The group recorded a 28% increase in sales to 35.7 billion euros, higher than the 30.14 billion euros predicted by Thomson Reuters SmartEstimates.

The group said last week it had earnings before interest, tax, depreciation and amortization (EBITDA) of approximately 3.8 billion euros, and net current of about 1.7 billion.

"These figures are not spectacular, but they are good," said one trader. The action was reported up 0.9% in transactions before trading.

The turnover of the trading subsidiary of the group rose 37% to 27.5 billion euros while the production of renewable energy generated sales up 7% to 617 million.

Since the beginning of the year, as E.ON has lost over 6%, impacted partly by its heavy exposure to nuclear power, while its main competitor RWE gained 18%.

The likely thrust of extremist parties in Greece, which could jeopardize the plan of assistance given to countries, markets further alarm that victory in the presidential election of Francois Hollande, whose program is no longer perceived as a threat by investors . "The week promises to be high risk, but paradoxically Greece weigh maybe more in the balance as the French election," said Valerie Plagnol, director of research at Credit Suisse.  

Unlike 1981, the arrival of the socialist candidate for the Elysee should however not destabilize markets, which first opened in Asia in mid-European night. The Paris Bourse certainly gives ground for several weeks, but this trend is common to all European financial centers, plagued by fears about the economy of the eurozone. And the cost of refinancing the public debt of France has not increased more between the two rounds of presidential elections.

No challenge to the Treaty on the financial stability

Paris has borrowed Thursday nearly 7.5 billion euros at rates down. "Mr. Holland should not undermine the Treaty on European financial stability, but rather add to it a component of growth. On this point, it is not alone in wishing that in Europe, which tends to reassure "said Ms. Plagnol.  

Long reluctant, Berlin is ready to work to "a growth pact for more competitiveness," the German Foreign Minister Guido Westerwelle. President of the European Central Bank, Mario Draghi, would also give this theme "at the center of the agenda" European. Mr. Holland on Sunday evening could have an exchange on these topics with German Chancellor Angela Merkel, according to one of his advisers.  

If revenues diverge, more tracks are already being considered: increase the borrowing capacity of the European Investment Bank (EIB), spend more European structural funds in the euro area, establish 'project bonds', the European bonds for a specific project, or authorize the European Stability Mechanism (MES) to help a struggling industry and not just a state.

For Laurence Boone, chief economist for Europe U.S. investment bank Merrill Lynch, BofA, the alternation in France does not worry because "investors expect to conduct a moderate social policy".

Greece in the heart of concerns with the rise of extremist parties

Greece, whose people voted on Sunday for early elections, however crystallizes much more concern. Both sides pro-austerity, PASOK (Socialist) and New Democracy (right), who ruled together in a coalition since November 2011 collapsed in parliamentary elections Sunday, bringing together between 31 and 37% against more 77% in 2009, according to exit polls.

If they were confirmed, this collapse would make almost impossible the formation of a coalition government by both parties to continue the austerity dictated by the European Union and the International Monetary Fund. "The country's creditors (IMF, EU and ECB) may at least temporarily suspend their aid," worries Stephane Deo at UBS. "The government can more quickly pay its civil servants and pensions, which will lead to very high tensions on financial markets," he warns.

In >>> Direct: Soon the results of the second round of the presidential election between Sarkozy and Holland

Three months after the announcement of an agreement between EDF and other major shareholders of the second largest electricity producer in Italy, Consob said that "the price of EDF 0, 84 per share does not seem representative of the actual price agreed between the parties. "

She adds, in the notice published on its website a price ranging between 0.84 and 0.95 euros would be more consistent with "the notion of price paid" and that the median of this range , or 0.89 euros, can be "a useful reference point". 

Contacted by Reuters, EDF has made no immediate comment.

"Let's see what the French would say. But if we take as 0.89 euro price, the difference is about 60 million euros. It is nothing for a band like EDF" said a source close the file.

After months of negotiations, EDF had signed a preliminary agreement in late December supposed to ensure control of Edison. But he was then conditioned the implementation of the agreement to confirmation by Consob price of 0.84 euro per share Edison.

Under the terms of this agreement, EDF was, initially, increase from 50% to 80.7% its stake in Edison for 700 million euros, and then launch a takeover bid for the remaining shares.

The group led by Proglio then found that the agreement Edison valued at 0.84 euros per share.

In return, Edipower, which Edison owns half the capital and considered by some observers as the "nugget" of the Italian group, had to go completely in the hands of current shareholders of Italian , led by A2A.

At the head of the minority shareholders of Edison appears the businessman Romain Zaleski, through his holding company Carlo Tassara. 

The action ended in Edison 0.8735 euro Wednesday at the Milan Stock Exchange. In this course, the Italian group is valued 4.5 billion euros. In Paris, EDF finished at 17.2150 euros, a capitalization of 32.7 billion.

TNT said its management board and supervisory board would support unanimously the offer of 9.50 euros per share, higher than 0.50 euro to the initial offer submitted in February.

The largest shareholder group, PostNL, which holds 29.8% stake, has also expressed support for the operation, which will create a global leader displaying 45 billion euros turnover. 

The joint statement from both groups noted that the offer represents a premium of 53.7% over the closing price on February 16, the day before the announcement of the opening of discussions between the two groups.

UPS, already world number one, had long been interested in TNT in order to develop in Europe, including Britain, France and Germany.

The tender offer ends years of speculation about the future of the Dutch group, divided by PostNL, the Dutch post and the year listed separately last.

Faced with declining profits and the unfavorable business outlook for 2012, management of TNT was subjected to pressure from shareholders "activists" such as investment funds Jana Partners and Alberta Investment Management. 

Friday, UPS had said further discussions "constructive" with TNT, four weeks after the latter's rejection of its initial offer to 9.00 euros per share.

The U.S. group said Monday that the purchase of TNT will have a positive impact on its financial results for the first year and is sure to get all the official permits for the conduct out.

While President Barack Obama put on a new release of emergency stocks of the country to counter soaring fuel prices, experts note that the landscape changes logistical striking U.S. oil could complicate his plans.

Certainly, the fact tap into the four giant salt caverns on the coast of the Gulf of Mexico – which contain 700 million barrels of crude oil owned by the U.S. federal government – would almost certainly lower the world oil prices, easing to pump users and providing a boost to Barack Obama before the November election. 

Thursday, the price of crude has lost up to three dollars after information from Reuters that Britain was considering with the U.S. release of strategic oil reserves cal in the course of the year.

British officials have said that the timing and volumes contemplated are detailed by the summer, when oil prices often reach a peak.

But the logistics of such a release of crude oil to refiners volunteers is more complicated than ever: if there is little doubt that oil reserves are provided in emergency Ultimately buyers, it may reach them more slowly than does the government hope. 

The inversion of a key pipeline linking Texas to Oklahoma will reduce the capacity of the main cavern release of oil reserves, and John is Shages, responsible ; emergency stocks under the Bush and Clinton administrations.

SYSTEM OF ANOTHER TIME

The development of shale oil and crude oil imports from Canada's oil sands has transformed the landscape of Energy. The industry is now trying to move an overflow of oil from the center of the country to the Gulf of Mexico, reversing the logic that underpinned the organization of national strategic reserves .

Emergency reserves of the United States, created by Congress after the oil crisis in mid 1970, was in fact designed primarily to carry oil pipeline linking the Gulf to refineries in the region and other purchasers located further north.

"The fact that the pipelines go (now) to the south, not north is a major change," said Edward Morse, responsible for research on raw materials for Citigroup and formerly an expert e nergétique within the U.S. State Department. 

According to the Department of Energy, the U.S. strategic reserves may distribute the oil to 49 refineries with a capacity of more than five million barrels per day (bpd) – about one third of the total capacity of the country.

They are designed to release the oil within two weeks after order and to support a rate of one million bpd for a year and a half, helping to meet 5% of U.S. demand.

It can now free up oil at a maximum rate of 4.25 million bpd, due to damage to one of the storage tanks, said an official of the dice Department of Energy.

But oil industry analysts are skeptical. 

Edward Morse deems it unrealistic pace and stresses that have limited logistical problems last summer the flexibility of the government's release of 30 million bpd – the largest in history United States – in response to disturbances affecting the supply of Libyan oil.

The oil from strategic reserves while in competition with the already crude transported by pipelines or tankers, on waterways often overloaded, the logistical capabilities of the country could be insufficient to rapidly absorb millions of additional barrels.

The Energy Department had released an average 743,000 bpd in August.

The bank stress due to the dismantling of the debt crisis in the euro area, said in a statement that this operation is intended to strengthen the equity "hard" and Dexia its French subsidiary.

"The net result of the sale and implementation of the tender offer will be neutral in terms of liquidity and result in improved equity and hard of Dexia Credit Local ( DCL), "says the bank. 

Dexia had said late last year want to recapitalize its subsidiary DCL 4.2 billion, including € 2.5 billion through the conversion of subordinated loans s.

The Paris CAC 40 index ended on a note stable (-0.05% to 3410.00 points, which corresponds to an important point of resistance, the German Dax has yielded 0.08% Eurostoxx 50 and 0.05%. London ended down 0.24%.

The leaders of the European Central Bank (ECB) remain divided on the potential contribution of the central bank to restructure Greek debt, two sources said the area euro Wednesday shortly before the close.

Meanwhile, leaders of the three coalition parties had entered Greek government meeting to agree on the reforms demanded by donors of new exhibitions ; born in exchange for a second aid plan.

Meanwhile, the President of the Eurogroup, Jean-Claude Juncker, announced late in the day for convening a meeting of finance ministers of the euro zone Thursday in Brussels to decide outline a new plan of aid to Greece. 

Bank stocks remained the largest increases in Europe (0.56%), while having significantly reduced their earnings. Deutsche Bank took 1.53% and 1.16% BNP Paribas, the two largest increases in the Stoxx 50.

The profit taking continued on LVMH (-1.28%), which sold more than 4.3% since the end of last week of quarterly results has yet confirmed its good resistance to the crisis.

Sanofi fell by 1.7%. The company said results in growth in the fourth quarter of 2011, but 2012 will be more difficult with the loss of several patents of its major drugs.

The debt crisis in Europe has almost been forgotten that the U.S. also face their great difficulties on their debt. European stock markets closed sharply lower on Thursday. Paris (-3.4%, below 2900 points), Frankfurt (-3.5%) and London (-2.6%) fell sharply in the wake of Wall Street lost more than 2% at the end of the afternoon. Democrats and Republicans should agree on a plan to save 1,200 billion over ten years to hold their huge debt. But after two months of negotiations, they were still far from an agreement a few hours from the end of negotiations scheduled for Monday evening.

Congress had in effect established a commission to decide on a plan to reduce debt. Composed of twelve members of Congress – six Republicans and six Democrats – the "super-committee" was intended to relieve an abysmal debt that comes to exceed 15,000 billion (you can see it evolve in real time on the www . usdebtclock.org). The six Democrats proposed a plan for 2900 includes 1,300 billion billion tax increase, the six Republicans on the other hand opted for a plan of 2,200 billion euros, with "only" 200 billion of tax increases. Without ever reaching a consensus.

Why the lock?

This blockage occurs less than a year of presidential elections scheduled for November 2012.

Solidarity Minister Roselyne Bachelot on Wednesday presented the new contracts for seven hours to eleven recipients of RSA representatives of councils willing to experiment with this device, it was learned from the department. Departments candidates to experiment with these contracts, reserved to the people furthest from the labor market, are the Maritime Alps, Savoie, Haute-Savoie, the Vendee, the Channel, the Rhone, the Upper Rhine, the Lower Rhine, the Gold Coast, the Marne and Haute-Marne.Tuesday in Bordeaux, President Nicolas Sarkozy said that the contracts were intended to "restore dignity" to the beneficiaries of RSA.

The Nikkei gained 0.16% or 13.67 points to 8,514.47 while the Topix, larger yielded 1.17 points (-0.16%) to 729.13.

On the whole a week marked by a deepening debt crisis with the record level by the Italian sovereign bond yield, the two indices lost 3.3% and 3%.

Title Olympus finished down 4.96% to 460 yen after a volatile session.