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Tuesday, 04 March 2008 |
Justice Minister asks for change in cases of misuse of company assets and insider trading.
Rachida Dati has launched a reform
of the law governing business.
The reform is based on the report
by the former First President of the Paris
Court of Appeal Judge Jean-Marie
Coulon. Parts of it are as controversial as
Dati’s just-finished revision of the
judicial map, with its suppression of
many law courts across the land.
The aim is to get the judges out of
the faces of the business community.
Thirty-year-old offences which are
never invoked are to be taken off the
statute book.
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Tuesday, 04 March 2008 |
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Dassault Aviation, which builds Rafale and Mirage military
jets and a range of business aircraft, said its net profit was up
36% last year to €382 million. The company has benefited
from the boom in business jets, prompted by the airport
security clampdown which has made travelling by airliners
much more uncomfortable. 2007 saw the introduction of its
Rafale aircraft into the French air force. Nicolas Sarkozy
seems to have been successful in selling the companies’
planes in North Africa. Algeria has just cancelled an ongoing
contract for MIGs in favour of France.
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Tuesday, 04 March 2008 |
Vivendi said it would launch a new site, Zaoza, in March.
The company pins its hopes on this to trigger a long-awaited
profit from the potential sales of music, videos and other
products via the internet and mobile phones.
An earlier attempt with a site called Vizzavi, launched
when Jean-Marie Messier was in his prime, failed miserably.
With Zaoza, subscribers will pay €3 per month to
download unlimited material from the site on to either a
computer or a mobile phone. Not included are the fees
charged by mobile phone operators to download the data.
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Tuesday, 04 March 2008 |
Lagardère is continuing to develop its multi-media business
by buying the health website Doctissimo. It already owns the
chains Virgin and Relay, book publishing, chiefly with
Hachette, magazines, including the women’s magazine
‘Elle’, and film and music production.
The company hopes Doctissimo will strengthen the
magazine and audiovisual part of the business in the internet,
with particular interest in targeting women and health sites.
Doctissimo, was founded in 2000, and has developed
active forums, where health, well-being and sexuality are
discussed.
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Tuesday, 04 March 2008 |
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Shareholders in the 15% part of EDF which does not belong
to the French government had a rude shock after the
company published its annual results and the share price fell
by 10%. The fall was even more of a surprise because the
results, with a net profit of €5.6 billion, were good. What
seemed to disappoint the market were conservative forecasts
for the year ahead, with only a small rise in operating profit.
After France, which accounts for 54% of EDF’s business,
Britain is the next most important market, accounting for
14% of sales. The company also has big stakes in the
electricity and gas markets in Italy and Germany.
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