Italy - Factors to watch on Oct. 31

IIG SpA in Liquidazione

31/10/2016 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 
    A powerful earthquake struck Italy on Sunday in the same 
central regions that have been rocked by repeated tremors over 
the past two months, with more homes and churches brought down 
but no deaths reported. urn:newsml:reuters.com:*:nL4N1D004F 
    Prime Minister Matteo Renzi told thousands of party 
supporters gathered in central Rome on Saturday to step up their 
campaign in favour of a referendum on constitutional reform that 
could decide his political future. urn:newsml:reuters.com:*:nL8N1CZ0GR 
     
    ECONOMY 
    ISTAT releases October flash CPI and HICP data (1000 GMT); 
September producer prices data (1100 GMT). 
     
    COMPANIES 
    Bourse After Hours market closed. 
     
    UBI  UBI.MI  
    The European Central Bank is set to grant Italian bank UBI a 
green light next week to buy three of four small banks Italy 
rescued from bankruptcy a year ago, newspaper la Repubblica 
reported on Saturday quoting a financial source working on the 
deal. urn:newsml:reuters.com:*:nL8N1CZ07D 
     
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI   
    After meeting investors in London, CEO Marco Morelli is due 
to fly to Doha, Qatar, to present Monte dei Paschi's plan to 
Qatar Investment Authority (Qia), Corriere della Sera and La 
Stampa said on Sunday. The papers added Qia was among funds 
potentially willing to become an anchor investor in the bank.   
     
    CREDITO VALTELLINESE  PCVI.MI , BANCA POPOLARE DI SONDRIO  
 BPSI.MI  
    The shareholders of Credito Valtellinese (Creval) have 
approved the transformation of the regional cooperative bank 
into a joint stock company, Creval said on Saturday. urn:newsml:reuters.com:*:nL8N1CZ0FC 
    In his comments to shareholders, Creval Chairman Miro Fiordi 
reiterated his invitation to Popolare di Sondrio to sit down and 
explore the pros and cons of a possible tie-up, Il Sole 24 Ore 
said on Sunday.  
     
    BANCA POPOLARE DI VICENZA, VENETO BANCA 
    The Italian bank bailout fund that owns Banca Popolare di 
Vicenza and Veneto Banca has told the two ailing lenders to 
examine a possible tie-up and present a plan by year end to 
ensure their survival, it said on Friday. urn:newsml:reuters.com:*:nL8N1CY72Z 
     
    BANCA MEDIOLANUM  BMED.MI  
    Italy's Fininvest said on Friday it will challenge in court 
a decision by the European Central Bank that could force it to 
reduce its 30 percent stake in asset gatherer Banca 
Mediolanum. urn:newsml:reuters.com:*:nI6N1CU00M 
     
    INTESA SANPAOLO  ISP.MI , CREDITO EMILIANO  EMBI.MI , 
MEDIOBANCA  MDBI.MI , BANCA NAZIONALE DEL LAVORO 
    Fitch Ratings has revised the outlooks of the four banks to 
'negative' from 'stable' following the revision of Italy's 
outlook to negative. urn:newsml:reuters.com:*:nFit978425 
     
    POSTE ITALIANE  PST.MI  
    Fitch ratings has revised the outlook of nine Italian public 
sector entities, including Poste Italiane, to 'negative' from 
'stable' following the agency's rating action on the Italian 
sovereign. urn:newsml:reuters.com:*:nFit977897 
  
     
    ANSALDO STS  STS.MI  
    Conference call on Q3 results (1000 GMT). 
    The company reported a 9-month net profit of 45.8 million 
euros versus 59.5 million euros a year ago. urn:newsml:reuters.com:*:nFWN1CY1AN 
    The company said on Friday it had appointed Alberto de 
Benedictis deputy chairman of its board of directors, while 
Roberto Carassai resigned from his position as CFO. 
     
    CNH INDUSTRIAL  CNHI.MI  
    Board meeting on Q3 results, followed by conference call 
(1300 GMT). 
     
    ALERION CLEAN POWER  ARN.MI   
    FRI-EL Green Power said in a statement its fully-owned 
subsidiary FGPA had raised its bid for a stake in Alerion Clean 
Power to 2.60 euros per share from 1.90 euros per 
share. urn:newsml:reuters.com:*:nI6N1CU00N   
    The company also said FGPA had bought 11 million shares in 
Alerion, equal to a 25.37 percent stake, outside the market at a 
price of 2.60 euros a share. This transaction does not fall 
under the public offer launched on Alerion.  
     
    ITALIA INDEPENDENT GROUP  IINT.MI  
    Starts capital increase; ends on Nov. 11. 
     
    RISANAMENTO  RN.MI  
    The company said its third-quarter net loss narrowed to 1.8 
million euros ($1.97 million) from a loss of 8.6 million euros a 
year ago. urn:newsml:reuters.com:*:nFWN1CY1ER 
     
    COFIDE  COFI.MI  
    The company reported a 9-month net profit of 24.2 million 
euros versus 19.2 million euros a year ago. urn:newsml:reuters.com:*:nFWN1CY1E0 
     
    BIESSE  BSS.MI  
    The company said Roberto Selci had submitted his resignation 
as chairman effective Jan. 1. urn:newsml:reuters.com:*:nFWN1CY1F6 
     
    AS ROMA  ASR.MI  
    The company said it had appointed Umberto Gandini as a 
CEO. urn:newsml:reuters.com:*:nFWN1CY1EO 
     
    CARRARO  CARRA.MI  
    The company reported a third-quarter net profit of 2.1 
million euros versus a loss of 4.7 million euros a year 
ago. urn:newsml:reuters.com:*:nFWN1CY1B3 
     
    ((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/OCT. 31