FTSEMib towards a positive closure

Tod’s records an increase of 20%: DeVa Finance has announced its intention to promote a takeover bid at a price of 40 euros. Telecom Italia TIM blaze

milan-positiveThe major indices of the Italian Stock Exchange and the main European financial markets record fractional rises. Pierre Veyret – ActivTrades technical analyst – reported that some stability is returning to the financial markets, following the instability caused by aggressive comments from the Federal Reserve and rising US-China tensions over Nancy Pelosi’s visit to Taiwan. “However the bull market drivers are not numerousespecially in the medium and long term, and investors are likely to need more clarity on where economies will go before taking stock prices to new highs, “he added.

At 16.35 the FTSEMib it recorded a progress of 0.45% to 22,453 points, after having fluctuated between a minimum of 22,300 points and a maximum of 22,528 points. At the same time the FTSE Italia All Share was up by 0.54%. Better performance for the FTSE Italia Mid Cap (+ 1.13%) and for FTSE Italia Star (+ 1.22%).

The BTP-Bund spread it narrowed to 215 points, after the yield on the Italian 10-year bond returned to below 3.05%.

The bitcoin nearly 23,500 dollars (just under 23,000 euros).

L’EUR it fell below $ 1,015.

Tod’s records an increase of 20.1% to 40.14 euros. DeVa Finance (a company wholly owned by DI.VI. Finanziaria di Diego Della Valle & C. and indirectly controlled by Diego Della Valle) has communicated its intention to promote a voluntary full takeover bid on the shares of the company listed on the MidCap for an amount of 40 euros per share. The offered price incorporates a premium of 19.7% with respect to the closing price of Tod’s in the session of 2 August 2022 (33.42 euros). The offer is aimed at delisting Tod’s from Piazza Affari.

Tod’s rally pushes higher Salvatore Ferragamo (+ 2.42%).

Sudden flare up of Telecom Italia TIM (+ 4.24% to 0.2235 euros)on the day when the board of directors of the company will meet to examine the financial results of the 1st half and 2nd quarter 2022. According to the consensus drawn up by 19 investment banks, the telephone giant should have closed the period April-June with revenues pe 3.88 billion euros, down by 2.2% compared to 3.97 billion euros (comparable basis) in the second quarter of 2021. Organic Ebitda is estimated at 1.53 billion euros. euro, down compared to the 1.64 billion euro of the second quarter of 2021. At the end of June 2022, net financial debt is expected to be 24.32 billion euro.

Generalized progress for banking sector stocks.

Brilliant performance for BPER Bank (+ 3.97% to € 1,442). With reference to the mandatory full public purchase offer on the ordinary shares of Banca Carige, BPER Banca announced that at the end of the transaction 96,028,048 ordinary shares were tendered, representing approximately 12.6% of the ordinary capital of the Ligurian institution, in addition to a savings share of the bank. Following the mandatory offer, BPER Banca will hold a total of 714,315,304 ordinary shares of Banca Carige, equal to approximately 93.9% of the ordinary capital.

The increases in BancoBPM (+ 4.4%) e UniCredit (+ 1.65%).

Excellent performance for Mediolanum Bank (+ 4.74% to € 6.718). The company has communicated i financial results for the first half of 2022closed with a net profit of 237.85 million euros, down from the 268.75 million recorded in the first six months of 2021. On the contrary, the interest margin increased from 129.9 million to 163.8 million. euro (+ 26%).

DiaSorin earns 2.14% to 136.05 euros. The diagnostic company released i financial data for the first half of 2022 and provided the new guidance for 2022 drawn up at constant exchange rates, following an improved trend in sales of COVID tests.


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FTSEMib towards a positive closure


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