finance
Final day to the upside at the Milan to STMicroelectronics. The wave of confidence returned to the list of Milan is also involving the Franco-Italian manufacturer of semiconductors that currently rises by 6%. Following back positive also Finmeccanica is trading at 1.69 euros (+4%).
Total Fina Elf has awarded four new permits for the extraction of oil in the North Sea in Norwegian territory. Through these new investments, the oil company trans significantly reinforces its presence in Norway, where the group is a market leader in the production of hydrocarbons 325mila barrels per day. The title is experiencing a decline of 1, 8% in after hours lost more than 4%.
The flotation of Euler, a subsidiary of AGF assurance-credit, she does well and the title was widely subscribed, said the management trans. Despite the time of the stock market is particularly unfortunate, most analysts predict a success considering the fact that the placement price was set between 50.5 and 59.5 euros. The debut will take place on April 28.
The multi-utility AEM after a bad start in the wake of the suspension for excessive downside is now traded at 4.66 euros by reducing the daily loss (-3.58%). The close link with the telecommunications industry makes the title of Milanese society increasingly correlated with the performance of the Nasdaq and the whole new economy.
Mannesmann, the telecommunications company recently scaled from English, Vodafone has decided to accept the proposal made in conjunction with Bosch Siemens for the purchase of Atecs its engineering and automotive components sector. The group said it had decided not to quote the sector in June as had been previously set. Also Thyssen Krupp had made a purchase proposal to Mannesmann.
The shareholders’ Finmatica, which met today, approved the transfer of title to the New Market. The company will promote Brescia at the Italian Stock Exchange to begin the formal procedures bureaucratic operation. The transition to the new market system will increase marketability of the title. The Assembly has also announced that it will not distribute dividends to shareholders by allocating the profits entirely to investments in the development of the company. E ‘provided however, that in the next three years be distributed to shareholders on 20%, 30% and 40% of the profits of the exercises.
that just ended was a nervous day, unsure and lacking a definite direction, but at least it avoided a collapse that, in light of the recent slide in the Nasdaq, we would also have expected. Moreover, in the final day there was also a return of some selective buying. In the Mib 30 have highlighted: Tecnost (+3.85%), Olivetti (+1.25%), Telecom (+2.75%), Alitalia (+2.78%), AEM (+2.28%), Eni (+3%), and Fiat (+2.23%). Rather disappointing Tim (-3.75%), Unicredito (-2.12%) and Banca Fideuram (-1.36%). Among the titles of the New Market, held good and e.Biscom Tecnodiffusione, suspended upside for the good results obtained in the first two months of the year. Slight rise in major indexes, with the Mibtel in progress and the Mib 30 and 0:18, respectively, of the 0.24%.
One of the titles that performs well at the Milan Tecnost is one of the two holding companies of the Group Telecom. The listing is rising by more than 2% and is worth 3.63 euros. The title is recovering lost ground and according to some analysts say could exceed 4 euro assessment.
The ST Microelectronics and Philips join in building a new plant for the production of components for semiconductors. The two companies, working together since 1992, investment in this project to increase the production of a figure not far from 1 billion euros. The French title earned at this time 0.11%.
