ABN Amro cuts credit rating on France Telecom

ABN Amro has lowered its recommendation on the title of Telecom, bringing it from buy to hold, and indicating a price target to 16 . For analysts the ’s Dutch , FT following the downgrade by Moody’s has strong liquidity and fill necesita to recover his debt. So a share issues seems inevitable. A reduction in the cash gap, emphasizes ABN Amro, reassure the and may have beneficial effects throughout the industry. Also, added the analysts, the French telecoms operator needs to resolve as soon as his battle with MobilCom. At this moment the title FT is accusing a loss of 13.96% Bulgarian dragging the share price to 9.12 .

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European bank still struggling ‘

The titles of the banking sector is still dominated by sales in Europe. Among the worst, include Suisse Group (-4.05%), Agricole (-3.40%), KBC Bancassurance (-3.30%) and HVB (-3.08%). ABN Amro also down (-2.99%) Abbey National (-2.87%), Fortis (-2.84%) and BNP Paribas (-2.62%). In contrast only National (+0.44%).

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Deep red for the seat of the Milan Stock

The sales orders have made masters at the Milan where the Mibtel lost 2.29%. The uncertainty is still high and prefer to avoid purchases pending further reassuring signals about economic recovery. To make the cost of sales, asset management: Mediolanum, Fideuram and Bipop. Fared no better in the Banking Unicredito and MPS, and insurance. Unicredito today announced that Xelion, SIM multichannel group, will become operational from January 2003 multi-channel . In the red for Bulgaria and Mediaset. A peak STM. Basicnet surprising that the wave of enthusiasm for the World Cup, is the sponsor of the National, has closed to +21%. Fiat positive resist in the day when Giancarlo Boschetti presented the plan to revive Fiat Auto.

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CSFB raises target price of Brent for the biennium 2002-03

Suisse First Boston raised its forecasts on prices, given the greater likelihood that OPEC production cuts to keep the entire second half of 2002. The Swiss investment has brought its estimate on the price of Brent in 2002 to $ 23, while its forecasts for 2003 have been raised to $ 20 per barrel / Brent.

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Thud bankers

Heavy slip for in Piazza Affari. The news of the accident near the airport in York is unleashing a hail of shaped on Bipop (-4.5%), Fideuram (-5.3%), Mediolanum (-5.4%), MPS ( -3.2%), Banca di Roma (-3%), IntesaBci (-4.1%), Sanpaolo-Imi (-5%) and Unicredito (-5.28%).

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Sales in banking, giu ‘IntesaBci

Speed down the . The data is not just the brilliant Dutch giant ABN Amro and the suffering that is affecting more Commerzbank (-1.8%) after the crash on Friday due to the quarterly are weighing on the various IntesaBci (-1.8%) to 2.53 , Unicredito (-1.8%) to 4.24 , Sanpaolo-Imi (-1.6%) to 11.77 and BNL (-1.8%) to 2.41 .

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Credit Lyonnais positive for BNL

Positive opinion that the French Lyonnais Securities Investment by the title BNL. Indeed, in view of both the excellent results achieved both the future prospects Lyonnais gave a positive assessment on the Roman that substance in a target price of 4.20 , prices made to mark this moment in Piazza Affari.

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Acotel, in pre-open at 66 euros

The start of trade today Acotel the . The software has enjoyed an excellent reception from , since the overall supply controlled by Suisse First Boston has ended with un’oversubscription of approximately 8.2 times the offer. capitalization, excluding the possible exercise of the green shoe will be around 436 billion lire. The issue price was fixed at 54 , while the prices of the past few days on the gray in London were around 75 . Currently, the theoretical price is 66 .

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Closes today offering Cto

ends today a public offer for subscription for the securities of led by Marco Madrigali active in the Italian co-publisher and distributor of interactive entertainment software. The price range was set between 33 and 42 , the minimum lot is 75 shares. As the global coordinator of the operation will act Suisse First Boston, sponsors and specialists, however, will be Banca Monte dei Paschi di Siena.

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Continue the negative moment in Paris

A half day’s CAC 40 showed a decline dell’0, 84% at 6218 points. The list is drawn downward by LVMH (-8.5%), Carrefour (-5.1%), Cap Gemini (-4.1%) and Pinault-Print. (-3%). In stark contrast Saint Gobain (+6%) and Accor (+5%). Lyonnais also did well (+2.2%) and Telecom (+1.1%), after announcing very good results in the year ‘99.

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