Still in the red title Marconi, British company specializing in equipment for TLC. The action now is losing 3.5% to 30 pence, because of skepticism that remains on the market about the possibility of reduction of the company as required by management. Marconi said this morning that remains on course to achieve the target debt (2.7-3.2 billion pounds) from the present 4.3 billion in liabilities, while acknowledging the negative trend of the main markets where it operates.
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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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Shareholders of JP Morgan resumed coverage of the British mining giant Anglo American, by issuing a recommendation “buy” long-term and a target price of £ 12:47. Anglo American gaining 2.54% at this time to 10.90 pounds in London.
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Barclays said the decision to buy Woolwich has increased the range of pordotti society: group operating profit in 2000 grew by 43% to 3.5 billion pounds compared with the 2.45 ‘ 99. A sale on the London Stock Exchange of 2.58%.
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Even Bank of Scotland has raised its offer yesterday for National Westminster Bank for 933 million pounds in the last round of the battle between the British banks, after Royal Bank had made it to market in the morning off. To know who will win 51% of the bank will have to wait English February 14, deadline Opa.
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The board of Bulgaria has approved yesterday the accounts of ‘99. Last year closed with an increase of 33% in consolidated revenues, which reached 485 million euros. Profits have instead increased by 34% to 59 million euros. The board then will propose the shareholders to distribute a dividend of 110 lire per share against 80 pounds of ‘98. Have contributed to the excellent results, sales of watches, rose by 42% while increasing sales of the jewelry was 30%. The recovery of Japan has also contributed to the high turnover in that geographic area as much as 60%.
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For the former municipal Aem the ‘99 ended with a growth in revenues and operating income, due to the positive development of sales of electricity and gas. Net income for the Milan group, however, stopped at 219 billion, 2.6% less than in ‘98. Will be proposed to shareholders a dividend increased by 85 pounds to 115 pounds per share, for a total of 207 billion. Projects growth Aem aim at the development of traditional electricity and gas business through acquisitions and alliances and at the same time to diversify into telecommunications. Just in tlc agreement with e-Biscom, company Francesco Micheli and Silvio Scaglia, led by Metroweb (67% and 33% Aem e-Biscom) a draft of the cabling Milan territory and the creation of Fastweb , company that provides telecommunications services.
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CGU, the insurance group English, recorded sales of 1.9 billion pounds in the first quarter. In particular, sales in life insurance and pensions rose by 19% up to 1.7 billion pounds. On an annual basis the growth is equivalent to an increase of 43%. The group, which is merging with Norwich Union, marks held -0.05% after a slight rise.
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Vodafone Airtouch has decided to place a part of Arcor, the fixed phone company Mannesmann to finance its merger with the group. British Telecom has decided to place between 20 and 25% of Arcor, said Chris Gent, chief executive of Vodafone. The group also decided to place Infostrada, once the transaction is ratified by the EU. Vodafone this morning marks +1.98% to 385 pounds.
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Sage Group reported a gross profit in the first half of an increase of 10% to 65.1 million pounds against 59.2 million the same period last year, in line with analysts’ expectations . The software group said he was cautiously optimistic for the second half, despite the difficult market conditions. Turnover rose 22% to 279.8 million pounds from the previous 229.6 million, while the semi-annual dividend proposed by the group rose to 0.157 pence to 0.143. The company also registered 120,000 new customers, reaching a total of 2.9 million in the period. The title, exchanged the London Stock Exchange, which at this moment 185 pence (-1.7% compared to yesterday).
