Italy - Factors to watch on June 29

Caleffi SpA

29/06/2015 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 . 
     
    EURO ZONE 
    Greece said it may impose capital controls and keep its 
banks shut on Monday after creditors refused to extend the 
country's bailout and savers queued to withdraw cash, taking 
Athens' standoff with the European Union and the International 
Monetary Fund to a dangerous new level.  ID:nL5N0ZE0EF  
    Greek Prime Minister Alexis Tsipras called a referendum on 
austerity demands from foreign creditors on Saturday, rejecting 
an "ultimatum" from lenders and putting a deal that could 
determine Greece's future in Europe to a risky popular vote. 
 ID:nL8N0ZC1Y3  
     
    COMPANIES 
    TELECOM ITALIA  TLIT.MI  
    The phone group's chairman said on Friday he expects to meet 
soon with his counterpart at French group Vivendi which this 
week replaced Spanish rival Telefonica as the Italian phone 
group's biggest investor. ID:nL8N0ZC3S4  
    Insurer Generali sold a stake in Telecom Italia on the 
market and not to France's Vivendi, which this week increased 
its holding in the phone group, sources close to the matter told 
Reuters on Friday. ID:nI6N0Q6005  
    The outgoing chairman of Italian state lender Cassa Depositi 
e Prestiti (CDP) denied on Saturday he was losing his job due to 
a refusal to invest in Telecom Italia.  ID:nL5N0ZD0GM    
     
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI  
    BTG Pactual has a stake of 3.13 percent in the lender after 
its capital increase, a filing by market regulator Consob showed 
on Friday. ID:nI6N0Z100X   
    Veteran Italian banker Pietro Modiano has turned down a 
proposal to become the bank's new chairman. Borsa Italiana 
Chairman Massimo Tononi and academic Giuseppe Lusignani remain 
in the running, Borsa Italiana said on Saturday in an unsourced 
report. 
     
    FIAT CHRYSLER AUTOMOBILES  FCHA.MI  
    The Chrysler brand is on pace to hit a sales goal of 800,000 
vehicles in 2018, Al Gardner, the brand's head said on 
Friday. ID:nL1N0ZC16F  
    A redesign of Jeep's popular Grand Cherokee Sports Utility 
Vehicle will be delayed to late 2018 or 2019, from an initial 
target of 2017, Jeep brand head Mike Manley said on 
Friday. ID:nL1N0ZC0V7  
     
    ENI  ENI.MI  
    The Italian oil and gas group said on Saturday it had 
finalised a deal with state-owned KazMunayGas (KMG) to jointly 
explore an offshore oil field in the north Caspian sea. 
 ID:nR1N0YU00Q   
     
    PININFARINA  PNNI.MI  
    An offer by Indian vehicle maker Mahindra & Mahindra 
 MAHN.NS  to take over Pininfarina has fallen through due to 
opposition from some of the Italian car designer's creditor 
banks, newspaper Il Messaggero said on Saturday.  ID:nL5N0ZD0KF  
    Mahindra&Mahindra Executive Director, Group President auto 
and farm sector Pawan Goenka on Sunday declined to comment on 
the report.  
     
    INTESA SANPAOLO  ISP.MI  
    Paolo Molesini and Matteo Colafrancesco are set to be 
appointed next week, respectively, chief executive and chairman 
of Fideuram, the Italian bank's private banking division, Il 
Sole 24 Ore said in an unsourced report on Saturday.   
    Board meetings next week will discuss the bank's governance 
model as well as managerial turnover 120 executives retire, Il 
Sole 24 Ore said. 
      
    ARNOLDO MONDADORI EDITORE  MOED.MI  
    Deadline to present offer for RCS Mediagroup's  RCSM.MI  
book unit. 
     
    DE LONGHI  DLG.MI  
    The home appliance maker expects a higher 2015 EBITDA 
compared to last year but a lower EBITDA margin, Il Sole 24 Ore 
said on Sunday it its Letter to the investor. Revenue growth is 
expected in the upper part of a 5-10 percent range. The group 
could consider acquisitions of coffee machines or small kitchen 
robot makers, preferably in North America or Europe and Asia. 
     
    DEA CAPITAL  DEA.MI   
    Italy's Boroli and Drago family are now allowed to liquidate 
their holdings in the group comprising DeA Capital and its 
shareholder structure may change in coming weeks, Il Sole 24 Ore 
reported on Sunday.  
 
    INNOVATEC  INCI.MI , GRUPPO GREEN ENERGY  GGPW.MI  
    Energy efficiency group Innovatec said on Saturday it was 
buying 51 percent of renewable energy group Green Energy for 7.7 
million euros. 
     
    CALEFFI  CLFF.MI  
    Capital increase starts; ends on July 17. 
     
    UNIPOL  UNPI.MI  
    Conversion of preference shares into ordinary shares. 
     
    UNIPOLSAI  US.MI  
    Conversion of Category A and Category B shares into ordinary 
shares. 
     
    IPOs 
    Banca Sistema IPO ends. 
    Poste Italiane CEO Francesco Caio told Milano Finanza on 
Saturday the Italian postal service would meet its goal of 
listing on the stock market in the autumn. A meeting with 
analysts is scheduled in the second half of July after documents 
are filed with the stock exchange, he said. The IPO prospectus 
will be filed with market regulator Consob between the end of 
July and the beginning of August, he added. 
    Masi Agricola, the maker of premium wine such as Amarone, 
will debut on the Milan bourse on June 30 with its shares priced 
at 4.60 euros apiece, it said on Friday. ID:nL8N0ZC37S  
    Italy's Aeroporto di Bologna said on Friday it plans to 
offer more than 14 million shares at between 4.40-5.20 euros 
each in an initial public offering that starts on 
Monday. ID:nI6N0Z100W  
     
    Trade ex-dividend: FERROVIE NORD MILANO  FNMI.MI  0.014 euro 
per share; INTEK  IKG.MI  one saving share every 111 ordinary 
and/or savings shares owned; IVS GROUP  IVS.MI  0.12 euro per 
share; LA DORIA  LDO.MI  0.22 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/  
 
 
Keywords: