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The maker of Smirnoff vodka and Guinness beer is poised to become the specialist of Turkish raki. The British giant Diageo puts his hand on Içki Mey, the leading Turkish spirits, after paying 1.5 billion euros from TPG Capital and Actera.

This group, who performed last year a turnover of 355.6 million euros, controls 80% market raki, the national famous alcohol with anise, and 65% of that of vodka. By seizing Mey Içki he coveted for several months, Diageo strengthens the distribution of its own brands in the Turkish market where it previously occupied fourth place with 4% market share of spirits, to Pernod Ricard (3% ).

"Turkey is an attractive market for Diageo and developed with strong growth in gross domestic product, says the CEO of Diageo, Paul Walsh.The acquisition of Mey Içki improves our position in the spirits market with high growth. " A market, boosted by the emergence of the Turkish middle class, which is still dominated by raki and alcohol cheap.

Rebalancing strategy

After several years of strong volume growth, they should nevertheless settle for 2015. "Diageo is betting on the transfer of consumption to international brands as they become more accessible," says Jeremy Cunnington, senior analyst at Euromonitor. The various taxes, which penalize hitherto imported international brands, should gradually decline by 2018. Diageo hopes to take full advantage with its broad portfolio of brands.

The acquisition of Mey Içki also part of a rebalancing strategy in emerging countries.During its last fiscal year (2009-2010), 67% of the volumes still came from the United States and Western Europe. It is precisely in Europe – particularly Greece, Ireland and Spain, where sales fell 13% in the first six months of fiscal year 2010-2011 – the slowdown has been most marked. "While growth in sales of Pernod Ricard was twice that of Diageo's first half is due to the lack of presence of the latter in emerging countries, China and India in mind," says Jeremy Cunnington.

Diageo, who had preferred to leave India after the Asian crisis in 1998 gave way to Pernod Ricard, which now owns 8% of the market. Diageo is now trying to regain a foothold in the region.He has just returned to 24% stake in the spirits of the Vietnamese leader (Halico) after taking control late last year of a heavyweight Chinese (Quanxing). China will become this year … second country, ahead of France, Pernod Ricard.

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U.S. equity markets remain subdued on Tuesday. After gaining 0.57% on Monday, the Dow Jones evolves close to equilibrium, losing 0.04% to 12,157 points. The Nasdaq was down 0.25% to 2777 points and the S & P 500 0.16% cowardly to 1317 points. Monday, reassured Egypt U.S. markets ended in green.

Announcements of mergers and acquisitions have also supported the U.S. markets. The internet portal AOL (-3.11% to 20.53 dollars), has announced the resumption of the most famous American newspapers online news, the Huffington Post, with $ 315 million in cash.

For its part, the diversified industrial group Danaher (2.37% to 50.19 dollars) has announced a friendly takeover bid of 6.8 billion dollars on the company specializing in medical diagnostics Beckman Coulter (+0.05% to U.S. $ 82.69), while Ensco drilling specialist proposes to acquire Pride International for 7.3 billion dollars.

On the foreign exchange market, the euro remained slightly higher against the greenback on Tuesday, remaining just above the threshold of $ 1.36 after its decline yesterday, the traders regaining confidence in the hope German industrial production rebound. To 16 hours in Paris, the euro bought 1.3623 dollars against 1.3581 dollars late Monday.

On the macroeconomic front, there is no any major indicator on the agenda of U.S. investors on Monday.Investors await a new salvo of results on Wall Street with figures including Walt Disney for the first quarter.

Earnings down for NYSE Euronext

The side of values, on Tuesday, the transatlantic exchange group NYSE Euronext (-1.21% to 33.35 dollars) posted net earnings down 21% in the fourth quarter, to $ 135 million, affected by a particular adverse currency effects. Operating income, excluding merger expenses and exit costs, amounted to 188 million, down 10% year on year short term personal loan.For its part, the turnover has fallen from 4.21% to 613 million, due to unfavorable exchange rate, which weighed up to $ 19 million, the group said in a statement.

Always on the side of values, a former scientist has been convicted by a federal jury of stealing U.S. secrets to the Dow Chemical (0.74% to 37.90 dollars) for sale to Chinese firms said here Monday with prosecutors. Chyu Liu Wen, also known as David Liu, a former Dow employee aged 74, was found guilty of having gone to China to sell confidential information relating to synthetic materials manufactured by the giant chemistry and biotechnology used in the automotive and construction.A federal jury in Baton Rouge, was found guilty of conspiracy to steal trade secrets and perjury. Arrived in the United States from China as a student, he then worked for Dow Chemical from 1965 to 1992.

Microsoft (+0.29% to 28.28 dollars) would prepare a big bang. According to Bloomberg, CEO Steve Ballmer group will announce a major reorganization of its management team in February.Steve Ballmer wants to promote profiles with high technological expertise.

Sanofi-Aventis (0.87% to 34.90 dollars) on Wednesday expected to show profits in 2010 similar to those of 2009, despite competition from generics, but the presentation of group results Wednesday is likely to be overshadowed by the finalization expected imminently, the purchase of Genzyme (-0.12% to 73.93 dollars).

Also note, the U.S. authorities on Monday presented their proposal to regulate bankers' bonuses and suggested they would do if some institutions attempt to circumvent the reforms. According to the proposal of the Federal Deposit Insurance Corp. (FDIC), half the premiums of leaders of major U.S. banks would be subject to a deferred for at least three years.

The strikers French ports do not let go until Tuesday at least. It is the day chosen by the National Federation of Ports and Docks CGT (CGT FNPD) to meet in Paris secretaries general of the port unions fifty members. The latter will discuss what action to take in the strike that affects the major French ports.

Since Friday, stops alternating between dockworkers and port agents strongly disrupt the activity. In Nantes / Saint-Nazaire, no activity is expected on or near the terminals until Tuesday at 6:00.

This Sunday, the movement continues for the third consecutive day. Saturday at Nantes / Saint-Nazaire, seven ships were stranded at the dock and twelve offshore. In Fos, freight traffic was disrupted at the level of 80-90% this weekend, while at Marseille-East, he was paralyzed at 100% for containers.Daniel Manca, secretary general of the CGT Dockers port calls even cruise lines to "avoid Marseille. At Havre, the second French port, the movement also continued, including blocking container terminals.

The strike could also cross borders. The International Dockworkers Council (IDC), which includes unions of longshoremen and officials in European ports, is calling on its members to join the French movement by "solidarity." "First, it means refusing to deal with hijacked ships to French ports payday loans. It is also very important for you to show your solidarity by sending letters of support and condemnation for employers and the government, "reads a letter in the union dock workers at Le Havre.

Early departures

The strikers are mobilizing to defend their right to retire early in retirement under the hardship.CGT ports and docks wants to validate an agreement on the recognition of the harshness found in late October with employers' organizations, which would allow retirement four to five years before the legal age for port workers 5-6000 with funding based on the branch but also from public funds.

For its part, the government calls for a resumption of negotiations "within the framework defined by the Act of November 2010 on pension reform, which would reduce to two years in advance of departures. Thus, fewer people would be affected.

For Jeremy Julian, Deputy Secretary General of the CGT dock in Le Havre, it is "incredible back on virtually everything that was granted." Serge COUTOUR warns: "The mobilization is still to go. We try to drown us in the case of pensions, while our case was completely offline for two years. "

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To distinguish itself from its competitors in the primary Socialist Manuel Valls one of his cards that 35 hours. Candidate said long-time deputy mayor of Evry therefore repeated Sunday that he had to "unlock" the legal working hours.Guest of Grand appointment 1/The Europe Parisien / Today in France, he was justified in pointing out in particular that in his eyes, "the 35-hour no longer exist as they have really been challenged gradually since 2002. "

"This should allow the French, for those who are fortunate to have a job, more work-two hours, three hours …- Without necessarily resorting to overtime that cost the state much, "said the candidate for the Socialist nomination for 2012:

Supporter of "work more and better," he hammered, "Is what you've seen a socialist who is now proposing to extend the 35 hours for example to all SMEs that were not affected by 35 hours? Is the world as it is today, with the competition we know we can afford to be on ideas of the 70, 80 and 90? No! This is my brand, we must go beyond the issue of 35 hours. " In 2012, "we can not go to the French with the same proposals, the same ideas the 35 hours, youth employment, in 1997.The world has changed so we too must change in our proposals, "Manuel Valls insisted, also favor the opening of negotiations between social partners to" raise wages. "

"Beyond the 35 hours," workhorse Valls

Critics Manuel Valls against 35 hours, however, are not new. In his book Power, published by Editions Stock in March, Valls violently attacked the measure that has "damaged the competitiveness of our economy.""Even if they have created employment, it must certainly exceed," he launched at the same moment on RTL, while the world calls "establishing a professional social security – what I call a flex-security – and redefining the working time and training throughout life. "

Implemented in the Jospin government by the current boss of the PS-Martine Aubry then Minister of Employment, the 35 hours is considered a social gain by Socialist leaders, who today put more heart in this issue political debate.

UMP side, the new secretary general of the UMP, Jean-Francois Cope, has reignited the debate about the end of 35 hours in mid-December announced a "reflection" on the subject, conducted by two Liberal MP and Novelli Chairman of the UMP group in the Senate, Gerard Longuet.But the government spokesman, Francois Baroin, as Labour Minister, Xavier Bertrand, have made a plea of receiving, considering that the government did not intend to reopen this debate.

Management side, the CGPME, resolutely hostile to the 35 hours, she also believes that the "problem" was "resolved" in small and medium enterprises and that this site should not be reopened.

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In the aftermath of a session sharply higher, Bourse de Paris consolidated its gains in early trading on a stable tone (-0.08% to 3744.24 points at the opening), before advancing to more offensively mid-session, 0.5% to 3760 points. But the announcement of U.S. employment figures worse than expected return has clues. The U.S. economy created only 39,000 jobs in November, more than four times less than the previous month and much less than expected, while the unemployment rate up to 9.8%, its highest level since April , according to official figures published Friday. In fact at 15 hours, the CAC 40 was down 0.4% to 3733 points.

This morning, Asian markets also evolved to levels close to their closing price yesterday. The enthusiasm of U.S. markets has not been contagious.United States, the indices ended Thursday's session on a positive note frankly.

On all financial markets, investors have welcomed the decision of the ECB to pursue buyouts of public debts, even if the institution has not specified an amount. According to traders quoted by the Financial Times, European Central Bank has implemented a comprehensive program Thursday buyback Irish and Greek in increments of 100 million euros, an amount four times higher than the previous interventions. Support for banks will also be continued until March 2011. Moreover, the boss of the ECB will meet Nicolas Sarkozy on Friday.

The euro stabilized

Chapter macro, the euro continues to rise above 1.32 to 1.3253 dollars shortly after noon. The single currency was passed back to below $ 1.30 soon after the support plan for Ireland.

Having had their eyes on Frankfurt and the ECB on Thursday that the United States as investors turn the spotlight on Friday. Besides the employment figures, will be published at 16.00 both industrial orders in the month of October and the ISM index of activity in services for the same month.

Accor, Areva and the bank will be the focus of attention

As for values, attention should turn to Accor (+0 instant credit reports.29% at 33, 39 euros), which announced Thursday the sale of 18 hotels in Sweden to a consortium of investors who continue to operate the park under the same sign, under franchise agreements.

STMicroelectronics jumped 4.15%.The broker Exane-BNP Paribas raised its rating on the title of the semiconductor manufacturer to "outperform" and has revised up by 50% its price target, saying had "erred in degrading the recommendation in September "miseant and a return of profits from Ericsson T by the fourth quarter of 2011. The title appears as the head of the largest increases in the Cac 40, before Alcatel-Lucent (2.82%) Cap Gemini (2.64%), Vinci (+2.20%) and Veolia Environment (1.47%) ranked stocks that climbed more than 1% despite sluggish dominant.

Carrefour also variation asserted, but down: the distribution group is one of the Cac 40 withdrawing so strongly (-0.99%).

The bank evolve piecemeal: Natixis yields 0.81% and 0.30% Credit Agricole loose.In contrast, BNP Paribas 1.42% advance and Societe Generale advance of 0.67%.

Areva (0.65%) will also retain the attention of investors. The French nuclear giant renegotiate the terms of its capital increase, said La Tribune. In fact, the announcement of the state participation in the operation modifies the terms of the agreement in talks for 18 months. The transaction would take place in two stages: the state and the sovereign funds of Kuwait would provide one billion euros of which 750 million from France. Then, EDF (1.07%), Alstom (+0.51%) and Mitsubishi take part in a round table industry.

Hermes International lost 7.71% but retains a gain of nearly 69% since the beginning of the year.Family shareholders were to meet Friday to consider ways to respond to the surprise entry of LVMH (+0.33%).

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Apple has the showmanship. On Monday, a message posted on its website promised an announcement "exceptional" for this Tuesday at 16 o'clock. Immediately, the specialized sites are engaged in a true treasure hunt to guess the subject of this announcement. One scenario has quickly established itself: the arrival of the Beatles catalog on iTunes.

Since the launch of Apple's digital music store in 2003, integration of the Beatles on iTunes does figure of Arles. The rumor resurfaced routinely before each conference Steve Jobs. In September 2009, was taken for granted: the band's albums were released in version "remastered" and Paul McCartney and Yoko Ono, two managers of the precious catalog, had indicated their desire to negotiate with Apple.

Relations have not always been so addressed.A dispute has long opposed the label Apple and Apple Corps, founded by the Beatles, who share the same name. To avoid confusion of trademarks, the California company has embarked on in 1981 to have no musical activity. The output of the iPod and iTunes came to cause trouble. After several passages in court, an amicable agreement was reached in 2007 between the two Apple.

The situation has been gradually released. And according to The Wall Street Journal, the New York Times and Billboard, the negotiations to release the Beatles catalog on iTunes, started a long association with the major EMI have finally succeeded. Apple could benefit from a presentation Tuesday to introduce also a version of the iPod and the iPad dedicated to the Beatles, as he did for U2 before.

A symbolic

Described as "exceptional" by Apple, the announcement will first and foremost a symbolic significance.The Beatles are indeed one of the last groups to go digital soon. According to the New York Times, the agreement would in fact much to the tenacity of Steve Jobs, a great admirer of the group. Upon the death of George Harrison in 2001, the presentation of the Apple site had been upset to pay tribute to the guitarist of the Beatles.

The financial impact may be more marginal. In a depressed record market, the "Fab Four" certainly retain a capacity to attract phenomenal. United States, they still achieved the third best selling in 2009, behind Michael Jackson and Taylor Swift. In France, EMI has sold 100,000 last year remastered CD in just one week. But Apple is gaining much more money selling iPod and iPhone with iTunes. And the fans did not wait for iTunes to convert the songs themselves the Beatles.

That is why other announcements are expected on Tuesday …by Apple fans this time. "There is a chance that Apple has changed its plans at the last moment," also said the Wall Street Journal. iTunes, which has previously adopted the model of downloading the document, could convert to listen to streaming music subscription, facing the breakthrough services like Spotify. But this requires new agreements with record companies, which have not yet been signed.

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The situation in the service stations in France remained "a little tense" in some areas, but "we are in crisis" and "normalcy" is expected "Thursday", said Alexander AFP Monday Benoist, Chief Executive of the IPU.

According to the Union of independent petroleum importers (IPU), it remains "here and there" service stations that have not all products, "essentially the SP98, due to difficulties in restocking holiday Monday.

But "there will be a large number of replenishments from Tuesday," said Alexandre de Benoist, "primarily in the stations go dry.""The return to normal is scheduled for Thursday," he said.

The Department of Energy had said earlier in the day that supply the cell set up to coordinate the response of governments to the fuel shortage will continue for another week, but in a "very lean "to" monitor and thinning of the return to normal until early next week. "

The plan put in place for the long weekend of All Saints "works satisfactorily in all targeted areas: the main roads (which) have been constantly fed, and improvement in the Ile-de-France in the West Zone continues. " There remains some "occasional difficulties", recognizes the department.

The ministry said the situation is normal in over 95% of service stations in the country.

(With AFP)

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Click on the thumbnail to enlarge the graphic.

Assists Is there a turning point in public opinion? The ruling of the French on the movements of strikes against pension reform is changing and becoming more complex. The idea of a massive and persistent support for the mobilization seems to crumble. The poll by the Opinion Way Institute for Le Figaro notes including a significant rise in disapproval of the bottlenecks in refineries or in high schools. But the newest item of the survey is also the wish of 56% of respondents that unions "shall respect the parliamentary vote" as soon as the pension reform is adopted, and "stop movement".A view that is shared by an overwhelming majority to the modem, the UMP, and also the FN – yet very antiparliamentarianism tradition.

The strategy of Blitzkrieg

This validation of the parliamentary republic is the first element buttress the contention of the Elysee, which has always argued that we should not take the French by surprise vote by the law during the summer or very early September, while in recent times, some viewed the majority that the strategy of Blitzkrieg, the time desired by Xavier Darcos, should be preferred. "The time for consultation and parliamentary debate was totally respected," stands near the head of state, "and the French have seen.""It's also a recognition that the method Sarkozy was not particularly authoritarian, except to consider one or two million protesters necessarily right against the president and parliament," says a devotee of the head of the state. The final acceleration of the Senate debate was the only departure from the compliance rate of parliament.

However since the beginning of September, the parliamentary debate was not forced. Informed of the failure of the CPE in 2006, Nicolas Sarkozy has been guided by the idea not to expose themselves to criticism to the French traitor, and so much more that pension reform was not a campaign promise. He chose this method to the risk of social conflict difficult to negotiate. "This survey shows that the law of the street shall not prevail against the law of Parliament," says someone close to the head of state.This optimism is tempered however by the Elysee, which does not fully suit the protests on "other issues around a ras-le-bol against the president."

A difference between "understanding" and "support"

OpinionWay our survey also shows that the public has a viewpoint more complex and nuanced than expected on the conflict cheap pay day loans. For example, there is a significant difference between "understanding" – more passive – the choice to demonstrate or strike, and "support" – most active – at these events. Respondents "include", 61% demonstrations and strikes against pension reform. But they are only 51% to the "support". "The idea of support is far more engaging. In general, the French are surveyed on their sympathy for the movement, or their approval.But approval is a far less involving than the support, "Bruno Jeanbart analysis, institute OpinionWay.

This grade vocabulary, which may seem high, is important. It also explains the difference between the rate of support collected by this survey and the very high rates published by other institutions, such as PVA (69% approval for strikes). Moreover, the quasi-equilibrium between support and non-support – 51% against 48% – shows a return of the cleavage between right and left, thanks to the radicalization of the conflict. There is a massive presence of the right and one from the modem to the disapproval of the student movement (55% of respondents). And this mobilization of the right is even stronger against blocking refineries (disapproved by 59% of respondents).Government intervention to unblock the same refineries is acclaimed to 63% above the 61% approval rating in the demonstrations. The reaction of "not touch my car" has played to full against the "blockers" and "thugs" that deprive the French of gasoline and burn their cars. "This means that the French are sympathetic to the protesters who does not at all," says a pollster. One point that Nicolas Sarkozy has understood, Thursday, choosing a hard line against the radicalization of the conflict.

Despite these favorable trends of public opinion, the Elysee acknowledges one of its communication failures: the pension reform was seen as inevitable, but "unfair" by the French. The contribution announced on high incomes – the first sprained tax shield – nothing changed."The visibility of the social movement was much stronger than our teaching," admits a counselor. "When the president will speak, this is an opportunity for him to repeat it calmly," he adds.

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Brazil weighs heavy for Carrefour. No. 2 worldwide distribution announced yesterday in a statement that the audit underway in the country has led the group to rise from 80 to 180 million euros over the year excluding special charges "which consist mainly of provisions discount for non-recoverable and tax disputes as well as depreciation and inventory adjustments.

This finding requires Carrefour to review its annual goals down.The group now aims for the full year, operating profit before non-recurring items of around three billion euros, while previously it expected a profit of 3.1 billion.

The Paris Bourse does not like this ad: title Carrefour is the fastest decline in the CAC 40 on Friday, down 2.77% at the opening, while the benchmark index of the Paris market gaining 0.29%.

Pierre Bouchut, CFO of Carrefour, however, sought to reassure yesterday, stating during a conference call that the group's transformation plan is on track to deliver cost savings and economies of purchases planned .

Sales up thanks to emerging

The retail group also announced for the third quarter sales of 25.615 billion euros, up 1.1% same-store quick payday loans.This compares to 25.516 billion euros expected by analysts. This result is "robust despite an environment which remains difficult in many key markets," said Lars Olofsson, Executive Director of Carrefour.

This performance is explained by the strong quarterly sales internationally and particularly in emerging markets. In Latin America, sales increased 8.3% in the third quarter same-store sales to 4.522 billion euros. In Brazil, sales rose 5.2% while they stand up strongly by 21.5% to 884 million in Argentina. In Asia, revenue increased 3.5% to 2.256 billion euros, up 7% in China.

In France, sales rose 1.4% same-store sales at 10.488 billion euros (10.666 billion against expected), of which 5.285 billion euros in hypermarkets.In the deep discount, they show a decline of 10.4% compared to 574 million euros.

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A new retail brand will make its appearance in the French countryside. Auchan, a pioneer of the "drive", the stores where customers come to pick up the groceries they ordered over the Internet, opens Oct. 25 in Halluin (Nord) its first Chronovillage.

The site will include a drive and six small independent stores. On the parking Central Chronodrive, two buildings on 1000 m2 host a bakery Paul, a wine merchant Nicolas, florist flower island, pizzeria and a Pizza City premiere called "Partisan Taste." This sign is a new concept developed by the industry group Auchan supermarkets, Simply Market. On 500 m2, this supermarket offers a wide range of fresh produce.Simply Market does not specify the exact content of the assortment which may include, in addition to vegetables, meat products or fish.

Driven Immochan, a subsidiary of property group, this extension of scope of 1000 m2, is not subject to administrative approval, will offer customers a complimentary Chronodrive products do not lend themselves to online ordering.

With Chronovillage, Auchan seeks to make the concept more attractive Chronodrive. For ten years, the Yankee Group deploys two parallel drive systems, which each have 23 locations: on the one hand, Auchan Drive, a pickup service orders backed by an Auchan hypermarket classic.On the other hand, Chronodrive, simple warehouse storage and order preparation, in which customers are not allowed.

Pressed urban assets

Auchan Drive offers all of the offer of a hypermarket, at least 30,000 references cash advance to savings account. The customer who placed the order online and can remove just the complete shopping in the mall adjacent to the hyper. Chronodrive does not offer him that 7000 References from consumer products the most common. The races are directly loaded into the trunk of the customer, who has no reason to leave his car.

The test Halluin aims to boost traffic, sometimes disappointing, the Chronodrive, attracting a clientele of urban assets in a hurry who do not want to buy everything online."In this way, Auchan confirms Chronodrive as a true destination shopping and commercial locomotive Mini Preschool Centres," said the journalist Bertrand Gobin, which revealed information on its website leblogmulliez.com.

According to the results, Auchan replicate the model. The group is also working on a format more urban "Chronovillage of Lille. No partnership has been signed with retailers. Paul tells the baker that each new plant will be consulted "preferentially."

Moreover, the Auchan group, which gathered earlier this year Chronodrive and Auchan Drive in a joint holding company, the organization seeks to bring the two networks."Synergies are being established," says William Toulemonde, in Immochan North.

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