*** Italy - Factors to watch on Oct. 29
29/10/2018 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
Economy Minister Giovanni Tria says current spread between
10-yr Italian/German bonds is damaging and defends ECB President
Mario Draghi from criticism. He also says: "Our banks are still
solid. They can pass the capitalisation tests, at least almost
all of them can. There are no dangers for now." urn:newsml:reuters.com:*:nL8N1X70Q3
In an unsourced report, La Stampa newspaper says on Sunday
the government is working on a Plan B for the budget in case the
spread balloons further. This would include making the planned
pension reform less generous.
Italy's Deputy Prime Minister Matteo Salvini said in a
statement on Sunday: "No bank will be in difficulty."
...
ECONOMY
Standard & Poor's on Friday left Italy's sovereign debt
rating unchanged but lowered its outlook to negative from
stable, saying the government's policy plans were weighing on
the country's growth and debt prospects. urn:newsml:reuters.com:*:nL8N1X67LT
A senior Bundesbank official has suggested Italy introduce
'national solidarity bonds' which wealthy Italians would be
required to buy to dig their government out of debt.
urn:newsml:reuters.com:*:nL8N1X70JP
...
DEBT
Treasury sells 6.0 billion euros 6-month BOT bills.
Subscriptions close at 1000 GMT.
COMPANIES
MEDIOBANCA MDBI.MI
Mediobanca CEO Alberto Nagel tells annual general meeting
that his bank has not received any offers from Edizione,
Unicredit or any other fellow shareholders to buy the 3-pct
Generali stake it is looking to sell. L8N1X70D0
Funds now hold 35 percent of the Mediobanca's capital.
Company presents financial educazione programme "Grow What a
Business!" with Manging Director Francesco Saverio Vinci (1030
GMT, Monday).
TELECOM ITALIA TLIT.MI
Telecom Italia, eager to sell non-core assets, has
"re-activated" efforts to valuate its submarine network business
Sparkle, asking Rothschild to complete the analysis. ISquared is
in pole position to do the same for its Persidera unit, Il Sole
24 Ore reported on Saturday.
MEDIASET MS.MI
The trust that holds part of Vivendi's stake in Mediaset has
launched a legal challenge linked to the Italian broadcaster's
decision to prevent it from voting at a June 27, 2018
shareholder meeting, Mediaset said on Friday.
The trust is now asking that two of the decisions taken at
the AGM - one related to the establishment of an incentive and
retention plan, and another to stock options - be annulled and
that Simon Fiduciaria be given the right to fully exercise its
voting rights. urn:newsml:reuters.com:*:nL8N1X672E
LEONARDO LDOF.MI
Italy's Leonardo said on Friday it had signed a framework
agreement with China's Kangde Investment Group to join the
project of a new wide-body jet, a move aimed at increasing the
presence of the state-controlled defence company in
Asia. urn:newsml:reuters.com:*:nL8N1X66R7
SNAM SRG.MI
Prime Minister Giuseppe Conte on Friday gave Italy's final
approval to the Trans Adriatic Pipeline (TAP), a gas transport
project which had been strongly contested by the 5-Star
Movement, one of the two parties in the ruling
coalition. urn:newsml:reuters.com:*:nL8N1X6706
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Italian Deputy Prime Minister Matteo Salvini said on Friday
he had no objection to the possibility of a merger for
state-controlled bank Monte dei Paschi di Siena, and added that
no Italian bank will collapse. urn:newsml:reuters.com:*:nR1N1W500D
RAI WAY RWAY.MI
Artemis Investment Management has increased its stake in Rai
Way to 10.024 percent from 5.04 percent previously as of Sept.
12, a filing by market regulator Consob showed.
LUXOTTICA LUX.MI
Essilorluxottica ESLX.PA starts mandatory exchange offer
on all ordinary shares of Luxottica, ends on Nov. 28; news
conference presentation at 1300 GMT.
ENI ENI.MI
Italian oil major Eni flagged on Friday the likelihood of a
share buyback next year after cash flow in the third quarter
jumped and profits rose six-fold to beat
expectations. urn:newsml:reuters.com:*:nL8N1X61CB
POPOLARI BANKS
Italy's top administrative court on Friday extended the
freeze on a landmark reform of large mutual banks, pending a
ruling by the European Court of Justice (ECJ). urn:newsml:reuters.com:*:nL8N1X65VP
RAMPONI STONES AND STRASS
Chairman and CEO Alfredo Ramponi presents listing project
due by the end of this year (1000 GMT).
GIGLIO GROUP GGTV.MI
Ordinary and extraordinary shareholders' meeting (0930 GMT).
Board meetings on Q3 results: CERVED GROUP CERV.MI
followed by conference call (1700 GMT), CIR CIRX.MI (0900
GMT), COFIDE COFI.MI (1400 GMT), FIERA MILANO FIMI.MI
followed by conference call (1530 GMT), SARAS SRS.MI followed
by conference call (1430 GMT).
Extraordinary shareholders' meetings: POLIGRAFICI PRINTING
POPR.MI (0930 GMT), SAFILO GROUP SFLG.MI (1000 GMT).
M&A, ALITALIA
Delta Air Lines Inc DAL.N Chief Executive Edward Bastian
declined to comment on Friday on reports that the No. 2 U.S.
carrier is interested in acquiring a stake in Italy's Alitalia,
which was put under special administration last
year. urn:newsml:reuters.com:*:nL2N1X60ZX
((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/