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Vallourec in the third quarter profit up 8.8% to 115 million euros for a turnover of 1.189 billion, up 21%.

"These are good results that allow us to measure progress since the low point of activity in the third quarter 2009," said Philippe Crouzet, CEO of Vallourec.

The group also showed slightly more optimistic about its goal of operating cash, announcing Tuesday that it expected to be in the second half to a level "close" to that of the first. During the presentation of its interim results, the group announced expect a gross operating margin "slightly less" than the first half of 2010 (20.6%).

Refusing to speak explicitly of upward revision of this objective, the CEO of Vallourec Philippe Crouzet spoke during a conference call "a shade up" no faxing 1 hour payday loans. "This is quite consistent with what was envisaged at the end of the first half," he added.

The group benefited from strong markets for oil and gas, "said Crouch. The activity of oil and gas group in contrast over the same period rose 40% to 453 million euros. "The outlook remains good in the oil and gas," said Philippe Crouzet, noting that the activity energy supply should in turn reach its low point in the fourth quarter.

Concerning the beginning of 2011, Vallourec estimates that overall market conditions should continue, allowing his factories to operate at a high level.

"The rigor promised not to go." While the draft budget for 2011 Finance Bill arrives on the table of the Senate Finance Committee, centrist president, Jean Arthuis, accuses the government of failing not keep its commitments. "The account is not there," he said in an interview with the Journal du Dimanche.

The government has planned at least 40 billion euros in savings in the 2011 budget. The Economy Minister Christine Lagarde and Budget Minister, Baroin, rely on freezing state spending, a timid economic recovery (2% in 2011 after "at least 1.5% this year ), and a "movement of the plane" of 10 billion euros in the fiscal and social niches.Objective: To reduce the public deficit of 7.7% this year to 6% in late 2011.

The draft Bercy reduced by 5% and operating expenses of government intervention should help achieve 7 billion euros in savings, according to Christine Lagarde and Baroin. "Now we see in the bill that finances the initial drop of 0.5% and seconds, less than 1%," warns Jean Arthuis. "When you look one by one the expenditure concerned, we measure the political difficulty in reducing them, as tax loopholes," he laments.

In 2009, public expenditure (covering the expenses of government, parastatals, social systems and local) have reached a historic record. They represented 56% of GDP, according to a report published by low fee payday loans Bercy.While the government has made controlling spending and reducing the deficit a priority, the chairman of the Senate Finance Committee considers that 'the effort itself remains very modest. " According to him, "reducing the government deficit is mainly explained by the end of the stimulus, the Big Loan and reform of business tax."

The taboo on raising taxes

For Jean Arthuis, a taboo must be lifted, that of raising taxes. "The president made a speech on farm taxes, excluding any overall increase. It is inevitable in my opinion. "The former economy minister openly advocates an increase of CRDS, a VAT rate of between 10% and 12% in catering and construction and finally," for justice ", the end of the tax shield and the ISF.To offset the revenue loss that would be linked to the disappearance of these devices, it offers "a slice of income tax to 45%, higher taxes on capital gains and inheritance tax."

More generally, there is the competitiveness of France, said Jean Arthuis, who said that "we must stop burdening the production cost of health and family policy."

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The CAC 40, which pierced the helm of the 3900 points on Thursday, he regained consciousness Friday, while Wall Street closed on a sharp increase on Thursday night and that the Asian stock markets show to turn their good mood this Friday morning (Tokyo rose nearly 3%). Around 11 am, the CAC 40 index falls into the red (-0.11% to 3912.44 points) after playing in the green in the morning, and after an increase of nearly 2% the day before .

On the foreign exchange market, the euro remains firmly installed above $ 1.41 and remains close to 1.42. According to technical analysis, "all indicators are green for a continued surge in the euro, with 1.46 as the target faster." The Fed has boosted the war of currencies.

On the oil front, crude odds over $ 87 a barrel.Gold, himself, rose to levels not seen Thursday in New York and London, first crossing the threshold of 1390 dollars, after the weakening dollar prompted by the announcement of stimulus U.S. Federal Reserve.

This Friday, we expect retail in September at 11 am for the euro area. United States, the highly anticipated figures of unemployment and employment in October appear to 13.30, as well as the promises of home sales in September. At 20 hours, released figures on consumer credit in September.

Rain of Chinese contracts

Visit France until Saturday, Chinese President Hu Jintao has enabled France to sign contracts for 20 billion dollars.

Airbus 102 aircraft to provide 14 billion dollars and Areva (0.99% to 353.20 euros), 20,000 tons of uranium for $ 3.5 billion.Total (-0.46%) will invest up to approximately $ 4 billion in a petrochemical plant.

Moreover, the president of Areva, Anne Lauvergeon, spoke in an interview on Radio BFM the possibility that Mitsubishi makes a contribution of around 2% stake in Areva.

Axa. Talks have resumed between the insurer and its French counterpart on a possible Australian AMP new offer on the Asian subsidiary of AXA, AXA Asia Pacific.

Survey on the rise of LVMH capital of Hermes

LVMH (+0.21%). The Autorité des marchés financiers (AMF) will investigate the surprise entry of the luxury group Hermes capital (+0.8%) in late October.

Renault (1.46% to 40.36 euros, the biggest increase CAC 40) said Thursday evening that its subsidiary to 43% Nissan contribute its results to the tune of 403 million euros in the third quarter of 2010.Nissan released its results on Thursday, the latter being offset from those of Renault's financial year covering the period between 1 April 2010 to March 31, 2011.

STMicroelectronics (0.58% to 6.46 euros). RBS raised its recommendation to "sell" from "hold".

Alstom (-0.63% to 35.57 euros) is still furious cons Eurostar Group increases its offensive to quash the legal tender won by rival Siemens. This contract of 600 million euros has escaped from Alstom, which is struggling to fill its order book.

Yet the results and turnover cascade

The construction materials group Lafarge (-1.88% to 44.39 euros, the biggest drop CAC 40) announced Friday morning that it had decreased by 8% to 372 million euros in net profit in the third quarter, but up 6% to 4.498 billion euros in sales.Lafarge is followed by Alcatel-Lucent continues to be snubbed after the lantern Uygur Thursday.

French reinsurer Scor The (+1.64% to 17.99 euros, one of the largest increases in SBF) posted third quarter net income rose 18% to 111 million euros, above expectations and supported by higher premiums and margins improved significantly, according to a statement released Friday.

Euler Hermes (+1.64% at 68.20 euros) announced Thursday a further improvement of its performance in the third quarter due to continued recovery of the global economy, and announced a future three-year plan designed to boost its growth and profitability

M6 (+1.4% at 18.86 euros) announced a further increase its sales in the third quarter, the M6 has recorded its largest advertising revenue for two years over this period.

For his part, TF1 has the highest increase in DSO: 4.33% to 13 euros. JP Morgan raised its recommendation from "neutral" from "overweight." The title shows its seventh consecutive increase.

NRJ (+0.40%) reported an increase of 11.2% of its turnover in the third quarter and said its advertising revenue had risen in France in October compared to last year.

Gecina (+0.1%) announced a decline of 5.1% of gross rents in the third quarter, in a sluggish economy have led to further downward renegotiation of contracts for offices and an increase in the vacancy rate in its logistics hub.

Figures Eiffage and Bongrain are expected tonight after-hours trading.

I thought the world specialist in the political formula, the brilliance of truce, the trait of humor municipal, Sacha Guitry of the little phrase I would talk about the job interview as a person. Nope! André Santini may well have accumulated mandates, transformed Issy-les-Moulineaux it administers for 30 years in the nursery start-ups, spent time with all the bosses of Ile-de-France and brag about running a business Hall-Hi Tech. Dede Well, as some call it, Dede is the long digression.

It has so many stories to tell that escapes when you hold it and believe it is quiet, it's the anecdotes that occur in his narratives of interviews throughout the course.After 45 minutes, you end up asking you if your behind that sly, mocking those eyes and the way you walk 60 minutes, do not hide a proven technique commonly called "red herring" no teletrek payday advance.

And then comes the miracle. Is it fatigue, exhaustion from the subject, you coward, perhaps reluctantly, a small bomb. Mayor pays particular attention to writing, so believe in graphology and as if that were not enough, he adds mid-mid-fig why the astrological sign is important. So you insist, you try to make him rewrite the thing, you come back, but the animal sensed the danger and closes like an oyster.

It remains a pleasant interview, but you go out with a form of frustration. The man behind this interview, another appointment.We do not teach old dogs new tricks or consult the horoscope. You would have missed the boat? Santini at the turn of a phrase puts me on track. It is Libra. Aquarius is not his favorite sign. And I'm Aquarius. QED?

Ryanair will she desert Corsica? The Irish company, serving for a year and a half Figari airport in the south of the Island, has suspended its flights last October 30. Ryanair linked the town of Corsica in London three times a week and Charleroi (Belgium) twice a week.

The suspension of flights was due to the refusal of some communities to contribute their share to the Irish company, according to AFP. "False," replies Jean-Francois Santoni, the director general of the Chamber of Commerce and Industry of Ajaccio and Corsica. "It was always intended that the routes operated by Ryanair have a seasonal activity, between April and October.It was the legal framework. "Since the creation of two lines in June 2009, 83,000 passengers flew from London to Figari Figari and from Charleroi.

But the Belgian passengers, who have taken a liking to resorts on the Island of Beauty, had a chance to see the line continued past winter. "This year, we were unable to mobilize the necessary funds to continue the line," agrees Jean-Francois Santoni. Ryanair receives 600,000 euros per year effect of local, tourist offices, consular bodies in Corsica.

60,000 euros have breached

This year, the account was not there. He has failed around 60,000 euros in cash to extend flights from Charleroi from 1 November. According to Jean-Marc Serra, director of Figari airport, administrative delays are Corsican real cause of the suspension on line pay day loans winter.The addendum to the contract stipulating the maintenance of the line should have been signed in August. "It's a pity that we proved last winter, we could attract tourists in Corsica in Northern Europe for short breaks, which ensures an economic activity at Throughout the year, says he. We established this company with a true partnership. We believe even open up new lines next year Figari linking to Sweden for example. "

A study on the economic impact of low-cost airline, led by the Chamber of Commerce and Industry of Ajaccio and Corsica, a euro paid to Ryanair would garner 45 euros. On Tuesday, the spokespersons of the Irish company would not comment on winter break. They prefer to let the Corsicans provide their own explanations.Meanwhile, the suspension of flights should at least serve to spur financial backers for next year.

"We must stop talking about subsidies paid to Ryanair, said Jean-Marc Serra director Figari airport. We all need to realize the asset it represents for our economy. "

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