Swiss Life: first half loss, announces cuts

The Swiss Life Group has reported in the first half of the year a net loss of 386 million Swiss francs, against a profit of 253 million recorded a year ago due to writedowns of about 624 million francs . Extraordinary expenses are primarily related to participation in Banca del Gottardo, which has accounted for [...]

Trevi, the 1 st half ends in loss

Trevi has closed the first half of 2002 with results in slight decline from the same period in 2001. Revenues of 163.3 million euros (184.4 million in the first half of 2001), an EBITDA of 15 million euros (15.5 million against the same period in 2001) and an EBIT of EUR 6 million euro (7.6 [...]

Gutty abandons the Lion, in its place Bernheim

General officially announced the resignation of Gianfranco Gutty as president of the Trieste. His place will be taken by Bernheim, as already anticipated from various sources. Separately, the company reported in the accounts of the first half of a depreciation of portfolio securities from 1.545 billion euros, while net profit falls to 51 million from [...]

Campari: acquisitions to grow revenue and earnings

rises to 306.5 million euros (+31.2% over the same period in 2001) the turnover of the first half of Campari, but the growth is entirely attributable to recent acquisitions. The growth boundary was in fact equal 1, 2%, slightly handicapped by the depreciation of the Brazilian real. Faster growth in turnover for the margins, with [...]

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, [...]

Piazza Affari in red

Stock Market takes a breath Milan. The NASDAQ is in decline by 0.25% due to profit taking that Stan hitting ST, the securities of Bicocca, Fiat. On the positive side, however, Italgas, Eni and Bulgari.

Tags: gas, market, nasdaq, profit, stock, stock market

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Marzotto “scuppered” by Hugo Boss

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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 [...]