Press reviewweek 47

Business & Economy

Team Cypress 26 November 2009

Sports

Les Echos, 20/11/2009:»French Football Qualification is good News for the

Economy«  • Travel organizations prepare packages• Sales opportunity for HD-TV

La Tribune, 20/11/2009:»Partners of Les Bleus breathe again« 

 • TF1 bought rights for 120M€• Adidas spends 10 M€ p.a.• FFF needs arguments for higher prices

Automotive

La Tribune, 17/11/2009:»GM starts to repay its debts to the state« 

 • $1.2B in december to the US and Canada• 70% of debts abated

but: • turnover decreased by 26% in 3rd quarter

Le Figaro, 17/11/2009:»GM will repay its public debts« 

 • still $17B of debts • GM plans return to St. Ex. in 2010• plans for Opel exposed in december

Payment

 La Tribune, 17/11/2009:»Payment via mobile phone in France«

• Experimental state in France • Use : small purchases• Advantages : 

• new functionality• facilitate the flow  while checking out in supermarket

• Principle : division between telco and bank • Banks slow down the process• French companies at the cutting edge of technology

Payment

 La Tribune, 17/11/2009:»Visa card without bank account« 

 • Successful in the US (8.7billions $ in 2008)• Start  in France (Auchan, Leclerc)• Target: immigrants, Families with children, • Principle: red and black card

Railway

Les Echos, 19/11/2009:»One all, store is even« 

 • Bombardier  (8 billions € contract)• somes weeks after Alstom 

Les Echos, 23/11/2009:»Deutsche Bahn  lays a complaint against Fret SNCF with

the Competition Authority«  •  Rates offered by SNCF would be below its cost price

 

Energy

Les Echos, 19/11/2009: »Toshiba is the one that promotes better synergies« 

  • Interview : Hideo Kitamura Vice-Président ofToshiba

Le Figaro, 24/11/2009:»Third game for Areva T&D«

  • Monday "great oral" to 3 candidates: General Electric, Toshiba, Alstom and

Schneider Electric

Les Echos, 24/11/2009:»Areva T & D transfer's issue«

 • Development perspective: CEO of Alstom, CEO of Schneider Electric

Market « La seule monnaie indiscutable est l’étalon or » 

1965 Général de Gaulle

La Tribune, 20/11/2009:»Outbreak of gold, jewelers misfortune«

  • Rising procurement costs and falling sales

Les Echos, 23/11/2009:»The price of silver rose faster than gold«

 • Demand more diversified

Les Echos, 20-21/11/2009:»Demand for gold has plummeted in 3rd quarter«

Aeronautics-aircrafts manufacturersLe Figaro, 16/11/2009

„Twelve A350 XWB for Ethiopia“

• 11th Edition of the Dubaï meeting• 70% of Airbus market share in the Persian Gulf ; • 12 A350 XWB for Ethiopia: Middle East≈40% of sells• Boing keep it secret

Le Monde, 20/11/2009„The next Two years will be difficult for aircrafts manufacturers“

• End of global Traffic decrease: Strong revival in China & Brasil• 19/11/09: closing with 3.5B€ of commands for Airbus; 33 planes • Middle East Prone to Hi-Tech aeronautical industry• Possible slow down of demands for the 2nd Half of 2010

Aeronautics-Companies

Le Monde, 20/11/2009„Air France KLM keeps on suffering“

•Financial losses: 543 M€ for the 1st half of 2009 (1st sem 2008:+176M€)•Economic plan with various mesures: job cuts, limited capacity & investments, reduction of tickets price;

Le Figaro, 16/11/2009„Air France KLM limits its losses“

• Match the offer: creation of « premium voyageur & premium éco in april• Low profit during the second half 2009: 179M€ (without oil contingency)• Decrease of turn over of 19.6%5.6B€ (due to prices and traffic decrease)

Le Figaro, 23/11/2009„Sky Team makes a 2nd Bid on JAL“

•Critical Financial situation / 60% of Home slots •Delta Airlines ready to rise the bid of 670M€ vs American Airlines in Oneworld=>avoid an open sky agreement between AA&JAL•Forecast for the plan: 500M€ of investments•Japonese governement reluctant to give it to foreign company

Aeronautics-Companies

Food Industry-Cadbury (Birmingham)

Confirmation of a Public Offer of acquisition from Kraft (U.S.A): $16.3B

Nestlé might counter attack (Switzterland):

Defensiv strategy10/11/09

19/11/09

23/11/09

Source: Les Echos, Le monde, Int.Herald Tribune

• Refusal of The British company

• Cadbury is valued at $18B

=> Insulting

• Turn over Hershey:$5.1B• Turn over ferrero:$9.3B=>Very low under Kraft:$42B

Lonesom cowboy Ferrero offers $17B (to follow…)

Thank you for your attention.Questions?