Brazil is going through a particularly difficult, with Real on record low against the dollar and the stock indexes down 20% in a couple of weeks. You are recording a massive flight of capital from the South American country due to concerns on the profits of local firms and still very precarious political balance, with the leftist candidate Lula in the lead in the polls for presidential elections in October.
Ready to days the bond that Tiscali will launch on the market. The bond will be worth 150 million euros and will be listed in Luxembourg. “The purpose of this bond,” says Renato Soru, President and CEO Tiscali, “is to relax and consisting largely because our cash is bound to guarantee to previous acquisitions. In addition, we may decide to use part of collection of the bond, between 30 and 50 million euros, for a buy back bonds on bonds already issued and to seize any opportunity to purchase in Europe, but of small realities.
Inferentia reported strong revenue growth (+195%) over the first 9 months of 2001 due to the intense campaign led to acquisitions made in the group not to be more comparable with the previous year. The aggregate turnover, as this reflects the reality not yet established but under full control of the parent during the first 9 months of 2001 was 54 million euros against a sheet total of 25.7 mil Euro. Margins still negative net financial position has become passive for 14.8 mil euros (+35.1 to December 2000) for the consolidation of acquired companies with its negative (DNM), or disbursements from acquisitions. The company argued that the process of integration will be completed by the end of 2001 and will return to marginally positive in 2002 (Economic conginutura permitting). the moment the title salt 2.79% to 20.6 euros.
On the agenda for today’s board HDP, pending a meeting between a series of hypothetical sale of subsidiaries that are far from realized. The sale of Valentino has in fact been set aside for the moment while buyers Fila have dissolved like snow in the sun. Meanwhile hdp think of publishing and this strengthening has participated in the invitation to tender for the sale of Sole24Ore Italy Radio Network and Radio Cnr.
The three major German banks, Dresdner Bank, Commerzbank and Deutsche Bank, yesterday confirmed their intention to merge their activities in the real estate division. The new company resulting from this synergy will be called Eurohipo and will be held as to 35% by Deutsche Bank, while the other two institutions controlled 30% apiece. Alongside this announcement, the heads of the three German banks have confirmed the next cut of about 800 employees currently working in the technology sector. The financial stocks of the three banks today do not seem to suffer from this news: Dresdner loses 0.2% and Commerzbank 0.9%, while Deutsche Bank is growing by a slight 0.1%.
The title of Marcolin, a company active in the eyewear industry, is suspended for excessive increases. “The growth of the action does not depend on new data, because lately have not been published further results,” says an analyst in a note sim Milan, “the explanation is rather due to the fact that the title is realigning the trend of other sector actions, like Luxottica, although it has key less interesting. ” The title is trading at 1.69 euros, scoring an increase of nearly 6%.
Booster Cir: the title that year to date rose by 2.36%, is currently realizing a gain of 3%. The good performance of the title, which has also fueled the rise of the parent Cofide (+2%) is attributable to the birth of Cirlab, the future Silicon Valley created by Italian Rodolfo De Benedetti in late November. The ‘incubator’ should begin operations later this year with the launch of six Internet companies operating in business-to-business and WAP. Meanwhile, the CIR has been the staff of the summit, which will be headed by Gordon Anderson in Milan and Giacomo Marini at the headquarters in Palo Alto.
A statement IRI reported that the banks are thirteen candidates for global coordinator for the privatization of Finmeccanica. In particular, six are Italian and seven foreign companies, but their names are still confidential. Meanwhile continues the positive trend of the title, which closed yesterday with a rise of 0.91% YTD realizing a gain of 11, 81%. The company has recently negotiated with the center-Matra Aerospace EADS regarding the project, the new flagship of the European defense and aviation.
The Paris stock exchange trading session concludes with a positive sign after opening the banner of downside. The Cac 40, list of titles to greater capitalization stands at an altitude of 6320 points, up 1, 38%. The turnaround occurred in the early afternoon after the release of data on the futures of the S & P. The titles that have marked the best performances were Saint Gobain (+6.28%), Renault (+6%), Aventis (+5.37%), Lafarge (+4.77%) and L’Oreal (+ 4.77%). The largest declines were Seganti by Credit Lyonnais (-3.64%), Canal + (-3.29%), Lagardere (-2.75%), Bouygues (-2.27%) and Equant (-2, 07%).
According to the operators can breathe more air back to the old economy, but then in practice the actual transition from certificates in the Internet economy to those “traditional” has not yet occurred. The market remains in midstream and not know what direction to take. Every day is a surprise, therefore, surprised that always follows a pattern of multiple lists of overseas. Thus the rise in the Nasdaq, which closed yesterday’s session with a +3.27%, taking the wind also positive about Europe and the New Market opens full of smile, a smile that is off a few minutes after ’start of trading. So the titles of the hi-tech Italian list after a brilliant start took to the negative area, showing once again how high the volatility in the technology market and how much uncertainty is dominating this stage in the financial markets. “The real problem with the new economy is that it is now time to make a selection of titles,” says a manager, “You get to reward companies that have really got interesting results and not continue to invest only on the basis of the prospects not supported then by concrete data. In Italy also the euphoria that swept the titles on the hi-tech sector is due to an extremely low (our price includes six titles listed for the time) against a high demand that must be poured on the few shares outstanding. If we add that these titles have a limited free float is easy to understand why the odds are literally sketched is being placed in other waves then undergo dizzying collapse.
