The wait for results made quarterly beginning with the foot of the Olympia titles. Olivetti is in fact rising 0.84% to 1.083 euros, Tim Sale of 0.48% to 4.23 euros and Telecom Italy earns 0.5% touching the 8 euros. In red, however, Pirelli: -1.76% to 1.061 euros.
Telecom Italy pushes on the accelerator on disposals and transfers 26.89% stake Spanish operator Auna. Telecom transaction will receive 1.805 billion euros, of which 1,100 million are capital gain.
Day by day we add new details on the agreement final, which should be announced shortly, between Fiat and the banks that have agreed to support the refinancing. The Lingotto will sell its share of Italenergia for 580 million euros. To buy Banca di Roma, Sanpaolo and IntesaBci. Meanwhile yesterday, the transaction has received the green light by the Bank of Italy. The operation has also been approved by the board of EDF.
Traveling in sharp contrast the two titles targati Telecom Italy. Despite the positive view expressed by Dresdner Bank (buy with a target to 14 euros), Telecom Italy is blaming a decline of 0.70% to 8.80 euros. On the upside, however, Telecom rnc: +1.4% to 5.77 euros, on top of the day. Discrete volume (11.5 million units). Remember that today Telecom has ripped out the coupon (0.3125 euros per ordinary and 0.3227 for savings).
Salga La Roma and Juventus, Lazio relegated. For the club champion of Italy, after the bitter meeting yesterday, is now recovering by 2% to 2.85 euros, more the result of a technical rebound of any particular news. Even the Roma currently traveling in medium positive (+1.22% to 2.16 euros), while Lazio are always painful. The company is Sergio Cragnotti perdedno the 1, 17%, which pushes forward the title to 1.52 euros per share.
Vodafone, world number one in mobile phones, expects its customer base in Italy and Germany share reach 43.7 million by the end of March 2005 from the current 34.03 million. Growth in number of customers should lead to a turnover of 17.76 billion euros and an EBITDA of 8.46 billion euros in the two countries for the financial year 2004-05. For the current year but are expected sales of approximately 12.84 billion euros and an EBITDA of 5.59 billion euros from Vodafone D2 in Germany and Vodafone Omnitel in Italy. By Arcor, the German subsidiary operating in fixed telephony, Vodafone expects sales of approximately 2.19 billion euros this year, rising to 4.18 billion euros in turnover in 2004-05. EBITDA expected to increase from 204 million euros this year to 798 million in 2004-05. The title of Vodafone at the moment slips 2.95% at 147.75 pence on the London Stock Exchange.
there is uncertainty surrounding the main European stock exchanges that are waiting to know how to open and above what Wall Street will do the Fed Chairman, Alan Greenspan, tonight on interest rates. Piazza Affari meantime remains in negative ground with the Mibtel that is falling dell’0, 12%. In Milan shine Seat, Mediobanca and BNL. Sitting also help with Espresso, Ras and Generali. Profit taking but for Sanpaolo-Imi, Enel, Edison and Telecom Italy.
There is great expectation on the Sardinian society, that this week should take a formal decision regarding the Hutchison Whampoa. Although the heads of Tiscali have not yet commented a possible deal, the giant Hong Kong would be proposed as a partner in the field of third-generation wireless, being willing to share in the consortium Andalo. Hutchison Whampoa group is also part of VoiceStream Wireless Corp., the American mobile phone network acquired by Deutsche Telekom for $ 50 billion. But why Tiscali would have rejected the advances of the German phone giant to embrace that of Hong Kong? The explanation is that Hutchison Whampoa is now an extremely flexible partner, had offered to Andalo (unlike Deutsche Telekom) the possibility of a joint venture outside of Italy in the round and collaboration on various projects to be developed in a manner joint. Market rumors speak of the entry of Hutchison Whampoa in Andalo with a share of 50%.
The Antitrust Authority has declared that the giant merged Seat-Tin.it will sell shares in Mark Link, an Internet service provider that Seat has bought for 17 billion lire. At the same time Telecom Italy will sell its stake of the search engine Excite Italy.
In Venice, the heads of Telecom Italy, stated that it is not expected to issue savings shares in the next quotation Tin.it. So for savings shareholders, according to market participants, opens the possibility of ordinary shares Tin.it. Meanwhile, Telecom savings shares are still suspended, while Telecom is gaining 4.05%.
© 2010 Finance News