Italy - Factors to watch on August 17
Italy - Factors to watch on August 17 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 (*).
POLITICS
(*) Matteo Salvini should consider stepping down as leader of Italy's co-ruling League party to try to halt its decline in opinion polls, a senior party official told daily Corriere della Sera on Monday.
COMPANIES
MONTE DEI PASCHI DI SIENA BMPS.MI, INTESA SANPAOLO ISP.MI
The break-up of Monte dei Paschi di Siena (MPS) envisaged by Intesa's takeover plan will destroy value at the Tuscan bank, CEO Luigi Lovaglio told reporters on Saturday. Lovaglio praised recent comments by Prime Minister Giorgia Meloni, who had expressed her hope that MPS will not be "dismembered". He said protecting the bank's value meant keeping MPS in one piece and "we must all work to this end."
MONTE DEI PASCHI, GENERALI GASI.MI, UNICREDIT CRDI.MI
The Del Vecchio family's holding company Delfin is studying ways to give each family member more freedom in deciding what to do with their stake, Il Sole 24 Ore reported on Saturday.
The plan now under consideration is a split between Delfin's financial investments and its core asset: the stake in EssilorLuxottica ESLX.PA, the paper said, quoting a source as saying it will take at least another year to find a solution.
UNICREDIT CRDI.MI
A Reuters analysis on Friday reported that CEO Andrea Orcel has a blueprint for Commerzbank CBKG.DE: slash costs, strip out management layers and push harder for revenue growth, a formula that has helped transform the Italian lender into one of Europe's most profitable banks.
(*) FINCANTIERI FCT.MI
The Italian shipbuilder gained 3.2% on Friday after President Donald Trump signed a directive the day before, opening U.S. Navy shipbuilding to overseas yards.
(*) FERRARI RACE.MI
The luxury sports car maker said on Saturday a one-off 'Tailor Made' model of the company's contested electric car 'Luce' had sold for $40 million at auction during Monterey Car Week, setting a record for a new car, with all proceeds benefiting The Ferrari Foundation.
BFF BFF.MI
Now that potential buyers have emerged for a €1.2 billion loan securitisation, as reported by Bloomberg News, the Italian bank is advancing towards a break up that should see it sell separately its different businesses, Il Sole 24 Ore reported on Friday, adding that no formal sales process was yet under way.
(*) LAZIO LAZI.MI
The Rome-based club was knocked out of the Coppa Italia on Sunday, losing 2-0 at home to Mantova.
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
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/
Recent news on BFF Bank
See all newsBrief: BFF Banking Group Appoints Ferdinando Brandi As Vice President Factoring & Lending
Brief: BFF Banking Group Announces Deal For Sale Of Credits In Italy And Spain With Book Value Of €127 Mln
Brief: Cerberus Has Proposed Taking A Stake Of Less Than 30% In BFF Bank - Bloomberg News
Italy - Factors to watch on August 17
Media: BFF in talks with Pimco, others over €1.2 billion securitization - Bloomberg News