{
}
Franchising in France has seen significant growth, with 92,132 outlets generating €88.49 billion in sales and creating nearly 1 million jobs. Franchisees operate independently while benefiting from established brands and support, with average earnings around €35,325 annually. Profitable sectors include healthcare, corporate services, and real estate, offering lucrative opportunities for self-employed individuals.
Air France-KLM, a leading global airline, reported net sales primarily from passenger and cargo transport, accounting for 85.4% of its activities, with 72.1 million passengers and 0.9 Mt of cargo in 2023. The group also operates low-cost services through Transavia, carrying 21.5 million passengers, and offers maintenance services. By the end of 2023, the fleet comprised 551 aircraft, including 271 owned and 280 leased, distributed among Air France, KLM, and Transavia.
UBS anticipates a slight decline in Paris traffic due to a potential increase in aviation taxes, estimating a headwind effect of a few percentage points over the coming years. The broker suggests that demand elasticity is closer to 0.2x, indicating a 2% drop in volumes for a 10% fare increase, particularly for low-cost routes. Additionally, a 1% change in traffic is projected to impact the Group's EBITDA by approximately 1%.
UBS anticipates a few percentage points drop in Paris traffic due to a potential increase in aviation taxes, which could act as a significant headwind. The broker suggests a more realistic demand elasticity of 0.2x, indicating that a 10% rise in ticket prices could lead to a 2% decline in volumes, particularly affecting low-cost routes. Additionally, a 1% change in traffic is estimated to impact the Group's EBITDA by around 1%.
A group of campaigners is urging the U.S. Department of Labor to revoke UBS's exemption from regulations that allow it to manage American pension assets, citing the bank's history of nearly 100 offenses and $20 billion in penalties since 2000. UBS, which has submitted a 500-page application to extend its exemption, argues that past issues were due to individual staff actions. The bank has faced significant legal challenges, including a €4.5 billion fine in France for tax evasion and a $46 million settlement over antitrust allegations.
Activists are lobbying the U.S. Department of Labor to revoke UBS's exemption from regulations that allow it to operate in the U.S. pension market, citing the bank's history of nearly 100 offenses and $20 billion in penalties since 2000. UBS, which has faced significant fines for tax evasion and collusion, is seeking to extend its exemption, which expired in June. Critics argue that the financial penalties are insufficient to deter criminal behavior, as they often prove more profitable than the fines incurred.
UBS maintains a "Buy" rating for Air France-KLM, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has no involvement in the analysis preparation and holds no conflicts of interest regarding the investment recommendations provided.
UBS has reaffirmed its 'buy' recommendation for Air France-KLM, maintaining a price target of 12.75 euros, indicating a potential 50% increase in the airline's share price. However, the broker cautions that proposed increases in French taxes could impact the airline's network and tax base outlook.
UBS has raised its price target for adidas, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy to ensure objectivity.
European countries and foundations have pledged nearly USD 700 million and reaffirmed commitments of USD 300 million to the WHO, emphasizing the need for sustainable funding to enhance global health initiatives. Key figures, including German Chancellor Olaf Scholz, announced significant contributions during the World Health Summit in Berlin, aiming to support WHO's investment cycle and its mission to improve health worldwide. The event highlighted the urgency of mobilizing resources ahead of the G20 Leaders' Summit next month.
FRA
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
growth of self-employment and franchising in the french economy
13:58 14.10.2024
Air France-KLM reports strong performance in passenger and cargo transport
11:53 14.10.2024
aviation tax increase may reduce paris traffic and impact ebitda
11:35 14.10.2024
aviation tax increase may reduce paris traffic by several percentage points
11:34 14.10.2024
campaigners seek to revoke ubs exemption from us pension market
Euro
United States Dollar
Credit Suisse Anlagestiftung
UBS SA
FRA
CHE
USA
James Henry
Mark Potter
Show more
11:33 14.10.2024
activists seek to block UBS from accessing US pension market
Euro
United States Dollar
Credit Suisse Anlagestiftung
UBS SA
FRA
CHE
USA
James Henry
Credit Suisse
Show more
11:31 14.10.2024
Air France-KLM Receives Buy Rating from UBS Amid Market Analysis
11:08 14.10.2024
ubs maintains buy rating for air france klm with growth potential
11:08 14.10.2024
adidas receives price target increase from UBS analysis report
10:37 14.10.2024
global leaders pledge nearly 700 million USD to support world health organization
United States Dollar
Euro
Sanofi
Novo Nordisk A/S
Boehringer Ingelheim KG
GRC
FRA
NLD
ESP
DEU
FIN
IRL
DNK
MRT
MLT
MNE
EST
NOR
GBR
LUX
Kristen Michal
Ursula von der Leyen
Milojko Spajić
Olaf Scholz
Jonas Gahr Støre
Show more
09:00 14.10.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
CEO Changes
Retail and Consumer Goods
Market Analysis and Predictions
Banking Regulations
Industry Mergers & Acquisitions
Global Trade Developments
Energy Sector Developments
Startups & Entrepreneurship
Government Policies
Supply Chain Management
Financial Scams and Security
Domestic Politics
Government Economic Policies
Central Bank Actions
Hedge Funds & Private Equity
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
BNP Paribas SA
UBS Group AG
NVIDIA Corporation
Morgan Stanley
Bank of America Corporation
Capital One Financial Corporation
The Goldman Sachs Group, Inc.
Deutsche Bank RV Global PP
Amazon.com, Inc.
Citigroup Inc.
Commerzbank AG
SpaceXCoin USD
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
UniCredit S.p.A.
Microsoft Corporation
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
United Arab Emirates Dirham
Japanese Yen
Singapore Dollar
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Russian Ruble
Ghanaian Cedi
Canadian Dollar
People: