![]() Saras gives up 2.6 percent and ends up at the bottom. TIP, for the purchase of 50.7 percent of Investindesign's capital will invest EUR72 million, giving IDB an economic capital value of EUR220 million. Tamburi Investment Partners - in the red by 1.3 percent - announced Monday that it has reached an agreement to acquire 51 percent of Investindesign Spa, a company that currently holds a majority stake in Italian Design Brands Spa. On the Mid-Cap, Credito Emiliano topped with a 3.0% rise followed by Brunello Cucinelli, up 2.1%, and Acea, in the green by 1.8%. The other two oil companies remain at the bottom, with Tenaris down 0.9 percent, along with Eni, which gives up 0.8 percent.Įni's board of directors announced Friday that it had approved consolidated results for the first quarter, having reported adjusted pre-tax profit of EUR4.98 billion, down 5.0 percent from the same period last year when it was EUR5.23 billion.Ĭampari, in the green by 0.3%, reported Tuesday that it closed the first quarter with strong year-on-year numbers, thanks to net sales that rose to EUR667.9 million from EUR534.8 million in the same quarter a year earlier. The consideration for the transfer finalized late yesterday evening is approximately USD40 million, the company note said. The transaction is part of the agreement for the sale of the onshore drilling business, announced on June 1, 2022, under which Saipem will transfer to KCA Deutag all of its onshore drilling assets for a total cash consideration of USD550 million in addition to a 10 percent stake in KCAD itself. Saipem announced Wednesday that it had concluded Tuesday evening the transfer to KCA Deutag of its onshore drilling assets in Latin America corresponding to 44 rigs. Worst of all are Telecom Italia and Saipem, in the red by 2.4 percent. Combined shipments rose 8.3% to 1.54 million from 1.42 million, as the owner of Citroen, Fiat and Chrysler said. Revenues for the first three months of 2023 rose 14 percent to EUR47.24 billion from EUR41.48 billion in the same period a year earlier. Total revenues are EUR5.9 billion from EUR5.0 billion in the first quarter of 2022.Īmong the few bearish performers, in a list almost all tinged with green, is Stellantis, which gives up 2.0 percent after reporting Wednesday that it reported higher first-quarter revenue, with increased shipments and "strong" prices. Net accounting profit amounted to EUR2.1 billion from EUR274 million in the same period of 2022. On the main list in Piazza Affari, UniCredit remains on top with 4.4 percent after its board of directors on Tuesday approved its results for the first quarter of 2023, calling it "the best first quarter ever and the ninth consecutive quarter of improved results in every respect." Italy's unemployment rate fell to 7.8 percent in March from 7.9 percent in February - revised from the initial 8.0 percent - while the market was expecting a rate of 8.0 percent for March. In Europe, Paris' CAC 40 is in the green by 0.6 percent, the FTSE 100 is up 0.2 percent and Frankfurt's DAX 40 is up 0.6 percent.Īs for Italy, the unemployment rate fell against expectations in March, Istat reported on Wednesday. ![]() Thus, the FTSE Mib is in the green by 0.8 percent at 26,835.78.Īmong Italy's smaller lists, the Mid-Cap rises 0.2 percent to 43,050.65, the Small-Cap picks up 0.2 percent to 28,767.53, and Italy Growth climbs 0.1 percent to 9,221.04. The EU-27 unemployment rate was 6.0 percent in March, stable compared to February 2023 and down from 6.2 percent in March 2022.
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