In his defense, the government ensures that the global event will benefit the local economy. 1500 enterprises had shared a jackpot of € 9 billion of contracts. But experts estimate that less than 1% of GDP growth of the net gain generated by the Olympics for several years.

The major amounts invested for the event.

• Transport: € 7.8 billion

For seven years, considerable effort has been devoted to the modernization of the London transport network, to host 3 million visitors in addition to the 12 million daily riders. New stations were built around Stratford, the Olympic site in east London. A special express train, the Javelin, will link the park to the station King's Cross St. Pancras. But the risk of flooding remains a nightmare for the organizers and authorities in London.

+ Organization: € 2.4 billion

The organization of the fifteen-day competition is funded by private funds from revenue from TV rights, sponsorships, merchandising and ticketing (485 million euros). Some sponsors are involved in providing benefits in kind (eg telecom).

+ Olympic Stadium: 1.2 billion euros

The enclosure of 80,000 seats is the centerpiece of a series of new equipment final, including a swimming pool, a handball court, a velodrome that will find and use a permanent occupants after the Olympics. Each was built by an architect and a different promoter. Other facilities such as the basketball stadium, will be dismantled at the end of competitions.

+ Olympic Village: 675 million

The site of the London 2012 Olympic Village was sold for 634 million euros in a joint venture with Qatari Diar personal business card. The village, which adjoins the Olympic Stadium, includes 2,800 new homes. And the contract includes the creation of 2,000 additional.

Security +: € 670 million

This is one of the positions responsible for soaring overall costs. The organizing committee found itself under fire for underestimating security needs. A first estimate "wet finger" of 10,000 agents has been revised upwards to 23,700, doubling the budget to fund these private security guards. A contract with G4S company specializing in 104 million was renegotiated to 344 million. Not to mention the tens of thousands of forces of public order.

+ Ceremonies: 98 million

Entrusted to Danny Boyle, director of Trainspotting and Slumdog Millionaire movie, the opening ceremony of July 27 should show the "best of Britain". Thousands of extras are being recruited. To succeed in this show of force after that which remained in the memories of Beijing, Prime Minister David Cameron has agreed to double the budget for opening and closing.

= Public budget: 13 billion euros

The note of the Olympics for taxpayers English has continued to fly from the original figure of 3 billion when London won the competition in 2005. The organizing committee is now working on a budget of 11 billion, but a parliamentary report estimated that the bill may reach 13 billion instead. 29 billion and even if we take into account indirect costs for utilities, including the police and military presence.

There are good and bad elements of the negotiations, said at the outset of Pontavice Christopher, CEO of the branch network online Efficity. Choosing a home located in ground floor or first floor allows to get a significant discount. "" But you must understand that the gain in price is paid or surface by lower liquidity, as well will be harder to sell, says Christophe's Pontavice. It is a risk for the buyer to assume. "Similarly," if you opt for a non-market good, like a big family apartment of 150 sqm in the district of Barbes, you will have a big room for discussion of prices. But be betting that the property may in future find buyers. In this example, the bet seems risky. "He said the best deals are on the side of homes needing a little repair: the rebate is often greater than the amount of work. He remembers well a nice apartment, boulevard de Courcelles, who had suffered a small fire just before the sale and could not find a buyer. A bold buyer probably could make a nice opération.Enfin, novel approaches are often found to pay. Efficity has sold a building of 500 m² with a small group of five buyers. After cutting the property, they will realize a five condominium apartments of 90 m² for a final price of the most compétitifs.L facilitator of M6 and realtor Stephen Plaza, also advises to focus on the atypical properties. "Those who are on the lookout for a" blow "can capitalize on real estate assets that do not seem very functional, the souplex (apartments on the ground floor + basement) or products where you have to create a new distribution, he says. There are more offers available currently and the buyer is in good shape. "

Keep a cool head and avoid favorites

Be careful though to ensure that all planned developments are possible within the condominium. "In this kind of case, avoid the favorites to keep all his bargaining power and be prepared to see the good escape," says Stéphane Plaza.Et since deals are in the wrong market, the facilitator also suggests building on the election period, traditionally hollow to buy. Vendors will rush to be more flexible in the face of motivated buyers. Finally, those with large budgets will also have more leeway. "For large areas beyond 120 m, the demand is much lower and the bargaining power even stronger."

Notary, financial, to each his approach

In a more purely financial, Benjamin Nicaise, president of the platform Cerenicimo estate, believes that the current best deals are found on the side of residences. "This product is not in vogue when the market was well structured in recent years, he says. Result: the square meter is not selling very expensive and I have an example of a new residence in La Baule which sells substantially cheaper than the next building which dates back 80 years. "The notary Pierre Bazaille, President of the Institute for Notarial real estate, said, meanwhile, some common sense advice. "In the nine, if one arrives at the tail of a program on achieving a good position, the sponsor will be ready to make an effort, especially for a buyer without the condition precedent of loan. Obviously, these are not the best apartments that remain, but for an investment, it's worth the effort generally. "From experience, the lawyer knows that sellers with substantial inheritance to pay are also willing to make a substantial discount to buyers paying cash. Finally, in the category of goods with defect, both rely on a thermal wreck, according to Mr. Bazaille. Indeed, homes with energy label is F or G are trading down more easily and we can then improve the situation by work while recovering a portion of the investment through the tax credit.

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The space devoted to luxury brands, to leather goods, watches and jewelry and shoes, already expanded several years ago, will be further expanded. As the ground floor, first floor will be devoted to accessories. The "shop in shop 'Vuitton, Cartier and Chanel spend even on two floors, each with a private staircase. Rays ready-to-wear, over five levels will be, themselves, brought three floors, the ray discs just closed, and placeholders to cosmetics and toys will be reduced. "However, we will dedicate the entire fifth floor apparel child," says Michel Roulleau, executive vice president of Galeries Lafayette.

Accommodate more tourists

Even men approach the store (customers expected to grow), whose ground floor will also be devoted to luxury. "We are also studying a possible transfer project space at Lafayette Gourmet store house, where we consider a new concept," says Paul Delaoutre, the Director General. The space freed up could be turned into shoe department.

"Most of our revenue is realized by the clothes, insists Paul Delaoutre. Our sales are increasing, while the market goes down. Last year, we became the leading seller of clothing in value, in France, in front of Carrefour. "

However, most of the chain growth comes from the upmarket tourists. Operators completed last year 60% of store sales of Haussmann. Ongoing work will double the surface to receive tourists, with no less than three dedicated areas: one Japanese and Americans in the basement, another to the Chinese on the ground floor, and the last to others, especially the Brazilians, called to become a growth driver.

"Improving the profitability of the brand allows us to increase our 50% annual allocation of investment," said Paul Delaoutre. The latter has earmarked 800 million euros by 2017. The bulk will be devoted to work in 58 provinces of Galeries Lafayette (whose sales increased by 2% annually on average since 2006). "The concept of Haussmann is declinable everywhere in varying degrees, says Michel Roulleau. Prada, Gucci, Balenciaga and Saint Laurent will arrive in Strasbourg. The objective is to deploy anywhere Zadig & Voltaire, Kooples and Sandro, already present in thirty of our stores. "

Not enough to reassure employees. Geodis, one buyer competing Sernam, does not seem hostile to the event of liquidation of the carrier into bankruptcy. In an interview with Journal du Dimanche (JDD), CEO of Geodis seems to slow down the four irons to the assumption of a recovery.

So he must know Tuesday whether to uphold or cancel its offer, it considers, in the JDD, the financial position of Sernam concern. It is "the worst expected. Some customers have gone to competition, contractors are concerned, important collaborators have left the company … The ministries concerned have known this for a year, "says Pierre Blayau the JDD.  

The CEO of the subsidiary of SNCF freight maintains he has always matched its takeover offer on two conditions: neither nor Geodis Sernam should only be considered by Brussels as the person paying the € 642 million illegal aid paid to Sernam by the station when it was privatized. Wednesday, Brussels has actually leaned in this direction, at the request of French authorities.

The second condition relates to the viability of Sernam. "Everyone seems to have forgotten. But today, we have no guarantee that this condition is met, "says Pierre Blayau. Earlier in the week, he lamented that "half of the turnover of Sernam has evaporated in recent weeks." The carrier's management denies.

Do not "dramatize" the liquidation

The CEO of Geodis had already held this speech to the unions, now pessimistic. "It made us realize that it will not be able to maintain its offer," said Alain told AFP Wednesday Delpuech CGT Sernam, emerging from a meeting with the boss of Geodis. FO Transport, meanwhile, also anticipating an into liquidation by the Sernam commercial court of Nanterre Tuesday.

Assumption that Pierre Blayau seeks, in the JDD, to dramatize. In the event of liquidation, the SNCF and Geodis will be in his able to reclassify one thousand employees employed on Sernam 1441, while the partial takeover offer for Geodis provides for the continuation of that about 800 jobs.

A round table organized at the end of March by the Ministry of Transport also sought to identify sector companies likely to make other offers of reassignment. "So do not dramatize this scenario," said Pierre Blayau. The unions, meanwhile, are not of that opinion. "What will the retail positions, what are the conditions of employment, which will be taken?" Worries Alain Delpuech. All have in mind the example of SeaFrance.

From our correspondent in Rome

With a key concession, Mario Monti has torn their agreement to the political forces for reform of labor law that has as its capital for renewed growth.

"The bill I will introduce to Parliament represents a historic opportunity to create jobs, improve the labor market in quality and quantity and reduce unemployment permanently," he said at a news conference Wednesday night . Beside him, the Minister of Labour, Elsa Fornero, extensively detailed a complex reform which should significantly reduce the uncertainty and guarantee coverage to millions of young people without permanent jobs.

To overcome the ongoing wrangle by the confederation CGIL working, the most powerful and most left unions and the Democratic Party who had followed suit, the government had to make some concessions. These concern the right of dismissal, framed by Article 18 of the Labour Code, considered an intangible acquired by the unions. Elsa Fornero recognizes that Article 18 is "a great conquest of labor law, but must adapt to a world profoundly changed" since its adoption in 1970.

Arbitration courts

In cases of collective redundancy, compensation of twelve to twenty months is expected. If it is a disciplinary dismissal, no reinstatement is possible pay day advance. However, if it is an individual disciplinary dismissal without "just cause" (or "unfounded", said Mario Monti), it is for the judge to decide whether to order reinstatement or award of compensation. In the previous version, any notion of reintegration was excluded.

Pier Luigi Bersani, the leader of the Democratic Party – left – has defined the amendment "a very important step forward." The leader of the main leftist party feels relieved not to have to hire a showdown with the government it supports Monti since his inauguration last November. Mario Monti would like to see adopted its reform as soon as possible, by the summer. It does not exclude liability to ensure that this reform is distorted by the amendments.

The government wants to give a signal quickly to reassure the markets, while the borrowing rate differential with Germany is ironed on Thursday at 358 basis points, the highest in a month. After the pension reform in December and January of liberalization, reform of the labor market is the third stage of the crisis of Italy.

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One million dollars per day, or 750,000 euros. Such is the cost of operations by Total to plug the leak on board its platform Elgin, North Sea, said Monday its chief financial officer Patrick de la Chevardière. Added to this bill a loss of $ 1.5 million each day (1.12 million) which corresponds to the cessation of production from fields adjoining the Elgin and Franklin, for a total cost estimated to about 1.9 million euros. These two deposits, located 240 kilometers off the coast of Aberdeen in Scotland, representing 2% of the total hydrocarbon production.

The company was still awaiting the green light Monday from the British authorities to dispatch technicians on the platform, removed a week earlier. Total will begin simultaneously on the one hand, to "kill" the leaking wells at the platform, out of the water, and, secondly, to drill two relief wells instant payday loan lenders. If the first operation, "relatively easy", according to Patrick Chevardière, successful, drilling (at least 100 million euros and six months of work) will be useless.

According to Total, gas, mainly methane, disperses quickly in the air. Only 7m3 of condensate (light oil such as gasoline) are currently prevalent in sea Greenpeace, arrived on Monday with a vessel area, intend to verify these statements.

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Times are tough for Philips. Former world number one on many markets consumer electronics, the Dutch group continues to see its market share decline. Including the segment of headphones, one of the most promising areas of the moment. In two years, sales of helmets rose 30% in France. Philips has lost eight points of market share. In 2012, 10 million headsets, for a total of 330 million euros, should be sold in the Hexagon, according to GfK.

The reverse is even more difficult to accept for the group Philips has negotiated very well the transition from stereo to the Dock. The Netherlands has 18% market share in France and his throne at the top spot in Europe. A turn much less negotiated in helmets. "New entrants have redefined the market. They even reinvented, "says Olivier Ginet, CEO of Philips Lifestyle France. For Philips, the challenge is daunting. The brand is certainly recognized in the field of audio, but not by the young crowd, follower of headphones. The trend marks are called Beats by Dr. Dre (acquired by HTC), Wesc, Sennheiser … And they have driven prices up. This is another feature of this market in one year, prices rose on average by 18% in 2011.

Target young

To adapt to this new deal, Philips has decided to launch a new brand, Fidelio, dedicated to high-end, with selling prices between 199 and 280 euros fast payday loan. In the heart of range, the group leverages its alliance with the sports brand O'Neill to rejuvenate its image. Partnerships with leading figures in music or sports are also considered. Philips, however, recognized the sound quality offered by its products, decreased the size of its logo on his headphones.

"We will work to rejuvenate the brand by focusing our efforts on communication," says Olivier Ginet. A point that its competitors have mastered perfectly. Dr. Dre and is the favorite brand of football players. Philips has tried to reciprocate by equipping players XV of France during the last Rugby World Cup. But that did not have the same impact.

The Dutch must now prevail in the headphones, or risk seeing its brand is devalued, particularly in the smartphone docking stations.

Now Philips has developed the "Appssesories", that is to say, accessories for smart phones with a dedicated application. It may as well be a video camera associated with an application to monitor his house (or children) at a distance, or a scale to monitor his weight curve. Just like that already offers the French Withings. Pending applications for headphones.

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Aéroports de Paris (ADP) has to climb several steps in the global ranking of the largest dealers of airports.

The French group has indeed won the tender to acquire 38% stake in TAV Airports Holding and 49% of TAV Construction. Amount of the transaction conducted with three major Turkish private shareholders: $ 923 million (704 million). With this transaction, ADP adds ten new airports (and 53 million passengers) to its portfolio, which already had thirty through numerous participations in Europe, Asia, North Africa, the Middle East ….. …… Profitable since 2013

This is his biggest financial transaction since the cross-shareholding agreement with Schiphol Airport in Amsterdam in 2008. Entirely financed by credit lines and cash, acquisition, ADP promises, will be profitable in 2013.

Despite the difficult relations between Turkey and France – very tense on the Armenian genocide issue – ADP was shortlisted in final phase of the competition against another group tricolor Vinci. However, the performance of Turkish airports whet the appetites of what: a further 18% growth per year in passenger numbers, the margin generated by the Turkish operator has continued to grow: "In 2006, gross operating TAV was 29 million euros. Today, for a turnover of 880 million euros, it was 257 million euros, up 55% per year, "exclaims Peter Graff, CEO of Aéroports de Paris. The Istanbul Ataturk Airport is the "room of choice" for ten Turkish airport platforms: it attracts 37 payday advance.5 million passengers per year. Those of Ankara and Izmir contribute only 8.5 million a year each. But all offer potential for growth. "These are good quality assets and management of the business is also good. The current is passed between us, "said Pierre Graff.

Sources of growth

In late February, when the annual results, the CEO of ADP had reminded the international strategy of his group, which the state still owns 52.1% stake. "We recently redébattu in the company of our international strategy. What do we want? To create additional reserves in the medium and long term. What targets do we want? Airports within the OECD or among the BRIC – Brazil, Russia, India and China. " Since, these wishes were partly fulfilled: a week ago, ADP won the concession of the Zagreb Airport in Croatia. But he also lost two bids in Brazil.  

In 2011, the turnover of ADP increased by only 0.9%. ADP has balanced its business through diversification of its businesses outside of aerospace activities: real estate, international trade … The will allow it to deploy this expertise, where airports can expand further.

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Gerard Couturier, Chairman of the Supervisory Board of SNCM, playing double or quits. He has written to Paul Giacobbi, the President of the Corsican regional authorities, to propose to take control of the company for a symbolic euro and thus facilitate the creation of the Regional demanded by the aedile. SNCM is destabilized both by the programmed withdrawal of its main shareholder Veolia, the early termination of public service delegation (PSD) Maritime Corse, the sharp decrease in service looming in the next tender and unbridled competition. The proposed Gérard Couturier was immediately described as "grotesque, ridiculous and indecent" by Marie-Paul Bartoli, Chairman of the Transportation Agency of Corsica, the armed wing of the community in transport.

Veolia ready to throw in the towel

Since moving to the private sector in 2006, SNCM has almost always been in the red. She was accused of operating losses of 15 million euros last year. Gérard Couturier recalls in his letter the "suspected predation" Veolia accused in connection with the privatization, while in contrast SNCM remains "fragile" and a drip of its main shareholder. The prospect of a reduction of the DSP would result in the release of two fleet of 8 boats for SNCM which would have to lay off 800 people in 2000, warned Marc Dufour, chief executive.

In this context, Veolia launched a plan to dispose of assets, seems ready to throw in the towel. Once the direction of the company asks its employees to adapt, it faces a restive CGT changes, as in the last conflict that lasted three weeks.

Wednesday morning, the parliamentary report on the financial condition and prospects of EDF and Areva will be formalized. This document, which is over 200 pages, was written jointly by members Marc Goua (CBC, Maine-et-Loire) and Camille de Rocca Serra (UMP, South Corsica). It follows a request in June 2011, the President of the Finance Committee, Jerome Cahuzac.

This report is eagerly awaited on case management UraMin: it is the acquisition of the mining company Areva, in July 2007 for 1.8 billion euros, which justified an impairment of 1.4 billion euros in the 2011 accounts of the nuclear group.

The company has overestimated the potential of its target

In the wake of the findings of Internal Audit Committee unveiled in mid-February, the parliamentary report makes no mention of fraud. However, it points to a number of deficiencies: if the search for diversification of Areva in mines is not questioned, the company has overestimated the potential of its target.

Meanwhile, MEPs consider that the Agency of State Holdings (EPA) has not been surrounded by experts to accurately measure the accuracy of this operation.

Areva, the new team in place – Luke Oursel Lauvergeon replaced as president of the Executive Board – considers that the page is turned and now wants to devote himself entirely to the company's recovery.

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