Italy - Factors to watch on Feb. 26
26/02/2018 05:00
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 sells 6.0 billion euros 6-month BOT bills.
Subscriptions close at 1000 GMT.
COMPANIES
TELECOM ITALIA TLIT.MI
The project to create a joint venture between Telecom Italia
(TIM) and the pay-TV arm of its biggest shareholder, French
media group Vivendi, is an "uphill struggle" but the project is
not dead, a source familiar with the matter said. urn:newsml:reuters.com:*:nL8N1QD3EX
The board of Telecom Italia on Friday voted in favour of the
only official offer it received for its stake in broadcasting
unit Persidera but left the door open to consider any other
binding bids that may be presented. urn:newsml:reuters.com:*:nL8N1QD5ZF
(*) A fairness opinion commissioned by Telecom Italia values
Persidera at just below 260 million euros, Il Sole 24 Ore
reported on Saturday. The paper said publisher GEDI GEDI.MI , a
30 percent shareholder in Persidera, opposed F2i and Rai Way's
offer. However, rival bidder I Squared Capital could lower its
290 million euro offer after a due diligence, Il Sole said.
(*) A decision to freeze the proposed joint-venture with
Canal+ has come from Vivendi, which communicated it to Telecom
Italia on Wednesday evening, Il Sole 24 Ore reported on
Saturday. The paper said behind Vivendi's move there could only
be a desire to wait until after the March 4 vote to be able to
assess Silvio Berlusconi's real power.
(*) INTESA SANPAOLO ISP.MI
Intesa Sanpaolo is ready to take part in financing the Nord
Stream-2 gas pipeline but needs clarity about sanctions, RIA
news agency on Sunday quoted the head of Intesa's Russian
business, Antonio Fallico, as saying. urn:newsml:reuters.com:*:nL8N1QF06R
(*) ENI ENI.MI
Libya's National Oil Corporation said on Saturday it had
declared force majeure on the 70,000 barrels per day Feel
oilfield after a protest by guards closed the field.
urn:newsml:reuters.com:*:nL8N1QE08S
GEOX GEO.MI
The Italian shoemaker expects its profitability to continue
to grow in 2018 under new CEO and former Gucci top executive
Matteo Mascazzini, as it overhauls its product range and stores,
the company said on Friday. urn:newsml:reuters.com:*:nL8N1QD5OM
LUXOTTICA LUX.MI
The board of the eyewear group meets on Monday to approve
final 2017 results after Luxottica reported last month a 0.8
percent rise in sales to 9.16 billion euros.
Brazil's competition watchdog Cade on Friday approved
without restrictions Luxottica's merger with French lens
manufacturer Essilor ESSI.PA , the Brazilian government said in
its official bulletin on Friday. urn:newsml:reuters.com:*:nL2N1QD0K7
MONTE DEI PASCHI DI SIENA BMPS.MI
Economy Minister Pier Carlo Padoan told La Stampa on
Saturday that the Tuscan bank was on the right track, adding
there were no plans to merge it with a rival but the sector in
general was headed for consolidation.
CATTOLICA ASSICURAZIONI CASS.MI
CEO Alberto Minali told Boersen Zeitung in an interview on
Saturday the insurer did not rule growing through acquisitions
in the future as the industry consolidated, though at present
Cattolica was focused on executing its new business plan.
TOD'S TOD.MI
Italian luxury brand Fay, part of the Tod's group TOD.MI,
showcased its first collection under new designer Arthur
Arbesser on Saturday at Milan's Fashion Week. urn:newsml:reuters.com:*:nL8N1QE0C6
SALVATORE FERRAGAMO SFER.MI
Salvatore Ferragamo's creative director Paul Andrew made his
debut on Saturday with a soft, elegant collection, giving a
contemporary twist to the luxury group's identity. urn:newsml:reuters.com:*:nL8N1QE0CR
MONCLER MONC.MI
Board meeting on FY results, followed by conference call.
(*) PIRELLI & C PIRC.MI
Board meeting on FY results. Newspapers on Sunday underlined
how the group will enlarge its board to 15 members and introduce
governance that guarantees the "Italian-ness" of the company.
SNAM SRG.MI
The company said it had signed the final agreements for the
acquisition of a 82 percent controlling stake in TEP Energy
Solution. urn:newsml:reuters.com:*:nFWN1QD188
CERVED CERV.MI
Board meeting on FY results, followed by conference call.
SOGEFI SGFI.MI
Board meeting on FY results.
AUTOSTRADE MERIDIONALI AUMI.MI
Board meeting on FY results.
ALFIO BARDOLLA TRAINING GROUP ABTG.MI
Board meeting to approve 2018 budget.
EPS EQUITA PEP SPAC EPSE.MI
Ordinary and extraordinary shareholders' meetings (1000
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/
Keywords: ITALY FACTORS/FEB. 26