finance
He can not recover Giacomelli. The title of the company led by Gabriella Spada is in fact slowed down by over 6% share slipping below 1.77 euros, at least for the day. Yesterday Giacomelli bought the chain competitor Longoni Sport for 76 million euros, financed through the bond issue by 100 million issued in March. Giacomelli has thus become the leader of the Italian market with a market share of 14.6%.
Starting on the right foot in the securities of Bicocca. The final rally in the Nasdaq and the excellent start of the European players are pushing upward Olivetti (+2.52%) to 1.098 euros, Pirelli (+2%) to 1.137 euros, Telecom Italy (+1.79%) to 7 , 95 euros, Tim (+2.25%) to € 4.41 and Seat PG. 2.1% to 0.69 euros.
Even now the main European exchanges have closed reporting heavy losses. Paris has left at ground level 3.95%. Black jersey for Carrefour (-9%) which fell after announcing a fall in its turnover for the second quarter. Slip for France Telecom (-8.06%) on which they have demolished the new reports of a number of MobilCom Gerhard Schmid, who has argued for a put option of 14.5 euros per share. In the wake of the main German phone operator Orange who has accused a failure of 5.22%. It was saved by the skin of the cap Oreal (+0.13%) due to a quarterly in line with market expectations. In London, the Footsie closed at a loss of 4.30%. Harsh lesson for Kingfisher (-25.35%) whose tender offer for Castorama not find favor with traders of the City. Frankfurt, meanwhile, is preparing to face the after hour delay in the 2.22%. Even here a few survivors, though important. Deutsche Telekom riding the wave of a possible farewell to Ron Sommer and traveling today in medium positive (+1.8%). Crolla Sap that is heavily penalized by the announcement of a revenue warning: the title is, in fact, losing 12.5%. Difficulties, however, securities and insurance bank: Commerzbank lost 5.5%, Munich Re Marschollek the 5% and 4.9%. Disorder and confusion even on other squares in the Old Continent: the SMI has yielded 4.1%, Amsterdam lost 4.39%, while Madrid has left the road 3.22%.
continues the letter on the title of the bank led by Corrado Passera. IntesaBci is losing 4.2% by the action changing hands at 2.44 euros, thus approaching the minimum of the day (2.42 €) but also of the year. Be noted that IntesaBci has lost 20% in eight sessions. The debacle was caused not only by exposure for 340 mln euros in Vivendi Universal but also from ongoing downgrade on the title, the last in order of time at UBS Warburg.
Eni also contributes to lowering the Milan Stock Exchange with the fib that he can not go over 27mila points. The title of the six-legged dog is in fact losing 2.14% fell below the threshold of 16 euros. Discrete volumes. Be noted that the Brent crude futures slightly down to 25.5 dollars per barrel.
gloomy data on car sales in June, presented this morning by Acea, the European car manufacturers association. Major car manufacturers have indeed shown very encouraging results. Among the homes listed for only DaimlerChrysler and BMW have reason to celebrate having recorded increases in sales of 3.3% and 1, respectively, 3%. Daimler held the title now lost 1, 72%, while BMW is gaining 1, 22%. Peugeot and Renault, for their part, have registered a decline in sales over June by 4.6% and 11, 7%. In stock Renault is losing 3.63% while the Peugeot 1, 2%. Finally, Volkswagen has blamed a drop in registrations of 0.6%, in Frankfurt the title of the German automaker is bringing significant loss of 3.09%.
Back to travel in positive terrain Nokia that the title now represents a 1% increase that repositions the price of its shares just over 15 euros. A backlash of Guppi Finn, who has traveled throughout the day in negative terrain, encouraged by the agreement signed with Japan’s Matsushita to use the S60 platform that develops multimedia services.
Despite having obtained the bank loan of 1 billion euros, Vivendi Universal does not capture the confidence of investors. The title of the media group, in fact, losing 6.4% this morning that reports the share price of just over 17 euros. Weighs the beginning of the investigation initiated by Consob French, Cob, from which could emerge accounting irregularities. Not shine nor the other players in the industry average. Havas is leaving the ground on 3.83% to 5.77 euros, while Sogecable and Lagardere lost respectively 3.23% and 1, 88%. Shade also Tf1 (-2.13%) and Prisa (-2.18%).
In Bipop Massimo Ferrari is to replace Maurizio Cozzolino, with the former Brescia bank who recently resigned following an investigation initiated by the Bank of Italy. For the moment Ferrari will continue to fill the role of general manager, already his, but will have the powers to govern the new consumer bank. Meanwhile Bipop is preparing to change its name. The assembly voted to change the name of Bipop in Fineco.
Rain of sales on the field of European telephone securities. The one company that comes free of the furies of investors is Deutsche Telekom, whose title is gaining the 1, 23% reported that the share price to 10.7 euros. Sonera and Telia waiting for their merger is falling away from the European Commission, lose respectively 2.14% and 2.21%. KPN pay the consequences of bad results of KPNQwest and now sells 2.3%. France Telecom (-4.15%), meanwhile, returns to red after the performance in last week’s sharp rise, as well as its subsidiary Orange (-4.5%).
