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.
The rebound last Friday was just a distant memory in the first session of this eighth and the Milan Stock Exchange index closed the trading Mibtel fall by 0.31%. Particularly bad day for banks, but not for all, and asset management. Among the worst IntesaBci, for which there have been rumors of a possible exposure to the U.S. giant Merck. Same fate for Mediolanum, Bipop and Fideuram while Title BNL has sailed upward. Sales have ditched Alitalia and Enel on the item that the government could decide to go down in the capital of the two groups filing its shares. To penalize the airline was also the capital increase. The profit taking has also hit the luxury sector, Bulgari notably, Claire Kent, the luxury guru at Morgan Stanley, has declared that the findings reached by the securities industry will make it interesting again. Among the titles that have passed the test in positive, there were Saipem, STM, Ras, Alliance and Highways. Benetton also did well and Banco Popolare di Verona e Novara.
Lehman Brothers lowered its price target of Sanpaolo current 10.6 euros from 12.6 euros. Meanwhile, the investment bank has revised downwards its estimates for 2002 and 2003, given the continued weakness of the stock exchanges worldwide and the consequent weakness of asset management. Expected result is far too brilliant for the second quarter of 2002. The trial remains on the license market perform. At Lehman Sanpaolo expect to net income of 1.231 million for 2002 against a previous estimate of 1.513 million (in 2001 the profit was 1.388 million of euros). Even the 2002 EPS was lowered to 0.66 from the previous 0.81.
red sign for the two protagonists of the French car market, hit by bad data on registrations transalpine the month of June. Last month, in fact, the French market has witnessed a 10% drop in registrations of new cars over the same period last year. Peugeot at the Paris stock exchange marks a decline of 0.29% to 52.4 euros, while the title of the rival Renault marks -1.06% to 46.85 euros.
Monday will come into force next July first changes to the regulations of the Italian Stock Market. As for the STAR list where an audit firm issues an adverse opinion or be unable to judge the Italian Stock Exchange reserves the right not to admit or exclude from the segment of the issuer.
The titles of the American group at Xerox are Xetra collapse in the wake of new allegations of irregularities in the accounts of the budget. The action when exchanges in Frankfurt at 4.94 euros (-36%). According to reports, a new revision of corporate accounting irregularities would have highlighted for about $ 6 billion in revenue, compared with 3 billion raised in April after an investigation by the Sec
The heavy downhill race of the Milan Stock Exchange (Mibtel -2.44%) overwhelms even the titles of the banking sector. Sales are then cut down Sanpaolo, which yields 3% to 9.5 euro, to BNL -3.17% to -2.51% and Montepaschi the same title as Unicredito -1.73% to 4.42 euros the favorite market experts within the group of banks.
Improves Numtel future thanks to Americans who have returned to equality. Tiscali, which also share in the morning had reached 6.42 euros, changing hands at 6.74 euros, up by 1.4%, maximum session. Already good pieces that are exchanged and more than 800 thousand pieces for a title that yesterday had closed down 6% with volumes above the monthly average. The movement of yesterday and today, characterized by strong changes dierzionali should be linked to the closure of positions in derivative instruments, given that today is a day of deadlines tencniche. Also likely to close positions, “short”.
