Italy - Factors to watch on March 5
05/03/2018 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 .
POLITICS
Italians waited in long queues at polling booths on Sunday
to vote in an election that could bring political gridlock after
a campaign marked by anger over the listless economy, high
unemployment and immigration. urn:newsml:reuters.com:*:nL5N1QL06Z
UniCredit CRDI.MI holds conference call on "Italian
elections: outcome and market implications" in Milan (0900 GMT).
ECONOMY
Markit releases February service Pmi data (0845 GMT).
COMPANIES
TELECOM ITALIA TLIT.MI , RAIWAY RWAY.MI
Telecom Italia said on Saturday the transfer of its majority
stake in broadcasting unit Persidera to a trust did not affect
its control over the sale of the stake. urn:newsml:reuters.com:*:nL5N1QL0ET
Infrastructure fund F2i and towers company Raiway will not
extend their offer for Telecom Italia's (TIM) broadcasting unit
Persidera after it expires on Friday, three sources close to the
matter said. urn:newsml:reuters.com:*:nI6N1QG00J
The Telecom Italia board will meet on Monday to discuss the
Persidera situation, Il Sole 24 Ore said on Saturday. Il
Messaggero on Sunday said Monday's board meeting had been called
for a preliminary discussion over the business plan update and
2017 earnings to be approved on Tuesday. Spinning off the
fixed-line network into a separate company will require 12-18
months, the paper said, adding directors representing funds
association Assogestioni had concerns about some of plan's
measures.
EU countries and lawmakers have struck a deal to free up
radio frequencies for next-generation 5G services that will be
valid for 20 years, as the bloc tries to catch up with the
United States and China in rolling out internet-connected
products. urn:newsml:reuters.com:*:nL8N1QK5OE
The monitoring committee working with the government on the
issue of fining Telecom Italia in regard to its use of golden
powers has involved the antitrust, Il Sole 24 Ore said on
Saturday. The timeframe for a decision on the amount of the fine
has extended to end-March, it said.
BANKS
The first signs of a new wave of mergers in the sector could
emerge already in the first half of the year, consultancy Bain's
Luca Penna told Sunday's Il Sole 24 Ore.
ENI ENI.MI
A trial in Italy of Royal Dutch Shell RDSa.L and Eni
executives over alleged corruption in Nigeria, which had been
due to start on March 5, will be transferred to another court in
Milan, delaying the proceedings, legal sources said.
urn:newsml:reuters.com:*:nL8N1QK5X6
CREDITO EMILIANO EMBI.MI
The lender said on Friday its CET1 ratio was rising to 13.69
percent from 13.32 percent after the European Central Bank
approved its move to not discounting Credemvita stake when
calculating capital. urn:newsml:reuters.com:*:nFWN1QK17C
CREVAL PCVI.MI
Some 15 international funds are interested in building
stakes in Italy's 10th-largest lender through its capital
increase, including Blackstone, Fidelity and Wellington, Il
Sole 24 Ore said on Saturday.
BANCA CARIGE CRGI.MI
A board meeting on March 6 is expected to discuss 5.4
percent shareholder Raffaele Mincione's request to be assigned a
board seat, Corriere della Sera reported on Sunday citing Il
Secolo XIX. Market regulator Consob is monitoring the issue, the
paper said.
PRELIOS PCRE.MI
Investment vehicle Lavaredo said on Friday it would re-open
its takeover offer on real estate group Prelios between March
12-16. urn:newsml:reuters.com:*:nFWN1QK1BZ
INWIT INWT.MI
The group said on Friday Q4 revenue was up 11.9 pct to 94.8
million euros. urn:newsml:reuters.com:*:nFWN1QK17T
FULLSIX FUL.MI
BluGroup, controlling shareholder in Fullsix, will swap its
45.31 percent stake in the group with a shareholding in start-up
company Myav, which will be listed on the AIM segment of the
Milan bourse within 18-24 months from now, Fullsix said.
urn:newsml:reuters.com:*:nBIA8Tjf8f
RENO DE MEDICI RDM.MI
The company targets a double-digit EBITDA margin up from
8.05 percent last year, Il Sole 24 Ore reported on Sunday.
CAD IT CAD.MI
Board meeting on preliminary FY results.
I GRANDI VIAGGI IGV.MI
Trades ex-dividend of 0.02 euro per share.
PRISMI PRSM.MI
Starts capital increase, ends on March 22.
BREMBO BRBI.MI
Board meeting on FY results (0830 GMT).
GEDI GRUPPO EDITORIALE GEDI.MI
Board meeting on FY results.
SAIPEM SPMI.MI
Board meeting on FY results (press release on March 6).
((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/