Archive for the 'management' Category
When he crossed the threshold of Honda Aircraft Company booth at EBACE business aviation held in Geneva until Wednesday, the visitor is first greeted by a car manufacturer of the third Japanese car.
Then appears the HondaJet painted red subsidiary of Honda Motor, determined to carve cruppers the American Cessna (Textron group) and Embraer on the market ; light business aircraft.
Honda has received over 100 orders for the seven-seat aircraft within three days after the program began in 2006 but has since remained quiet about the state of his book.
The Japanese embarked on a market segment that has especially suffered from the crisis of 2008, which does not seem unduly disturbing Michimasa Fujino, Honda Aircraft Company's CEO.
"The market for light aircraft is close to the automotive market in terms of business cycles," he said in an interview with Reuters. "Light aircraft are influenced by economic conditions, such as automobiles."
Honda plans to produce 20 units of its product by its first delivery scheduled for late 2013 and 50-70 in 2014, before reaching its cruising speed of a hundred a year from of 2015.
The manufacturer promises a device with a quieter and 20% fuel savings compared to competitive models.
"It's like cars: the cars more compact and more fuel efficient are the most popular," noted Michimasa Fujino.
Honda plans to take 10% of the market initially, and then award in the medium term from 15 to 20%.
Customers interested in the aircraft are not looking particularly to customize the cabin, as might be the case for larger aircraft, he noted.
"HondaJet design looks more like a car, which means that we try to provide an aircraft whose equipment is very complete," said Michimasa Fujino.
He believes the more the market potential of a light aircraft Bigger is not necessarily required for the path of a businessman going to a meeting by instance.
"It's like the car: you do not go necessarily to work with your large MPV", he said.
Michimasa Fujino said that companies were going more and more that have a light business jet they were very helpful.
"Perhaps the use of light aircraft will become more common in the future," he said. As for the car.
Capgemini announced Thursday a turnover up 4.5% at constant scope and exchange in the first quarter and confirmed its financial targets in 2012.
The leading European IT services aim has confirmed a further improvement in its operating margin in 2012 but with limited organic growth of its turnover due to the re tion of public spending in Europe.
Capgemini, one of the American competitors IBM, the Anglo-Dutch and French Atos Logica, conducted in the first quarter a turnover of 2.565 billion euros, up 9.2% at current rates and perimeter.
Order intake amounted to 2.145 billion euros, down over one year, but the ratio of new orders to figure `s business for the consulting, of the integration systems and community services is positive (1.02 for the group), Capgemini said in a statement.
The Capgemini share closed up 1.29% to 28.95 euros on Wednesday, giving a market capitalization of 4.51 billion. It has rebounded 20% since the beginning of the year after falling over 31% in 2011.
Atos has in turn confirmed the end of April all its annual targets after completing the first quarter organic growth of 2.4% of its turnover, driven by the infogé rance, Germany and the UK.
The Capgemini share closed up 1.29% to 28.95 euros on Wednesday, giving a market capitalization of 4.51 billion. It has rebounded 20% since the beginning of the year after falling over 31% in 2011.
The leader of PASOK, Evangelos Venizelos, announced Saturday its economic program a week early parliamentary elections in Greece, promising reforms on liberalization professions rather than tax increases.
The party of former Socialist Minister of Finance, who played a key role in the financial rescue of Greece by the EU and the IMF last year, is ahead in polls voting intentions by his conservative rival, New Democracy.
PASOK came to power in 2009 with nearly 44% of the votes, May 6 should get between 14 and 19% of the vote, voters blaming him for the harsh treatment of austerity imposed by the donor in exchange for their financial support.
Evangelos Venizelos took the reins of a party in February capilotade in succeeding former Prime Minister George Papandreou. At the time, PASOK enjoyed a popularity rating of just 8%.
The new leader pledged Saturday not to declare the general fall in wages and pensions as long as the country continues on the path of reform.
"No Greek citizen should live in fear of what will be done in June," has tried to reassure the Socialist leader, referring to the new crackdown announced for next month's parliamentary elections. "We pledge (on this point) and we assure you that no new tax will be imposed."
He added before a crowd of enthusiastic supporters: "On the contrary, we will focus on structural reforms in order to have a state smaller and less expensive, open market and professions ; s and to allow everyone free access to economic activities and production. "
Last week, the leader of New Democracy, Antonis Samaras, promised if he wins election to cut taxes and increase social spending while meeting commitments budget set by foreign donors.
New Democracy and PASOK are the only two major political parties to support the Greek bailout the nation's finances, which bends under the burden of debt.
Atos confirmed Wednesday all its annual targets after completing the first quarter organic growth of 2.4% of its turnover, driven by outsourcing, Germany and UK.
The computer services company, whose main competitors are Accenture and Capgemini, confirms this year include a slight organic growth of its turnover from the level proforma 2011 and is operating margin 6.5% compared to 4.8% on a proforma basis in 2011.
"We have confirmation now for three quarters as Germany, Eastern Europe, Central and Northern and the United Kingdom are now vehicles for growth, and continue to register a level 'satisfactory business, "said Gilles joined, executive vice president of Atos, during a conference call.
He told Reuters an acceleration of the group's organic growth in the second half compared to the first. He stressed the unfavorable comparative weighing of the second quarter, which has more public holidays in 2011.
The group achieved first quarter sales of 2.163 million euros, driven by organic growth of 3.9% of its center outsourcing (IT outsourcing) representing 45% of the activity.
Growth in Germany and the UK, its two largest markets, are also more than offset declines in the Benelux and France, which however had a recovery "in step".
Accenture has on his side out at the end of March a good resistance to its business in Europe.
Closely watched indicator, the ratio of new orders to billings (book-to-bill) stood at 107%, with a backlog of 14.5 billion euros at March 31, or 1.7 year of sales.
Gilles joined Atos has also stated its continued "close discussions" with Thales and Orange, the social project of "cloud computing" was approved Friday by the French government.
He said this could be done via Canopy, the partnership announced in February with the U.S. EMC and VMware in this activity.
"Cloud computing" ("cloud") is to store data in supercomputers called servers, grouped by hundreds of thousands in large premises belonging mostly to large IT groups.
WORLDLINE CRUCIAL FOR ATOS
Gilles joined also wishes to continue developing its cluster electronic payments and secure transactions, which includes Atos Worldline.
Rumors had been circulating there for ten days on this division following a note from Morgan Stanley essentially assuming that the integration of SIS, the IT division acquired from Siemens, promised to die pledge more synergies.
Gilles joined observed that these were "comments outside the company."
Atos Worldline is a "major division" Atos, which will help the group reach its operating margin target of 7% to 8% by 2013, he said.
"We are a management that is not dogmatic," but added Gilles joined. "It is our duty by definition never exclude any option that could accelerate and support the further development of this activity in our company."
Atos also aims to achieve a cash flow of around 250 million euros in 2012, against 194 million in 2011 to support an increase in operating margin and a tighter control of investment and working capital needs.
The action Atos closed Tuesday down 1.57% to 20.04 euros, giving a market capitalization of 3.69 billion. She has returned 30% since the beginning of the year.
Russia plans to give the International Monetary Fund (IMF) additional resources of over ten billion dollars but the exact amount will be determined in coordination with other emerging BRICS group says, has Saturday announced the Russian Minister of Finance.
"We have already said that the minimum contribution (Russia) would be 10 billion, the question now is to change this amount of increase to reflect the need for additional resources of the IMF" said Anton Silouanov to the press.
"We will coordinate with our colleagues in the BRICS and decide together what we can do," he said on the sidelines of a meeting between the IMF and World Bank in Washington.
The group said BRICS includes Brazil, Russia, India, China and South Africa.
The G20 countries have pledged Friday to provide the IMF additional resources of $ 430 billion to address the debt crisis in the euro area.
According to Anton Silouanov, most of this amount, $ 362 billion, had already been promised before. "We have about 70 billion" to distribute among the contributors, he said.
Emerging economies, which were far more recipients of aid, this time have joined the effort, even if they expect, in return, that their weight within the international financial institutions increased at the expense of that of Europe.
NEW QUOTAS
The G20 committed on this road Friday, promising that the voting rights of emerging nations, called quotas, will be raised at the summit of the IMF scheduled in October.
Russia welcomed the decision, even though she was careful not to make quota reform as a precondition for the payment of its contribution. The new quota system must be clear and understandable, insisted Saturday the Russian Minister of Finance.
"We propose that the quota calculation is based primarily on two main indicators, the size of gross domestic product (GDP) of each country and the volume of their gold reserves and foreign currency," said Anton Silouanov.
If such criteria were to be retained, Moscow's influence in the IMF would increase considerably, with Russia third of global foreign-exchange reserves, with 516.7 billion dollars.
Some countries of the BRICS group said, however, have argued in favor of a better consideration of the weight of GDP, acknowledged Silouanov.
"Many countries believe that further dialogue in this area. Some countries have a quota have no interest in it is recalculated and prefer, obviously, that we keep the current formula, without bring change, "he said
.
The International Monetary Fund should get, as expected, an increase of its means of at least $ 400 billion to take action against the global crisis. Executive Director International Monetary Fund Christine Lagarde expects its member states that the funds of the institution are "substantially" increased.
The International Monetary Fund is about to get financial support to match its requirements. To act against the global crisis, the organization has requested an increase in its resources. It is not yet certain that everything is sealed off Friday in Washington, which met finance ministers of G20 countries, but the organization seems poised to achieve, as it wishes, an increase in resources of at least $ 400 billion.
"Among the results of these meetings, we expect that our strike force is greatly increased," said Christine Lagarde Thursday, executive director of the IMF. "I know it is in a lot the subject of the day," she noted.
Finance ministers of rich and emerging countries in the G20 will discuss on Friday, after a first working dinner Thursday night. Christine Lagarde expects to have a number. And all indications are it will succeed in light of recent promises made public through several countries before the start of the spring meetings in Washington.
Additional means to help the euro area
Notable exception, the United States, the largest shareholder of the Fund, have refused to pay any extra dollar. The uncompromising stance of Washington has also forced Christine Lagarde to review its initial ambitions downwards, estimated in January after the needs of the Fund to some $ 600 billion.
"Today, there is less risk," she assured, even if Europe "is not pulled out of the rut." The French felt that this money would help address the problems of the world economy, including "high unemployment, sustainable in many parts of the world," growth "slow" or "of potential increases in oil prices".
Executive Director of the IMF did not name Spain in its list of "dark clouds" looming always above the global economy, but the situation there continues to preoccupy the international financial community. "If there is a need, the IMF must be there for all its members" but "there is no need of this kind at the moment," she assured, however.
The IMF can now hire up to 382 billion dollars, according to the weekly final point on its resources. But Christine Lagarde Lagarde, supported by the Europeans, want to add at least $ 400 billion to this total. She can already count on some 320 billion thanks to the commitment of Japan to the tune of 60 billion over the three Scandinavian countries (Sweden, Norway and Denmark), with just over 26 billion, that of Poland, 8 billion, and finally that of Switzerland and other countries not identified, to the tune of $ 26 billion.
European shares ended lower Tuesday, in response to statistics from the U.S. consumer confidence but more importantly to the decline in Total, which has stalled and resulted in values energy in its fall.
In Paris the CAC 40 showed a loss of 0.92% to 3469.59 points. Elsewhere in Europe, Frankfurt finally stable (0.00%), Madrid lost 1.03%, 0.56% and London Eurofirst 300 0.50%.
In the wake of Total, which lost 6%, the values of European oil and gas realize the worst performing sector of the day, with a loss of 2.37%.
The market is worried about the consequences of the gas leak occurred Sunday on the platform of the Elgin-Franklin French oil tanker in the North Sea.
U.S. consumer confidence fell in March and inflation expectations have never been higher for 10 months, according to the Conference Board index released Tuesday.
For its part, Wall Street pauses, ranging from missing a day after rising to peaks of nearly four years. However, the S & P 500 is on track to register its strongest quarterly performance since 2009.
Markets have also heard of another American Statistical relatively sluggish. The prices of houses have not changed in January, suggesting that this struggling sector just to turn the corner, shows the S & P Case-Shiller index released Tuesday.
Total accuses its biggest loss since December 2008, following discussions that represented a volume of five and a half times its daily average of 90 days.
"It reminds the BP oil spill in the Gulf of Mexico in 2010. Difficult to know the extent of damage at this stage but when in doubt, it is better to sell. The action does BP is never recovered, "said a trader based in Paris
. BG, which has a stake of 14% in the deposit Elgin, lost 2.9%
. Philippe Gijsels (Fortis Global Markets) emphasizes that portfolio adjustments at the end of quarter amplified gains in the FTSEurofirst 300, which makes it vulnerable. "This is the usual set of month-end, which imposes an upward pressure to the side and makes the market very overbought. I think the beginning of next term will see profit-taking, "he said
. For Lynden Branigan (Barclays Capital) would require the FTSEurofirst 300 plunges below 1,050 points to break the uptrend. But he is relatively optimistic and sees a buying interest occur between 1069 and 1072, the Friday low and the 50-day moving average, respectively, with resistance at 1109, the peak in March.
Italy and Spain have sold debt without concern Tuesday, what can be interpreted as a sign of market confidence in their ability to recover their public finances and reform itself.
Italy has placed 3.8 billion of zero coupon bonds to two years with a yield of 2.35%, the lowest since November 2010, against 3.01% during the operational previous generation.
Spain sold 2.6 billion euros of treasury bills at three and six months yields moving in opposite directions to each other.
The Italian paper, however, suffered in the secondary market shortly after the auction, traders were saying that the award came too soon after the big award of € 7.3 billion of indexed bonds last week.
The dollar rose slightly against the euro and more markedly against the yen, maintaining its gains despite a statistical lackluster consumer confidence.
This increase comes in a market hit and little fluctuation, traders cautiously gauging the remarks made yesterday by the Federal Reserve chairman Ben Bernanke.
Growth of the U.S. economy will have to accelerate job creation that do fall further unemployment, Ben Bernanke said Monday.
Oil prices have turned down after Bloomberg, citing an official from the energy sector, had reported that the U.S. planned to tap into strategic reserves ; cal.
U.S. officials have been saying for months that draw on reserves is one of the options available to address market disruption. Reuters reported this month that London was ready to work with Washington to take on strategic reserves in the current year.
No details were available on information from Bloomberg, which is not known whether it signals a change in tone or intent on the part of the U.S. government.
The leaders will present on Wednesday at Opel supervisory board of the European subsidiary of General Motors a project involving the closure of two plants in Europe to reduce by about 30% production capacity , it was learned from several sources informed of the discussions within the company.
PSA Peugeot Citroën, the new French ally GM meets Friday a European group committee three weeks after the announcement of the merger between the two groups, while unions' s question the social and industrial benefits of the project.
"GM repeats regularly with excess capacity equivalent to 500.000 cars a year, we have two factories in too, and the new manufacturing manager visited the sites one after the other by playing against each other, "said Thursday a representative union of Opel's supervisory board, who requested anonymity
. "We know the main points of the strategic plan that could be Wednesday presented: it includes plant closures and no growth for the company, "he added. "If it is voted, the entire union side will vote against this plan."
A GM spokesman declined to comment on possible closures, but reiterated previous statements of the group under which the management is working closely with unions and works councils to improve profitability.
A source at Opel said no decision had been made on possible plant closures in Europe, but added that the bargaining Management was extremely limited due to the current slump in the European car market.
"Business in Europe are really bad for the whole industry right now and there is no sign of reversal," said this source.
"When things go so badly, we must take action, so the question is not what we want or what the unions want, which is the context so requires."
"We can not afford to lose time."
PRESSURE ON PSA
Employee representatives can not block a decision by management, but they have already warned that the presentation of such a project would destroy the Wednesday born Negotiations opened so far.
Factories in Bochum, Germany, and Ellesmere Port, United Kingdom, are considered most at risk even if the chief executive of Opel Karl-Friedrich Stracke has de ; clared a few days ago that he would respect the commitment not to close any site before the end of 2014.
The managing director of GM Dan Akerson has repeatedly expressed his impatience with chronic losses suffered by the European branch of the group, which reached $ 747 million (563 million) the last year.
Earlier this month, he said that two years may be needed to restore the finances of Opel in the green.
For Dan Akerson, the European automotive sector has a total of between seven and 10 plants in too. The closure of one or two sites by GM could therefore increase the pressure on PSA for a commitment on the same track.
Interviewed in early March at the Geneva Motor Show on the possible eventual closure of one or more sites of PSA after the alliance with GM, Denis Martin, director of industrial group franç ais, nor had responded in the affirmative or the negative.
Plants PSA Aulnay-sous-Bois (Seine-Saint-Denis) and Madrid are considered most at risk in case of restructuring the group's production.
The question may also be asked to Sevelnord (North), where nothing is currently planned to fill the void let what Fiat, the Italian manufacturer has decided not to extend its partnership with PSA on the site beyond 2017.
The car wipes the biggest decline on Tuesday sectoral European markets, affected by fears of a slowdown in sales growth in Russia and China.
At 11:15, the European Index of automotive values lost 4.1%, falling from 4.98% to 5.45% of Daimler and Continental. In Paris, PSA yielded 3.6% to 13.265 Euro, Renault 3.72% to 40.010 euros, Faurecia 3.48% to 21.895 and 39.735% to 4.63 Valeo.
According to Deputy Minister of Industry and Trade Minister, Alexei Rakhmanov, auto sales are expected to increase only 6% in Russia this year to 2.8 million units, down sharply from to 23% increase over the period January / February.
Traders also refer to statements reported in the press, an official of the China Association of Automobile Manufacturers that growth of sales in China would be less than the 2012 target set by the association because of slower growth.
"People are afraid from these statements. But for me, it's not a real concern, the prospects in China remain excellent medium term "said an analyst
. Despite this decline, the automotive sector index still shows a 28% increase since the beginning of the year. Renault and Peugeot won 48% 43% over the same pe period
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India should seek to turn its airlines to refuse to participate in the program of the European Union to tax carbon emissions in the airline, said Monday , a senior administration official Reuters India.
China first allowed its air transport sector to participate in this program.
Since 1 January, all airlines flying from airports in the EU are subject to a trading system of emission quotas for greenhouse gas (ETS).
A company failing to observe these rules is liable to a tax of 100 euros per tonne of carbon emitted quota allowed. The EU ban of up to serve European airports.
If the EU were to proclaim such prohibition, she risks being subjected to similar retaliation from New Delhi.
"There are many things we could do if the EU did not return to his demands. We have the power of the economy. We not bleed as much as them, "the official said, adding that the Union's position would affect its economy and airlines
… …… The Indian government expects to receive formal approval from several departments before giving the order to its airlines not to participate in the program of the Union ……
… "The question is: are you (the Union) in bringing about a global trade war?", the official said ….. Beijing
…. The opposition to the European system of emission allowances has escalated last week with the cancellation of orders Airbus. ()
India does not provide for the time to reach such an end, but it does not exclude it either, the official said.
Amber Dubey, head of aviation at consulting firm KPMG, said that Indian industry was booming with a significant increase in the size of the civil and military fleets.
"The issue of EU ETS raises fears of trade war between the EU and the world. There is a chance that the government uses these big aircraft orders as a tool in its negotiations ", he told Reuters.
The European aircraft manufacturer Airbus, an EADS subsidiary, owns 73% of the Indian market of commercial aviation. He has in his notebook over 250 aircraft ordered by Indian companies, IndiGo, Go Air and Kingfisher.
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