At The Core
World News
The Cac hesitates on the threshold of 4000 points
The Paris Bourse is stabilized Friday morning after a nice session of increase recorded last night leCac 40 opens to the balance (-0.01% to 3981.96 points, still close to 4000 points a threshold that has not been touched for a month. The Greek situation reassured the financial world yesterday, as the Greek Parliament finally adopted the unpopular austerity plan, paving the way for the release of a next tranche of aid from the European Union and the International Monetary Fund. The euro has risen, moving at more than $ 1.45 this morning.
To be continued this morning Markit manufacturing PMI this afternoon and consumer confidence from the University of Michigan in June (2nd estimate), construction spending in May and the ISM index of activity in industry in June.
Investors also will monitor the U.S., where the issue of debt escalates.One report indicates that U.S. lawmakers should agree within three weeks on raising the debt ceiling, or the country will default.Timothy Geithner, the Secretary of the Treasury, would resign.
The figures in the automotive market
The Committee of French Automobile Manufacturers (CCFA) has released figures this morning the car market for the month of June and first half: the new car registrations in France fell 12.6% in June, in gross, with 210,236 units sold, Renault (-0.88% to 40.52 eruos) showing a plunge of 29.3%, said Friday the Committee of French Automobile Manufacturers (CCFA).
Renault breaks the price of his Renault Twingo, faced with falling sales, will sell for the first time one of his vehicles, the little Twingo at a price lower than the Logan, the model input range of its Romanian subsidiary Dacia, according to La Tribune.
PSA (-0.63% to 30.67 euros) is increasing in India The automaker is expected to invest 620 million euros in building its future manufacturing site in India, according to Les Echos. PSA will implement this facility in the state of Tamil Nadu, south of the country.
EDF EN signs a big contract
EDF. EDF Energies Nouvelles (-0.13% to 39.64 euros), a subsidiary of French group dedicated to renewable energy, has signed with the Danish Vestas Wind Systems for the use of wind turbines in Europe and the United States pay day loan lenders. The contract could provide the French operator up to 2000 megawatts over the period 2012-2014. The transaction amount was not disclosed.
LVMH (-0.36% to 123.65 euros).Philippe Pascal, who led for ten years, watches and jewelry division of LVMH, has been appointed adviser to Bernard Arnault, CEO of the world's number one luxury.
Areva (0.08% to 25.73 euros) said Thursday that the strategy developed since the creation of nuclear group by Anne Lauvergeon was a "success" and that his replacement did not involve a change of course.
EADS (-0.35% to 23 euros) Thursday announced the successful acquisition, through its subsidiary Eurocopter, the Canadian aerospace supplier Vector Aerospace, 98.32% of shares were made to the offer made in late May.
TF1 (0.48% to 12.60 euros) Thursday announced to be in negotiations to become the sole shareholder of Metro France, the eponymous owner of the free newspaper which claims 2.4 million daily readers.
Carrefour (-0.35% to 28.22 euros) has signed an agreement with Pixmania, the specialist in consumer electronics, to catch up in online sales of non-food.
Bénéteau (0.37% to 14.90 euros), leading manufacturer of sail, said that sales in the first nine months of fiscal year 2010-2011 and the level of its order book allowed him to confirmed its target of annual turnover of 920 million euros.
BioAlliance (-4.92% to 5.80 euros) Friday announced the launch of a capital increase of EUR 16.6 million to accelerate development of its portfolio of orphan drugs in oncology, particularly Livatag .
CGG Veritas (-3.13% to 24.60 euros): Goldman Sachs cut its price target to 29 euros against 31 euros previously and released the value of its company preferred.
Teleperformance (0.96%) would be an ideal target for a fund specializing in buyout leverage (LBO), analysts said while the global call center is not in debt and that its Capital is not controlled.
Valeo (2.47% to 48.24 euros) from the list of preferred values of Morgan Stanley. The intermediate course is 67 euros.
Google sued in the Commercial Court in Paris
The blows rained down from all sides on Google. Friday, the U.S. competition has announced the opening of an investigation into the Internet group. Today was the turn of French society 1PlusV attack. Editor of topics such as search engines ejustice.fr, Google it assigns to the court of commerce of Paris to seek redress for damages caused by anticompetitive practices of the American giant. 1PlusV assesses his damages at 290 million euros, corresponding to the lost revenue (74 million) and potential revenue lost since the establishment of its business in 2007. The company also claims the publication of the disputed practices on the home page of the famous search engine.
"Unfair Competition"
This assignment in Paris in addition to two cases brought against Google by 1PlusV in Brussels.The first complaint, filed in February 2010, led the European Commission to investigate Google in November 2010. A few months later, in February 2011, filed a complaint 1PlusV further to extend the complaint to all of its search engines. It accuses two things at Google. First, the search engine "rigged" results in both favoring its own thematic search engines (called "vertical"), as in the book, video, maps, and feeding its index data Public collected without the consent of the site publishers guaranteed high risk personal loans. On the other hand, Google would have prevented 1PlusV to monetize their sites with advertising by conditioning access to its advertising to the use of its search technology (tying).
"We launched search engine in 2007, but they could not develop because of discriminatory practices of Google.Our company was nipped in the bud, "said Bruno Guillard, founder of 1PlusV. He now believes it has evidence, found by a bailiff, on practices that dereferencing Google was guilty. "There is unfair competition to the extent that Google gives the impression that their engine is more powerful than us. This assignment, which is intended to redress, the complaint does not stop Europe, covering an injunction to stop these practices, says Bruno Guillard. We believe that Google has answers to give. "
The Commercial Court of Paris could take from 16 to 24 months to rule on this complaint. Brussels, meanwhile, is in the process of peeling the replies to questionnaires sent to various European actors in the Web in early January as part of its investigation.While the debate over Net neutrality has been raging, it could well be extended to search neutrality.
ALSO READ:
"Microsoft attacks Google in Brussels
New suicide attempt at the Ministry of Finance
Ill-being at work does not spare officials. A union representative FO Finance tried to end his day on Friday, in full meeting of the Health and Safety (HSC) on working conditions within the Directorate of Public Finance (DGFIP). Several witnesses reported by AFP, the union is currently under observation in hospital, would have exposed the direction the difficulties encountered in connection with his work, before swallowing the contents of a tube of medicine .An accident that occurs just days after the suicide of another officer DGFIP, and one month after that of a labor inspector of Direccte (Regional Business, competition, consumption, labor and employment).
The report of activity to be examined on Friday at HSC, 27 suicides were reported to the Ministries of Economy and Budget in 2010, against 25 in 2009 and 24 in 2008. The growing number of these tragic events, the unions denounced the growing unease of the staff concerned, who suffer in their ongoing reforms. "Those from the general revision of public policies (RGPP) were a source of tension for the agents. But with the planned job cuts still 3100 jobs this year – working conditions deteriorate significantly, "worries Aubursin Lawrence, General Secretary FO."It comes to not being able to respond appropriately to user requests," says her assistant, Frances Gauchet.
A view shared by the occupational health department. "Problems related to job cuts are being felt throughout the hierarchy. This situation is not unique to the Ministry of Finance is now characteristic of the entire administration, "said one doctor. A fact made more difficult for agents to manage the discomfort in the workplace has long been taboo in the public service. For example it is extremely rare for a suicide to be recognized as an accident, unlike the private sector. But progress has been made so far in recent years. "There is now a real awareness of managers and the top hierarchy, the court doctor.A reflection on the organization is conducted, training frameworks in place … This is progress, even if these efforts are undoubtedly effective forced. "
ALSO READ:
"The police stress in the heart of an unpublished study
Who's next boss Bercy?
• Baroin: • promoting Valérie Pécresse: reward • Bruno Le Maire: the outsider
The countdown is running. Christine Lagarde flew to Washington Tuesday. Wednesday and Thursday, she will spend his "great oral" before the Board of the IMF. Which will meet Tuesday to discuss the nominations before appointing a successor to Dominique Strauss-Kahn on June 30 at the latest. Barring a surprise, the Minister of Economy should take precedence over Mexico's Agustin Carstens. His entourage has the head across the Atlantic: "I proposed to the team Baroin to come and visit our offices to make the identification, said one adviser Christine Lagarde. They said: "It would be bad luck!" "
Several ministers are indeed in the running to replace Christine Lagarde. Budget Minister campaigned for weeks.His colleague of Agriculture, Bruno Le Maire, also dream of Bercy. But he seems to have thrown in the towel. The Minister of Higher Education, Valérie Pécresse, which has the support of Christine Lagarde, fingers crossed, too. "Lagarde loves Pécresse, provides an advisor to the Minister of Economy. She believes that appointing a woman to a woman's place is important. But it will not interfere. It is at a different level. It will soon have a status of head of state … "
First outsider, Valérie Pécresse seen its rating go up. She met with Nicolas Sarkozy on Wednesday, after the Council of Ministers. The head-to-head was officially on the large loan and the press conference the President on the subject Monday. But Sarkozy had discussed with her the replacement of Lagarde.In the majority, some believe that appointing a woman to this key position could serve as an able-fire against the candidacy of Martine Aubry in the primary PS, around June 28 "It is played between Pécresse and Baroin," believes a close associate of President. Anyway, the head of state will be careful not to harm women, already under-represented in key government positions since the departure of Rachida Dati and Michèle Alliot-Marie. "The president does not send negative signals about gender or diversity," Elysian swear an advisor.
"The king of herrings"
The head of state could also bring a handful of secretaries of state, whose arrival is announced in the fall. Two positions, at least, are vacant: Public Administration (since the departure of Georges Tron) and Veterans Affairs.If the president decides to bring more "new faces", it "out" of the incumbents. The Minister for Sport, Chantal Jouanno, could start to concentrate on the Senate. "We predicted a reshuffle at minimum, but the president could take this last opportunity to reshuffle the cards before the presidential election," warns a consultant Elysian.
Nicolas Sarkozy should especially take this opportunity to send signals to the centrists. "He wants to crack the clan Borloo," says an adviser. The Secretary General of the UMP, Marc-Philippe Daubresse, told relatives that he had received "assurances" of the president. He also began to prepare his cabinet. In a head-to-head, May 30, Sarkozy had mentioned to him a nomination "for Higher Education or Agriculture."The head of state could also try to "poach" the faithful lieutenant of Borloo, Laurent Hénart. Or, failing that, the former Minister for Overseas, Yves Jego.
The name of the UMP des Alpes-Maritimes, John Leonetti, who chose to live the radical sensibility within the UMP, runs well. The President has recently paid tribute to his "loyalty". But this expert on health does not agree with the health minister, Xavier Bertrand, who had vetoed his appointment in the latest revisions. MP centrist Maine-et-Loire Laffineur Marc is also discussed.
At the Elysee, is amused by this shell game. "The president in secrecy, says a consultant. It is the king of herrings. This will be between him and Xavier Musca. Even between him and …. "" The principle of a reorganization, is the surprise, "says the former minister Brice Hortefeux.
Baroin: promotion
Since coming into office in March 2010, Baroin was a faultless performance credit report. Budget Minister has managed to impose fiscal discipline to his colleagues in government, cutting spending and up to tackle the sacrosanct tax loopholes. Last week, under his leadership, the National Assembly adopted on first reading the supplementary budget, which confirms the removal of the tax shield and the reduction of the ISF. After inheriting the carrier parolat in November 2010, as Chirac ministers could it rise again in the government hierarchy? Many are in the majority, think he was already "well served". If appointed, the mayor of Troyes should release the carrier parolat. But it would keep the Budget. "The president likes him, but it a little suspicious," says a heavy weight of the UMP.The promotion, however, would give new pledges to Chirac, less than a year of presidential elections.
Valérie Pécresse: the reward
It was on the brink of being appointed Minister of Justice in November 2010. But the departure of Jean-Louis Borloo had distributed the cards, bringing the president to give the keys to the Place Vendome in centrist Michel Mercier. Valérie Pécresse has remained in Higher Education, under its charge since May 2007. A record of longevity that allowed him to impose the autonomy of universities, often presented as one of the most emblematic reforms of the quinquennium. "It showed it was broken in the dialogue," said a relative. Deemed "woodcutter" Pécresse is a graduate of ENA and HEC. She speaks English and Russian, and "getting by" in Japanese.Christine Lagarde to Chantal Jouanno, many women ministers would like to see at Bercy. But that Chirac, who sometimes appears as "a good little soldier," a disability: she has never been among the close to Nicolas Sarkozy, sometimes it annoys. For many in the majority, yet it seems that the "best position" to Bercy.
Bruno Le Maire: the outsider
Barring a surprise, Bruno Le Maire should remain in agriculture. He dreamed yet to be entrusted with the Economy, as he had dreamed of Foreign Affairs in 2010. "With each redesign, the Mayor is an active campaign, the air of nothing," enjoys a minister. The former right hand of Dominique de Villepin, whose rise in "Sarkozi" has been meteoric, has serious advantages. Normale technocrat and he mastered the economic issues. Also the IE speaks English, German and Italian started."This is a contest of economics, not of languages!" Squeaky Elysian counsel. The Mayor has invested heavily in the agriculture component of the G20, is prowling and multilateral negotiations. But Sarkozy fears of destabilizing the farmers, who appreciate their minister. The Mayor would also annoyed by "highlighting" the role of project manager in 2012: "For the president, only the Socialists in the country, says an adviser. Put themselves forward on the project was awkward. "Failing to be appointed at Bercy, the Mayor may be given door-parolat.
Mr. X: The temptation of an expert
The magnitude of the crisis in Greece could it bring Nicolas Sarkozy to choose an expert on economic Christine Lagarde to succeed? A heavy weight of the majority is seriously considering this option, arguing even the name of Thierry Breton, CEO of Atos Origin.The former Minister of Economy (2005-2007) mastered the issue of public debt. His appointment would also have political virtues, the source said, "Breton is a friend of Chirac, Raffarin and de Villepin. And they bite Borloo he is near. "Many consider this hypothesis unlikely:" What interest would have to leave the private Breton for an acting position on the eve of 2012? "Enjoys a counselor. The name of the centrist Anne-Marie Idrac is also cited. Edouard Balladur was blown to the president. Former Minister of Foreign Trade may assert a strong background at the head of the RATP and the SNCF. But it is "not aligned" with Sarkozy and "speaks her mind." The government, cohabitation was not always easy with its responsible Minister Christine Lagarde. However, the next holder of Bercy will get along with the next IMF chief.
Greece: Restructuring considered inevitable and frightening
Click on the thumbnail to enlarge the graphic.
While European leaders seek to reassure financial markets by saying that Greece's debt will not be restructured, some strategists say the opposite. "To get out of financial crisis plan which moved the European countries, Greece should be restructured" hard, "said Christophe Donay, chief strategist at Pictet & Cie. In other words, Europe must draw a line under some of Greece's debt-what I call a partial-defect, while recapitalizing banks recorded losses due to restructuring. "
However, the solution currently under discussion at EU level aims to do everything to avoid a "credit event" on the Greek debt, that is to say a default. It is thus considered a new loan to pay 60 to 65 billion euros by 2014.The private sector would also be involved, banks are encouraged to continue investing in the Greek debt to the tune of 15 to 20 billion euros.
"But by giving more money to Greece, Europe or the private sector maintain the regime crisis," says Christophe Donay. "Reading the financial markets on the debt of European countries has changed. Until then, they adopted an accounting approach. In other words, they wondered how Europe should pay to save a troubled country. Today, they wonder whether the European countries generate enough growth to pay off their debts to five or ten years. "
45 years to meet the Maastricht
For Strategist Pictet, the conclusion is clear: the growth rates of financially troubled countries (Greece, Portugal, Ireland and Spain) are insufficient to finance their debts payday loans.Thus, Greece, Ireland and Portugal are expected to show annual growth of 21%, 13% and 8% in ten years to achieve a debt / GDP ratio of 60% as required by the Maastricht criteria. And if one was considering realistic annual growth rate (2%), it would take 45 years to Greece to meet this criterion and 30 years of debt to Ireland. "It is not clear that financial markets are waiting so long," concluded Christopher Donay.
Time is the right thing yet to the euro zone, according to Anton Brender, Chief Economist at Dexia AM. "Lack of Greece, alone, does not pose a problem in itself," he said. But such an event is likely in the current fragility of other countries in the periphery, causing a phenomenon of contagion.If Greece fails, why not also Ireland or Portugal, who also receive assistance from the European Union and the International Monetary Fund, will wonder when the markets.
Beyond even this group of countries at risk, "there is a risk of transmission of the crisis countries such as Belgium, Italy and Spain," continues the economist. "You have to give time to the latter, especially, to leave the area of infection by standing on a stable trajectory of debt reduction", defends Anton Brender. For this, one must combine austerity and growth, two goals are incompatible in the short term.
ALSO READ:
"The French reimburse banks lending to Greece"
"Greece has a new aid of 60 billion
"Greece: There is no bias on the notion of default
"Crisis of the Euro Area: Merkel reassures Obama
Wall Street does not go up the slope
The NYSE has attempted to initiate a mini-rebound Thursday. In vain. Economic statistics are still bad on Thursday and Valuers bank saddled the trend. Thus, the Dow Jones lost 0.56% at 12,220 points, the Nasdaq yields 0.16% to 2765 points while the S & P fold from 0.41% to 1309 points.
Yesterday, U.S. markets have taken a double slap (more than 2% losses) with first a series of bad macroeconomic indicators that raise doubts about the health of the world's largest economy. Then with Moody's decision to degrade three notches note of the Greek debt. The rating agency has cooled the financial markets had begun to hope that a solution be found to stabilize the financial situation of the country.
On Thursday, investors do not turn the page of this session was the worst recorded since August 2010.Bad numbers have fallen:
– The weekly jobless claims fell less than expected in the United States during the week to 28 May, against 422,000 428,000 (revised) the previous week, said Thursday the Department of labour.In economists on average expected 415,000 entries in unemployment.
– U.S. inventories of crude oil rose against all odds last week, said Thursday the U.S. Agency for Energy Information (EIA). Crude oil inventories rose 2.88 million barrels to 373.81 million. Economists on average had expected a decline of 1.3 million barrels [EIA / S]. The oil prices were down sharply after the announcement. Ceded $ 1.42 a barrel after a fall already marked.
On the currency side, the single currency continues to rise against the greenback. One euro is worth more than $ 1.44.For their part,
However, non-farm productivity rose more than expected in the first quarter, while unit labor costs rose slightly more than expected, according to the second estimate published Thursday by the Labor Department. Productivity, which measures hourly output per employee rose by 1.8% instead of the 1.6% increase announced in the first estimate. The market expected it to climb by 1.7% over the period from January to March.
Other bad news affecting U.S. banks this time: Goldman Sachs (-1.61%) received a subpoena from prosecutors in New York who want to learn more about its role in financial crisis.In addition Moody's "could reduce" the credit ratings of Bank of America (+0.35% to 11.28 dollars), Citigroup (+0.15% to 39.71 dollars) and Wells Fargo (+0, 28% to 27.02 dollars) on behalf of a hypothetical reduction in state support for large U.S. federal institutions in the country. The rating agency notes that the current notes of banks take account of public aid granted by the Treasury at the height of the financial crisis.
Google and China: Paper
Internet giant Google (+0.25% to 526.93 points) was monitored after the announcement of a hijacking Gmail accounts by hundreds of Chinese dissidents and American officials. While Google suggests a Haker Chinese, Beijing denounced the remarks "unacceptable."
The distributor Costco Wholesale Corporation (+0.12% to 80.31 dollars) has reported a net profit of $ 324 million in the third quarter of 2010-2011 (73 cents per share), up 6% the same period last year. Based on the number of share, earnings were 73 cents. Turnover was up 16% to $ 20.2 billion, with a jump of 12% on a comparable basis.
Limited Brands (-5.48% to 36.59 dollars) has announced a 6% increase in May same-store constant at 717 million dollars. But this figure is below expectations of analysts who had forecast an increase of 7%.
The mining equipment manufacturer Joy Global (3.07% to 88.70 dollars) has reported a profit of 34% to 162 million in the second fiscal quarter, or $ 1.52 per share. Income climbed 19% to 1.06 billion.It's better than $ 1.35 per share and $ 1 billion expected by markets. The group also revises upward its forecasts. It now expects earnings per share between $ 5.60 and 5.30 against 5.10 to 5.40 before.
WPP (-3.78% to 11.95 dollars), the leading global advertising in terms of revenue, announced Thursday an organic growth above 6% during the first four months of the year, thanks including a good performance in the United States.
Market movements in the outhouse
The lines are moving among specialists support the addiction. Fifteen months after its IPO, the third French player in specialist nursing homes and care facilities on, saw the arrival of a new shareholder in its capital. A shareholder not quite unknown in the health sector, far from it, because it is the family holding Ruggieri Batipart already shares amounting to 23.8% of Korian the second major player side sector.
In a statement, said Batipart have acquired from the BC Partners Funds 9.5% stake in Medica. For this, the holding company has spent about 72.5 million. BC Partners, who wanted to disengage from Medica via IPO in February 2010, also sold 18.6% of the group Medica Covéa (mutual insurance: MAAF, MMA, GMF, etc.)..Following the transaction, BC Partners, which had already reduced its stake in March by selling 14.6% stake, holds longer qu'environde 3% of specialist care dependency.
An opportunity to 'rare'
For this operation, Batipart take this particular situation of the round table Medica. "It is rare to have such a big business opportunity in health," says Nicolas Ruggieri, associate director of Batipart. This entry to the capital allows us to strengthen the sector, the second major strategic Batipart, with real estate. " Among the other listed companies, a withdrawal of investors with holdings as large as that of BC Patners (30.5% at the time of the introduction) is indeed unusual.Since health is seen to hold for the long-term investments are generally in the same same horizon.
Investors semblainet share this enthusiasm Thursday in the Paris Bourse, clinching the title Medica 3% in early trade, to 15.3 euros. "This is clearly a long-term investment from Batipart, says Nicolas Ruggieri." Remains to be seen what position to adopt the new entrant later and wants to eventually take over his new participation. "We do not exclude us strengthen, says Nicolas Ruggieri, but we will not do so significantly, if at night floating Medica, who at nearly 55%, is one of the major advantages of this investment" . Today, the largest shareholder Medica is the life insurance company Prédica, with 11.3% of the round.
Side Medica, little reaction on the operation."The arrival of a new shareholder, a priori known for its investment over time, can only be a good thing," confined to explain Bailet Jacques, CEO of Medica. The group should issue a statement in the morning.
ALSO READ:
A year after its introduction, Medica takes its objectives
"The boom in nursing homes
"The private retirement homes based on quality
The line makes a gesture to the doctors
Finally! Members have completed the review of the law Fourcade. It was to rectify the situation of the "law Bachelot," voted there less than two years by the same majority, which had annoyed the doctors. By April, the Assembly removed the most controversial provisions: the requirement for GPs to report their vacations and fine for those who refuse to go in regular reinforcement of their colleagues in the suburbs or country, overwhelmed.
Exit, therefore, measures against the deserts themselves, the new Health Minister, Xavier Bertrand, considering that the stress would only further reduce the vocations of generalists. The reading of the law Fourcade was then interrupted by the Easter holidays. It ended this week, the text will be voted on Tuesday before being aligned with the Senate version.Further measures to ensure the specialties at risk, here are the latest measures adopted.
Generic shapes and colors
Generics will have the same shape and same color as the medicine they copy, without this constituting a breach of patent. One way to facilitate their acceptance by the elderly or taking multiple medications. MP Yves Bur vote had this provision in late 2009, but it was censored, having no place in a law funding the social security system. Tough, the elect Alsace returned to the charge.
A little transparency about dentures
By January, a typical specification is established, that dentists have to provide their patient before placing a crown, bridge … The document mentioned the origin of the prosthesis.A response to consumer traceability, meet the increasing imports from China and Madagascar. However, the estimate would not indicate the price at which the dentist bought his prosthesis but that which he sells … the patient, distinguishing the amount of its provision (installation, etc..). The distribution between the two sides may be somewhat artificial – we rarely see a patient from his bridge hand …
A hearing screening for infants
Babies under three months will benefit all, within two years, a free screening of hearing impairment. This measure had been the subject of another bill passed by the Assembly but "stranded" in the Senate.Its authors have the opportunity to present again, by amendment.
Networks of mutual care authorized
As private insurers, as they already do with opticians, mutual care can best repay performed among health professionals with whom they have entered into an agreement (including for example warranties of a cap exceedance of fees …). A ruling by the Supreme Court, written by a dentist, had prohibited. Mutuality be able to develop "networks of care." To meet the medical unions, who fear direct links insurers and physicians, these agreements will be framed by a national charter.
The war began in savings
"Frankly, I am interested in your money": this clash of the BNP did not last long in the 1970 No bank would dare today to show his frontispiece, yet it has never been so relevant. Whether at the counter or on the home pages of online banks, retailers are currently struggling to raise cash from businesses and some 200 billion saved every year by French households paydayloans. All opportunities are good. A mortgage? Some lenders offer more attractive rates if the borrower is guaranteed to leave a cushion of deposits.
The executive employment rebounded with the recovery
Virtuous circle. According to the Quarterly Business Tendency note published today by the Association for the use of frameworks (APEC), the upturn in the market for the employment of executives, up 10% yoy in the first quarter, will persist throughout the year. "This should result in increased recruitment of executives between 3% and 10% on the year," welcomes APEC. More than one in two firms planning to hire at least one frame in the second quarter of 2011, or 10 points higher than last year, and 17 points more than two years ago, during an economic crisis.Levels of recruitment have found their rhythm early 2008.
Graduates or experienced managers
Almost all sectors benefit from this improvement, including industry (59% of companies in this sector have recruited at least one frame during the first three months of the year, or 12 points higher than a year ago) , engineering, R & D (86%), consulting and business services (55%) and computer services (90%). Only construction and medico-social results show lower than last year at the same time, "although the outlook remains favorable to recruit" Apec shade.
If young professionals with several years of experience are always' the prime target for recruiters, "a beautiful part will also be reserved for graduates and highly experienced executives, unloved in recent years.Hiring intentions are regarding the effect on net increase over last year: nearly one in two firms who will recruit in the second quarter and has given his chance at a fresh graduate or a manager over twenty years of experience payday loan lenders. Be, respectively, increases of 14 and 11 points in one year.
48 applications per offer
Recruitment target mostly business executives (42%). But the improvement in the industry will also lead to increased recruitment in specialized functions of production sites and technical services such as maintenance, procurement and quality.Technical studies, especially popular in engineering and R & D progress on these six points in one year to reach one in four businesses now.
Replacement of departures (for retirement, resignation …) remains the main explanation envisaged recruitment (41% of cases). But more than a third of firms cite as the business development as the main reason for recruitment.
Last sign of a strengthening labor market frameworks: a job entrusted to Apec has generated, on average, 48 applications during the third quarter of 2010. Ten less in a year. Employers are more likely to report difficulties in finding suitable candidates – 61% against 55% last year – even if the trend is still to longer delays in recruitment.The share of hires still being three to six months after the publication of the offer is stable at 23%. And this especially in functions where the offerings attracts fewer candidates: computer (72% recruitment difficult), and R & D studies (68%) and industrial production (67%).