Italy - Factors to watch on March 31

Centrale del Latte d'Italia SpA

31/03/2020 07:29

The following factors could affect Italian markets on Tuesday.
    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 
    Italy's government on Monday said it would extend its
nationwide lockdown measures against a coronavirus outbreak, due
to end on Friday, at least until the Easter season in April, as
the number of new infections declines. urn:newsml:reuters.com:*:nL8N2BN7R9
    
    ECONOMY
    ISTAT releases March flash CPI and HICP data (0900 GMT).
    Bank of Italy holds annual ordinary meeting, Governor
Ignazio Visco presents annual report (0800 GMT).
    
    DEBT
    Treasury sells 2.25-2.75 billion euros 0.35% BTP bonds due
Feb. 1, 2025; 3.0-3.5 billion euros 0.95% BTP bonds due Aug. 1,
2030; 1.0-1.5 billion euros 1.35% BTP bonds due April 1, 2030;
500-750 million euros CCTeu bonds due Dec. 15, 2023.
Subscriptions close at 0900 GMT.
    
    COMPANIES
    EXOR  EXOR.MI 
    The holding company of Italy's Agnelli family said on Monday
it had agreed to invest $200 million to buy a 8.87% stake in
U.S.-based shared mobility company Via Transportation, in what
would be the firm's first step into the tech industry.
 urn:newsml:reuters.com:*:nL8N2BN80F
    
    FIAT CHRYSLER  FCHA.MI 
    U.S. new vehicle sales likely drove off a cliff in March as
the coronavirus pandemic pounded consumer confidence and
shuttered dealerships across much of the country, and sales are
likely to take a further beating in April as social distancing
guidelines remain in place.  urn:newsml:reuters.com:*:nL1N2BN18I
    Fiat Chrysler top executives and salaried workers around the
globe will take pay cuts in an act of "shared sacrifice" brought
on by the coronavirus pandemic that has shuttered the
automaker's plants in Europe and North America, according to a
company memo seen by Reuters.  urn:newsml:reuters.com:*:nL1N2BN28Y
    
    CNH INDUSTRIAL  CNHI.MI 
    The truck and tractor maker withdrew its 2020 financial
outlook due to the coronavirus crisis and will provide further
updates on May 6 with the first quarter results.  urn:newsml:reuters.com:*:nFWN2BN1V7
    
    MEDIASET  MS.MI 
    The Italian broadcaster has increased its stake in German
rival Prosiebensat.1 by 0.6% to 20.1%.  urn:newsml:reuters.com:*:nL8N2BN7SZ   
    
    INSURERS 
    Italy's insurance watchdog IVASS is calling on companies in
the sector to be prudent about dividends and bonus payments to
protect their capital position during the coronavirus crisis, a
source familiar with the matter said on Monday.  urn:newsml:reuters.com:*:nL8N2BN6EF
    
    PRYSMIAN  PRY.MI  
    The cable maker will propose to shareholders to reduce the
dividend to 0.25 euros per share from the originally proposed
0.50 euros per share due to the coronavirus outbreak. The board
will consider any distribution of the remaining 50% of dividends
looking at the developing scenario, the company said.
 urn:newsml:reuters.com:*:nL8N2BN8E0
    
    TOD'S  TOD.MI 
    The luxury group said on Monday it would not pay a dividend
this year due to worsening of the coronavirus crisis.
 urn:newsml:reuters.com:*:nFWN2BN18C  
    
    INTESA SANPAOLO  ISP.MI 
    The board of Italy's biggest retail bank will discuss on
Tuesday a recommendation from the European Central Bank to
freeze dividend payments. 
    
    ATLANTIA  ATL.MI 
    The group has restarted talks with Italy's transport
ministry over its motorway concession, daily Il Sole 24 Ore
said, adding that the Benetton-controlled group could sell a
40-50% stake of its motorway unit Autostrade per l'Italia to
state lender CDP and infrastructure fund F2i.
    
    (*) SALVATORE FERRAGAMO  SFER.MI 
    JP Morgan cut its target price on the stock to 15.5 euros
from 17.5 euros
    
    (*) CAMPARI  CPRI.MI 
    RBC cut its rating on the stock to underperform, target
price to 6.1 euros from 6.5 euros.
    
    (*) ILLIMITY BANK  ILTY.MI  
    The company said it was "adequately structured and suitably
equipped" to deal with the coronavirus emergency, adding its
capital and liquidity base was "extremely solid". 
    
    (*) BFF BANKING GROUP  BFF.MI  
    The company confirmed its dividend policy and resolved to
making the payment of the 2019 expected cash dividends
conditional on the resolution of the COVID-19 emergency, but not
prior to Oct. 1. urn:newsml:reuters.com:*:nFWN2BN1UG
    
    MAIRE TECNIMONT  MTCM.MI  
    The group said on Tuesday its units won contracts in Korea,
Russia and India for a total amount of around $10 million.
 urn:newsml:reuters.com:*:nFWN2BO05O  
    
    NEWLAT  NWLF.MI , CENTRALE LATTE ITALIA  CLII.MI 
    Italian food group Newlat has agreed to buy a 46.2% stake in
local dairy business Centrale del Latte d'Italia (CLI) and will
launch a cash-and-paper mandatory takeover bid on the remaining
shares. urn:newsml:reuters.com:*:nFWN2BN1ZY
    
    ANIMA  ANIM.MI 
    Annual and extraordinary shareholders' meetings (0900 GMT).
    
    DIARY
    Milan, news conference to present 'Ospedalefieramilano' with
new intensive care unit beds for the coronavirus emergency, with
Lombardy Regional Governor Attilio Fontana, Fiera Milano
Foundation President Enrico Pazzali.
    Rome, Energy Authority AEEGSI expected to release energy and
gas fees effective from April 1, 2020.
    
    ((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/