Italy - Factors to watch on May 7
07/05/2018 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
The leaders of the centre-right alliance are due to meet in
the morning before a third and possibly final round of formal
consultations with President Sergio Mattarella aimed at ending a
political deadlock that has dragged on for more than two months.
The League party has yet to respond to a last-ditch offer
made on Sunday by the anti-establishment 5-Star Movement leader,
Luigi Di Maio.
In a bid to convince the League to form a coalition
government with 5-Star, Di Maio dropped his demand that he be
made prime minister. But Di Maio continued to insist that
Salvini abandon his centre-right ally, former prime minister
Silvio Berlusconi.
ECONOMY
ISTAT releases monthly bulletin on the state of the economy
in April (0800 GMT).
DEBT
Treasury announces sale of 12-month BOT bills, with relative
amounts to be auctioned on May 10.
COMPANIES
TELECOM ITALIA TLIT.MI
U.S. hedge fund Elliott pulled off a boardroom coup at
Telecom Italia on Friday, wresting control away from French
media group Vivendi VIV.PA as the fund embarks on a campaign
to shake up slumbering companies across Europe. urn:newsml:reuters.com:*:nL8N1SB2JE
Fulvio Conti, who has been appointed board member with the
support of Elliott, is the front runner to become Telecom Italia
chairman.
TIM's new board will meet Monday, Il Sole 24 Ore said on
Sunday. The same newspaper said over the weekend that Italy's
caretaker government will go ahead with a fine against the
company for not having been informed of Vivendi's move to
acquire an asset considered of strategic interest to the state.
MONTE DEI PASCHI DI SIENA BMPS.MI
The bank said on Friday the sale of its NPL recovery
platform "Juliet" would be completed by the end of this month.
urn:newsml:reuters.com:*:nI6N1RO02A
ENEL ENEI.MI , A2A A2.MI , ERG ERG.MI
Solar power producer Sonnedix and a consortium of Italian
utility Enel and infrastructure fund F2i are among at least six
bidders that have submitted tentative offers for one of Italy's
largest collection of solar assets, sources said. Italian energy
companies ERG and A2A have also presented preliminary offers for
the asset put in sale by Terra Firma, the sources said on
Friday. urn:newsml:reuters.com:*:nL8N1SB34Z
INTESA SANPAOLO ISP.MI
Sweden's Intrum Justitia's INTRUM.ST bid for Intesa's debt
collection is likely to receive regulatory approval and begin
officail operations in November, Il Sole 24 Ore said on
Saturday.
POSTE ITALIANE PST.MI
Fitch Ratings has affirmed Poste Italiane's long-term issuer
default rating (IDR) at 'BBB' and its short-term IDR at 'F2'.
The Outlook is stable. urn:newsml:reuters.com:*:nFit5qHkDH
SAIPEM SPMI.MI
Moody's has affirmed Saipem's Ba1 rating with stable
outlook. urn:newsml:reuters.com:*:nMDYbJWtyv
EDISON EDNn.MI
The group said it swung to a profit of 42 million euros in
Q1 from a 19 million euros loss a year ago. urn:newsml:reuters.com:*:nFWN1SB155
BOMI ITALIA BOMI.MI
Starts capital increase, ends on May 24.
NOVA RE NR.MI
Reverse stock split on ordinary shares.
ROSSS ROSS.MI
Annual general meeting (0630 GMT).
SORGENIA
News conference to present FY results and new advertising
campaign with CEO Gianfilippo Mancini (0830 GMT).
Board meetings on Q1 results: BANCO DI SARDEGNA SARIn.MI ,
BPER BANCA EMII.MI followed by conference call (1600 GMT),
CERVED INFORMATION SOLUTIONS CERV.MI followed by conference
call (1600 GMT), ELICA ELC.MI followed by conference call
(1300 GMT), FINCANTIERI FCT.MI , ITALGAS IG.MI (press release
on May 8), KI GROUP KI.MI , PRIMA INDUSTRIE PRII.MI ,
RISANAMENTO RN.MI , SALVATORE FERRAGAMO SFER.MI followed by
conference call (1600 GMT), VALSOIA VALS.MI .
Trade ex-dividend: AEROPORTO DI BOLOGNA ADB.MI of 0.392
euro per share; AQUAFIL ECNL.MI of 0.24 euro per ordinary and
'B class' shares; ASCOPIAVE ASCI.MI of 0.18 euro per share;
BANCA SISTEMA BSTA.MI of 0.086 euro per ordinary share; BENI
STABILI BNSI.MI of 0.033 euro per share; BIESSE BSS.MI of
0.48 euro per share; CEMBRE CEMB.MI of 0.80 euro per share;
EQUITA GROUP EQUI.MI of 0.22 euro per share; GAMENET GROUP
GAME.MI of 0.60 euro per share; GEFRAN GFRN.MI of 0.35 euro
per share; GPI GPI.MI of 0.30 euro per share; HEALTH ITALIA
HIA.MI of 0.082 euro per share; INIZIATIVE BRESCIANE IB.MI
of 0.60 euro per share; ITALIAONLINE IOL.MI of 30.00 euro per
saving share as preferred dividend; ITALMOBILIARE ITMI.MI of
0.55 euro per share; LU-VE LUVE.MI of 0.22 euro per share;
MITTEL MTTI.MI free assignment of one ordinary share every 13
ordinary shares owned as extraordinary dividend; NOTORIOUS
PICTURES NPI.MI of 0.0543 euro per share; ORSERO ORSO.MI of
0.12 euro per share; PHARMANUTRA PHNU.MI of 0.33 euro per
share; REPLY REY.MI of 0.35 euro per share; RETELIT LIT.MI
of 0.020 euro per share; SIT SITT.MI of 0.25 euro per share;
TXT E-Solutions TXTS.MI of 1.00 euro per share; VALSOIA
VALS.MI of 0.33 euro per share; VITTORIA ASSICURAZIONI
VITI.MI of 0.28 euro per share, WIIT WIIT.MI of 0.83 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/