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%.
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%.
At the base of the rise of BNL, an increase of 3% to 1.78 euro, there would be indiscreet to the effect that the Monte dei Paschi would be willing to pay more to shareholders. The market had bet so far in a favorable exchange ratio to MPS, but it seems that the need to tighten the timing of integration can convince the leaders of the Sienese bank to revise their enhancements. Remember the title BNL is among the most penalized in the banking sector, with the quotes that have also revised downward the lows, well below those facts touch in September. Mps down 1% to 3.27 euros.
Session Initiation positive for the major European stock markets, after a good session scored by Wall Streett last night. But Europe this morning seems to also take advantage of the pause that today’s markets the U.S. compared to holidays. In sharp rise in the stock market opened with the Paris Cac 40, which marks +1.82% to 3689 points. Out in front of Frankfurt’s DAX 30 marks +1.73% to 4209 points.
Yet another bump in the automotive market. In June, the decline in registrations in Italy was 17.2% compared to the same month in 2001. The fall in the first six months of the year was therefore 13.4%. The highest price it pays Fiat with a decrease of 20% of market share while the registrations for the home Turin fell by 34.7%.
hard braking for the group of Lingotto. According to data provided by Motors in June, group sales were 30%, 53% less than the same period last year. Of note is that in six months, the decline was more than 20%. Regarding only the Fiat’s market share is 19.97% from 25.32% a year ago.
Party on the right foot on Numtel (+2.79%) who benefits from good session yesterday on the Nasdaq. New Market on the list of outstanding performances of e.Biscom (+4.14%) to 29.70 euros, thanks to the words of the AD Silvio Scaglia said that as the results of Fastweb in the second quarter are excellent, but also of Tiscali (+2.1%) to 6.14 euros. Well even AISOFTW (+5.4%), Biosearch (+4%), Gandalf (+9%). Red instead Euphon (-4%).
ABN Amro has lowered its recommendation on the title of France Telecom, bringing it from buy to hold, and indicating a price target to 16 euros. For analysts the bank’s Dutch business, FT following the downgrade by Moody’s has strong liquidity and fill necesita to recover his debt. So a new share issues seems inevitable. A reduction in the cash gap, emphasizes ABN Amro, reassure the market 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 euros.
Coming to exchange the Paris stock exchange the securities of Vivendi Universal and its environmental compartment Environnement, after the French media giant has announced the sale of a 15% share on the open market. Red mark for alcoholic parent Vivendi Universal, which gave up 0.16%, passing from hand to 24.41 euros. Swap instead soaring title Environnement marking +0.97% at 32.40 euros.
