Lisbon shares TFN at a glance outlook |
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Mon, 27 Aug 2007 08:12
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LISBON (Thomson Financial) - Share prices are expected to open higher today, after better-than-expected US economic data triggered a strong performance on Wall Street on Friday.Friday, the PSI 20 index closed up 32.56 points at 12,708.09 after trading in a range of 12,629-12,717.FORTHCOMING EVENTSTODAY-BCP EGM to vote on bank's corporate model, composition of boardsWEDNESDAY-Sonae SGPS H1 results-Sonae Industria H1 results. Net forecast 28-34 mln eur vs 8 mlnLATE CORPORATE NEWS/RESULTS-Sonae Sierra H1 net rises to 100.5 mln eur from 87.3 mln as financial costs fall-Cimpor H1 net down to 131.7 mln eur vs 135.5 mln on higher costs, one-time items-CMVM says Eureko to keep voting rights for 2.88 pct BCP stake sold to ABN AmroTODAY'S/WEEKEND PRESS-BCP chairman Jardim Goncalves blocks supervisory board enlargement deal (Diario Economico)-BCP EGM chairman upholds CMVM decision on Eureko, ABN voting rights (Jornal de Negocios).-Telecoms association says PT's 41 mln eur govt contract is 'unacceptable' (Jornal de Negocios).MARKET SENTIMENT-BCP will attract attention today as its EGM takes place in Porto from 15.30 pm. Euronext Lisbon will announce this morning if the bank's shares will be suspended ahead of the EGM.-Companies in the Sonae group should be in focus after commercial real estate unit Sonae Sierra posted first half to June net profit up 15 pct from a year earlier, and ahead of Sonae Industria and parent Sonae SGPS's results to be posted on Wednesday.-Cimpor should also be in focus after it posted net profit down to 131.7 mln eur, at the bottom end of analysts' forecasts.chico.laxmidas@thomson.comscl/bsdCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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REN to enter PSI 20 index from Sept 3, replacing Cofina - Euronext 