Abb logo

ABB - Abb News Story

$29.7 0.5  1.8%

Last Trade - 05/03/21

Sector
Industrials
Size
Large Cap
Market Cap £43.15bn
Enterprise Value £43.69bn
Revenue £18.81bn
Position in Universe 191st / 6646

Italy - Factors to watch on Jan. 18

Mon 18th January, 2021 5:00am
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 .
    
    POLITICS
    Italy's Prime Minister Giuseppe Conte is due to address the
lower house on Monday and the upper house Senate on Tuesday
about the political chaos which was triggered by former premier
Matteo Renzi in a row over the coalition's handling of the
coronavirus and economic crises. Confidence votes will be held
in both chambers.  urn:newsml:reuters.com:*:nL1N2JQ0DZ
    Efforts by Conte to build a new majority in parliament after
Renzi quit his coalition floundered at the weekend as several
centrist lawmakers rejected his overtures.  urn:newsml:reuters.com:*:nL8N2JS08V
    
    DEBT 
    Italy forecasts its debt to soar to a new post-war record
level of 158.5% of gross domestic output (GDP) this year,
surpassing the 155.6% goal it set in September, a government
source told Reuters on Saturday.  urn:newsml:reuters.com:*:nL8N2JR0EQ    
    
    ECONOMY
    ISTAT releases December final CPI and HICP data (0900 GMT).
    
    COMPANIES
    STELLANTIS  STLA.MI   STLA.PA 
    Fiat Chrysler and PSA sealed their long-awaited merger on
Saturday to create Stellantis, the world's fourth-largest auto
group with deep enough pockets to fund the shift to electric
driving and take on bigger rivals Toyota and Volkswagen. Shares
in Stellantis will start trading in Milan and Paris on Monday,
and in New York on Tuesday.  urn:newsml:reuters.com:*:nL1N2JR07V
    Stellantis plans to set up a joint venture in China, the
financial news outlet Yicai reported on Sunday.  urn:newsml:reuters.com:*:nL4N2JS00M
    FCA said on Friday it would be the first automaker to
implement Amazon's Alexa Custom Assistant into its vehicles.
    
    CATTOLICA ASSICURAZIONI  CASS.MI 
    The insurer long-standing Chairman Paolo Bedoni said on
Saturday he would leave the group with the renewal of the board.
The board is set to mandate a head hunter to select the slate of
candidates for the new board, he told Corriere della Sera, after
regulator IVASS urged the insurer to speed up a governance
overhaul. Bedoni added that Cattolica was ready to start an
arbitration with Banco BPM  BAMI.MI  over a dispute concerning a
joint-venture if a quick solution was not found. 
    
    MONTE DEI PASCHI  BMPS.MI 
    The Tuscan-lender on Friday published on its website its
preliminary stand-alone strategy plan to 2025, which foresee a
562 million euro loss this year, following a request by Italian
market regulator CONSOB. The plan, which could change following
response from the EU and ECB over Rome's plans to exit the
bank's capital, includes over 2.600 jobs cut over the period.   
    
    ASCOPIAVE  ASCI.MI 
    Italy's regional utility Ascopiave is considering a
partnership and an acquisition for the distribution of gas in
areas close to the northern regions where it already operates,
mainly Veneto and Friuli Venezia Giulia, Chairman Nicola
Cecconato said.  urn:newsml:reuters.com:*:nR1N2I402H
    
    MEDIASET  MS.MI 
    The Italian broadcaster secured rights to screen 104 UEFA
Champions League matches on its streaming platforms for the next
three seasons, in addition to 16 matches per season to be aired
on its free-to-air channels for 45-50 million euros, Il Sole 24
Ore reported on Saturday. 
    
    UNIEURO  UNIR.MI 
    The company's indirect shareholder Dixons Carphone has sold
its entire 7.17% stake via ABB.  urn:newsml:reuters.com:*:nFWN2JQ0VD 
    
    INTESA SANPAOLO  ISP.MI 
    Popolare di Puglia e Basilicata, an unlisted Italian
cooperative bank rooted in the two southern regions, said on
Friday it had agreed to buy 26 local branches, comprising 1.4
billion euros in direct and indirect funding, from Intesa for
8.9 million euros.   urn:newsml:reuters.com:*:nL8N2JQ5BI
    
    ENEL  ENEI.MI 
    Latin American fibre optic network company Ufinet, owned by
Enel and private equity firm Cinven have started a due diligence
on fibre unit of Brazil's Oi after a preliminary bid for the
asset, Il Sole 24 Ore reported on Saturday. 
    Trades ex-dividend of 0.175 euro per share as 2020 interim
dividend.
    
    SNAM  SRG.MI 
    Trades ex-dividend of 0.0998 euro per share as 2020 interim
dividend.
    
    ITALIA INDEPENDENT GROUP  IINT.MI 
    Board meeting on capital increase details.
    
    DIARY
    Fincantieri  FCT.MI  Chairman Giampiero Massolo interviewed
on "Boosting Italy's potential" (1630 GMT).
    Giorgio Armani, founder, chairman and CEO of the eponymous
fashion house, gives speech at prize-giving 'Parete 2021'
ceremony (1600 GMT).
    Rome, Prime Minister Giuseppe Conte speaks before Chamber of
Deputies (1100 GMT).
    
    ((Milan newsroom, +39 02 6612 9507, fax +39 02 801149, 
milan.newsroom@news.reuters.com))
    
    For Italian market data and news, click on codes in 
brackets:

    20 biggest gainers (in percentage)............ .PG.MI 
    20 biggest losers (in percentage)............. .PL.MI 
    FTSE IT allshare index  .FTITLMS 
    FTSE Mib index........  .FTMIB 
    FTSE Allstars index...  .FTSTAR 
    FTSE Mid Cap index....  .FTITMC 
    Block trades..........  .BLK.MI 
    Stories on Italy......  IT-LEN 
    
    For pan-European market data and news, click on codes in 
 brackets:
  European Equities speed guide................... EUR/EQUITY 
  FTSEurofirst 300 index.............................. .FTEU3 
  DJ STOXX index...................................... .STOXX 
  Top 10 STOXX sectors........................... .PGL.STOXXS 
  Top 10 EUROSTOXX sectors...................... .PGL.STOXXES 
  Top 10 Eurofirst 300 sectors................... .PGL.FTEU3S 
  Top 25 European pct gainers....................... .PG.PEUR 
  Top 25 European pct losers........................ .PL.PEUR 
 
  Main stock markets:
  Dow Jones............... .DJI   Wall Street report ..... .N 
  Nikkei 225............. .N225   Tokyo report............ .T 
  FTSE 100............... .FTSE   London report........... .L 
  Xetra DAX............. .GDAXI   Frankfurt market stories .F 
  CAC-40................. .FCHI   Paris market stories... .PA 
  World Indices..................................... 0#.INDEX 
  Reuters survey of world bourse outlook......... EQUITYPOLL1 
  Western European IPO diary.......................... WEUIPO 
  European Asset Allocation........................ EUR/ASSET 
  Reuters News at a Glance: Equities............... TOP/EQE 
  Main currency report:............................... FRX/
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.