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Anne Lauvergeon is everywhere. The CEO of Areva, whose term expires June 30, has officially applied for membership in its own succession last December 6. But only a few days since she does publicly campaign – a term she hates the rest.

Tuesday Women's Day, which runs Areva decade has accelerated its cons-offensive with two television studios and a radio program. Areva, the world's nuclear group appears to have become "too serious for a woman, she amused herself Tuesday night on France 2 at a roundtable on the role of women in business.One way to suggest that there is some sexism in the attacks is the subject for months if not years.

Thursday, March 3, presentation of annual results of the group had already been an opportunity seized by Anne Lauvergeon of his arguments. With undeniable skill, ex-sherpa Mitterrand has made 2010 accounts Areva – marked by the first operating loss in its history – the bedrock of his ambition. According to Anne Lauvergeon, now that the efforts will pay. And Chair of the Board does not see why another would "reap the fruits" of his work.

Another argument: Areva is a highly strategic activity, for which experience is essential."This is not a working postmaster, anyway," she said March 3.

Better yet, his supporters on the frontline, as the president of the U.S. utility Duke Energy, which has cracked open a letter. "The French government has demonstrated long-term strategy when it invested in nuclear power in the 1970s and again when he appointed Anne Lauvergeon at the head of Areva, a decade ago," wrote Jim Rogers. The never-seen!

The best Spinetta

The assurance of Anne Lauvergeon, repeatedly given party against his will, in more than one surprise. In the camp – many – opponents of Anne Lauvergeon, it admits flabbergasted by the "cheek" of the "endgame." But a few days or weeks of the final decision, the situation has changed a bit. In this highly political issue – to be decided ultimately by the Elysee – the president of Areva has regained support.Or rather, opponents of weight moved away. Borloo First, during the reorganization in November: "He was our minister, but to believe that he flayed his mouth to utter the word 'nuclear'" notes-there in the entourage Areva.

Claude Gueant then: the former secretary general of the Elysee is now Minister of the Interior. Near Henri Proglio, president of EDF in cold – fleece – with Anne Lauvergeon, it will weigh less in this case. By contrast, François Fillon and Christine Lagarde, considered to support the president of Areva, are still in office.

Jean-Cyril Spinetta, the chairman of the supervisory board, is also a true ally. He never formally expressed on the subject, but he linked his fate with that of Anne Lauvergeon.At the general meeting of shareholders on 27 April, ten of the fifteen members of the supervisory board came to the end of their mandate. If Jean-Cyril Spinetta is renewed, it will bode well for Anne Lauvergeon.

As for the list of candidates submitted to the government would have the same Jean-Cyril Spinetta, it follows a path somewhat hypothetical. Arrested for one, updated in real time … Several other names, still the same, have been circulating for weeks. "Anyway, anyway, everything is played in the office of Nicolas Sarkozy, looking into his eyes," suggests one observer. In the meantime, Anne Lauvergeon trusts that the game remains open.

Henry Parker, winning ticket
The image of France has certainly been worsened by the fiasco of the Blues during the World Cup in South Africa. Not their wallets. For the fourth consecutive year since the retirement of Zinedine Zidane, Thierry Henry leads the ranking of the best paid French sportsmen revealed Saturday by The Mag Team, established in a very precise calculation (salaries, bonuses, advertising contracts …). Substitutions in Barcelona and then exiled to the United States, the former Arsenal player has accumulated 18.3 million euros in revenues for 2010. The withdrawal of premiums for France and the League of Champions (won by Barcelona in 2009) lost him 500,000 euros compared to 2009 (18.8 million).His lucrative contract with the New York Red Bulls (5.6 M) and its many advertising contracts (some of which ended in 2010) nevertheless allow him far enough to relegate her boyfriend Tony Parker, ranking second with a 1.1 million in 2010 (12.2 million). The renegotiation of his contract with the Spurs could allow it to monopolize the top spot next year.

21 of the 23 strikers Knysna in the Top 50, no woman
Sebastien Loeb (5th with 7.3 million) and NBA (Boris Diaw 6th, Joakim Noah 24e) are the only ones to compete with football king, expected to draw lesson from this study. Despite the disaffection of a portion of public opinion related to the fiasco of the World Cup, the number 1 sport in France outclasses all its rivals (salaries, television rights …), by placing 41 players among the 50 best French athletes paid cheap business cards.Note that 21 of the 23 strikers Knysna (missing Carrasso and Planus) appear in the Top 50 neglected by women for the second consecutive year (Aravane Rezai registration at 1 million euros, Sylvain Armand, the 50th, at 2.5 million euros).

Karabatic Lemaitre behind
Targeted among the leaders of the mutiny of South Africa, Franck Ribery climbs on the 3rd step of the podium (10.2 million) through an upgraded contract at Bayern. The absent in South Africa are doing very well as Karim Benzema (4th with 9.3 M) or Patrick Vieira and David Trezeguet (tied 8th) flowing end of a career peaceful and golden (6.5 M) . First representative of France Championship, Yoann Gourcuff is in 10th place (6.1 million), far enough from his runner Claude Makelele (20th with 4.1 million).And light years before Nikola Karabatic (650 000), Jean-Baptiste Grange (300 000), Christophe Lemaitre (260 000) and Jason Lamy-Chappuis (140 000), new heroes of French sport completely incognito. Another world.

The best-paid French sportsmen:
1. Thierry Henry (Football) 18.3 million
2. Tony Parker (basketball) 12.2 M
3. Franck Ribery (football) 10.2 M
4. Karim Benzema (football) 9.3 M
5. Sebastien Loeb (rally) 7.3 M
6. Boris Diaw (basketball) 7.2 M
7. Eric Abidal (football) 6.7 M
8. Patrick Vieira (football) 6.5 M
. David Trezeguet (football) 6.5 M
10. Yoann Gourcuff (football) 6.1 M

The economic and financial crisis has shown that market prices could deviate from the long-term fundamental value of assets. Speculation and economic fundamentals are not sufficient to explain certain behaviors described as irrational. It is the foundation of a theory, behavioral finance, developed in the 1970s by Daniel Kahneman and Amos Tversky, rewarded by a Nobel Prize in 2002. It is now taken by some societies as JRC AM that it is a specialty, with its capital CCR Growth Flex.

lefigaro.fr / jdf.com – Since the beginning of the year, investors prefer the values they abandoned last year. They would lack of discernment?

Roman Lahoste – Investors may lack discernment as shown by some excessive turnovers.And indeed this is true for sectors but also for geographical areas, as the CAC 40 index outperformed both the U.S. stock indices as the indices emerging.

L'horizon économique s'éclaircissant quelque peu, les investisseurs reviennent sur les valeurs ou les zones géographiques qui ont le moins bien performé l'an passé et qui paraissent donc bon marché. They do not care whether they are rational or not. Besides, if you look at previous cycles, they have always worked like that.

We are witnessing yet to rebound more than 20% for certain sectors such as banking shares.Did we go from one extreme to another?

That's true if you look at sectors or certain geographical areas but more broadly, I do not think you can talk about brutal downturn: global equities continue rising started out of the summer of 2010 as as fears subside.

Financial markets bull born in pessimism and doubt may be long upon the optimism and reach their climax in the euphoria. 2010 was a year of doubts and 2011 will be the return of optimism. But guarded optimism. We are not yet in a phase of euphoria. We go out to the penalty phase of doubt.

When is it we're in this phase of euphoria?

When investors do not perceive more risk and will not want to see positive signs.In other words, when financial markets are no longer concerned about the European and U business cards.S. debt or the rising inflation in emerging countries for example. But at this point, it will not necessarily leave the market as rising euphoria can last very long.

As the saying goes on Wall Street, he must stay invested in winning positions and cut their losing positions. Investors such as portfolio managers generally have the temptation to do the opposite. And that is their mistake. After realizing a profit, even if they can still hope to double their bet, they will tend to take profits. However, after a loss, rather than cut their losses they will tend to leave the risk and not sell. The investors then react as casino players who want to "remake".

How should investors do to prepare for this phase of euphoria?

Anticipate market reversals is a very difficult, unreliable and time consuming. Investors should instead be setting standards of conduct and maintain it, even if they miss some opportunities. Indeed, we believe it is better to forego a gain in the short term to avoid a larger loss in the long term.

From a technical standpoint, we recommend the establishment of "stop loss" (order placed by an investor to limit his losses in case of falling stock price, Ed) that serve as "safeguards "to compensate for the risk manager in the extreme phases of markets or the decision is often distorted. A phase of euphoria usually turns into a bubble.However, if one knows when it starts, you never know when it stops.

Should we fear the next bubble?

Since markets exist, there have always been bubbles and crashes. Each time, investors have not learned.Behavioral finance teaches us that all these risks are extreme benefit related to human psychology never changes as economic fundamentals./ P>

"Faced with losses, investors' attitudes changed dramatically": they are more likely to renew their commitment vis-à-vis an investment when it posted a loss

The first steps of Tekka on financial markets are definitely not easy. On 8 February, ten days after being officially launched its IPO process, management of dental implants specialist announced a fundraising well below 15-17250000 euros it initially wanted up, with only 11.25 million euros collected.

Set at 10.85 euros, the price per share was well below the price range announced in late January, from 13.15 to 15.15 euros. And for the first day of trading on Monday, far from unanimous among investors, the stock has collapsed. At noon, it fell by over 6.5% to 10.14 euros. A better, however, after some 11% of any decline in early trading.Despite an introductory price lower than expected, investors were therefore considered too high, the recovery group (43.25 million).

International growth slowed

After the operation, the company Rhône-Alpes has failed by almost 4 million goal down. A partial success forcing to "consider the establishment of a new timetable for international expansion, opening new branches being made more progressive," according to a statement.

For now, management does not give more details on the timing of this new calendar, but the international growth could take a year or two more than the three planned exercises.This uncertainty about the pace of development and thus on the horizon to arrive at the balance of society, is not likely to reassure the markets, in an already unfavorable to the confidence of the operators. Initially, Tekka wanted to open by 2013 six new branches abroad (United Kingdom, Greece, Italy, Canada, Egypt, Switzerland), in addition to the existing five (Spain, Germany, Turkey, Belgium, Morocco).

Financial markets still closed

This performance is disappointing but reflects the state of financial markets, especially little bit open and fond of corporate records had still not reached equilibrium. This is the case of Tekka. The company operates in a market enjoying strong growth, supported by favorable demographic trends, but had to invest heavily to develop its product lines and subsidiaries abroad.Result: If sales posted an average annual growth rate of 55% since 2001, annual losses in 2009/2010 totaled nearly 2 million (year ended 31 March), against 3.5 million a year earlier . Analysts said the group should not achieve its first profit until fiscal year 2012/2013.

Nevertheless, bourisèrement, the course should êtrer less volatile than small biotech companies with recent entry on Alternext (Carmat, Neovacs …). Like the "med-techs" Tekka has already approved and marketed products, which limits the impact of a possible failure on a product under development.

Also note that the listing venue chosen by the company does not promote its visibility, which inevitably limits the interest of investors.Certainly, trading on Alternext enables small and medium enterprises to acclimate smoothly with the requirements of the Exchange, but it offers them less well known, an element that is sometimes detrimental to the stock performance potential. One more factor that explains the poor performance of the track this morning.

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It is unknown to the general public and comes from Finland: Neste Oil is the worst company in the world because of its social and environmental performance, according to the NGO Berne Declaration (BD). Neste Oil was awarded the Public Eye on Davos People's Award 2011, after voting on the Internet. His crime? Produce and sell "Neste Green diesel" (green diesel) from the NGO which has no environmentally friendly than the name.

Appellation 'misleading'

This term "is misleading because this product is composed mainly of palm oil, whose company is poised to become the largest buyer of the planet," she says in a statement."The growing demand for palm oil always leads to more deforestation in Indonesia and Malaysia, endangering the last remaining sanctuaries of the Orang-utan."

The Finnish company says he was victim of a Greenpeace campaign which would be voting against it. "The result of the Public Eye Award We are not favorable," acknowledged Simo Honkanen, sustainable development manager at Neste Oil, before defending the company: "We only buy palm oil (…) whose origin is verified. Demonstrate its environmental commitment, Neste Oil said to have been ranked as the best performing sector in terms of its "environmental footprint" by the Forest Footprint Disclosure Project. Only problem: it is the only company that responded to the questionnaire.

Neste Oil is booming payday loans with no fax. She is currently increasing its production capacity in Rotterdam and Singapore.Its main supplier, IOI, will double its area of operation of oil palm in order to keep up with demand. World production is doubling every two years for 30 years. In the future, "compared to 2000, demand for palm oil will double by 2030 and triple by 2050," DB plans.

New customers are becoming interested in diesel-based palm oil, such as Lufthansa German Airlines and Finnair Finnish. The latter, according to the NGO, however, would have taken these distances with Neste Oil in recent weeks to avoid negative publicity.

Nestle pinned

Other industrial addicted to oil palm have been found in the crosshairs of environmental activists. For example, the agribusiness giant Nestle has been singled out by Greenpeace in 2010 for palm oil contained in some products."The production of this oil requires chemicals that poison water, land, wildlife, flora and people," insists DB.

Neste Oil is not the only company terminated at Davos this year by the NGO. A jury of experts awarded the Public Eye Award at the South African mining company AngloGold / Ashanti. The latter is responsible for "poisoning the land and inhabitants in the course of business of gold mining in Ghana", accuses DB. "Toxic Substances flow from mining waste sites, polluting rivers and drinking water sources on which entire villages," explains the NGO.

For many commentators, the eighth day of mobilization against pension reform scheduled for today, Saturday, akin to a "symbolic gesture". For the eighth time in two months, the unions called for a new day of event: 241 marches are planned in the area. But skepticism weighs on the scale of the movement, now that the law was passed by parliament. The first six days of mobilization, including two held on a Saturday, have collected each time millions of people, according to unions, and around one million, according to police. But last October 28, following the vote marked a sharp reflux, with a peak split in half – 560,000 according to police, nearly two million according to the CGT-stop background of strikes, particularly in refineries.

In addition, differences on the effect of movement seem to appear between the unions.The CFDT, pessimistic, appears to outline a crisis while the CGT promises to go through. The number one of the CFDT, Francois Chereque, ruled Friday that the mobilization could now be "back" Nicolas Sarkozy, left to temper the enthusiasm of protesters. "On the subject of pensions, we will now move away slowly," he said on Canal +. "If I say today" we will roll back the president, "I do not think anyone would believe me. We say this, he dreams, "he added."We talked a lot about pensions because the government has accelerated the reform because of the crisis, now we return to the elements of the crisis: massive unemployment, youth unemployment, older, working conditions, the hardship, these are topics that will express in the coming months, "he said pay day loans.

CGT: "A sequence that can not be that of renunciation"

The determination of the CGT remains rather intact. The organization will continue to mobilize, including whether the bargaining unit cracks, said its general secretary Bernard Thibault, Saturday, in L'Humanité. "Today represents a new high. There will be others. CGT will end up, "warned Bernard Thibault, who said" the movement is deeply installed in the country. " The secretary general of the CGT said that "laws are constantly subject to revision.""The social movement is entering a new sequence that can not be that of denial," he says, criticizing the fact that "some push for alternatives that are either, to give appointments to presidential elections, or to take for granted the rendezvous of 2013 set by the government to overhaul the pension system. "

The scope of the mobilization of Saturday will be scrutinized by the unions. It had reached agreement Thursday on a new "appointment" to mobilize between 22 and 26 November, the details of which will be set Monday. Government and unions have also staring at the Constitutional Council, by the PS, which must approve the reform by December 2.The President of the Republic may promulgate the law, which rejects 60 to 62 years the age of retirement and 65 to 67 years of age for a start at full rate, within 15 days of the downstream of Wise.

(With AFP)

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The most influential man of the world is today in France.Crowned with the title that has just awarded him the magazine Forbes, which placed it at the top of the world list, ahead of U.S. President Barack Obama, Hu will spend three days in Paris, where he is expected to sign a flurry of contracts and try to find common ground with the head of state, Nicolas Sarkozy.

The President of the People's Republic of China and should buy a hundred aircraft from Airbus, order two EPR reactors and a supply of uranium from Areva, and conclude a lasting cooperation between the ICC and Chinese energy group Total, build a coal gasification plant in China.

These trade agreements are expected to reach a total of several billion dollars, which "will be far more important than in previous visits of European leaders in Beijing, or China's leaders abroad," said the Elysee.Hu Jintao will then continue its journey to Portugal, where he could buy Treasury bills in the country, but the French stage is considered special. In China, the People Daily newspaper said in effect that "France was the first Western power to forge diplomatic relations with China and to establish agreements with Beijing military and nuclear cooperation."

This visit of the Chinese just a few days of the G20 summit in Seoul will also be an opportunity for the French head of state to try to persuade his counterpart to officially open the debate on the yuan.The Financial Times argues that Nicolas Sarkozy will also seek the support of Hu Jintao to promote a reduction in the volatility of commodity prices, and reform of global institutions.

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Just the third quarter results announced that Alcoa shares jumped nearly 4% in trade-off Exchange on Thursday evening.

The U.S. aluminum giant, always the first to join the dance résutlats quarterly publications of large U.S. companies, reported on Thursday evening, just after the closure of Wall Street, net income down 21 % to 61 million, against $ 77 million achieved over the same quarter of 2009. This corresponds to the expectations of the analytes.

Sales, also rose to 5.29 billion (+14.5%), while experts had expected a turnover of 4.95 billion. A beautiful performance that enabled the group to meet again its growth prospects of the global demand for aluminum from 12 to 13% Faxless payday loans.Hence the good reaction of stock investors.

"We have increased our liquidity, our balance sheet and enhanced our performance has been strengthening our activities in intermediate (transportation) and downstream (processing and distribution", says the boss Klaus Kleinfeld said in a statement.

To recap, in the second quarter, Alcoa emerged the head of the water by issuing a return to profits: the group had recorded a net profit of 136 million, against a loss of 454 million between June 2009 and lars. Sales, they, had already reached 5.2 billion dollars. At that time, Alcoa had already revised upwards its growth forecast for world demand, 10 to 12%.

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Click on the thumbnail to enlarge the graphic.

After rebounding in August (six points), the moral frameworks remained stable in September (-41). But this overall result conceals a very significant development for employment. The percentage of white collar saying that unemployment will increase in the coming months (55%) has indeed fallen by 8 percentage points from August and 19 points compared to May.

"For the first time since the bankruptcy of Lehman Brothers and the crisis erupted in September 2009 that a drop of this magnitude is recorded," said Francois Miquet-Marty, president of ViaVoice. Among 18-29 year olds, it's even optimism that prevails: only four in ten expect a rise in unemployment.

"These results are the translation is good news both macroeconomic and microeconomic said Francois Miquet-Marty.Second quarter growth was 0.7% and 24,000 jobs were created. In some areas the activity is directed upward business card. Finally, the intentions of business leaders on investment are less negative. "

Degradation of three indices

If the prospects for better employment, three other indices deteriorate. Thus, only 11% of managers (-5 points) think that the standard of living in France will improve, 15% (-2 points) that their personal financial situation will improve and 32% (-4 points) believe that their Employees are motivated. In contrast, 18% (+3 points) believe that opportunities to advance their careers in the coming months are "important." Asked about the action of the Minister of Economy Christine Lagarde, the frames are divided.One in three does not rule, one in four believes that this action "going in the right direction for the French economy" and 42% otherwise. Commented Chairman of ViaVoice: "It is not easy to measure flexibility Christine Lagarde in the definition of the economic policy of France."

In a time where the image of France is seriously scratched in international opinion, there are forums should not be overlooked, and the UN is part of them. By acting in a summit on Millennium Development Goals (MDGs), Monday in New York, Nicolas Sarkozy was even less to ignore the issue of Roma that he had forty minutes to speak with Angela Merkel of the controversy – described as "derisory" by the Elysee Palace – which was opposed last week on the dismantling of camps travelers. A few weeks before the French presidency of the G20, in mid-November, it became urgent to clean up the ground and draw priorities. The Head of State has applied to do so, calling for a general mobilization against poverty and extolling the exemplary efforts of France's development.

"While we are the second largest contributor to the Global Fund to fight against AIDS, malaria and tuberculosis, we decided to increase our contribution of 20% over the next three years," said Chief state. In eradicating major epidemics, one of eight goals that the UN has set the annual budget of France will rise from 300 to 360 million euros per year over three years. The subject was also raised during the discussion with Angela Merkel, attended by Carla Bruni-Sarkozy, Ambassador of the Global Fund, but also Louis, the youngest son of the president. The French first lady was invited to Berlin by the Chancellor.Germany should also control certain files during the French presidency of the G20, said on Monday indicated at the Elysee, without further specification.

"If all the contributing states followed our example, a breakthrough would be achieved to eliminate malaria annually kills one million children in Africa," he said. Similarly, if France was followed by the number of AIDS patients supported by the Global Fund would increase from 2.5 to 4 million, says the head of state.

Accompanied by his wife, Nicolas Sarkozy met with Angela Merkel. Photo credits: AFP