Start Session negative for the two titles Telecom soo at the center of the arbitrageurs. The savings shares are trading at 6.52 euros, a decrease dell’0, 84% and volumes that reach 12 million units. Ordinary, however, are more penalized because they are losing the 1, 84% at 12.72 euros with exchanges that are close to 12.5 million pieces.
The Group Credit Valtellinese announced results for the first half of the year. The net profit, up by 15.7% compared to ‘99, was equal to 23.7 billion lire. The result from ordinary activities has achieved an increase of about 80% compared to the ‘99 hit the 48 billion. Good also the trend of continuing on-line through its subsidiary Banc @ discovery, which has totaled 36 thousand customers.
Starting today, the shares of the company controlled by Fiat are removed from the list of Piazza Affari. Magneti Marelli licenses were quoted on the Stock Exchange since 1947. The decision followed opposition by the Stock Exchange Spa launched by Fiat, whereby the group of Turin has reached a market share exceeding 98% of ordinary capital Magneti Marelli.
Awaiting the Board of Directors of the galaxy today Colaninno continues to rise. In the meeting today, according to sources the company, should not be considered extraordinary transactions. But according to market participants, it is the possibility of a merger with Olivetti Tecnost to grow the titles of the group of Ivrea. Tecnost worth 4.26 euros (+12%) and Olivetti growing at 4.03 euros (+5%).
The holding company has announced via Turati hdp accounts ‘99. Last year closed with a decline in net profit, which fell to 96.7 billion from 169.9 billion the previous year. While increased the dividend, the per ordinary share increased from 15 to 20 pounds, that instead of savings has grown from 25 to 30 pounds today. Revenues have stabilized at 6.1091 trillion lire, down from 6.157 billion of ‘98. The board has also launched a stock option plan of up to 29.2 million common stock. The parent company reported a net profit of 110 billion from 111 billion. The decisive contribution to the results of last year was given by the RCS group. The group Rizzoli-Corriere della Sera reported a profit of 178.3 billion, up 52% on ‘98. Less positive assessment of the fashion industry, where for Fila has profiled a decline in revenues of 9% and a decrease GFT turnover of 7.3%. While Valentino’s turnover grew by 6.3%. Now the expectations are focused on assessments that analysts express after these data and the future stock price performance.
Vitaminic, the leading Internet community in Europe in promoting and distributing music in digital format, is ready to enter in Piazza Affari. The shareholders’ meeting, in fact, approved the request for admission of ordinary shares to trading on the New Market. The Assembly has thus resolved a capital increase up to a maximum of two million shares at the service of global supply. The placement will be led by Banca IMI, Global Coordinator, Sponsor and specialists and JP Morgan, Co-Global Coordinator and Joint-Bookrunner. The company, founded in 1999 by Gianluca Dettori, Franco Gonella Marconetto and Adriano, currently operates through six sites in Europe (Italy, England, Germany, France, Spain and Holland) and one in the United States. With its network of sites, Vitaminic offers Internet users the opportunity to explore a vast catalog of music, buy songs in digital format and form of Cd addition, artists and record companies can access Vitaminic to have a direct relationship with the public.
SAES Getters has decided to convert the preference shares outstanding in newly issued ordinary shares in profit from January 2000. The company board has also decided to propose to be held April 24 next year, a dividend of 380 lire per ordinary share, 400 pounds and 410 pounds for the privileged for savings, payable from 11 May . As for the accounts of the parent company’s net profit grew by 22.3% to reach 18.4 billion pounds, against a turnover of 74.5 billion, an increase of ‘1.2% compared to ‘98.
The negative performance of the Dow Jones is pushing downward the titles on the list related to the fateful Italian “old economy”. In particular, prices of Fiat are marking a depreciation of 2.51% to 27.17 euros, while the ordinary Pirelli lose 1, 36% to 2.61 euros.
Results of Rolo Banca in ‘99 did not disappoint expectations. Profit from ordinary activities of 1.398 billion lira has remained stable, net profit grew by 15% compared to ‘98 coming to 1,060 billion lire, thanks to big money in overtime. Particularly significant was the gains on the sale of stake in Telecom Italy, in dell’Opas launched by Olivetti. Above expectations, the level of the dividend, up from 1,100 to 1720 pounds per share, an increase of 56% over the previous year, bringing the pay-out to 71% of profits. Roe was finally equal to 21%.
is approaching the conclusion, on Monday 20 March, the bid launched by Acea water through aqueducts over Italy in Genoa. Than 53% are accessions op launched sull’acquedotto De Ferrari Galliera. E ‘was reached just now, the 53.442% of the accessions of common stock tender offer launched by Italy on the Water 100% of ordinary shares and savings of the aqueduct of Genoa. Currently under former municipal Roman Acea, gaining 3.5% on the Milan Stock Exchange and is worth 23.80 euros.