Posts Tagged Lat
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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Galateri leaves the executive committee of the Sanpaolo
European telecoms downturn, France Tel shines only
Another bad day for telecoms in Europe, affected by the returns for new fears about the reliability of company accounts and due to persistent weakness in U.S. markets. Licenses are worse today Sonera (-5.51%), Vodafone Group (-4.94%), Tele2 (-4.51%), Portugal Telecom (-4.28%), Cable & Wireless (– 3.92%), Orange (-3.62%) and Telenor (-3.40%). In contrast France Telecom (+4.55%) on speculation about a possible return under the wings of the state.
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IntesaBci, strong exposure to Vivendi
IntesaBci circulated on the market confirms the fears about the exposure to Vivendi. IntesaBci announced that exposure to the companies belonging to Vivendi Universal is now around 180 million euros and one on group company Vivendi Environnement to around 160 million euros. “It’s commercial relations with a smooth flow,” says a spokesman for the institute.
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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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M. Stanley: “Too much fear (not) to buy”
Jay Pelosky, global strategist at Morgan Stanley, says very concerned about the weakness of the dollar, a real thorn in the side of the equity markets at this time. “The United States will experience low growth in the years to come. Everyone is disappointed by the collapse of stock exchanges, but only now are emerging fears of an excessive devaluation of the dollar, with the risk (for the moment quite remote) of a real collapsing the greenback. Nevertheless, the manager does not seem pessimistic about the future prospects of the equity. “The markets have reached a deep oversold and are going through a phase of high volatility, due to the uncertainty on the recovery of corporate earnings. Overall, the stock is above the minimum in September to just 700 basis points. Trimester in progress, however, should represent a turning point for U.S. companies, with a return to profitability and then to the p / e lower. According to our valuation models, the equity is undervalued by an average of 15% and therefore could be considered rather interesting.
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Basicnet expected profits after the race title
The euphoria reigns home Basicnet, since the title has scored in recent weeks, record increases. Dizzying performance that created a lot of confidence around the group of sportswear that distribusce through controlllata Kappa sportswear to the Italian national football team. In the morning, Franco Spalla, said that the group will return to net profit at year end. At this moment the title is Basicnet breather after the big race yesterday, marking a decrease of 2.72% to 2.68 euros.
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Luxury in the storm, outlook gloomy
Hard times for the luxury sector. The securities industry can not recover from the crisis and draw the attention of investors. Experts say the recovery will not come soon to this sector. The half-fact should be flat and then look to September to see if sales will catch up. The advice is to search for titles cheapest and best prospects.
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Deutsche Telekom: debt concerns still
Seat difficult for the German giant Deutsche Telekom, which this morning has tested its new low. Now the title scored a fall of 4.42% to 10.17 euros. A concern to investors is always the huge debt accumulated by the telecom, and this morning the chief financial officer of Deutsche Telekom has admitted that in the first quarter of 2002 there has been no progress in its reduction.
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BNL resist in positive terrain
Resists slightly upward BNL, after the race yesterday which has crowned the title star of Mib30 with an increase of 2.77% against an index of blue chips lost 0.75%. Today, the title of David Croff marks a rise of 0.14% to 2.1550 euros. Yesterday circulated the news of the upcoming wedding with MPS to celebrate thanks to the Spanish BBVA, willing to sell their 14.98% of BNL. But yesterday evening the cold shower. The Spanish have said in fact that it had opened negotiations for the sale of that share. The market still continues to gamble on marriage, also blessed by Antonio Fazio May 31 last year. Among other things, the Sienese are increasingly willing to shake the timing of the operation.