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Vivendi said Wednesday anticipate an increase in its annual results for 2010 and maintaining its dividend to 1.40 euro for the year, after posting better than expected performance in the first half, notably at SFR and Universal Music.

The first group of European media and entertainment market capitalization said in a statement anticipating a growth in adjusted operating profit (EBITA) in 2010 – instead of a "slight" growth before.

It also provides a higher adjusted annual net income higher than the 2.585 million generated in 2009.

Vivendi has released the first-half EBITA of 3.243 million euros, up 11.9% and a turnover of 13.982 million, up 6.1%.

The 12 analysts polled by Reuters drafting average expected EBITA of EUR 3,099.5 million and a turnover of 13.833 million.

The company posted an adjusted net income biannual 1,526,000 euros, up 4.0%

SFR, which accounts for nearly half the turnover of the group reached EBITA of 1.368 million euros, against 1.302 million expected by analysts, with sales up 1.8%, more stronger than expected.

Canal + has reached an EBITA of 486 million euros, up 3.0%, against 463 million expected, but with a turnover more moderate than expected.

Lagardere announced last Thursday that he intended to complete by March 2011 the IPO of 20% of Canal + France held 80% with the balance.

UMG, the first record label world, shows a fall of 24.6% of its EBITA less than expected at 159 million euros, against 149.5 million anticipated.

Vivendi also raised the forecast of Brazilian fixed-line operator GVT, its latest acquisition and its smallest division, now anticipating increases of 34% of its turnover and 44% of its adjusted EBITDA – 29% and cons 35% previously.

GVT has done in the first half turnover of 444 million euros and an EBITA of 98 million.

The Vivendi shares closed Tuesday up 1.24% to 18.41 euros, giving a market capitalization of $ 22.8 billion. It has lost 11.5% since the beginning of the year, against an increase of 5.3% of the pan-European media index.

Coface, which announced Monday a further improvement in results due to the recovery of its performance in the insurance authorized by a decrease in claims and believes that its results any credibility to public offerings.

The credit insurer, 100% subsidiary of Natixis, the subject of strategic thinking since last February in BPCE, parent company of Natixis on his future within the banking group.

Commenting on the results of Coface published on Monday its chief executive, Jerome Cazes, said at a press conference that discussions had not been completed and that there was "no urgency".

However, he said "feel that the scenario of a public offerings in 2011 is gaining credibility with the results" the first half.

The credit insurer is considered unlikely scenario of recurrent growth under the policy followed by recovery in the United States and China and the dynamism of world trade, and expects a further improvement in claims in the second half.

"This situation (macroeconomic) can anticipate the second half a further improvement in claims, continued cost control and growth turned positive in its turnover," notes Jerome Cazes.

The company saw its second quarter results continued the recovery started in the last quarter of 2009, with operating income of 31 million euros after a loss of 76 million a year earlier and a positive result of 24 million in the first quarter of year.

PERFORMANCE ASSURANCE

Driven mainly by the insurance, which rebounded thanks to a decline in claims, despite a turnover fell 2% at constant rates to 303 million euros while the ratio claims fell to 59% in the second quarter, against 63% in the first.

Coface's objective is a loss ratio between 45% and 50% in the next 18 months as well as productivity gains three points per year.

Operating income from insurance activities has reached 31 million euros, against a loss of 126 million a year earlier and a positive result of 24 million in the first quarter of 2010.

In services, where sales fell 8% to 65 million euros, operating profit was halved to six million euros while in factoring it increased to 10 million EUR cons has a two million earlier, on sales up sharply (+21% to 29 million euros)

Net profit stood at 20 million euros, against a loss of 37 million a year earlier and a profit of 15 million in the first quarter.

Shareholders' equity improved to 1.311 million euros, signing up 21% from the end of 2009 and 11% from the end of 2007, before the outbreak of the financial crisis, mainly driven by the capital increase occurred at Natixis first quarter.

As part of its strategic plan 2010-2012, after which Coface is a net profit of 250 million euros, the group also wants to become a rating agency that specializes in financial firms.

In response to criticisms of credit insurance during the crisis, the company has introduced a free access to its insured ratings to their clients.

List of key values to follow Monday on Wall Street.

CAMPBELL SOUP *

The group is considering a power supply of 1.5 billion pounds (2.3 billion dollars) on the activities of Britain's United Biscuits Cookies, reported the Sunday Times.

The U.S. group is not interested in the industry "snacks" of United Biscuits bought in 2006 by Blackstone and PAI Partners and that they intend to sell, according to information published by Reuters last month.

Closing price: 36.64 dollars.

* HEWLETT-PACKARD

* 3PAR

* DELL

Hewlett-Packard said Monday it proposed to acquire the data storage company 3PAR priced at $ 24 per share in cash, competing with the offer made last week by rival Dell.

The proposed HP is 33% larger supply of Dell, which accounted for at the time of its announcement a premium of 87% over the course of 3PAR.

The action of 3PAR blazing 37% in pre-market trade after the announcement of the offer from HP.The action of the computer group yielded 1.0%, however.

Closing Speaker: U.S. $ 39.85

Closing 3PAR: U.S. $ 18.04

Closing Dell: 12.07 dollars

* AMERICAN INTERNATIONAL GROUP

The U.S. Federal Reserve plans to reduce approximately 3.6 billion dollars (2.8 billion) credit line open to the insurer, which illustrates the growing confidence of the authorities in the group's ability to do without public support, Bloomberg reported, quoting an informed source project.

In addition, ILFC, the aircraft leasing subsidiary of the group, has paid nearly four billion dollars by the Fed after raising capital from private investors, officials said Sunday close to the matter.

Closing price: 35.17 dollars.

* 3M

The U.S. industrial conglomerate could spend about two billion dollars (1.6 billion) on acquisitions this year, twice more than its previous estimate, said Monday its chief executive in an interview with Reuters.

Closing price: U.S. $ 80.66

* AIR PRODUCTS AND CHEMICALS

The share of industrial gases group could grow by 20% within a year if its offer AIRG fails or if it ends at a price less than $ 70, says Barron's in its latest edition.

The offer values currently Airgas to 63.50 dollars per share.

Closing price: 75.01 dollars.

* WASHINGTON POST

After declining in recent weeks, triggered by concerns raised by its Kaplan education subsidiary, the title is outrageously cheap, says Barron's.

Closing price: 347.68 dollars.

We knew the salaries of civil servants threatened by pension reform. But the government also plans to "freeze outright index point" of wages in the public service, which sets about 80% of salary for civil servants, understands the newspaper Les Echos. And until 2013.Wage negotiations, which open Friday could even jeopardize the 0.5% long planned for July 1.

Also read on the subject: Austerity: those who will drink

Secretary of State for Public Service, George Tron, has nevertheless delivered Tuesday, as pesonnel in favor of maintaining the increase July 1, which had been recorded during the last negotiations three years. "J 'I like Eric Woerth (Labour Minister), tend to think that when a commitment is made, it is good policy to keep it, "he said before adding that while" it is all not adjudicated "and that" several scenarios are considered.

In contrast, the gel appears to be non-negotiable for the period 2011-2013. "You can not ask a staff effort, just as all the French, and automatically catch the fly.The question of the contribution rate is not mentioned in salary discussions, this has nothing to do, "said the Secretary of State for Public Service for Echoes.

The pension reform provides for a gradual alignment of contributions from the public over the private, the rate should increase from 7.85% currently to 10.55% in 2020. An increase of 0.27% per year. Rising wages would be a way to limit or even maintenair purchasing power of public servants.Meanwhile, these leaks could fuel the action on Thursday against government plans, whose intensity could influence the final decision.

According to Les Echos, it could attempt to sweeten the pill by putting forward measures and targeted wage clause "good fortune" that would revert to freeze possible if growth better than expected.

Tuesday afternoon, the Labour Minister Eric Woerth has sought reassurance by stating that the state "will not decrease the salary of civil servants". He added: "The remuneration of an employee, not only point to the index, because they always say, X%. This is the point index," but " there is a second part of the remuneration that is the evolution of employee remuneration in a grid. It is about 2% per year, average increase of purchasing power, "he said.

If freezing point index, "the purchasing power of employees fall by nearly 7% in three years" because of the risks of higher inflation, responded Jean-Marc Canon, Secretary General CGT officials.

Procter & Gamble announces earnings below expectations during the fourth quarter, sales growth could not offset higher marketing expenses.

The group of consumer products said that investments in new products launched this year – Pampers Dry Max, ProGlide Fusion razor and tooth whitening strips Crest 3D White outpaced growth of 5% of turnover 'net sales.

"Next year will be another great year of innovation for us and we will invest accordingly," said CFO Jon Moeller, during a teleconference with the press.

Net income for the quarter ended June 30 was $ 2.19 billion, or 71 cents per share, against 2.47 billion (80 cents) a year earlier.The Thomson Reuters consensus I / B / E / S gave an EPS of 73 cents.

The turnover stood at 18.93 billion dollars (19.1 billion consensus).

P & G expects earnings per share of 97 cents to $ 1.01 in the first quarter of the year, and an organic growth of 3% to 5%.

Effects of unfavorable exchange rates would reduce net revenue growth of 3%.

Analysts are waiting for their share of $ 1.04 a share, in the first quarter.

The share lost 5.3% to 59.77 dollars in pre-market after these announcements.

Norsk Hydro believes that the aluminum market may have reached its highest level this year in the second quarter and maintained its forecast of growth of 12% of its markets upstream and downstream in 2010.

The Norwegian producer of aluminum has made a profit before interest and taxes (EBIT) current of 1.1 billion kroner (137 million euros) in the second quarter, after losing 618 million kronor last year on same period. Analysts polled by Reuters had expected a profit of 900 million kroner.

"The numbers are very solid," said Samir Bendriss, an analyst with Pareto."They are particularly successful in the upstream activity, with higher prices, higher volumes and lower costs than expected."

The group assigns him, this performance to increase its volumes, the strength of its margins and tight control of costs.

"We still anticipate that demand in our major markets upstream and downstream will grow by about 12% in 2010," he said.

However, Norsk Hydro estimates that the global market for aluminum is oversupplied despite the recovery in demand linked to the moderate recovery of economic growth.

"There are many elements that suggest that the second quarter will be stronger in 2010", said group general manager, Svein Richard Brandtzaeg, at a press conference.

The group said world demand for primary aluminum, excluding China, has increased in the second quarter to an annualized level of consumption of around 24 million tonnes, while production outside of China increased 25 million tons on an annualized basis.

"Demand should be stable in the third quarter but with a normal seasonal decline," said Norsk Hydro.

The Norwegian group also warned that its results for its underlying activities of alumina (aluminum oxide) and raw materials are expected to fall in the second half after a solid six months, due to an expected drop courses alumina and rising costs of bauxite.

"The decline (will be) following the expected decline in margins," the group said.

Around 9:45 GMT, was virtually unchanged at 34.96 crowns.

The NYSE opened up but on a cautious note Friday after the release of monthly statistics of the labor market in the United States, which rekindled fears of a slowdown in economic recovery.

A few minutes after the start of trading, the Dow Jones gained 0.27% to 9759.21 points, the Standard & Poor's 500 index 0.44% to 1,031.86 and the Nasdaq Composite 0.34% at 2108.48.

The U.S. economy has destroyed 125,000 non-agricultural jobs in June, according to Labor Department statistics, a figure slightly higher than expected.This is the first time since the beginning of the year that the U.S. economy is destroying jobs.

Among the values sought in early trading, the "biotech" Biogen and Allergan earn more than 6% and 8% respectively after news reports that Sanofi-Aventis is preparing a major acquisition in the United States.

Paris and European stock markets are falling sharply in early trading Monday in the wake of New York and Asian stock markets after U.S. employment figures disappointing trial amid lingering fears about possible negative effects of the crisis debt of the eurozone on the global economy.

Around 9:05, the CAC 40 index, which opened in low of 1.69%, losing 1.61% while the euro hit a four-year low this morning in Asia. The Paris index, which fell 2.86% on Friday, could go to fill the gap opened on 26/05 at 3348.64 and go test area supports 3276, said Alexander the Drogoff, technical analyst at Aurel BGC.

No value of the CAC 40 is up.

London drops 1.16% 0.98% and Frankfurt.The European indices, EuroStoxx 50 Eurofirst 300 lost 1.28% and 1.16%.

The euro remains under pressure and is trading around 1.1947 dollars after hitting a low of 1.1878 to four years. On Friday, he finished at 1.1936, his fall was caused by fears of debt crisis in Hungary.

The bonds of the core countries of the euro area benefited from strong risk aversion. The German Bund yields to 10-year benchmark euro area, relaxes and drops below 2.6% to 2.57% and the return of the French OAT maturing going well under 3%.