The height would be that neither side will hear it

Small remedies, great effects. The strong rebound of the PSA title contrasts with the retention of the action plan announced. As the concrete savings were partly known, early, or even secondary compared with expectations. Beyond his immediate problem of costs, the Group should especially meet the challenges of its offer to a European market little carrier in total, but crossed to dynamic currents. In this respect, the will to accelerate the renewal of the lines and to improve the productivity of R & D is a declaration of intention to better suited to the world of the Automobile to the stock exchange. His positive reaction measures however credit Peugeot-Citroen has before that are known the successor of Jean-Martin Folz and replies that he will make on the merits. The title a priori holds great potential. After the effects of advertisements of the change of President and the action plan, it has not recovered its level from before the profit warning on July 26. Its valuation ratios are close to their lowest historical. But, in addition to the commercial battle, market competition promises to be fierce. Between Fiat, Volkswagen, DaimlerChrysler and Renault, the road has rarely been also bottled of contenders for the role "from" manufacturer by way of remedy. And most of the fellows are as motorists: do that driving a car at a time!

Musical chairs

The Spanish energy sector looks like a game where there are fewer seats than players. Those who lack of reflexes may turn into mere spectators. At the time where real estate and construction specialists take bold initiatives to diversify their assets and invest their resources, places become scarce and expensive for professionals. Gas Natural is the first victim. Offside for having eyes bigger than stomach with Endesa, may not return to Union Fenosa and Iberdrola, where ACS has cleverly placed his pawns. E.on, who had played well in the first round on Endesa, was forced by Acciona to increase its offer of 10 billion. And at this price, it is not yet sure to achieve its purposes. The small Spanish, that already displays a latent capital gain of EUR 400 million in 24 hours, may require more to be clear. Which, applied to 100 of the capital, still increase the German Bill of several billion. On the other Europeans too long wait, as EDF and Enel, they were less likely to take foot on the promising market Spanish. Endesa is out of reach, and any attempt on Iberdrola would probably result in a rapprochement with Union Fenosa, which would place the new Iberian giant from the covetous.

The height of oblivion

How to maintain attention when it comes out of the news Six months course of Kesa was supported by two independent as effective factors of willingness: first offer of redemption by funds, who took out the title of forgotten where it was sinking, then the World Cup of football, which has spiked sales of TV sets with flat screens in the Darty in France and Comet stores in Britain. The 325 pence per share proposed and repulsed in March by the Council of Kesa remained in the memory of the investors, as the British group is delivered in the meantime to a thorough review of its real estate assets, who recalled the intrinsic value. However, once the Cup passed, and with it its impact on the profits of the first half, missing a relay. Despite a sustained demand in television as in white goods, deflationary pressure is still on the margins. And the duty to invest to restore the attractiveness of stores pump self-financing that Group boasts generate in abundance. By insisting on the fact that efforts have returned in the "future years", Kesa attempts to calm the impatience of fellows while calling of the foot to the Fund, be deemed to see more long term. The height would be that neither side will hear it.