Merrill Lynch has cut its 2002 earnings forecasts of Publicis, which drops from 1.6 to 1.5 euros per share. Expectations on sales in the first half for an increase of 1, 9% to 1.17 billion euros. The U.S. broker maintains a Buy rating on the stock with target lowered from 38 to 35 euros. Right now, Publicis swap to 25.85 euros (+3%).
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.
The first signals that come from the Milan Stock Exchange are negative with the derivative that are changing hands at 27,860 points, a decrease of 0.66%.
European stocks are back to smiling. The positive closing of Nasdaq and the discourse on the health of the U.S. economy made last night by Alan Greenspan are snapping back on purchases and telephone technology stocks, the most downtrodden in the day of ieri.Piazza Affairs has opened so the upward 0.71% due to a good start STM, Tim, Mediolanum and Bipop. Step forward for IntesaBci General and despite both companies are exposed in WorldCom. In ground not, however, Snam Rete Gas and Lottomatica.
Ugly Tecnodiffusione awakening to the conclusion Opa. Are in fact signed the 35.97% of the new shares issued (1,183,512 shares amounting to about. 3,290,085 total shares of the increase), that a withdrawal is close to 14.787 million euros. Rights not exercised will be offered on the market, by Euromobiliare, stock market during the week from Monday, July 8.
Ciments Français, the French subsidiary of Italcementi, will launch a takeover bid on the shares of its Greek subsidiary Halyps Building Materials, listed on the Athens Stock Exchange. The offer must receive the approval of the Greek stock (CMC) within 10 days from the filing and will last for 30 days after its approval. At the end of the offer will be launched with the cancellation of the company from list. Ciments Français, holds 94.75% of ordinary shares el’88, 6% of the shares of preferential Halyps. The offering includes 975,979 ordinary shares of nominal value of 1.26 euros, representing 5.25% of total ordinary shares and 4.53% of total capital of Halyps.
Launch of sitting under a rain of sales for the new market of Paris. The Nouveau Marché loses 2.87% to 693 points. The index of technology stocks Paris Bourse head so the new year lows.
Improves performance of the Milan Stock Exchange with an index Mibtel in progress, 1, 83%. A push up the price list are mainly Olivetti, Fiat, Enel and Eni. Tim also did well, IntesaBci and STM.
Black Monday for titles Vivendi Universal and Vivendi Environnement today at the Paris stock exchange are in the grip of heavy sales. The title Universal marks a decline of just over 18% passing from hand to 20.12 euros. Red mark, albeit with a loss more content for Environnement leaving the field to 0.58% to 29.98 euros. Weigh was the announcement of the sale on the market by Universal, 15% of the shares in Environnement.
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