EMI sold its share in the capital of Viva Media, the German media company, to AOL Time Warner. The sale will enable the majors to collect British EUR 52.3 million, providing a surplus of total income to 43 million. According also to market rumors, the giant Us would also planning the acquisition of the stake in Viva Media Vivendi Univesal. At this moment the title Emi is advancing by 3.4%.
Posts Tagged ‘British’
EMI sells shares in Viva AOL Time Warner
EDF buys Seeboard
EDF, the French energy giant, has strengthened its position in the UK market through the acquisition of Seeboard, the English supplier, worth 1.39 billion pounds. AEP, the U.S. team owner Seeboard, bought the British company in 1996 for a cost of 1.6 billion pounds. French state owned EDF said the acquisition represents the latest move to consolidate its market share in Great Britain.
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Vodafone and BT remain positive
Securities Telephone English maintain a positive content in mid-session, in the wake of positives to come from the financial markets in Europe and the U.S. futures. At this time, British Telecom is gaining 0.1% to 340.25 pence, while Vodafone surplus of 0.8% to 163.5 pence.
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Euro back above 0.86 share
Brilliant start for the single currency euro zone that has returned above the threshold of 86 cents against the dollar. A push up the euro are the problems in Argentina on a solution, the persistent volatility in U.S. markets and dell’euroscettico Michael Portillo’s defeat in the race for the leadership of the British Conservatives in favor of Kenneth Clarke. For a dollar it takes 2248 pounds.
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English TLC to recover after impact Orange
Vodafone and the rest of the British telecoms stocks up after heavy losses caused by last week’s debut at a discount of Orange. The title salt, 1, 14% at the London Stock Exchange, while British Teleocm also penalized in past sessions marks +3.36%.
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BP Amoco publish results in strong growth
BP Amoco, the British oil giant, announced that its results for the second quarter up by 164%. The result has been reached with the cerscita of all sections of society. Positive influence came from an increase in production last year. The title is slightly down and score -0.8%.
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Powergen diversified into telephone
The British multi-utility company Powergen has signed an agreement with your ISP to create a holding company Affinity Internet phone company who also offers services for the supply of gas, electricity and water. On the new group, which is active in six months, Powergen will invest 8.1 million euros, a figure that could double if the company will produce the expected results. Powergen has 2.6 million subscribers, while Affinity million. One of the strengths of the company will be to offer bills for energy services 24 hours a day on the Internet. Powergen is gaining 6.8%.
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Telecom should not remain single
The agreement reached between the British operator Vodafone Airtouch and Germany’s Mannesmann has opened the curtain on new scenarios for the European telecoms. According to the Italian telecom operators also must come into play and can not continue to dance alone. However, diverging views among analysts on the possible foreign boyfriend. Besides those who see a possible alliance with Spain’s Telefonica, Deutsche Telekom is those who identify as a possible suitor. The game of TLC risiko therefore remains unresolved.
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Caja Asturias blocks Pact Airtel and Vodafone
Caja Asturias, Regional Institute of saving the Spanish telephone company has blocked an attempt by British Vodafone to gain control of Airtel, the mobile operator Iberico. Vodafone has signed a preliminary agreement with Banco Santander Central Hispano to buy a golden share in Airtel, which are, in addition to the share of Bsch, participation of some regional banks in Spain, including the Asturian. But before we can classify the agreement Vodafone is to become a direct shareholder of Airtel, through the share held by its Dutch subsidiary. According to the foreign press, the bank would exercise Asturian right of first refusal on the shares of the Dutch subsidiary of Vodafone, when it tried to transfer them to the parent. According to other rumors, however, the cash Asturian might be inclined to sell its stake in Airtel to British Telecom. The maneuver is aimed at the Caja obtain the best terms of sale, which would explain the breaking of the pact with the BSc