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The coming months will be particularly difficult for the automotive sector. While new car registrations fell by a further 8.1% in September, the government moved by possible serial failures among subcontractors. According to the Journal du Dimanche (JDD), the Economy Minister Christine Lagarde spoke this week to the prefects, in a letter co-signed with the Secretary of State for Employment Laurent Wauquiez and Industry Minister Christian Estrosi, so that they stand ready to deploy quickly public support schemes.

According to the JDD, which quotes the letter, the government anticipates a worsening effect in the European car market, particularly in France, with "a significant decline in sales expected in the second half of 2010." A delicate situation that should, in Bercy last until the end of the first half of 2011.For if the French car sector was supported during the crisis by scrapping the complete disappearance of the device at 31 December should help bring down no fax pay day loans orders. Peugeot, for example, anticipates a decline of 10% of the French market for 2011. A fall in activity which should ultimately be passed on to subcontractors.

40,000 job cuts in 2010

These bleak prospects necessitate the activation of public support schemes to subcontractors. Also according to the JDD, Christine Lagarde has ordered the prefects to fund audits to anticipate job losses, and to assist companies wishing to benefit from Fund support modernization of automotive suppliers. With over 600 million euros, including its capital fund invests in SME subcontractors.

According to the report issued by the Committee in Support of automotive subcontractors, suppliers could cut more than 40,000 positions in 2010 alone.

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PagesJaunes, whose sales slipped 2.6% in the third quarter, maintaining its financial targets for the full year 2010.

The publisher of print and online, the site owner geolocation Mappy, said Friday in a statement it planned still a drop in sales in the lower range between -1% and -3% this year. It also anticipates a gross operating margin (GOM) of between 510 and 530 million euros.

In the third quarter, its sales stood at 297.5 million euros, down 2.6% over the same period last year. In the first nine months of the year he came to 839.8 million euros, down 3.1%.

The growth of sales on the Internet has accelerated in the third quarter to 9.3%, a level that the group had not reached the last 18 months, says PagesJaunes.

The group has set a target to increase by 50% by 2012 its activity on the Internet, which would then represent two thirds of its activity.

By contrast, sales of printed directories has suffered a contraction of 9.6% over the period.

PagesJaunes reaffirms its commitment to maintaining a high dividend.

(With Reuters)

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If the political and economic affairs on the international scene, often tense, until then encouraged investors to be wary, it seems Thursday that the good results and sales of French firms that have published this Thursday morning (France Telecom, Sanofi-Aventis, Suez Environnement, etc..) Wednesday night and were due to their arbitrage: the CAC 40 index futures are predicting an opening in the green, up 0.7% to 3823 points.

A clear upward trend, while for several days, the wait has spread in the markets. Between ASEAN held this Thursday, the EU summit in Brussels around economic governance today and tomorrow, amid internal tensions and mid-term election across the Atlantic early next week operators have good reason to wait before forming an opinion.

Operators suspended from the Fed

But most importantly, a financial point of view, the Fed, Federal Reserve, also meets next Tuesday and Wednesday, and its monetary policy guidelines, which are the subject of speculation to the death, will be crucial in arbitrations to take, especially on the foreign exchange market.Monetary easing is expected, but the scale and pace are not known.

The euro will depreciate just yet on Thursday, following a strengthening dollar, which was initiated after the publication of an article in the Wall Street Journal saying that the Fed was going to throw a leg (called the Quantitative Easing 2 ) less than expected by some analysts, who were calling them 'big bang'!

In Asia, while Japan's central bank held rates unchanged between 0 and 0.1%, the Nikkei evolves close to equilibrium, but the other exchanges in the region are part of the green.Wednesday, Wall Street ended slightly lower.

Statistics to monitor this Thursday

Macroeconomic side, in France, producer prices rose 0.3% in September in France, a growth above expectations, show statistics released Thursday by the INSEE.

Médiamétrie published the first French study on measuring the hearing of the mobile Internet: the top 20 will be highlighted in 10 hours.

In the euro area, 11 hours, we will take note of economic confidence in October. In Germany, unemployment for October will fall to 10 hours.

United States, only statistical scope: the weekly claims for unemployment benefits (1430).Yesterday, the distributor Procter & Gamble stressed the lower consumption of American households, who save more.

Publications Wednesday night and Thursday morning

The French insurer Axa has recorded the first nine months of the year sales up 3.5% to 70.462 billion euros, above market expectations, supported by emerging markets and by tariff increases.

Renault has raised its forecast for growth of the automobile market in 2010 and costed its annual target of free cash flow after a good strength of its sales in the third quarter despite the late scrapping instant payday loan.

France Telecom said Thursday it had achieved third quarter sales of 11.6 billion euros, up 1.1%, and confirms its commitment to pay a dividend of 1.4 euros per share for fiscal Financial from 2010 to 2012.

Sanofi-Aventis raised on Thursday its annual target growth in earnings per share, after completing the Third Quarter earnings up over 13% and recorded a turnover up 5.7%, thanks to currency effects.In addition, the Director General Chris Viehbacher felt it was "not at all clear" that Sanofi is the price offered by Genzyme and rejected it as part of a takeover bid.

Technip has been revised upward Thursday its operating margin targets for 2010 and announced the results down in the third quarter, but broadly in line with analysts' expectations.

Areva has released Wednesday evening sales up 6.3% in the first nine months of 2010, particularly through its activities in the reactors.

Ipsen, whose sales rose 12.4% in the third quarter, said he was optimistic about its prospects for drug sales throughout the year.

The turnover of Nexans rose 2.8% in third quarter 2010 to 1.566 billion euros.The cable manufacturer has also expressed its readiness on Wednesday to begin negotiations with rival Dutch Draka despite the end of inadmissibility oppposée by the latter to its plan to bid.

Suez Environment, specializes in water management and waste, confirmed Thursday its annual growth targets that were identified during the summer, following the publication of a sales and operational performance up to nine months.

The French software developer Dassault Systèmes (DS) on Thursday posted a turnover for the third quarter up 38.4% over one year to 403.6 million euros, and announced to raise its 2010 targets.

The Belgian group Solvay Chemical saw its net income fall to just 11 million euros in the third quarter, against another 160 million a year earlier, notably following the sale of its pharmaceutical division, according to results released Thursday.

Are expected tonight after the close of trading: PPR Toupargel, EDF EN, Dried, Latecoere.

LVMH explained

The world's leading luxury has informed the AMF that it planned to prosecute, where appropriate, its purchases of shares Hermes. The group led by Bernard Arnault, who owns 17.1% of Hermes, said it had acquired financial instruments contracts on securities saddler in the first half of 2008.

Nissan recalls mass

Nissan recalls 2.14 million vehicles worldwide for a problem of electrical relay in the engine control system

The Japanese retailer Aeon hub will be a candidate in the second round for the purchase of Carrefour stores in Singapore and Malaysia, but will not bid for the assets of French in Thailand.

The opposition to negotiate. It is the turn that seem to have the unions on the eve of the final vote on pension reform. Guests Monday night on France 2, Bernard Thibault and Francois Chereque have both considered that the movement opposing the bill were to evolve. "It makes sense that in this movement together, we have decisions on how to enroll in the action, resulting in changes the shape going in, but the determination remains intact" has declared the leader of the CGT. If Thibault for "the movement is not over," "take other forms" that protests and strikes.

Same story with Francois Chereque. No. 1 of the CFDT notes that from the moment when "the parliamentary debate will end, there will be another perspective. It's obvious. "After the passage of the law, it will be difficult to return to the base of the reform – measures age and duration of contributions and the legitimacy of an opposition front could lose its legitimacy. But between the text voting, Tuesday and Wednesday, and its enactment, expected around November 15, unions have negotiated for adjustments.

"A turning point 'for Lagarde

"There is a new step but a new step, do not mean the end of things," said Francois Chereque for his part. "We do not question the legitimacy of Parliament but the President has the option to postpone the debate because a law is always improved." And propose to Laurence Parisot, the boss of the MEDEF, it also invited to Crossword to initiate "a negotiation between employers and unions on youth employment, senior employment" payday loans."An emergency," insisted the leader of the CFDT. "I would say to Francis Chereque I agree," quickly responded Laurence Parisot, calling it a "scoop". The responsible employer ensures that "it would be a good way to move on."

Moving on, the government's obsession, who wants to get it over with the difficult sequence of pensions. Returning to the intervention Chérèque, Thibault and Parisot, the Economy Minister Christine Lagarde said Tuesday morning on Radio Classique that the dispute over pensions was a "turning point". "I think the expression is changing and I welcome both the return of reason and dialogue," said Christine Lagarde, when asked if the movement had shifted "in a late phase of conflict ."Getting to the discussion table, talking about youth employment, about senior employment and examine the underlying problems that create a real anxiety among youth and seniors, this is really a turning point and I think it's a very good thing, "she added.

On the ground, the conflict is also changing. Scavengers of Marseille returned to work Tuesday. And Monday, employees of three refineries have ended the strike. A defusing hailed by Francois Chereque, who took care to specify that the decision was "their responsibility".Adding: "Whether they built in their decision that was in another context, it is not I who will cast the first stone, I'm not going to criticize them."

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The most important international exhibition dedicated to the naval (excluding craft) opens its doors Monday morning at the Parc des Expositions in Le Bourget near Paris. For its 22nd edition, October 29 until Euronaval gathers 400 exhibitors from 37 countries and 80 official delegations expected. The Chief of Staff of the Russian Navy is highly anticipated. Russia had engaged in exclusive negotiations with France to buy her 4 buildings Projection and Command (BPC) Mistral class. But Moscow has finally decided to launch mid-October, a restricted tender to three countries: France, South Korea and Spain. Good sources, DCNS (former Directorate yards) must submit its offer to the Russian authorities in the next few days.

Another big issue that stirred the middle of the naval military cooperation between France and Britain. Announcements are hoped for in the summit, Sarkozy Cameron on November 2.The idea is not new, it dates back to the summit in St. Malo in 1998 but it is topical again. "Cooperation makes sense between the two largest military powers of Europe that are equipped with aircraft carriers and submarines nuclear ballistic missile (SSBN)," said Admiral Francis Dupont. This, even as budgets are on, the fight against deficits requires.

Two avenues explored

Explore London and Paris runways. First, the pooling of equipment, "brick" of combat systems … In short, "anything you put in the shell of a building." Then, the coordination of their resources in specific missions as happens already in NATO. The aircraft carrier Charles de Gaulle could for example be accompanied by a battle group – frigates, submarines … – British. And vice versa."This is to streamline ways with a Franco-British force could be shared military missions but also to fight against piracy or supervisory ratings," said Jean-Marie Poimboeuf, chairman and Euronaval GICAN, the union of marine industries. This type of cooperation is all the more sense that the British navy will be no aircraft carrier in 2011, and that for nearly ten years until the commissioning of a new building.

Paris postponed to 2011-2012 the decision to give a twin brother to Charles de Gaulle. London confirmed the construction of two aircraft carriers, but according to the Strategic Defence and Security Review, Great Britain will build one for his own use. The building, expected around 2020, should be able to receive American and French fighter will be fitted with catapults.For its part, Paris has postponed its decision to build the Charles de Gaulle a twin brother to 2011-2012. According to the Daily Telegraph, the second aircraft carrier built in Britain could be sold in Brazil or France. A perspective that would not the business of DCNS.

"Europe is moving ahead in a piecemeal"

Three questions for Jean-Marie Poimboeuf, chairman and Euronaval GICAN for Figaro

Le Figaro Euronaval .- Why did it take so important?

Jean-Marie Poimboeuf. He became the first in the world in its category, reflecting the importance of the "fait maritime" not only in terms of pure naval military but also in terms of safety with the explosion of piracy and trafficking of all kinds and that economic exchanges and protection of the marine environment. In recent years, the roles and missions have expanded Navies. Euronaval reflects these developments.

European consolidation that has been discussed for years has stalled …

For OEMs, it is inaccurate. In Germany for example EADS and Atlas came close. Thales Federated actors submarine detection in France and Great Britain. In missiles and propulsion, the groupings are made about MBDA and Man Diesel respectively.

But it is true that nothing happened in ten years at European shipyards. Europe is moving ahead in unity. This is not an asset for markets so that competition is exacerbated with the arrival of new competitors such as Russia, China and South Korea.

In this regard, what role does GICAN?

The new GICAN which now comprises the entire industry out of the naval craft, provides a forum for its members which is a place for exchanges and meetings.We work in the direction of unification in Europe where there are three professional bodies: the DSA for aerospace, space and defense, including the naval military sites for CESA and EMEC civilians for OEMs.

Voted on Friday by the Senate, the text on the pension reform by Raymond Soubie should be definitively adopted in the middle of next week. Guest of Grand appointment 1/The Europe Parisien, the social adviser of the President of the Republic, believes the law should then be passed around the 15th November, after a possible appeal to the Constitutional Council. Everything should be wrapped up within the next fortnight, despite two days of action planned by the unions on 28 October and 6 November cash till payday loan.

"Neither victor nor vanquished"

Raymond Soubie nevertheless wished to ensure that President Sarkozy and the government "did not take lightly" protest movements. It was "necessarily a subject hard, since attacking a symbol," retired at age 60, he said, waving at passing the attitude of the unions' generally very responsible. "He added that there was "neither victor nor vanquished." "This reform will happen is a victory for France and the French." According to him, no intervention of Nicolas Sarkozy is currently planned to mark the promulgation of the law.

Asked about the debate planned for 2013 on further reform of pension systems, he said a "possible introduction of a points system to" require a period of "twenty years". "If accepted, it will not be applicable before 2030," he said Cash Until Payday . He said social de'autres major projects are on the menu for next month and could be included in the roadmap of the government after the reshuffle.He added in passing that Jean-Louis Borloo was "the social fabric."

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TOTAL has been authorized by the Tribunal de Grande Instance of Nanterre not to proceed with the restart of business at its refinery in Flanders, near Dunkerque (Nord). By allowing the oil company on Friday to close the site, which currently employs 367 employees and subcontractors travailler450 fact, he might unintentionally set fire to the powder. The decision Friday by the High Court is, in effect on an earlier decision of the Court of Appeal of Douai, who last June called the oil company to restart the refinery under penalty of fine for failure to inform staff representatives.

This Friday, if the court also recognized that barrier, it has only condemned the group Total to pay 5000 euros to the central works council.And authorized the management of the group "not to reboot" of the site, and thus put an end to that activity. A project closure in March which had aroused the ire of the sector employees and generated block of six French refineries for a week. Protestaton this movement, which had then made the threat of fuel shortages, had finally concluded an agreement between management and unions. Under the agreement, the management of Total was particularly committed to ensuring the sustainability of its five refineries and not to make any redundancies as part of the closure of that of Flanders.

"Employees no longer believed to reboot"

The future site of Dunkirk thus seemed sealed anyway. At the time, Total had justified its decision by the loss of around 100 million euros per month, which generates its business in France.But this decision is kind of unfortunate, while the twelve regional refineries are currently blocked in protest against pension reform. Especially since it adds another bombshell: Thursday's decision by the Swiss group Petroplus in turn put an end to the activity of its Reichstett refinery near Strasbourg.

Philippe Wullens, South delegate the decision of the court sign the death warrant of Dunkirk refinery. He continued: "Anyway, it's been a while since the employees no longer believed to restart the refinery."

The employees had voted in a referendum Oct. 13 to 95% in favor of initiating negotiations with management on the establishment of a new center project technical assistance and training, has he told AFP.

According to the union, a new employee consultation must be held in early November to decide "whether to continue the legal battle, either to initiate a negotiation with management to keep up such jobs." "One wonders if it's worth it to appeal. It's not worth fighting for things that you will not get, "he added however.

"Hopefully, Total to hold its engagment"

"It only remains to hope that management will keep its commitments" on the development of alternative activities for refining. "We are no longer sure of anything today. This is the direction that is in a strong position, "said Philippe Wullens yet.

Master Patrick Tillie, a lawyer and employees of the central business, expressed his "disappointment" and his "surprise" after the ruling, "laconic" he said, the court of Nanterre."The court recognizes that there is an obstacle to the right consists of staff representatives, gives the lie to Total, but draws no consequence. Somewhere it says that employees, it counts for nothing, "he continues. And added: "This shows the low esteem that is done on the right of employees and their representative bodies to participate in the evolution of their business. I can only sadly disappointed. "

The crisis has had its effect. The advertising phobia in France is growing "regular and inexorable," says Vincent Leclabart, president of the Australian communications agency. This teaches independent unveiled on Wednesday, the findings of its seventh study, "Advertising & Society", carried out with the institute TNS Sofres. Note of appreciation of the advertising 'continues to decline, reaching 4.2 on 10.80% of respondents equate to "a source of trouble, against 74% last year. Moreover, they are more than 48% to declare him "pay attention", while they were still 57% in 2008. Clearly, the number-advertising after an outburst in 2008, fell to its lowest level, or 14%. And the proportion of-advertising reached its highest level, with 34% of the French.In between, the percentage of the population reported "neutral" remains stable at 52%.

Too much talk about the price

"After a slight upturn in 2009, the French morale relapse and that is reflected, among other things, a general lack of interest which adversely affected all institutions, including media and word marks," says Vincent Leclabart, whose analysis coincides with that of his colleague Laurent Habib (Euro RSCG C & O), in his recent book, Communication transformative. "The crisis has failed to recreate the link through advertising," says Vincent Leclabart. Brands have talked too much about price and the French have lived ill, stigmatized as if their poverty. As for environmental claims, the public becomes full. "

Remain 14%-advertising.They discovered more optimistic than the average French, but also more interested in public life and audiovisual content (news, TV shows, games …). The study of Australia counts among them 64% of addicted to consumption, "while the French population has only 9%, according to TNS. The feel-advertising "pleasure to buy brands to 78% (against 57% on average). Moreover, 52%-advertising have "more and more preferred brands. In this segment, "all indicators are green. Here, advertising is synonymous with truly desire, "says the promotional campaigns behind CIC, E. Leclerc or Bonduelle.

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For the sixth day of strikes and demonstrations held since September against the proposed pension reform, mobilization is not weakening, according to the CGT. The union estimated that 3.5 million people in the street in France on Tuesday, as many as 12 October. The Interior Ministry has yet identified 1.1 million people, against 1.23 last Tuesday. Mobilization is slightly down.

At Toulouse and Rennes, participation on an upward trend, and also in Marseille, with figures ranging between 23,000 demonstrators by the police, and 240,000 according to unions. In Paris, the trend is similar to that prevailing at the national level, with 60,000 protesters identified by the Prefecture of Police, against 65,000 on October 12. For the CGT, however, the Parisian protesters numbered 330,000, as in the last movement guaranteed approval cash loans.

"The reactions of Martine Aubry, and Segolene Royal, present in the procession in Paris:

More info on video itélé.fr

Faced with global figures advanced, Prime Minister François Fillon held on Tuesday before the UMP deputies that the movement "began to falter, but becoming more radical." He was referring to the many excesses that marked the movements of students. Of "slips" under which the President of the CFE-CGC Tuesday called for "a pause to refocus the actions of trade unions" at the start of the parade in Paris.

"The reaction of Bernard Thibault, secretary general of the CGT, the violence:

More info on video itélé.fr

"A call for calm as relayed by Francois Chereque, secretary general of the CFDT:

After the long queues seen at the weekend many gas stations are now dry. According to the Union of independent petroleum importers, between 20 and 25% of the retail stations are dry. "Arguably, the 4000 retail stations which distributes 60% of fuel in France, there are some 1500 out of a product or completely dry," said Alexandre de Benoist, Chief Executive of UIP (retail). They are therefore between 12 and 15% of total stations and other large retailers who are in difficulties.

Repeated calls not to panic will clearly not suffice. All weekend, facing the risk of gas shortage, the French flocked to the pumps, some even filling gas cans as a precaution. Result, fuel sales jumped 50% in recent days.

"There are areas that are in a better position than others," said Alexandre de Benoist. The north is better lodged such as the West. "Brittany is a very worrying situation," he said. "All deposits of Britain currently faced a difficulty. Or they are blocked from the outside, or they are on strike (…), it causes a real supply disruption at the stations, "he added.

The twelve metropolitan refineries are, in fact, still on strike and several oil terminals and depots are blocked.

The optimism persists

Despite those figures, Alexandre de Benoist said that "normally, the situation should improve now."As for petroleum, Jean-Louis Schilansky, president of the French Union of Petroleum Industries (Ufip) estimated Sunday night that "we went to a normal situation" in terms of supply of gas stations with fuel. Sunday there was "less than full anticipation" on the part of motorists, "the appeals to reason seem to have been heard," said his side a spokesman for Total. "A French made an average of one every three full weeks," he said, hoping that the panic settles once the French have made to fill their cars.

On the government side, Prime Minister Francois Fillon, said last night on TF1: "I will not let the French economy choked by a blockade of fuel supplies." The government declared itself ready to "release the deposits" that oil would be blocked by protesters.

Several ministers were meeting at the Elysee Palace this morning around Nicolas Sarkozy. "We basically talked about the issues of fuel supply," said one of the ministers attending the meeting. When asked if the situation worried the government, it said: "We are attentive."

To overcome the fuel shortage, France has also begun to dip into its industrial stocks, said on Monday an official of the International Energy Agency (IEA). Industrial stocks represent 30 days of consumption and add to the strategic stocks, which represent more than 90 days needs, the official said.

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