Italy - Factors to watch on Dec. 11

Digital Bros SpA

11/12/2017 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 . 
     
    POLITICS 
    Libya's U.N.-backed government agreed with Italy on Saturday 
to establish a joint operations room for tackling migrant 
smugglers and traffickers as part of efforts to curb migrant 
flows towards Europe, according to a statement.  urn:newsml:reuters.com:*:nL8N1O90E2 
    Former Prime Minister Matteo Renzi said that the Democratic 
Party, which he leads, will not seeks alliances with Silvio 
Berlusconi should it win the next national elections, speaking 
in an interview with la Repubblica on Sunday.  
     
    ECONOMY 
    Italy must do more in terms of reforms, addressing labour 
market rigidities, its financial sector and "appropriately 
confronting" its bad loans, said IMF director Christine Lagarde 
in an interview with Il Sole 24 Ore on Sunday.  
    Lagarde added that the country should cut its debt and that 
keeping public accounts in order should be done at an 
"appropriate pace".  
     
    ISTAT releases October retail trade data (0900 GMT). 
    OECD releases October composite leading indicator (1100 
GMT). 
    Bank of Italy releases October data on bank lending and 
domestic government bond holdings at Italy-based banks. 
     
    COMPANIES 
    TELECOM ITALIA (TIM)  TLIT.MI  
    Brazilian wireless carrier TIM Participações  TIMP3.SA , a 
unit of TIM, sees no "transformational" opportunities in mergers 
and acquisitions in the short term, but there are smaller 
targets that could help expand networks, Chief Executive Stefano 
De Angelis said on Friday.  urn:newsml:reuters.com:*:nE6N1N6015 
    The provider launched an expansion of its fiber-to-the-home 
service outside the country's two biggest cities on Friday. 
 urn:newsml:reuters.com:*:nL1N1O81AP 
     
    MEDIASET  MS.MI , TELCOM ITALIA (TIM) 
    CEO Pier Silvo Berlusconi said he hoped the shared interest 
over TV content with Telecom Italia (TIM) TLIT.MI could pave the 
way to a truce with France's Vivendi  VIV.PA , speaking in a 
interview published late on Sunday.  urn:newsml:reuters.com:*:nL8N1OA0XQ 
 
    INTESA SANPAOLO  ISP.MI  
    The integration of the customer databases of the Veneto 
banks, bought by Intesa Sanpaolo, with the lender's will be 
completed by Monday, Il Sole 24 Ore reported on Saturday.  
      
    BANCO BPM  BAMI.MI  
    Italy's Banca Ifis  IF.MI , a Deutsche Bank  DBKGn.DE  unit, 
Polish Kruk  KRU.WA  and private equity firm AnaCap will be 
among seven bidders for a 1.8 billion euro non-guaranteed bad 
loan portfolio of the Italian bank, Il Sole 24 Ore reported on 
Sunday. The so-called "Sun" portfolio, for which offers will be 
submitted by Monday, is divided in a 1 billion portfolio and a 
780 million one, the report added.   
     
    BANKING SECTOR 
    New banking rules agreed by global regulators in the Basel 
Committee will have a smaller impact than the conditions that 
were being initially analysed, the Director General of the 
Italian banking association ABI said on Saturday to la 
Repubblica. Giovanni Sabatini added the rules must not hit 
European growth and that they should be "respected in 
substance... but with reasonable flexibility".  
    France's Credit Agricole, which has taken over three small 
Italian ailing banks, does not have M&A targets in the immediate 
future but is rather thinking of integrating what it has bought, 
its Chief Executive said in an interview with Il Sole 24 Ore. 
The bank is not considering a listing in Italy, though it trusts 
the country, which it sees as "a second domestic market", CEO 
Philippe Brassac added. 
    The preliminary hearing of the trial against top executives 
of lender Popolare di Vicenza is scheduled for Dec. 12, La 
Stampa reported on Sunday.  
     
    FINCANTIERI  FCT.MI , LEONARDO  LDOF.MI  
    Should the shipbuilder and France's group Naval win a tender 
to supply Canada with 15 frigate ships, onboard defence systems 
would be supplied by French group Thales - a Naval shareholder- 
excluding Italy's Leonardo, la Repubblica reported on Saturday. 
     
    ENAV  ENAV.MI  
    The air traffic controller aims to increase its revenues 
abroad, Il Sole 24 Ore reported on Sunday. 
     
    ALITALIA  CAITLA.UL  
    Talks between the state-appointed commissioners and 
Germany's Lufthansa  LHAG.DE  over the sale of the carrier are 
intensifying, with a new meeting set for Dec. 15 and a possible 
finalisation of the deal in January, Il Messaggero reported on 
Saturday. U.S. private equity Cerberus and airline EasyJet are 
not giving sufficient guarantees for Alitalia, the report added. 
  
    The offers of Lufthansa and Cerberus have the same 
likelihood of being accepted, Il Sole 24 Ore reported on 
Saturday, citing sources close to the matter.    
     
    A2A  A2.MI  
    The regional utility will put all the networks for the 
Lombardy region in a single one if the municipal authorities 
involved will give their green light to the plan in the next 
days, reported Il Sole 24 Ore on Saturday. A2A  will control 
about 40 percent of the Como and Monza utility group Acsm-Agam, 
which in turn incorporates the utilities for smaller towns, the 
report added.     
     
    MAIRE TECNIMONT  MTCM.MI  
    The group will focus on the petrochemical sector and will 
keep investing in technology, but is also very interested in the 
production of renewable energy and wants to "expand (its) 
geographical presence", said CEO Pierroberto Folgiero in an 
interview with Milano Finanza on Saturday.  
     
    JUVENTUS FC  JUVE.MI  
    Inter Milan stayed top of Serie A and unbeaten after 16 
games on Saturday after surviving their toughest test so far by 
holding title-holders Juventus to a 0-0 draw in Turin. 
 urn:newsml:reuters.com:*:nL3N1O90B2 
     
    OVS  OVS.MI  
    Board meeting on Q3 results. 
     
    Trade ex-dividend: ASTM  ATMI.MI  of 0.214 euro per share as 
2017 interim dividend; DIGITAL BROS  DIB.MI  of 0.15 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: ITALY FACTORS/DEC. 11