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Paris and London exclude build together an aircraft carrier

France and Britain agreed Friday to pool some of their defense programs, including the A400M aircraft, but have ruled out building an entire aircraft carrier.

The defense ministers of both countries met in Paris to discuss their weapons programs in times of fiscal austerity that strikes the two countries.

'It is logical to examine the issues where we can share the assets rather than acting separately, "said the British minister, Liam Fox."It's a purely pragmatic."

His French counterpart Herve Morin said a series of tracks were considered, including on the A400M transport aircraft, tanker aircraft and naval assets.

On the A400M EADS, he added that cooperation would cover the maintenance, operational maintenance and possible pooling of fleets.

But he stressed that the use of common carriers was not currently planned.

Sodexo and Publicis still considered the best candidates for CAC 40

Sodexo and Publicis are the best candidates for an entry in the CAC 40 if a change in the composition of the index consider Friday traders and analysts surveyed by Reuters.

Similarly, they cite Lagardère and Accor among potential exits.

The date of the quarterly meeting of the scientific evidence of NYSE Euronext is not official, but the rule is that the announcement of possible changes to make at least two weeks prior to their implementation, expected by Friday 17 experts September after-hours trade.

If this were the case, the announcement of these changes would take place and by the opening of markets on Monday.

In NYSE-Euronext, it provides no details relating to the timing of the board index this month.

Anyway, despite rumors of "spring cleaning" in the ACC, experts expect instead that the board does not make big changes, consistent with its having indices relatively stable in their composition .

"The board will be rather conservative.I do not see a huge overhaul with multiple inputs and outputs of the ACC, "said a quantitative analyst, who declined to be identified.

LAST CHANGE: REPLACED BY TECHNIP FRANCE AIR

In a recent note available on the market, Exane BNP Paribas said it expects "no more than a change" in the ACC.

The last change in the composition of the CAC held a year ago with the release of Air France-KLM, which had been replaced by Technip.

In addition to Sodexo and Publicis, the experts also cite Natixis as a title of CAC Next 20, CAC 40's antechamber, the best position to take the step, under the criteria for capitalization and liquidity cash loans.

However, despite its increase of 24% since the beginning of the year, the already substantial weight in the ACC Bank, an extremely volatile, could play against her.

"Sodexo and Publicis Groupe candidates are the most balanced. Liquidity Sodexo is not as good as the Publicis Groupe, but its market capitalization is greater than the group of advertising," wrote analysts at Exane.

"If I had to choose, I choose Sodexo, which is the largest value of the relatively liquid CAC Next 20," said a quantitative analyst based in London."But they could also decide to do nothing at all," he adds.

Side exits, Dexia is also cited as potential exits, but the board index could drop to the negative impact this could have on the bank in trouble, say some stakeholders.

Lagardere, by far the lowest capitalization of the CAC 40, and Accor, whose size has declined since the graduation of its services business Edenred are most clearly eligible, they are likely to emphasize.

Changes in the composition of indices cause movements in the securities on the part of managers that replicate indices.For example Sodexo and Publicis, an entry in the ACC lead, respectively, equivalent to 13.1 purchases and 8.6 days of trading, while for Lagardere, would represent an output equivalent to 14.3 days sales transactions, Exane analysts said.

Women's magazines Be and Envy are about to merge

Lagardere Group and Marie-Claire will announce on Friday the merger of their respective women's weekly, Be, Envy, launched in spring, following the slowdown in sales, "wrote Le Figaro.

The announcement comes as the magazine Grazia, the Italian group Mondadori, celebrates its first anniversary, the newspaper said.

Lagardere Active said Thursday it would make an "important announcement" on Friday morning, without further details.

"The proposed merger of two weekly was presented yesterday to the works of two groups," said a source quoted by Le Figaro.

To move into the niche market of women but crowded, Lagardere had decided in March to create the brand Be, both magazine, website, television series, application for the iPhone and web radio.

Lagardère Group owns 42% Marie Claire, one of which minority interests Arnaud Lagardère, general partner of the group, reiterated Thursday night trying to get rid.

"Be" was the first launch of magazine audience Lagardère since 2003. The group, which had invested some 20 million euros rough in launching this new brand, targeted a breakeven within three years.

According to Le Figaro, the approximation of the two week early due to faltering sales.Be seen its circulation fall to 171,397 copies sold in late June against nearly 230,000 at the beginning, while qu'Envy barely exceeded 160,000 at the same time cons over 240,000 at its launch in February.

Crédit Agricole sealed by its subsidiary in Greece

Crédit Agricole has extended by one year the return to profit of its Greek subsidiary Emporiki due to credit losses more than expected because of the recession in Greece. The woes of its Greek subsidiary Crédit Agricole will require to spend a further depreciation of 400 million euros in its accounts the second quarter, after the 500 million spent last year.

The French bank, which bought Emporiki in 2006, told analysts still expected a pretax loss of 130 million euros for its subsidiary in 2011, instead of a profit of around 10 million expected initially. For 2010, the expected loss for Emporiki will also increase, to EUR -750 000 000 -350 000 000 cons around. Return to the green accounts is the Greek subsidiary of the blow pushed to 2012 instead of 2011.Around 12:30, the Crédit abandoned agricultural 4.9% to 9.472 euros, underperforming the sector index Stoxx 600 European banks (-2.13%). BNP Paribas and Societe Generale fell by 3.3% and 4.6%.

Battered stock market because of fears surrounding its exposure to the crisis in Greek, the title Credit Agricole sells more than 22% since January 1. Pressed by the market, the bank eventually amount to 850 million euro exposure to sovereign debt Greek."We realize qu'Emporiki always weighs more heavily on agricultural credit, with a cost of risk emerges from 450 million euros more than expected in the original plan," said Tom Bartholomew, head of credit research at Louis Capital Market.

Standardization in 2013

The economic crisis in Greece was in fact forced Crédit Agricole to harden its scenario losses on credit, which is increased by 450 million euros between 2010 and 2013. According to the bank, the cost of risk will normalize in 2013. Leaded by two successive years of losses in 2008 and 2009, Emporiki has also been recapitalized in March by Credit Agricole, to the tune of 989 million euros.

Its parent company now estimates qu'Emporiki will have a "specific need" for 550 million of additional capital by the end of 2011 to confront the crisis and complete its restructuring.Taken to a drastic plan to reduce its costs, the Greek subsidiary of Crédit Agricole had already planned last year to reduce its overhead 21% and close 57 branches, resulting in the departure of 1,500 employees.

The French bank believes that the decline in enrollment of Emporiki will be "faster" in 2010 but "slower than anticipated in 2011. In this scenario, the operating rate of Emporiki will improve faster than expected in 2011 to 62.5% instead of 68.8%.

The Paris Bourse ended down 0.24% to 3643.14 points

With the exception of Frankfurt, the European stock markets ended in retreat, investors are showing more hesitant after the session dealing with conflicting U.S. indicators, the Paris stock exchange for ending its declining share of 0.24% in 3643 , 14 points.

The pan-European Eurofirst 300 index closed the week down 0.76% but gained 5.3% on the month of July, its biggest gain in four months.

As for values, the construction sector takes prices back down, falling by 3.89% Lafarge, punishing investors lowering the forecast cement demand for 2010.

Prices, however, were supported by some solid corporate results found.Total and closing up 0.94% after posting earnings growth in the second quarter.

Alcatel-Lucent, which announced on Friday its annual targets, jumped 11.07% on the session.

The title, however, BP has lost 1.81% due to new fears about the evolution of the oil spill in the Gulf of Mexico.

Soitec is a return to equilibrium in H1

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 hope of good results supports Wall Street

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.

Airbus booked 131 orders in first half

Airbus announced that it garnered 131 gross orders in the first half, thanks to the mega-command of 32 A380s from Emirates announced in June at the show in Berlin.

A subsidiary of EADS, which shows 117 net orders adjusted for cancellations, said it had delivered 250 aircraft since the beginning of the year, including seven A380.

The order from Emirates, which had enabled Airbus to open with fanfare the Berlin air show, however usually less prolific ones Farnborough (England) or Le Bourget, is estimated at some 11 billion dollars based on list price purely indicative.

Airbus also won 27 orders in the first half for the single-aisle A320s and 25 A350-900.On both models, Boeing has received command of the Brazilian airline TAM also announced in Berlin for 20 A320s and five A350-900s with a total value estimated at $ 2.9 billion at list prices.

The backlog of the manufacturer revealed six cancellations A330-300 in June, including two from the Finnish airline Finnair.

Airbus did not identify the company behind the other four cancellations of orders for A330s, but industry observers have estimated that Gulf Air (Bahrain,) four units could reduce its order for 20 A330s.

According to the latest data from Airbus, DAE Capital (Dubai), who said renegotiate its orders with Airbus and Boeing, has so far not received his order of 100 Airbus.

The Dow Jones ended in decline of 0.42%, Nasdaq 0.37% yield

The NYSE has finished lower on Thursday, several economic indicators are below expectations come stoke fears of a slowdown in the recovery.

The market, however, finished above its lowest sitting through purchases on the cheap.

The Dow Jones yielded 0.42% to close at 9732.53 points.

The S & P 500 is broader, has lost 0.32% to 1027.37 points.

The Nasdaq Composite fell on his side from 0.37% to 2101.36 points.

Less risk of the French note, said an analyst at Fitch

France is in progress on structural reforms, which implies that there are now fewer risks today than the note of France has deteriorated, said Friday at a Reuters television analyst ratings agency Fitch.

The government of François Fillon has pledged to reduce its deficits and this week announced a reform of the pension system.

Asked if it was less risky than sovereign debt rating lowered or French today than a month or two, David Riley, director of sovereign ratings at Fitch, said: "Yes, well safe ".

"France is much more than it did before, particularly when it announced a stabilization plan and with no details," he said.

A project to reform the French government aims to restore financial equilibrium of pension schemes in 2018, in particular through the gradual increase of 60-62 years in 2018 the legal age of retirement.