Italy - Factors to watch on Feb. 8

Acea SpA

08/02/2024 07:02

The following factors could affect Italian markets on Thursday.
    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 government will offer targeted tax breaks to help
farmers facing hardship, a minister told parliament on
Wednesday, looking to provide support to the sector amid a wave
of protests across Europe.
    
    A Turkish citizen has been sentenced to 20 years in jail in
Italy for his part in a migrant shipwreck last year in which at
least 94 people were killed, Italian media reported on
Wednesday.
            
    DEBT
    Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on Feb. 13.
    
    COMPANIES
    TELECOM ITALIA (TIM)  TLIT.MI 
    The company's directors on Wednesday mandated CEO Pietro
Labriola to negotiate with the Treasury over a new offer for
submarine cable unit Sparkle after deciding a proposed full
takeover bid was too low.
    
    (*) BANCA MONTE DEI PASCHI DI SIENA (MPS)  BMPS.MI 
    Italy's Treasury is considering selling an 8-10% stake by
June, although there is no unanimous agreement within the ruling
coalition, daily MF said.
    
    BPER BANCA  EMII.MI  
    The Italian bank said on Wednesday it had more than doubled
its dividend for 2023 as higher interest rates boosted its
profits.
    
    ANIMA  ANIM.MI 
    The asset manager said on Wednesday it had recorded net
outflows worth 470 million euros in January.
    
    (*) STELLANTIS  STLAM.MI 
    The automaker could assign a new Citroen model to Italy's
Pomigliano plant as early as March, daily Mf said citing
"rumours".
    
    (*) SNAM  SRG.MI 
    ExxonMobil  XOM.N  and Qatar Energy are expected to sign an
agreement in the next few days to exit Adriatic LNG - Italy's
main LNG import terminal - by selling their combined 80% stake
to Vitti Energy Partners, a consortium made up of the global
energy trader Vitol with the Australian fund Ifm and Adnoc,
which would value the asset at 750-800 million euros, MF said.
Snam, which holds 7.3% of the terminal, could exercise its right
to increase the stake to at least 20-22%, the newspaper added.
    
    (*) ACEA  ACE.MI , ENI  ENI.MI 
    Rome's utility is talking with Eni's Plenitude on the
potential sale of its Acea Energia unit, which has 1 million
customers and is valued at 300-400 million euros, daily Il Sole
24 Ore said. However Acea denied the report, while Eni did not
comment, the newspaper added.
    
    SARAS  SRS.MI 
    Italy's Moratti family has been approached by potential
buyers of a stake in the refinery group, Bloomberg News said on
Wednesday. 
    
    BANCA GENERALI  BGN.MI 
    Board meeting on preliminary FY results.
    
    BANCA MEDIOLANUM  BMED.MI 
    Board meeting on FY results, followed by conference call
(1530 GMT).
    
    BANCO BPM  BAMI.MI 
    Board meeting on FY results, followed by conference call
(1700 GMT).
    
    DIARY
    EU Competition Commissioner Margrethe Vestager meets
Industry Minister Adolfo Urso in Brussels (afternoon).
    Rome, Industry Minister Adolfo Urso speaks before Senate
Industry and Agriculture committees on law decree 'Ilva' (0730
GMT).
    Rome, representatives from Fastweb (1245 GMT) and Banca
AideXa Chairman Roberto Nicastro via videoconference (1315 GMT)
speak before Chamber of Deputies Industry Committee on
artificial intelligence, opportunities and risks for the Italian
production system.
    Rome, Fincantieri  FCT.MI  CEO Pierroberto Folgiero attends
presentation of the project "Sea Masters" (1500 GMT).
            
    ((Milan newsroom, e-mail: reutersitaly@thomsonreuters.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/