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 Italy, decided to sue the company for misleading advertising Parmesan. The appeal relates to the quantity of a substance, Omega 3, which adds a type of milk sold in Italy. 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 Real.
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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
Without Vieri & Co Basicnet remains in the pits
For Basicnet the elimination of Italy from the world has a taste more bitter. The title of the sportswear company is currently under suspension for excessive downward. The theoretical price of pre-opening is 1.34 euros, equivalent to a loss of 35.8%. The cause of the collapse is related to the blue shirts of that, now that Italy is out of the game, they risk a sharp fall in sales.
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JP Morgan marketperform on Generali
JP Morgan reiterates its recommendation marketperform on Generali, with a target price of 32 euros. Analysts have noted positively the choice of generals to reorganize its operations in Italy bank insurance, which will result in cost savings and increased sales through the network of Understanding. Positive signals also came from the French market 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 euros, while in 2003 it was indicated at 1.2 euros.
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NM: Numtel up; good Tiscali, Chl, and Digital Bros
Nokia’s excellent session also involves the New Market, with the Numtel than an hour from the end of trading is ahead by 1%. Good performance of Tiscali, rising by 3.9% to 7.67 after signing the agreement with Telecom Italy 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 euros) and Chl (+7% to euro 3.35 with volumes ). Digital Bros also did well (+4.8% to 4.04 million) after the departure of interactive games with Cellcast.