LVMH has presented this morning the results for the last quarter of 2001, revenue grew by 5% over the same period last year. Falling sales of 4%, because of terrorism, despite a significant recovery in the month of December through the Christmas period. Red mark this morning for the title losing 0.25%, passing from hand to 43.75 euros.
The title BT Group shows weak today the London Stock Exchange, after negative comments from Lehman Brothers. The broker has reduced its earnings estimates up to 20%, emphasizing the relative overvaluation of the company. The rating remains Market Perform, while the target price is cut from 310 to 260 pence from Lehman, which suggests “switch” on Vodafone. At this time, BT Group leaves 1 .3% to 229 pence, Vodafone withdraws 1 .1% to 159.75 pence.
OnBanca announced a growth of 2.2% in the number of current accounts in the fourth quarter of 2002. A disappointing result according to analysts at ABN Amro. “The major online brokers have reported very positive results for the last three months of the year”, shall ask the Dutch bank, “Just think that Consors announced 10,000 new accounts last quarter of 2002. Therefore OnBanca will have difficulty reaching break even by 2005 with a total of 29,631 customers at the time. ” ABN Amro then considers the title of veteran OnBanca.
Good news for Freenet.de, the Internet unit of Mobilcom. The company announced that its customer base has increased by 48% in the fourth quarter, growing beyond the wildest expectations. In particular Freenet was the end of ‘99, 820 thousand customers, up from 750 thousand expected. The company’s shares almost tripled on the Neuer Markt in Frankfurt last month. To attract investors in particular e-commerce and increasing access. The title earns now on 8, 06%.
The CAC 40 is racing in Europe. The list of the major French titles is gaining ’s 1.75%, making it the first in Europe. The stock index is dragged securities hi-tech and media companies, such as Lagardère and Canal Plus (+6%), by Hachette (+4.6%), Vivendi (+2.6%). Although France Telecom, after days of weakness, today registered a rise of ‘1.7% to 117 euros.
Despite the rupture of the agreements with pop. Vicenza, the title of the institute is doing Novara record a substantial increase (+5% at an altitude of approximately € 7.02). According to analysts, in fact, you could set up a framework of new alliances with her most popular banks of the North (or Pop Pop Milano Bergamo). Pop Novara could also play a key role in the overall reorganization of the banking system, considering the interest shown by many lending institutions of national importance.
Actinvest has reconfirmed its buy on Benetton. The company in Ponzano Veneto, according to analysts sim, could reach the price of 2.7 euros.
It is back to talk about her engagement to Glaxo Wellcome and SmithKline Beecham, which announced that they had resumed negotiations for a union. The merger between the second and the third company in the pharmaceutical industry could be worth more than English 180 billion dollars. Previous negotiations had failed because the band’s managers had failed to agree on who of the two companies would lead the other. But the pressures towards a merger, according to many analysts, are becoming stronger because of rising costs of research and marketing. Continue to earn, even though in a less decided, SmithKline Beechcam with 5.62%, +3.85% and Glaxo. The latter is slowed on its way from the block of advertising by the U.S. Food & Drug Administration for its flu shot that would have a milder than it had been advertised by the company (Play confidential)
After opening on top of Wall Street el’impennata the Nasdaq (+2.3%), Paris is preparing to tap an increase of 3% to touch the 5800 points. Thomson CSF, a company that develops products for military defense, after being suspended for excessive increases in the early afternoon, was readmitted at 38 euros, realizing at this moment, a rise of 12%. France Télécom, as with all titles by telephone, is recording an increase of 3.5%, exceeding $ 120.
Acea has picked up. The former municipal Roman, captained by Paul Cuccia, gaining about 3%, following the excellent performance of Terra Networks, the spin off of the Internet phone company Telefonica, which opened with a 21% rise in the stock exchange Madrid. Acea has concluded, in fact, just two weeks ago an alliance with the Spanish operator to provide telephony services on the Italian territory.