Nexity year 2012 provides for a "hollow" in the housing - February 21, 2012

Nexity said Tuesday it has won market share in the residential and orders "exceptional" in commercial real estate last year but the first French developer believes that 2012 will be "an Anne e valleys "for the residential market.

The group, which says "calm" for the medium term, achieved in 2011 a turnover of 2.6 billion euros, down 5%) but operating profit current of 211.6 million euros, up 3%.

For 2012, Nexity is a consolidated turnover exceeds 2.6 billion euros and operating profit in 2012 exceeding 200 million euros.

It proposes a dividend of two euros per share for 2011, unchanged from 2010. 

In late December, the backlog of the company totaled 3.3 billion euros (21% compared to end December 2010), 19 months of promotion activity.

Said in a statement, Alain Dinin, CEO of Nexity, says a combination of factors should make 2012 "a low point for the residential market and mark a contraction of the commercial market."

He mentions "the major macroeconomic uncertainty on the evolution of sovereign debt crisis, the likely entry into recession" and "wait-ed before the deadlines ; lectorales presidential and legislative. "

The action ended Nexity to 23.4 euros (-1.39%) Tuesday showing a market capitalization of 1.2 billion euros. She was up 33.6% since the beginning of the year after falling 39.6% in 2011.

Adocia made its IPO, other agreements to - February 20, 2012

The biotechnology company Adocia, who made Monday's entry Nyse Euronext by scoring below its introductory course, wants to make innovations "low cost" in the field of diabetes you to facilitate their marketing in emerging markets, said its CEO told Reuters.

Gerard Soula, founder of the Lyon-based company has already signed a license agreement and collaboration with the U.S. pharmaceutical group Eli Lilly, said he could sign other agreements of this type in the next three years.

Created seven years ago, Adocia is the first introduction of 2012 in the Paris Bourse. Introduced in 15.88 euros, it was worth 14.87 euros to 14.30, showing a market capitalization of € 93.5 million.

The vocation of Adocia is to dismiss its technology to reformulate existing technologies to major industry players such as Novo Nordisk Diabetes, Eli Lilly and Sanofi that must revitalize a portfolio of insulin patents expire.

"The idea is to have formulations of existing products that can either change the frequency of administration, either to reduce the quantity of product for a better use of therapeutic proteins" , Gerard Soula explained in an interview.

"Until now, every innovation has justified increased costs. We say that there is no inevitability to this. We want to make innovations low cost because we know that emerging countries can not pay major innovations as the West. "

NOT RETURN MARKET

Adocia Strategy does not go directly to these markets but to lay off its technology to major players sector

. "We are a potential resource for these groups because they offer innovations on their own products, enabling them to offer higher performance rieures on areas or their own products expire, "said Gerard Soula. 

Today there are 250 million diabetics worldwide and this figure will rise to 400 million within a decade, he said, adding that the share of emerging countries in this total is "huge", major problems arising from diabetes in China, India and South America.

The most advanced product of Adocia is a treatment for diabetic foot ulcer, for which the company will release third quarter 2012 a Phase III study in India could die butcher on marketing in 2014, said Gerard Soula. In this severe disease, Adocia chose to reformulate the Regranex, a Johnson & Johnson treatment.

The product, which would be recorded in emerging markets, must be manufactured in India, which will divide its price by three compared to U.S. prices while reducing manufacturing costs by 10, calculated Gerard Soula.

In addition, Adocia conducts tests to combine a rapid-acting insulin with Lantus, insulin slow Sanofi's patent must fall in 2015.

The goal is a formula to reduce to two the number of injections, against three to four a day now, said Gerard Soula, designed a marketing 2015-2016. 

The market for insulin, an essential treatment for most diabetics, increased 10% in 2011 to 17 billion.

Adocia now has cash of 38 million euros. Strengthened by this, Gerard Soula said that with the partnership set up with Eli Lilly and capital raised through its IPO, Adocia would "not need to return to the market" for finance its projects.

Nuclear production boosts EDF 2011 results - February 16, 2012

EDF 2011 results released Thursday boosted by the performance of its French and British nuclear programs and has confirmed its objectives despite the additional investment required by the authorities of collat ; hardness after the disaster of Fukushima.

The electrician has publicly said in a statement that it was always for the period 2011-2015 average annual growth of between 4% and 6% of its gross operating profit (EBITDA), at constant exchange rates, and in a range from 5% to 10% for net income. 

For 2012, EDF has just reported that its objectives were "consistent" with the outlook, which also include a ratio of net debt / EBITDA below 2.5 and a payout ratio of profits between 55 and 65%.

The group also reported that its net investment envelope would remain below 15 billion euros in 2015 against 10.5 billion in 2011.

These details came as the Court of Auditors has highlighted the end of January increases induced by investments in maintenance work required by the Nuclear Safety Authority after Fukushima disaster, EDF has investments estimated at 10 billion euros at most. 

The group also aims for a 2012 production of the French nuclear fleet of between 420 and 425 terawatt hours (TWh), against 421.1 TWh in 2011, including in particular the potential impact assessments Additional safety conducted on post-Fukushima shutdown duration of its reactors.

After restatement of 2010 to reflect disposals, EDF recorded in 2011 net income group share of 3,010 million euros (against 1,020 million), an annual net profit for 3520 million (13.4% in adjusted), EBITDA of 14.824 million (+5.4% organic) and a turnover of 65.307 million (+2.7% organic).

According to the consensus reached by the group, analysts on average expected a net profit of 3.313 million euros, an EBITDA of 14.935 million and a turnover of 66.006 million.

EDF proposes a dividend of 1.15 euro per share, unchanged from the dividend paid for 2010.

The company posted a net debt of 33.3 billion euros at end 2011, against 34.4 billion at end-2010, for a ratio of net debt / EBITDA of 2.2.

Olympus is forecasting a loss of 311 million euros over 2011-2012 - February 13, 2012

Olympus, trying to recover from an accounting scandal of almost one billion euros revealed last fall, said Monday anticipate an annual net loss of 32 billion yen (311 million), mainly because of difficulties of its camera division.

This prediction of the Japanese group, which also manufactures optical instruments – much more profitable business – compares to a profit of 3.87 billion yen for fiscal year 2010-2011.

For the third quarter of 2011-2012, Olympus, which holds a global market share of 70% in the endoscopic diagnosis, showed a loss of 756 million yen against a profit of 2.04 billion yen a year earlier. 

The publication of these results had been delayed by the illumination of an accounting scandal, which saw the band assign are related to its acquisitions in several different funds for ; rer the publication of his losses, a practice that became common after the bursting of the Japanese financial bubble in 1990.

Following this scandal, the value of the stock market melted Olympus, calendar year 2011 having resulted in a decline of almost 59% of the action. Since early 2012, it rebounded more than 26%.

This increase is especially seeing Olympus alliances with companies interested in the activity of endoscopy, such as Fujifilm, Sony or Samsung Electronics.

President of Olympus Shuichi Takayama said that a decision on a possible alliance could not take place before the establishment of a new direction in the wake of the extraordinary shareholders meeting of shareholders scheduled for April 20.

The group relies heavily on the AG to start turning the page scandal, with at least six of the 11 board members, including Shuichi Takayama, who did not represent. 

Michael Woodford, the former CEO of Olympus, which has highlighted the scandal, plans to attend the general meeting which promises to ê be stormy.

- December 1, 2011

The unemployment rate in France within the meaning of the International Labour Office (ILO) gained 0.2 points in the third quarter to 9.3% on average in metropolitan (9.7% including overseas departments) According to data seasonally adjusted (SA) Interim released Thursday by INSEE.

The number of unemployed stood at 2.631 million in the metropolis, or 51,000 more than in the second quarter.

Unemployment rates in the second quarter have been confirmed at 9.1% of the workforce in metropolitan and 9.6% with Dom.

In one year, the unemployment rate in France fell by 0.1 points in the third quarter.

- November 27, 2011

Unemployment rose again in October and the outlook is bad, said Sunday the Minister for Employment, Xavier Bertrand, on the eve of the publication of these figures.

The number of unemployed in September reached its highest level since early 2000 to 2,780,500 for category A, the most observed.

"The truth is that the employment figures will not be good," said Xavier Bertrand when issuing the Grand Jury RTL-Le Figaro-LCI.

"And everyone knows they can not be good due to a crisis which does not come out again and even a crisis, the field is growing."

"Unemployment will increase in October," added Xavier Bertrand."As long as the economic situation will not improve, I do not see how the employment numbers will really improve."

- November 23, 2011

Fitch believes that the "AAA" rating of France would be in danger in case of intensification of the crisis and a worsening economic slowdown. The rating agency currently maintains its stable outlook. The offices of the rating agency Fitch in New York.

The rating agency Fitch Ratings said Wednesday that France could see its "AAA" rating, the best possible challenge for the aggravation of the crisis in the eurozone. "The AAA of France would be in danger" if the crisis worsens, then that would cause a worsening economic slowdown in France and Europe would force the country to help its banks, Fitch writes in his analysis .

According to the agency, France deserves its AAA today but could be forced to further action on the budget if it is to meet its deficit target of 3% of GDP in 2013, as pledged by the government.

The new Fitch report is published as France, rated triple-A from three major agencies, has suffered in recent days in the bond market, seeing the difference between its rate to 10 years and those of Germany to a level record since the inception of the euro area. Monday, rating agency Moody's had estimated that a rise in bond yields and French economic growth prospects deteriorated might have a negative impact on the debt rating of France.

- November 20, 2011

The Spanish Sunday should inflict a severe punishment vote to the Socialists, in power since 2004, the balance comes down to an economy threatened by recession and record unemployment. The right has already promised the land of sacrifices to redress public finance. Nearly 36 million Spaniards to the polls Sunday, November 20 to elect 350 deputies and 208 senators. The People's Party led by Mariano Rajoy (poster at right) would deal a severe defeat for the Socialist Party of Alfredo Perez Rubalcaba (poster on left)

Nearly 36 million Spaniards to the polls Sunday to elect 350 deputies and 208 senators. These early parliamentary elections – the election was expected to take place in March 2012 – were called in July by Prime Minister Jose Luis Rodriguez Zapatero on the bottom of the debt crisis in the eurozone.The outcome is clear: the Popular Party (PP) would deal a severe defeat at the Socialist Workers Party (PSOE), in power since 2004. According to recent polls, the PP would win an overwhelming majority (between 190 and 198 seats out of 350). Its leader, Mariano Rajoy, 56, prepares to assume the costume of the Prime Minister.

The PSOE, led by Alfredo Perez Rubalcaba – Zapatero withdrew to represent – is credited with less than 30% of the vote, 115 to 120 seats. The Socialists are paying the price of painful austerity.

- November 18, 2011

The rating agency said it raised its rating of Brazil by providing a rating of BBB-from now on. Problem: the note of Brazil it was already before the announcement of Standard & Poor's … The rating agency Standard

After the "true-false" degradation of France, Standard and Poor's has released a new blunder, this time on the note of Brazil. The agency said in a statement that as Brazil saw its rating rise by one notch to BBB-reaching. But she was quickly forced to change the title. And for good reason: the note was Brazil's BBB-by S & P as well as intervening!

That said, the agency has not completely wrong. It has revised upwards the note of Brazil which is now credited with a BBB by the agency. She also announced clearly in the text it submitted to some subscribers. The title was therefore a typo.But the mistake the previous recall very recent in France. Standard and Poor's came under fire of criticism last week when she accidentally announced the loss of triple-A of France. Because in these times of extreme market volatility, the S & P errors can have serious consequences for the States …

European shares rise after the Italian Senate vote - November 11, 2011

European shares are increasing their gains early Friday afternoon, the Italian Senate approved the legislation with financial stability, a set of austerity measures demanded by the European Union should help the country cope with the crisis of debt.

At 1:25 p.m., the CAC 40 index, ahead of 0.92% to 3,093.14 points, against a gain of 0.44% just before 13h.

Grants itself the Milan Stock Exchange 1.5%, that of London 0.66%, while Frankfurt's place ahead 1.3%. The pan-European Euro Stoxx 50 index was up 1.21%.

Illustrating the attenuation of investor concerns about the financial position of Italy, the performance of Italian government bonds to 10 years dropped below the 7% to 6.64%, and spread with the German Bund with the same maturity fell to 485 basis points.