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BFF - Banca Farmafactoring SpA News Story

€4.79 -0.0  -0.2%

Last Trade - 07/08/20

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 May 8

Fri 8th May, 2020 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 .
    
    GENERAL
    Deaths from the COVID-19 epidemic in Italy climbed by 274 on
Thursday, against 369 the day before, the Civil Protection
Agency said, while the daily tally of new infections declined
marginally to 1,401 from 1,444 on Wednesday.  urn:newsml:reuters.com:*:nR1N2A7029
    
    POLITICS
    The European Commission on Thursday proposed scrapping the
usual conditions for countries using the euro zone's bailout
fund as they try to revive their economies hit by the
coronavirus epidemic.  urn:newsml:reuters.com:*:nL8N2CPA6U
    
    ECONOMY
    DBRS and Moody's rating agencies scheduled reviews of
sovereign debt rating on Italy.
    Bank of Italy releases April data on Target 2 liabilities
and European Central Bank funding to Italian banks.
    
    DEBT
    Italy may raise up to 16 billion euros ($17.2 billion),
about twice the amount it sold in the previous equivalent
October last year, in a new BTP Italia bond later this month, a
source familiar with the matter said on Wednesday.  urn:newsml:reuters.com:*:nL8N2CP8LF
    
    Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on May 13.
    
    COMPANIES
    
    LEONARDO  LDOF.MI  
    The Italian defence group warned on Thursday that the
coronavirus outbreak would have a bigger impact in the second
quarter, after reporting a net loss in the first three months.
 urn:newsml:reuters.com:*:nL8N2CP9U4
    
    ANIMA HOLDING  ANIM.MI  
    The Italian asset manager could spend up to 400 million
euros ($433 million) to buy a smaller rival abroad and expand in
Europe, newly-appointed Chief Executive Alessandro Melzi D'Eril
said on Thursday.  urn:newsml:reuters.com:*:nL8N2CP9F2
    
    BANCO BPM  BAMI.MI  
    Italy's third-largest bank on Thursday reported a better
than expected first-quarter net profit and said it would set new
targets to take into account the fallout from the coronavirus
crisis.
      The bank is ready to step up cost cut efforts in order to
offset any negative impact stemming from coronavirus emergency,
Chief executive Giuseppe Castagna said. He added the lender has
no interest in M&A opportunities  urn:newsml:reuters.com:*:nL8N2CP9ZZ urn:newsml:reuters.com:*:nL8N2CPA86

    CREDEM  EMBI.MI 
    The Italian regional lender said on Thursday its net profit
fell to 40.7 million euros in the first quarter compared with
44.9 million euros a year ago.  urn:newsml:reuters.com:*:nFWN2CP156
    
    UNIPOLSAI  US.MI 
    Fitch cut the group's Insurer Financial Strength rating to
'BBB' (Good) from 'BBB+' (Good) after the downgrade of Italy's
sovereign rating over the coronavirus emergency.
    
    (*) BANCA FARMAFACTORING  BFF.MI 
    The Italian bank is close to buying depositary bank DEPObank
in a cash-and-share deal, Il Sole 24 Ore reported on Friday.
    
    BRUNELLO CUCINELLI  BCU.MI  
    The head of the Italian fashion group said on Thursday he
expects revenue to grow by 5% in 2021  urn:newsml:reuters.com:*:nL8N2CP9XX
    (*) Jefferies has cut its target price on the stock to 28
euros per share from previous 30 euros per share.
    
    BANCA PROFILO  PRO.MI  
    The small Italian lender said on Thursday it had reported a
17.1% drop in its first-quarter net to 1.8 million euros.
 urn:newsml:reuters.com:*:nBIAfZb6h
    
    BANCO DI DESIO E DELLA BRIANZA  DESI.MI  
    The regional Italian lender said on Thursday it had reported
a 59.4% drop in its first-quarter net profit to 5.1 million
euros.  urn:newsml:reuters.com:*:nNDLbBfM2c
    
    GEOX  GEO.MI 
   The Italian shoemaker said on Thursday it had reported a 30% 
fall in its first-quarter revenue to 182.9 million euros at
current exchange rates.  urn:newsml:reuters.com:*:nL8N2CP9EM
    
    (*) ENI  ENI.MI 
    Fitch said on Thursday it had affirmed the Italian energy
group's rating to 'A-', with a stable outlook.  urn:newsml:reuters.com:*:nFIT5cf1m2
    
    UBI BANCA  UBI.MI 
    Board meeting on Q1 results, followed by conference call
(1300 GMT).
    
    BUZZI UNICEM  BZU.MI 
    Board meeting on Q1 results (0730 GMT), followed by
conference call (1200 GMT); saving shareholders' meeting (1430
GMT).
    
    PIAGGIO  PIA.MI 
    Board meeting on Q1 results, followed by conference call.
    
    SALVATORE FERRAGAMO  SFER.MI 
    Annual general meeting (0900 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/
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