Italy - Factors to watch on April 15
14/04/2019 23:06
MILANO, April 12 (Reuters) - 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 .
ECONOMY
Bank of Italy releases February data on public finances,
state borrowing and debt.
Economy Minister Giovanni Tria expects Italy's growth to
pick up in the second half of 2019 as government measures to
revive a virtually stagnant economy take effect, he said on
Sunday in an interview with state TV Rai. urn:newsml:reuters.com:*:nL5N21V0HV
Italy's government needs to cut spending in a way that does
not obstruct growth, to avoid a 23 billion euro VAT increase
planned for next year, Prime Minister Giuseppe Conte told Il
Fatto Quotidiano on Saturday. Rome might also consider a review
of tax-breaks regime, Conte said, adding a fiscal reform
proposed by League ruling party would be implemented
"gradually".
COMPANIES
MEDIASET MS.MI , PROSIEBENSAT1 MEDIA PSMGn.DE
Italy's biggest commercial broadcaster said on Saturday it
was not in talks over a merger with German rival Prosiebensat1,
denying a press report that the two companies were in talks to
tie-up via a share exchange. ProSiebenSat1 Chief Max Conze also
denied talks, saying he did not see any industrial logic in
combining the two companies. urn:newsml:reuters.com:*:nL5N21V0CD
Mediaset agreed on Friday to cancel the sale of pay-tv
assets to Sky's Italian unit following a probe from the
country's antitrust regulator that said the deal could affect
competition. urn:newsml:reuters.com:*:nL8N21U54F
TELECOM ITALIA TLIT.MI
Italian former telecoms monopolist has asked watchdog AGCOM
to postpone its review of a plan to spin off its fixed-line
network because the scheme will be modified as talks continue
with Open Fiber over a possible combination of their networks, a
source close to matter said on Saturday. urn:newsml:reuters.com:*:nL8N21E29M
FIAT CHRYSLER FCHA.MI
Italia American carmaker will close the sale of its Magneti
Marelli unit to Japan's Calsonic Kansei at the beginning of May,
Il Sole 24 Ore said on Saturday citing sources. A shareholder
meeting to approve the payment of a planned extraordinary
divided will be called immediately after the announcement, the
report added.
ENEL ENEI.MI
State lender CDP is in doubt whether to confirm Elisabetta
Ripa as CEO of the telecoms network operator Oper Fiber, which
CDP co-owns with Enel, Il Sole 24 Ore said in Saturday. Enel had
proposed to confirm Ripa as a CEO as the company's shareholder's
meeting is scheduled on Thursday.
ALITALIA, ATLANTIA ATL.MI
Deputy Prime Minister Luigi Di Maio said on Saturday that
positive news on the troubled airline would arrive in the coming
weeks, adding that Alitalia has a very good potential for growth
despite its poor financial position. He also said the government
would get a stake in the carrier, either direct or indirect, to
preserve jobs and avoid a company's breakup.
Prime Minister Giuseppe Conte has called for an emergency
meeting on Alitalia's future, to be held probably on Tuesday,
daily Il Messaggero reported on Sunday, as Ferrovie dello Stato
struggles to find new partners willing to invest in the airline.
The government is renewing pressure on State lender CDP to join
Alitalia relaunch plan led by Ferrovie, Il Messaggero added,
while, according to a Sunday report on daily La Stampa, Rome is
trying to push Atlantia to step in.
RCS.MI RCSM.MI
The first hearing of a Milan-based arbitration launched by
the Italian media company to nullify the 2013 sale of its
headquarters to Blackstone is held on Monday. The U.S. fund has
filed a counter suit in New York.
JUVENTUS JUVE.MI , AS ROMA ASR.MI , SS LAZIO LAZI.MI
Serie A leader Juventus lost 2-1 away to Spal, missing its
first chance to win its eighth consecutive title. AS Roma sealed
a 1-0 win over Udinese while Lazio lost to AC Milan.
A2A A2.MI
A Macquarie-run infrastructure fund managing the Renvico
wind farm portfolio in Italy and France has started a process to
sell the company which could be worth around 400 million euros
($450 million), four sources familiar with the matter said.
Italian utility said it was assessing the deal.
Other prospective bidders contacted, according to sources,
included Italian green energy group Erg ERG.MI , France's Engie
ENGIE.PA , e renewable investment companies Quercus and
Tages. urn:newsml:reuters.com:*:nL8N21U4DR
CATTOLICA ASSICURAZIONI CASS.MI
The insurer's shareholders confirmed on Saturday Alberto
Minali as chief executive and Paolo Bedoni as chairman.
urn:newsml:reuters.com:*:nBIA2kyCMm
ASCOPIAVE ASCI.MI
Period for presentation of binding offers ends.
Annual general meetings: CALTAGIRONE EDITORE CED.MI (1000
GMT), CAREL INDUSTRIES CRLI.MI (0900 GMT), CIRCLE CIRC.MI
(1500 GMT), FALCK RENEWABLES AA4.MI (0900 GMT), GABELLI VALUE
FOR ITALY GVALU.MI (1500 GMT), PHARMANUTRA PHNU.MI (1300
GMT), PRIMA INDUSTRIE PRII.MI (0730 GMT), SCM-SOLUTIONS
CAPITAL MANAGEMENT SIM SCM.MI (1100 GMT).
Board meetings on FY results: ALP.I ALPI.MI , BASTOGI
BTGI.MI , CLASS EDITORI CLED.MI , EEMS EEMS.MI , ITWAY
ITWY.MI , KI GROUP KI.MI .
Trade ex-dividend: AUTOSTRADE MERIDIONALI AUMI.MI of 1.50
euros per ordinary share; CARRARO CARRA.MI of 0.13 euro per
share; CULTI MILANO CULT.MI of 0.08 euro per ordinary share;
FINCANTIERI FCT.MI of 0.01 euro per share; INWIT INWT.MI of
0.211 euro per ordinary share; WIIT WIIT.MI of 0.90 euro per
share.
DIARY
Milan, news conference with Fiera Milano FIMI.MI CEO
Fabrizio Curci to present programme of 'Milan Food City' week to
be held on May 3-9 (0830 GMT).
Milan, Parmigiano Reggiano holds news conference to present
sector data (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/
(Reporting By Viviana Venturi)
((viviana.venturi@thomsonreuters.com;))