Italy - Factors to watch on May 28

Bestbe Holding SpA

28/05/2018 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
    Efforts to form a coalition government collapsed on Sunday
after the Italian president rejected a eurosceptic pick for the
key economy ministry, triggering a possible constitutional
crisis and opening the prospect of fresh elections.  urn:newsml:reuters.com:*:nL5N1SY0FQ
    
    DEBT
    Credit rating agency Moody's said on Friday it may downgrade
Italy's sovereign debt, citing risks that the country's new
government will weaken its public finances and row back on past
reforms.  urn:newsml:reuters.com:*:nL5N1SW6F5
    Italy's Treasury sells up to 1.75 billion euros in
zero-coupon bonds and up to 1.75 billion euros of two
inflation-linked bonds due in 2022 and 2028.
    The Treasury said on Friday it would offer 3.75-6.00 billion
euros in bonds at an auction on May 30.  urn:newsml:reuters.com:*:nI6N1SN00B
    Borrowing costs in southern Europe shot up on Friday and
stock markets in Milan and Madrid fell as threatened
no-confidence motions against Spain's prime minister exacerbated
a sell-off provoked by growing political risk in Italy.
 urn:newsml:reuters.com:*:nL5N1SW3FJ
    The 5G auction the government will launch this year could
raise 2.9 billion euros for state coffers, Il Sole 24 Ore said
on Sunday. 
                    
    COMPANIES
    BANKS 
    Shares in Italy's banking sector  .FTIT8300  hit their
lowest level in nearly a year on Friday as the prospect of an
anti-establishment government pushed the risk premium on Italian
bonds to a four-year high.  urn:newsml:reuters.com:*:nL5N1SW4VL
    
    INTESA SANPAOLO  ISP.MI 
    Italy needs political stability if its wealth is not to be
damaged, the bank's CEO said in an interview in Corriere della
Sera on Sunday.
    
    BANCO POPOLARE  BAMI.MI 
    Shares in Banco BPM, Italy's third-largest lender, closed
down 7.3 percent on Friday, leading losses in Italian banking
shares.  urn:newsml:reuters.com:*:nL5N1SW5KX
    
    ENEL  ENEI.MI 
    Italy's biggest utility is in advanced talks with Russian
businessman Andrey Melnichenko over the sale of Enel's
Reftinskaya coal plant, three sources familiar with the talks
told Reuters on Friday.  urn:newsml:reuters.com:*:nL5N1SW5N1
    The São Paulo Court of Justice has suspended an injunction
that changed the procedures established by Brazil's market
watchdog for the sale of Eletropaulo, requiring adjustment in
the procedures for the São Paulo distributor's auction.
 urn:newsml:reuters.com:*:nE6N1SF000
   
    MAIRE TECNIMONT  MTCM.MI 
    The engineering group said on Friday it had signed a key
subcontract as part of the 3.9 billion euro project which Maire
is executing in Russia acting as general contractor in the
interest of Gazprompererabotka Blagoveshchensk. The value of the
subcontract signed between Tecnimont Russia and Renaissance
Heavy Industries is of around 1.3 billion euros. 

    EI TOWERS  EIT.MI 
    Besides the three mobile tower M&A operations already
announced, a fourth deal should be on its way, Il Sole 24 Ore
said on Sunday, citing CEO Carlo Ramella. Another 3 companies in
Umbria are in the group's sights and other small acquisitions
could happen by year end, Ramella said.
        
    BANCA INTERMOBILIARE  BIM.MI 
    Trinity Investments Designed Activity Company starts full
mandatory takeover bid on Banca Intermobiliare shares, ends on
June 22.
    
    BOERO BARTOLOMEO  BOEI.MI 
    Delisted as of today.
    
    SPACE4  SPA4.MI 
    Extraordinary shareholders' meeting.
    
    CHL  CHL.MI 
    Annual general meeting (1500 GMT).
    
    GEQUITY  GEQ.MI 
    Annual general meeting (0900 GMT).
    
    AXELERO  AXEL.MI 
    Board meeting on FY results.
    
    ENERGY LAB  ELAB.MI 
    Board meeting on FY results.
    
    Trade ex-dividend: ASTM  ATMI.MI  of 0.255 euro per share as
final 2017 dividend (0.214 euro per share as interim dividend on
Dec. 11, 2017); COMPAGNIA IMMOBILIARE AZIONARIA  CIAZ.MI  0.0022
euro per share; CONAFI PRESTITO  COPR.MI  of 0.0535 euro per
ordinary share as extraordinary dividend; DATALOGIC  DAL.MI  of
0.50 euro per share; EL.EN.  ELEN.MI  of 0.40 euro per share;
GIMA TT  GIMA.MI  of 0.42 euro per share; IRCE  IRC.MI  of 0.05
euro per share; MARR  MARR.MI  of 0.74 euro per share;
NEODECORTECH  NDT.MI  of 0.153 euro per share; PLT ENERGIA
 PLTEN.MI  of 0.1099 euro per share; SABAF  SABF.MI  of 0.55
euro per share; TRIBOO  TB.MI  of 0.0348 euro per share; ZEPHYRO
 ESCO.MI  of 0.10 euro per share.
    
    ((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/