Posts Tagged Italy

Parmalat Brazil slips sull’Omega 3

Gran courts in Brazil to Parmalat. The Departamento de Proteção and Defesa do Consumidor, a body overseeing the fraud to consumers equivalent to many associations in , decided to sue the for misleading advertising Parmesan. The appeal relates to the quantity of a substance, Omega 3, which adds a type of milk sold in . This would have been less than advertised. Parmalat will have to replace within a couple of months with as many cartons of milk which comply with the advertised, otherwise the fine would be 10 million .

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March: “Fiat Auto remains in Italy”

The Minister for Productive Activities Antonio Marzano is the guarantor of the permanence in the hands of the Agnelli family of Fiat’s auto sector. “I had assurances from ownership that this intention is not there” Marzano said on the sidelines of a parliamentary hearing. Marzano added that “so much so that there is a put option agreement with GM, but there’s a call.”

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Olimpia Group positively

Starting on the right foot in the securities of Bicocca. Olivetti is rising by 0.9% to 1.023 , Pirelli halls of 2.39% to 1.07 , Tim rose 1, 38% to 4.10 , Telecom 0.79% to 7 Seat 5 and 1%.

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Without Vieri & Co Basicnet remains in the pits

For Basicnet the elimination of from the has a taste more bitter. The title of the sportswear is currently under suspension for excessive downward. The theoretical price of pre-opening is 1.34 , equivalent to a loss of 35.8%. The cause of the collapse is related to the blue shirts of that, now that is out of the game, they risk a sharp fall in sales.

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Thud of Tim and Pirelli, giu ‘Telecom also

Do not you stop the descent of the two operating of the group Olympia. Accomplice the debacle of (-6.8%) and Deutsche Telekom (-2.8%), the bear is fun to hit Tim (-2.98%), whose title has fallen below the threshold of 4.30 , but also Telecom that gives 2.84% to 8.22 . Black day for Olivetti (-2.8%) and Pirelli (-3.38%) after the strong rise yesterday.

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JP Morgan marketperform on Generali

JP Morgan reiterates its recommendation marketperform on Generali, with a target price of 32 . Analysts have noted positively the choice of generals to reorganize its operations in insurance, which will result in cost savings and increased sales through the network of Understanding. Positive signals also came from the French where it generally to the expectations sovraperfromato reporting a combined ratio (103.8%), inferior only to that of AGF and Axa. The EPS forecast by JP Morgan on 2002 is 1.05 , while in 2003 it was indicated at 1.2 .

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Fresh: “The Fiat and ’strong’

“We have only one problem, though large, and is called Fiat Auto. And ‘a problem we are facing and that we can solve.” These are the statements of President Paolo Fresco at a known national newspaper. “Groves and his team are working on this. The other group are fine. CNH, despite a difficult economic situation, is gaining more than last year. We are leaders in tractors. Iveco has suffered less than other competitors contractions of the . Toro is the fastest growing insurance in and will soon be affected positively the agreement between Banca di Roma and Bipop, which opens a space. Fiat Avio and ‘ leader in its field. E ‘frustrating, admits Fresco, Fiat hear about the crisis.

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Telecom and Tim on the maximum

complicated the positive signals coming from overseas and recovery-flash for , which rose from -8 to -1%, combined with the recovery of Deutsche Telecom and , are pushing on most of the two operating Olympia Group. Tim is going up 0.61% to 4.32 while Telecom earns almost 1% to 8.20 .

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NM: Numtel up; good Tiscali, Chl, and Digital Bros

’s excellent session also involves the , with the Numtel than an hour from the end of is ahead by 1%. Good performance of Tiscali, rising by 3.9% to 7.67 after signing the agreement with Telecom and interaction to the exploitation of a backbone network 6,600 km. Also positive e.Biscom (36.4 million) while among the minor titles stand out performance of TXT e-solutions (+11.13% to 26.46 ) and Chl (+7% to 3.35 with volumes ). Digital Bros also did well (+4.8% to 4.04 million) after the departure of interactive games with Cellcast.

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Telecom, comes the promotion of S & P

enter the good news for Telecom and for the entire group Olympia. agency Standard and Poor’s has in fact risen from stable to positive outlook for Telecom . The decision is based on improving profile of the . Confirmed ‘ also stable for Olivetti. Telecom is increasing, 1, 20%.

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