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The manufacturer of small electrical SEB reported Monday in an operating profit increased more than two as the first half and said he was able to post an annual profit in line with market expectations.

Operating profit amounted to 141 million euros against 63 million euros in the first half of 2009, with operating margin up from 58.4% to 168 million euros. It was brought by a rebound in consumer demand and a reduction in certain expenses compared to the first half of 2009 affected by restructuring charges.

Turnover, published in July rose 13.2% to 1.37 billion euros.In addition to a volume effect due to improved market conditions, sales have benefited from a positive currency effect.

For fiscal 2010 overall, Seb said he was "confident in its ability to achieve sales growth and improved operating margin in line with the expectations of financial markets," while noting "a certain caution.

In the months ahead, the group said it expected "a generally favorable economic situation in Europe, but do not anticipate improvement in the U.S. market, while growth should continue in developing countries.He anticipates a situation "probably less favorable currency" and a "continuous price increases of raw materials".

"We approach and the end of 2010 with confidence, while remaining attentive to the changing economic environment," says Seb CEO Thierry de La Tour d'Artaise, the reported results published in the Evening .

Wall Street rebounded on Friday to show their best gains in nearly four weeks, investors have finally overcome their initial excitement caused by the warning from Intel and its turnover from the chairman of the Fed.

The Dow Jones 30 industrials gained 164.84 points, or 1.65%, to 10,150.65 points.The S & P 500 is broader, took 17.37 points, or 1.66% to 1064.59 points while the Nasdaq Composite Index advanced 34.94 points for his side (1.65%) in 2153, 63 points.

For the week, the Dow Jones fell 0.6%, the S & P 500 lost 0.7% and the Nasdaq has yielded 1.2%.

Stock indexes have fallen sharply in the wake of the intervention of the Federal Reserve chairman Ben Bernanke has held that the economic recovery had slowed more than expected.The Fed chief said the central bank was ready, if necessary, to adopt additional measures to support the activity.

Almost simultaneously, the world's number one PC processors Intel warned that its sales for the third quarter would be below its own original forecast due to weaker than expected demand on the IT market public.

The fall of stock prices that followed has reduced S & P 500 to 1040 points, a key technical threshold which in the past has always had the effect of reducing the buyers on the market.

Investors, concerned over several weeks by the deteriorating economic conditions in the United States, have also been partially reassured by the revision to 1.6% annualized GDP, against 2.4% in the first estimate. They were expecting a decline effect more pronounced at 1.4%.

3PAR CONTINUOUS PAPER

"The economic data, even if it is not good, is better than expected," said Fred Disckson, market analyst DA Davidson & Co..He said some operators have probably decided to cover their short positions given the statistics.

Throughout the session, investors were also interpreted in a more positive statements from Ben Bernanke on the economy, particularly the latter has minimized the risk of a return to recession.

"Bernanke has found his voice saying," We know that the situation is more difficult than expected but we still think we will get out, "said Scott Marcouiller, market analyst at Wells Fargo Advisors.

Despite his warning on the turnover, the share of Intel closed up 1.05% to 18.37 dollars after falling in session at its lowest level since July 2009.The sector index of semiconductors gained 2.07%.

The scoring title has been suspended twice, once before the announcement of the warning and a second time after the initiation of a circuit breaker because of the significant movements on the title.

"Even if it's bad news, she was already in recovery. Obviously, things do not go well, but the action is so cheap that it does not matter," said Stephen Massocca of Wedbush Morgan.

The series 3PAR has also been further developments.Hewlett-Packard has a new statement Friday its offer to purchase the data storage specialist for the increase to two billion dollars (1.6 billion), outbidding Dell for the third time in less than two weeks.

The action 3PAR is the main winner of this showdown, since it ended up 24.7% to 32.46 dollars. Dell has taken 1.17% to 11.89 dollars while HP has sold 0.57% to $ 38.

Atos Origin announced Thursday the acquisition of 100% of the shares of Venture Infotek, a leading company operating in the Indian market for means of payment.

The French services company said in a statement that Venture Infotek established in 1991, covers the activities of purchase card at merchants and processing credit card payments, both for banks and for loyalty programs and government programs .

The projected turnover for 2011 of Venture Infotek, which operates in major Indian cities, reached 30 million euros.The group recorded an average annual growth of 25% over the last three years.

The company employs nearly 500 people and has a market share of around 35%.

Atos did not specify the amount of the transaction, but said she was paid 100% cash at the closing of the transaction and funded through existing credit lines.

"This transaction will be accretive in the first year with strong earnings growth expected in the coming years," the group added.

Home sales in the nine to the United States fell sharply in July after rebounding in June, said Wednesday the Commerce Department.

Home sales fell 12.4% to $ 276,000 annualized units compared to the figure of 315,000 (revised from 330,000) for the month of June They also show a decrease of 32.4% compared to 2009.

The pace of July is the lowest level recorded since the statistic is, in 1963.

Analysts polled by Reuters had forecast on higher sales in the nine to 330,000 units last month.

The jump in June has reduced the stock of housing available to 9.1 months of sales, against 8.0 (revised from 7.6) in JuneThe number of new homes for sale is unchanged at 210,000, the lowest since September 1968.

The median price of new homes fell to its lowest level since December 2003, to 204,000 dollars.

American International Group announced Monday it paid nearly $ 4 billion (3.2 billion euro) loan to the State, which represents the largest payment made to date by the insurer.

This payment reduced by an amount equal ease credit opened by the Federal Reserve Bank of New York for the benefit of the insurer to $ 30 billion.The amount of funds remaining to be repaid by AIG primarily, excluding fees and interest charges, is now a little over 15 billion dollars.

AIG has made the refund due to 4.4 billion dollars raised by International Lease Finance Corp. (ILFC), the aircraft leasing subsidiary of the group.

AIG is owned 80% by the U.S. government bailout since September 2008. In addition to ease credit by the Fed, he will also pay $ 49 billion of preferred shares held by the U.S. Treasury.

At 5:25 p.m. GMT, the share gained 0.6% AIG to 35.38 dollars.

TF1

The chain has spent 87 million euros for the rights to broadcast the World Cup. It is clear that premature removal of the Blues success of the private hearing and thus advertising revenues. A shortfall estimated at 10 million euros per Reload, the research firm the Publicis Group. But TF1 fear was that the Blues are not even qualified for the finals, claims to have anticipated this scenario.

Sponsors

Since the farce of this weekend on the "traitor" and the strike is the stampede. Some are content to keep a low profile, as SFR has "nothing to say" and Carrefour, which has invested 4 million euros. Others have outright stopped their advertising campaigns, such as Credit Agricole and Quick, who had bet on Anelka."The public announcement will withdraw its support to a team whose image is tainted, decrypts in this interview Gilles Laurent, Professor of Marketing at HEC, therefore, aware of his image, leave with dignity and say I do not eat not that bread, I even gave up the money spent on broadcast ". But it is only one solution to the crisis, which comes just days after the incident, and that can not be systematized. "Some partners will not react to hot, but considering a challenge to the contract with the FFF. C is the case of SFM, from The Post, is "sickened" by the case. It is true that the group is between 2.5 and 4 million euros per year on the table.

The Nike case

The U.S. supplier was all smiles he could rob the team of France at Adidas jersey sponsor since 1972 as stated in this article in L'Express.To pocket the contract which runs from 2011 to 2018, Nike has put on the table 42.5 million euros. The group arrives at the wrong time. But counting on a surge initiated by Laurent Blanc for his investment remains profitable. Adidas, he ends his historic partnership with the Blues in capilotade, but did not want to push the team of France and maintains its communication state.

FFF

The French federation is not necessarily losing. As explained in L'Expansion Loïc Yviquel, founder of sports marketing agency Sportlab, partnerships which have been concluded until 2014 resulted in an increase in revenues of 30% for FFF the period 2010-2014. But she could not get out so easily. Some sponsors may require an overhaul. As explained by one of them to Echos, "We will discuss among adults and partners and see how that does not happen again.The federation must be held to account. We, we put the balls, what's the return? ". Some analysts, however, qualifies the threat. In the Figaro, one of them and says:" The team is moving. The ship sank today, but it will be rebuilt. It's time to come. If a sponsor, I think that the FFF have no trouble replacing it.

Trade

Paris sites online, cafes and restaurants, media, tour operators … many sectors will be affected by the elimination of France, as evidenced by the expansion in this slide show after the defeat against Mexico. Not enough to impact the growth.But the presence of the Blues in quarter-finals of the World Cup would still be able to report 874 million euros in the retail and café with 92 million, an increase of 2% compared to the normal consumption in June and July, according to a report very seriously the Center for Retail Research in Nottingham, mandated by the compare prices "Track".

The Spanish economy has experienced growth in the second quarter a little stronger, thanks to strong exports and a recovery in domestic consumption, but it lags behind the euro area as a whole, given the projections Bank of Spain.

The latter, often precise, gave Friday a GDP growth of 0.2% a quarter over quarter, against 0.1% in the first quarter, when Spain was out of a recession 18 months .

This rate of growth equal to Reuters, but remains well below the growth rate of 0.6% estimated for the euro area as a whole, indicating that Spain is still struggling to emerge from a recession definitely violent, even if its debt and banking sector are less worried.

The Spanish GDP shrank 0.2% in the second quarter, on a yearly basis, always according to projections by the central bank, analysts are pessimistic because the austerity measures agreed across Europe do not bode well for the second semester according to them.

"The second quarter GDP is in line with forecasts but it remains relatively disappointing compared to other countries in the euro area," said Luigi Speranza, an economist at BNP Paribas.

"We expect a stagnation in the third quarter and negative growth in the fourth witness to expectations of a global slowdown and in some countries in the euro area as Spain where the impact of austerity measures and the increase in VAT will occur.

The official publication of GDP will be August 13 and before that, the central bank believes that domestic demand will likely continue to recover in the medium term.

"The recovery in domestic consumption observed in previous months has continued during the second quarter, growth from one quarter to another is estimated at 0.7%," she observes, in his quarterly newsletter.

Spain emerged from a terrible period, from March to June, when the widespread distrust of markets, which already saw in the same situation as Greece, caused an unprecedented rise in spreads of sovereign bonds.

Economic statistics were somewhat relaxed climate, but economists believe the country can hardly do better this year, his performance in the second quarter and many of them prophesy a relapse into recession during the second half.

Spain incur a further penalty of markets if growth does not show up to the expectations of government.Spain hopes to reduce its budget deficit to 3% of GDP by 2013, the maximum allowed by the Stability and Growth of the European Union, against 11.2% in 2009.

Many economists and the International Monetary Fund (IMF), are doubtful that Spain could reach 1.3% growth in 2011 and 2.5% in 2013, as the Madrid plans, insofar as it is Unemployment is highest in the euro area, 20,09%, and that austerity measures will take effect from the second half and 2011.

Deutsche Telekom reported results in line with the expectations for the quarter, while reaffirming its financial targets in the light of strong gains posted in Germany, its main market.

The Chief Executive Rene Obermann, on Thursday confirmed the group's forecasts based on the results of the first six months of the year and said the group's business in Germany was again competitive.

Around 7:20 GMT, Deutsche Telekom's action, however, yielded 0.71% to 10.42 euros while the index grouping the European telecom stocks fell by 0.36%.

The group is currently seeking to divest itself of its unprofitable assets, grow in the south-eastern Europe and to invest in Germany.

These last three years the group has disposed of many assets and established a joint venture last year in Britain with Orange, France Telecom.

Earnings before interest, taxes, depreciation and provisions for depreciation of German telecoms operator, not T-Mobile UK, its joint venture with Orange UK stood at five billion euros in the second quarter, down 4.7%, while its revenue fell 4.4% to 15.5 billion euros.

The consensus of economists surveyed by Reuters was 4.96 billion euros and EBITDA of EUR 15.35 billion turnover.

In Germany, the group achieved a turnover of 6.2 billion euros in adjusted EBITDA of 1.41 billion, while the United States the company generated sales of 4.19 billion euros to adjusted EBITDA of 1.12 billion.

Deutsche Telekom reaffirmed its target of an EBITDA of around 20 billion euros this year, with a cash flow of approximately 6.2 billion euros.

"The numbers are in line or slightly better adjusted basis, but should not be good enough to prevent profit-taking after recent strong performance (the title)," one trader said.

T-Mobile USA, one of the Achilles heels of the group, has reported a drop in gross operating income adjusted by 4.8% and a revenue increase of nearly 7 %.

The group said "the signs of a stabilization of T-Mobile USA are becoming more visible" but the total number of customers decreases, the result of a decline in its prepaid segment.

The group nevertheless expressed optimism thanks to the increased use of smartphones and therefore an increase in the average revenue generated by its customers in the United States.

Indices except Germany and Switzerland, the European stock markets closed with losses Monday, investor confidence has been eroded by the release of poor U.S. data.

In Paris Bourse, the CAC 40 index recorded a loss of 0.12% to 3747.51 points.

The bank, which had led to post solid gains yesterday, retreating, as well as mining react to lower copper prices and subjected to profit taking.

U.S. statistics published in the day further fueling fears of a relapse of the U.S. economy.

The losses have been limited by some good company results welcomed by investors, such as BMW, closing up 3.08% after publishing a quarterly profit above expectations, DHL or Deutsche Post rose 3 7% after raising its forecast for 2010.

The Paris Bourse, as all European markets ended sharply higher Monday, its highest closing level in three months, boosted by good performance of banking and macroeconomic indicators in Europe and the United States tried reassuring.

The CAC 40 index closed with a gain of 2.99% to 3752.03 points, its highest closing level since May 3, in a volume of 3.37 billion euros for single values of ACC and 3.93 billion for the whole market.

Other major European markets were also awarded between 2% and 3%: London took 2.65% and 2.34% Frankfurt.As for the European indices, the EuroStoxx 50 won 2.92%, also at its highest for the last three months, and the Eurofirst 300 rose 2.4%.

"The markets are worn since the beginning of the session by financial stocks and a positive feeling about the results in general," said Philippe Gijsels, head of research at BNP Paribas Fortis Global Markets.He notes that the market is also benefiting from positions taken earlier this month.

"Moreover, the macroeconomic figures in Europe are strong enough and good level of U.S. ISM index shows that the global economy remains fairly strong," he adds.

The PMI purchasing managers in the euro area reflects a slight improvement in the industry in July.

In the U.S., the ISM manufacturing index for July came out down compared to June, but stronger than expected.

In addition, the U.S. Department of Commerce announced an unexpected rise in construction spending in June

BNP Paribas, largest contributor to the increase in ACC surged 5.27% to 55.490 euros after posting second-quarter results better than expected and have displayed a calm face austerity plans in Europe.

HSBC (5.26%) also supported the rating in Europe after a result far exceeds expectations.

In Paris, ArcelorMittal, the largest increase in the CAC 40, took 5.86% to 24.760 euros, supported as the entire steel sector in Europe, with an index of purchasing managers found comforting Chinese .

The oil and oil services surged in the wake of U.S. light crude which is addressed to 81.30 dollars a barrel, up $ 2.35.Technip has been 5.15% and Total 53.730 EUR 39.910 to 3.10%.

Upon closing, the euro was trading at 1.3181 / 83 dollar against 1.3060 the previous day in the afternoon. The single currency boosts its earnings after having crossed a key technical level.