Atos continues to grow with Northern Europe

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.

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Brazil, locomotive of the global economy

Exchanges of Brazil should grow twice as world trade over the next 15 years a cosmetics factory in Sao Paulo

The Brazilian economy is booming: according to HSBC Trade connections, Trade Forecast (February 2012), the Brazilian business know in the next fifteen years a growth of 163%, double that of world trade (86% ). Over this period, the country is expected to arrive in sixth place worldwide for the growth of its trade. This year, the growth of its economy expected to remain at 3% (as in 2011) and accelerate to above 3.5% in 2013, according to forecasts of Euler Hermes. The organization of the FIFA World Cup in 2014 and the Olympic Games in Rio in 2016 are short-term opportunities.

The big challenge for this huge country, rich in raw materials: building infrastructure (roads, railways, power lines) to open up the interior, where the raw materials, and link it to major cities growing, like Rio de Janeiro, Sao Paulo and Belo Horizonte.

Another government priority: to develop industrial production. The country is clearly positioned to become the leading producer of ethanol from sugar cane. The emergence of a middle class eager to consume is also a great opportunity for investors.

Are real opportunities for businesses … provided they are aware of the constraints: complex tax system, high taxes and powerful bureaucracy.

These obstacles do not discourage emerging countries like Vietnam and Indonesia but especially China, whose trade with Brazil expected to increase substantially in coming years. The proof is opening this year's huge port complex Superporto do Açu, one of the largest in the world, and already dubbed "the highway to China".

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Volksbanken lost 1.35 billion euros in 2011

The Austrian bank in difficulty Volksbanken, which the State is about to take a significant minority stake, said Thursday it lost 1.35 billion euros in 2011.

This result is at once the fact of past depreciation on its activities in Eastern Europe and losses on Greek sovereign debt and other bad debts .

Once the fourth largest bank in Austria, Volksbanken failed to European stress tests last year.

The anticipation of a heavy loss and the slow restructuring of the bank in February led the Austrian government to launch a rescue plan that will cost over a billion euros to the state and will mean for current shareholders by the loss of more than 70% of their assets. 

In November, the bank said that its loss in 2011 would be higher by at least 10% in the range from 900 to 1,050 million euros given in October.

Taking into account the recapitalization of the bank, which must be approved at a general meeting called for April 26, 2011 the loss is reduced to ; 53.5 million euros, said in a statement Volksbanken.

After the bailout of the institution, the majority of the capital should remain held by regional banks, taking the state for its part ownership of more than 40%.

Vienna will therefore be entitled to appoint four members of the Supervisory Board of Volksbank. According to a financial source, including the Austrian government will bring Gertrude Tumpell-Gugerell, former board member of the European Central Bank (ECB), the bank board.

In the eyes of rating agencies, the importance of the financial sector in Austria is one of the risks to the country's sovereign rating.

Standard & Poor's withdrew its Vienna "AAA" in January and Moody's said she could do the same.

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European shares end in the red

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.

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The good business plan of "The Artist"

With over 75 million dollars in revenue, "The Artist" is already highly profitable. But this should not stop there. Jean Dujardin with his Oscar for "The artist"

The phenomenal success of "The Artist" is obviously the happiness of the actors, director, writers, and especially of those who funded the film.

The least we can say is that the investment proves profitable. Approximately $ 15 million was spent on production, which must be added the 20 million needed for the promotion and distribution. And to date, the film has already earned $ 76.5 million worldwide.

Yet it is only the beginning, and we are moving towards more huge profits. Because different rewards, and in particular received five Oscars Sunday night, should significantly boost revenues. As highlighted in the newspaper Les Echoes, the example of "Chicago" in 2003 in this direction.

The musical was indeed the same level of income (about $ 75 million) as "The Artist" at the ceremony, where she had picked up six statues. The profits are then soared, reaching $ 307 million worldwide. Same conclusion with "The speech of a king", awarded last year and whose income totaled $ 414 million.

The box office, which currently amount to over two million in France, should experience a marked revival. United States also, and a little all over the world. While one should perhaps not be paid in the euphoria of the Atlantic, where the popularity of the film remains mixed.

The DVD, scheduled March 14, should also meet a great success. A nice bonus in preparation for Jean Dujardin and his cronies, who have not finished surfing on the wave of success.

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Unemployment up 0.5% in France in January

Unemployment continued to rise in January in France, according to figures released Friday by the Ministry of Labour and job center.

The number of job seekers in category A (those who have carried on any activity) increased by 13,400 (+0.5%) last month in France compared to the month of de December to $ 2,861,700. Over one year the increase stands at 6.2%.

Taking into account persons engaged in a Pool (Class B and C), the number of jobseekers rose by 0.1%, or 4,800 more people to reach 4,258,200 (+5.5% yoy).

With the overseas departments, the number of unemployed stood at 4,525,900, a figure significantly in two months of the first round of the presidential election.

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The excess fees of the public hospital charges

Some doctors in French public hospitals do not hesitate to charge transactions at prices well above normal. The hospital in Lille Claude Huriez

A cataract operation charged 1,490 euros, while Social Security pays only 272 euros? This is not the price of a private clinic, but rather that of the Hotel Dieu in Paris. A public hospital. And these seem to be common practice, according to a study published in the magazine "60 million consumers," which highlights the excess fees to certain astronomical practitioners. Hospital doctors more greedy and round their monthly income to the tune of 70,000 euros per year.

This shift is made possible by the Debré Law of 1958, which allows practitioners to hospital to have a private practice in public institutions, up to 20% of their time. Some have therefore fully optimized, such as a knee operation, paid 555 euros for social security, and charged 6000 euros. Specialists in knee and hip have understood the principle: for a transaction of this type, the rate can reach twelve times the amount reimbursed by the safety!

These practices are also not gone unnoticed, and the owner of health insurance, Frederick Roekeghem wrote to doctors whose rates are excessive. With the threat of a sanction if the National Council of the order does not act quickly. Meanwhile, the patient is the first victim of these abuses.

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First contraction in two years for the Spanish economy

The Spanish economy contracted in the fourth quarter of 2011, for the first time in two years, according to economists foreshadow a prolonged recession for the country, weighed down by fiscal austerity.

The gross domestic product (GDP) of Spain fell by 0.3% over the last three months of 2011 on a quarterly basis, after remaining stable at third quarter, according to official figures released Thursday.

On an annual basis, gross domestic product grew 0.3% from October to December, in line with expectations of economists polled by Reuters and after annual growth of 0.8% last quarter. 

"Given the necessary fiscal consolidation in the country and the pressure this causes on domestic demand, it will be very difficult for Spain to avoid a recession," said Nick Matthews, economist for RBS.

The economy of the entire euro zone shrank by 0.3% over the last three months of 2011 and appears headed for a mild recession under the weight of the debt crisis, according to Eurostat figures published Wednesday.

These figures showed that Italy now responds like Belgium, Greece and Portugal to the technical definition of recession, with two consecutive quarters of decline in GDP. 

In Spain, surveys by Markit purchasing managers to have shown a slight improvement in manufacturing activity and services in January, but this may not be sufficient to stimulate an economy mired in recession or stagnation for nearly five years.

Spain enjoyed a higher growth than its neighbors since joining the monetary union 12 years ago, but this expansion was largely due to a housing bubble, that erupted in 2007.

Over the full year 2011, the country recorded a growth of 0.7%, after contracting by 0.1% in 2010. 

But in the fourth quarter of 2011, only exports continued to grow, and they are likely to suffer from the slump in global demand.

According to the International Monetary Fund, the country's economy expected to contract by 1.7% in 2012, mainly because of the austerity measures implemented by Madrid to avoid ê in turn be a victim of the debt crisis.

The new Spanish government seeks to reduce the budget deficit to 4.4% of GDP, as against 8% in 2011, which would require savings of about 45 billion euros.

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For Merrill, another agency could lower the rating of the United States

The United States will lose their triple-A from another major rating agency by the end of the year in the wake of the decision taken in this direction by Standard & Poor's in August, analysts said Bank of America Merrill Lynch.

The trigger for this downgrade, which will come from Moody's or Fitch, will probably be the inability of Congress to agree on a credible long-term plan to reduce the deficit of the United States, said in a note to the bank published Friday.

The United States lost their triple-A in early August for the first time in history, Standard & Poor's lowered its rating to AA +.

"The rating agencies have strongly suggested that further declines were likely to note if Congress did not leave a credible long-term," wrote Merrill economist for North America, Ethan Harris.

"We expect a decline in credit rating late November or early December with the crash of the great commission," he adds.

The bipartisan commission of 12 members of Congress made the issue of challenge, known as "super committee" to reconcile the positions of Democrats and Republicans to reach an agreement on reducing the deficit of at least 1,200 billion dollars by November 23.

If the majority of the board fail to agree on a plan, 1.$ 200 billion in budget cuts will be automatically switched from 2013.

Reductions in government spending will weaken even further the U.S. economic recovery, says Merrill, which now provides an economic growth of 1.8% in 2012 to the United States and 1.4% in 2013.

Moody's Investors Service, the Aaa rating on the United States, is accompanied by a negative outlook, said the decision of the commission was not the only factor studied.

The agency also will look at the results of the presidential election and the expiration of tax cuts of the Bush era end of 2012 to decide on the note.

A failure of the super-committee would be "negative information but it is not decisive for our opinion on the bill," said Steven Hess, Moody's Senior Analyst for the United States last week.

Fitch Ratings on the other hand a stable outlook on its AAA rating of the United States, so that the agency should first lowered its outlook to negative before a downgrade itself.

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Sarkozy announced cuts in charges for farmers

Farmers will benefit from a reduction in 2012 of 210 million euros in salary costs. The money will come from future tax soda. French market gardeners dumped in their fields of cucumbers not sold, shunned by consumers as suspected carriers of E.coli

The government intends to give air to the agricultural sector. It will reduce payroll taxes in 2012 weighing on permanent farms, totaling 210 million euros. "This is to improve their competitiveness," Nicolas Sarkozy said Tuesday in a speech delivered at the rural Aubusson (Creuse).

The goal is to "improve the competitiveness of farmers into entrepreneurs, so they continue to produce quality products they sell in all markets of the world and so we have a sustainable agriculture that will live on fruits of his labor and not the result of subsidies that keeps on top of (his) head, "he justified. This fall "will be applied next year and will be subject to amendments to this budget law," stressed the head of state, "so it's not a promise, it is a decision ". "The 210 million euros of exemption from the farms will be financed with proceeds from such tax on soft drinks," also said Mr Sarkozy. "It's normal that when we plan to support, its financing is expected because otherwise we led his country to ruin and I was not elected for that," he said.

During his speech, the president also criticized the agricultural subsidies. "Agriculture, he was drugged at the" subventionnite. "Yes, it's a drug disrespectful know-how of farmers who never asked to be assisted," he said.

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