Posted by Isabella on 5:26 AM
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| Italy's Mediaset shares suspended, hit by government woes Aug 26th 2013, 10:27 MILAN | Mon Aug 26, 2013 6:27am EDT MILAN (Reuters) - Shares in Italian broadcaster Mediaset, owned by center-right leader Silvio Berlusconi, were suspended for excessive losses on Monday with analysts citing worries over a possible government crisis following his conviction in a tax fraud case. "There are worries around the political situation in Italy which are weighing on the stock and the sector," said a Milan-based analyst, asking not to be named. The stock was indicated down 5.2 percent at 3.19 euros and was the biggest loser in Italy's FTSE MIB blue-chip index. | |
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