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 .
    
    ECONOMY
    Bank of Italy Governor Ignazio Visco present initiative
"Meeting with the Bank of Italy" in Milan (1330 GMT).
    Savings banks association ACRI ends annual congress in
Parma; expected attendees include Bank of Italy Director General
Salvatore Rossi; ACRI President Giuseppe Guzzetti delivers
closing address.
    
    DEBT
    Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on June 13.
    
    ECONOMY
    The Italian government said on Thursday it would use its
'golden powers' to block the acquisition of Next Ingegneria dei
Sistemi by Defence Tech Holding.
    
    COMPANIES
    RETELIT  LIT.MI 
    The government decided on Thursday to use the so-called
'golden powers' against the changes in the company's governance
decided at April's shareholder meeting. The government said it
would use its special powers to protect the group's strategic
business in the telecoms sector. 
    
    BPER BANCA  EMII.MI 
    The head of BPER Banca said on Thursday Italy's
sixth-largest bank was being courted by investors eyeing its
debt collection business but wanted to hold onto the unit
despite "enormous pressure" to quickly shed soured loans.
 urn:newsml:reuters.com:*:nS8N1T905K
    The lender aims to present its business plan at
end-September, BPER Banca also said, adding the plan would focus
on shedding bad loans, boosting profitability and increasing
fees.
    
    SAFILO  SFLG.MI 
    The eyewar group has obtained from the lending banks an
extension of a 150-million-euro revolving credit facility to
November 30.  urn:newsml:reuters.com:*:nFWN1T90RF
    
    SAIPEM  SPMI.MI 
    The group said on Thursday it was awarded a new contract in
joint-venture on onshore E&C sector in Thailand for an overall
value of approximately $925 million. The group's said its share
is around $500 million.  urn:newsml:reuters.com:*:nFWN1T90TQ
    An Italian administrative court has rejected on Thursday a
request to block a decision by the environment ministry to waive
the request of a specific environmental evaluation for the final
part of the pipeline.  
    
    A2A  A2.MI 
    Chairman Giovanni Valotti attends annual "Energy Festival"
in Milan.
    
    TELECOM ITALIA (Tim)  TLIT.MI 
    Meeting with trade unions in Rome.
    
    IBERDROLA  IBE.MC 
    News conference on the project to enter the Italian retail
market with Country Manager Lorenzo Costantini (0900 GMT).
    
    PRADA  1913.HK 
    Presents its new industrial headquarters in Valvigna with
CEO Patrizio Bertelli.
    
    ASSICURAZIONI GENERALI  GASI.MI 
    Chairman Gabriele Galateri di Genola attends opening
ceremony of new "BabyLife Nursery" (0945 GMT).
    
    Rapallo, start of two-day annual conference by employers'
association youth section Confindustria (0800 GMT); expected
attendees include STMicroelectronics  STM.MI  Italian unit CEO 
Carmelo Papa, Philip Morris  PM.N  Italian unit CEO Eugenio
Sidoli, state lender Cassa Depositi e Prestiti (CDP) SACE unit
Chairman Baniamino Quintieri, Energica Motor Company  EMCC.MI 
CEO Livia Cevolini, Telecom Italia (TIM)  TLIT.MI  Chief
Commercial Officer Pietro Scott Jovane, ERG  ERG.MI  Chairman
Edoardo Garrone.
    
    BEST UNION  BSTU.MI 
    Time for Ticket Srl takeover bid on Best Union shares ends.
    
    BIOERA  BIE.MI 
    Annual general meeting (0800 GMT).
    
    LA DORIA  LDO.MI 
    Annual and extraordinary shareholders' meetings (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/