Archive for the ‘calculation’ Category

Exonhit loss and reduced its costs by 2011, as the decline

March 22, 2012 - 6:45 am Comments Off

The title Exonhit significantly lower Thursday at the Paris Bourse after the publication of 2011 results considered very encouraging for the future of the biotechnology company, according to stakeholders.

For the past year, Exonhit reduced its loss to 7.1 million euros, against a loss of 7.7 million in 2010, and indicated that on 31 December 2011, his strated ; Flow was $ 12.9 million, giving it about 24 months of cash.

She also announced today have repaid all its long-term debt.

Turnover dropped to 5 million euros last year, against 8.4 million a year earlier. 

The company claims to have achieved savings in 2011 of two million euros in a full year after abandoning a planned acquisition and cut expenses on clinical Aclarus DX, the blood test of Alzheimer's disease.

Present equally in the market for drugs for neurodegenerative diseases and the diagnosis, Exonhit gives no numerical targets for 2012 merely say "more than ever" confident in achieving its prospects.

"The year 2012 will Exonhit to that of expanding our portfolio of diagnostic products, its own or in collaboration, while maintaining a solid financial structure," said the pre Chairman of the Executive Loïc Maurel, said in the statement of results. 

At 11:10, the action Exonhit lost 9.36% to 1.84 euros in large volumes, showing a market capitalization of 62.78 million euros. At this price level, the title was up 73.6% since the beginning of the year, after a loss of 48.29% last year.

At Bryan Garnier, Sebastien Malafosse the analyst points out that the market "expects a start-up Exonhit as it invests in its future development rather than focus on reducing of its cost structure ".

The views of the steps taken in 2011, he continues, "the road is still long for Exonhit and maturity of 24 months of cash could happen quickly."

With other analysts, however, it notes that the action has Exonhit, like those of other biotechs, gained much ground in recent sessions, so the decline of this morning can also be explained by profit taking.

COR-A-kilns ArcelorMittal Schifflange closed indefinitely

March 20, 2012 - 8:35 pm Comments Off

ArcelorMittal said Tuesday it was extending indefinitely the closure of the voltaic arc furnace from its site of Schifflange Luxembourg, which has 282 employees.

The world's number one steel explained his decision by the depressed construction market in Western Europe, which are for products Schifflange, and said he could see no sign of significant improvement since the crisis that hit the area at the end of 2008.

Schifflange site specializes in the production of long carbon steel.

French President Nicolas Sarkozy announced earlier this month that ArcelorMittal would restart a blast furnace of its French site Florange (Moselle). But the group had then stated that it would be restarted in case of economic recovery.

Hannover Re refrains from any forecast for 2012

March 15, 2012 - 2:35 am Comments Off

Hannover Re has refrained from any forecast for 2012, citing the possible IPO of Talanx, the German insurer which is its majority shareholder.

Talanx owns 50.2% of the third global reinsurer.

Hannover said Wednesday he planned to pay a dividend of 2.10 euros per share on the results of 2011 against 2.30 euros in 2010, when net income was integrated ; a capital gain tax.

Net income for 2011 is 606 million euros, according to preliminary results published on 13 February and well above its target of at least 500 million .

The Tokyo Stock Exchange ended down 0.40%

March 12, 2012 - 2:05 am Comments Off

The Tokyo Stock Exchange ended down Monday on profit-taking after gaining 3.7% during the previous two sessions and over 17% since the beginning of year.

The Nikkei lost 39.88 points (0.4%) to 9,889.86. Topix abandons 3.43 points (0.4%) to 845.28.

The Nikkei has reached in a meeting peak of 10,021.51, the highest since August 2011.

Oil prices have ended down

March 6, 2012 - 6:35 pm Comments Off

The crude oil prices have come down Tuesday on fears related to Greece and world economic growth.

On the Nymex, crude for April delivery ended at 104.70 dollars a barrel, down 2.02 dollars or 1.89%.

In London, ICE Brent for delivery in April ended at 121.98 dollars a barrel, down $ 1.82 or 1.47%.

After the close of markets, prices continued to decline according to figures from the American Petroleum Institute (API) showing an increase of 4.6 million in crude inventories last week in the U.S. States, while the market was expecting an increase of 800,000 barrels only.

The official government figures (EIA) will be published Wednesday. 

Investors have also noted a breakthrough in the Iranian nuclear issue, which has somewhat eased fears of supply disruptions.

Iran will allow experts from the International Atomic Energy Agency (IAEA) to visit the Parchin military site, reported Tuesday the news agency ISNA. The spokesman of the foreign policy of the European Union, Catherine Ashton, for his part announced that the major powers were willing to resume talks with Tehran .

Swatch will create 1000 jobs, target of 8 billion francs CA

February 26, 2012 - 2:35 pm Comments Off

The Swiss watchmaker Swatch plans to create 1,000 jobs worldwide and generate a turnover of 8 billion Swiss francs (6.64 billion euros) this year, said Sunday its CEO Nick Hayek told Der Sonntag.

Nick Hayek regularly manifests its opposition to the strong Swiss franc, which penalizes exports Helvetic.

"We want as close as possible to the threshold of 8 billion francs," he told the Sunday newspaper.

"This will be possible if there is no economic or political disaster, and that exchange rates remain stable or improve."

In early January, Swatch Group announced a turnover of more than seven billion francs, after a double-digit growth in sales of watches and jewelry division.

TNT Express takes off on the stock exchange, exceeds the bid for UPS

February 20, 2012 - 6:00 am Comments Off

The action of TNT Express flew more than 50% Monday on the exchanges of Amsterdam, beyond the purchase price offered by the American UPS, indicating that investors expect a proposal for enhanced .

UPS said Friday it had offered € 9 per share to buy the Dutch group messaging, valuing it around 4.9 billion euros. TNT Express has rejected the offer, but discussions are continuing between the two groups.

The action was traded to TNT 9:50 GMT around 9.80 euros, up 54% from its closing price on Friday night (6.343 euros).

Renault seeks Moroccan executives, even inexperienced

February 12, 2012 - 4:40 pm Comments Off

Out of nowhere, the new plant of Renault Morocco where a minivan will be produced cheaply dubbed "Lodgy", is facing several challenges, starting with the recruitment of local staff in a countries with no real experience of the automobile.

Illuminated only place several miles around nightfall, the site whose inauguration has sparked controversy on Thursday in Paris on the "Made in France" pushed in the hills stripped of the northern tip of Morocco, poor agricultural country without industrial past.

"Here everything is greenfield," says Paul Carvalho, director of the Renault Tanger fabrications, using the term used to designate a project set up from scratch on a greenfield site. "The plant is greenfield, the fabric supplier also, and even people!"

Paul Carvalho is part of the French expatriates on site to accompany the Moroccan teams that will soon turn the chain of the minivan. "The level of education in Morocco is very good, but the country has no technical knowledge of self," he adds.

Most future senior Moroccan crossed the chain still running have never worked before in the area. Everyone is deputy head of his department, under the command of a French he is called to replace.

"Apart from the small factory Somaca Casablanca, Morocco has no automotive history," said Moulay-Youssef Sbai.

The deputy director of the Institute for training in the automotive industry, funded by the Kingdom of Morocco and installed at the entrance of the site Renault-Nissan, knows whereof he speaks He worked over 15 years in IT, but never in the industry.

CARAVAN OF RECRUITING

If all goes well, soon lead Benmbarek Abdelmoula department assembling the first production line of the plant, although the engineer has made a career in the cement and paper. But at age 43, this jovial big guy here realizes a childhood dream. "My first motivation is the car, I am expert on the history of brands of cars," he says. "Once I knew that a car factory would see the day, I made contact."

Nasro Allah, 37, deputy head of department sheet metal, is one of the few to be of the profession. "For me, this is a new experience," adds this former employee of a subcontractor specializing in automotive wiring around Tangier. "Renault is very experienced and offer career opportunities." To prepare for their positions, both have spent six months training in France at the Flins plant (Yvelines).

Nasro is also part of the minority – 30% of plant personnel – recruited in the vicinity of Tangier. To supplement the workforce – 2,500 employees hired to date, 4000 to the end of 6000 and by 2014-2015 – the leadership has had to expand his research to throughout Morocco with a lot of ads or recruitment caravans that traveled the country to Fez, 300 miles away.

The 70% from other areas sometimes struggle to stay on site, and some have even hired waive sit the plant on the first day of their contract.

"It's a bit difficult, we share a home," admits Sufian, 21, who is destined for the paint shop. At his side, Mohammed, 23, and even white suit, was able to move more easily because it has powerful friends in Tangiers.

Just like Soufian and Mohammed, the strength of the Tangier plant is very young, only thirty years. The average age falls even around 20 years for the only operators, called to work on an automated line with very low – low cost requires – after three months of training .

DISCONTENT ON THE CONTROVERSY IN FRANCE

The vast 300 hectare site is brand new. Align the parking lot of Renault and Fiat in emerging special version not found in France, which will not be the case Lodgy, mainly for export, particularly to Europe.

The land of beds that separate the large premises is freshly turned white and in administrative offices, grouped under the mysterious name of "Building X", the blinds are still missing fene ; very. Homman Mokhtar, executive secretary of Renault Morocco, likes to point out that the bays were clogged with a lot of paper. "It is the building that was done last because there were other priorities," said he, smiling. The training institute and the chain went before.

Asked about the controversy that accompanied the opening in France by Renault, 14 kilometers of European coastline, a plant where the net pay starts at 250 euros, Moroccan future managers are uncomfortable. "I have not followed, I can not say," whispers a deputy head of department before disappearing, reprimanded by his superior French.

Sunday again, Francois Hollande, the Socialist candidate for president, said the French government, which controls 15% stake in Renault, should have objected this project.

On site, the concerns are different. The plant is warming up and getting ready to go in time dramatically. Once the final adjustments on the molds and machines made, stored procedures and actions that should be repeated 44 hours per week under control, the site will spend three months in a rhythm almost motionless for 30 vehicles per day to 30 per hour. Next year, a second line will spit out 60 vehicles per hour, one minute.

"The central Paris – Mr. Carlos Ghosn – gives us a fairly large tolerance to boot properly," said Tunç Basegmez, Turkish director of the Tangier plant. "The creation of the brand 'Made in Morocco' passes by."

Silvio Berlusconi confirms his resignation, thanked his ministers

November 12, 2011 - 6:35 pm Comments Off

The Italian Prime Minister Silvio Berlusconi confirmed Saturday that his ministers would visit in the evening at the Quirinal Palace to tender his resignation to President Giorgio Napolitano, we learn by a government press release.

"Il Cavaliere" thanked his "co-government" and sent a special thanks to the Under Secretary (Chair of the Council) Gianni Letta "during a meeting lasting 35 minutes.

Silvio Berlusconi is expected to 8:30 p.m. at the Quirinal, according to political sources.

The debt crisis in Europe is not over, says Trichet

October 29, 2011 - 5:35 pm Comments Off

The President of the European Central Bank (ECB), Jean-Claude Trichet, said that the crisis of sovereign debt in Europe is not over and it is too early to estimate the lights returned to green.

In an interview with German newspaper Bild am Sonntag-, Trichet said, however, confident in the ability of governments in the euro area to restore financial stability.

According to him, this requires that the Stability Pact is comprehensive and is implemented in a manner vigorous.

For the head of the ECB, the agreement reached this week by leaders of the European Union to enter into practice in a very precise and fast."

"The decisions taken at the summit (this week) must be applied with precise and coordinated fashion. The leaders of governments in the euro area have a program. Now the hard work is waiting for governments and the European Commission," insists he said.

"A rapid and full implementation of decisions is now absolutely crucial," said he. "A rapid and complete promulgation of these decisions is now absolutely crucial," he insists.