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.
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.
While dizzying market rumors about the resignation from the leadership of Jean Marie Messier of Vivendi Universal the classic game of the chairs already set in motion. According to press reports the most likely candidate to replace Messier leading the media giant, it would be Jean-René Fourtou who currently plays the role of vice president of pharmaceutical company Aventis. To support her candidacy would be Claude Bebear, the honorary chairman of the insurance giant Axa, which had been exposed in the past to find an alternative solution to Messier at the head of Vivendi. The appointment of Fourtou, as they say in Paris, is also supported by American stockholders, led by Edgar Bronfman (representing the former owner of Seagram family of the same name), which manifetsano openly their disapproval at the conduct of Messier.
The influential British newspaper Financial Times, via the Lex Column, remains somewhat skeptical about Fiat plans to resolve the budget difficulties. The passage of a 35% share of the subsidiary’s Ferrari in the hands of Mediobanca should sound like good news for the assessment assigned to the company from Maranello (2.4 billion euros, with a rating twice according to Porsche Report EV / sales). Ferrari – Lex continues – will appear to the market as a company of luxury, although the merchandising activities to date, registered a turnover of just 18 million. The entry of Mediobanca Ferrari then, that will happen at a price so high, can be justified only by the desire to re-establish closer relations with the Turin carmaker, with a return to the old logic of “lounge”.
Tags: British, company, euro, euros, financial, Lat, market, New, rating, report
Liberty Media is trying again and this morning there is circulating the news of a possible new offer on the cable division of Deutsche Telekom. How to tell who dies is affected. “John Malone is an entrepreneur experience,” said James Enck, an analyst at Daiwa Securities has issued on the German telecoms operator underperform rating, “knows the European telecommunication market, knows when to intervene: the expected difficulty of the company to knock on the door. E ‘fell back into play in the moment of worst crisis of DT, in order to obtain a discount on cable. On the other hand, knows that Ron Sommer, the company needs liquidity. ” Four months ago the German autority had refused the offer from 5.5 billion euros made by American tycoon. “Today things have changed,” the analyst continued, “I predict that the new supply of Liberty fluctuate in a range between 2-3 billion euros.” “We must take into account”, then concludes Enck, “that Germany has a high penetration of PCs, but is poorly developed in the market for cable TV. Malone might then find a little busy and profitable business.”
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After being suspended at the beginning, is now back on the list the title of Ontario who is leaving the field to 1, 4% to 1.09 euros. The company has launched this morning on Biancocelesti its new share issues, which will end on July 15 and will be used to finance the purchases of the new campaign club. In red even now Juventus losing 0.22% to 2.3 euros. Unchanged, however, the evolution of Rome, the third Italian football clubs listed.
Tags: company, euro, euros, finance, market, markets, New, stock
Today the European market may perceive the now famous domino effect triggered by finalndese Nokia, the world leader in mobile telephony, which has revised downwards its estimates on TOPSELLER for the next quarter. News that affects not only the manufacturers of mobile phones but also the companies that produce the necessary technology. Among the producers point out the red mark of Germany’s Siemens, which leaves on the ground for 1, 02%, and the French company Sagem, which loses the Paris stock exchange on 1, 15%. Alcatel also hurt that leaves at ground level from 2.75%. It continues the descent of the titles of smart card manufacturers, the core of every mobile phone today Gemplus loses 1, 89% and worse is Oberthur Card with a decrease of 6.89%.
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Autogrill not abandon John Wayne Airport in Santa Ana (Los Angeles), where the subsidiary HMS Host has extended the grant for the airport service catering. The same company also won the concession for the airport of San Antonio (Texas), lasting seven years and which would grant 16 million euros in revenue.