The title of the property company of the De Benedetti, after being struck by the overall decline yesterday that hit Piazza Affari, currently represents a pre-opening price of 12.40 euros. Yesterday, the Assembly approved the budget of Aedes ‘99 (which achieved a net profit of 1.9 billion) and has resolved to distribute a dividend of 140 lire per ordinary share and 150 lire per savings share. The distribution will take place from 11 May.
BT Cellnet, the mobile phone company controlled by British Telecom, is buying 60% of Mobile Phone Store, a chain of 129 stores for 40 million pounds. The transaction will bring the number of outlets to 3,000 stores Cellnet. British Telecom exchanges in this time around gender.
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European shares today recite the same script and on the basis of yet another price drop in U.S. hi-tech Nasdaq, which in the meeting yesterday lost 2.46%, began trading in soil negative. A Piazza Affari Mibtel index marks a fall of 0.2%.
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Lagardère, French multi-utilities group, has announced it has sold American Scholastic third American publisher in the publication of books for children, the Grolier division for 400 million dollars. The management has stated that this transfer trans part of the strategies of the group that will focus increasingly on the Web (Play confidential)
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Paris, despite the day of uncertainty and the suspension of one hour the market closes in positive +0.41% at 6264.34 punti.Tra titles that have ended BNP increase (+2.29%), Can + (+1.22%), Danone (+3.67%). Downward Lagardere (-5.07%), Oreal (-5.48%) and TF1 (-2.85%).
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The year is ‘99 and ‘closed with an operating profit to 53.5 billion, an increase of 41% for Telespazio, Telecom group company. The balance sheet data have been approved by the Assembly and mark a production value of 680 billion (+18.3%). The performance at the operational level and then allowed to offset the negative effects caused by movements of the investee Iridium. The Board then appointed Andrea Natali chairman and chief executive Enzo Badalotti.
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Yet another day of passion for the titles of Gruppo Editoriale L’Espresso, which are touching the listing of 16.1 euros, a loss of almost 4%, after having touched a minimum value of 15.77 euro. The title is one of the most disadvantaged sector of the media in this correction phase of the market. The maximum value of 26.74 euro is now far and it seems at least for the moment over the mad rush of society that is headed by the De Benedetti family. Conflicting opinions even among analysts and fund managers, some of which consider these prices a good opportunity to purchase, while others think it will be difficult for these securities on the highest return given the short appeal having now.
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The French group Saint Gobain, a world leader in production of glass, has acquired the British group channeling Biwater Industries. The operation is part of the expansion strategy of the Saint Gobain Group in the funnel. Division of Biwater has 700 employees and boasts a turnover of 100 million euros.
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The passenger traffic of the national airline Alitalia has increased by 11, 5% in the first quarter of 2000 compared to the same period last year. Meanwhile the title at the Milan after returning from a week in the index Mib30 instead of Montedison, gaining 0.56% and made up to share 2.16 euros.
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The positive performance of the MIB 30 is in part linked to good performance against Alliance, the first national player in life insurance, and parent-General, now firmly above the 30 euros. The two values confirm the nature of securities refuge, privileged in the early stages of turbulence and uncertainty like the one we are experiencing, for the consistency of economic performance and the sound fundamentals. Currently, Alliance rose 1% to .97 euro share 11:38, while the General is in progress, 1 .16% to € 30.50 euros.
