According to the association of consumers, distribution margins reflected in the service stations would have increased by almost one third in ten years. CLCV denounced a "surge" margins at service stations.
The consumer organization CLCV Tuesday denounced a "surge" of nearly a third in less than ten years of distribution margins impacted by service stations in the fuel prices at the pump, now close to their record in France .
According to a barometer of the association, which is based on the statistics of the French Union of Petroleum Industries (UFIP) and administration, and distribution margins are increased from 2001-2003 to 2008-2010 from July to September , 6 cents for gasoline and 6.3 to 8.6 cents for diesel.
The OECD slashed its growth forecast Monday for the 2012 United States and the euro area, urging G20 leaders to act quickly to restore confidence and avoid a severe contraction in developed economies.
In a note issued in anticipation of the G20 summit on 3 and 4 November in Cannes, the Organization for Economic Cooperation and Development cut its 2012 growth forecast for the euro area to 0.3% against 2.0% in May and 1.8% against 3.1% for the United States.
She called on G20 leaders to take "bold" to calm market turbulence and show that they can implement structural reforms address the debt crisis.
The OECD estimates that deteriorating financial conditions of the order of that seen during the crisis of 2007-2009 could result in loss of up to 5% of gross domestic product (GDP) of some OECD economies of 'By the first half of 2013.
Conversely, if the measures announced at the EU summit last Wednesday are effectively implemented and that can restore confidence, growth could be better than expected, judge the OECD.
For all G20 countries, the OECD now expects growth of 3.8% in 2012 and 4.6% in 2013, but it will be pulled up by the emerging markets including China (+ 8.6% in 2012 and 9.5% in 2013).
BSkyB reported Wednesday a net increase in quarterly profit, sales of additional products to existing customers offsetting the expected decline in new subscriptions.
The FTD British satellite television was the target of a takeover by News Corp., its largest shareholder, until the abortion offensive in July, following the eavesdropping scandal News of the World.
Operating income adjusted for the fiscal first quarter came out better than expected, up from 16% to 295 million pounds (336 million).
Turnover increased by 9% to 1.66 billion pounds, suggesting that the new strategy group, which consists primarily of selling new products to existing customers, seems to be working.
"In difficult market conditions, our movement towards a more broadly based growth and product variety makes us good service," said CEO Jeremy Darroch said in a statement.
The market expected a slowdown in new subscriptions, rising unemployment and inflation in Britain affecting household spending.
During the period from July to September, 26,000 new subscribers joined BSkyB, slightly less than expected by the market and far from the 96,000 new subscribers registered in the same period last year.
"This is not an environment where you can add many new customers through improvements offers TV, but that does not mean that society can not grow and increase its profitability and cash," said Paul Richards, Numis analyst.
By 0800 GMT, the action BSkyB gained 3.26%, while the European sector index media progressed from 0.55%.
Shaken by a drop in subscriptions, the magazine of the National Institute of consumption could increase in the private sector, the risk that its credibility challenged.
While its competitor, the UFC-Que Choisir a hit, the magazine "60 million consumers" has seen its sales plummet by 22% between 2008 and 2011, according to an audit of the accounting firm of MBV & Associates, commissioned by the National Consumer Institute (INC), owner of the title. The erosion is partly due to the termination of a policy of recruiting new subscribers in recent years. Now, to return to profitability, the magazine should flow to 200,000 copies, twice today.result, the UFC-Que Choisir has 420,000 subscribers to 30 million euros in revenue and 60 million consumers of only 100,000 subscribers to 10 million euros.
For MVB & Associates, a status quo would lead to accumulated losses of € 4 million over the next three years, involving the continuity of the title. Conclusion of the firm: the magazine must be backed by the private sector, the only way to inject € 18.5 million for its re-floated. For now, while the parliament is considering a draft law on consumer rights, no decision has been taken and two scenarios are being studied in INC.
Two scenarios under consideration
"Either we are content to mobilize internal resources at the institute who are not fertile and we made a small raise of the subscription.However this can not go very far, "said Francis Amand, president of the board." Either we have a more ambitious recovery and growth capacity, requiring more funding that could come only from a private operator, "he added. A decision could be taken at a board of directors of the INC on 9 November.
The scenario of backing caused an outcry among staff and among some readers, who fear for the independence of the magazine. "Regulators want to get rid of the newspaper." 60 million "can not keep its identity and mission of public service outside of the INC," said Lionel Maugain, staff representative on the board. A support committee was set up by readers and journalists to oppose any backing to the private sector.Thursday, nearly 7,000 people had signed.
"It is difficult to an investor put money in a way that could not provide a lot of sales because the potential reader would think that this title is biased," assured Francis Amand. A charter could also be signed to ensure editorial independence, he said.
"60 million" was founded in 1970 by the INC, who realized that TV shows were not enough to inform the consumer. nitially released under the name "50 million consumers," the magazine is primarily known for its main comparative tests on the appliances. Then he is getting stronger with campaigns that make loud noise on the soaring prices and declining purchasing power, or on the Harms dyes, abuse of trustees and breathalyzers unreliable.A score of journalists working for the magazine, working closely with engineers, lawyers and economists INC.
Liberal Institute Coe-Rexecode proposes to merge the debts of countries rated "AAA" in the euro area, to eliminate differences in rates between the German and French bonds. This solution would also double the capacity of loans to countries facing difficulties.
To stem the crisis in the euro area, the French Institute of Economic Studies Coe-Rexecode Monday advocated the creation of "eurobunds" which would involve the merger of the debts of many countries "comparable" in the area, which France and Germany. Considering the creation of unrealistic eurobonds, often mentioned in recent months, the institute, near the business, suggests the creation of "eurobunds" with "merger for the debts of seven comparable countries in the euro area as are Germany, France, the Netherlands, Belgium, Austria, Finland and Luxembourg. "
The merger could lead to a large pool of securities, nearly 5,000 billion, a priori rated AAA by rating agencies, is the highest rating possible, pleaded Michel Didier, president of Coe-Rexecode, during a press conference. It would have the advantage of eliminating the spreads between the German and French bonds, he said. Moreover, such a "fire power" would "have a strong base of potential loans to the peripheral countries" beyond the potential 500 billion of loans from the European financial stability. Which, according to Coe-Rexecode, is likely to cut short the threat of contagion from the debt crisis.
Subsequently, "there would still address the problem of divergences in competitiveness" within the euro area, insisted Michel Didier.Considering the current stock market crisis "clearly European," the institute said that the problems of public funding can be resolved, thanks in part to the European plan adopted July 21, which is "appropriate". But "other scenarios are much worse now possible," he warns. "A sovereign default would lead to poorly controlled behavior very restrictive economic actors (reports of investment projects, increase household savings rate …) and lead to a true European recession," said the institute.
The European Commissioner for Economic and Monetary Affairs Olli Rehn said on Thursday that in his opinion, all States in the euro area have ratified the amendments to the bailout fund EFSF to the end.
Olli Rehn, speaking in Wroclaw in Poland is to be held an informal meeting of finance ministers of the European Union (Ecofin) on Friday and Saturday, also said he expected a "serious discussion" on the efforts of Greece during the two days.
The Finnish Commissioner stressed the importance of reaching early agreement on the guarantees demanded quick to Greece by Finland in the second rescue package granted to the country.
Job creation in the private sector in the United States were below expectations in August, according to the results of the monthly ADP released Wednesday.
It was created 91,000 jobs in August, while the market was expecting 100,000.
The number of jobs created in July was revised down to 109,000, against 114,000 in the first estimate.
ADP Employer Services survey, conducted in partnership with Macroeconomic Advisers LLC, is considered a leading indicator of monthly statistics on employment figures which are expected on Friday.
Economists polled by Reuters anticipate 75,000 new posts in the private and the public, but outside the agricultural sector after 117,000 in July.
European shares are hesitant in early trading Wednesday, shared expectations of measures to support the U.S. economy that the Fed could announce Friday and a persistent stress associated with growth faltering and sovereign debt crisis.
Around 9:30, the CAC 40 index, after opening up a passage and then into the red, ahead of 0.31% to 3093.85 points
London fell slightly by 0.23%, Frankfurt is 0.24%, 0.71% Milan, Madrid 0.12%.
The EuroStoxx 50 is 0.09%, Eurofirst 300 lost 0.14%.
Anxiety remains on the market, related professionals, the decision of Moody's lowered by one notch the debt rating of Japan, to Aa3, having come to remind the absence of long-term solution to the crisis sovereign debt.
"The actions may give the impression of falling back on their feet, but the financial stress is always on the rise," said strategists rate of Societe Generale, who are concerned about the widening spreads on CDS and cash banks and their difficulties of long-term financing.
Those responsible for the asset allocation of Societe Generale noted in turn that hedge funds are net short positions opened on a scale comparable to those of 2008 (in a financial crisis, Ed) on the most liquid segment of market shares, that is to say about the S & P 500.
They add that the same hedge funds unwound their net short positions in U.S. government bonds.
"Fears of a recession wiped out expectations of rising bond yields as well as the recent decision by the Fed to keep rates low until at least 2013," they say.
The euro declined against the dollar and is trading around 1.44 against 1.4432 dollars late Tuesday.
Yields on government bonds French and German 10-year stay close to their historical low, respectively 2.12% and 2.78%.
Investors are waiting in the morning the Ifo index of business climate in Germany, then the durable goods orders in July in the United States.
The new car registrations in France were charged in July the fourth month of consecutive decline, still suffering the backlash of the late scrapping.
The Committee of French Automobile Manufacturers (CCFA) announced Monday that new car registrations in France fell by 5.9% last month to 159,945 units. July 2011 had counted 20 working days, one fewer than in July 2010, the decline in comparable number of working days (CJO) stood at 1.2%.
"July is an important month for the market before the August break, performance remains quite good," said a spokesman for the CCFA."It turns well to a decline of 8 to 10% throughout the year as it will be impossible to trace levels of late 2010."
The French market continues to nibble advance acquired in the first quarter, delivery period of the last cars ordered before the end of the scrapping. In the first seven months of the year, it remains still rising, but only just (0.2%)
Demand is traditionally strong in July before the last burst of holiday departures.In June, the market shrank from 12.6% in raw data – and 3.9% on CJO.
The scrapping has benefited mainly small cars and French manufacturers, which is a great specialty, the "product mix" has rebalanced toward larger models since the end of aid.Foreign manufacturers such as Volkswagen's German (7%) benefit.
In July, registrations French manufacturers have fallen by 9.3% – those of PSA Peugeot Citroen fell 7.0% and Renault's 12.4% – while sales of foreign manufacturers have declined only 1.2%.
Of these, however, Italy's Fiat showed a fall of 22.8% across the group because of its high exposure to the city car segment.
The diverse group of American Honeywell International said on Friday quarterly profit rose, and raised its annual targets.
"The favorable macroeconomic trends in global security, energy and globalization, coupled with our ongoing investments in new technologies, high-growth areas and initiatives will enable the Group to continue to grow and outperform, now and long term, "says CEO Dave Cote in a statement.
Honeywell, leading manufacturer of electronics, announced Friday a net profit of $ 810 million, or $ 1.02 per share.This represents an increase of 43.1% compared to $ 566 million (73 cents per share) announced a year ago.
BPA at comparable scope of business has reached $ 1.00, slightly more than the 98 cents expected on average by analysts.
Turnover reached 9.09 billion dollars, up 14.6% year on year (7.93 billion dollars in the second quarter 2010).
Honeywell now expects 2011 revenue of between 36.1 and 36.7 billion, an increase of 12% to 14% over the year.
The annual benefit is now provided from 3.85 to 4.00 dollars per share, against 3.80 to 3.95 dollars in previous estimates.
In early trade at the opening of Wall Street, the title fell by 3%.