The FTSEMIb returns above par

Tod’s records an increase of 20%: DeVa Finance has announced its intention to promote a takeover bid at a price of 40 euros. BPER Banca and BancoBPM shine

trading-chart_1The 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 14.05 the FTSEMib it recorded a fractional progress of 0.21% to 22,398 points, after having fluctuated between a minimum of 22,300 points and a maximum of 22,412 points. At the same time the FTSE Italia All Share was up by 0.28%. Better performance for the FTSE Italia Mid Cap (+ 0.94%) and for FTSE Italia Star (+ 0.91%).

The BTP-Bund spread it narrowed to 220 points, after the yield on the Italian 10-year bond hit 3.1%.

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

L’EUR it remains below $ 1.02.

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 (+ 2.71%).

Generalized progress for banking sector stocks.

Brilliant performance for BPER Bank (+ 3.64% to € 1.4375). 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 (+ 3.85%) e UniCredit (+ 1.45%).

Focus on Telecom Italia TIM (+ 1.12% to 0.2168 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.

DiaSorin earns 2.36% to 136.35 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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The FTSEMIb returns above par


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