Puma anticipates an increase in its adjusted operating profit in 2010 compared to 2009, the global economic recovery had a positive effect on demand for sporting goods.
In exchange, Puma loses 2.6% in the first exchanges in a market up slightly.
The world's third largest industry, behind the U.S. and fellow Nike Adidas, had a first revised upwards its 2010 targets in April.
He then said he planned to grow its annual turnover between 0% and 5% but closer to the bottom of this range, and a growth of at least 70% of its taxable income.He confirmed that goal Thursday.
Consumer confidence has reached a peak of 26 in July in the euro area, which gradually takes shape of the debt crisis but the longer-term prospects remain uncertain.
The adjusted operating profit came out of Puma up 1.7% to 64.1 million euros in the second quarter, slightly below a Reuters poll that gave 69 million.
Turnover increased 2.5% to 615.4 million euros (consensus of 628 million), while net income increased by 16.4% to 44.8 million (consensus: 49.1 million).
The subsidiary of PPR, which also announced Thursday the launch of a share repurchase program, has a PER of 13.7, whereas it is 15.1 to 17.1 for Adidas and Nike, according to Thomson Reuters StarMine.
The action gives 2.3% to 230.45 euros in early morning.
Spir Communication has again suffered in the first half of the decline in sales in the free advertising press, but cost reductions have allowed it to stabilize its margin.
The media group and distribution of printed materials and packages still struggling to develop its model based on formerly free press announcements, but he expects further restructuring to achieve its objective of restoring the balance operational 2010.
Spir has declined by about 10% of its total turnover in the first half to 280.7 million euros, with a fall of 15% of cluster media, press and internet, and 6% of the segment distribution of printed advertising.
"In the context of an advertising market remains uncertain, Spir Communication is continuing its transformation and is maintaining its target for operating profit to breakeven in the year 2010," the group wrote in a statement.
The operating margin improved slightly semester to 1.7% (+0.2 points) thanks to cost efficiencies, including through a plan for adapting the press division, started in 2009, which reduced by 22% operating losses of this segment in the first half.
The group aims to reduce the share of sales made in the traditional activities of the press free to print ads in favor of a growth in Internet sales.
The press had in the first half for nearly 30% of total turnover, against 12% for sales generated by the division of Internet media.
The action Spir stable closed Tuesday at 16.40 euros in a market capitalization of just over 100 million euros.
Wall Street operates on a hesitant note in early trading, pending the publication of monthly statistics of sales of new homes.
The major indexes started up after raising earnings forecasts from FedEx Group but they quickly moved into the red.
Ten minutes into trading, the Dow Jones was almost in equilibrium at 10,427.27 points, the Standard & Poor's 500 index was virtually unchanged at 1102.91 points and the Nasdaq Composite Index retreated 0.16 % to 2265.93 points.
FedEx earned more than 4% after raising its earnings forecast for the quarter and year.
Values pharmaceutical react to rumors of acquisition of biotech company Genzyme. Genzyme earned the title at 5.33% 65.85 dollars in early trade.
Finally, the BP side as New York took 2.79% to 37.89 dollars before the board meeting, scheduled for Monday evening, which could define the modalities of the departure of CEO Tony Hayward and announce his replacement by Bob Dudley, the American leader who also oversees the fight against the oil spill.
French banks BNP Paribas, SocGen, Credit Agricole and BPCE, parent company Natixis, have passed the stress tests conducted by European authorities said on Friday the Bank of France.
In a statement, the regulator said that following the test on a scenario of economic decline worse than expected and a new crisis on the European sovereign debt, the four French banks show a ratio of Tier One financial solvency through 9 3% at end 2011.
In this scenario, which holds a particular hypothesis of two years of recession in the euro area in 2010 and 2011, European regulators demanded that they tested 91 European banks show a ratio of at least 6%.
"This is a satisfactory result, not surprisingly, is quite comforting," said Christian Noyer, Governor of the Bank of France at a press briefing.
Christian Noyer, who is also member of the Governing Council of the European Central Bank, said that the total exposure of the four French banks, European sovereign debt amounted to 240 billion euros at end-March, which accounted for 43 billion in their "trading book" (portfolio of financial assets).
He also explained that a risk of default on sovereign debt of a sovereign state had been excluded from testing scenarios.
To restore investor confidence, the European Union 91 European banks submitted to stress tests to ensure that their capital was adequate to cope with a worsening economic conditions and financial market shocks.
Led by the Committee of European Banking Supervisors (CEBS) and drawing lessons from the debt crisis of Greek, tests have included discounts which reduce the market value of some bonds.
Fears of contagion in Europe of the fiscal crisis of Greece has weighed heavily in recent months on financial stocks.
The sector index Stoxx 600 European banks yields almost 5% since the beginning of the year.
Plastic Omnium said Thursday confident the second half after a first half of the year marked a rebound in net income and revenue thanks to the automobile and the environment.
The group specializes in large plastic parts for the vehicle (body and tanks) or for the collection of waste (containers), posted first half net profit of 72.3 million euros, against eight million a year earlier.The results of the last six months is more than double that achieved all of 2009.
"The activities of Compagnie Plastic Omnium will continue to appear dynamically in the second half of 2010," the group said in a statement.
The title, which earns more than 106% since the beginning of the year, bringing its market capitalization to nearly $ 700 million, has risen by 4.5% to 39.82 euros ten minutes after the opening of trading Paris.
If the turnover of Plastic Omnium has fallen 15% in France, total sales were up by 28.5% to 1.52 billion thanks to a near doubling of sales in North America and Asia.
Emerging markets (Brazil, Russia, India and China) now account for 9% of turnover Automotive Group, a proportion expected to rise "significantly in the next three years," said Plastic Omnium.
This balance, which specifically involves the construction of five new plants should help offset the slowdown in the European car market anticipated the second half of the year with the gradual disappearance of the last car scrapping.
Plastic Omnium has also stated that the acquisition of 50% of the Belgian Solvay Inergy Automotive Systems, a leading global fuel systems and fuel tanks, which the project was announced in June, is expected to close shortly and completed by the end of the year if the competition authorities give green light to the operation.
In the environment, the group's turnover increased by 6.2% in the first half thanks to the development of sorting and of underground containers for the collection.
The Nikkei ended down 0.23% Wednesday, penalized by concerns about the strong yen and doubts over the sustainability of U.S. economic recovery.
The Nikkei lost 21.63 points to 9,278.83 and the broader TOPIX, sold 2.9 points (0.35%) to 829.35.
While studies suggest that the Chartists fall posted recently by the Japanese stock markets draws to a close, the lack of enthusiasm shown by the indicators U.S. leaves investors hungry.
The other major concern is the expectations raised by the publication Friday of the test results of resistance experienced by 91 European banks.
For values, trading companies sector has experienced a painful session after the publication of an article revealing that Daiwa Securities Nikkei was likely to report a loss for the period April to June due to instability markets after the crisis of European sovereign debt.
Daiwa Securities dropped 3.46% and its rival Nomura Holdings fell 3.81%.
Pason Group meanwhile plunged 5.77%, the investment group of employees who predicted an annual loss due to the hardness of the labor market.
Soitec said Monday sales of 2010-2011 in the first quarter increased 56.5% over the same quarter in 2009-2010 and 9.6% from the previous quarter, against a background of strong demand and thanks to a favorable currency effect.
The world's leading manufacturer of silicon-on insulation (SOI) for the microelectronics industry said in a press having achieved sales of 68.6 million euros over the period April to June 2010.
Soitec anticipates sequential growth in sales over 20% in first half on the basis of one euro to $ 1.27, with a return to balanced operating income, including its new photovoltaic business Concentrix.
"The latest information on the second quarter show a level of wafer sales support," said the company in a statement. "On a sequential basis, the quasi-stable plate sales at constant exchange rates to continue to support the initial prediction of the group given the correct orientation of the demand," she adds.
Soitec announced in May that a return to operational balance power could intervene in the first half, Concentrix out after a loss of 28.9 million euros in 2009-2010 and 28.4 million in 2008-2009.
Soitec acquired last December 80% of photovoltaic systems provider Concentrix.
The NYSE has ended sharply lower Friday, the Dow Jones industrial yielding 30 261.41 points, or 2.52%, to 10,097.90 points.
The S & P 500 is broader, lost 31.62 points, or 2.88% at 1064.86 points.
The Nasdaq Composite fell 70.03 points on his side (3.11%) to 2179.05 points.
The chances of achieving economic growth of 2.5% in France in 2011, as required by government depart according to a Reuters poll of economists, who consider the measures of fiscal consolidation in Europe will weigh on demand .
Seventeen economists polled by Reuters expect, thereby increasing the gross domestic product by 1.3% next year (median forecast), against 1.7% in a poll conducted in April equivalent.
The median forecast for 2010 is 1.3% against 1.4% in April.
"The austerity measures in France and neighboring countries will weigh on demand and we expect a decline in consumption and investment in a number of European countries," said Maxime Lemerle, an economist at Euler Hermes.
Economists now expect that consumer spending, a pillar of French growth, will increase by only 1.1% in 2011, when they expected 1.4% in April.
Over two thirds of French exports to Europe by the weak demand in the region should weigh heavily on trade, according to Maxime Lemerle, which forecasts growth of 1.1% of GDP in 2011, a cons, 8% previously.
The government expects growth to reach 2.5% annually between 2011 and 2013, which would help reduce the government deficit from 8% in 2010 to 6% in 2011, 4.6% in 2012 and 3% in 2013 .
Slower growth could lead to additional measures to reduce the deficit or raising taxes.
"If we have less growth, certain expenses will tend to increase as those related to employment. So I think they might have to raise taxes a bit," said Dominique Barbet, economist at BNP Paribas.
The Economy Minister Christine Lagarde said she would not rule to revise the growth forecast for 2011 after the publication in mid-August GDP figures for the second quarter.
His counterpart on the Budget, Baroin, said the deficit reduction targets were met, although growth was below forecast.
The government plans to reduce the deficit to 6% in late 2011, 40 billion euros less than in 2010.According Baroin, 15 billion will come from the extinction of the recovery plan, saving 14 billion and 11 billion of revenue increases.
Wall Street has ended sharply higher on Tuesday, posting a sixth win in a row, in response to results and forecasts of Alcoa aluminum companies.
Alcoa reported Monday better than expected quarterly results while revising upwards its forecast for global demand for aluminum.
Alcoa shares closed up 1.2% to $ 11.
"The fact we think this trend (solid results) will contribute to re-confirm the risk in the market," said Peter Cardillo (Avalon Partners).
The Dow Jones gained 1.44% to 10,363.02 points. The S & P 500 has been 1.53% to 1095.29 points.The Nasdaq Composite Index advanced 1.99% to 2242.03 points.
The S & P has gained over 5% last week, the highest weekly gain this year and scholars eagerly awaiting the results of companies to see if this rally is justified.
But the decline in volumes worries some analysts. The volume on Monday fell to a new low of six months, observes Scott Fullman (WJB Capital Group). He also noted a decrease in the total volume of options.
Low volumes generally pass to denote a lack of conviction of investors.The summer period, however, may also explain the slowdown.
Statistic of the day was the trade deficit widened in May to its highest level since November 2008.
The Apple stock has yielded 2% to 252.11 dollars, after the site specializes Consumer Reports had indicated that he did not recommend the iPhone 4, his tests have confirmed a loss of signal when the handset is required to somehow.
Action Research In Motion, maker of the Blackberry competitor, has instead increased from 3.35% to 55.6 million.
Intel, which was to publish its quarterly after the close, gained 2.14% to 21.01 dollars.
The auction site eBay jumped from 4% to 21.02 dollars.
And even if it is pursued by XPRT Ventures company which is claiming nearly four billion dollars in damages for alleged infringement of six patents related to the development of related payment systems such as PayPal.