Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Banco Popolare, UBI, Intesa, Tiscali: Italian Equity Preview

Nov. 15 (Bloomberg) -- The following companies may be active in Italian trading. Stock symbols are in parentheses and share prices are from the previous close.

Italy’s benchmark FTSE MIB Index fell 26.13, or 0.1 percent, to 20,829.83 in Milan.

Banca Profilo SpA (PRO IM): The lender said nine-month net income rose to 2.7 million euros ($3.7 million) from 899,000 euros a year earlier, according to a statement distributed through the Italian stock exchange. The shares declined 0.1 percent to 45.45 cents.

Banco Popolare SC (BP IM): Italy’s fifth-biggest bank said profit in the third quarter fell 73 percent after lending income declined and a year-earlier tax gain wasn’t repeated. The shares rose 4.3 percent to 3.66 euros.

ERG SpA (ERG IM): The refiner was raised to “overweight” from “equalweight” at Barclays Capital. The shares slipped 1.6 percent to 9.69 euros.

Intesa Sanpaolo SpA (ISP IM): Italy’s second-biggest bank was downgraded to “sell” from “hold” at Independent Research GmbH by equity analyst Matthias Engelmayer.

Separately, General Manager Marco Morelli told La Stampa in an interview that the bank aims to grow in regions including Sicily and Trentino-Alto Adige where it has a lower market share. The shares increased 0.4 percent to 2.34 euros.

Pininfarina SpA (PINF IM): The car designer said its nine-month net loss increased to 33.8 million euros from 18.1 million euros a year earlier, according to a statement. The company expects a 2010 net loss wider than last year’s. The shares gained 2.7 percent to 3.22 euros.

Premafin Finanziaria SpA Holding di Partecipazioni (PF IM): The company, which controls insurer Fondiaria-Sai SpA, may offer warrants to attract investors for its planned rights offer, Il Messaggero reported, without saying where it got the information. The shares advanced 0.2 percent to 91.4 cents.

Saras SpA (SRS IM): The refiner was cut to “equalweight” from “overweight” at Barclays. The shares rose 2 percent to 1.50 euros.

Tiscali SpA (TIS IM): The phone and Internet company said its nine-month net loss narrowed to 15.4 million euros from 418 million euros a year earlier, according to a statement. The company estimates 2010 revenue of about 280 million euros. The shares fell 2.1 percent to 9.75 cents.

Unione di Banche Italiane SCPA (UBI IM): Italy’s fourth-largest bank said third-quarter profit rose 57 percent as earnings from asset sales and lower provisions for bad loans offset a slump in lending income. The shares rose 0.4 percent to 7.25 euros.

To contact the reporter on this story: Sonia Sirletti in Milan at

To contact the editor responsible for this story: David Merritt at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.