Union Investment skeptical about Outlook in Germany

“We believe that the economic recovery in Germany would be limited, especially in light of the situation the U.S., making us highly unlikely to consider imminent revaluation of equities,” says Union Investment. “A growing number of insolvencies and the consequent risk of default on bank loans are further burying the hopes of a positive performance [...]

Fortis predicts devaluation € 600mln

The Belgian-Dutch financial group Fortis said it will have to resort to devaluation of the budget for about 600 million euros, due to the impairment loss on equity investments. The company, after numerous profit warnings, it has refrained from making predictions about profits and turnover for the current year.

Tags: company, equity, euro, euros, financial, invest, [...]

Prudential: -15.4% Operating profit first half

The British insurance group Prudential has closed the first half with a decrease of 15.4% in operating profit, which stood at 543 million pounds. Analysts had expected a result of 562-607 million pounds. The decline is motivated by the fall in equity markets, which had an immediate impact on the evaluation of investment portfolios of [...]

Sanpaolo-Imi suffers downgrade Lehman

The debacle of today, Sanpaolo-IMI was caused by the negative reports of Lehman Brothers. Investment bank analysts have revised their “Focus List”, advising to sell the title of the bank led by Rainer Masera. Lehman has cut estimated earnings per share in 2002 and 2003 respectively, 19 and 16% because of weak equity markets, pressure [...]

Pirelli at breakneck speed to 1 euro

bad day for Pirelli. The title of Bicocca moves today in sharp contrast marking a decrease of 3.16% at 1.0720. The figure then reached its target price of 1 euro identified by a major investment bank. Very high then trade. There are currently passed from hand 10.79 million pieces against a daily average of 14.6 [...]

Malott: “The three witches we Conditional

“We are approaching what the Americans call the day of the three witches, or the scheduled installment of futures and options and uncertainty about the level at which the right indicators is really great,” says Gabriele Malott, technical analyst Studies Investments and Securities. “An analysis of the graphs the conclusion to be drawn is again [...]

Lehman: “12 European utilities are buy”

Looking at the European utilities sector the research department of the investment bank Lehman Brothers gives no fewer than 12 reviews buy three strong buy. Among the titles to be purchased are the Italian Acea, highways and next to Enel, E. ON, Endesa, AWG, InternationalPower, Severn Trent, Fortum, Suez and Union Fenosa. Strong buy instead [...]

Vodafone (+7.1%) awarded to the City after the results

Excellent starting point for the title Vodafone the London Stock Exchange, up 7.1% to 112.5 pence in the wake of the 2001-02 results better than expectations. John Tysoe (WestLB Panmure) remained impressed especially by the company’s ability to generate cash flow, while the amount of write-downs are not a surprise. Positive as the reduction in [...]

Total Fina Elf is still under pressure

Seat decidedly bad for France’s Total Fina Elf that the Paris stock exchange marks a decrease of 1, 23%, passing from hand to 152.6 euros. A negative performance despite the title appears liked by most investment banks. Since the beginning of the year, the decrease was 3.66%.

Tags: Bank, banks, euro, euros, exchange, Franc, France, invest, [...]

Banca Akros add considers Parmalat

by the Research Department of Banca Akros comes add a recommendation on Parmalat shares, believing that the campaign of acquisitions in the last held by the company is completed. Investment bank analysts believe that the title will get an outperforming the industry and indicate a target price of 2.3 euros.

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