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.
The Swiss pharmaceutical group Roche warned Wednesday that he would not fall under its offer of $ 6.8 billion (5.18 billion euros) on the Illumina American and he will not extend the period of acceptance thereof.
Its current proposal, $ 51 per share Illumina, can not be improved without penalizing shareholders of Roche, said the group, which should give up its offensive.
The offer expires Friday, Roche said not wanting to prolong it, expressing regret the refusal of the Board to engage in constructive dialogue
Illumina sequencing of genes specialist, self-proclaimed "Apple genomics", for its part has rejected offers of Roche and called its shareholder do the same.
Consulted Wednesday during a general meeting, a majority of them have also shunned.
"Roche will not be affected if it sends a signal showing that it is ready to give up these offers," said Navid Malik of Cenkos Securities.
The acquisition of Illumina would have allowed the Swiss group, world leader in therapies against cancer to benefit from its expertise in sequencing of genes play a role forefront of personalized treatments, which represent the future of the pharmaceutical industry.
Roche did not give up its ambitions for external growth.
"Roche will continue to examine all options and opportunities to further develop its business portfolio to expand its leading position in diagnostics," said Severin Schwan, director General of the Basel group, in a statement.
At their general meeting, shareholders of Illumina supported the four nominees to fill board seats, while rejecting a proposal from Roche to bring to 11 the number of directors with the objective to take a majority.
The prospect of a failure of Roche has not been punished by investors, its title having closed up 0.99%, unlike the Illumina who lost in the third me time to 4.10% to 42.20 dollars.
Molson Coors Brewing will buy the fund CVC Capital Partners brewer of Eastern Europe StarBev to 2.65 billion euros, the U.S. group is keen to develop its presence in the market s emerging.
Molson Coors has prevailed over the Japanese Asahi Group, which was not willing to pay more than three billion dollars for StarBev, according to people familiar with the matter.
The U.S. brewer is mainly present in mature markets such as USA, Canada and Great Britain with brands such as Carling, Coors Light and Blue Moon.
With this acquisition, expected to be accretive in the first year, the share of emerging sales expected to rise from the bottom of a single-digit margin to around 15%, estimated Molson Coors.
StarBev is present in the Czech Republic, Serbia, Croatia, Romania, Bulgaria, Hungary, Montenegro, Bosnia-Herzegovina and Slovakia.
Nevertheless, analysts are wondering about the synergies of the transaction, which is why the action lost nearly 3% to 44.35 dollars on Wall Street.
"Being present in emerging markets is positive but this acquisition seems quite devoid of potential for synergies," said Kaumil Gajrawala, an analyst at UBS.
The transaction represents about 11 times Ebitda of StarBev, 241 million euros, which also carries a turnover of 700 million euros.
CVC bought StarBev to Anheuser-Busch InBev, the world's largest brewer, in December 2009 and had sold given the interest shown by several brewers among which, besides Asahi is believed to know, were Carlsberg, Heineken and SABMiller.
CVC had paid for its acquisition of approximately $ 2.2 billion.
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.
The Slovenian subsidiary of Renault announced Thursday it would cut production in April and would eliminate 13% of positions at about 2220, due to lower sales in Europe.
"We have had in recent months a decline in orders resulting from a severe contraction of the European market. Because market conditions do not improve (…) we don ' will more probably night shift on April 26, "said the subsidiary Revoz, which produces models Twingo, Clio and Wind.
Production Revoz had peaked at 212,860 cars in 2009, falling to 174,127 in 2011. The subsidiary did not provide a target for this year.
The night shift existed since 2007 but was suspended from May to September 2011 due to a shortage of electronic parts produced in Japan, a direct consequence of earthquake of March 11.
Revoz said she planned to increase the number of positions in the second half of 2013, when it will produce two new models to be developed under the partnership between Renault-Nissan and Daimler.
The new car registrations have fallen sharply again in February in the euro area, mainly due to the weakness of French and Italian markets, announced Thursday the European manufacturers association of motor.
U.S. stocks ended sharply higher Tuesday on signs of economic improvement.
The Dow Jones gained 1.68% or 218.12 points to 13,177.83 points. The Standard & Poor's 500 took 1.8% or 24.89 points to 1,395.97 while the Nasdaq Composite gained 1.88% or 56.22 points to 3039.88 points.
These data are likely to vary even slightly.
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.
The hypothesis of an ouster of CEO of Veolia Environnement in favor of Mr. Frérot Borloo, after a maneuver made by the boss of EDF Proglio, close to Nicolas Sarkozy, sparked a lively debate Monday. The Elysée to maneuver to place Borloo Veolia? The accusation is "absurd", according to the Sarkozy camp.
"The arrangements between friends of Fouquet's''," a president of the combined business and "" … These are some qualifications of the various political parties to protest a possible arrival of Borloo to head Veolia. Mentioned by the Les Echos newspaper in its Monday edition, the news continues to generate reactions from different political parties. According to several media, Mr. Proglio, former CEO of Veolia director left, wants "the head of Antoine Frérot", his successor, and has heard "at the beginning of last week" on his replacement by Mr. Borloo, former Minister of Ecology and former government number two.
Source close to the council, seven directors Proglio support the project, seven against and three are still undecided, that seeks to convince Alain Minc, another close to Nicolas Sarkozy. Officially, everyone is silent. Neither Veolia Environnement, nor EDF nor the entourage Borloo made any comments. In its presidential campaign, all the opposition – left, center and FN together – is leapt to denounce a "conflict of interests" and "arrangements between friends of Fouquet's", the Sarkozy camp attempting to extinguish Fire minimizing simple "press rumors".
Sarkozy: "It's absurd"
"Republic How are we?", Has protested Monday Francois Hollande, the Socialist candidate for favorite presidential polls, Nicolas Sarkozy in lampooning "the candidate of confusion, arrangements". Same story for Europe Ecology Party the Greens (EELV). This is a "farce", denounced the environmentalist Eva Joly, citing a "conflict of interests rarely seen" and "contempt of the Republic". "Before leaving, Sarkozy puts his friends," added the National Front, while the modem call to "turn the page on these practices." "It is abnormal that the policy interferes in the affairs of a private group like Veolia. What credit do we give to the group to negotiate with local authorities?" Railed Deroubaix Hervé, Steward CFDT.
For his part, Nathalie Kosciusko-Morizet, speaking as Minister of Ecology, denied "formally" any government involvement in the possible appointment of Jean-Louis Borloo. "Veolia is a company under private law, the government does not meddle in any way the choices made by its directors. It does not get involved now and do not mingle in it ", she told AFP. According to Le Parisien, Proglio seek to ensure his rear in case of arrival of the left power in May Nicolas Sarkozy swept the controversy with the back of the hand. the head of state on Monday described BFMTV "absurd" the hypothesis of an intervention by the Elysée. "The Elysee would be behind a possible appointment "of Borloo to Veolia, the question does one out of his campaign headquarters, in the fifteenth district." It's absurd, "he épondu …. …..
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.
Vinci said Tuesday expect a stabilization of its operating margin in 2012 to its 2011 level, in a context of expected stagnation in activity due to economic uncertainty in Europe.
The world leader in construction and has made concessions in 2011 a turnover of 36.96 billion euros, above the consensus of seven analysts gave 36.41 billion euros.
The Group turnover increased by 10.7%, higher than the growth "of about 7%" he anticipated so far.
Operating profit from ordinary activities (ROPA) group has meanwhile increased by 6.6% to 3.66 billion euros, according to the consensus, and gives a margin of 9, 9%.
"The margin ROPA / CA was 9.9% of sales, against 10.3% in 2010. This was due to the increased weight of the contracting industry in the total ('mix effect'), "Vinci said in a statement
…. The contracting activity ….. includes the construction and energy, one of two core businesses of Vinci near concessions, including motorway (ASF, Escota, Cofiroute and Arcour)
. The first pole represents 85% of sales but only 39% of operating profit of Hence the group's ambition to increase the weight of concessions in its business by purchasing an existing business, including Vinci airport assets
. was in line to the airports offered for sale by Hochtief of Germany, but it has recently suspended the tender because of the Greek crisis – including Hochtief wants to sell the airport Athens. According to sources familiar with the matter, it is now well positioned to take 40% of the first Turkish airport operator, TAV Havalimanlari.
UNCERTAINTY IN EUROPE
For 2012, the group plans "at least a stabilization of its activity" in a context marked by economic growth prospects more uncertain in Europe and a possible slowdown in orders on the continent in some segments or certain geographical areas.
In late January, the CEO, Xavier Huillard, had told Reuters that order intake in France may be less strong in the coming months because of questions about the financing community.
"The group remains confident and sets the objective to maintain its operating margin rate compared to good levels reached in 2011," continued Vinci.
It accounts for it on a slight increase in toll revenue and enters the year with a backlog of 30.6 billion euros in the contracting business, up 18% and its highest level ever.
"The position of the strong order book underpins their forecasts," said one industry analyst who requested anonymity. "In general, comments on 2012 are reassuring, we think that in the current action is interesting that these figures should cause a positive reaction tomorrow to scholarship. "
Before this publication, the action of the group closed at 36.83 euros (-0.37%), giving a market capitalization of 20.87 billion. Since the beginning of the year, the stock rose 9.1% after dropping 17% in 2011.
Vinci, who reached last year's net income, group share, of € 1.9 billion (+7.2%), proposes a dividend of 1.77 euro per share (6.0%) for the past year.
His group's net debt, largely inherited from the acquisition of French motorways during their privatization in 2005, declined last year by 3.6% to 12.59 billion euros.
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