Italy - Factors to watch on May 8
08/05/2017 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 .
ECONOMY
Rating agency Standard & Poor's on Friday confirmed Italy's
sovereign debt ratings at "BBB-" with a stable outlook saying it
expected Rome to continue to pursue structural reforms and keep
a stable debt-to-GDP ratio. urn:newsml:reuters.com:*:nFWN1I714I
Bank of Italy releases April data on Target 2 liabilities
and European Central Bank funding to Italian banks.
DEBT
Italy's Treasury said on Friday it would offer 6.5 billion
euros in 12-month BOT bills at auction on May 10. urn:newsml:reuters.com:*:nI6N1HZ00P
Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on May 11.
COMPANIES
TOD'S TOD.MI
The Italian luxury goods company said it may struggle to
meet market expectations for earnings this year after a bigger
than forecast 4.4 percent drop in first-quarter revenue, driven
by shrinking Italian and U.S. sales. L8N1I75V8
CFO Emilio Macellari told analysts he expected "flattish"
like-for-like sales in the full year. urn:newsml:reuters.com:*:nFWN1I70I3
VENETO BANCA VBANC.UL , BANCA POPOLARE DI VICENZA BPVS.UL
Veneto Banca and Banca Popolare di Vicenza are working to
conclude the sale of their combined 40 percent stake in asset
manager Arca in coming weeks, at the latest by June, Il Sole 24
Ore said, adding that the buyers would likely be BPER Banca and
Popolare di Sondrio, which already hold large stakes in Arca.
The paper added that the two Veneto banks are hoping to
secure the green light from the European Commission to their
state aid request before the summer.
ENEL ENEI.MI , TERNA TRN.MI
Italy's competition watchdog said on Friday it had closed a
probe into Enel for alleged market abuse on the country's
dispatching market after the Italian utility committed to forego
income from power sales to power grid operator Terna.
urn:newsml:reuters.com:*:nL8N1I72NJ
BPER BANCA EMII.MI , UNIPOL GROUP UNPI.MI , UNIPOLSAI
US.MI
Italian insurer UnipolSai Assicurazioni has almost doubled
its stake in BPER Banca and is considering a deal to combine the
small lender with Unipol Group's banking unit, La Repubblica
reported on Saturday. urn:newsml:reuters.com:*:nL8N1I8094
TELECOM ITALIA TLIT.MI , VIVENDI VIV.PA
Among the concessions offered by Vivendi to the European
Commission, which is set to rule over the French group's sway at
Telecom Italia, is the sale of some assets in its media and TV
division, Il Messaggero said on Saturday.
Vivendi had not filed its notification over its role at
Telecom Italia to the European Commission preemptively, but was
solicited to do so, Il Sole 24 Ore reported on Saturday.
The paper, citing legal sources within Vivendi, added that
the French group did not put forward its CEO as Telecom Italia's
chairman because it does not have the right to do so until it
receives EU clearance over its sway at the Italian phone group.
ATLANTIA ATL.MI , ABERTIS ABE.MC
By the end of this week, Italian motorway group Atlantia
should be able to present a binding cash and share bid for
Spanish peer Abertis that would be seen as friendly and would be
supported by Abertis' management and its main shareholder Caixa,
La Repubblica said in an unsourced report on Sunday.
ALITALIA, INTESA SANPAOLO ISP.MI , UNICREDIT CRDI.MI
Alitalia, which asked to be put under special administration
on Tuesday, had debts of around 3 billion euros ($3.3 billion)
as of the end of February, Italy's government said on Saturday.
Both Intesa Sanpaolo and UniCredit are among the airline's
shareholders and creditors. urn:newsml:reuters.com:*:nL8N1I80D6
If there is an industrial project that would give Alitalia a
real chance to return to profitability, Intesa Sanpaolo will
consider further supporting the airline, especially given the
huge number of jobs at stake, the bank's CEO Carlo Messina told
Corriere della Sera in an interview.
INTESA SANPAOLO ISP.MI
Chief Executive Carlo Messina said it was reasonable to
expect a pick-up in interest rates which would have a
significant impact on the bank's accounts, adding that any
increase of 100 basis points would boost net interest income by
1 billion euros, according to an interview with Corriere della
Sera.
CAMPARI GROUP CPRI.MI
Stock split starts.
CARRARO CARRA.MI
Capital increase starts; ends on May 26.
FIRST CAPITAL FICP.MI
Stock split starts.
BEST UNION BSTU.MI
Time for Ticket SRL starts full mandatory takeover bid on
Best Union shares (0630 GMT), ends on June 9.
CAIRO COMMUNICATION CAI.MI
Annual general meeting (0800 GMT).
BANCO DI SARDEGNA SARIn.MI
Board meeting on Q1 results.
PARMALAT PLT.MI
Board meeting on Q1 revenue results.
IPO, PIRELLI
Bookrunners for the tyremaker's pending initial public
offering are likely to include BNP Paribas, Bank of America
Merrill Lynch, Goldman Sachs, Mediobanca, UniCredit and HSBC, MF
said on Saturday. The company may seek a free float of at least
30 percent through the IPO, the paper added.
Trade ex-dividend: ASCOPIAVE ASCI.MI of 0.18 euro per
share; BANCA PROFILO PRO.MI of 0.001 euro per share; BEGHELLI
BE.MI of 0.020 euro per share; BIESSE BSS.MI of 0.36 euro
per share; BOERO BARTOLOMEO BOEI.MI of 0.13 euro per share;
CAD IT CAD.MI of 0.20 euro per share; CEMBRE CEMB.MI of 0.70
euro per share; DATALOGIC DAL.MI of 0.30 euro per share;
ESPRINET PRT.MI of 0.135 euro per share; GPI GPI.MI of 0.30
euro per share; GRUPPO MUTUIONLINE MOL.MI of 0.23 euro per
share; INIZIATIVE BRESCIANE IB.MI of 0.60 euro per share;
ITALIAONLINE IOL.MI of 90.962 euros per saving share as
preferred dividend and of 0.692 euro per ordinary and saving
share as special dividend; ITALMOBILIARE ITMI.MI of 1.00 euro
per share; LEONE FILM GROUP LFG.MI of 0.09 euro per share;
LUCISANO MEDIA GROUP LCMG.MI of 0.05 euro per share; PITECO
PITE.MI of 0.15 euro per share; RENO DE MEDICI RDM.MI of
0.00265 euro per ordinary share and of 0.0245 euro per saving
share, this last as preferred dividend; REPLY REY.MI of 1.15
euro per share; TBS GROUP TBS.MI of 0.012 euro per share;
TOSCANA AEROPORTI TYA.MI of 0.498 euro per share; VALSOIA
VALS.MI of 0.33 euro per share; VITTORIA ASSICURAZIONI
VITI.MI of 0.21 euro per share; ZIGNAGO VETRO ZV.MI of 0.252
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/MAY 8