02/03/2011
markets expected to be down, disturbed by the Arab world
European markets are expected to be down on Wednesday, still disturbed by the escalating tensions in the Arab world and driving up prices of black gold.
violence that ignite Libya and are now spreading to other countries, major producers of black gold, so will again focus all attention in the rooms.
In Libya, while the insurgency is in its third week, Colonel Muammar Gaddafi is clinging to power despite growing international pressure.
clashed with Iranian security forces to civilians demanding the release of two opposition leaders, the pressure is raised a notch in Kuwait with calls to revolt and demonstrations continued in the Sultanate of Oman. Even if Saudi Arabia, the largest producer of petroleum products in the world, is committed to ensuring market stability, investors remain worried that led to a further surge of oil Wednesday morning above $ 100 in asia.
the side macroeconomic figures of employment in the private sector in the United States in February will be particularly monitored by the market expects a rebound after a decline in unemployment in January. In the eurozone, are also expected prices to industrial production for January.
Finally, the session will remain rich in publications Business.
AGENDA
Eurozone - Producer prices at 11 for the month of January
Greece v Portugal
- Rating agency Standard & Poor's said Wednesday that lower grades of Greece and Portugal was still feasible and it depended on the modalities of the future European Stability Mechanism (SPM). The agency was keen to point out that despite their passage into the background because of the recent rise in oil prices, budget deficits faced by some countries in the euro area could come back to haunt markets. She said keep under surveillance with negative long-term rating of BB-Greece, as well as long-term A-and short-term A-2 Portugal.
Portugal - Issuance of $ 750 million to 1.5 billion euros of Treasury bonds at 6 months and one year
Spain - Issuance of a bond equal to 5 years maturity
Germany - Issue 5 Bobl billion euros (due 2016)
U.S. - ADP employment survey for the month of February, at 14.15
- Hearing biannual Ben Bernanke on monetary policy before the Committee on Financial Services House of representatives, to 16h
- Publication of the Fed Beige Book at 20h
VALUES
UCB - The biopharmaceutical company UCB has seen its turnover grow by 3% to 3.21 billion euros in 2010. Sales were boosted by its blockbuster drug, the Cimzia (+163%), but also by the Vimpat and Neupro as well as its portfolio of mature products, including Keppra. Recurring EBITDA rose last year from 5% to 731 million euros, demonstrating a "strong underlying profitability" by UCB. Basic earnings per share of 1.99 euros in 2010, against 1.74 euros in 2009.
- Net income fell 80% to 103 million euros in 2010. This decline is due to one-time depreciation, partially offset by a tax credit. Adjusted net income, meanwhile, rose 6% to 239 million euros. UCB
propose to its shareholders to distribute a gross dividend of EUR 0.98 (or 0.735 Euro net) per share (+2%).
- For the fiscal year, the Belgian group expects a turnover of between 3 and 3.1 billion euros, down about 6% over fiscal 2010. "The good results of Cimzia, Vimpat Neupro and should compensate to a large extent but not completely, the effects of the latest wave of expiry important patent expected in 2011, "said Roch Doliveux, CEO of UCB." After 2011, UCB is not expected expiration of key patents for over a decade. "
GALAPAGOS - The biotechnology company has received an interim payment of 6.7 million euros, on the occasion of the delivery of a fourth drug candidate to GlaxoSmithKline.
WERELDHAVE
BELGIUM - The Sicafi Wereldhave Belgium has reported a direct result per share ( off result on portfolio) of 4.22 euros per share. It was 4.27 euros in 2009. Overall, the direct result stands to 22.5 million euros (22.8 million euros in 2009). This slight decrease in the direct result is mainly due to lower occupancy rates of office buildings. On sectoral basis, the occupancy rate of office buildings in 2010 is 80.7% and 100% for shopping centers.
- The debt ratio stood at 12.3%. The dividend is unchanged at 3.92 euros.
NYRSTAR
- capital increase with preferential rights (until 11 March)
ATENOR
- The property development company Atenor, posted a loss of 1.59 million euros on its fiscal 2010. In late 2009, Atenor yet recorded a net profit of 7.3 million it says including "the low point of economic cycle in the housing market."
- The operating result (EBIT) is still in the green at 3.48 million. "Operating income was positive especially in a relatively degraded," explains Sydney D. Bens, CFO Atenor.
- End 2010, Atenor had a better cash position than in 2009 it was located at 75.5 million euros against 15.6 million a year earlier.
- In 2011, at least four projects participate in the results group. "The construction and delivery of the buildings pre-sold, pre-let in particular should contribute positively to the results in 2011," explains Atenor.
HAMON
- The backlog Hamon group displayed a marked increase. And if the 2010 results are worse than in 2009, the company said that 2011 remains a great year. Especially since his "redeployment in emerging markets" gives him confidence for the future.
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