continues unabated interest in Vivendi Universal, the former jewel of Jean-Marie Messier. After the heavy Scoppola recent days, the title is editorial trans scoring an increase of 8.1% passing from hand to 15.8 euros by dragging with it the entire European sector (+2.6%). Performance is also important for TF1 (+3.6%) to 26.4 euros, Mondadori (+3.5%) to 6.4 euro, Publicis (+2.5%) to 25.7 euros, Lagardère (+ 2%) and Mediaset (+2.46%) to 7.45 euros.
The French media group Vivendi Universal may soon be in a situation of credit crunch. According to calculations made by analysts, Vivendi could lead to a lack of liquidity (necessary to conduct the normal operations of the company) of approximately 2.7 billion by year end, a need which could rise to 5.5 billion by mid – 2003.
takes flight this morning, after many days dedicated to sales, the title of French media giant Vivendi Universal. The title scored an increase of 16.33% to 16.17 euros. To support the title is of course the announcement that her former number one, Jean Marie Messier, was replaced by Jean-Rene Fourtou to date member of the board of pharmaceutical giant Aventis.
Click afternoon for highways. The title of the company that orbit around the galaxy in fact the Benetton is gaining 3.29%, is confirmed as the star of Mib30. Highways therefore passes from hand to 8.61 euros. The title remains one of as favorite displays of analysts not only because of its defense but for the potential that can exploit in the future.
Lehman Brothers confirmed the Strong Buy rating on Porsche, with a target price of 700 euros a share. According to the home business, sales data for June in the United States are encouraging, and developments over the next three months will only be positive. With the title, which fell by about 15% from the peak of 2002, Lehman believes it is the right time to intervene in the purchase. At this time, Porsche passes from hand to 476 euros, unchanged from yesterday.
Tags: business, euro, euros, rating, United States
It ‘was a black day for the giant Vivendi Universal, one of those who enter the annals of scholarship. The title at the end of trading, and several suspensions for excessive decline, has lost 26.78% to 17.50 euros. Of great importance also the volumes of trade, of the hand are in fact passed 53 million pieces. One operator has reported that during the day were placed in the circuit computerized sell orders for a minimum of 50 thousand at a time. The day started badly with the news that its chairman, Jean Marie Messier, has decided to resign because now discouraged by the Board. Not only that Moody’s has decided to revise downward the assessment of long-term debt, calling garbage. But the worst came in the early afternoon, when the press trans questioned the correctness of the accounts of Vivendi. All these reports together have literally collapse tiotolo and the market has created a panic selling genaralizzato. Damage there are also around Europe, especially on the French banking stocks on suspicion of their financial exposure.
Tags: Bank, banking, debt, euro, euros, financial, market, New, report, reports, stock, stocks, trading
Deutsche Bank has started the coverage on the major phone operators in Europe, now that valuations have returned interesting. The current price levels are close to those of 1997, before the boom in mobile telephony and the liberalization of European markets. The German broker prefers shares with defensive characteristics, including Telecom Italy (buy with a target of 10.5 million), BT (buy, target to 305 pence), Royal KPN (buy, target to 5.5 euros) and Telefonica (buy, target to 12.3 euros).
Tags: Bank, euro, euros, Italy, Lev, market, markets, mobile
Back on the line of equality the Paris Cac 40 index guide that actually undo the gains chalked up during the morning. Despite a weak performance by two giants like France Telecom and Vivendi Universal earn respectively 17% and 7.59%. The red mark instead characterizes Accor (-2%), Renault (-2.2%) and Sodexho, which leaves at ground level from 4%.