In other words a failure of the negotiations with the unions is not fatalNo question as to abandon its industrial property3 times its estimated profit 2007 against 14The British plan gives 9 solvency ratios banksIn d'Azur a client empty its accounts and booksIt recognizes the feelings but they are usedThe fall of the European currency continuesTo be wanting that can prevent says conventional wisdomToday this secular commitment is less obviousThe bulk of the depreciations is now passedTake the train in motion is always a particularly perilous exercise. Especially when you leave a coral, safe but loss of speed, trying to stow in a TGV, already launched at high speed. This is what happens to NRJ and which explains the large stock gap created by the media in 2006 values. On the one hand, TF1 and M6 cavorting with generous advertising market share that they are worth their public grids and difficult to displace the viewers ratings. Not to mention Vivendi that properly takes his pin of the game, bolstered by the strong performance of Canal and SFR in mobile telephony. On the other, the group founded by Jean-Paul Baudecroux registers a dramatic decline of 33, doubly penalized by the shortness of its radio and its startups laborious and costly television and telephony. The confidence of investors is much greater that NRJ confronts a chisel devastating effect. On the one hand, to the point where the radio revenues decrease, the opening of the television distribution industry advertising can only accentuate the trend. The other chain TNT, NRJ 12, same reformatted general public, and the conquest of clients by NRJ Mobile cause, for a period longer than expected, but still indeterminate heavy losses that the méforme of the wave cannot compensate.
Carrefour late
The weeks of consumption the most intense benefit not at crossroads. The title ends the year on an increase of 16.2, slightly lower than that of the CAC 40, while he was 15 points ahead early in October. The final decline confirms a sustainable trend. Distribution giant is often left arrow, but on five and ten years, it remains very retard on index: Carrefour gave no enrichment to its most stable shareholders and offers one of the most striking merger cases with Promodès dates back to 1999 destructive value. The highlights have yet agreed in 2006: one thousandth hypermarket opened in Beijing, a million and a half metres square, the best growth of the sales for five years and finally in progress in France market share. Investors bought with hard these first results of the 2006-2008 plan. Until they begin to doubt the maintenance of such a pace and profitability resulting. Today, the still favourable as analysts cling to the idea that Carrefour is the challenge of the plastijo, an area which includes pockets of real growth and where the French group punishment for years, especially compared with the British Tesco. But enough access to the French television advertising screens to restart if heavy machinery
Trench digging
Small steps are often preferred to the giant, and especially when slippery terrain. Cleanup and restructuring of the Agricultural Bank of gigantic projects China, with 100 billion of questionable assets, being in limbo, the leaders of Beijing Rural Bank are well advised to go for foreign investors. The agricultural cooperative bank of Beijing region is in a much better position than the national heavyweight. 12 Billion euros of assets and 500 million of equity, BRB has a dimension that has everything to entice investors. Its "modest" size and its relatively healthy financial situation make it affordable all suggesting a recapitalisation to human size to definitely put it on the right path and enjoy, in the reasonable future, of the fruits of its operational profitability. While the Dutch Rabobank is captured by its investment in the South, the French Credit Agricole, expert in transformation of banks in powerful capitalist tools, has no doubt an opportunity very interesting to take foot on China with moderation and effectiveness.