The fourth global hotel group, first in Europe, believes that the trends observed in the fourth quarter of 2011 continued in January and February, with strong growth in turnover in emerging markets and higher prices in the economy segment in Europe and the United States.

The action wins 3.5% at 27.12 euros at 10:15 am, posting the third highest increase in the CAC 40 (-0.44%) and giving a market capitalization of 6.16 billion euros . The stock has taken 38.5% since the beginning of the year after falling 41% in 2011.

Accor, whose ultimate goal is to reduce debt, reduced its debt to 226 million euros at end 2011, against 730 million a year earlier, following the sale of Groupe Lucien barrier and Lenotre and property assets to refocus on the hotel and through solid operating cash flow generation.

The group then donate to shareholders EUR 1.15 per share, of which € 0.65 ordinary dividend under in 2011, up 4.8% compared to 0.63 euro expected according to the Thomson Reuters consensus I / B / E / S. 

Accor, which ranks behind InterContinental, Marriott, Hilton and Starwood, posted an operating profit of 530 million euros, above its target range and an increase of 32.6 % at constant exchange rates, compared with 524 million expected by analysts polled by Reuters.

The operating margin stood at 8.7%, up 1.2 points on a reported and comparable data at two points.

"These are performances that allow us to envisage the future with confidence but also with appetite and ambition," said CEO Denis Hennequin at the presentation of results. 

Net income dropped to 27 million euros, against 3.6 billion for fiscal 2010, which included a gain of more than four billion euros related to the splitting of the pole services an IPO under the name of Edenred.

A SALE OF MOTEL 6 FUTURES NOT EXCLUDED

Accor, which owns the brands Ibis, Novotel and Sofitel, announced in January, up 5.2% of its turnover in 2011 to 6.1 billion euros, with an increase of 3 6% over the fourth quarter alone.

Accor, which opened a record 38,700 rooms last year against 25,000 in 2010, still plans to open 40,000 more in 2012.

"The key will be the organic development (…), But we do not exclude, and we have the financial leeway for this, look at acquisitions in developing markets, less mature, and over which we have faster returns ", said CEO Denis Hennequin

. He added continue to look to Latin America and Asia Pacific, following the acquisition of Australian company Mirvac hotel management announced in December to 195 million

….. About the brand …. Economic Motel 6 in the U.S., too wasteful, Accor expects to dispose of hundreds of hotels this year after 41 in 2011 to reduce its capital employed for years to come, said chief financial officer Sophie Stabile. 

"Today we restructured the model, it accelerates its transformation, and if along the way were a buyer, we do not deprive of the opportunity," she said.

In 2011, the economy segment in the U.S. shows a return on capital employed (ROCE) of 5.2%, albeit up 1.1 points over one year, but compared to 12.3 % for the whole group.

The Nikkei gained 100.92 points to 9485.09 points after surpassing the 9,500 points for the first time in over six months. The Topix broader took 8.58 points (1.06%) to 819.03 points.

China cut Saturday the amounts that banks must hold in reserve, thus increasing their lending capacity from 350 to 400 billion yuan (42 to 48 billion euros) in a context economic downturn.

Finance ministers from the euro area shall meet on Monday to discuss the second aid plan for Greece amounting to EUR 130 billion, crucial to restore the air indebted country.

The yen fell to a low of six and a half months against the dollar, which has benefited Japanese exporters. Toyota took 1.98% and Nissan gained 1.89%.

Standard & Poor's affirmed its AA-rating of the sovereign debt of Japan and maintained its negative outlook. The rating agency notes that structural problems, such as reducing the nominal gross domestic product or the rising cost of social protection, weighing on the country's ability to re reduce its budget deficit.

Countries wishing to present candidates must do so by March 23. The bank hopes to communicate his choice at meetings of the World Bank and International Monetary Fund in April.

The Bank will select three candidates and publish their names if they agree. Robert Zoellick said Wednesday that he would not stand at the end of his term on June 30

Developing countries, which have been demanding for years a greater role in decision making in major international financial institutions should emphasize the importance of a process that is open to competition.

But it is commonly accepted that the presidency of the World Bank will once again an American.

The U.S. Treasury Secretary Timothy Geithner said Thursday that the U.S. would nominate their candidate in the next few weeks.

The two people most often mentioned as possible successors are two Americans: the Secretary of State Hillary Clinton and former Treasury Secretary Lawrence Summers. The Secretary of State Hillary Clinton said would not take the position.

The World Bank states that candidates should have experience of management, management of large organizations, be firmly committed to multilateral cooperation and have a clear vision of the mission Development Bank.

Its sales fell 14% to 19.15 billion, mainly due to lower shipments to the U.S. military due to its withdrawal from Iraq. Analysts on average expected sales of 22.27 billion.

The EBITDA (EBITA) of BAE rose to 2.02 billion pounds (2.43 billion euros), against 1.9 billion expected.

The first group of European defense, which derives 47% of its turnover of U.S. and 29% of Britain, suffered cuts to military spending decided ; by Washington and London are part of the sanitation of their public finances.

BAE has also been affected by the postponement of Saudi Arabia control 72 fighter aircraft Eurofighter Typhoon built by a consortium which the group belongs.

Earlier this afternoon, the action BAE lost 2.94% at 323, 20 euros. 

The British and French group Dassault Aviation, however, should be entrusted with developing the next generation of European combat aircraft, according to information from the daily Les Echos.

"Everybody acts as if the world market for the defense was going to burn out, this is not the case," said Edward Hunt, a consultant for IHS Jane's Consulting.

Despite the uncertain outlook, BAE has increased its annual dividend by 7.4% to 18.8 pence per share.

The manufacturer of beers Heineken and Amstel, who has saved 614 million euros in its latest plan to reduce costs over three years, said Wednesday strive for greater operational efficiency over the next three years.

In 2011, net earnings excluding items of Heineken totaled 1.58 billion euros, against a consensus of 1.52 billion.

The group, present in all countries the most vulnerable in the euro zone, said 2,012 to build on growing its business in Africa, Latin America and Asia. 

He hopes to compensate for an increase of 6% of its production costs, mainly due to higher prices of malted barley.

Brewers tend to guard a year in advance against the rising cost of inputs. Like its competitors, Heineken is preparing to undergo the surge in commodity prices seen in 2011, when the futures malted barley jumped 40 %.

The action Heineken gained just over 2% since the beginning of the year, according to the European sector index of food and drink, but doing less well than competitors Anheuser-Busch InBev, SABMiller and Carlsberg.

President of the United States, which had already exhibited this weekend outline of the proposed budget earmarks $ 350 billion to programs creations jobs and 476 billion in major works, including roads.

Of revenues, Barack Obama proposes to tax the income of millionaires at 30%, main idea of ​​his speech on the state of the union last month, and expects 4,000 billion in savings ten years, according to the plan unveiled in September. 

"We built this budget around the idea that our country has always given the best of himself when everyone had his account," he said. "It challenges the economic policy of 'make do', which has widened the gap between rich and poor Americans."

The proposed budget provides the outgoing president an opportunity to present his program and to present his Republican opponents as candidates of the rich. The conservative movement denounced for his reckless spending and accuses him of wanting to increase taxation.

"The Obama budget is an insult to American taxpayers," ruled Mitt Romney, a favorite of the race for Republican nomination for the presidential election of November 6.

The draft budget forecasts a deficit of 901 billion dollars against 1,330 billion this year. This sum, higher than the estimates made in September by the White House, represents 5.5% of gross domestic product (GDP) in 2013, against 8.5% in 2012.

Some resignations later … The Greek government has finally approved, this Friday night, a bill involving the country in the reforms demanded by the EU and the International Monetary Fund for the implementation of a second bailout of 130 billion euros, according to government officials.

The bill should be voted by parliament Sunday, which would make Greece a financial solution so that Athens must pay 14.5 billion euros of bonds maturing next month. The country will not honor these debts without further aid.

The European Union urges the Greek government to provide details of further cuts in public spending of $ 325 million.

It also requires a clear commitment of party leaders of the coalition government to implement reforms.

"We can not let Greece go bankrupt. Our priority is to take steps to adopt the new economic program and the new loan agreement. It goes without saying that those who disagree and do not vote for the new program can not remain in government ", said Prime Minister Lucas Papademos to the Cabinet

…. Friday ….., the Greeks began a 48-hour general strike to protest the new austerity measures demanded by international creditors and which Athens could not be the economy, according to Finance Minister Evangelos Venizelos, at least of leaving the euro

. Clashes between protesters and police erupted Constitution Square (Syntagma), but to Parliament protests , followed by relatively few, have generally been peaceful

. The first police union, which accused the International Monetary Fund (IMF) and the European Commission undermine democracy and national sovereignty, expressed his wish not to act against their "brothers". A local newspaper also publishes a photo montage showing German Chancellor Angela Merkel in a Nazi uniform.

The four government members from the LAOS, far-right party that belongs to the governing coalition, submitted their resignations in protest against the demands of international creditors, reports news agency ANA. George Karatzaferis, leader of the movement, had previously ruled to endorse the new austerity plan.

The device provides for a 22% decrease in the minimum wage, the elimination of 150,000 jobs in the public and reduced pensions.

For many Greeks, impoverished by five years of recession, in a country where unemployment affects one in five working where shops are closing one after the other, these new measures are unacceptable.

The specialist for caravans and motorhomes, present only in Europe, is faced with the difficulties of Spanish markets, British and Italian, on which the austerity measures weigh on consumption, he said in an interview with Reuters on Wednesday.

"Overall there is a multi-speed Europe in relation to consumer products Trigano," he summarized, adding that Scandinavia, France and Germany remained strong markets. 

"Today the situation is extremely fluid and it has the possibility of being challenged, so there is a relatively average visibility."

Created in 1945, designs and builds Trigano campers under different brands for an average price of 50,000 euros as well as caravans, camping equipment and garden equipment or even trailers.

Since the beginning of the 2011-2012 fiscal year, September 1, the company saw its registrations of trailers and motor homes – representing over 60% of its revenue – increase each month, said Francois Feuillet.

But sales of the group could still be affected by economic events that may undermine the confidence of consumers, he added. 

Economic uncertainty may well deter the heart of the customer Trigano, mostly aged 55 to 65, to make major purchases, he said.

"What happened to the ship may happen to us", says François Feuillet, in reference to the boating market, the manufacturer of pleasure boats Beneteau expects to see fall by 20 % in 2012.

François Feuillet also explained that Trigano continue to seek acquisition opportunities abroad, among the major manufacturers of motor homes, trailers specialists and small market players leisure accessories.

The company achieved fiscal 2011 on a turnover of 749 million euros, up 7.3%. 

The first quarter fiscal 2012 (September-November), the CA has reached 190 million, an increase of 2.2%.

In exchange, the action Trigano rose nearly 20% since 1 January and the company is valued around 285 million euros.

The Banque de France (BoF) expects zero growth of the French economy in the first quarter 2012, according to its first estimate announced Wednesday in a statement. In January, industrial activity has "very slightly from the managers interviewed," noted the facility, noting that forecasts "predict a continuation of the activity for the coming weeks".

The utilization of production capacity is "quasi-stable, below its average level of long period", and order books "remained near the normal level, in line with a slight increase in new orders" , he said. Stocks of finished products "have remained close to the desired level" and commodity prices "continued to increase slightly," according to the Bank of France.  

Regarding services, the BoF states that "forecasts are oriented towards a stable activity in the short term" in January after finding a "slowdown" in growth "due to a decline in temporary employment and computer activities. " The numbers "have stabilized overall" and prices "have paused in their advance," she noted.

The luxury leather goods, which has now updated its image with its collections of bags signed by supermodel Kate Moss, grew by 22% at constant currency in 2011, an increase of remarkable considering that the basis of comparison was high last year: the increase in sales had already reached 23%.

"The yeara been very good. To achieve such a result, all regions and all distribution networks worked very well, except Greece, "said Jean Cassegrain, Director General ; ral group, in an interview with Reuters

. But for the current year, the pace should slow in view of threats facing a recession in Europe, where the brand still two thirds of its sales

. "We continue to expect a double-digit growth for 2012, but that is not the same as last year (…) With the downturn in Europe, we must be cautious. It will be a bit more complicated than in 2011, "said Jean Cassegrain

. China and the United States should be able to save growths similar to those of last year, but for Europe, "one can ask more questions," he said

……. .. In 2011, Longchamp has recorded double-digit growth in all regions of the world, with special reference to China, where it exploded (65%) and Germany – the third market for the brand after France and the U.S. – where it reached 40%

. MOUNTED ; E RANGE IN

Longchamp's presence across the Rhine in the 1950s. The group participates in the salon of leather Hoffenbach, the first German trade fair, since the first edition.

In France, which remains the largest market for the brand to the rider (35% of sales), growth has "reached double digits" over last year due to purchases of strange customer re. And despite a very depressed economy, marked by a decline in consumption (-0.5% according to INSEE), sales to domestic customers also rose, but the increase was limited to "a number".

In the U.S., where the luxury market held up well last year, Longchamp has seen its sales climb 20%.

Like many of its competitors, the leather makes a move upmarket – and price – and most expensive products become flagship products.

"There is a demand from our customers for more sophisticated bags in the most beautiful skin, finished with neater. Their price is related to their quality, "commented Jean Cassegrain

. So the" BALZANE "- the bag is named for the white spots feet of some horses – launched in September 2011 and already the best-selling leather bags. Sold between 550 and 750 euros, depending on the finish, he enrolled in the high end prices

. brand Longchamp, which lowers costs by relocating one third of its production in China, Morocco, Tunisia or the Mauritius is positioning itself in the luxury segment called "affordable" with leather bags sold between 400 and 600 euros on average

. PRODUCTION CAPACITY

To cope with demand far exceeding supply, as Hermès or Louis Vuitton (LVMH) , Longchamp had to increase its capacity. He brought to five the number of workshops dedicated to China last year and expects to double its capacity in Tunisia this year.

While the debate rages on "Made in France", Longchamp, who had taken a few years ago in the utmost discretion subcontractors in the textile industry employing about 150 people, said TODAY 'hui "very difficult to find labor in France."

"It takes considerable effort to find, motivate and recruit young people in France," lamented Jean Cassegrain.

"Our presence in China is not only motivated by cost but also the need for large capacities. We can find a labor both skilled and abundant. "

In January, the leather has conducted ; higher prices "somewhat higher than usual", between 2% and 5%, to pass on higher commodity prices, particularly of raw hides, which the price has doubled in two years

. Like its competitors, it fight to secure its supply of hides, he buys mostly France, Italy and South America

. The family group, which ensures to finance its growth on its own resources, will maintain the pace of store openings this year with, among others, a new flagship in Hong Kong, its first store in Milan, Monte Carlo and in Saudi Arabia. 

The leather goods now owns a network of approximately 1,800 outlets worldwide, own or franchised stores, concessions in department stores or sales in multibrand stores.

For spring, he launched a new line of foldable bags famous. Nylon but not leather, they replicate in an ultra-soft skin folding these pockets with multiple formats, sold each year some two million copies.