The crash of technology stocks but also the heavy German letter that is trampling on Nokia does not leave indifferent the Italo-French. STM is in fact losing 4.16% with the title that share has fallen below 24 euros, carrying with it downward also participating Finmeccanica: -2.78% to 0.742 euros. The CSFB cut its rating on STM increasing from 35 to 28 dollars.
At the Paris stock market seems to be a race to the upside as France Telecom, which earns 17%, and Vivendi Universal, which soars to +14%. A trigger purchases on items under Vivendi Universal are increasingly insistent on the possibility that his number one Jean Marie Messier has agreed to leave the guidance of French media group.
New home of Mauritius Ughi. Snai has indeed yielded 60% of Snai Dreamfarm Way to Luxembourg, the majority shareholder of TU Telecommunications. Under the transaction, Snai also sold the entire 51% stake in linkage srl. The total value of the sale is 4.1 million. The capital gain for the group Snai is about 3 million.
In dusting the title of Fiat rising by 5% to 12.70 euros, the maximum values of the day. Fiat pocket 775.2 million euros from the sale of Ferrari to Mediobanca. A square will Cuccia 34% of the capital of the Maranello company. 12.5% of this tranche will then be available to banks wishing to enter the operation.
Analysts at Morgan Stanley raised its recommendation on British group WPP to Equal-Weight with price target to 550 pence. Positive Findings on other two operators in the sector average: Pearson was found to Overweight with a target to 740 pence, while Reuters has received an equal-weight rating and a target price of 310 pence.
Morgan Stanley has an opinion on the equal-weight Eni. The words of Vittorio Mincato, A.D. group, have reassured the rates of growth of the company announced last January. E ‘was reconfirmed the objective of maintaining growth rates of 6% per year until 2005. The target price of Morgan Stanley on Eni is 18 euros and EPS estimates are 1.26 for 2002.
brilliant day for the two German sportswear company listed. Adidas, which supplies the shirts clcio the finalist who will face Germany on Sunday as Brazil, is marking a leap forward by 4.7% to 85.7 euros. Puma does not disappoint even after having gained 3.97% yesterday, remedies today another increase of 3.7% passing from hand to EUR 73.3 epr action.
Today the rebound started late due to increased combustion of Nokia and the good opening on Wall Street. But shooting the afternoon of the indices was soon scaled down due to the indiscretion of a possible problem accounting for General Motors. The index then went to close Mibtel rising 0.47%. In the air there is still uncertainty exacerbated by the WorldCom case. A large dusting STM and Finmeccanica, Bulgari, Bipop and Unicredito. Fiat launched the gain by news that Gabriele Galateri di Genola will be the new CEO of the group, has filed all the upside in the final minutes of trading. To note the recovery Pirelli Real Estate, after the first two sessions of sharp decline in stock market, which has carried with it the entire real estate industry. On the list of Midex distinguished themselves instead Gruppo Editoriale L’Espresso, Autogrill and Mondadori. In heavy drop instead Ras, decreased with IntesaBci, Enel, Eni and Seat.
The appointment of the new A.D. Fiat is pushing on the top title Lingotto: +4% to 12.51 euros. Gabriele Galateri and Paolo Fresco will be new to the group, will remain chairman while Fresco Alessandro Barberis (comes from Piaggio) has been appointed general manager and alongside Galateri for industrial activities.