It's great oral reentry. Denis Hennequin, the controls of Accor since the ouster of Gilles Pelisson in January, will unveil early next week its strategy to revitalize the hotel group. It will present its first new priorities for employees at headquarters Monday and Tuesday to investors and financial analysts.

His method and revenues to improve the performance of Accor are particularly expected that the share price has lost more than 30% since the beginning of the year, in a very difficult indeed. "We should have a clearer view on marketing initiatives, brand repositioning and expansion plans, hoping Exane analysts in a note published this week.Their impact will probably do not feel immediately, but a better brand strategy could lead to a better average income in both years, as if Holiday Inn has reopened. "

Accor should provide a detailed annual forecast for the year. In a context of great tension on the purchasing power, investors also hope that the group will provide guidance on trends for next year.

But the most anticipated the evolution of the brand portfolio, a question that Denis Hennequin, who spent his career at McDonald's, has always considered a priority. Reportedly, the CEO of Accor is expected to announce its intention to make Ibis spearhead the group's development in economy hotels. Ibis brand is already the highest contributor to the results of Accor.Denis Hennequin wants to further exploit its strengths in the imposing new on land now occupied by All Seasons and Etap Hotel. Ibis would be broken down into three "versions": Ibis, corresponding to the current Ibis, standard hotels, all in the same vein Ibis Styles, corresponding to the current All Seasons hotels, which would then be renamed; Ibis Budget, instead the current Etap Hotel. New logos would be launched with a pillow and different colors according to the formulas (red, green or blue). lnterrogée yesterday, the management of Accor declined to comment.

In the 2010 annual report of the group, Denis Hennequin felt the need to strengthen the brands so that they emit more personality. "They will be more aggressive in their communication, in their boldest and most innovative design in their service offerings," he writes.He continued: "Our priority is to strengthen their DNA. Ibis is a good example. It is not only the first contributor to the results of Accor, but also a nugget: in a market dominated by the economic basis of price, it has more soul and warmth that all clients recognize him. This is all the difference. "In late January, Ibis opened its 900th hotel in the world, in Tangier in Morocco.

"The Big Mac of Accor"

Launched in 1974 in Bordeaux, the chain now operates in fifty countries. It has opened 44 schools last year and provides 10,000 new rooms per year by 2015.In addition to providing accommodation at an affordable price, it offers the opportunity to purchase snacks and drinks 24 hours 24, a breakfast from 4:00 am to noon and to use an Internet space.

In late February, presenting the results of the exercise, Denis Hennequin was ruled IBIS takes to become a world reference. "Ibis is a bit of the Big Mac Accor, a jewel in a market economy. This is a brand that works everywhere, "he was delighted, much more critical of other brands. After the Big Mac index, he said he would see an "Index Ibis" to the extent of the global economy hotels. Walking is engaged …

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The deposit Aldous Major South discovered early August in the North Sea is higher than expected. It could be one of the ten largest ever found in the waters of the Scandinavian country said on Tuesday the Norwegian oil company Statoil. August 8, the group had evaluated the capabilities of this new pool of 200 to 400 million barrels of oil equivalent (boe). Today, the giant of black gold confirms Aldous Major South "communicates" with the deposit Avaldsnes. Together they form a reservoir could contain between 500 million and 1.2 billion barrels of extractable oil equivalent. "Norway has not made a similar discovery of oil since the mid-1980s," says Tim Dodson, a senior official with Statoil.Further drilling will now be held to determine whether Aldous / Avaldsnes also communicates with the reservoir Aldous Major North.

This is great news for the Norwegian continental shelf. As a result of declining reserves and the absence of findings sufficient to replace the volumes extracted, the Scandinavian country's oil production has been declining since the peak in 2001 cash advance to savings account. It is now significantly lower than 2 million barrels per day (bpd), against 3 million a decade ago.

But the oil industry is the backbone of the Norwegian economy. The oil is a state monopoly, managed on a sustainable development perspective.

Boost production

In 2006, according to the Norwegian Ministry of Petroleum and Energy, the oil sector accounted for 26% of the value added of the country.The same year, Norway ranked fifth in the world ranking of Petroleum Exporting Countries and the tenth in that of oil-producing countries. This discovery is very good news for Norway, but also for farmers who had to manage the decrease in production.

The deposit Aldous Major South is owned 40% by Statoil, which shares ownership with the state-owned Norwegian Petoro (30%), another Norwegian Det norske oljeselskap (20%), and Swedish Lundin (10% ). The information was applauded by investors: Det norske oljeselskap action jumped from 21% to the opening of the Oslo Stock Exchange and that of Statoil 1.9%, while Lundin clinching 6.5 % in Stockholm.

It is not far from the "loss of face." The misfortunes of the new high speed train from Beijing to Shanghai are doing good laugh from all over China, while the press is unleashed and the authorities are trying to limit the damage. It must be said that it was promoted as a symbol of the Chinese railway resounding success, ready to go to conquer the world. But the beginnings are disastrous.

Last week, the train fell down several times. Internet forums and newspapers are full of stories telling outraged passengers have found in open country, stranded in trains closed and sweating profusely in the searing heat of summer. The Ministry of Railways had promised Friday that these problems would be "resolved" expeditiously. His spokesman, Wang Yongping, presented "excuses".And recognized that the line had seen "dozens of power outages" and a host of other "problems". The summer storms are largely responsible.

This iconic TGV line was opened with great fanfare on June 30, very proudly with "a year ahead" and, just as symbolically, the day before the 90th anniversary of the Communist Party. It was presented as the flagship of the newly high-tech controlled by China, and one of his arms out to conquer the world. Premier Wen Jiabao, said the line "operational" in Beijing before boarding for the first trip to the South. This train will link the two major Chinese cities 1300 km apart in less than five hours. The construction of the line has cost 23 billion euros.In March, the audit office of the state showed that 187 million yuan (20 million) had been diverted from the site by individuals or companies.

Massive rail projects

Chinese railway projects are enormous. In 2009, it was announced that 42 high-speed lines were planned for 2012, for an investment of 210 billion euros. China has the network of its kind in the world's largest, with more than 8000 km of track, and she wants to extend it to 25,000 kilometers by 2015 and 50,000 km in 2020. This year, like last year, Beijing is expected to invest 70 billion euros. Since the end of 2009, the "fastest train in the world" flows 350 km / h between Guangzhou and Wuhan. And last December, China announced proudly beating the world speed record with an oar unchanged at 486.1 km / h.But many voices cast doubt on the economic viability of some lines, less strategic than between Beijing and Shanghai. In February, the authorities decided to reduce the speed of TGV Chinese, for purposes of economy and to improve their safety. And the dramatic dismissal for corruption of the Minister of Railways Liu Zhijun, also in February, has revived speculation about a slowdown in rail projects.

Meanwhile, it is the airlines are rubbing their hands. They were sentenced say – almost – on the route from Beijing to Shanghai. The price of a one-way train range from 410 yuan (44 euros) and 1,750 yuan (190 euros), according to three classes, against about 1,300 yuan (140 euros) for a plane ticket in economy class.The airlines had already begun to lower their prices, with discounts up to 65% in response to the competition ground. They should slow down the movement …

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Not easy for a luxury hotel to establish itself in Paris. While the Mandarin Oriental opens its doors Tuesday, the Royal Monceau (Raffles Paris) and the Shangri-La, opened in October and in December, are still far from displaying the performance of established luxury hotels in the capital, such as the Plaza Athénée or Bristol. Nothing particularly surprising. "A hotel needs two or three years to register as a sustained market, says Gabriel Matar, France Director at Jones Lang LaSalle Hotels. They fail in a market empty of competitors. "

Le Royal Monceau and the Shangri-La certainly contribute to stimulate demand, which is expected to grow 6 to 7% this year. "But they are taking market share than the least well positioned hotels, says Gabriel Matar. The leaders of high-end such as Bristol, the Plaza Athénée and the George V, were not affected.Their occupancy rate improved even since January, and exceeds 75%. "François Delahaye, boss of Dorchester (Meurice and Plaza Athénée), agrees:" It was never as well. We take the same market share. Those losing ground are those who have not invested. "

Le Royal Monceau and the Shangri-La readily admit they have not yet reached their cruising speed. Le Royal Monceau has not yet opened 35 rooms set on 149. Spa and pool will be operational in July. The Shangri-La for its part, announced the inauguration of a new Chinese restaurant on September 8, the third table, but its spa and swimming pool will not be ready until early 2012.

Change of direction at the Royal Monceau

"The results of the first six months of opening is very positive," says Alain Borgers, general manager of Shangri-La. The hotel has attracted its share of celebrities faxless pay day loans.Isabelle Adjani and Jean Reno are down. A son of King Fahd came to the family, occupying much of the hotel for two weeks. "As we expected, we are in the top 3 most expensive hotels in Paris, with an average price above 900 euros, welcomes Alain Borgers. We earn ten points each month occupancy. " This rate should be around 75% in June, with the aim of achieving an average of 80% over the next twelve months. "With the Paris Air Show, we will post full last week, says Alain Borgers. The Imperial Suite, which costs 18,000 euros a night, is busy throughout the month of July. " The Shangri-La, the first hotel chain in Europe who are 72 Asian in the world, located in a building registered in the Buildings of France, was first attracted the French, the Parisians especially at first.They represented up to 40% of hotel guests the first week. "Asians represent 12% of our customers, says Alain Borgers. This rate could rise to 20%. "

At the Royal Monceau, too, the French were the first to discover the hotel. They still represent about 30% of the customers, to the Americans and customers in the Middle East. But the situation is more tense. The Director General, Sylvain Ercoli, just left his post. His replacement is imminent, but it has not yet been announced. "The first two months were difficult. But we have a three-year plan, said Diana Banks, Vice President Sales and Marketing at Raffles.We always aim an occupancy rate of 50% by the end of the year, with prices that start at 780 euros a night. "

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Offensive. Nicolas Sarkozy did not mince words Monday in his opening address to the Air Show, which opened at Le Bourget. The Head of State urged the French industry to "meet the challenge of globalization" and to cooperate more. "We will encourage groups that strengthen our industrial champions," he said.

"The Franco-French squabbles must end in a good mood and on a voluntary basis, and if it was not the case, it would be always in good spirits but on the basis of instructions. The competition is too fierce, the stakes are too urgent. We must decide and decide now to make choices, "he said. The State may operate the levers being both client and principal shareholder of almost all defense companies: Saffron (30.2%), Thales (27%) and EADS (15%).The government press Safran and Thales to reach agreement on an asset swap. The first showing of the second avionics which, in turn, would become No. 2 worldwide in optronics. Similarly, for drones (pilotless aircraft), the State promotes cooperation. "France needs of global players. It is indisputable for Airbus civil aircraft, Eurocopter helicopters, engines, Safran and Thales in radar, but in defense of Europe pays core rivalry between the Rafale and the Eurofighter. Do not repeat this in the unmanned aircraft. Avoid the Europeans are divided, "said Gerard Longuet on his side. Decided to implement the Franco-British signed in late 2010, the defense minister is expected to announce shortly the creation of a Franco-British combination of branches in Armaments (DGA) on both sides of the Channel.

Two projects of drones

In this context, "Dassault Aviation and EADS have to talk a little more," said Gerard Longuet. Two projects are vying to give the kickoff to the creation of a European industry for so-called drones Male (medium altitude long endurance) by the year 2016-2018: the Telemos, which is the result of an agreement exclusive cooperation between BAE Systems prime contractor for the project, and French Dassault Aviation, systems manager, and the Talarion EADS.

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The mood remains gloomy in the Paris Stock Exchange on Thursday. In the wake of a meeting which saw the CAC 40abandonner 1.49%, morale remains low. At midterm, the Paris index lost another 1.32% to 3756.41 points. With this new decline, the CAC 40 is now in a loss of 1.27% since the beginning of the year.

The LSE has also opened lower, the FTSE-100 index lost 0.86% at 7053.75 points. The Dax in Frankfurt following the movement with a decline of 1.74% to 5673 points.

This bad mood, which led to Wall Street and Asian markets this morning in the dark wheel is mainly due to Greece. Indeed, the financial and political situation of the country bogged down. The extraordinary meeting of finance ministers ended in failure Thursday, Europeans who are unable to agree on the role of private creditors in the new relief measures.Meanwhile, violent demonstrations took place before the parliament of the country, forcing the Prime Minister George Papandreou has announced a reshuffle of his government to be held this Thursday, when he called for a vote of confidence in parliament.

Concern has also been strengthened by the publication in the U.S., macroeconomic statistics disappointing. The U.S. recovery has yet shown signs of weakness yesterday, especially in the industry.

Program loaded overseas

This Thursday, in addition to Greece, the eyes are again turned to the United States.The schedule of publications of indicators is still in effect with the American program: the current account of the first quarter, weekly jobless claims, housing starts for new homes and the index of manufacturing activity in the Philadelphia area.

In the euro area, consumer prices rose 2.7% yoy, from 2.8% in April, according to Eurostat's second estimate similar to the first made in late May.

On the currency side, the Greek situation causes the euro down. 11:15 to Paris, the single European currency was worth 1.4118 dollars against 1.4182 dollars late Wednesday, after falling to 1.4090 dollars in the morning, the lowest since three weeks. Meanwhile, oil prices rebounded due to bargain hunting.A barrel of light sweet crude for July delivery gained 48 cents to 95.29 dollars while that of Brent North Sea crude for delivery same progressed from 99 cents to 114 dollars. Investors buy oil after the sharp decline yesterday, which saw prices go below $ 95 a barrel. "We have a return to an area of ​​support that goes back to January 2011. This is especially a key level to advance to the purchase, "said Djillali Hacid, technical analyst at XTB.

Values ​​to follow

Banking

French banking stocks were again attacked on Thursday. They are among the largest declines the CAC 40. Societe Generale lost 3.28% to 37.50 euros, Crédit Agricole loose 2.77% to 9.63 euros, BNP Paribas was down 2.20% to 50.17 euros. Axa and Natixis follow the trend with decreases of 3.60% to 14.60 euros and 1.37% to 3.45 euros.Dexia unscrews for its share of 4.56% to 2.15 euros.

Areva: -2.80% to 25.31 euros Eramet: -1.83% to 217.50 euros

Luke Oursel, deputy CEO of Areva, is the favorite to replace Anne Lauvergeon head of French nuclear specialist, reports the newspaper La Tribune.In addition, the group has extended for six months its shareholders in companies with Eramet Sorame and CEIR representing the shareholders of the family Duvan.

Bull: -1.47% to 4.68 euros

The French computer group announced Thursday a plan to recruit a thousand employees for 2011, including 400 in France, mostly young graduates.

Sanofi: -0.92% to 51.43 euros

The group announced Thursday the signing of a research collaboration of two years with the Dutch biotechnology company Audion Therapeutics for development of potential treatments for hearing loss.

EADS: + 0.65% to 21.53 euros

The low cost carrier Philippine Cebu Air said Thursday it had concluded a $ 3.8 billion with Airbus for an order for 30 A321s and seven A320s.

Renault: -1.16% to 36.27 euros

The Renault-Nissan is about to take control of Russian automaker AvtoVAZ, an acquisition that would propel the world's third largest, said Thursday the Japanese newspaper Nikkei.

L'Oreal: -1.18% to 84.39 euros

The businessman Stephane Courbit explained in a letter to Liliane Bettencourt why he wants to break the financial partnership that had just concluded the boss Lov group and the heir to L'Oreal.

Total: -0.58% to 37.52 euros

The tanker has completed its friendly takeover bid of about $ 1.3 billion U.S. dollars on SunPower, a majority of shareholders of the company specialized in solar panels have agreed to tender their shares.

Eurosic: + 0.56% to 33.99 euros

Batipart, family holding company specializing in real estate, will launch a takeover bid for Eurosic in the coming weeks after the sale and Nexity Bank Palatine of all of their shares in the specialist real estate office.

Vivendi: -0.22% to 18.13 euros

Between September and the summer of 2012, SFR will resume rays telephone 80 Fnac stores in France.

France Telecom: -0.49% to 14.21 euros

The operator announced Wednesday it had issued 670 million euros maturing 2019 and 2021.

Perno Ricard: -0.42% to 66.46 euros

The group announced Wednesday that its board had decided to pay an interim dividend of 67 cents per share.

After market, Zodiac Aerospace Announce Revenues for the third quarter.

"QUIZ Estimate the Cac 40 in late June

Jumped 87% in one year. Pension fraud detected by the general pension scheme (CNAV) amounted to 47.5 million euros last year, against 25.4 million in 2009. Please note, this money does "only" 10 million "injury found" or fraud (the career resources, marital status …) resulting in the overpayments. However, this figure tripled in one year. Forty per cent of detected cases involved failure to report, 40% of false statements and 20% of false documents. CNAV refuses to say how she recovered from this amount.

The rest, ie the vast majority of money involved, is to "damages avoided", that is to say, money that would have been paid over the years (throughout retirement fraudsters) if the cheating had not been discovered.28 million euros' benefits in payment "and 9 million on" benefits not yet paid. " "That does not mean that there has been an explosion of fraud in a year, but simply that we detect most," said Peter Mayer, director of CNAV.

539 centenarians Algerian

The fund has, for three years, put the means to fight against fraud, decreed a "national priority" by the state. The dedicated staff represent 75 full-time, thirty cons in 2008. The budget has almost doubled to 4.9 million. Cost "more than offset by the 47.5 million earned on fraud." Peter Mayer took the opportunity to deny the existence of a multitude of centenarians 'fictitious' retired in Algeria. Contrary to the rumors that the Internet, they are only 539 centenarians CNAV a pension in that country.But the director confirms that the control is more difficult to perform outside of France, 1.2 million people living abroad receive a pension CNAV.

To verify that they are alive, the regime sent them several times a year a "certificate of existence" to return the signed and stamped by a local authority. To carry out spot checks, CNAV wishes enter into agreements with insurers approved by the local consulates. A test should be launched in September in Tunisia, where 31,000 retirees receiving pension CNAV.

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The year 2011 should be black for the airlines. In any case, predicted that the International Air Transport Association (IATA) on Monday. At the annual meeting of the association in Singapore, it has halved its earnings estimates for companies this year. "Natural disasters in Japan, unrest in the Middle East and Africa, plus the sharp rise in oil prices, slashed profit forecasts for the sector, to 4 billion U.S. dollars," and said IATA Director General Giovanni Bisignani.

This estimate of 4 billion is a drop of 78% compared to profits of $ 18 billion achieved in 2010, year of strong recovery for the airline after the economic crisis.Margins would amount to only 0.7% and a forecast turnover of 598 billion dollars.

A barrel is too expensive

In early March, IATA still evaluating the benefits to 8.6 billion. But it was just before the earthquake, followed by a tsunami and the nuclear disaster Fukushima, Japan. This drama series was first led to a suppression of flights to Japan and then a slow recovery for many companies. But the Japanese air transport market, valued at 44.4 billion euros, representing 6.5% of world traffic and 10% of turnover in the sector. Furthermore, Japan provides 3-4% of world production of kerosene, which is exported to Asia. "Part of that refining capacity has been lost due to damage caused by the earthquake," says the association.

Rising oil prices is just one of the main concerns of IATA.The Japanese crisis was grafted to increased tensions in the Arab world instant personal loans guaranteed. Libyan oil production, usually by 1.6 million barrels per day, is almost stopped due to fighting. And despite the increase in output of major oil-exporting countries, the markets fear a shortage. In April, a barrel of Brent North Sea thus came to London to 124.45 dollars, the highest since Aug. 4, 2008, while in New York, a barrel of light sweet crude " (WTI) rose to 111.68 dollars, the highest since September 2008.

Falling prices in May has also been only temporary because prices, reinforced by a weak dollar, have already gone back up.At the beginning of June, a barrel of light sweet crude "evolves around $ 100 while that of Brent North Sea worth $ 115.

Suspicious, IATA has reassessed its estimate of 15% for the average price of a barrel of Brent crude for the whole year, to $ 110 against 96 previously. The fuel bill for all airlines and will rise by 10 billion to 176 billion. "Fuel now represents almost 30% of the cost of air transport, more than double the 13% from 2001, according to the association. "The efficiency gains achieved during the past decade and improving economic conditions help offset the high cost of oil, but with limited margins to 0.7%, this leaves little protection against possible shocks, she says.

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On the one hand, a record that gets heavier, so that Russia decided Thursday to suspend imports of fresh products in Europe. On the other, an investigation that starts at zero or substantially after the abandonment of the false scent of cucumber, blanched Wednesday night by the European Commission. The outbreak of diarrhea and hemolytic uremic syndrome * Germany that began in early May, is unprecedented in scale in Europe.

Due to enterohemorrhagic E. coli also called secretory shigatoxin (STEC or VTEC), this episode is also exceptional by serotype in question, called O104: H4. "Before the current episode, this serotype had been identified only once, in 2005, a woman of 29 years in South Korea," notes Patrick Fach, research director at the National Health Security Food, Environment and Labour (handles) business cards.A novelty which partly explains the difficulties investigators to trace the source of contamination. On Thursday, the European Centre for Disease Prevention and Control (ECDC) confirmed this identification. The cause of the contamination is still under investigation, said the European agency. For WHO, this strain has never been observed in an epidemic situation.

Moscow has banned imports of European vegetables. Photo credits: Markus Schreiber / AP

Assists Is there a pause of flexible response? The Hadopi decided to "suspend its Interconnection with Trident Media Guard (TMG), the company Nantes mandated by the rights holders to monitor P2P networks for the exchange to" flash "French Internet users currently downloading works monitored.

The decision comes after the computer security specialist Olivier Laurelli, better known on the Internet under the pseudonym bluetouff, revealed this weekend, several security holes on one of TMG servers. In the files have been found many IP addresses of French Internet users, "ID" of Internet-connected computers. However, these data should be secured.

"Precautionary Principle"

"We apply the precautionary principle," says the Hadopi Figaro.fr. "We do not know what is actually happening in servers TMG.But we do not want to risk an intrusion into our system and personal data it contains. "

Presently, TMG sends daily Hadopi records IP addresses of surfers caught in his nets. The High Authority then decides whether to send a warning email to the owner of the Internet line in question and is the first step in the graduated response. With Monday's decision by the highest authority, the transfer of information between TMG and Hadopi is now suspended indefinitely.

Customers can they download with impunity the time of the suspension? The Hadopi like to moderate the joy of some users. "TMG can retain data for some time.If we restore the interconnection sooner, then all records of addresses made since Monday will be considered by us. "

TMG minimizes the impact of the fault

According to a report of the CNIL, "the data collected [by TMG] are cleared during the night following the confirmation of receipt of referrals by Internet Piracy, usually 24 hours after the collection of this information." If data are not passed, it will "also destroyed 24 hours after collection.Therefore, if Hadopi decides to reestablish its connection with TMG Wednesday surfers flashed in the day on Monday not risk anything, since the data has been erased by TMG Tuesday at midnight.

TMG has defended his part in a press release stating that the flaw disclosed by bluetouff "comes from a test server of society" and that "the infrastructure used by GMT as part of its operations were not impacted. "Therefore," no confidential data and personal has been published on the Internet. "

The rights holders should expedite an expert report from TMG very quickly, according to Internet Piracy. "Everything must be put in clear," says one at the headquarters of the supreme authority.