The title of the exchange operator London Stock Exchange (LSE) climbed on the Stock Exchange late Friday morning after the publication of a sharp increase in its annual results.

At approximately 9:10 am GMT, the action progressed LSE of 5.44% to 10.17 pounds to the London Stock Exchange, signing one of the highest increases in the index mean values ​​Footsie250 who recoiled at the same time 0.94%. For its part, the index grouping the European values ​​related to financial services lost 0.85%.

The exchange operator has reported a net profit of 442 million pounds (550.2 million euros), up 30% for its fiscal year ended March, while the annual turnover rose 10% to 680 million pounds.

These good performances are related to the acquisition last year of the FTSE International business and revenue growth of the clearing of LSE in Italy.

This publication has pushed through Numis Securities raised its recommendation on the value of "hold" to "purchase".

France issued Wednesday nearly eight billion euro medium-term debt at a lower cost than in April when the first auction of securities of a period of two to five years since the election of Francois Hollande as President of the Republic.

BTAN of the 5-year benchmark was served at an average rate of 1.72%, a record low at an auction of a 5-year benchmark. In April, Agence France Trésor, which manages the debt of the State, had issued the same BTAN at an average rate of 1.83%.

The BTAN reference to two years was awarded to the average rate of 0.74% against 0.85% in April.

AFT issued a total of 7.996 billion euros, the maximum target was announced that $ 8.0 billion.

Overall demand was strong, totaling 23.675 billion euros, giving a coverage ratio (amount requested on amount used) high of 2.96 against 2.58 in April and an average of 2.38 in 2011.

"Very good French auctions. Demand was very strong on the two years and five years, "said Peter Chatwell, rates strategist at Credit Agricole CIB

… …… "If you need to invest in euros, France is a much more attractive proposition than Germany. The coverage ratio is huge, "said Marc Oswald, strategist at Monument Securities in London, adding that this does not mean that fears about France and the euro area have disappeared ……

… "The question is whether France will fail in the next three to four years. I reply emphatically not, and on this basis, the French return to Germany is relatively attractive, "says he

…… Germany …, reference in the market for sovereign debt in the euro area, has awarded its side Wednesday 4.1 billion euros of 10-year Bund, for a total announced ; of 5.0 billion euros, the coverage ratio is set at 1.5 against an average of 1.36 since the beginning of the year ….. The Bund

…. suffers from its success as a safe haven of the eurozone. The show is made to a historically low rate of 1.47%.

Secondary market, the 10-year Bund yield fell to 1.43% Tuesday, a record low while the risk aversion wins and assuming an output of Greece in the euro area.

Strategists point out that demand is not "fantastic" but it is solid given the very low yield of the Bund.

For Michael Leister, strategist at DZ Bank in Frankfurt, where the yield spreads between French and German bonds rose, due to the political stalemate in Greece and renewed concerns about the euro area, "throughout the French bonds also benefit from the uncertainty." 

AFT has also issued 1.182 billion euros Wednesday of comparable Treasury bonds indexed to French inflation (OATi) and inflation in the euro area (OATei) of maturities in 2022, 2023 and 2027, at the top of the announced objectives (1.2 billion). Demand amounted to 3.467 billion euros, giving a coverage ratio of 2.9.

The U.S. places have opened in a disorganized Tuesday, torn between the announcement of the organization of new elections in Greece and macroeconomic indicators satisfactory.

Within minutes of opening, the Dow Jones progressed from 0.16% to 12,715.99 points after having opened in the red. The Standard & Poor's, wider, gained 0.14% to 1,340.28 points while the Nasdaq composite advanced 0.28% to 2910.10 points.

New elections will be held in Greece on Tuesday after the failure of talks between political parties on forming a coalition government, announced the Greek Presidency.

This political instability increases the fears about the future of Greece and especially on a possible exit from the country of the euro area.

Given the concerns around the European debt crisis, investors were reassured, however, by a series of U.S. data on activity and consumption satisfactory.

On the values ​​front, JPMorgan progressed from 1.14% to 36.22 dollars. Increasing pressure on the CEO Jamie Dimon could be called Tuesday by the shareholders of the U.S. bank to relinquish the presidency after the loss of at least two billion dollars charged by it in response to a hedging strategy risky.

The general meeting of shareholders is held from 14:30 GMT.

Groupon soared 18% to 13.89 dollars after posting its first quarterly profit for the last three months of its fiscal year ended March. Citigroup rose to a recommendation to buy on value.

The results of Home Depot were poorly received, however, the title falling by 3.9% to 47.92 dollars. The group released a turnover in the first quarter to 29 April at 17.81 billion dollars (13.86 billion euros). This is below market expectations which relied on sales of 17.96 billion.

The European Union should exclude public investment calculations of budget deficits and issue Eurobonds to promote growth, said Sunday the chief economist of the Organization for Co ; operation and Development (OECD).

In an interview published in La Stampa, Pier Carlo Padoan believes that the "fiscal pact" aimed at controlling public finances in EU countries should not be renegotiated, everything ruling in favor of new rules on assessment of deficits and debt.

"Capital expenditure should be excluded from the calculation of deficits and debt. Eurobonds should be introduced, "said he, resuming his account the positions of the Italian government led by Mario Monti

….. These two ideas …. are, so far, no takers in Germany, where it is estimated that Eurobonds may be considered before a fiscal discipline is implementation in the euro area

. Pier Carlo Padoan also said that the risk of Greece leave the euro zone increased …

…… "This risk exists and is greater than six months ago," saying that the consequences of default Greece would be "catastrophic", judging the passage "irresponsible" those who minimize the consequences

.

The Tokyo Stock Exchange Tuesday redid some of the ground lost the day before in the wake of the results of elections held Sunday in Europe, although investors say they are still cautious about the dice veloppements future policies.

The Nikkei gained 0.69% or 62.51 points to 9,181.65 and the Topix broader took 4.51 points (0.58%) to 776.57.

Monday, the Nikkei plunged 2.8%, which was its biggest drop in one day of the last six months.

The election, even anticipated by the markets, Francois Hollande to the French presidency but also the outcome of parliamentary elections in Greece, where ; no majority emerges in Parliament, had indeed been a breath of concern on Asian financial markets. 

"We do not yet know what lies ahead for Greece, we do not know what the new coalition will look like (…) and the Nikkei is not likely to surge as these uncertainties remain," said de clared Toshiyuki Kanayama, market analyst at Monex.

The action Marubeni jumped 3.77% after a source said that the fifth largest Japanese trading house was in advanced talks to buy Gavilon broker cerebral ; ales and U.S. energy for some $ 5.2 billion.

Danone is disappointed at having been blown by Nestlé infant nutrition activities from Pfizer, but the amount of 11.85 billion dollars invested by the Swiss group exceeded the limits that the Translation ; ais had set, said Thursday its chairman Franck Riboud.

At the general meeting of shareholders, Franck Riboud, Danone has assured that "would bounce as usual" and that "win more matches by country".

"We always said we were interested in all or some, but certainly part of that business. We set limits, we did not exceed our desired limits and Nestle has won, "said Franck Riboud

. "I do not hide that we are a little disappointed because the company really had a strategic interest to us but the intere ; strategic t can not justify everything, "he said

. Analysts were relieved of the e Failed Danone against the Swiss group because they felt that the French group had not the means to finance a transaction of this magnitude

….. …. Many of them consider that Danone could get some of Pfizer assets in Southeast Asia and Latin America. 

"We do not like losing matches so we will gain more by country, as is done for many years. We are already working on a strategy by country country, "said Franck Riboud.

The President also recalled that Danone had not intended to focus on external growth.

"All the strings are at our disposal, we know very well to organic growth, this is what we will focus in the months and years ahead."

The title Danone ended down 0.64% to 53.9% at the close of trading, limiting gains to 11.8% since the beginning of the year.

Suez Environnement on Friday issued a gross operating income (EBITDA) fell by 5.5% at constant exchange rates in the first quarter, hurt by falling volumes of waste treated by the group in Europe in difficult economic times.

The world's second largest environmental services, however, has expressed confidence in its ability to achieve its 2012 objectives, which include sales and EBITDA at least identical to those of 2011 at constant exchange rates and a dividend greater than or equal to 0.65 per share for 2011.

It was also announced in February that it was an EBITDA of at least 2.7 billion euros in 2013 (at constant exchange rates) and a ratio of net debt EBITDA maintained at about 3 , 0. 

Suez Environnement recorded in the first quarter EBITDA of 566 million, down 4.5% (-3.4% organic), and a turnover of 3.591 million, up 2.2% (+ 0.9% at constant exchange rates and 1.4% organic).

The group "plans to strengthen its efforts to profitability and free cash flow generation for 2012", informed the Director General Jean-Louis Chaussade, without elaborating.

The group announced in February that it was within 300 to 360 million euros of its goal of reducing costs for the period 2010-2012, made up of 250 million at end 2011. 

For activities, organic growth reached 2.8% in the first quarter in Water Europe and 1.2% in the Waste Europe activities, which have benefited from a price "generally positive" but also experienced a decline in volumes.

International segment sales grew 0.4% organically, an increase that would have been 2.3% outside the desalination plant in Melbourne, Australia, whose construction has struggled in 2011 but is now "being finalized".

The Suez Environnement on Thursday completed a course of 10.625 euros, rising to around 16% since the beginning of the year after a plunge of 42% in 2011.

Renault and China's Dongfeng Motor Group have signed a memorandum of agreement on their joint venture, Reuters reported Friday two sources with knowledge of the case.

This is a key step towards the production of the Renault cars in China, in 2009 became the first global car market.

Dongfeng in China is already associated with Nissan, the Japanese partner of the French group.

Renault and Dongfeng signed the agreement late March which sets out the broad outlines of their future joint venture, the sources said, without elaborating.

Renault declined to comment. 

After leaving the Chinese market for Nissan under a shared geographical areas between the two groups, Renault has decided to produce cars in China from 2014 – in 2016.

It is in talks with Dongfeng for several months, and expects to obtain by the end of the green light from Beijing to its manufacturing base in China.

A stronger financial barrier is needed globally to guard against a possible new episode of the debt crisis in Europe, said Thursday Christine Lagarde , Executive Director of the International Monetary Fund (IMF), adding that the IMF needed more resources.

"A barrier higher global will complete the 'circle of protection' of each country. IMF help. But to be as effective as possible, we must increase our resources, "she said

. Christine Lagarde hopes to advance the agenda of means the IMF at the meetings between the IMF and World Bank planned next week

. "(…) the greatest risk threat is the resurgence of turbulence in bond markets and financial in Europe. "

Nokia stock market tumbled Wednesday after throwing a warning on its profits and reported a software bug in its new flagship model, the 900 Lumia, casting doubt on the ambitions a revival of the Finnish manufacturer of the smartphone market.

Nokia has for some time already distanced in this segment, dominated by Apple and Google.

Nokia has warned that he would show, the first and second quarter, representing an operating loss of approximately 3% of its sales in appliances and services, because of competition fe roce raging on the market when the group is reviewing its in-depth product offering.

Around 24:50 GMT, Nokia shares fell 18.3% to 3.12 euros. The stock has lost over half its value since Nokia discontinued its Symbian platform in February 2011, to equip its new smartphone operating system of Microsoft Windows.

"It's a disaster," said Thomas Langer for West LB.

"It was perhaps the most serious risk associated with Nokia model: the discount up to date models Lumia is not fast enough to offset poor sales Symbian. "

The market share of the Finnish group in the smartphone segment declined from 30% to 12% end 2010 end 2011.

In the morning, Nokia had reported a bug on its new model, the Lumia 900. First marketed in the U.S., this smartphone, which includes the operating system Windows Phone from Microsoft, was to be the spearhead of its winback.

"It's as if their engines had stalled at the start of a race, while all the spotlight is on them," said Carolina Milanesi, an analyst at Gartner.

FULL RESET

Lumia The 900 was launched on April 8 by AT & T. It must then be gradually sold worldwide in the current quarter.

In a statement, Nokia said that the outage that affects, and can sometimes result in "a loss of connectivity" refers only to the operating system and that it is linked or the handset or network.

A solution should be found by April 16, explains the Nordic group. He agrees to grant to anyone who bought a 900 Lumia, or which would be by 21 April, a rebate of $ 100 on his phone bill AT & T. This amounts to a full rebate on the price of the unit, sold at 99.99 dollars with a two-year contract.

The announcement of the bug is bad fallen for Nokia, which unveiled its model Wednesday Lumia 610 NFC, the first to include, in addition to the operating system Windows Phone, the NFC (Near Field Communication) in the heart of contactless payments.

NFC technology can transmit data wirelessly to a few centimeters, and so, using his mobile phone to pay for purchases, or save an e-ticket exchange photos and business cards.

This new model, certified for contactless payments using MasterCard and Visa technologies, will be marketed by Orange early in the third quarter, Nokia said.