Barclays Bank has sold its retail banking operations in France, Les Echos reported in its Tuesday edition.
The newspaper announced on its front page "A" that the British group does want to keep in the Hexagon as their operations to large corporations.
It indicates that the Postal Bank and the HSBC Group "could bid".
No one was contacted Monday evening with the French bank for comment.
Honda Motor said Friday it planned for the year that has just begun operating profit increased almost three in favor of an expected surge in car sales Asia and the continued recovery of the U.S. market.
The third Japanese car maker turns the page on a 2011-2012 fiscal year marked by natural disasters-earthquake and tsunami in Japan, floods in Thailand-and the strong yen.
For the 2012-2013 fiscal year, Honda expects an operating profit of 620 billion yen (5.8 billion) against 231.36 billion for the one that just ended.
This forecast is below analysts' expectations, who see a figure of 645 billion yen, but remained optimistic for a reputable company to the prudence of these projections of results.
"The North American market is gradually picking up and we enter into new segments in Asia. We believe that we will grow faster than the market, "said Tetsuo Iwamura, executive vice president of Honda
…… The latter told … see a car market of 14.3 million vehicles in the U.S. this year, against 13.5 million in 2011
… He added that …… Honda, whose sales of the new version of "crossover" CR-V increased by over 25% in the U.S. since the beginning of the year , wanted to join as soon as possible a share of over 10% of the U.S.
. The group plans to jump from 2012 to 2013 38.4% of its global sales of cars, to 4.3 million units and a 10.2% increase in shipments of two-wheelers, to 16.6 million copies.
For the last quarter of 2011-2012, Honda has reported a jump of 142.3% of operating profit, the production of Japanese automaker is back to normal Aftern ; s the consequences of the earthquake and tsunami that hit Japan March 11, 2011.
Over the three months to March, operating income stood at 111.98 billion yen (1.05 billion euros), a figure lower than the 123.2 billion average expected by analysts according to Thomson Reuters consensus I / B / E / S.
Net income, which includes the results released in China rose 60.7% to 71.59 billion yen.
Honda is a Japanese manufacturer that has suffered most from natural disasters in Asia in 2011.
The group has restarted its Thai factory in March after a period of six months.
STMicroelectronics (ST) announced Monday that an arbitral tribunal ordered it late last week to pay $ 59 million (45 million) to NXP Netherlands, leading manufacturer of semiconductors ; to lower its margin guidance for the first quarter.
"This award follows a dispute between ST and NXP that involved a claim by NXP for certain operating expenses to be added to the price of chips provided by NXP from 1 October 2008 and 31 December December 2009 to the joint venture created by ST in the field of mobile, "the company said in a statement.
"This award will be reflected in the income statement of our first quarter 2012 and we believe it will negatively impact our cost of sales. This will in turn have a negative impact on our gross margin by about 2.6%. "
ST adds thereby lower its pre ; cédente forecast results for the first quarter as a result of this unexpected exceptional charge, to about 30.4%
.
Values to follow Tuesday at the Paris Bourse.
* GDF SUEZ announced he would propose to its shareholders to receive shares in a portion of the dividends for 2011 and 2012 to complete the refinancing of its tender offer to minority shareholders of Britain's International Power.
* PSA Peugeot Citroën has signed with a subsidiary of Ivanhoe Cambridge real estate arm of the Caisse de depot et placement du Quebec, a sales agreement for the sale of its headquarters Avenue de la Grande Armee in Paris.
* BOLLORÉ. The mutual insurer Groupama said Monday it has sold all its shares, or 3.10% stake in the diversified group.
* AIR FRANCE has placed its short and medium haul business in the center of its turnaround plan and said that the maintenance of this activity depend on a "radical restructuring" and reduced "drastically costs ".
Roche said Thursday it raised the price of its unsolicited offer on American society Illumina to $ 51 per share, against 44.5 dollars previously.
The new price values the American specialist of gene sequencing to more than $ 6 billion (4.5 billion euros), Roche hoping to make a difference before the general meeting of the group from San Diego to be held next month.
"Based on our discussions with shareholders of Illumina, we collected the interest of accelerating the acquisition process. Accordingly, we are increasing our price to $ 51 per share, "said the Swiss pharmaceutical group Roche said in a statement
. has pre ; fied that the other terms of its offer remained the same and he still favored the opening of negotiations
. Monday, the group Basel had indicated that it was extending its offer again, without changing the price and making it run until April 20
. Roche softens its position, while its CEO Severin Schwan repeated that he did not raise its offer. But nothing says that this gesture will be enough to persuade shareholders, analysts suggesting a price of $ 60 per share, better able to convince the recalcitrant.
Illumina was adopted in late January the principle of a "poison pill" by distributing as a dividend right to purchase preferred share per share outstanding at February 6, exercisable if a shareholder reach or exceed the threshold of 15% stake.
Over 80% of private creditors of Athens agreed to participate in the restructuring of the country's debt will be reduced by 107 billion euros. The agreement paves the way for the release of a new international loan which will prevent the default. Three of the four ministers of the Greek far-right party Laos opposing the new austerity measures demanded by the creditors of the countries presented their resignations Friday, February 10
Greece can heave a sigh of relief. The plan to restructure its huge debt raised almost 84% acceptance of all its private creditors, including only 85.8% of bondholders under Greek law.
Result: some 107 billion euros over the 206 billion euros of Greek debt held by banks, insurers, investment funds and pension funds will simply be deleted. A very short term, the agreement removes the risk of default since the country had to repay € 14.4 billion on March 20. It also unlocks additional European assistance than 130 billion euros that will enable it to meet its medium-term future échéanches.
If Greece has avoided a default unchecked, this rate is still insufficient compared to the 90% target that was set by the government, explaining that he had to recommend the activation of collective action clauses attached to the bonds to be exchanged.
They are forcing carriers reluctant to accept the terms of trade and should be ultimately the acceptance rate at 95.7% said the Finance Ministry statement. "The holders of approximately 172 billion euros of bonds by Greek law" have accepted the proposal made by the Hellenic Republic on February 24 to exchange their debt securities against other securities whose face value was reduced 50% said the statement.
"I wish to express my gratitude to all our creditors who supported our ambitious program of reform and adjustment and shared sacrifices of the people in its historic effort" praised the Greek Finance Minister Evangelos Venizelos said in a statement. The exchange of specific securities to be held Monday, March 12 for bonds by Greek law, but an extension until March 23 was granted to holders of non-Greek right to present their response to the proposal. This delay does not allow those who have already joined to the bid to reverse their decision.
The partners of Greece indeed want the private sector do its part in the rescue effort of the country, with a contribution sufficient to provide debt reduction to 120.5% of GDP in 2020, a ratio expected to guarantee the country's return to solvency.
Successful restructuring opens the door to the contrary release 130 billion of loans provided by the euro area in late October. These two components, debt and bailouts, make up the second bailout of the country developed its international partners, after an initial infusion of 110 billion granted in 2010.
When the direction of the steel giant still does not guarantee the works council restarting blast furnace site, the steelworkers maintain pressure. The "blockers" ArcelorMittal has lit a big fire burning before the plant Florange.
Employees who require restarting blast furnaces Florange dormant for several months, occupying part of the site since February 20. This Friday, they were evicted by the police when he blocked a railway line, an operation of glazed jostling between the police and the steelworkers who sang the Marseillaise while shouting "Thank Sarko".
Find pictures in the fight to save the ArcelorMittal Florange
Meanwhile at the headquarters of ArcelorMittal France in Saint-Denis (Seine-Saint-Denis), the management assured the unions that the maintenance of a blast furnace Florange would start "very soon", but without mentioning an upturn in the sector hot site. In a statement, management has confirmed "the temporary suspension of part of its facilities Florange for the second quarter due to the difficult economic environment". "Two million euros will be allocated to additional maintenance work to ensure that the liquid phase can restart in the second half in anticipation of an economic recovery," she said.
This Thursday, Nicolas Sarkozy said on France Inter that the P6 "in the second half would go back" after revealing he had the day before a meeting with Lakshmi Mittal, CEO of the No. 1 global steel industry. But ArcelorMittal had conditioned this boot an economic recovery. The presidential candidate said it had obtained a number of global steel industry that invests 17 million to safeguard Florange.
Find our survey to find out what the ads are really worth of Nicolas Sarkozy?
In any case, unions are skeptical. Further reading: "The promise of Sarkozy, it's cat pee."
Greece has one last chance to stay in the euro area and must make a "maximum effort" to avoid being brought back several decades, warned Wednesday the central bank Hellenic.
Painting a picture severe the nation's finances, the Bank of Greece said that the failure to achieve its fiscal targets, delays in implementation of reforms and strong economic contraction had questioned his recent claims about the sustainability of the country's debt.
"The country must avoid at all costs further delays or deviations from objectives; every effort is needed to do better than the targets," said the Bank in its interim report on monetary policy.
"The current situation is the most critical period of Greek history of the postwar period. What is at stake is whether the country will remain within the euro area."
The new prime minister, Lucas Papademos, promised to push reforms forward, although he met a mixed support for the main parties and trade union opposition to the new austerity plan which he has committed.
U.S. inventories of crude oil fell against all expectations last week, said Thursday the U.S. Agency for Energy Information (EIA).
Crude inventories fell 1.37 million barrels to 338.09 million. Economists on average had expected a rise of 400,000 barrels.
Gasoline inventories fell 2.11 million barrels (consensus: 300,000), to 204.17 million.
The reserves of distillates, which include heating oil, fell by 6.02 million barrels (consensus: -2.0 million) to 135.87 million.
The rate of capacity utilization of refineries dropped 2.7 points to 82.6%.
Around 3:50 p.m. GMT, U.S. crude reduced its losses, yielding 1.3% to 95.80 dollars a barrel.
French household consumption of goods increased by 0.2% in August after a decline of similar magnitude in July, show statistics released Friday by INSEE.
Economists polled by Reuters on average expected a stable consumption in July and up 0.3% in August. The growth in consumption in June was revised down to 0.9% against 1.2% originally announced.
"The slight decline in July due mainly to a decline in purchases of cars and housing equipment," INSEE said in a statement."The recovery in consumption in cars and rising energy costs contributed to the slight increase in consumption in August."
Spending on durable goods rose 0.8% in July but remained stable in August. Purchases of automobiles rose 0.9% last month after falling 1.5% in July, according to Insee attributable decline in second-hand market.
"However, note INSEE, after the sharp increase in June (+3.9%), purchases of equipment housing down again in July (-0.7%) and August (-1.7% ).The decrease concerns in particular the purchase of furniture. "
Purchases of textiles and leather rose 1.0% in July after rising 3.6% in June but fell 2.3% in August.
Consumer spending in other manufactured goods rose 0.2% in July but fell even in August.
Meanwhile, household consumption of energy has accelerated markedly in August (+2.6% after +0.2% in July), a movement linked in particular to fuel costs.