Posts Tagged investment
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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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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Remote-controlled banks Fiat Group
“It is now clear, after the departure of Paolo Cantarella, who are the banks to roost on her Fiat,” says an operator of a primary SIM in Milan, who continued: “The consortium of banks who have put in place to save the Lingotto now points to not lose their investment even if it means bringing the Fiat Auto as a dowry to the American General Motors. “
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Mediaset in the spotlight thanks to Morgan Stanley
While the letter is hitting the ball TMT, the outstanding performance of Mediaset, which is increasing by 1, 3% with the title again as it approaches the threshold of EUR 9. The company led by Fedele Confalonieri was upgraded by Morgan Stanley, which has recommended the purchase in a report expanded to all the European media. The investment bank’s research department in fact reported as favorite titles including the French TF1.
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Bulgari: Singapore file their share
Consob announced the same day that the investment company of the State of Singapore has filed its holding Bulgarians, taking it from 3.8% to 2.9%. The operation took place on May 15. Be remembered that the Asian company is also present in Tod’s with an interest of 2%. The title moves in soil leggermete positive (0.3% to € 8.3 million) to just under half an hour of the scales Americans.
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Moscow: “Exchanges low coupon adjustments”
Round Square with a few ideas for business has to deal with the ex-dividend of many companies (94 ndr.). “The meeting today is characterized by reduced trade,” says Edoardo Mosca of New Investments. “Some European stock markets closed, the adjustments for dividends, fears of new attacks by Bin Laden and the weak U.S. dollar are affecting the start of this week. Prevedible a fix for today as Wall Street, in spite of European markets The last eighth scored a substantial increase.