Insurance all risksCaution is the mother of safety

A misfortune never comes alone. With news from several quarters due to the catastrophic delays widebody A380 and difficult gestation of the A350, Airbus ends the year 2006 in losing his Crown of champion of civil aeronautics. Boeing should largely behind the European for the first time for six years in the number of ordered aircraft. In addition, EADS subsidiary may not even really is comfort through deliveries. Of course, it will be again last year delivered more equipment than its American competitor. But, thanks to the choice of Boeing, who developed the gum on widebody aircraft, its net sales revenues will be higher than those of his rival. And as the winds can rarely recover flight delays at take-off, Airbus has, it seems, still several years of difficult landings before him. Whether future A350 XWB and A380, it will take much time to the European champion to compete properly offers equivalent of Boeing, significantly more advanced. Stock market recovery recorded by EADS, in recent months could appear premature in view of tomorrow who should realize.

A gracious competitor

Is often needed a smaller than itself. A priori, it is of interest that may make its agreement with EDF Poweo. But one might ask why the French champion of electricity makes the short scale to its modest competitor. In fact, each will find his account. By obtaining, as early as this year and for fifteen years, the provision of 160 megawatts of nuclear origin, Poweo secures part of its supplies at an interesting price. By providing the same amount of electricity generated in a gas plant to EDF as of 2009, the group headed by Charles Beigbeder does not solve only part of the problems of the number a Frenchman at the peak of production. Poweo especially allows EDF to comply, in good balance, the vow of Brussels to give its competitors access to part of its nuclear fleet. With its current Professional client 78.000 and its goal to conquer 1.5 million individuals by 2010, Poweo is a small competitor, compared to the 28 million customers of EDF. Nothing to do with the ambitions of SFM, the top of its 11 million French subscribers to gas and if it succeeds to play synergies with his fiancée Suez Central Park, hopes cutting cruppers to EDF and provide 5 million individual clients in electricity.

Insurance all risks

Caution is the mother of safety. Investors seem to look with eyes of insurers insurance! 2005 was a euphoric year on stock plan. Large values were sold because the markets were convinced that the austerity to tighten bolts to win money by his trade and playing in the stock market could permanently bear fruit. 2006 is more mixed. The German giant Allianz resumes so logically the head of the European ranking because the efforts made to redress its insurance activities and Germany Bank had been hard and cash to reassure. AXA, first mayfly in 2005, in contrast, seems to suffer daring found with the conquest of Winterthur, despite excellent results. As if the promises induced by the arrival of the Swiss in its fold were overshadowed by a generous purchase price and saints Thomas of the Fellowship wanted to give time to decide on parts. Generali, clearly outpaced by the first two, remains in a more consistent with its size changed. AGF, however, climbs more than 40 for the second consecutive year and now weighs as much as Aegon, is probably to his brilliant results as well as the prospect of resumed, at 100, by its parent company Allianz.