the CGT of Sanofi considers the payment of nearly 4 billion euros in dividends “scandalous”

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6.45 p.m. – The stock market crisis has attracted new investors to the stock marketMore than 150,000 new individual investors entered the French stock market between the end of February and the beginning of April, which was then particularly affected by the health crisis, reveals an AMF study.

“If some of the individuals were already active on the stock market in the months before the coronavirus crisis, more than 150,000 investors were listed” on the SBF 120 index “for the first time since January 2018,” said the Financial markets authority, which insists on the significantly different profile of these newcomers.

“These new clients are between 10 and 15 years younger than the usual investors in French equities” and “have invested smaller amounts than usual investors”, according to her.

6:25 p.m. – UEFA releases 236 million euros to help its 55 member federations

UEFA has announced the payment of 236.5 million euros to its 55 member federations to help them overcome the difficulties.

This aid comes from the HatTrick program which helps support football development projects in each federation, explains the authority.

Each of the 55 European federations will receive 4.3 million euros and will be able to use them by defining “his own priorities” to cope “the negative impact of coronavirus on football at all levels”.

6.15 p.m. – The CGT of Sanofi denounces the payment of nearly 4 billion euros in dividends

The CGT of Sanofi denounced the planned payment of nearly 4 billion euros in dividends to shareholders of the pharmaceutical giant, which appears on the agenda of the group’s annual general meeting organized on Tuesday.

Judging “scandalous” the payment of these dividends, the union wants this amount to be “devoted to current health needs” caused by the pandemic, he said in a statement.

“The management may trumpet that Sanofi will pay 100 million euros to hospitals, this sum represents only 2.5% of the astronomical amount of dividends” and this envelope of 100 million euros “does not even correspond to the credits of taxes collected each year by Sanofi in France [119 millions d’euros en 2019]”, protests the CGT.

The group, “by paying 3.95 billion euros in dividends, will enrich hundreds of millions of tens of shareholders [Bettencourtfamily:120millioneurosBlackRock:200millioneuros)[familleBettencourt:120millionsd’eurosBlackRock:200millionsd’euros)who make their fortunes through speculation “, while “Billions of people are waiting for urgent treatment, not just for the Covid-19”, criticizes the union.

6:05 p.m. – Casino CEO will cut his compensation by 25% in April-May

Jean-Charles Naouri, CEO of Casino, has decided to decrease his compensation by 25% for the months of April and May 2020. The fixed compensation of the CEO and all executives will not be increased in 2020.

5:55 pm – London increases aid to SMEs

The British government has unveiled a new 100% guaranteed SME loan scheme to help more businesses.

Finance Minister Rishi Sunak, under pressure to help more the most vulnerable businesses, presented this mechanism to the House of Commons.

In detail, this device is easy to access with a simple form to fill out to obtain a loan equivalent to 25% of turnover and an amount between 2,000 and 50,000 pounds, without interest for the first 12 months .

5:50 p.m. – LAirbus survival at stake, says president

Airbus has raised gloomy prospects linked to the impact of the crisis, asking its 135,000 employees to prepare for larger cuts than expected [voir ci-bas, information de 16h05] because the group’s survival is threatened if it does not act immediately.

In a letter to staff, which Reuters was able to consult, Guillaume Faury, the executive chairman of Airbus, indicates that the European aircraft manufacturer “is losing money at unprecedented speed” and that a drop of a third or more in production is not the worst case scenario, the company being likely to re-examine this plan.

5:40 pm – The Paris Stock Exchange ends up sharply

The Paris Bourse started the week on a sharp rebound (+ 2.55%), galvanized by the new support measures from the Bank of Japan (BoJ), pending the verdicts of its European and American counterparts later this week .

The CAC 40 index gained 111.94 points to 4.505.26 points, in a low trading volume of 2.5 billion euros. Friday, it had ended in net decline (-1.30%).

5.30 p.m. – 2 to 3 years before air traffic returns to normal, estimates the boss of Boeing

World air traffic will not return to its pre-pandemic level for several years, said David Calhoun, the boss of Boeing, advancing two to three years, at the group’s annual meeting.

Calhoun also announced that it would take between 3 and 5 years before Boeing’s dividends are restored.

In addition, the aircraft manufacturer will not be able to save a new loan within six months to overcome the consequences of the pandemic.

Also read: Boeing abandons the acquisition of Embraer’s civil aviation division

5:15 p.m. – To preserve its cash, General Motors suspends its dividends and share buybacks

General Motors, affected like other automakers by the pandemic, announced that it was suspending the payment of dividends and its share buyback program, which is usually used to reward its shareholders.

The American group, which underlines in a press release to have also taken “other significant austerity measures” without specifying which, wishes “preserving available cash in the short term”.

To further strengthen its financial strength, GM also extended a $ 3.6 billion three-year line of credit until April 2022.

5 p.m. – Treatment: tocilizumab effective for patients in serious condition, according to the AP-HP

The immunomodulatory drug tocilizumab has shown to be effective to prevent “the inflammatory storm” in patients with Covid-19 in a serious condition, according to a French study not yet published, the first results of which have been revealed.

This treatment has reduced “significantly” the proportion of patients who had to be transferred to intensive care or died, compared to those who received standard treatment, said the Public Assistance-Hospitals of Paris (AP-HP).

These results have yet to be “consolidated” and will be published in a scientific journal in a few weeks. But the AP-HP explains that it has decided to make them public now “for reasons of public health”.

4:45 p.m. – American meat giant warns of supply

The American meat giant Tyson Foods has expressed concern about the disruption of the food supply and distribution chain after the closure of several slaughterhouses in the United States due to the pandemic.

In an insert published Sunday in the New York Times, the Washington Post and the Arkansas Democrat-Gazette, the chairman of the group’s board of directors, John Tyson, estimated that “the food supply chain is breaking”.

“We have a responsibility to feed our country. It is as essential as medical care. Our factories must remain operational to supply American families,” said Tyson, who warned that “millions of pounds of meat “were at risk of disappearing if the closures continued.

4:35 pm – EU: postponement of the Green Pact would be a “tragic error”

The European Commissioner for the Economy, the Italian Paolo Gentiloni, warned that a postponement of the project of Green deal, the European Green Pact aiming at carbon neutrality by 2050, would be “a tragic mistake”, evoking strong oppositions “political and cultural”.

“Politically and culturally, we will have strong opposition who will say that after this coronavirus crisis, this is not the time to talk about Green Deal, that we should talk about it in ten years,” said the Commissioner during a hearing by videoconference before the Senate Committee on European Affairs.

“I think it would be a tragic mistake”, assured Mr. Gentiloni, at a time when countries and companies are starting to ask for a postponement of this Green Pact to revive the European economy put on hold by the epidemic.

Also read: The urgency of a “Green New Deal”

4:30 p.m. – Adidas warns of 40% drop in second quarter sales

Adidas said it would be more affected by containment measures in the second quarter, with sales expected to drop 40% after falling 19% in the first quarter.

The German sports equipment manufacturer said that more than 70% of its stores are currently closed worldwide. The 35% increase in online purchases in the first quarter, notably in China, only partially compensated for lost sales since its turnover fell to 4.753 billion euros during the quarter, which is much lower than the analysts’ average forecast of 4.85 billion.

Despite the reopening of Chinese stores, Kasper Rorsted, the group’s CEO, said he did not expect a full recovery in China until the end of the second quarter.

4:20 p.m. – United States: Nancy Pelosi favors a guaranteed minimum income

Nancy Pelosi, Democratic President of the US House of Representatives, said she was in favor of a guaranteed minimum income if the distribution of aid to deal with the coronavirus proved ineffective.

“Let’s take a look at what works, what works and what needs a review. A guaranteed minimum income has been suggested. Is this idea worth considering now? Perhaps, because there are a lot more people, beyond small businesses and the people employed by them […], who may also need help, “she said in an interview with MSNBC.

4:10 pm – Wall Street, optimistic about the economic recovery, opens higher

The New York Stock Exchange rose sharply at the opening, encouraged by the hope of seeing the economy reopen soon at the start of a week rich in results of companies and meetings of central banks: the Dow Jones gained 0 , 54% and Nasdaq 0.92%.

4:05 p.m. – Airbus: possible further production cuts, warns management

Airbus executive chairman Guillaume Faury prepared employees of the aeronautical giant for possible new measures to reduce aircraft production here “two to three months” in front of the “magnitude” of the crisis, in a letter to employees.

In early April, the manufacturer announced a reduction of production by around a third to adapt to falling demand with the emergence of the coronavirus that has nailed most airlines to the ground.

He estimated that this new production schedule would remain valid “between two and three months”, the weather “to finalize our assessment of the situation and draw the consequences”.

3:50 p.m. – Apple to delay production of new iPhones by a month

Apple to delay mass production of new iPhones for about a month, generally due to start in September, due to pandemic affecting global demand and disrupting factories in Asia, Wall Street reports Journal, citing sources close to the file.

The Californian group, however, still plans to launch four iPhone models by the end of the year, adds the American economic and financial daily.

Also read: Apple launches new $ 399 iPhone

3:40 p.m. – EU to relax prudential rules for banks

Banks in the European Union will benefit from a relaxation of their accounting rules in order to free up capital to facilitate credit without having to proportionately increase provisions for bad debts, Reuters learned from several sources.

These measures are supposed to offer the sector a wider margin of maneuver to grant credits to companies facing the economic fallout from the epidemic.

3:35 pm – Globalization has not said its last word, believes Pictet AM

The fear that the stop to world trade by containment measures will persist after the crisis is not necessarily justified, it is said at Pictet Asset Management.

“There are good reasons to think that, even if the network of international economic relations will probably change, perhaps significantly, trade will not be damaged catastrophically,” writes Patrick Zweifel, chief economist at Pictet AM, in a note.

“On the contrary, part of the flow of physical products will be replaced by digital services”, he said, arguing that the crisis may have given additional impetus to automation as well as to technologies enabling remote working or even commerce and online training.

Also read: Covid-19: four weak signals from the world after

3:25 p.m. – Norwegian presents its rescue plan, the shareholders highly diluted

Low-cost carrier Norwegian Air Shuttle has released details of its debt-to-equity bailout plan that will reduce the share of current shareholders to the minimum.

If approved, the plan will dilute the share of existing shareholders to 5.2% of the new round.

3:20 p.m. – Historical increase in registrations at Pôle emploi with confinement

Reflecting the violent shock on the containment economy, the number of unemployed registered a historic increase in one month in March (+ 7.1%), pushing the government to announce a “quick adaptation” unemployment insurance rules [voir ci-bas, information de 13h30].

In March, the number of job seekers registered in category A increased by 246,000 to reach 3,732 million, erasing the declines of January and February before the crisis and reaching a level close to that of September 2017.

Also read: Unemployment: the number of job seekers has exploded with the pandemic

3.15 p.m. – Sanofi and Regeneron reduce the ambition of a clinical trial

The French laboratory Sanofi and the American Regeneron, who are testing the effectiveness of their drug Kevzar in the treatment of severe forms of Covid-19, will, in the light of initial results, limit the rest of the tests to the most serious cases.

“The phase 3 trial”, ie the massive testing stage, “will be modified to include only” critical “patients” and no longer “less severe” severe “forms, both groups said in a statement.

This decision was taken in the light of the results obtained following phase 2 of the trial, which aims to give a first idea of ​​the therapeutic efficacy of a treatment.

Also read: Covid-19: Sanofi and GSK join forces to find a vaccine

3 p.m. – Bercy plans 26 million masks for the general public per week by the end of April

[Près de la moitié de ces masques seront importés et le reste produit en France. Crédits : Éric Gaillard.]

France will have more than 26 million masks for the general public per week by the end of April, of which almost half are produced in the country, as well as 20 million sanitary masks for professionals by the end of May, said Bercy.

“With the rapid ramp-up in production and the increase in imported volumes, more than 26 million masks for the general public, most of which can be reused 20 times, will be made available each week from the end of April”, said affirmed the Secretary of State for the Economy Agnès Pannier-Runacher during a press conference by telephone.

According to her, almost half of these fabric filter masks, most often washable and reusable, will be imported and the rest produced in France thanks to “exceptional mobilization” of the textile industry, with 242 companies that will manufacture them.

2:50 p.m. – Six sectors recruiting during confinement

Six sectors currently share more than 310,000 job requests, according to data recorded by Qapa, an online recruitment platform for temporary positions. In detail, the first sector to offer jobs is agriculture (200,000 recruitments of “versatile workers”), in particular in Occitanie, Rhône-Alpes, PACA, followed by logistics (35,000), in Ile-de-France , Rhône-Alpes and in the North. Then, recruiters are found in the mass distribution sector (30,000), the food industry (20,000 recruitments), health and social work (15,000) and hygiene and cleanliness (10,000).

To carry out this count, Qapa indicates that it has compiled data from the Ministry of Agriculture, the national association of food industries, the “MobilizationEmploi” platform as well as its own data.

Also read: Unemployment in Europe: the already staggering gaps before the crisis could worsen

2:35 p.m. – UFC-Que Choisir requests a general reduction in auto insurance premiums

Insurers must reduce the contributions requested from individuals to insure their vehicles, judges UFC-Que Choisir, a consumer association, on the grounds that the coronavirus crisis is driving down traffic and therefore the number of accidents.

Faced with the budgetary crisis facing households, UFC-Que Choisir requests the public authorities that the savings of insurers fully benefit the insured“the association said in a statement.

His reasoning is as follows: road traffic has dropped following the confinement imposed since mid-March to combat the spread of the coronavirus. Car and motorcycle accidents have drastically decreased, in turn reducing the compensation that insurers have to pay.

2:20 p.m. – 110 deputies call for restaurants to be reopened in three stages

A hundred majority deputies have handed over to the government “a spontaneous report” for “save the tourism sector“, recommending in particular the progressive reopening of restaurants after May 15, said the co-chair of the Assembly’s” Tourism “group.

The deputy Pascale Fontenel-Personne (related LREM), mentions 150 proposals co-signed by 110 deputies “of the enlarged majority“, from LREM and MoDem as well as from UDI-Agir.

Among these proposals is a request to reopen restaurants after the deconfinement on May 11 in “three steps“subject to the evolution of the pandemic: May 15 for departments in”under-mortality“, June 1 for departments”moderate mortality“and June 15 for the departments”with high mortality“.

Also read: Deconfinement: the main recommendations of the Scientific Council

2:15 p.m. – “Why is Air France the only French company to benefit from such support?

French airlines in turn claim state aid with “one billion euros fund“, after the support of 7 billion granted to Air France.

Other companies “encounter the same difficulties as Air France and are just as concerned with renewing their fleets to improve their competitiveness and participate in the ecological transition“, said the Union of Autonomous Airlines (Scara) in a press release.

“Why is Air France the only French company to benefit from such support?“, asks the State the union which brings together eight French airlines, based in mainland France and in the overseas territories, as well as airport assistance companies.

Also read: Air France: why the State loan may not be repaid

Also read: France supports Air France with € 7 billion: “it’s not a blank check”, says Le Maire

2:00 p.m. – A toll free number for psychological support for business leaders

The government has set up a toll-free number (0 805 65 50 50) open every day from 8:00 am to 8:00 pm, for business leaders in “situations of extreme distress that they cannot face alone“, the ministry said in a statement.

Also read: Covid-19: a psychological support unit created for business leaders

1:30 p.m. – New discussions coming up on unemployment insurance

The Ministry of Labor announced in a statement wanting to hire “reflection with the social partners” for “adapt quickly“the unemployment insurance rules in the face of”exceptional location“created by the coronavirus.

Unions unanimously demanded, even before the health crisis, and even more since, that the government abandon its unemployment insurance reform entirely.

Also read: Unemployment: the number of job seekers has exploded with the pandemic

12:00 pm – The Paris Stock Exchange positive at the start of a busy week (+ 1.91%)

The Paris Bourse has regained a taste for risk (+ 1.91%) at the start of a busy week in terms of monetary policy, statistics and corporate publications. At 09:33, the CAC 40 index advanced from 86.25 points to 4,479.57 points. Friday, the Parisian place had ended in net decline (-1.30%).

11.54 am – Masks on sale in pharmacies from today

From this Monday, “general public” masks can once again be sold in pharmacies, according to a decree published in the Official Journal this Sunday. These are cloth masks, washable and reusable. Please note, not all pharmacies have had time to stock up.

11:23 am – Air France rescue is not a “blank check”

The state will implement a seven billion euro aid plan to help the airline cope with the consequences of the coronavirus crisis. For some, it is the fear of forgetting the government’s ecological commitments. “There is no blank check“, said Minister for Ecological Transition Elisabeth Borne on Europe 1.

There cannot be state support, with French money, without the company’s ecological commitment“The Minister then detailed the measures envisaged for a” 50% reduction in CO2 emissions By 2024: renewal of aircraft, biofuels or a reorganization of the network, to limit feasible journeys by train, for example.

10.49 am – Boris Johnson calls on British to continue to respect containment

The curve of the coronavirus epidemic “begins to reverse“in the UK but the British must continue to comply with containment measures to avoid an upsurge,” said Prime Minister Boris Johnson in his first speech. since his recovery from the coronavirus.

WATCH LIVE: PM @BorisJohnson makes a statement outside 10 Downing Street https://t.co/rTLBCBzvDo

– UK Prime Minister (@ 10DowningStreet) April 27, 2020

“We are now starting to reverse the trend” said 55-year-old Conservative leader 10 Downing Street, who is under pressure to reveal his strategy for changing containment, which has been in place for over a month.

Also read: Unemployment in Europe: the already staggering gaps before the crisis could worsen

10:32 am – Two million Australians downloaded an app to track coronavirus cases

Nearly two million Australians have downloaded a smartphone app to track contacts with people diagnosed with coronavirus, the government said.

Australian Health Minister Greg Hunt said “extraordinary“The way in which his compatriots adopted this application launched on Sunday evening.” COVIDSafe “, which uses Bluetooth technology, conquered nearly 1.9 million people in less than 24 hours.

9:58 am – Mortality in intensive care would be higher than announced in France

While the Directorate General of Health announced a mortality of around 10% in intensive care, the rate would rather be between 30% and 40%, according to data from the European network of artificial ventilation (REVA) published by The world. In question ? The numerous complications that the epidemic can cause, both vascular and inflammatory. Long-term studies must be carried out to confirm this figure.

9:34 am – Bayer – profits on the rise thanks to coronavirus

The German chemicals and pharmaceuticals group Bayer announced an annual profit up 20% in the first quarter of 2020, benefiting from a “greatly increased demand” in the health sector due to coronavirus.

This profit stood at 1.5 billion euros. Group sales for the first quarter amounted to 12.8 billion euros, up 5.7%.

8:30 am – Deconfinement: the home straight for the government

The French government has multiplied in recent days consultations to refine its perilous deconfinement plan, in particular with local elected officials, and is working on the final arbitrations on the eve of its official presentation before the deputies.

The stakes are high since it involves determining the conditions under which the activity and daily life of the French will be able to restart from May 11, the date chosen by the executive for the progressive deconfinement of the country. After the presentation of the “national strategy of the deconfinement plan” by Prime Minister Edouard Philippe Tuesday afternoon in the National Assembly, a debate and a vote are planned.

Also read: What future for the new industry of mask manufacturers?

8:16 am – AlloCOVID, a “virtual agent” to inform and monitor the epidemic

Researchers from Inserm and the University of Paris are launching a national number, AlloCOVID, intended to “inform and ensure real-time monitoring of the epidemic thanks to artificial intelligence”, seven days a week and 24 hours out of 24. People over the age of 15 wishing to check whether their health profile or state requires special attention can now contact AlloCOVID on 0 806 800 540 at the cost of a normal call, “as many times as their condition requires” , specifies a press release.

“They will then be put in contact with an” intelligent “virtual agent, capable of synthesizing the medical information transmitted and orienting it on their susceptibility to being reached or not by the Covid-19 “, he adds, adding that the service was” free “. The digital assistant is also able to “detect the signs of severity of the disease, as well as vulnerable patients requiring special attention”, he emphasizes.

Also read: Coronavirus: marked decrease in the number of daily deaths in France

8:11 am – Egypt requests IMF financial support

Prime Minister Moustafa Madbouli announced on Sunday that his government has entered into negotiations with the International Monetary Fund (IMF) for one-year financial assistance to tackle the recession caused by the coronavirus pandemic.

Also read: StopCovid: the CNIL calls for vigilance

8:01 am – The threshold of 200,000 deaths crossed, downward trend in Europe

The four European countries most affected by the Covid-19 pandemic posted Sunday’s daily death tolls sharply lower, at a time when Europe is cautiously starting to break out of containment against the new coronavirus which has infected nearly three million people in the world of which more than 200,000 have lost their lives.

After six weeks cloistered at home, the little Spaniards were able to start playing on the street again on Sunday. Days and days they waited for that! “The children got up early asking when we were going to take to the streets,” said Miguel Lopez, father of two children aged three and six in Madrid.



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