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Ingenico posted a net income multiplied by more than two in the first half thanks to the increase in transactions in Europe and raised its sales target.

The specialist in payment terminals is now 805-815000000 euros in turnover for 2010 while the group was counting on sales until now included in the top of the range from 790 to 805,000,000.

Its net profit was for the first half of 2010 to 11,200,000 euros, an increase of 133% compared to last year, returning to levels comparable to early 2008, while its net sales reached 395 million, up 10% over the first six months of 2009 on a comparable basis.

"The return to positive momentum in the second quarter we can see our goal of increasing revenue and our target operating margin adjusted for 2010, said Thursday in a statement Philip Lazarus, CEO of 'Ingenico.

The adjusted operating margin target of between 12.5% to 13% is thus maintained for 2010, same as the EBITDA margin between 16% and 17%.

The group had also exceeded its expectations for adjusted operating margin, which stood at 9.3% against a target level "comparable" to 8.6% in first half 2009 pro forma.

The Group's organic growth was driven by its performance in China, Germany and France.Ingenico has continued its acquisition strategy by taking control of both companies in the areas of services related to payments, Transfer To to Singapore and First Data Iberica in Spain.

On the historic market of payment terminals, the main competitors remain Ingenico Hypercom and VeriFone Americans.

At the close Thursday, as the group finished down slightly from 0.1% to 19.40 euros, bringing its market capitalization to nearly $ 950 million.

Luxottica, the world leader in eyewear, has announced a 30% increase in net income and an increase of 13.8% of its turnover in the second quarter and said it was confident for the second half.

The Milanese group, which owns brands including Ray Ban and Oakley, said in a statement that its wholesale division has achieved the best performance in its history, its operating margin reaching 24.1% against 22.5% a a year ago.

"These results provide an excellent base to look with confidence towards the second half of the year," said in a statement the CEO Andrea Guerra.

Luxottica has made the quarter April-June net profit of 150.1 million euros, exceeding the consensus estimate of analysts Thomson Reuters I / B / E / S, which gave 145.3 million.

He said that sales were particularly strong in emerging markets and the U.S., its largest market.

In a presentation accompanying the results, Luxottica said track to achieve its annual targets. In April, he had said it expects growth of about 5% of its annual turnover.

Sales at department stores conducted between last Wednesday, the first day of sales, and next Saturday are up 10-17% in Paris and about 6% in the province over the same period of 2009, told Reuters Claude Boulle, Chairman of the Union of the great trade center (UCV).

This period, during which traders are allowed to sell at a loss, will end Aug. 3.

"We are surprised by such enthusiasm," said Claude Boulle, who gives the rain, precipitation related to the timing of sales compared with the academic pace and demands of tourists, especially from emerging countries like Asians or Brazilians.

Claude Boulle, however, refuses "to be triumphalist" for now because, he says, should not at this very good start followed by a drop in purchases after July 15.

"The balances are played on a shorter and shorter," he observes.

As every year, the discounts offered in the department stores were included in 30 and 50% and new markdowns could be proposed "if there are still things to sell," added Claude Boulle.

The TCU brings together nearly nine billion euros in turnover with 600 stores in 300 cities in France, such as Galeries Lafayette, Printemps or C & A.

European stock markets were down in mid-day, posting the seventh decline in eight sessions after the publication of indicators Chinese fuel fears about the state of the global economy.

For this first session running at a disastrous quarter for equity markets, the pan-European FTSEurofirst 300 index lost 1.19% to 10:45 GMT at 981.69, after touching a low of three weeks.

The Euro Stoxx 50 index of leading industrial stocks in the euro zone, meanwhile shrank by 1.1% to 2544.97 to go below the key level of 38% retracement of the rise between the lowest March 2009 and peak in January compared to the historic low of March 2009, raising fears that its decline is far from complete.

The next level of support is the lowest in 2010 at 2448.10, touched in May

On Wall Street, the S & P 500 fell on Wednesday under the 1040 he managed to maintain since February, falling firmly in a downtrend, which could lead to a sharp fall in the months ahead.

Indicators have shown that the growth of China's manufacturing sector slowed in June in response to efforts by Beijing to curb the expansion of housing and contain the increase in funding.

"The Asian growth has been the engine of the global economy, so if China loses its speed, it will not go well," said Jacques Henry, analyst at Louis Capital Markets.

"With very dull statistics from the U.S., there is growing nervousness over a new recession."

SLOWDOWN IN CHINA AND INDIA

The Chinese official PMI stood at 52.1 in June against 53.9 in MayThis is the lowest figure since February and is well below the expected figure of 53.1 on average by ten analysts polled by Reuters.

A similar survey conducted by HSBC for its shows a sharper decline to 50.4 last month against 52.7 in May

In India too, the growth of manufacturing activity slowed in June due to a deceleration in the rate of increase in production and new orders slightly lower than in May.

PMI Purchasing Managers HSBC, drawn on a survey of 500 companies fell to 57.3 in June against 59.0 in May, the level that had constituted a high of more than two years.

Very sensitive to changes in the Chinese economy, mining stocks are affected. Xstrata lost 2.67%, BHP was down 1.62% and Rio Tinto fell back to 0.88%.

The banking situation is more delicate approach to the recovery of around 500 billion euros at the European Central Bank.Credit Agricole fell 2.33%, 2.23% and BBVA Banco Popolare 0.66%.

Barclays accused it for an even more marked decline after announcing that business conditions in the segment of the investment bank had deteriorated over the last two months.

Adding to the gloom, the French manufacturing PMI came to show that growth in the French manufacturing industry slowed in June for the second consecutive month in France and the sector has continued to destroy jobs, according to PMI survey published Thursday by the Institute Markit Economics.

The German situation is rather less alarming because the industry has finally emerged while a stable flash estimate predicted a slowdown.

Offer Pigasse-Bergé-Niel got the endorsement Monday of the supervisory board of the World allows both parties to enter into exclusive negotiations to resume and recapitalization of the newspaper said Monday the company director of the editors of World.

France Telecom announced earlier in the day that it would withdraw its offer of resumption of the World after the supervisory board, with the competing offer Friday received strong support from employees every day.

Two meetings were held in the afternoon.The supervisory board of the World Ltd has approved 13 votes for and 5 abstentions, while the supervisory board of the World Partners and Associates, which owns 60% of the World Ltd, has voted with 11 votes with 9 abstentions, told Reuters Gilles Van Kote of the Society of Editors of the World.

The U.S. agency mortgage refinance Fannie Mae, which had a significant stake in the subprime crisis, said Monday in a loss of 11.5 billion dollars in the first quarter, and asked the federal Treasury to grant further 8.4 billion dollars by the end of June to offset its deficit. "Our first quarter results are due primarily to costs associated with credit, which remain high due to weaknesses in the economy and market américainde residential property," said Fannie Mae said in a statement.

The additional $ 8.4 billion requested to be added for an additional $ 15.3 billion already disbursed by the Treasury on March 31, intended to fill the deficit in December 31, 2009."Given the current trends in housing and financial markets, we continue to expect net deficits in the future, and therefore we will obtain additional funding from Treasury," the company said.

This aid, granted in exchange for preference shares held by U.S. taxpayers also costs for Fannie Mae, who had to pay first quarter dividend of $ 1.5 billion to the federal government, widening its quarterly loss Group share 13.1 billion.

The credit losses increased from the fourth quarter 2009 and first quarter 2010, from 4.1 to 5.1 billion, "reflecting the increased number of defaults, partially offset by a slight reduction in the magnitude of these losses, "the company said.

The rate of seizures has increased in the first quarter, Fannie Mae said: macroeconomic conditions and "the protracted decline in prices of residential property at the national level continue to lead to an increasing proportion of our loans go from being of default than before.

And given the minimum time for them to sell foreclosed properties (unfinished evictions, repairs, legal deadlines to allow property owners to eventually settle their debts to stay home ..), the body just to put on the market properties seizures, delaying the cash flow.

Last week, the other major parastatal mortgage refinancing, Freddie Mac, had published a quarterly loss of 7.980 billion and $ 10.6 billion requested additional assistance from Treasury.

In late March, U.S. Treasury Secretary Timothy Geithner had estimated that the reform Freddie Mac and Fannie Mae should expect "a period of greater stability in financial markets." The Treasury had announced in late December that it would close until end 2012 loss of Freddie Mac and Fannie Mae.

The two bodies were placed under the supervision of the U.S. government in September 2008, at the height of the crisis, when they threatened to collapse under the weight of their debt. Since then, the state has pumped hundreds of billions of dollars to keep them afloat.