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.
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clear preponderance of minus signs among the technology stocks of the Old Continent, in the wake of continuing declines in the Nasdaq U.S.. The worst securities are Business Object (-11.7%), CMG (-9.45%), Getronics (-8.21%), Alcatel (-7.61%) and Atos Origin (-7.31%) . Cap Gemini also hurt (-7.14%), Infogrames (-7.05%), ASML Holding (-6.64%) and Infineon Technologies (-5.87%). In contrast Ericsson (+1.99%) on speculation about a possible takeover.
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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.
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Close to decrease the leading financial centers of the Old Continent. Worst performance for London terminating the session late, 1, 12% at 4703 points. Flexion Abbey (-5.17%), while mmO2 after the last business day of yesterday marked a decrease of 3.14%. Faces pull even in Frankfurt, the Dax, where now he is losing 0.87%. Munich Re declined, affected by the choice of Deutsche Bank to sell its share capital. Reassicurativo The group is leaving at ground level from 3.61%, while the surplus of the banking Collage 0.82%. Red mark for Allianz (-3.13%). Signs of recovery, however, for Marschollek (+4.92%) dealing with problems related to the counting of your financial information. In Paris, however, the CAC has completed his trade in slight loss of 0.14%. To note the collapse of Aventis (-5.16%) and yet another misstep by France Telecom which has left at ground level from 3.03%.
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E ‘plans for a summit today in Rome between the vertices of BNL, MPS and members of the two major groups to put the cards on the table of marriage. The nodes are the exchange ratio to be resolved and the business plan, and of course the definition of the appointments.
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Accomplice good as IFI step forward for German securities insurance. General is in fact rising, 1, 1% with the action we went up to 25.60 euros, Ras is rising, 1, 06% at 13.40 euros and Alliance earns 0.9% to 10.43 euro. Last eighth, the industry has accused a lift to empty due to some downgrades came from different business houses.
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Lehman Brothers took a buy on the title Unicredito with a target price to 5.4 euros, against a previous 4.8 euros, which still reflects the caution of the banking business in the judge ’s impact of the reorganization taking place in the Institute of square Cordusio. Unicredito is still the preferred title of Lehman in the Italian banking landscape. Unchanged net profit estimates for the coming years. According to Lehman, net income is estimated at 1.6019 billion euros for 2002, 2.2103 billion for 2003 and 2.666 billion for 2004.
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British Airways’ passenger traffic fell 24.7% year on year in October. The figure, calculated in terms of revenue passenger, was announced by British airline, which stated that traffic has dropped by 36.2% for those traveling in business class and 22.4% for passenger economy class. “The market still presents considerable difficulties,” said the society on the eve of the presentation of six months. The shares closed the trading day in London in advance of 6.3% to 156 pence, after hitting an intraday minimum of 133 pence.
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Lehman Brothers raised its price target to 9.3 euros on Highways, by passing his opinion on the company from buy to strong buy Italian. “We expect that there is an increase of revenue of the Group’s core business, the road infrastructure,” noting that Lehman analysts raised their expectations on revenue of 2.119 billion to 2.209 billion pounds. Lehman also believes there will be an improvement in operating margins and net profit thanks to cost cutting. The title comes down by 0.21% to 7.72 euros.
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expect the announcement of a wide-ranging alliance to Gandalf, as already anticipated by the leaders of society to SpyStocks, and promptly arrived. Gandalf and Air France have indeed reached a code sharing agreement which will address the links between some Italian cities and some cities in France, German and Spanish as well as some broken Italian. The agreement will be operational from March 25 next year and will represent a significant strengthening of strategic relationships and business with the company of the French flag.
