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MediaForEurope sounds upbeat note on advertising sales

UPDATE 2-MediaForEurope sounds upbeat note on advertising sales Adds share performance in paragraph 4, details from analyst call in paras 8-9 By Elvira Pollina MILAN, Sept 19 (Reuters) - MFE-MediaForEurope MFEB.MI , the commercial broadcaster controlled by Italy's Berlusconi family, said on Thursday its advertising sales are set to beat expectations in the first nine months of the year, after posting a 6.7% rise in the first half.
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MediaForEurope upbeat on 9-month advertising sales

MediaForEurope upbeat on 9-month advertising sales MILAN, Sept 19 (Reuters) - MFE-MediaForEurope MFEB.MI , the commercial broadcaster controlled by Italy's Berlusconi family, said on Thursday its advertising sales are set to beat expectations in the first nine months of the year, after posting a 6.7% rise in the first half. The company, which runs TV businesses in Italy and Spain, said its earnings before interest and taxes (EBIT) rose by 12.7% to 136 million euros ($151.37 million) in the first
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Taylor Swift's music label Universal in investor spotlight after share slump

Taylor Swift's music label Universal in investor spotlight after share slump By Charlotte Eugenie Yvette Bawol and Stephanie Hamel Sept 16 (Reuters) - Taylor Swift's music label Universal Music Group UMG.AS holds its first capital markets day on Tuesday, nearly two months after it posted lower-than-expected second quarter streaming and subscription revenue, knocking 24% off its share price.
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BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M
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In online entertainment, MS still prefers music over video games

BUZZ-In online entertainment, MS still prefers music over video games ** Within online entertainment, Morgan Stanley continues to prefer music over video games, with the former being "dramatically undermonetised" and heading for a re-pricing cycle, and the latter having a generally bearish backdrop ** MS says Universal Music UMG.AS ("overweight") is well placed to capitalise on strong structural growth in music, with margin accretion and improving FCF conversion ** It however cuts UMG's PT by 6.
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Major book publishers defeat Internet Archive appeal over digital scanning

Major book publishers defeat Internet Archive appeal over digital scanning By Jonathan Stempel NEW YORK, Sept 4 (Reuters) - A U.S. appeals court sided with four major book publishers that accused the nonprofit Internet Archive of illegally scanning copyrighted works and lending them to the public online for free and without permission. The 2nd U.S.
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New Zealand cranks fossil power output as hydro squeeze drags on: Maguire

RPT-COLUMN-New Zealand cranks fossil power output as hydro squeeze drags on: Maguire Repeats column with no changes to text By Gavin Maguire LITTLETON, Colorado, Aug 27 (Reuters) - Power generators in New Zealand have lifted output from fossil fuels to the highest in three years so far in 2024, as they struggle to offset the largest year-over-year drop in generation from hydro dams in roughly a decade.
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New Zealand cranks fossil power output as hydro squeeze drags on: Maguire

COLUMN-New Zealand cranks fossil power output as hydro squeeze drags on: Maguire The opinions expressed here are those of the author, a columnist for Reuters By Gavin Maguire LITTLETON, Colorado, Aug 27 (Reuters) - Power generators in New Zealand have lifted output from fossil fuels to the highest in three years so far in 2024, as they struggle to offset the largest year-over-year drop in generation from hydro dams in roughly a decade.
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Italy - Factors to watch on August 27

Italy - Factors to watch on August 27 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . DEBT Treasury sells 2.0-2.5 billion euros 3.10% BTP Short bonds due Aug.
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Chip stocks slip, keeping European shares muted ahead of data-heavy week

UPDATE 2-Chip stocks slip, keeping European shares muted ahead of data-heavy week STOXX 600 flat German business morale down to 86.6 Tech sector down 1% Meyer Burger plunges 45% UK markets closed Updated at 1600 GMT By Pranav Kashyap and Lisa Pauline Mattackal Aug 26 (Reuters) - European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked ahead to several key economic data releases this week for more clues on the
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Italy - Factors to watch on August 26

Italy - Factors to watch on August 26 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . DEBT Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Aug.
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Edgar Bronfman and investor group submit $4.3 billion rival bid for Paramount Global

REFILE-UPDATE 4-Edgar Bronfman and investor group submit $4.3 billion rival bid for Paramount Global Corrects spelling of committed in paragraph 6 By Dawn Chmielewski Aug 20 (Reuters) - Veteran media executive Edgar Bronfman Jr. on Monday submitted a $4.3 billion bid to take over Paramount Global PARA.O through the acquisition of National Amusements, which owns a controlling stake in Paramount, people familiar with the matter said.
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Edgar Bronfman submits rival bid to acquire Paramount Global

Edgar Bronfman submits rival bid to acquire Paramount Global By Dawn Chmielewski Aug 19 (Reuters) - Veteran media executive Edgar Bronfman Jr. submitted a bid on Monday to acquire a stake in Paramount Global PARA.O and National Amusements, the Redstone family company that controls the entertainment giant, a person familiar with the matter told Reuters.
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Telecom Italia's core profit rises 10% in Q2 after network spin-off

Telecom Italia's core profit rises 10% in Q2 after network spin-off MILAN, July 31 (Reuters) - Telecom Italia (TIM) TLIT.MI said its core earnings rose by 10% in the second quarter under a new structure which strips out the domestic network operations sold to U.S. investment firm KKR KKR.N at the start of July. Earnings before interest, tax, depreciation and amortisation after lease costs (EBITDA-AL) generated by the business emerging from the network sale came in at 957 million euros ($1 billio
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 26 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. CAPGEMINI CAPP.PA : French IT consulting group Capgemini said on Friday it now expects its annual revenue to fall compared with the earlier expectation of at least maintaining stable growth, citing weakness in the North American market.
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Italy - Factors to watch on July 26

Italy - Factors to watch on July 26 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases July consumer and business confidence data (0800 GMT) and Q2 wage inflation data (0900 GMT).
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Vivendi posts H1 growth helped by Lagardère consolidation, Havas

Vivendi posts H1 growth helped by Lagardère consolidation, Havas By Olivier Cherfan and Gianluca Lo Nostro July 25 (Reuters) - French media conglomerate Vivendi VIV.PA reported a 39.3% rise in first-half adjusted operating profit to 619 million euros ($672.30 million) on Thursday, helped notably by consolidation of the publishing group Lagardère and growth in advertising business Havas.
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Vivendi CEO says not aware Iliad made any approach over Telecom Italia stake

Vivendi CEO says not aware Iliad made any approach over Telecom Italia stake July 25 (Reuters) - Vivendi VIV.PA Chief Executive Arnaud de Puyfontaine said on Thursday he was not aware that telecoms group Iliad had expressed any interest in the French media group's stake in Telecom Italia (TIM) TLIT.MI . Vivendi is the single biggest investor in Telecom Italia with a stake of around 24%.
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Vivendi H1 Adjusted Net Income At Eur 329 Million

BRIEF-Vivendi H1 Adjusted Net Income At Eur 329 Million July 25 (Reuters) - Vivendi SE VIV.PA : H1 REVENUES EUR 9.05 BILLION VERSUS EUR 4.70 BILLION YEAR AGO H1 ADJUSTED NET INCOME EUR 329 MILLION VERSUS EUR 324 MILLION YEAR AGO H1 EBITA EUR 619 MILLION VERSUS EUR 444 MILLION YEAR AGO CEO: NOT AWARE OF ANY APPROACH FROM ILIAD FOR TELECOM ITALIA STA
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Universal Music Group shares drop 30% as streaming growth disappoints

Universal Music Group shares drop 30% as streaming growth disappoints July 25 (Reuters) - Universal Music Group UMG.AS shed around $15 billion off its value on Thursday after the world's biggest music label reported lower-than-expected streaming and subscription revenue for the second quarter. The shares fell 30% at one point and were down 26% by 1058 GMT, on track for their biggest one-day loss ever.
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