"It's a gradual recovery in line with our expectations in an environment that is becoming," said Luc Vigneron, CEO of Thales. France and Great Britain, where Thales is firmly established, and Germany are considering a reduction in their defense budgets. Faced with this gives the group confirms its commitment to expand internationally. "We are continuing our campaign to improve our performance and want to take advantage of growth areas in emerging countries," said Luc Vigneron.

The group confirmed its 2010 targets. The sales will be stable, the operating profit margin would be 3 to 4%."An operating profit of 3 to 4% corresponds to a net positive for the group," said Patrick Durand, CFO. Thales has a loss in 2009.

Two contracts uncertain

While the group has already Saffron rebound airline, Thales will benefit later recovery of the aviation sector. It is possible that the group is obliged to take further charges for two contracts, "the situation is still somewhat uncertain": Meltem contract signed in July 2003 with Turkey on the one hand, the contract signed in July 2004 for the military transport plane A400M ordered by seven NATO countries (Germany, France, Spain, United Kingdom, Turkey, Belgium, Luxembourg), on the other. "Discussions are under way with Airbus business," said Luc Vigneron.The President of Thales said that the group has been in question had also been penalized by delays to the A400M.

Thales, which has won three contracts in excess of 100 million euros in the first half of 2010 against nine for the same period in 2009, expected completion in the second half of the supply of 81 satellites in the Iridium group. A contract of one billion euros.

Saffron is still determined to seize Zodiac

Saffron is always seize Zodiac. Jean-Paul Herteman, Chief Executive of the group of aerospace and defense, confirmed Wednesday that a rapprochement with Zodiac absolve synergies. "We make time to convince," said Jean-Paul Herteman. The battle is difficult. The supervisory board of Zodiac refused unanimously on July 11 a merger offer.Didier and Olivier Domange Zarrouati, respectively Chairman of the supervisory board and chief executive, believe that Zodiac may develop "not lean Safran or anyone else."

Optimistic after the publication of its first half results, Safran has also raised its annual forecast. It expects an operating margin of 8% against 7% previously. It provides a turnover close to that of 2009. "The performance in the first half lead us to revise our ambitions higher," said Jean-Paul Herteman. The group made a net profit of 223 million euros in the first half, down 20.6%.

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Elsewhere, the indices have evolved piecemeal. The London Stock Exchange, which opened down 0.37%, ended on a note steady at 5312.62 points. The DAX index of the Frankfurt Stock Exchange, which had also started the session on a decline of 0.27%, finished with a gain of 0.39% to 6166.34 points.The Madrid Stock Exchange, where banks are under pressure as the newspaper El Pais said in its edition today, regaining ground with a rise of 1.07% against -0.54% in early trade.

The waiting game surrounding the publication of results of stress tests of European banks calls for caution investors. On the currency markets, the euro back a bit against the dollar, under $ 1.29.

Asian markets have them selected more strongly green this morning. Yesterday, U.S. markets have done a great meeting at which time the Dow has gained almost 2%, relatively insensitive to the announcement of a surprise increase in weekly unemployment registration.

Consumption of French decline

In terms of macroeconomic statistics, the session looks very calm.No major indicator is expected in the United States.

In France, the French household consumption of manufactured goods fell 1.4% in June after the previous month was supported by purchases of televisions before the World Cup, according to figures published by INSEE before the opening markets. Throughout the second quarter, it shows a decrease of 0.9% after falling 1.9% on the first three months of the year. Analysts on average expected a rise of 0.2% in June

INSEE also believes that the request to industry has increased significantly in the second quarter but is expected to decline in the third.The balance measures the views of industrialists on the past evolution of aggregate demand was 9 in the previous survey in April to 17 in July, and 4-14 for foreign demand.

In Germany, business climate has improved significantly more than expected in recent weeks. The Ifo index rose to 106.2 against 101.2 in June (revised from 101.1 in the initial estimate) last month. Economists and analysts had expected decline to 101.6.

TF1 jumped after its results

Stress tests, however, occupy the banking sector.BNP Paribas (-0.06%), Societe Generale (+0.08%), Credit Agricole (-1.11%) and Natixis (+0.10%) are unsure about what direction to take.

Moreover, the markets will again this session to analyze several quarterly publications:

TF1 (6.41% to 12.45 euros) announced before market advertising revenues up 11% in the first semester for a total turnover of 1.28 billion euros, above consensus. Net income group share was 74 million euros over the period. The objectives are significantly revised upward with a turnover in 2010 rose by 7% instead of 4%.

STMicroelectronics (-3.58% to 6.49 euros) reported Thursday a profit above expectations at 18 cents per share, with sales up 27% to $ 2.53 billion.Analysts on average expected a profit of 14 cents per share and a turnover of 2.513 billion dollars.

Pernod Ricard (-2.34% to 62.61 euros) a statement on Thursday its forecast annual operating profit thanks to the improved economic environment and its position in emerging markets.Its turnover in 2009-2010 emerged, up 2% on a comparable basis.

Ubisoft (-0.07% to 6.97 euros) issued a revenue increase of 94% in the first quarter of 2010-2011, to 161 million euros and confirmed its objective of a sales draft 160 million for the remainder of the year.

BioAlliance Pharma (0.91% to 5.53 euros) announced a record turnover of 15.2 million euros in the second quarter against 1.5 million a year earlier, after recording in April in U.S. Loramyc, headlight treatment of fungal infections in patients with oral cancer or AIDS.

As for ads, Alstom (3.73% to 38.55 euros) said it had won contracts valued at about 450 million euros for the construction of two units for a combined cycle power plant in India.

Air Liquide (1.15% to 87.78 euros) announced Friday the signing of a new contract with Russian steelmaker Severstal for investments worth 50 million euros in total.

Legrand (1.86% to 25.68 euros) Thursday announced a takeover offer for Indo Asian Switchgear India, where he produced nearly 4% of its annual turnover after the acquisition. Indo Asian Switchgea aims for 2010 sales of more than 35 million euros.

Maurel et Prom (0.53% to 9.45 euros) announced Thursday it had increased to approximately 70 million euros the amount of its issuance of convertible bonds to five years following the full exercise of the option overallotment.

"Now I have to retire at age 62. This is not fair. After 60 years, it is too difficult physically, gunseli regrets. In construction, it is hard all the time.But hey, there's nothing to do, the government chooses. "Considering that life expectancy is lower than" people who work in offices, gunseli legitimate judge to keep a starting retirement at age 60.

"Tired and decreased"

An argument that includes Michael. But the latter, well aware of the contents of the bill, is more nuanced. "We are always obliged to take examinations. The 20%, it will remain an exceptional measure for people who have major injuries, "he laments. The measure should be more flexible. Special schemes and benefit from generous, all we have to work longer. "But then he admits:" Even if you do the same job, it's normal that leave those who are injured early retirement."

Between trips to the doctor, prosthetics and rehabilitation, Michel, as gunseli, admits however, "tired and down." "Clearly I can not do the same work that 20 years!" Jokes the mover, who, despite a slight limp, does not meet the criterion of 20% disability.

And this is probably the real problem: lack of prevention and management of workstations, to avoid the burnout. "It does not exist in the world of work! You're there to produce "wryly Michel. Accustomed to carrying heavy loads and repetitive work and stressful, the fifties suffers from chronic back pain and a persistent knee pain."Every time I go see the doctor, it relieves me of the time, he says, but once you have an injury, no turning back is possible."

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Since June 19 last, the central rate of RMB, yuan's other name, is fixed daily by the bank that leaves fluctuate within a margin of plus or minus 0.5% vis-à-vis the greenback. Then she had gained 0.8% since that date, the Chinese currency fell Monday to its lowest level in two weeks, to 6.78 yuan per dollar.

The government fully controls the growth of his country. The measures taken to avoid overheating, especially in real estate, have borne fruit. The GDP (gross domestic product) grew by only Chinese 10.3% in the second quarter, against 11.9% in the first.

Wen Jiabao welcomes it, but he believes that his country because of "uncertainties" facing the world must "increase domestic demand, while stabilizing the foreign demand." But Monday, the State Information Center, an organization that depends on the Reform Commission and National Development, released a report which estimates that the growth of Chinese exports in the second half of this year will not exceed 16 3% by volume, against a leap of 35% for the first six months of the year. It does not explain its calculation, but it is clear that it expects a slowdown in trade flows in the world.It probably also fear the consequences of wage increases in Chinese enterprises on the competitiveness of the country pay day advance.

"We will pursue a fiscal policy that anticipates events and a lax monetary policy remains appropriately," recalled last week Wen Jiabao on the occasion of the visit of German Chancellor Angela Merkel. And to reaffirm its confidence in the euro area stressing that China was keen to diversify its huge foreign exchange reserves (2454 billion in late June) by buying other currencies than the dollar, Japanese yen and the euro particular.

Strong pressure

But the Chinese are concerned. The decline in consumer prices in the U.S. in June for the third consecutive month, makes them fear a risk of deflation in the U.S..Deflation, which leads consumers to indefinitely postpone their purchases and that discourages entrepreneurs from investing.

Beijing knows that long-term revaluation of the yuan will allow its exporters to improve the management of their enterprises to go upmarket and strengthen their competitiveness. This is the speech that he held the Americans and Europeans that add such an operation will also contribute to "reduce inflationary pressures from outside."

But in the short term the Chinese authorities think that the pressures are too strong. So, although it continues to assert that it will maintain a "regime of managed floating exchange rate, the speculation began to say that it will limit increases its currency to protect its exporters.

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Reacting on RTL, the health minister, Roselyne Bachelot, said Sunday it would propose an increase in tobacco taxes to counter the move by the industry when considering the budget bill. The minister, who denounced a "blow to public health", said she was "absolutely shocked".

Recalling that tobacco was responsible for 60,000 deaths a year, more than half due to cancer of the airways, Roselyne Bachelot said she heard "get cigarettes at a price deterrent.""Do not our mobilization efforts on public health is undermined by the initiative of industry," commented the minister.

"A health scandal"

The public health associations have criticized the approach on their side of tobacco. According to Bertrand Dautzenberg, pulmonologist, president of the French Office for the Prevention of smoking, the decline in the price of tobacco is "a marketing offensive to attract new smokers, particularly youth and women."

"Variations on the price of tobacco, which are the only effective lever for reducing consumption, are now in the hands of industrialists," he laments."This is a health scandal since this will automatically translate into increased consumption," adds Yves Martinet, president of the National Committee against Smoking (NCTC), which campaigns for "a new tax policy."

There are currently 29% of daily smokers and occasional 5% among French people aged 18-75 years. According to the French Observatory for Drugs and Drug Addiction (OFDT), the daily smoking for 28% of girls and 30% of boys and 17 years.

"And all indicators are now red," according to Professor Albert Hirsch, vice president of the National League against Cancer.The latest results from the annual survey conducted by the association without tobacco Paris, in partnership with the rector of Paris and the Fund's primary health insurance, and have recently shown a tendency to relapse to smoking among adolescents Paris, while the latter had given up smoking massively in the wake of the cancer plan.

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Inspectorate, currently held by the investment company 3i, is also present on the testing of petroleum products and petrochemicals (59% of its turnover), metals, minerals and agricultural products.The company recorded 2009 sales of 246 million pounds (280 million euros).

In a statement, Bureau Veritas claims that the acquisition allows it to position itself as "one of the world's leading inspection and testing of raw materials," a buoyant market, "according to Chairman Frank Piedelièvre group, whose potential amounts to 5 billion euros, according to the group saving account payday loan.

Inspectorate therefore give "a new dimension to the group that doubles the size of its laboratory network (330 sites) and now offers a range of services the industry's broadest assessment of compliance."

Bureau Veritas says that the transaction will be financed through existing credit lines and newly negotiated. The group expects a turnover of around 3 billion euros in 2010.It amounted in 2009 to 2,648,000,000 euros.

USA: growth "robust" in 2010 and 2011

On the foreign exchange market, the euro relapsing slightly in the morning against the greenback, hit by new fears over a deepening crisis in Europe.The European currency was worth 1.1942 dollars, against 1.1967 dollars the previous day.

Unsurprisingly, Ben Bernanke has confirmed the speech he gave Monday saying that the economic recovery appeared to be "solid" in the United States.

Heavy oil stocks decline

U.S. inventories of crude oil dropped more than expected last week, said Wednesday the U.S. Agency for Energy Information (EIA). Crude inventories fell 1.8 million barrels to 361.4 million. Economists on average had expected a decline of 900,000 barrels.

Today on Wall Street investors expect the Beige Book Federal Reserve, a report on economic conditions in the United States.Analysts said the report should confirm an increase in economic activity, but no sign of inflation, reinforcing the idea that the Fed is in no hurry to raise interest rates immediately.

After the disappointment of last Friday on the job figures, investors should pay particular attention to weekly figures for unemployment benefits to be published tomorrow payday loan.Among the major events of the week macroeconomic Friday, the market will face a survey about the mood of consumers.

On the side of values, the fast food giant McDonald's (+0.18% to 68.50 dollars) and the diverse group 3M U.S. (0.56% to 75.34 U.S. dollars) has warned that the collapse of the euro against the dollar would have a negative impact on their results.

Texas Instruments announced that its earnings and its turnover in the second quarter would be in the top end of its previous estimates.

The first U.S. carmaker, General Motors (GM) announced Tuesday the recall of 1.5 million vehicles worldwide, the vast majority in the U.S., for Fire Risk washer.

The U.S. giant Hewlett-Packard (HP) (-0.17% to 45.80 U.S. dollars) has launched a new series of printers capable of drawing paper from a mobile phone or other multi-function devices connected to the Internet.

Also note, the U.S. stock Constable, the SEC announced yesterday after the close that he could approve this week the creation of circuit breakers on trading platforms to avoid the repetition of "crash blitz last month on Wall Street, reported Tuesday the Wall Street Journal. For their part, the elected U.S. Congress to negotiate a version of the reform of financial regulation common to both chambers said Tuesday that those talks could be completed by the June 26 Bank stocks may react to this set of measures.

In the European storm, which contaminates the morale of investors around the world – in Asia, markets deep into red, and Wall Street has suffered more heavy losses – the euro continues its downward trend.

The fears of the contagion of the disease are increasing fiscal Greek daily.If the EU, the IMF and Athens agreed to "save the country from bankruptcy last weekend, the panic was due to global finances since the beginning of the week.

On Tuesday, the rumor "murders" that Spain could ask 280 billion euros in the IMF and could see its rating deteriorated by Fitch and / or Moody's has dampened the markets. Madrid and ratings agencies have denied. S & P himself has lowered its rating last week.

Then Wednesday, the storm came from the threat of degradation of the sovereign debt rating by Moody's from Portugal.

On Thursday, Jean-Claude Trichet, president of the ECB (European Central Bank) has failed to reassure markets quick cash.The Ibex-35 index of the Madrid Stock Exchange ended down 2.93% and the Lisbon PSI 20 downgraded from 2.37% to 6824.8 points.

The Athenian has taken place, the colors, gaining 0.98%, despite the strong social tensions in the country.

The euro to 1.25 soon

Since the euro has broken the support of 1.3280 earlier this week, the single currency dipped down. On Friday, it dropped below $ 1.27, to 1.2659 dollar per euro, far from 1.5144 dollars reached November 25, 2009. The Euro is at its lowest in a year deal with the sixteen major currencies in the world, and been fourteen months against the dollar.

Since 1 January, the single currency has dropped 11.4%.

"The next support is at 1.2450 dollar," recalls the president of Saxo Bank, Pierre-Antoine Dusoulier, and ensures that could be reached "very soon".

If the euro remains at levels "healthy for the European economy, this decline reflects the magnitude of the crisis in the Old Continent. Such differences in scoring so little time, are accustomed closely watched by the European Central Bank (ECB).

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Eric Louis – Megaman held its European network with an exclusive agent in each country. Cidelec is one of them. This choice allows Mega Man to keep the necessary flexibility and demand characteristics of each market and French market as we are concerned.

Cidelec side, why did you choose to import these products?

Megaman seeks innovative and impeccable quality of these products. Megaman is the only brand to produce all of its range in its plants and thus to control the entire production. Megaman, since its inception in 1994, is the only major manufacturer to produce only energy saving lamps. Megaman is now distributed in over 80 countries worldwide.Neonlite company holding the brand Megaman is a foundation devoted to sustainable development and education. All the company's profits are either reinvested in research and development to constantly improve our offer to be invested in associations and organizations dedicated to sustainable development and education. That all of these common values that we have decided to work together.

What standards are in force in Chinese factories?

Brand eco-citizen, Mega Man has all the international certifications (Management ISO9001, ISO14001 Environment …). Product quality is monitored by camera 24 24 to check life products. Each lamp undergoes a final test run of 30 minutes before being shipped. We guarantee maximum control to ensure the safety of users.Megaman fully involved in the preservation of the environment. In France, the Fondation Nicolas Hulot and Megaman have signed an exclusive partnership, Megaman pledging to support the actions of the Fondation Nicolas Hulot, the program "Climate and Energy Economy."

What are the characteristics of LED lamps for Megaman?

Megaman Lamps LED products have several advantages that allow them to make a difference on the market. Lasting up to 30,000 hours of life, they are a lasting solution with a rapid return on investment (an LED is made profitable in 6 months for professional use in 24/24).

LEDs are available in two Megaman shades of color: warm white (2800K) to habitat, and cool white (4000k) for tertiary No fax pay day loan.They enjoy exceptional color rendering, up to 92 in cool white. Megaman guarantees stability of the color temperature (+ / – 100K) at the end of life as the norm on the market is closer to 400k.

Thanks to the patented technology TCH (Thermal Conductive Highway), LEDs Megaman receive a reduced heater with heat dissipation from the surface and through the radiator reflector. The heater does not thereby exceed 70 ° C.

The use of 2 parallel circuits containing 64 micro-LED with different colors each can obtain a uniform light, diffuse and tasks without shadows.

What is your market share in France? Which circuit are you distributing?

Concerning the market for LEDs in general, we believe our market share to 3.5% (all types of lighting combined). This share reached 5.6% in supermarkets for DIY.Megaman has developed a range of LEDs Premium specially dedicated to the public. It will be available in the second half of 2010.

What are the strengths of your LEDs to the general public in a market coveted by the biggest names in electronica?

In a lifetime of 20 000 hours, the LED array Premium Megaman is specially designed for the needs of the general public. In a low energy consumption (from 5W) and enjoying a high quality diffuse light, it fits the budgets of households. After an initial investment, the consumer may benefit from use of nearly 20 years (3 hours per day) with minimum power consumption: more than 80% energy savings.

A few words about ELS …

Today ELS employs over 600 employees including 100 people outside China with offices in France, Spain, Great Britain and the United States.The ELS Group is dedicated to the marketing of lighting sources and recyclable energy saving. The desire to ELS is to offer its customers attractive products and efficient while respecting the values of man and nature. ELS CIDELEC parent company, then developed on the European market, South and North American, Australian … we have also set up a factory lights in Guangdong Province so naturally our headquarters needs to be central to So its activities in Hong Kong.

A topic "anxiety"

But the lines are moving in the majority.Thirteen UMP deputies said they would seek in a bill, the "suspension" of the tax shield to "finance the pension reform, reduce deficits and to support people in precarious situations. Jean-Francois Cope, the owner of UMP, which remains "very committed" to this device, does more to suspend the application "for a limited time, for a visit of solidarity.

The chairman of the New Center, Herve Morin, said that the question deserves "a full debate". The deputies and senators are centrists on the issue at the forefront, and that of the ISF. Jean Arthuis, the chairman of the Senate Finance Committee, has long called for the abolition of the tax shield and the removal of the ISF, with consideration for the creation of an additional tax on income at 45%.In the House, Charles de Courson, a specialist in budgetary matters, is on the same line as the president of the centrist Alliance for the ISF. But it does not require the abolition of the tax shield. He would prefer the way the CSG and CRDS shield calculated at fixed rates, and that the CRDS is increased by 0.2% to 0.3%.

Jean-Francois Cope,, recommended the merger of the income tax, the CSG and CRDS to reduce deficits and debt, which have become a subject of "anxiety" to the French. This was the observation that the majority elected to have the opportunity of the regional campaign. Cope also agrees with a repeated request of many of the elected majority, leaving the principal residence of the base of the ISF.