Italy - Factors to watch on May 12

H-Farm SpA

12/05/2016 07:55

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 (*). 
     
    For a complete list of diary events in Italy please click on 
 IT/DIA . 
     
    POLITICS 
    Italy's parliament approved same-sex civil unions and gave 
some rights to unmarried heterosexual couples on Wednesday after 
Prime Minister Matteo Renzi called a confidence vote to force 
the bill into law.  urn:newsml:reuters.com:*:nL5N1886II 
     
    Italian finance minister Pier Carlo Padoan said on Wednesday 
that a British exit from the European Union could lead to other 
countries breaking away from the bloc.  urn:newsml:reuters.com:*:nU8N16O043 
     
    ECONOMY 
    Deadline for non-binding offers to buy the four salvaged 
banks Banca Marche, Banca Etruria, CariChieti and CariFe. 
     
    DEBT 
    Treasury sells 1.75-2.25 billion euros 0.10 percent BTP 
bonds due April 15, 2019; 2.25-2.75 billion euros 0.95 percent 
BTP bonds due March 15, 2023; 1.0-1.5 billion euros 1.65 percent 
BTP bonds due March 1, 2032; 0.5-1.0 billion euros 3.50 percent 
BTP bonds due March 1, 2030. Subscriptions close at 0900 GMT. 
     
    COMPANIES 
    ASSICURAZIONI GENERALI  GASI.MI  
(*)  Italy's biggest insurer said on Thursday its operating 
profit in the first three months fell 12.3 percent due to fewer 
capital gains and low interest rates.  urn:newsml:reuters.com:*:nI6N18202I  
    A Board on Wednesday said the position of Italy Country 
manager would be maintained by Chief Executive Philippe Donnet 
and Marco Sesana would be appointed as Chief Executive Officer 
and General Manager of Generali Italia.  
     
(*) BANCA POPOLARE DI MILANO  PMII.MI , BANCO POPOLARE  BAPO.MI  
    The share swap ratio set for a planned merger between 
Italian banks Banca Popolare di Milano  PMII.MI  and Banco 
Popolare  BAPO.MI  will not change, the chief executive of 
Popolare Milano, Giuseppe Castagna, told a newspaper on 
Thursday.  urn:newsml:reuters.com:*:nI6N18202Lr   
    The two banks now expect synergies deriving from the merger 
worth 410 million euros, up from a previous estimate of 365 
million euros, Il Messaggero reported.  
     
    TOD'S  TOD.MI  
    Italian luxury goods group Tod's warned it would be 
challenging to meet expectations of a 4 percent revenue increase 
this year, as first quarter sales fell due to weaker demand in 
China and shrinking tourist spending.  urn:newsml:reuters.com:*:nL5N1886II  
     
(*) SNAM  SRG.MI  
    The gas transmission group said on Thursday Q1 EBITDA fell 
10.3 percent to 643 million euros after cut in returns decided 
in new regulatory period.  urn:newsml:reuters.com:*:nI6N18202M   
     
(*) ENI  ENI.MI , ENEL  ENEI.MI  
    The oil and gas group does not intend to compete with 
utility Enel on renewable energy sector, CEO Claudio Descalzi 
told Il Corriere della Sera. The group will invest 250 million 
euros in renewable energy sector in Italy, he said. 
    Eni holds annual general meeting (0800 GMT); followed by 
press conference with President Emma Marcegaglia and CEO.      
 
(*) MEDIASET  MS.MI  
    Jeremy Darroch, head of Sky Europe, told Italian daily Il 
Sole 24 Ore that the broadcaster was not afraid of 
Vivendi-Mediaset competition.          
     
(*) TELECOM ITALIA  TLIT.MI           
    TIM Participaçoes SA  TIMP3.SA , Brazil's second-largest 
wireless phone company, is replacing its chief executive, 
seeking new leadership to spearhead a turnaround after reporting 
a 60 percent drop in first-quarter net income.  urn:newsml:reuters.com:*:nL2N17W1Q8 
     
    ENEL  ENEI.MI , TELECOM ITALIA  TLIT.MI  
    Italian utility Enel is expected to present a sweetened 
offer for a stake in fibre network firm Metroweb that is seen 
giving it an edge over a rival bid from Telecom.  urn:newsml:reuters.com:*:nL5N18848M 
     
    BRUNELLO CUCINELLI  BCU.MI  
    The Italian luxury group said on Wednesday it expects to 
reach double digit growth in sales and profits this year as it 
reported 9 per cent rise in first quarter sales.  urn:newsml:reuters.com:*:nL5N1885DN 
      
    RCS  MEDIAGROUP  RCSM.MI  
    The Italian publisher said it narrowed its loss to 22 
million euros in the first quarter, down from a loss of 35.2 
million euros the previous year. It said it had agreed over a 
plan to renegotiate its debt, which it expects would be approved 
by all the creditor banks.  urn:newsml:reuters.com:*:nL5N1884YS 
     
    TECHNOGYM  TGYM.MI  
    Italian fitness equipment maker reported an 11 percent 
organic growth in revenues, up to 115.6 million euros in the 
first quarter of the year. 
     
    BANCA GENERALI  BGN.MI  
    The lender's first quarter profit fell 68 percent to 29.4 
million euros from 93.1 million euros a year ago.  urn:newsml:reuters.com:*:nFWN18810B 
     
    CAMPARI GROUP  CPRI.MI  
    Chairman Luca Garavoglia attends a conference on industrial 
policy (1600 GMT). 
     
    MEDIOBANCA  MDBI.MI  
    CEO Alberto Nagel delivers opening address at a conference 
(0900 GMT). 
     
    A2A  A2.MI  
    Board meeting on Q1 results. 
     
    ACEA  ACE.MI  
    Board meeting on Q1 results. 
     
    ARNOLDO MONDADORI EDITORE  MOED.MI  
    Board meeting on Q1 results, followed by conference call. 
     
    AUTOGRILL  AGL.MI  
    Board meeting on Q1 results, followed by conference call 
(1630 GMT). 
     
    BANCA POPOLARE DELL'EMILIA ROMAGNA  EMII.MI  
    Board meeting on Q1 results, followed by conference call 
(1600 GMT). 
     
    CREDITO EMILIANO  EMBI.MI  
    Board meeting on Q1 results. 
     
    CAIRO COMMUNICATION  CAI.MI  
    Extraordinary shareholders' meeting (0800 GMT). 
     
    ERG  ERG.MI  
    Board meeting on Q1 results (press release on May 13). 
     
    FINCANTIERI  FCT.MI  
    Conference call on Q1 results (0700 GMT). 
    Its unit Vard Holdings announced a contract for design and 
construction of 15 module carrier vessels for Topaz Energy and 
Marin  urn:newsml:reuters.com:*:nFWN18815V 
     
    GEOX  GEO.MI  
    Releases and holds conference call on revenues (1530 GMT). 
     
    H-FARM  HFARM.MI  
    "Investor Day" (1300 GMT). 
     
    IREN  IREE.MI  
    Board meeting on Q1 results. 
     
    PININFARINA  PNNI.MI  
    Board meeting on Q1 results and annual general meeting (0930 
GMT). 
     
    SNAM  SRG.MI  
    Releases Q1 results (0530 GMT), followed by conference call 
(1300 GMT). 
     
    SALVATORE FERRAGAMO  SFER.MI  
    Board meeting on Q1 results, followed by conference call 
(1600 GMT). 
     
    UBI BANCA  UBI.MI  
    Board meeting on Q1 results, followed by conference call 
(1330 GMT). 
     
    UNIPOL  UNPI.MI  and UNIPOLSAI  US.MI  
    Board meetings on Q1 results. 
     
    YOOX NET-A-PORTER  YNAP.MI  
    Board meeting on Q1 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/  
 
 (Reporting By Viviana Venturi) 
 ((viviana.venturi@thomsonreuters.com;)) 
 
Keywords: ITALY FACTORS/MAY 12