Archive for December, 2009
Slimming for Mondadori
New mergers in the land of France
The merger between the French giants Carrefour and Promodes, giants in the food industry with regard to large retailers, is opposed by the European Commission. The Brussels authorities are afraid that doing so can bring a real monopoly in contravention of the basic rules of competition. Carrefour become the number two in the World with over 9000 retail stores bearing its insignia. Title Carrefour, after a halting start, at this time is catching up to 5%.
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Dax breaks altitude 7000
Frankfurt soar. The Dax breaks altitude 7000, and marks the moment +1.34%. Recover surprise banks and insurance after the fall of yesterday because of news of failed mergers and acquisitions and the fear of rising interest rates. A pull on the insurance market Muenchener Rueckversincherungs now earning 6.49%, while Deutsche Bank on recovering the loss of 2.52% yesterday. Well even Dresdner Bank (2.02%) and Allianz (+2.07%).
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Mixed signals from Germany
While it seems to veer toward the German economy grew faster, on the other hand there are concerns about the outcome of the bargaining contract. Germany therefore has almost tripled in the last quarter of 1999 GDP growth compared to the beginning of the year, rising from 0.7% to 2%, although it grew by only 1.4% in 1999, the lowest rate since 1996 . Growth prospects in the German economy are then confirmed by the economists who think the fall in industrial production in November by 0.5% only a given episodic, noting however, that the reduction of taxation and public spending, falling unemployment and significant acceleration End of year are excellent auspicio.Per regard instead to the demands for a wage increase of 5.5% of the engineering union IG Metall and now also of HBV, banking and insurance workers union could threaten price stability. Even in this case, however, these fears are not shared by Budensbank believes that the simple and normal contractual negotiations.
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Pop. Milan still on Pop. Novara
Banca Popolare di Milano has reiterated today, to the mouth of the president Paolo Bassi, the will of an aggregation with the Banca Popolare di Novara. The project has not yet been formalized and is currently still under study. About the failure of the agreements between Popolare di Novara and Popolare di Vicenza, Bassano reiterated his thought, already expressed last week it would be better for small banks by establishing alliances to grow popular synergies achieved cost savings.
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London, look at telephony and department stores
Situation uncertain what should propose this morning on financial markets. In London should continue to go in the securities of fashion retailers dragged by rumors of involvement of Tesco on Marks & Spencer. To follow the telephone, after the U.S. manufacturer of mobile phones Motorola has announced the data on profits for the fourth quarter, which have tripled. Decisive day for Vodafone Airtouch, a leader in mobile telephony, to deliver the final blow to Mannesmann in its hostile takeover bid.
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Eidos collapses, alarm software
collapses English game company, Eidos, is losing 30% after the announcement of profits well below expectations for the year ‘99. Back in November the company announced losses for the first half amounted to 37.9 million pounds. The news confirmed, according to analysts, the plight of the software market.
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Snam, exercised the green shoe
Banca IMI, UBS Warburg and SSSB have exercised all the greenshoe securities Snam Rete Gas, equal to 102, 6 million of securities.
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Vivendi U. confirms talks with USA Networks
Vivendi Universal has confirmed this morning that the indiscretions of the press spoke of a renewal of agreements with USA Networks for the repurchase of certain activities. Operation which, however, did not yet know the economic conditions. Hesitant some analysts have pointed out that the group led by Jean Marie Messier is currently lacking a distribution channel can provide any television programming to American consumers. The title of Vivendi Universal is growing at this moment, 1, 86% to 57.55 euros.
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Japan: “Risk of deflation
“I can not deny that there is a risk of a deflationary spiral if Japan were to deal with an unexpected shock,” said BoJ Governor Masaru Hayami. The BoJ added that needs to maintain a soft monetary policy to avoid a deflationary spiral, together with the efforts of the government’s structural reforms.