Italy - Factors to watch on March 19

Gambero Rosso SpA

19/03/2018 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 5-Star Movement, which emerged as Italy's biggest party
at this month's election, is preparing an economic plan which
will not raise the fiscal deficit forecasts of the outgoing
centre-left government, a 5-Star party source told Reuters.
 urn:newsml:reuters.com:*:nL8N1QY5KI
    
    ECONOMY
    ISTAT releases January industrial output data (0900 GMT) and
January foreign trade data (1000 GMT).
    
    COMPANIES
    FTSE share indexes revision effective as of Monday
    
    ASSICURAZIONI GENERALI  GASI.MI 
    Italy's Edizione Holding, the investment vehicle of the
Benetton family, is considering raising its stake in Generali,
Italy's biggest insurer, to 5 percent, Il Sole 24 Ore newspaper
said on Saturday. Edizione already has doubled its stake to 2
percent, the newspaper said. Sources told Reuters in January
Edizione would raise its Generali stake to 2
percent. urn:newsml:reuters.com:*:nL8N1QY5KI 
    
    TELECOM ITALIA  TLIT.MI 
    Italy's competition authority said on Friday it had fined
the phone group 4.8 million euros because Telecom Italia had
failed to make clear, in offering fibre-optic Internet services,
that customers would have to pay an extra amount to benefit from
the maximum speed advertised.
    Telecom Italia (TIM) said on Friday it would appeal against
the regulator's decision because it believed it was unfounded
and harmed the group's image and interests.
    Joao Cox is the new chairman of TIM Participações, a filing
showed on Friday.  urn:newsml:reuters.com:*:nE6N1QC000
    TIM will hold a board meeting on Thursday, Il Sole 24 Ore
newspaper said on Sunday. In an emailed statement, TIM said that
no current or future chief executive officer would have
operational powers over its submarine network unit, Sparkle.
Italy has said Sparkle is of strategic national importance, so
it must be run by an Italian citizen with special security
clearance. urn:newsml:reuters.com:*:nL8N1MR4SW Il Sole said on Sunday that a formal
process had begun to impose sanctions against TIM for not having
yet selected Sparkle's management. TIM denied this in a
statement.
    
    YOOX NET A PORTER  YNAP.MI  
    The online fashion retailer on Friday said its board had
deemed fair the price of 38 euros a share being offered by Swiss
luxury goods group Richemont in a buyout bid and had decided to
tender its treasury shares.  urn:newsml:reuters.com:*:nFWN1QY10N
            
    CLASS EDITORI  CLED.MI , GAMBERO ROSSO  GAMB.MI 
    The publishing group said on Friday it would offer holding
company PIM newly-issued shares in exchange for PIM's 67.5
percent stake in restaurant guidebook publisher Gambero Rosso
 GAMB.MI . Class will then offer to swap all remaining Gambero
Rosso shares with more of its own stock at the same conditions.
The deal will hand PIM a 28 percent stake in Class. 
    
    ATLANTIA  ATL.MI 
    Ratings agency Moody's on Friday affirmed Atlantia's ratings
with a negative outlook following the revised terms for the
possible acquisition of Spanish rival Abertis.  urn:newsml:reuters.com:*:nMDY30TSfg
    
    PRELIOS  PCRE.MI 
    Takeover vehicle Lavaredo said on Friday it owned 90.437
percent of the Italian servicing group following a buyout offer
aimed at delisting Prelios' shares.
        
    ANIMA  ANIM.MI 
    Trades ex-dividend of 0.19 euro per ordinary share.
    
    BASIC NET  BCNT.MI 
    Board meeting on FY results, followed by video conference
call (1630 GMT).
    
    BF  BFG.MI 
    Board meeting on FY results.
    
    CALEFFI  CLFF.MI 
    Board meeting on FY results, followed by conference call.
    
    FOPE  FOPE.MI 
    Board meeting on FY results.
    
    INTEK GROUP  IKG.MI 
    Board meeting on FY results.
    
    ORSERO  ORSO.MI 
    Board meeting on FY results.
    
    STEFANEL  STEP.MI 
    Board meeting on FY results.
    
    ((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/