Debate closedDuring the debate life continues

What God has joined, no one can date, said the Catholic dogma of the marriage. Suez and gas of France, wanted by the Republican equivalent of divine power, would be at this title already engraved in marble. The top staff of SFM is less enthusiastic and is suspicious of his partner. But lack of an alternative which would provide the public group side an equivalent role in the Europe of the energy, it will remain subject to the dominant shareholder. And the State, he is more motivated that never both Government wet shirt to sell the EU to its majority of reluctant. In the face, Suez has also more than ever need to avoid (or back) the prospect of an assignment of its environmental pole. Even if projects in this sense occur one after the other, their deadline moves erode the certainty wall. However, after perimeter concessions made to the Belgium and Brussels, Suez shareholders take to doubt that their final bonus is also generous that they expected it and they are likely to demotivate. Beyond men and governance problems that are more in love test that the procedure of pre divorce, the outcome will depend on the State. How many will be ready to take in the future cash flow for the transfer to the shareholders of Suez and to convince them Interesting question in the pre-election period.

The cruelty of the projectors

It is more powerful, less it attracts indulgences. Investors are therefore very demanding with respect to General Electric. First conglomerate and second global market capitalization, the symbol of triumphant America is his performance scrutinized every quarter without complacency. However, despite the progress made and the unmistakable fruits of the Permanent Revolution led by Jeffrey Immelt, who does not hesitate to challenge such and such trades and to arbitrate between the activities, the results of GE leave a taste of unfinished. While a year ago, the Group was able to display two-digit growth in each of its six areas of activity, two, industry and health, are not meet this quarter. A third, media, sales increased by 20, continues on its course from the beginning of the year to profit by 10. Of course, the interest of the conglomerate is offset to one side the disappointments that it saves another. From this point of view, obtaining for the seventh quarter in a row, organic growth of 10 is consistent with the specifications. But the doping effect of energy and real estate are more than 20 may not be eternal. Where caution on Wall Street which is under-perform the value of the Group pending that NBC and the health returns give real signs of recovery.

Debate closed

During the debate, life continues. The revival of the competition of ideas on the future of the European Awards attempted by Henri Lachmann has left the vast majority of investors indifferent. In a stock market environment, the course of Euronext remains well stalled on the proposed merger with the Nyse. It is primarily based on the parity of Exchange planned, adjusted for the impact of the relationship between euro and dollar. Deduct this fluctuating calculation that the alternative proposed by Deutsche Börse, theoretically a little more generous, bear his chance with the shareholders of Euronext within the method Coué. In reality, their expectations are also frozen than the positions of the players. And as the third way proposals made by the President of Schneider had little chance to be taken to their account by any of them, there is no reason that the markets are more European. The Lachmann report can have the positive effect to express precisely the reluctance of users with regard to the transatlantic jump, and thus to encourage the American partner to do the maximum to overcoming. But, in the meantime, developments in the EADS records have not demonstrated the superiority of the alliances sealed by the political will when they are confronted with the vagaries of the life of the business.