Iliad picking the fruits of recovery of Alice in H1

Iliad Tuesday reported a significant improvement in profitability in the first half thanks to a quicker recovery than expected from its subsidiary, Alice, restructuring since it was bought 18 months ago.
The Internet service provider, which owns the brand Free, has published a net profit of 171.4 million euros, signing an improvement of 27% [...]

The FSA imposed a fine of 1.5 million pounds at SocGen

The Financial Services Authority (FSA) has imposed Wednesday at Societe Generale fined 1.5 million pounds (1.9 million euros) for deficiencies in its reporting procedures.
The UK control of financial markets said in a statement the "seriousness" of the failings in the French bank in terms of reporting on financial transactions.
She adds that [...]

Alcatel-Lucent is still on track despite stock shortages

Alcatel-Lucent confirms its annual targets despite the impact, for the second straight quarter, problems associated with shortages of components in the industry.
The telecoms equipment has limited the impact of these shortages on its quarterly results and has released figures broadly in line with expectations, but in return it has consumed more cash to [...]

Puma renounces its goal of pretax profit

Puma has waived its annual forecast of taxable income due to the potential cost of litigation in Spain, after posting interim results below expectations.
During a conference call, Jochen Zeitz's chief executive, said that "it would not be prudent" to maintain its pre-tax profit target given the potential costs associated with the lawsuit brought [...]

Singapore Airlines believes in the continued recovery

Singapore Airlines, world's second largest airline by market value, said that the resumption of passenger and freight is expected to continue in the near future, having reported earnings above expectations for the first quarter.
The group reported a net profit of 253 million Singapore dollars (143 million euros) for the quarter April to June, [...]

European markets up, Paris is 6.16% in one week

European shares finished higher for the fourth consecutive session, despite fears expressed by some analysts see a recovery in equity markets to end soon in Europe.
The Paris Bourse closed up 0.46% to 3554.48 points.For the week, the benchmark index of the Paris market gained 6.16%, its largest weekly increase in a year, as [...]

Tokyo stocks end down 2.04%

The Nikkei ended down 2.04% Wednesday, falling to a low of seven months due to a strong aversion to risk caused by both the decline posted Wednesday on Wall Street and by the disturbing news in from China.
The Nikkei lost 191.04 points to 9,191.60 and the broader TOPIX, surrendered 13.03 points (1.55%) to [...]

The number of cuts for unpaid gas explodes

Some 300,000 consumers in 2010 could face a cut of their supply of natural gas, due to inability to pay their bills, 30 times more than in 2008, the company said Monday GrDF, manager of network distribution of natural gas .
"The number of cases of unpaid breaks to grow from 10,000 in [...]

3 members of the CA Alstom UK arrested for corruption

Three members of the Board of Directors of Alstom in the UK have been placed in custody on suspicion of corruption, money laundering and false accounting, announced the Serious Fraud Office UK.
The arrests came after raids on nine sites of Alstom, said the SFO.
The British authorities suspected payment of bribes, kickbacks [...]