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BFF - Banca Farmafactoring SpA News Story

€4.78 -0.0  -0.2%

Last Trade - 3:42pm

Sector
Financials
Size
Mid Cap
Market Cap £736.7m
Enterprise Value £1.45bn
Revenue £195.9m
Position in Universe 166th / 721

Italy - Factors to watch on June 15

Mon 15th June, 2020 5:00am
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 .
    
    CORONAVIRUS
    Italian Prime Minister Giuseppe Conte was questioned by
prosecutors on Friday about the country's response to its
coronavirus outbreak, which has killed more than 34,000 people.
 urn:newsml:reuters.com:*:nL8N2DP46M
    British drugmaker AstraZeneca Plc  AZN.L  said on Saturday
it signed a contract with Italy, Germany, France and the
Netherlands to supply Europe with a vaccine against the
coronavirus, with deliveries starting by the end of 2020.
 urn:newsml:reuters.com:*:nL8N2DQ0AS
    
    CORONAVIRUS DATA 
    Deaths from the COVID-19 epidemic in Italy climbed by 44 on
Sunday, the Civil Protection Agency said, while the tally of new
cases increased by 338.  urn:newsml:reuters.com:*:nL8N2DR0F6
    
    ECONOMY
    Italy cannot afford to return to normality after the
coronavirus emergency but should turn the crisis into an
opportunity to reform the country, Prime Minister Giuseppe Conte
said on Saturday in the opening speech of a nine-day policy
consultation in Rome.  urn:newsml:reuters.com:*:nL8N2DQ08A
    Italy must not let the economic crisis wrought by the
coronavirus pandemic "go to waste" and should instead reform its
stagnant economy, European Central Bank President Christine
Lagarde said on Saturday in a video-link to the congress.
 urn:newsml:reuters.com:*:nF9N2AB023 
    
    ISTAT releases May final CPI and HICP data (0800 GMT).
    
    The government will invest 200 billion euros in the
infrastructure and transport sector over the next 15 years,
Transport Minister Paola De Micheli told la Repubblica in an
interview on Saturday. She added that 130 billion euros are
already available and the rest will be financed through the
European Recovery fund. The plan, dubbed as "Italia veloce", or
fast Italy, will also include extending the high-speed train
network to the whole country, a report by La Stampa said. 
    
    Bank of Italy releases April data on public finances, state
borrowing and debt.
    
    COMPANIES
    BPER  EMII.MI , INTESA SANPAOLO  ISP.MI , UBI BANCA  UBI.MI 
    Italian bank BPER has approved a revised deal with Intesa
Sanpaolo to addresses antitrust issues in Intesa's takeover bid
for UBI Banca, a source close to the matter said.  urn:newsml:reuters.com:*:nL8N2DR0LO
    
    FIAT CHRYSLER  FCHA.MI 
    A U.S. regulator ruled that India's Mahindra and Mahindra
 MAHM.NS  infringed upon the intellectual property rights of
FCA'S Jeep brand, barring the sale of the vehicles in question.
 urn:newsml:reuters.com:*:nL1N2DP1A4
    
    ATLANTIA  ATL.MI 
    A decision on whether to revoke the motorway concession of
Atlantia's unit Autostrade per l'Italia will be made in a
collegial way and will aim at "defending the public interest",
Transport Minister Paola De Micheli told la Repubblica on
Saturday. 
    Speaking to Rainew24 on Sunday, De Micheli said that the
government will likely take a decision on Autostrade's
concession "in 15 days".  urn:newsml:reuters.com:*:nL8N2DR0GB
    
    TELECOM ITALIA (TIM)  TLIT.MI , ENEL  ENEI.MI 
    The chairman of Open Fiber, the fast broadband network group
jointly owned by Enel and state lender CDP, expressed surprise
at reported comments by his counterpart at TIM that Italy was
the only country in the world not to have a single network but
to have one and a half. He said any single network needed to be
wholesale only and not vertically integrated. If this was not
possible and if TIM only sought to go back to being monopolist
then it was better to get ready for infrastructure competition.
        
    NEWLAT FOOD  NWLF.MI , CENTRALE DEL LATTE D'ITALIA  CLII.MI 
    The Italian market watchdog has suspended the terms for the
approval of Newlat's mandatory public purchase and exchange
offer on all the ordinary shares of Centrale del Latte d'Italia,
requesting Newlat to provide additional information. The
suspension will not exceed 15 days, Newlat said on Friday in a
statement.  urn:newsml:reuters.com:*:nFWN2DP0DH
    
    BANCA FARMAFACTORING  BFF.MI 
    Moody's said on Fridays it had changed the outlook on the
company's Ba1 rating to 'developing' from 'positive'.
 urn:newsml:reuters.com:*:nMDY1P1Jgc
    
    DIASORIN  DIAS.MI 
    Trades ex-dividend of 0.95 euro per ordinary share.
    The ruling by an Italian administrative court that has
cancelled a contract between the group and an hospital for the
development of a coronavirus antibody test has set a "very risky
(legal) precedent", Diasorin CEO told Il Sole 24 Ore on Sunday. 
    
    BRUNELLO CUCINELLI  BCU.MI 
    After the months of lockdown, the group has intensified its
operations and by the end of August will be "in line with annual
production," Founder and Chairman Brunello Cucinelli told local
daily La Nazione in an interview on Saturday.
    
    JUVENTUS FC  JUVE.MI 
    Cristiano Ronaldo missed a penalty as Juventus were held to
a 0-0 draw by 10-man AC Milan on Friday but the Turin side still
squeezed into the Coppa Italia final as the season restarted
following a three-month stoppage for the novel coronavirus.
 urn:newsml:reuters.com:*:nL8N2DP57G
    
    JUVENTUS FC, AS ROMA  ASR.MI , SS LAZIO  LAZI.MI 
    A government's technical-scientific committee agreed that if
a footballer tests positive for COVID-19, the player must be
isolated but the rest of the squad can continue training and
playing, provided they all test negative, Italian media reported
on Friday.  urn:newsml:reuters.com:*:nL8N2DP4TD
    
    ALITALIA  CAITLA.UL  (not listed)
    Money spent for the re-launch of the ailing carrier is not
"wasted, but rather well-spent, needed to redefine the role of
Italy in the international air transport industry," Transport
Minister Paola De Micheli told la Repubblica on Saturday. Once
Alitalia will be relaunched, the government will consider
whether conditions are there for the entrance of an industrial
partner, the minister added.
    Speaking to Rainew24 broadcaster on Sunday, De Micheli said
that the government would start the process to set up a vehicle
for the nationalisation of the carrier in the following days.   
    
    DE' LONGHI  DLG.MI 
    The arrival in May of new Chief Executive Massimo
Garavaglia, will allow Fabio De' Longhi, son of the founder of
the group and outgoing CEO, who has kept the position of
vice-president, to focus on new acquisitions, Milano Finanza
reported over the weekend.
    
    BANCA POPOLARE DI BARI  BPBARI.HT 
    A due diligence at the ailing bank has uncovered a loss of
more than 1.1 billion euros, temporary administrator Antonio
Blndini told Il Messaggero on Sunday.
    
    DIARY
    Economy Ministry representative Stefano Scalera attends
conference on PIR, Individual Savings Plans (0900 GMT).
    Confindustria Chief Carlo Bonomi holds web conference with
foreign press (0900 GMT).
    Deadline for Intesa Sanpaolo  ISP.MI  and UBI Banca  UBI.MI 
to submit pleadings and documents in antitrust proceedings over
takeover bid.
    
    ((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/
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