will begin August 26 and ending September 20 Opa, already announced, Banca Antonveneta Banca di Credito Popolare on Syracuse. The fixed price will be 20.26 euros per share. Members may choose whether to join or wait for the opposition by merging the two banks, a share swap of 1.15 shares for each share of Antonveneta Banca di Credito Popolare.
brilliant day for the European banking sector, where stand out above all the positive performance of the securities in Britain. Among individual stocks, we highlight HBOS (+7.73%), Barclays (+6.13%), Royal Bank of Scotland (+6.01%), Lloyds TSB (+5.91%), Alliance & Leicester (+5.66%). Well also Abn Amro (+5.63%), Bsch (+4.74%) and Abbey National (+4%).
Violent turnabout for Capitalia and Fineco (former Bipop). The title of the bank is in fact losing the Capitoline 2.14% share slipping below 1.42 euros, while Fineco is leaving at ground level 3.03% to 0.57 euros. Capitalia is still undergoing heavy downgrade of WestLB Pnmure that last Friday advised its clients to sell the title, setting a target share price 1.20 euros.
Unicredit launches takeover bid on Onbanca, the bank listed on the New Media Market in Milan, for a value of 32 euros per share. Operation that also enshrines the end of the restructuring plan of the People’s Trade & Industry, the majority shareholder of Onbanca. The end shall come so thoroughly Xelion, the online bank Unicredit and Onbanca.
failed attempts to rescue the German engineering company Babcock Borsig, bringing the fifth event of the insolvency in Germany for high profile companies. The creditor banks have been burned in the past when they tried to save the construction company Philipp Holzmann, did not want to risk again, given the current economic conditions.
E ‘the banking sector to bring down the price that yields to 0.77% in Milan because of rumors about possible new creative accounting made by the U.S. giant. After the Enron and WorldCom, would be the turn of the pharmaceutical group Merck had rigged the revenues of 12 billion dollars. Sales are so cut down on IntesaBci, losing more than 3%, but also on Sanpaolo-IMI, Fideuram and Mediolanum. Male also Numtel losing more than 2% while resisting Saipem, Highways and Ras.
Analysts at Deutsche Bank have issued a Buy rating on the British title Diageo, with a target price to 1,000 pence. The beverage companies continue to show good growth in both the United Kingdom and the United States. The German broker has estimated sales growth around 9-10%, while earnings per share should increase over the next 3 years. At this time, Diageo exchanges 811 pence a share (+0.7%).
Analysts at Deutsche Bank have confirmed their opinion of buy on the title of French media giant Vivendi Universal. The target price has been set at 31 euros. Deutsche Bank points out, however, as the downgrade on the debt issued by Moody’s, he arrived unexpectedly and was therefore changed the risk profile.
This break down sales on Capitalia. The title of the ultimate holding company of the new banking group which includes the activities of Banca di Roma-Bipop-BDS is losing over 3% falling below the threshold of 1.90 euros. More than 3.3 million units traded. Yesterday capital was closed with an increase of 4%. In stark contrast, however, Bipop: +1.40% to 0.754 euros sospenta purchases since, most analysts consider it at a discount compared to Fideuram and Mediolanum.
The Bank HSBC business has raised its recommendation on the sector of oil and gas in Europe, from Neutral to Overweight. The reasons for the upgrade to be found in the reasonable assessment of the oil groups, in the soundness and transparency of profits, the power budgets despite weak demand. Estimates earnings per share were raised an average of 5% for 2002, but lowered by the same percentage for 2003.
© 2010 Finance News