Crespi, active in the production of plastics and composites, announced the repurchase of 25% of Orsa Foam, a company already held 50%, which produces polyurethane foam. The transaction amounts to 2.7 million. 25% of the company will remain in the hands of Recticel, a multinational leader in the field of polyurethanes for the automotive market. Title Crespi halls of 2.77% to 0.977 euros.
The semiconductor sector headlines this morning is affected by the red marks, with the exception of ASML, which marks a rise of 1, 27% to 14.33 euros. In ground negative exchange Philips, which lost 0.04%, ST Microelectronics (-1.54%) and Infineon lost 0.36%, passing from hand to 16.44 euros.
British Airways and Iberia are evaluating the project to create a joint venture airline that will travel on routes connecting Spain and England. The British company has also initiated similar talks with other airlines including American Airlines, Cathay Pacific and Qantas. Meanwhile, BA and four other airlines (KLM, Lufthansa, Scandinavian Airlines and BMI), have joined forces to protest against the decision of the European Commission endorsed the recapitalization of 1.4 billion euros in Alitalia.
Another week in the dropdown box for the London Stock Exchange, with its meeting on Thursday that the Footsie has slipped to below the minimum of last September by clocking the minimum of the last 5 years. Especially the weak banking stocks and insurance, while there has been a renewed interest on the phone. Among individual stocks, the best in the week were Friends Provident, mmO2 and Xstrata (ending on the levels of last Friday), while among the worst we remind Aviva (formerly CGNU: -16.02%), Sage Group (-15 , 96%) and Prudential (-15.14%).
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The title on the list of strongest Mib30 for the week is about to conclude it was Pirelli. The title of Bicocca starts to close the eighth with an increase of 0.88%.
Morgan Stanley issues a new target price of 47 euros for Dassault Systemes, confirming the equal-weight rating on the French software company. According to the U.S. broker, the license fee at a discount to the multiple historical, but the potential upside is limited by the medium-term growth prospects remain weak. At this time, Dassault Systemes exchanges in Paris to 40.08 euros (-8.62%).
After completing the purchase of 50.8% of Bouygues Offshore, Saipem announced it had filed with the control bodies of the French market, the prospectus for the tender offer the remaining shares in Bouygues Offshore in the hands of the public. The offer price is 60.08 euros per share.
The international scandals are rampant, Bush screams all his anger against rogue administrators but in Italy the only thing that moves is the Consob. Today, the new regulation enters into force broadcasters, representing a further crackdown on some delicate aspects of the public disclosure of significant transactions. With the greater transparency sets with terror will not be possible type operations Seat-Tin.it.