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.

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.

The Dow Jones gained 0.35% or 45.79 points to 12,949.87 points while the Standard & Poor's 500, widest, won 0.23% (3.19 points) to 1361.23 points. The Nasdaq composite ended down 0.27% or 8.07 points, to 2,951.78 points.

For the week, the Dow gained 1.2%, the S & P 1.4% and Nasdaq 1.7%.

U.S. markets are closed Monday for President's Day.

Greece looks set for Monday the release of a new plan to help the EU and the IMF, despite the doubts that persist among its partners in the euro area about the pace which it manages to reduce its debt.

"It is beginning to realize that all the negative feeling that we had four months ago on a global depression that would be provided by Europe (…) quickly becomes wrong when we look economic indicators continue to show pretty good, "said Ryan Detrick, at Schaeffer's Investment Research. 

Traditionally, the stock market also marks a break towards the end of the period of publication of company results. Investors need to digest all this news. According to data from Thomson Reuters, 404 of the 500 companies in the S & P 500 have already published their results and 64% of them posted higher profits laughing expectations.

Since the beginning of the year, the S & P gained 8.2%.

Values, Heinz and Campbell Soup have been awarded respectively 4.5% and 2.6%. Both groups have food delivered results above expectations.

In contrast, General Mills, which lowered its forecasts, lost 3.6% to 38.34 dollars.

Gilead Sciences fell 14.25% to $ 47. The pharmaceutical group, which last year spent 11 billion dollars (8.36 billion euros) to buy Pharmasset and its experimental treatment against hepatitis C, saw its stock plunge after inconclusive results of this product.

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.

On the Nymex, the March contract on the U.S. light crude (WTI) ended on a loss of $ 0.17, or 0.17%, to 100.74 dollars a barrel. Meanwhile, Brent crude for April delivery was taking 0.08%, or $ 0.09, to 117.48 dollars.

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.

Days off, holidays, bonuses, benefits … Some benefits of employees of Air France could fly well. Just as the organization of work could be reviewed. Indeed, management has initiated the process this morning to denounce the social agreements of the company with a meeting of the Central Works Council (CEC) headquarters at Roissy. A meeting that quickly petered invaded by hundreds of employees who have forced the leaders to leave the room. The fact remains that the procedure "Reconstruction of a conventional framework" of about 50,000 employees is launched. With the CEC, the first after the announcement of the plan in mid-January drastic savings over three years (2,000,000,000), Alexander Juniac opened this high-risk project that it considers "essential". "On the basis of a new economic model (competition from" low cost "and companies in the Gulf), we must build a new social model," said il.Ce worries the unions. Interview with Beatrice Lestic, secretary general of the CFDT Air France.

The termination of these agreements social worries you it?

Yes, we are very concerned, if not angry. Direction points to several chapters of collective agreements very important as pay, holidays etc.. Problem: it is very vague on the points she wants to put on the table. There is a real problem of visibility. We have to meet a priori on February 20. On that date, then we will know specifically what management wants to put in this new framework agreement. If the unions sign the new agreement, will follow a negotiation phase, which will be concluded in June. For now, we do not impugn anyone's motives, we wait. But one thing is certain, if management compensation affects the climate will tend seriously. We will enter a phase of complicated dialogue.

Some advantages of Air France employees …

Advantageous remuneration days fériésSix child days maladeSix day fractionation (additional leave) Airline tickets at reduced rates

What are the main points covered by management?

She denounces partially collective agreements, some chapters. In mind, those on employment, the reorganization of business, career. Another chapter denounced the compensation, but we do not know the points covered in this chapter. The management is not explicit, this leaves room for all the fantasies … Since the beginning, management says it will not affect the gross wages, payment for public holidays, but we were sure would! If the idea is to hit the pay, it will be a major problem, it's just impossible. Another concern, that on holidays. At Air France, employees may take their leaves so divided, they are entitled to six days of bonus added to annual leave, against three in the collective agreement in the air. This could be questioned. Just like the days off, it seems that this is subject to termination.

For management, this renegotiation of the agreements should help "reduce business costs." Is it a credible argument?

Of course we are all aware of the financial situation of the company and the need to change things. But we will get nowhere without an overall vision of an industrial project. Cost reduction at the expense of employees alone is not the panacea to all problems. You can always revise texts, it is easy, but then they must be justified …

The refinancing rate remains as it was expected at 1.00%, the deposit facility at 0.25% and the marginal lending rate to 1.75% .

The ECB president Mario Draghi explain this decision at the regular press conference starting at 14:30.

It is likely that questions posed to them about what the central bank could do for Greece. But it may well also he does not say anything until the situation is not resolved.

It is also possible that Mario Draghi announces no new support measure given that the ECB will launch at the end of a second refinancing operation three years after success of the first of its kind, in December, which resulted in a record cash injection of 489 billion euros.

At about one month of the official presentation of accounts 2011, Jean-Yves Gilet an update on major current issues of sovereign fund sought by President Nicolas Sarkozy to invest in industry and future technologies.

The ISP is currently in exclusive negotiations with Areva to regain its 26% stake in mining group Eramet.

Jean-Yves Gilet explained that his institution would achieve a shareholders' agreement with the Duval family which owns approximately 37% of Eramet. The sale of shares in Areva will result in canceling the double voting rights attached to shares and the ISP wishes to obtain guarantees on the governance of Eramet.

The director said he wanted the ISPs send "very quickly, within weeks" to an agreement.

The transaction price has not yet been released. But at the time of its announcement, Eramet, a French specialist of manganese and nickel, showed a market capitalization approaching 2.5 billion euros, which valued the 26% Areva to about 650 million. The action, however, Eramet has jumped 35% since the beginning of the year.

MEDIATION DRIED-SAUR

Jean-Yves Gilet also gave an update on the issue of Saur, the third French player in water treatment which Séché wants to take control.

The project has however met with both ISPs, to the direction of the Saur and its unions, and certain creditor banks of Saur.

Since then, a mediator was appointed to reconcile the different parts of a rapprochement between the two groups.

"We hope to have an understanding of a solution at the end of the first quarter," commented Jean-Yves Gilet. 

The capital of the Saur is currently owned by a consortium of shareholders consists of ISP (38%), Séché (33%), Axa Private Equity (17%) and Cube (12% ), an infrastructure fund managed by the French bank Natixis.

A change of control could trigger the renegotiation of a debt of several billion euros that is crippling the group's prospects.

INDUSTRIAL SECTORS FUND

Jean-Yves Gilet confirmed that the ISP was interested in the project of planemaker Geci International, which wants to launch the Skylander, a twin turboprop capable of serving economic difficult areas of accessible.

"We are actively studying the issue," he said, refusing however to say more on the probability of an investment by the FSI in the new aircraft. 

The CEO also said ISPs will result in a few weeks to create new investment funds to structure the industrial sectors as for the French nuclear or health.

These funds, the amount should be between 80 and 200 million euros, have the same purpose as the modernization fund automotive OEM (FMEA) launched in 2009 in a crisis to support the sector.

President Nicolas Sarkozy announced in November they were created and called the ISP to invest more in the regions.

"We have decentralized the ISP," said Jean-Yves Gilet Tuesday, recalling that his institution had launched ISP Region and launched an advertising campaign in regional press.

The book market declined 1% in 2011, continuing to deteriorate for the second year in a crisis, and if selling online is the only move forward, the library holds up better than retail, according to annual survey Livres Hebdo / I + C.

Lower sales of -1% in current euros amounted to -3% by volume, given the evolution of prices of the books, according to annual data from the institute I + C on behalf of the magazine Livres Hebdo .

The decline in attendance outlets last year has been the main obstacle to the business book market, which declined by -0.5% in 2010. The average shopping basket of consumers was less than 17 euros for the year: 16 euros during the first nine months of 2011 and 18 euros in the last quarter. If the book has fared better than most other consumer goods in December, "he suffered much the decline in household spending throughout the year (-0.5% according to INSEE), a score ever recorded for fourteen years, "notes the editor of Livres Hebdo, Christine Ferrand. "The question of the attractiveness of libraries stands out as the first challenge of 2012," the magazine.

The libraries of the first level (most important) remain in the general market average, with -1%. However, the deterioration of book sales accelerates in hypermarkets, with a decline of -5.5% in 2011, against -3.5% in 2010. Cultural supermarkets are now in the red (-0.5%) despite continued store openings in several brands. Up 5.5% in 2011 and 2010, the circuit of distance selling (including clubs via retailers) confirms its dynamism thanks to the persistent growth of online commerce, the survey notes.

Another highlight, the pocketbook is the only publishing sector up (1%), while sales of books Youth stagnate (0%) and comics (-0.5%) recorded a slight compaction. Humanities to limit the damage (-0.5%), thanks to the vitality of sales history books. The practical book saw a decline of -1.5%, as the school and after school. As for literature, it is declining by -2.5%.