner in the Spanish subsidiary fast same day loan. In the first half of 2010, Bertelsmann welcomed the turnaround in its accounts, but stressed that its black remained DirectGroup.

Ruby multiplied redemptions in the oil sector -

The reconstitution of the downstream oil sector whetting the appetite of Ruby. Unknown to the general public, the independent French company, specializing in liquid storage and distribution of petroleum products, has just completed four acquisitions in quick succession for nearly 400 million euros. A significant amount, given the size of Ruby, who directed last year just under a billion in turnover, net profit of 47 million.

The last transaction, formalized on Friday, concerns the distribution activities of American oil to Chevron Caribbean and Central America. It allows Ruby to take a portfolio of 174 stations in Texaco, plus a stake in a refinery.Earlier, the company took over distribution activities of liquefied petroleum gas (LPG) Shell Southern Africa, Linde German in Switzerland and BP in Spain.

"The will of the majors refocusing upstream opportunities we offer. Our strength and our decentralized approach allows us to be particularly successful in regional markets free credit score. It is also our philosophy: to be hard on smaller markets rather than on large marginal, "says Bruno Krief, the chief financial Ruby.

Reassure shareholders

To finance this expansion, the company announced it would undertake a capital increase by the end of the year.If the amount was not disclosed, but Ruby says that this operation should cover "approximately one third of the investments made, while providing shareholders with strong growth in earnings per share and dividends."

Ruby, whose market capitalization has crossed this week the billion euros, intends to continue to focus its development on growth areas. "France is not our priority, both because most of the movements in the area have already been made and because the constraints to this type of operation are many," said Bruno Krief.