Thursday May 8, 09:14 AM
Milan shares TFN market data at 9.47 a.m.; UniCredit leads losses, Tiscali up
MILAN (Thomson Financial) - Milan shares TFN market data at 9.47 a.m.:
Main indices
-Mibtel at 26,037 points, down 0.87 percent
-S&P/Mib at 34,191 points, down 1.03 percent
Main S&P/Mib losers
-UniCredit (Milan: UCG.MI - news) down 2.89 percent at 4.80 euros after the bank cut its 2008 EPS guidance and announced first quarter sales figures that missed market expectations. The group also said it sees its core Tier 1 capital adequacy ratio at 6 percent at the end of the year, which according to some dealers is also disappointing for a bank like UniCredit
-Pirelli (Milan: PC.MI - news) down 2.26 percent at 0.541 euros
-Geox (Milan: GEO.MI - news) down 1.71 percent at 9.485 euros. The group is scheduled to announce first quarter results on Monday
-UBI Banca (Milan: UBI.MI - news) down 1.53 percent at 17.23 euros
-Intesa Sanpaolo (Milan: ISP.MI - news) down 1.44 percent at 4.7025
Main S&P/Mib gainers
-No shares were in positive territory
Other stocks in the news
-Generali down 0.21 percent at 28.35 euros ahead of the release of its first quarter results. Wednesday, its life insurance unit Alleanza reported a healthy rise in new business production at the group's core agent network. Alleanza was down 0.09 percent at 8.705 euros
-Tiscali (TIS.MDD - news) up 2.67 percent at 2.615 euros as speculation over the sale of the group mounts ahead of Monday's board meeting. According to reports, Tiscali will receive eight non-binding offers for its assets and the objective is to close a deal by the end of June
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