In a market in disarray reappears timidly in positive terrain Title Saipem. The listing of a subsidiary of Eni is marking +0.01% to 7.26 euros. Meanwhile, the company has signed a contract with Norway’s Statoil offshore drilling worth about $ 160 million.
Axa will focus more on internal growth rather than focus on new acquisitions. ” He said this morning Henri de Castries, chairman of French insurance group, who added that by the end of 2002, Axa will be able to reduce its debt of 700 million globally. Morgan Stanley, meanwhile, has downgraded the title insurance company bringing it to underweight from equalweight inline inline, indicating a price target to 15.9 euros. The rating comes from the downward analysts’ doubts about the decision by Axa wanted to give birth to a new capital increase, highlighted by Morgan Stanley, will reduce the ability of the group as they may lack the funding to implement it.
Analysts have confirmed the opinion of Rasfin buy the title in the giant Eni. The group has signed an agreement with the state company Croatian INA, for the joint exploitation of oil fields located offshore Croatian 5. Are investments of 320 million euros and the production will be launched at the end of 2004. The operation is judged as positive Rasfin within the terms of the strategic plan recently confirmed by Eni. Furthermore the development of gas reserves offshore in Croatia is synergistic with existing structures and offshore in the industrial area of Ravenna.
Just moved the title Premafin after the announcement that the board of the company, convened on July 11, will take decisions on a capital increase from 250 million euros, partly by issuing new securities (150 million), partly through the issue of convertible warrants (100 million). Among the objectives of the capital to buy a share pacchertto Sai towards the latter’s merger with the land. A sale at 1, 15% at 1.49 euros, exchange content.
minimum day traveling on the two operating companies of the group Olympia. Tim is leaving the field to 1, 82% with the title changing hands at 4.10 euros, while Telecom Italy is a decrease of 2.43% trading at 7.83 euros. In sharp drop also the holding company of Ivrea: Olivetti is in fact losing 2.73% to 1.0680 euros. European players in the red even with Deutsche Telekom which yields 2% and France Telecom is down 4%.
Merloni tightens the strings with their English subsidiary GDA (Hotpoint), which has acquired 50% of Marconi earlier this year. Fabriano The company announced it had perfected a system of put and call options with General Electric (owner of the other 50% of the shares). Melons have the possibility to buy (and sell GE) 50% of capital in the hands of American partner since January 2003 and for seven years.
In light of the events that are characterizing the evolution of Title FinPart (the quotation from January to now has lost 50% of its value) Gianluigi Facchini, president and shareholder of the group, and Silvano Storer to group, confirms that the company’s fundamentals are solid and companies in the group continue on their path of growth. In light of what is happening on the course title FinPart reserves the right to formally present the situation to supervisors in order to determine whether negotiations on the title were made in compliance with laws and regulations.
There is much anticipation for the publication of quarterly data from Nokia, the Finnish company will announce tomorrow. Today, the title marks a slight rise of 0.08% to 13.05 euros. Performance not fallen from its operator intervention on the title. Better performance for the title instead of the rival Ericsson, the Swedish company marks a rise of 1, 56%, passing from hand to 19.5 Swedish kronor.
