01.01.2003-31.12.2003

01.01.2003-31.12.2003

  
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1

Not leaving, yet

01.01.2003-31.12.2003
  Partner CEO Amikam Cohen's future depends on Hutchison's moves in Europe.
  Guy Hadas 31/12/2003
 The story begins with Amikam Cohen's declaration some time ago that he would like to leave Partner Communications (Nasdaq: PTNR ; TASE: PTNR ; LSE:PCCD) once he has served five years as its CEO. The ...
2

Arazim buys London office building for $82m

01.01.2003-31.12.2003
  Annual rental income from the building totals $5.7 million.
  Elazar Levin 31/12/2003
 In one of the largest overseas real estate transactions ever by an Israeli company, Arazim Investments (TASE: AZRM ) today bought the Stephenson House office building on Hampstead Road in central The...
3

CRH representatives to visit Israel for purchase of Nesher Cement stake

01.01.2003-31.12.2003
  Cement Roadstone Holdings is expected to pay $140-150 million for 25% of Nesher.
  Hadas Manor 31/12/2003
 Sources inform “Globes” that senior representatives of Irish firm Cement Roadstone Holdings (CRH), including CRH Europe Materials managing director Brian Griffin, are scheduled to visit Israel next ...
4

Wed: Tel Aviv 25 up 51% in 2003

01.01.2003-31.12.2003
  The Tel Aviv 100 index was up 60.7% for the year, and the Tel Tech index 128%. The Teva and Bezeq shares attracted the market’s biggest turnovers today. Trading was also heavy in Matav, while the
  Golan Fridenfeld 31/12/2003
 The Tel Aviv Stock Exchange (TASE) rose today. The Tel Aviv 25 index closed up 0.59% at 504.15 points, the Tel Aviv 100 index rose 1% to 534.39 points, and the Tel-Tech 15 index gained 1.79% to 375.24...
5

Tefahot Mortgage Bank declares NIS 120m dividend

01.01.2003-31.12.2003
  Over the past month, a number of banks announced dividends, totaling NIS 1 billion.
  Dafna Zucker 31/12/2003
 United Mizrahi Bank (TASE: MZRH ) subsidiary Tefahot Israel Mortgage Bank (TASE: TFHT ) today declared a NIS 120 dividend. The chief beneficiary of the dividend, to be distributed on January 29, 2004,...
6

Tel Aviv municipality to call off bond issue

01.01.2003-31.12.2003
  Revenue from franchise fees paid by Poster Media, which collapsed, was to have backed the NIS 60-80 million issue for institutional investors.
  Shai Shalev and Yitzhak 31/12/2003
 Sources inform “Globes” that the collapse of B. Gaon Holdings subsidiary Poster Media will cause the cancellation or a lengthy postponement in the planned Tel Aviv municipality bond issue. The Tel A ...
7

Major banks predict only 40-50% of customers will make notional sale

01.01.2003-31.12.2003
  The banks said that the time available for making a notional sale was too short.
  Dafna Zucker 31/12/2003
 Senior sources in the major banks dealing in securities today predicted that only 40-50% of customers in securities would take advantage of the opportunity to make a notional sale. Today is the The ...
8

Lehman forbids credit card companies' fee hike

01.01.2003-31.12.2003
  Supervisor of Banks Yoav Lehman did not explain the reasons for his decision.
  Dafna Zucker 31/12/2003
 Sources inform “Globes” that Supervisor of Banks Yoav Lehman today notified the credit card companies that they may not raise their existing fees or impose new ones. The banks received the letter The...
9

Bezeq sanctions delay prospectus

01.01.2003-31.12.2003
  Bezeq's employees are demanding a share in the company's privatization, including receiving options for shares.
  Globes' correspondent 31/12/2003
 Sources inform “Globes” that sanctions by Bezeq (TASE: BZEQ ) employees have been delaying the publication of the company's prospectus in recent days. Bezeq's management will not be able to meet the ...
10

Wed: It's only a stock

01.01.2003-31.12.2003
  Teva's failure in its latest patent challenge is a reminder that its management is only mortal, but it's nothing to get upset about.
  Shlomo Greenberg 31/12/2003
 Teva Pharmaceuticals (Nasdaq: TEVA ; TASE: TEVA ) rose slightly yesterday, and why shouldn’t it? With all due respect, the loss in court isn’t some business crisis stemming from something wrong with ...

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