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 [...]

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 [...]

LVMH revenue up despite the World Cup

The World Cup football has kept many tourists away from Japanese and Korean luxury shops. A situation that has been felt on the business of LVMH, which has presented this morning the results of its semi. Despite the football, the French group reported in the first six months of 2002, a turnover amounting to 5.82 [...]

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 [...]

A rebound and the Nikkei is stabilized

The main Japanese stock market after the heavy fall yesterday, today gave signs of recovery in the Nikkei, which closed the session with a gain of 1, 31% at 10,612 points, while the broader TOPIX index of ‘1, 06% at 1022 points. Trade affected mainly technical rebounds, while among the titles are reported Toshiba (+3.4%).

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SEMI: report inventory / sales of 1.26

The Association Semiconductor Equipment and Materials International (SEMI) said that North American manufacturers of semiconductor equipment showed a relationship between inventory and sales of 1.26. This means that new orders were received for approximately $ 126 each $ 100 of product billed. The association provides an improved business infrastructure for chips in late 2002 and [...]

Average, a buy on the rumor tip Havas

Havas driving the securities industry average with current growth in the title, 1, 4%. To push the French group is the (denied by the same company trans) that would have begun negotiations for the purchase of Britain’s Cordiant Communications. Crisis, however, the title that is leaving the M6 at ground level from 3.22%, despite the [...]

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 [...]

Telefonica crying for Argentina

blame the economic crisis that hit Argentina. Telefonica, the largest telephone operator Iberian, accused in the first quarter of the year, many delays because of the country’s economic difficioltà Latin America. Within three months, in fact, the Spanish group has carried forward a decline of 72% of its net profits amounted to 121.1 million millionsof. [...]

FT, Vinciguerra excludes new share issues

“France Telecom does not need to sell new shares to cut its debt.” These are the words issued by Jean Luis Vinciguerra, chief financial officer of FT, which appeared today on a French newspaper. “With our credit lines and the large liquidity in hand, we can achieve all our goals without having to implement a [...]