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Somfy, the world leader in electrical component, considering the full year with confidence despite the uncertainties surrounding the economic situation in the second half.

In an interview with Reuters, the executive director of the industrial branch of the Haute-Savoie group said Tuesday that demand from emerging markets in comforts and safety of habitat, China and Brazil in the lead, will help offset the impact a possible drop in consumer confidence on the renovation market in the more mature.

"It is impossible to predict what will happen, the general scenario most likely to me it's sluggish growth, but anything is possible," said Jean-Philippe Demaël, general manager for Somfy Activities.

"However, we are calm," he added, without giving figures forecast, according to the tradition of the group.

Somfy is currently 80% of its turnover in France and Germany, both historical market, and 20% in the rest of the world.He wants to strengthen its international presence and diversify its offerings in home automation to meet all markets.

"The smart home allows people to better live their home or office and answers a basic need: to improve more and more areas of life on the themes of safety, energy savings and independence in a context of an aging population, "added Jean-Philippe Demaël.

To compensate for the absence in the United States of roller shutters in homes, and put on Somfy motorized curtains and temperature controls.In Brazil, where it has an option to take control of his partner Garen within five years, the main selling point is the security and development of "smart phones" as such offers new opportunities.

With proper application, which can be closed remotely components equipped to detect an intrusion on the screen or verify that the automatic gate or door is securely locked.

OTHER ACQUISITIONS FOR

China, where Somfy bought late 2010 the leader Dooya Ningbo, is the other big growth market.Jean-Philippe Demaël estimated that the country could represent 10-15% of revenues in five years, against 3% today.

The group performed in the first half operating profit of 85.3 million euros, up 1.4%. Turnover, already published, rose 13.9% to 501.2 million euros, but the rising prices of raw materials – copper, steel and plastic head – has weighed on profitability.

"For the implementation of the strategic plan, the acquisitions are a weapon to be used," said the general manager for Somfy Activities."We remain constantly alert to possible acquisitions."

Net income, group share, jumped on him from 109.2% to 130.4 million euros, the result mainly of the capital gain realized on the sale of the stake in the Swiss Agta Record.

The Group is controlled by the family Despature, founder of the textile company Damart. With a market capitalization of 1.6 billion euros, the group took to the Paris Stock Exchange 16% since the beginning of the year, after gaining more than 34% throughout 2010.

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Bank of America announced Monday the sale of 13.1 billion shares of the bank China Construction Bank for an amount expected $ 8.3 billion in cash.

BofA sells and nearly half of its shares in CCB, reduced to about 5% its stake in the Chinese institution.

The U.S. bank hopes to see the transaction close in the third quarter.

After the announcement, as BofA progressing 4.51% to 8.11 dollars to 2:25 p.m. GMT. It outperformed the sector index and KBW, an increase of 3.12%.

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Essilor International reported Friday an increase in profits in the first half, thanks in particular to its performance in Asia, and said he was better armed than in 2008 to address the slowdown in the global economy.

The world leader in ophthalmic optics said it was still a growth in turnover of 6% to 8% this year excluding currency and acquisitions, and maintaining profitability at a high level excluding acquisitions strategic, around 18%.

In 2010, operating margin reached 18.1%.

"Nobody has the right to ignore the slowdown in the U.S. or the economic difficulties of the euro area," he said during a conference call the CEO of Essilor, Hubert Sagnières.

"Essilor, which was already strong and resilient in 2008, is even stronger today than in 2011," he added, however, citing the group's development in the midrange and high-growth countries.

The company reported first half net profit group share of EUR 258.2 million (+30.7% +8.1% adjusted data) and a turnover of 2,060.1 million up 6.9%, with 9% and 7% excluding currency out strategic acquisitions.

According to the Thomson Reuters consensus I / B / E / S, analysts on average expected sales of 2.089 million.

At 9:50, the Essilor share fell by 0.90% to 52.65 euros in market capitalization close to 11 billion euros while the CAC 40 fell back to 0.57%.The title wins more than 9% since the beginning of the year.

A Paris-based analyst mentioned in a note the results "in line with expectations" and found that the performance of the first half confirmed "the strong fundamentals of the group."

Essilor, which announced Friday the launch of anti-fog lenses, continued its acquisition strategy with 13 new partnerships in the first half, allowing in particular to accelerate its development in high-growth countries.

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François Fillon yesterday presented a plan for additional savings of 12 billion euros in 2011 and 2012. Companies, wealthy investors, consumers … everyone will have to put their hands in the pocket. Details. François Fillon unveiled new savings measures for 2012 at a conference at Matignon August 24, 2011

Tax on soft drinks, suppression of the reduction of professional fees, VAT increase on theme parks, higher social package, hardening of potential loss carry … the anti-deficit plan presented yesterday by François Fillon has only one consistency: they are essentially raising taxes through the creation of new taxes, the increase of others, and the removal of tax loopholes. Total amount of the bill: € 12.2 billion, which will weigh slightly more heavily on households (6.1 million) on enterprises (5.3 billion).

Companies: 3.9 billion

Companies pay a large share of 12 billion euros of additional taxes. First, their income tax will increase by 2 billion, due to stricter supervision of deferred losses on profitable years later or earlier (device that reduces the amount of tax companies). The second major measure relates to exemptions from employer contributions on overtime. These exemptions are not challenged, but will be included in the calculation of load reductions on low wages. In other words, companies will pay more payroll taxes to the tune of 600 million euros in 2012. The social package – which carries out the employer levy on employee savings – will increase from 6 to 8%, which will cost 400 million euros.Also note: social contributions paid by employers in the energy sector will increase, taxes on polluting vehicles will increase business and 30% reduction on the taxable profit in the overseas companies will disappear.

Insurance and mutual insurance companies: 1.4 billion

The exemptions enjoyed by banking and insurance contribution to social solidarity societies (C3S) will disappear, which will bring 200 million euros for Social Security next year (the C3S finances the social system of self). Moreover, the taxes that weigh on complementary health (mutual insurance companies, pension funds) will be raised from 3.5 to 7% for contracts called leaders and 7 to 9% for others. The increase in the tax on complementary health, which must report 1.2 billion euros, a priori weight on the industry.Except that the mutuals have already warned that they could pass this cost on to their customers, by increasing contributions.

Rich: 2.6 billion

The most anticipated was the creation of a windfall tax on very high incomes. It must be said that the petition launched by 16 top managers and large fortunes of France to pay more taxes generated the buzz. Still, this tax is more cosmetic than profitable. It is set at 3% for income above 500,000 euros per unit. It should therefore cover only 10 000 richer and report only 200 million euros, according to Bercy. In contrast, households with multiple properties will put a strong hand to pocket the 10% reduction per year beyond the 5th year of holding a second home or a building plot is deleted. This will bring 2.4 billion euros.

Investors: $ 1.5 billion

The payroll taxes on capital income (interest on savings accounts, real estate capital gains, dividends, interest of PEL, PEA, products, life insurance, etc..) Will be removed from 12.3 to 13.5 %. Almost all the French have a livret A and 62% have life insurance. This means that the measure will pay big: 200 million in 2011 and 1.3 billion euros in 2012.

Consumers: 1.2 billion

These are taxes that may seem anecdotal, but that will weigh on the purchasing power of the French. On behalf of public health (or the name of rigor), taxes on tobacco and alcohol will be raised. Tobacco prices will suffer a first increase of 6% in October and a second by 6% in January 2012. Taxes on spirits – except for wine, rum and "regional production" – will be raised to 90 cents per liter.In addition, the government announced the creation of a specific tax of 19.6% on soft drinks. Water, fruit juice (no added sugar) and products containing sweeteners are not affected by this measure. This "soda tax" which should bring 120 million euros a year, is already generating controversy. ANIA (National Association of Food Industries) Justice "scandalous" and warned that the price of the can is expected to increase by an average of one euro cents. Finally, fans of theme parks like Disneyland may have to pay more to enter the VAT on tickets from 5.5% to 19.6%

Lambda Employees: 800 million

It's a bit unnoticed, but the CSG many employees will increase. The abatement of earned income for professional fees will increase from 3 to 2%.Specifically: the CSG will now be calculated on 98% rather than 97% of salary, which amounts to a slight increase in the CSG. In addition, the income paid by the safety under the parental leave will now also subject to the CSG. These cuts Notwithstanding the CSG should report to 800 million euros in 2012.

State: 1 billion

François Fillon yesterday called "extra effort" to reduce state spending. It amounted to an effort that one billion euros in 2012, without detailing the cost-saving measures. The Prime Minister has merely to recall the steps already taken – freeze state grants to communities, freezing expenditures, non-replacement of a staff of two to retirement, etc..

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The consumer association UFC Que Choisir investigated the practices of over 1,000 estate agents. Result: many do not respect the law. And you, have you ever found irregularities in the sale or purchase of property?

The consumer association UFC Que Choisir unveiled Tuesday a 1056 survey of estate agents. The survey was conducted by volunteers from March 14 to April 2 around a single scenario: help a young family member in his search for an apartment of two rooms and 40m2 for rent. The so-called prospective tenant had a dossier satisfying the legal requirements and earned three times the rent but did not have a guarantor.

In 21% of the fees were not displayed in the window or visible from the outside so that this obligation is 20 years old.In addition, nearly four months after the entry into force of the obligation regarding ECD (energy performance), only 72% of agencies within the law. Nearly two-thirds of agencies (62% exactly) do not hesitate to request documents strictly prohibited: certificate from the employer (46%) or the previous landlord (10%), photo ID (10%).

>> Read about the online survey: Real estate agents have they become more virtuous?

The fees paid by tenants (average 93% of the monthly rent without load) are considered prohibitive when, according to UFC Que Choisir, the tenant should the agency that the only preparation of the lease. Finally, while the prospective tenant's financial situation was comfortable, there is no guarantee has been a problem in 28% of cases.For Alain Bazot, president of UFC, "the real estate profession is undergoing illegal and complete immunity."

And you, do you trust with real estate professionals? Have you ever found irregularities in the sale or purchase of property?

Tell us your experience in the comments box. Caution: Do not write defamatory (names of agencies or real estate networks, name of owners, etc.)..

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GDP in the OECD area rose by only 0.2% in the second quarter of 2011.

Growth is slowing for the fourth consecutive quarter in rich countries, displayed in 0.2% from April to June compared with the previous three months, according to the Organization for Economic Cooperation and Development (OECD). "Gross domestic product (GDP) in the OECD area slowed to 0.2% in the second quarter of 2011, against 0.3% last quarter," said the organization in a statement Monday. "This is the fourth consecutive quarter of slowing growth," said the OECD, which confirms the slowdown that affects the economies of richer countries.

On an annual basis, GDP in the OECD area rose by 1.6% in the second quarter of 2011 against 2.4% the previous quarter, according to the organization."The slowdown is particularly marked in the euro area and in the EU, where growth slowed to 0.2% against 0.8% the previous quarter," said she. United States, GDP increased by 0.3% in the second quarter against 0.1% in the first quarter, continuing the OECD, while in the United Kingdom, it has grown by 0.2% against 0.5% in the first quarter. In Japan, however, the decline in GDP has diminished in the second quarter to -0.3% against -0.9% in the first quarter.

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The September future on the US crude ended down 12 cents, or 0.15% to 82.26 dollars a barrel Friday on the Nymex.

Over the whole week, they lose 3.12 dollars, or 3.65%, registering a fourth weekly loss in a row.

Contracts on October Brent lost $ 1.63 each or 1.52% to 108.62 dollars a barrel.

Over the whole week, they earn 59 cents, or 0.55%, ending three consecutive weekly declines.

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Japanese business confidence improved in August and should be part of this trend in the coming months as the third world economy is recovering from the consequences of the earthquake of March.

The monthly index-Reuters Tankan, linked to the Tankan quarterly report published by the Bank of Japan, subtracts the percentage of negative feelings from that of positive feelings.The survey was conducted between August July 28 and August 11 among 400 large companies, of which 258 responded.

For the month of August, the component of the manufacturing sector stood at six, up five points from July.

This is the fourth consecutive month of increase for this statistic, which takes advantage of the renewed optimism in the automotive, precision machines and chemicals.

Analysts estimate that the index will continue to increase until 13 November, nearly level that was his just before the earthquake and tsunami of March 11, which in April had inflicted its biggest drop on record .

Component for the non-manufacturing sector was up four points in August to 7, its highest level since December 2007. It is expected to rise to 14 over the next three months.

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Wall Street ended in negative territory, after the meeting between Nicolas Sarkozy and Angela Merkel on budget European judged disappointing by investors who fear a spread of the crisis in Europe.

The New York Stock Exchange ended down 0.67%, ending three consecutive sessions of gains, the Dow Jones industrial yielding 30 points to 11405.93 76.97 points.

The S & P-500, wider, lost 11.73 points, or 0.97% to 1192.76 points.The Nasdaq Composite fell on its side of 31.75 points (-1.24%) to 2523.45 points.

The two leaders have not proposed to increase the European bailout fund not to launch Euro-bonds, bonds issued directly by the European Union, as markets had expected.

Paris and Berlin have instead proposed the creation of an economic government of the eurozone and the adoption by all countries of the single currency, a "golden rule" of good management of public finances.

The markets were also sealed by the announcement of a near stagnation of business in Germany in the second quarter, fueling concerns about a further slowdown in the global economy.

Confirmation of the AAA rating of the United States by Fitch and statistics rather favorable for U.S. growth did not provide sufficient compensation to forge ahead.

In July, housing starts in the U.S. have declined less than expected to meet demand in the rental market, while industrial production posted a better than expected thanks to the automotive industry and consumption electricity. and

On the corporate side, Wal-Mart closed up 3.88%.The global distribution reported a 0.9% decline in sales on a comparable basis in the United States in the second quarter, but raised its forecast for earnings per share for the year.

Home Depot has reported better than expected earnings in the second quarter, driven by demand for seasonal products and repairs related to climatic disturbances, and the group raised its annual profit forecast.

The action ended with a gain of 5.24%.

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European shares opened Monday its third consecutive session rally, supported by the publication in Japan of a lower than expected contraction of GDP in the second quarter.

Last week, major European indexes have fallen to the lowest in two years, the Athens Stock Exchange, closed Monday, returning on the other hand its 1997 levels.

Around 9:30, the CAC 40 gained 0.51% to 3,228.70 points after closing up 4.02% Friday limiting its decline to 1.97% throughout the week.

As for values, Natixis sign the best performance of the CAC 40 with a gain of 3.31%. General society allows itself 2.37% 2.1% Credit Agricole and BNP Paribas 2%.Stoxx index of European banking was down 0.16%.

"If America is not as weak as we thought and so we now have a small rebound in Japan while they are elements that will allow us to move forward," said Mike Lenhoff, chief strategist at Brewin Dolphin.

"Technically, the markets have been oversold and on that basis alone they will experience a period of remission (…)", he adds.

Other major European markets also rose, London and Frankfurt clinching 0.1% and 0.67%. Of the European indices, the EuroStoxx 50 won 0.55% and 0.25% Eurofirst 300 leaves.

The euro ahead of 0.14% against the greenback at 1.4291 dollar.

A barrel of U.S. light crude was down 0.19% to 85.22 dollar.

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