Italy - Factors to watch on November 12

Conafi SpA

12/11/2014 07:56

The following factors could affect Italian markets on Wednesday. 
    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 
    Milan, Bank of Italy holds news conference presentation of 
report on "Economic Update on Lombardy Region" (1000 GMT). 
    Rome, Bank of Italy Governor Ignazio Visco gives speech at 
celebration of economist Federico Caffè. 
     
    DEBT 
    Treasury sells 6.5 billion euros 12-month BOT bills (364 
days). Subscriptions close at 1000 GMT. 
     
    COMPANIES 
    UBI BANCA  UBI.MI  
    Conference call on 9-mth results (1330 GMT). 
  * Italy's fifth biggest bank posted a 47 percent rise in its 
nine-month consolidated net profit thanks to higher interest 
income and fees. ID:nI6N0SP01Y  
     
  * FINMECCANICA  SIFI.MI  
    China's CNR Corporation, which was one of the suitors for 
the railways units of Finmeccanica, has pulled out from the 
race, daily Corriere reported, adding that Japan's Hitachi 
remained the sole bidder.  
   
  * SALINI IMPREGILO  SALI.MI  
    The Italian construction company plans to hire 15,000 people 
globally, of which 2,500 in Italy, in the next three years, 
Chief Executive Pietro Salini said in an interview with Corriere 
della Sera.     
     
    UNICREDIT  CRDI.MI  
    Italy's biggest bank by assets expects to sign a deal with 
Spain's Santander  SAN.MC  to combine their asset management 
businesses by early December, UniCredit CEO Federico Ghizzoni 
said on Tuesday. ID:nI6N0O6007  
    Ghizzoni told Il Sole 24 Ore in an interview that Ukraine 
remained the only problematic area for the group.  
     
    BANCO POPOLARE  BAPO.MI  
    Italy's Banco Popolare posted a net loss of 121.7 million 
euros in the first nine months hit by higher loan loss charges 
and one-off costs related to the early retirement of 330 
employees. ID:nI6N0SP01H  
    The lender is not looking at any M&A deals at the moment but 
it would examine any interesting opportunities that may come 
about, its chief executive said on Tuesday.  
     
    BANCA CARIGE  CRGI.MI  
    The lender posted a net loss for the January-September 
period, hit by one-off items related to writedowns on insurance 
assets it was selling and higher labour costs. ID:nL6N0T154O  
    The bank said it would exercise its right not to pay any 
interest due Dec. 4 on a subordinated bond. ID:nL6N0T158Q   
     
    MONCLER  MONC.MI  
    The Italian luxury outerwear maker posted on Tuesday 
nine-month core profit slightly ahead of expectations despite a 
slowdown in sales growth compared to the first 
half. ID:nI6N0SP01X   
     
    MEDIASET  MS.MI  
    The Italian broadcaster said on Tuesday it would post a net 
profit for the full year in 2014 thanks to cost cuts and a 
recovery in Spain. ID:nI6N0SP01S  
    CFO Marco Giordani said on Tuesday he did not expect a deal 
for a new investor in the Italian group's pay TV business 
Mediaset Premium to be reached shortly. ID:nL6N0T14RH  
    Mediaset will spin off its pay-TV business Mediaset Premium 
at the start of December, Giordani said, sticking to plans to 
carry out the move by year-end. ID:nL6N0T14MV  
     
    ENEL  ENEI.MI  
    Italy's biggest utility reported a 3 percent drop in 
nine-month core profits on Tuesday, due to regulatory changes in 
Spain and a weaker performance by its Latin American business, 
but said it was on track to hit full-year 
targets. ID:nL6N0T14QZ   
    Enel CFO Luigi Ferraris said on Tuesday that the utility's 
revised target to cut debt to 39-40 billion euros by year-end 
does not include potential income from planned asset sales in 
Romania and Slovakia. ID:nL6N0T14LX  
     
    BANCA POPOLARE DI MILANO  PMII.MI  
    Italy's Banca Popolare di Milano posted on Tuesday a 63 
percent increase in nine-month net profit to 219.3 million euros 
($273 million) despite falling interest income thanks to a stake 
sale. ID:nI6N0SP01Q  
     
  * EI TOWERS  EIT.MI  
    The advisors of Italian mobile phone operator Wind, a unit 
of Russian telecoms group Vimpelcom  VIP.O , have received eight 
non-binding offers for its phone masts, among which one from Ei 
Towers, American Tower, Abertis and F2i, il Sole 24 Ore said. 
The offers value the asset at around 700 million euros, the 
paper added.  
     
    BRUNELLO CUCINELLI  BCU.MI  
    The Italian luxury group posted a 6.6 percent rise in 
nine-month core earnings, helped by higher revenues and a better 
sales mix. ID:nI6N0SP01V  
     
    TELECOM ITALIA  TLIT.MI  
    The board of Telecom Italia could meet as early as next week 
to discuss options for its business in Brazil, two sources 
familiar with the situation said on Tuesday, as consolidation 
talk in the Latin American market heats up. ID:nL6N0T13AM  
     
    INTESA SANPAOLO  ISP.MI  
    The HNA Group, parent company of China's airline Hainan 
Airlines  600221.SS , has bought 8.33 percent of Spain's NH 
Hoteles  NHH.MC  from Intesa Sanpaolo, the Italian bank said in 
a statement to Spain's stock market regulator on 
Tuesday. ID:nL6N0T14FD  
         
    FIAT CHRYSLER AUTOMOBILES  FCHA.MI  FCAU.N  
    Chrysler Group will begin replacing potentially defective 
air bag inflators made by Takata Corp  7312.T  in more than 
371,000 U.S. vehicles in early December, according to documents 
filed by the automaker with U.S. safety 
regulators. ID:nL2N0T11EZ  
     
    CLUB MEDITERRANEE  CMIP.PA  
    Italian tycoon Andrea Bonomi has launched a last-minute 
counter offer for holiday group Club Mediterranee, outbidding 
China's richest man Guo Guangchang and his Shanghai-based 
conglomerate Fosun  0656.HK . ID:nL6N0T14FX  
     
    Board meeting on Q3 results: AEDES  AEDI.MI , BANCA MONTE 
DEI PASCHI DI SIENA  BMPS.MI  followed by conference call (1730 
GMT), BENI STABILI  BNSI.MI , CAD IT  CAD.MI , CAMPARI GROUP 
 CPRI.MI  followed by conference call (1200 GMT), CATTOLICA 
ASSICURAZIONI  CASS.MI , CERVED  CERV.MI  followed by conference 
call, COBRA  COBRA.MI , CONAFI PRESTITO  COPR.MI , DADA  DA.MI , 
DELCLIMA  DLCL.MI  followed by conference call (1400 GMT), 
EDISON  EDNn.MI , ERG  ERG.MI  (press release on Nov. 13), 
ERGYCAPITAL  ECY.MI , FALCK RENEWABLES  AA4.MI , GABETTI 
PROPERTY SOLUTIONS  GABI.MI , GEFRAN  GFRN.MI , HERA  HRA.MI  
followed by conference call (1430 GMT), IGD  IGD.MI , IREN 
 IREE.MI , LVENTURE GROUP  LVEN.MI , MAIRE TECNIMONT  MTCM.MI , 
MID INDUSTRY CAPITAL  MIDI.MI , PRIMA INDUSTRIE  PRII.MI , RATTI 
 RATI.MI , SALINI IMPREGILO  SALI.MI , TAMBURI INVESTMENT 
PARTNERS  TIP.MI , TAS  TAS.MI , TERNA  TRN.MI  followed by 
conference call (1500 GMT), TOD'S  TOD.MI  followed by 
conference call (1700 GMT), VALSOIA  VALS.MI , VIANINI INDUSTRIA 
 VINI.MI , VIANINI LAVORI  VIAI.MI . 
    Conference calls on Q3 results: BANCA CARIGE  CRGI.MI  (1630 
GMT), BANCA POPOLARE DELL'EMILIA ROMAGNA  EMII.MI  (0800 GMT), 
BANCA POPOLARE DI MILANO  PMII.MI  (1000 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/  
 
 
Keywords: ITALY FACTORS/NOVEMBER 12