Posts Tagged profit
Tobacco Uk undermined by Philip Morris
securities linked to tobacco being beaten today to the City, after the profit warning announced yesterday by U.S. giant Philip Morris. At this time, British American Tobacco slipped 5.2%, Imperial Tobacco yields 2.9% while Gallaher Group arrears of 0.4%.
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M. Stanley and ‘underweight on Alcatel, target drops to € 3
Morgan Stanley has cut its price target on Alcatel, ranging from 4 to 3 euros. The recommendation on the title remains Underweight. Recent announcements suggest a further weakening of business in the United States, with profits warnings from Nortel, Tellabs and Lucent Technologies. Also has concerns about the short-European markets. At this moment, Alcatel is trading at 3.14 euros (-6.27%).
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Profit taking on Mediaset
Take the profit taking on the title of the company led by Fedele Confalonieri. Mediaset is in fact losing slipping 3.26% to 7.30 euros after the increases of recent days following a positive half-yearly and positive views expressed by Lehman Brothers and SSB. We should also mention that today UBS Warburg downgraded some of the industry giants like WPP and Havas.
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Profit taking on IntesaBci
False start for the title of the bank led by Corrado Passera. IntesaBci is in fact recorded a decline of 1, 32% with the action that has slipped to 2.40 euros. IntesaBci scored two consecutive positive sessions with the presentation of the new three-year plan to Plaice.
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Bertelsmann wants to expand in the U.S.
Gunter Thielen, the new CEO of the German group Bertelsmann, has reiterated that it intends to aggressively expand into the U.S. market of music and the magazine. The growth in the United States, said Thielen, it will be through major acquisitions, but thanks to improved profitability in its divisions and some small and occasional purchase.
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Merrill Lynch cuts fair value on Barclays
Merrill Lynch has lowered the estimate of fair value on Barclays, bringing it from 660 to 580 pence, while keeping unchanged the Buy recommendation on the stock. Behind the decision, the review of asset allocation model that adjusts to the methodology used for the Continental Company. In addition, Merrill Lynch believes that Barclays could feel the impact of lower profitability of the segment Life.