The stock market seems to appreciate the work that will Unicredit, if the bid is successful, to take control of Onbanca. Stock price is so Onbanca yesterday at 31.61 euro jumped nearly aligned with the offer of 32 euros Unicredit. However, analysts seem to express caution, especially on price.
The revised price target again, this time made by Morgan Stanley (new target to 3 euros), breaks down the title Tiscali, which is close to the price quotation in the IPO. The action goes hand in fact share 4.87 euros, down by 3.9% and volumes almost double the average. In Europe, Wanadoo, which announced the results today, and T-Online, are in positive terrain. Numtel unchanged.
Quarterly chiaroscuro for Tc system, active in the trade of computer equipment and supplies solutions and services in the business segment. In the third quarter of the group, a sort of litmus test of the industry for its exclusive focus in the business sector and medium-size Miodio-large, had a turnover of 44 million, bringing revenues for the first nine months of 126 million (-18 , 4% over the same period last year). Gross operating profit (EBITDA) in the nine months to 7.91 mil shares. (+1.5%) And operating profit (EBIT) to 2.4 mil (-51%), partly due to the amortization of goodwill acquired stakes. Profit before tax at an altitude of 980 thousand euros (-74%). The difficulties come from the products, which continues to show signs of the crisis of IT investments, solutions and services to the opposite joint growth of 32.2% and now account for 38.5% of sales. Net debt at an altitude of 41 million shares.
bad day for the titles of the oil sector, which traded under the pressure of sales. Leading the declines is the Dutch Royal Dutch that the Amsterdam stock exchange marks a decrease of 6.18% to 46.72 euros. In sharp downward even France’s Total Fina Elf (-4.20% to 148.10 euros) and Spain’s Repsol, which leaves at ground level from 4.18% to 11.70 euros.
They can not take back the giants of Europe. After the “Scoppola” last week, after exposure to companies in crisis and the contraction of margins, Munich Re has fallen by 3.4% to 215 euros, Allianz sells more than 2.4% to EUR 180 , ABN Amro (-2.8%) to 15.5 euros, Commerzbank (-2.5%) to 13.50 euros, SocGen (-2.2%) to 56.1 euros, ING is in decline ’s 1.8% and Deutsche Bank (-1.4%) to 66 euros. Resists, however, France’s Axa (-0.2%).
continue downgrade by S & P player on the ball tmt. Having announced this morning cutting on Alcatel, the ratings agency lowered its recommendation on the long-term basis and on that of France Telecom’s subsidiary Orange, leading to BBB from BBB-. E ‘was instead repeated the proceedings A3 short term. The reduction was linked to the difficulties French telephone operator to refinance its debt. At this moment the title of France Telecom is gaining the 11, 44% to 13.73 euros. Less brilliant, however, the performance of Orange whose title is giving up 6.65% to 4.65 euros.
not exactly a brilliant debut for the latest freshman Piazza Affari. Asm Brescia, it’s trading at 1.845 euros, a decrease of 0.27% compared to the placement price (1.85 €). Remember that the price IPI was fixed at 1.85 euros per share against 2.1 set as a minimum of a fork.
Launch bright for the sector of telephony in Europe. In Paris, France Telecom is gaining 7% to 13.19 euros on rumors of a possible divestiture of TDF (assessed 2-2,3 billion). Well also the subsidiary Orange, rising 6.42% to 4.64%. In Frankfurt, Deutsche Telekom stands the rise (+4.6% at 12.14 euros) pending important news on the future of senior management. In London, finally, it highlights Vodafone (+6.7% to 92 pence), which yesterday had largely outperformed the UK price.
fall into trading giant German technology. Sap is losing 14.8% with the title changing hands at 74.1 euros after warning on revenue in the second quarter. SAP has announced that it will comply with the expectations: the new growth estimates are between 5% and 10% (previously 15%). SAP said it had paid extra expenses for 414 million because of writedowns of investments in the U.S., including 318 million for minority stake in Commerce One.
Travel in sharp contrast to the market development Cremonini. The company’s stock is in fact going up emiliana 2.9% will exceed 1.60 euros with volumes more than double the daily average. Cremonini is benefiting from the indiscretions of the press in which the group would be interested in the dissemination of Italy restaurant chain Planet Hollywood is part of the Saudi Prince Al Walled.