Bags, and ‘prevailed downward

Major European markets have closed the reporting dips. The index was more animated than the Spanish (-0.91%), where Repsol has affected the decision to sell 23% of its shareholding in Gas Natural which caused the slip of the title (-5.04%) . The oil company, for its part, has left the field to 4.3%. Even bad [...]

Repsol sells 23% of Gas Natural

Repsol, the largest Spanish oil company, has decided to offer for sale a share, or 23%, held in Gas Natural. The offer will appeal mainly to institutional investors and advisors operation will be Goldman Sachs, Morgan Stanley, Banco Bilbao Vizcaya Argenta and La Caixa. Repsol is present in natural gas with a stake of 24%. [...]

Erg: to buy back away

The oil group Erg Genovese gave the green light to the plan to repurchase its own shares (buy back) approved by the Board on 27 April.

Tags: Oil

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BP Amoco rising through the cold winter

Another rise in oil securities after the mini rally in crude oil prices on Friday rose by 4% due to forecasts of a colder than expected winter that will increase the use of fuel for heating. The European leader BP Amoco in London now represents an increase of 2.13%.

Tags: euro, Oil

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New acquisitions for the group Saiag

The group Saiag, through its subsidiary Comital, formalized the acquisition of 80% of Tonka, a company that operates in the consumer sector with the production of cleaning tools for the home. With this acquisition the Comital, active in the lamination of aluminum foil and its conversion into packaging, will expand its presence in the market [...]

Eni out performer second Goldman

Goldman Sachs has announced that it has initiated coverage of some titles in the European oil sector including Eni. The opinion on the title of six-legged dog is market outperformer, common to that of the Spanish group Repsol, which may soon according to rumors, convoluted in their wedding with the Italian Eni.

Tags: euro, market, Oil

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MSDW lifts its target price for Saipem

The research department of Morgan Stanley Dean Witter has confirmed the strong buy rating on the title Saipem and raised its price target, leading to 8 euros from 7.2 euros earlier. The title meanwhile gained more than 3%, in sharp contrast with the index of Milan. The return to the old economy and the decision [...]

In London, nervousness prevails

Close to the bottom for the FTSE marks – 0.86% at 6411 points. The market is waiting for the decision tomorrow, the Bank of England might raise interest rates again. Today the market has shone the oil company BP Amoco (+9.8%) thanks to record oil prices rise, while British Telecom (+2.6%) has recovered thanks to [...]

Eni in red, weighs the quarterly

You start to close in negative terrain the title of six-legged dog. Eni has in fact filed all the gains of the day: -0.31% to 16.75 euros after a maximum intraday 17.08 euros. To weigh on oil is the title trimetrale. Eni has made an operating profit of 2.7 billion euros, 4% more than in [...]

Banca di Roma stable at the Milan

In small gains today the title Bank of Rome. “There are no specific news on the title-says an analyst from a home-Italian investment is just recovering a bit ‘of soil after applied concurrently been sacrificed much in recent weeks. The return of interest on the banking sector in times of difficulty for the technology sector, [...]