Italy - Factors to watch on May 8

Ecosuntek SpA

08/05/2014 08:01

The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot  vouch for their accuracy. New items are marked with (*). POLITICS Switzerland's finance minister said on Wednesday it should be possible to reach a deal with Italy over long-running negotiations aimed at disclosing Italian savers' secret holdings in Swiss bank accounts by the end of the year.  urn:newsml:reuters.com:*:nL6N0NT6KA  DEBT Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on May 13. The Treasury said on Wednesday it would offer 6.5 billion euros ($9 billion) of 12-month Treasury bills (BOTs) at its regular mid-month auction on May 12.  urn:newsml:reuters.com:*:nR1N0MF029  COMPANIES * ENEL  ENEI.MI  Italy's biggest utility said on Thursday its core earnings edged up 0.5 percent in the first quarter, beating consensus expectations as the group prepares to welcome a new chief executive.  urn:newsml:reuters.com:*:nL6N0NU1N8  FIAT CHRYSLER  FIA.MI   * The carmaker plans to invest 2.36 billion zlotys ($784 million) to upgrade its Tychy factory in southern Poland where it plans to start production of the all-new B-class car, Polish Puls Biznesu daily said on Thursday.  urn:newsml:reuters.com:*:nL6N0NU1D0  Short selling on Fiat Chrysler shares has been banned for Thursday's trading session until 2200 GMT, Italian market regulator Consob said on Wednesday following steep losses in the car maker's share price.  urn:newsml:reuters.com:*:nL6N0NT6JS  Fiat Chrysler's shares fell sharply on Wednesday as analysts questioned whether the carmaker could achieve Chief Executive Sergio Marchionne's new targets - and how his ambitious expansion plan would be funded.  urn:newsml:reuters.com:*:nL6N0NT29C  MEDIASET  MS.MI  Italy's Serie A soccer clubs have signed a contract with Swiss-based agency Infront that guarantees them at least 6 billion euros ($8 billion) in income from television rights for the next six seasons, Infront said on Wednesday. L6N0NT6NF  PIRELLI  PECI.MI  The tyre maker will reach its full-year targets despite a weaker-than-expected outlook for the Russian market, Chairman and CEO Marco Tronchetti Provera said on Wednesday. urn:newsml:reuters.com:*:nL6N0NT6ED  * ANSALDO ENERGIA  SIFI.MI , SHANGHAI ELECTRIC  601727.SS   Ansaldo Energia is due to sign a binding agreement with Shanghai Electric which will provide the foundation for the Chinese company to take a 40 percent stake in the Italian company, Il Sole 24 Ore reported on Thursday. The partnership will be strengthened by a series of joint ventures which will be set up in the coming months, the paper added. La Repubblica also said Shanghai Electric is due to take a 40 percent stake in the power engineering company. Italian Prime Minister Matteo Renzi will attend a ceremony on Thursday to sign an international partnership for Italian power engineering company Ansaldo Energia, according to the premier's timetable.  urn:newsml:reuters.com:*:nL6N0NT6LO  FINMECCANICA  SIFI.MI   Lawmakers in Prime Minister Matteo Renzi's party on Wednesday backed cutting by half the 12 billion euros ($16.7 billion) earmarked for Italy's order of 90 Lockheed Martin F-35 fighter jets.  urn:newsml:reuters.com:*:nL6N0NT6BH  ENI  ENI.MI , MOL  MOLB.BU  Hungarian oil and gas group MOL said it had agreed to buy Eni's Czech, Slovak and Romanian units, including 208 filling stations, in a move to build market share, particularly in the Czech retail market.  urn:newsml:reuters.com:*:nL6N0NT2SV  * GENERALI  GASI.MI , GENERALI DEUTSCHLAND  GE1G.DE  The Italian insurer said on Wednesday it had completed a squeeze-out process on shares in Generali Deutschland, which is due to be de-listed, at a price of 107.77 euros per share.  YOOX  YOOX.MI  Italian online retailer Yoox said on Wednesday it expected continued revenue and profit growth this year as it reported a 14.6 percent rise in net sales for the first quarter. urn:newsml:reuters.com:*:nL6N0NT677  AMGA The Italian regional utility holds shareholders' meeting on FY results (1200 GMT) and to approve merger with Hera  HRA.MI  (1300 GMT). ECOSUNTEK  ECKS.MI  Renewable energy sector company debuts on AIM segment. ENEL  ENEI.MI  Conference call on Q1 results (0730 GMT). GTECH  GTCH.MI  Annual general meeting and board meeting on Q1 results, followed by conference call. MEDIOBANCA  MDBI.MI  Board meeting on Q3 results, followed by conference call (1530 GMT). BANKS Bank of Italy releases April data on European Central Bank funding to Italian banks. * GEOX  GEO.MI   American sportswear company Columbia and its Italian unit have obtained from a Milan court a measure to protectively inhibit the sale of certain Geox shoes in Italy due to an alleged patent violation, Il Sole 24 Ore reported on Thursday.  * ALITALIA  CAITLA.UL  Gulf airline Etihad has reduced the number of layoffs it is asking for to clear the way for an investment in the Italian carrier to 1600-2000, Il Sole 24 Ore reported on Thursday. Etihad has sent a new letter to Alitalia's shareholders reiterating the conditions at which it would invest in the ailing carrier, Il Messaggero said in an unsourced report. Etihad wants Alitalia to be freed from all of its debts and bank creditors, led by Intesa Sanpaolo, must now decide whether they're ready to take the loss, Messaggero said.  Some of Alitalia's shareholders as well as Eithad have rejected as unsustainable a plan drafted by advisers that envisaged debts being taken on by a holding company owned by current shareholders which would have controlled 51 percent of the new Alitalia, in which Etihad would have taken a 49 percent stake, the paper added. EVENTS Prime Minister Matteo Renzi attends Italian-German economic forum (0800 GMT). Conference on "The Importance of European Economic Governance for Companies and National Institutions" with Economy Minister Pier Carlo Padoan (1400 GMT). 'Green Investor Day', round-table discussion on "Innovation and Green Technologies" with TerniEnergia  TRNI.MI  Chairman and CEO Stefano Neri, Kinexia  KINX.MI  Chairman and CEO Pietro Colucci, Biancamano  BIAN.MI  CEO Giovanni Battista Pizzimbone (0820 GMT). Annual and extraordinary shareholders meetings: ENI  ENI.MI  (0800 GMT), INTESA SANPAOLO  ISP.MI  (0830 GMT), RCS MEDIAGROUP (0830 GMT). Board meetings on Q1 results: ACEA  ACE.MI , AZIMUT AZMT.MI , BANCA GENERALI  BGN.MI  followed by conference call (1000 GMT), CALTAGIRONE EDITORE  CED.MI , CARRARO  CARRA.MI  (1330 GMT), CNH INDUSTRIAL  CNHI.MI  followed by conference call, CREDITO EMILIANO  EMBI.MI , IGD  IGD.MI , ITALCEMENTI ITAI.MI , MOLESKINE  MSK.MI , PIAGGIO  PIA.MI , POLTRONA FRAU PFGI.MI , PRYSMIAN  PRY.MI  followed by conference call, SNAI SNAI.MI , TELECOM ITALIA MEDIA  TCM.MI , TXT E-SOLUTIONS TXTS.MI , VIANINI INDUSTRIA  VINI.MI . ((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/MAY 8