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.
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A Alelmand on two rather see Nicolas Sarkozy won the presidential election, a four qur Francois Hollande. Others do not care.
A German on two rather see Nicolas Sarkozy won the French presidential election and 55% of Germans support the policy of fiscal austerity Angela Merkel, according to a poll published Friday. According to the survey published in the German daily Die Welt, the German answer to 50% "Sarkozy" to the question: "What French President, the German perspective, would be the best choice?".
Of those polled, only 24% cite Francois Hollande. Other (26%) do not know or are not interested in the subject. When asked what they think the appropriate policy in this time of crisis for the euro: "maintain a policy of fiscal austerity or launch programs for growth," 55% of respondents advocate rigor advocated by Chancellor Angela Merkel . Only 33% say they prefer growth programs.
The survey was conducted among a representative sample of 1,004 people between April 30 and May 1.
Germany experienced between 2001 and 2011, the smallest increase across the EU, with an increase of 19.4%, while hourly labor costs in France rose by 39.2%, more than double the same period. A poster of the employers' union Verdi against the introduction of a general minimum wage in Germany
Germany experienced a decade of more moderate growth in labor costs of the entire European Union, according to statistics released Tuesday, but the hourly labor cost is one third higher than the European average. One hour of work in the private sector cost 30.10 euros for German employers, a figure of 32% above the EU average and that places Germany seventh among 27 EU countries, according to these figures published by the Federal Statistical Office Destatis.
Compared to the great French neighbor, the labor cost is 12% lower and 23% lower than in Belgium, the leading EU countries. Germany experienced between 2001 and 2011, the smallest increase across the EU, with an increase of 19.4%, while hourly labor costs in France rose by 39.2%, more than double the same period, according to Destatis.
German wage moderation is a key factor in the competitiveness of the country, including its industry. The downside, often cited by the unions, wages are low, in the absence of widespread minimum wage and an increasingly precarious, with greater use in some industrial sectors in labor and temporary work.
China widened the fluctuation band of its currency. A measure to reassure the markets following the slowdown in growth, but also a real business strategy. Interview with Sebastien Barbe, senior economist at Credit Agricole-CIB. Doubling the maximum fluctuation of the yuan is a diplomatic act, with a real strategic significance …
China conducted today to double the ceiling of fluctuation of the yuan. Should we consider the measure as a real movement towards liberalization of the Chinese currency? What impact will the measure on the evolution of the currency? Our questions to Sebastien Barbe, senior economist at Credit Agricole-CIB.
As of today, the yuan is really undervalued, or does it happen, as claimed by Prime Minister Wen Jiabao, to its equilibrium level?
It is difficult to answer this question with certainty. We lack precise figures which we can really conclude. This is indeed some, however, is that the yuan is much undervalued than five years ago. China has actually taken steps since constant progressive revaluation of its currency. If during the subprime crisis the exchange rate with the dollar was frozen, the yuan has appreciated against many currencies of emerging countries over the period. It is better to resonate well in terms of real effective exchange rate.
Doubling the maximum fluctuation of the Chinese currency translate into a genuine process of internationalization? Does it not rather a symbolic approach?
In reality, these two aspects will play. But the increased ceiling remains above all a measure of scale. Eventually, the Chinese will be able to fluctuate even more their motto. This is a significant step towards liberalization of the yuan. If in the future the Chinese are more confident about international politics, they are probably glad to have introduced this measure. It is a reform that will eventually play and count. At the moment, it's more of an accompaniment of the process of internationalization of the yuan. The symbolic is seen in turn at different levels. A message of confidence, first, compared to the rate of growth. A willingness to reassure the markets, while China's growth tends to slow down. By extending the maximum fluctuation of the yuan, they take the chance to see their currency appreciate more, which would hurt exports and thus their international trade. It's a real soft landing that is looming for the Chinese. We can then analyze this decision as "an act of economic diplomacy" aimed at their trading partners. If China loose a little ground on the control of its currency, it will have greater legitimacy to demand a return to its partners, by being much more demanding. Specifically, it could expect from Europe, its largest importer, that it demonstrates a much better coordination. The measure is reflected, and will add weight to China in its trade relations.
While doubling the currency became effective today, the yuan was at the opening down to the dollar. How do we tend to expect in the future?
The assessment should continue, perhaps not spectacularly, at least as concerns about the European market will also remain strong. Europe is the largest importer of China, a major evaluation on the rise of the yuan should now be discounted. Within a year or two, things may have to evaluate more quickly. To give you a figure, we believe that the yuan could appreciate the full year from 2.5% to 3%. Even up to 4.5% in the event of Europe show signs of recovery. But to date, caution should remain the watchword.
Volkswagen has further increased its stake in truck manufacturer MAN, as part of its planned merger of its two main activities of trucks.
The German automotive group now owns 73% of the shares of MAN and 71.08% of the total capital, MAN announced in a statement Friday.
Volkswagen previously held 55.9% of the voting rights and 53.71% stake.
VW wants to increase integration between MAN and Swedish Scania, he also controls, in order to save at least € 200 million in procurement, production and research and development.
In addition, the Wolfsburg group wants to encourage cooperation between the two truck manufacturers and its own activities to create vehicles capable of exceeding a set Daimler and Volvo.
Volkswagen holds 71.8% voting rights in Scania and 49.3% of its capital.
MAN has declined to comment, a spokesman for Volkswagen could not be immediately available for comment.
TPSA has renamed itself Orange before Poland hosts the Euro 2012 late June, hoping to compete with an integrated offering, said Thursday the CEO of the subsidiary of France T LECOM.
"Selling Orange and TPSA separately is not very sensible economically," he told Reuters Maciej Witucki. "Customers expect a bundle of four services, which is why it is better to sell them under one brand."
"Rename the brand was included in our 2012 budget and we confirm our objectives," he added. "It will be neutral on our EBITDA and we also confirm our objective of slowing the decline in revenues this year."
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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The tender rate to ten years back below 3%
France has raised a total of 9.479 billion euros, when issued to Treasury bonds (OATs) due 2017, 2019, 2022 and 2026, announced Monday the Agence France Trésor in a statement.
This is the third award in the long run of the year. On the line OAT 4.25% maturing October 25, 2017, tenders served primarily by the Treasury (ONC) totaled 233 million euros, bringing the total of the auction to 1.058 billion euros at weighted average rate of 1.91% against 2.42% in the last similar operation on 1 December.
On the line at 3.75% maturing October 25, 2019, the ONC totaled € 343 million bringing the total amount of ajdudication to 1.593 billion euros at weighted average rate of 2.48%. AFT does not provide a comparison on this line.
On the line at 3.00% maturing April 25, 2022, the ONC totaled 620 million euros, bringing the total of the tendering procedure to 4.535 billion euros at weighted average rate of 2.91% against 3.13% in the last similar operation on December 2.
On the line at 3.50% maturing April 25, 2026, the ONC totaled 292 million bringing the total of the auction to 2.293 billion euros at weighted average rate of 3.30% against 3.65 % in the comparable operation on 1 December. Regulation of these four lines will take place March 6.
Wall Street opened slightly higher on Thursday after figures showing that weekly jobless claims remained close to a low of four years, but investors will need other incentives to buyers remain after the gains accumulated since early 2012.
In early trade, the Dow advanced 0.48% or 61.98 points, to 13,014.05 points. The Standard & Poor's, wider, gained 0.48% (6.58 points) to 1,372.26 points while the Nasdaq composite risen by 0.45% (13.45 points) to 2,980.34.
On February, the S & P 500 benchmark index fund managers, took 4.1%, the Dow 2.5% and Nasdaq 5.4%.
That said, as this bull cycle is built on trade volumes lean, many players anticipate a downtrend market in the short term.
"We are on a sacred launched two months ago and, at some point, it will pause. In previously published data, there was nothing that could trigger a movement in one direction or the other, "said Wayne Kaufman, chief market analyst at John Thomas Financial
. The weekly jobless claims fell slightly in the U.S. during the week to 25 fe February, to stand out as expected at 351,000, close to a low of nearly four years, announced Thursday the Labor Department
…… But … consumer spending adjusted for inflation emerged unchanged for the third month following January, a trend that could raise questions about the country's economic outlook, the household expenditure constitutes one of the main drivers of the U.S. economy.
At 1500 GMT, was expected ISM manufacturing index and construction spending.
In the area of distribution, as Gap took 10.18% to 25.74 dollars after the chain of clothing stores reported an increase in February for its constant-store sales for the first time in eight months.
The action of Ford advanced 2.18% to 12.65 dollars in anticipation that the builder had a very good month of February in terms of vehicle sales in the United States. The group will release its monthly figures during the day. Chrysler has already reported a jump of 40% of its U.S. sales last month.
Wall Street ended on a note undecided Tuesday, a series of macroeconomic indicators worse than expected U.S. have led investors to pause after gains accumulated , s by the U.S. stock market since the beginning of the year. </ p> the Dow Jones Industrial 30 0.16% sold, 20 , 81 points, to 12,632.91. The S & P-500, wider, lost 0.60 points, or 0.05% to 1312.41. In contrast, the Nasdaq Composite was up on its side of 1.90 point (0.07%) to 2813.84. </ P> The S & P 500 index re ference of fund managers, is up 4.4% over the entire January, the Dow 3.4% and the Nasdaq Composite of 8%. Wall Street posting its best monthly performance since October. </ P> Shortly after the opening of the meeting, the 50-day moving average of the S & P 500 crossed ; rising moving average 200 days, a technical effect known as the "golden cross". </ p> The "golden cross" is usually perceived by investors as a buy signal which should push up prices for the next six months. </ p> Wall Street opened up, driven by European stock exchanges such as the hope of soon reaching an agreement between Athens and its private creditors on Greek debt and after the adoption of the new Treaty of fiscal discipline.</ P> But then Wall Street has suffered from the publication of results in mixed company and U.S. economic indicators worse than expected, which sow doubt on the strength of the recovery of the world's largest economy. </ p> The U.S. consumer confidence fell against all expectations in January, reflecting their growing concern about , a labor market at half-mast: the Conference Board index measuring consumer confidence fell to 61.1 in January, against 64.8 in December and 68.0 expected. </ p> < p> The index of purchasing managers in the Chicago area has also declined, falling to 60.2 from 62.2 in December, while analysts expected a lege ; re improvement to 63.0, said Tuesday the Institute for Supply Management-Chicago.</ P> The title Pfizer ended down 0.83% to 21.40 dollars after the pharmaceutical giant has reported a net profit down 50% in the fourth quarter. </ p> Action Exxon Mobil fell 2.04% to 83.74 dollars, the oil giant has certainly reached quarterly results better than expected but did not reach consensus in terms of production. </ p>
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