1- Mps: all the details of the plan that sends the stock market up and down
The BoD unanimously approved the plan which envisages a capital increase of 5 billion and the deconsolidation of non-performing loans within the year, with the aim of bringing the bank back to profit at 1,1 billion. The CEO Morelli presented it to the market but after a surge of more than 20%, the abrupt about-face: the stock sinks and drags the entire price list downwards – Only success fees for the banks in the consortium. Read the article by Ugo Bertone.
2- Mps and Borsa: end of the spell
The new Mps plan does not convince the market and the stock loses 15% dragging down also Piazza Affari (-0,44% after a long rally) - Yoox, Ubi, Bper and Saipem also do badly - Luxottica, Unipol, Snam, Ferragamo, Tenaris, FCA and Banca Ifis. Read the article by Maria Teresa Scorzoni.
3- FCA: record quarterly results and new 2016 guidance
In the third quarter, the group led by Sergio Marchionne recorded net revenues of 26,8 billion euros, ebit up to 1,34 billion and net profit higher than expected at 606 million – 2016 targets revised upwards – Title runs to Piazza Business. Read the full article.
4- Exor-Fca first in Italy for revenues, Enel surpasses Eni
MEDIOBANCA R&D SURVEY – Eni, after being the first in terms of revenues for 13 years until 2013, also loses second place and slips to third place, overtaken by Exor-Fca which records a turnover of 136,4 billion euros. Read the full article.
5- Esselunga, Caprotti leaves 75 million to the secretary
The founder of Esselunga, who passed away in recent weeks, left his heirs around 150 million in savings deposited in two securities accounts. Read the full article.
