Posts Tagged invest
IntesaBci could quit Commerzbank
One of the next move would be to leave IntesaBci investment in Commerzbank (approximately 2.50% of capital) or to sell German subsidiary LOEBBECKE. This as stated by Corrado Passera, A.D. group. President Giovanni Bazoli said that the exit from Commerzbank is one of many hypotheses.
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IntesaBci to 40% in Italy Lazard
IntesaBci will focus on the Italian market and retail customers. “The development of the group will head to a greater concentration on the Italian market and less statistics, and at the same time will be prime retail customers”, this message Corrado Passera, CEO of IntesaBci, who added that he concluded an agreement with Lazard. IntesaBci bought 40% of Lazard Italy for 100 million euros and the structure will be the division that will do consulting for large clients, over 450 million in sales. Another 50 million will be earmarked for investment for the task.
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Dollar finds strength thanks to Wall Street
Dollar still strong, thanks to gains in the U.S. stock market yesterday to the news that one of the largest Saudi investors, Al-Waleed bin Talal, has increased its presence in U.S. society. A denial of fact to recent rumors that it would implement a flight of capital from U.S. markets Saudis. The dollar in mid-session fee 0.9696 per euro (0.9705 and 0.9770 Final ECB) and 120.03 yen (119.87).
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HSBC unconvincing Morgan Stanley
Analysts at Morgan Stanley were not very satisfied with the quarterly published yesterday by banking giant HSBC. Despite the Titan UK has stunned the market with slightly more than expected data, the American investment bank decided to cut its price target to 800 pence (previous 900 p.). The EPS 2002, however, was up 1% to 84 cents. HSBC sells 0.3% to 700 pence.
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Midex the light, strong volatility ’securities
FINANCE very positive this morning, with almost all of the shares in soil strongly positive leading the index to gain 2.4%. Tod’s leading the group, rising by 7.2% to 41.25 euros. The title, arrived at a maximum of 58 euros, was diverted to profit taking from the operators listed below to share 40 euros. In light also Record (+6% to 25.15 euros) after the anticipation of last week on behalf of groups, very positive results. Well also Acea (+5.18% to 4.87 euros), La Fondiaria (+8.6% to 2.4 euro). Many titles Midex heavily penalized after being the favorite of investors to benefit from better measure of the bounce today.
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ABN Amro: “One swallow does not make a summer”
The Leap of the scales today brings back a bit ‘of confidence to investors, but the clouds, unfortunately, are still visible above our heads. And ‘that’s what he thinks Salvatore Miserendino of ABN Amro. “We understand that the movement today is due to technical coatings due to several days of decline or if it is a sign of reversal. The good news is that they are coming some good news at last from the corporate side. Banks U.S. Coca Cola, Ford and Motorola have in fact complied with, if not beat, expectations of analysts. ” The moment, however, is yet to come. “In the coming days are still expected quarterly important. We’ll see if they continue to get positive news. Only then can we tell whether we have seen the minimum, or if we still suffer. If so, this would be the classic rebound opportunity to sell,” concludes Miserendino.
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Thud of IntesaBci, SocGen, “Pesa WorldCom”
Heavy decline for the institution headed by Corrado Passera. IntesaBci is leaving the field almost 5% with the title changing hands at 2.76 euros, thus approaching the levels of last February. “IntesaBci is accusing exposure in WorldCom,” says Marco Montanari of SocGen. “The esposiozione in the now former telecom giant WorldCom for $ 150 million is pushing investors to sell the stock because the heads will be forced to make further provisions. Do not worry, however, Vivendi Universal. “Unlike banks transalipine, IntesaBci is not exposed in Vivendi,” it concludes by SocGen.