ON A2A AND BANCO POPOLARE SCUDI
LUXURY SLIPS BEHIND TOD'S -5%
Session dominated by uncertainty awaiting a possible agreement in Washington on the public debt ceiling.
In Milan the FtseMib index it closed with an increase of 0,19% to 18917.
Almost unchanged other price lists: Paris +0,07% Frankfurt -0,01%. London rises by 0,32%. Madrid +0,33%.
La United States Stock Exchange, open even though Columbus Day is celebrated in the USA (bond market closed) is still conditioned today by the stalemate in the negotiations in Congress on the 2014 budget and on the public debt ceiling: the Dow Jones index -0,24%, S6 P -0,36% Nasdaq index down by 0,08%.
The most sensational news in Europe is the collapse of PSA Peugeot Citroën – 11% in Paris after the plan for a capital increase of at least 3 billion euro reserved for a company controlled by two new subjects emerged over the weekend: the Chinese Dongfeng Motor, already a partner of the house in the East, and the French state.
Loses strokes on Wall Street General Motors -0,6% which controls 7% of the French house.
Fiat gains 0,23% on the wave of finally positive data on the car market in September. CNH Industrial loses 1,9%.
Moral under the heels for the big names in shoes. Tod's -4,96%: the company, in some meetings with investors, would have warned that the business trend in Italy remains weak. Geox-3,3% (after +9% last week). The 2013 turnover will drop to 750 million (763 million consensus, 808 million revenues in 2012) and an ebitda to 20 million (from 59 million last year and compared to 50 million consensus). Equita expects a net loss of 18 million and together with Kepler Cheuvreux also foresees a difficult 2014.
Down with the rest of the luxury. Ferragamo -1,83%, Yoox -3,7%, Cucinelli -1,5%, Safilo -1,6%.
The best titles are A2A +3,71% and Banco Popolare + 4,56%.
Unicredit +0,18%, according to the German weekly "Der Spiegel", the bank is preparing the placement on the stock exchange of the German subsidiary Hvb to strengthen its assets. Hvb denies.
Understanding -0,45%. The new CEO of Messina has confirmed that there will soon be a new business plan.
I'm on the rise Monte Paschi +2,71%, Ubi Banca +2,3% e Mediobanca +1,55%.
Finmeccanica -0,45%, Ansaldo Sts +0,72%. The unions, after a meeting with undersecretary Claudio De Vincenti, revealed that the government has already initiated contacts with General Electric in the context of the search for the majority shareholder of an Ansaldo Trasporti holding company to be incorporated into which Ansaldo Sts and a restored Ansaldo Breda would converge. Equita believes that the probability that a deal will involve a takeover bid on the minority shares of Ansaldo Sts is greater than 50%.
In view of the meeting of the shareholders' agreement, the purchases of Rcs +1,8%.
Avanza Telecom Italia +1,39%. After BlackRock, Danilo Fossati's Findim also rose to 5,005% from the previous 4,999% stake in the giant TLC. The presidents of the Industry and Infrastructure parliamentary commissions have filed a motion to commit the government to introduce amendments to the Consolidated Law on Finance, which trigger the obligation of a takeover bid when a person achieves de facto control of a listed company. In this way the ascent of the Spaniards could be blocked. For Equita the speculative appeal would be nullified.
Tim Brasil is not for sale. Word of the CEO Rodrigo Abreu, the managing director of the Brazilian telephone company in an interview with a local newspaper. “The controlling shareholder has clarified that there is no ongoing process of selling Tim Brasil, formally or informally,” Abreu told Estado de S. Paulo.
Carraro rises by 6%, on the highs of the year. Also high for Sogefi +5%.
Poltrona Frau +2,5%. The Luxury Interiors division of the Italian group will collaborate with the Italian architect and designer, Fabrizio Fabris, for the creation of the Algerian auditorium. The 3 million contract has enabled the division to reach 100% of the order book envisaged for the entire year as early as September.
