Fox Business - The Power to Prosper
Search Site

UniCredit SpA

Global Markets Rally on U.S. Fed Hopes

European equities advanced on Monday, led by telecom shares after the sector was buoyed by fresh merger and acquisition talk, although investors stayed cautious ahead of this week's meeting of the Federal Reserve.The telecoms sector rose 1.6 percent, helped by a 2.7 percent rise in Spanish telecoms company Telefonica after a report in newspaper El Mundo that the government had blocked a 70 billion euro ($93.4 billion) tender offer from AT&T for the company.Telefonica denied it had received any approach from the U.S. company, but investors remained positive on the sector, which has seen a pick up in merger talks.British telecoms group Vodafone, which has shown interest in cable operator Kabel Deutschland and witnessed speculation U.S. peer Verizon may look to buy full control of their Verizon Wireless venture, rose 1.3 percent.Clarinvest fund manager Ion-Marc Valahu was uncertain over whether AT&T would bid for Telefonica, but welcomed the boost to the stock from the merger speculation....

Read More

  1. Insight: Mid-sized Italian banks face big bang for want of bucks

    A deepening recession and banking stress tests could find Italy's mid-sized lenders short of billions of euros, putting the state on the hook for a new wave of cash ...

  2. UniCredit CEO: ECB Plan on ABS Effective to Boost Lending

    UniCredit SpA (UCG.MI) Chief Executive Federico Ghizzoni Friday said the European Central Bank's initiative on the asset-backed securities market will be a valuable ...

  3. Poland's Pekao 1Q Net Profit Falls 6.3%

    Poland's second-largest lender by assets, Bank Polska Kasa Opieki S.A. (PEO.WA), or Pekao, Friday said January-March net profit fell 6.3% from the same period a year...

  4. EARNINGS PREVIEW: UniCredit 1Q Net Profit Seen Plunging

    UniCredit SpA (UCG.MI): 1Q Earnings Due: May 10 DJ Survey of 6 Analysts Average Net Profit: EUR128M, down 86% (EUR914M in 1Q 2012) Average Net Trading Income: EUR459...

  5. Mediobanca Posts Loss on Poor Investment Division Results

    Italian merchant bank Mediobanca Banca di Credito Finanziario SpA (MB.MI) Thursday posted a net loss for its fiscal third quarter, hit mainly by a plunge in the cont...

  6. Eni Completes Sale of 11.7% of Snam

    Italy's energy company Eni SpA (ENI.MI) said Thursday it completed the sale of an 11.7% stake in Snam SpA (SRG.MI) as part of its divestment from the Italian natural...

  7. Eni to Sell 11.7% Stake in Snam; To Give Final Details Thursday

    Eni SpA (E, ENI.MI), Italy's biggest energy company by market value, said Wednesday it started an accelerated book-building procedure to sell an 11.7% stake in Snam ...

  8. EARNINGS FORECAST TABLE: UniCredit 1Q 2013

    The following is a summary of analysts' forecasts for UniCredit SpA (UCG.MI) first-quarter results, based on a poll of six analysts conducted by Dow Jones Newswires ...

  9. Italy's Safilo Secures Two Financing Deals for EUR100 Million

    Italian eyewear maker Safilo SpA (SLF.MI) said Monday it has signed two financing deals for a total of 100 million euros ($130.8 million).The company, whose brands i...

  10. UniCredit Buys Back EUR4.24 Billion Worth of Senior Notes

    Italian bank UniCredit SpA (UCG.MI) said Tuesday it had repurchased senior notes for an aggregate nominal amount equal to 4.24 billion euros ($5.54 billion) as part ...

  11. EUROPE MARKETS: Italy Leads European Stock-market Gains

    European stock markets notched moderate gains on Monday, while Italian stocks rallied on relief that a new government was sworn in over the weekend.The Stoxx Europe ...

  12. EUROPE MARKETS: Italy Leads Europe Stocks Gains; ECB Optimism

    European stock markets notched some moderate gains on Monday, with Italian stocks rallying on relief that a new government is finally in place.Investors looking ahea...

  1. Bank of England, ECB Keep Rates Unchanged

    The European Central Bank kept its main interest rate on hold at a record low 0.5 percent on Thursday as it waits to see whether early signs of stabilization in the ...

  2. Banks in the dark over $15 billion of promised Rosneft M&A business

    Banks that helped Russian oil company Rosneft finance its $55 billion buyout of rival TNK-BP have been left waiting for their payback - a share in $15 billion in ass...

  3. UniCredit 2Q in Line With 1Q - CEO

    UniCredit SpA's (UCG.MI) chief executive gave an early forecast for the Italian lender's second quarter Thursday, saying he saw the results for the period coming in ...

  4. UniCredit Says Terna Shares Sale Completed

    UniCredit SpA (UCG.MI) said Wednesday an aggregate sale of 107,704,353 shares of Terna SpA (TRN.MI) was successfully completed.The bank said the transaction, which w...

  5. Factbox: Foreign banks in Russia

    Foreign banks that once treated Russia as an undiscovered country where easy money could be made are now finding it a cut-throat market tougher than some bargained f...

  6. Insight: No more easy pickings in Russia's banking market

    Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for.While pla...

  7. European Credit Market Holds Steady; EFSF Sells 10-Year Bonds

    A spare smattering of new bonds were sold in Europe on Wednesday as credit markets spent the session hovering near unchanged.A quasi-sovereign borrower, a bank, and ...

‹ Prev12345Next ›
Freebase CC-BY
Source: UniCredit SpA on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL