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".

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

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German Chancellor on Sunday called President-elect Francois Hollande to congratulate him on his victory and invite him to come to Berlin, according to Pierre Moscovici. German Chancellor Angela Merkel.

German Chancellor Angela Merkel on Sunday urged President-elect Francois Hollande to congratulate him on his victory in the presidential election and invite them to come to Berlin, told AFP the campaign manager of the Socialist Pierre Moscovici.

"Merkel has called him to congratulate him on his election. They had a first exchange and agreed to work together on a Franco-German relationship that is strong and the service of Europe," said Mr. Moscovici. "Merkel has invited him to come to Berlin, which he did soon after his inauguration," he added.

Johnson & Johnson received the green light Thursday from the European authorities to buy the Swiss manufacturer Synthes medical equipment for some 21 billion (about 16 billion euros), an operation that will boost its segment of orthopedics.

This is the largest ever acquisition by J & J.

To view approved by European competition authorities, the U.S. group had agreed to sell its European business in the area of ​​trauma.

In a statement, the European Commission stresses that the merged entity will continue to face several strong competitors.

ASML has delivered an optimistic outlook Wednesday, saying the popularity of smartphones, tablets and other ultra-thin computers support its sales within six to nine months to come.

As a world leader in engraving machines for semiconductors with a market share of 75 to 80%, ASML passes for a good standard of high-tech sector and investors are closely following its forecast .

"Given the market, we are confident (…) for the rest of the year, we remain positive," said CFO Peter Wennink.

"The chips go directly to things that are currently very popular, is all that is mobile, media, internet and especially smartphones and tablets."

The firm specializes Gartner said this month that it anticipated a 2.5% increase in IT spending the world, at 3,700 billion, while planning before an increase of 3.7%, citing the strengthening dollar and declining public expenditure in the euro area ……. ASML

.. anticipates a turnover of 1.2 billion euros in the second quarter after 1.25 billion in the first quarter and projected sales in the third stable The quarter

. I gave to Reuters sales of 1.209 billion in first quarter

……. Wennink .. said that the outlook for the fourth quarter remained "somewhat uncertain". The value of the backlog was 865 million euros in the first quarter but Wennink finds it difficult to predict what will be the second quarter as orders are received fewer but larger-scale .

This uncertainty beating down the share price, which fell 2.7% to 36.9 euros. She had reached two weeks ago its highest level since October 2000.

"Investors expect an acceleration of ASML orders but has not strengthened in their hopes, perhaps they will now have a cautious attitude," said Philip Scholte, analyst Rabobank.

The Dutch group has also reported net earnings of 282 million euros, compared to consensus building on 278 million.

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. 

Kingfisher said Thursday that new stores and efforts to improve margins would enable it to withstand the difficult economic environment, having performed in 2011 an annual profit up 20% and above the consensus.

The first European chain of DIY stores, owns the Castorama and Brico Dépôt stores in France, has detailed its growth program "Creating the Leader" and said it would open 67 stores during the current year and would test new formats at the client.

The margin improvement will include a centralized purchasing with direct orders from countries with low labor costs like China. 

The annual profit before tax and exceptional items stood at 807 million pounds (968 million) for the year ended January 28, while analysts expected 799 million.

Revenues increased 3.6% to 10.8 billion pounds, while the annual dividend was increased 25% to 8.84 pence per share.

Kingfisher aims to earnings per share of 31.2 pence for the year 2013-2014 against 20.5 pence to 25.1 pence in 2010-2011 and 2011-2012.

Action, up 23% over the last three months, ended at 300 pence Wednesday, valuing the company at 7.2 billion pounds.

The third largest economy in Asia posted a deficit close to 6% of GDP. The government wants to reduce it to a point by 2013, without giving up the farm subsidies. India rice, drying rice in western India, Ahmedabad.

Forgotten, the speech which placed India followed by China on an economic plan. The Asian giant is also caught by the downturn. Like Western countries, its growth is weakening and widening its deficit forcing the country to move towards more fiscal discipline.

The Indian government, weakened by an electoral setback in local elections and accused of inaction, posted Friday its intention to reduce the public deficit, betting on a recovery in growth to fund new social and agricultural subsidies.  

During the presentation to Parliament the 2012-2013 budget, the finance minister, Pranab Mukherjee, said targeting an annual budget deficit equal to 5.1% of Gross Domestic Product (GDP), against 5.9% in 2011-2012 . "I am firmly set a goal to return to the path of fiscal consolidation," said the great financier of the third largest economy in Asia in a speech-river in which he also called upon to lend a accelerator for the reform program.

The government has said it expects annual growth of 7.6% next year, forecasts are more optimistic than the 6.9% expected this year, a disappointing figure for the administration of Prime Minister Manmohan Singh. The Finance Minister hopes that the return to strong growth after the slowdown this year due to a drastic monetary policy to fight against inflation, will help fund new grants.

He, among others, announced farm subsidies, food aid for the underprivileged, health programs to reduce malnutrition and infrastructure projects for drinking water. However, he promised that the grants would not exceed 2% of GDP. A mid-term, before the general elections scheduled for 2014, the center-left government is weakened in the political and economic. He had to backtrack on a key reform to liberalize retail trade.

Mukherjee, however, assured that efforts were underway to reach a consensus policy on allowing foreign multinationals to open supermarkets in India. The Congress party, at the head of the governing coalition, has also won a majority in only one of five states which were conducted in recent local elections. These elections were seen as a popularity test for the government, and Rahul Gandhi, last link in the Nehru-Gandhi dynasty.

Economic prospects for improvement in Europe and the United States supported the dollar and European stock markets have closed up Wednesday, while bonds, which have much played the role of values refuge during the crisis, were logically abandoned.

In Paris the CAC 40 ended with a gain of 0.40% or 14.35 points to 3564.51 points. In Frankfurt, the DAX 30 gained 1.19%. In contrast, the FTSE UK sold 0.18%. The pan-European FTSEurofirst 300 index ended up 0.28% to 1,098.37 points, regaining its level of August.

The U.S. stock market, which many had mounted Tuesday, are more hesitant and outline a consolidation to their high levels.

The activity in developed economies is expected to accelerate in 2012 thanks to the highly accommodating monetary policies of central banks and signs of calming debt crisis in the eurozone, according to 250 economists polled by Reuters. 

Tuesday night, the Fed said evidence of a slight economic recovery and an easing of tensions in financial markets while confirming his promise to keep rates at ; levels close to zero for a long time.

In addition, major U.S. banks have nearly all passed the stress tests and continue to have annual required capital despite simulations of large losses, said Tuesday the Federal Reserve ; eral of the United States.

The dollar continues to rebound to hit a new high of 11 months against the yen and a new high of one month against the euro at 1.3028 dollars, after raising the Re Federal serves its assessment of the economic situation. 

The greenback rose to 83.65 yen a moment, its highest since mid-April 2011. According to traders, the Japanese exporting companies are reluctant to sell the U.S. currency. They anticipate a continuation of his rise. Since the beginning of the year, the dollar gained 8.6% against the yen.

Aéroports de Paris won the battle for the takeover of the Turkish operator TAV Havalimanlari Holding, which will take 38% to $ 874 million, officials said Sunday, sources close to the deal.

The other finalist, the French group Vinci, made an offer significantly lower for about a week ago and refused to increase it, governance is a sticking point, have sources said.

This is the most ambitious international operation to ADP from a cross-shareholding agreement with the Dutch operator Schiphol in 2008.

ADP will pay 11.5 Turkish lira per share – a premium of 35% over the closing price Friday of TAV. His participation is below the threshold that would require the filing of a bid for the entire company, the sources said.

The agreement enhances TAV, operator of ten airports in the world, including Istanbul, the largest in Turkey, approximately $ 2.3 billion.

Shareholders who control TAV, Tepe Insaat construction group and Akfen Holding, each selling 18% and retain more board seats.

An ADP spokesman did not immediately comment. A spokeswoman for Vinci said that the company does not comment on rumors.