finance
Albertini Dresdner has improved the assessment on the title Tim. “My opinion was changed from hold to add,” says Robert Grindle from London, telecoms analyst for Dresdner Albertini, “In support of this change in the rating of the mobile operator’s strategy and cash flow of the group. I think that the price the title still has room to rise. I glimpse the possibility of acquisitions in the near future, investments cheaply.
profit taking or end of an idyll? This is the puzzle about Olivetti. The title of the holding company of Telecom will pay today in a bad way, after a series of sessions stock exchange under the spotlight. According to traders, there is still room for price increases, although the latest news about the entry of new members of the holding company actually leave little room for speculative investments. The title today in contrast lost almost 3% and is reported scores below 4 euros.
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 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.
BNP Paribas announced this morning the launch of a new service called “BNP Mobile. The new product will use the phone as a means to allow its customers to perform banking transactions directly from their mobile. Across from a range of services available and the customer can consult with your bank account or track the performance of its investments, is the ability to contact a server online that can guide customers in the use of different services.
Telecom Italy has made in the first quarter 2001 consolidated sales amounted to 7.55 billion euros, rose by 7.3% over the same period in 2000, with net debt at 31 March 22 41 billion euro, compared with 19.03 billion euros at end 2000, an increase of 17.7% due to acquisitions in Turkey, Brazil and Chile Gross operating profit was 3.51 billion euros, up by 4.7% versus the first quarter of 2000. Net income declined 35.6% to 386 million euros, the effect of financial charges and expenses from investments in addition to costs related to the consolidation of Seat Pagine Gialle.
The Japanese telecoms giant, NTT. has more than doubled its estimate of losses 2001-2002 to 865 billion yen (7.4 billion euros) against the 331 billion forecast last November and the profit of 464 billion in 2000-2001. The cause of the deterioration are the extraordinary losses amounting to 1,400 billion in foreign investments, plus another 692 billion cost of adjustment.
“In Italy to record benefits on prices when there will be a greater supply of gas.” He said the president of Eni, Gian Maria Gros-Pietro, on the sidelines of a meeting by rejecting the charges of other operators who consider the Italian market is too closed on the supply side of gas. Gros-Pietro stressed that “the Italian legislation is very open in the area.” “Eni – continued Gros-Pietro – has done everything he should do, he built the pipelines and sold the capacity to import was not committed. And ‘necessary at this point that the other operators strive to make the necessary investments .
Semiannual far below expectations that Fujitsu has launched today. The Japanese giant, in fact, accused in the first half of 2001 a net loss of 174.7 billion yen compared to 210 budgeted, while for the biennium 2001-2002 is estimated that the total loss will rise to 310 billion, over above 220 which had been announced previously. The analysts also consider unlikely that the electronics company may be able to benefit from 80 billion yen annual exercise, a threshold that in July the management of Fujitsu had announced without much concern. In light of these results, the company decided to reduce its investments concerning 2001-2002 140 billion to 120 billion. Despite everything, the title, date, he has closed the recording contained a loss of 1, 13%.
Snai achieved in the first half 2001 consolidated net loss of 34 billion lire compared to balance the same period in 2000 and expects to close the year with a strong history, caused by the decrease of aggregate turnover ( -38%) of the group and investments in technology and advertising. The operating loss was 21.3 billion pounds, against an operating profit in the first half of 2000 of 13.7 billion. The title right now loses 4.81% to 4.49 euros.
