Italy - Factors to watch on Dec. 18
18/12/2017 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 .
POLITICS
Italy's ruling Democratic Party has lost further ground over
its rivals after political infighting and fallout from a banking
scandal, an opinion poll showed on Sunday. urn:newsml:reuters.com:*:nL8N1OH08P
The leader of Italy's main opposition party said he was
keeping the option of a referendum on the euro open in the event
his party won elections and failed to convince Brussels of the
need to change some of the euro zone's economic rules.
urn:newsml:reuters.com:*:nL8N1OH0RQ
DEBT
Italy's Treasury said on Friday it would offer to repurchase
five bonds at auction on Dec. 19. urn:newsml:reuters.com:*:nI6N1O700B
ISTAT releases October foreign trade data (0900 GMT).
Economy Minister Pier Carlo Padoan speaks before
parliamentary Bank Committee.
COMPANIES
Bourse After Hours market closed.
Italian Bourse and FTSE Russell launch "FTSE Italian Brands
Index" (0730 GMT).
LUXOTTICA LUX.MI
Italy's Luxottica has parted ways with its fourth chief
executive in three years as Chairman Leonardo Del Vecchio
prepares the eyewear group he founded for a planned merger with
France's Essilor ESSI.PA . urn:newsml:reuters.com:*:nL8N1OF5L4
Del Vecchio told Corriere della Sera on Saturday he wanted
EssilorLuxottica to be listed in Milan in addition to Paris and
would try to make it happen.
Del Vecchio said he would stay on at EssilorLuxottica until
he had accomplished all that he had in mind and that his close
aide Francesco Milleri would replace him at the merged group if
anything happened to him.
ENI ENI.MI
The Egyptian petroleum ministry said on Saturday that the
mammoth Zohr field had begun an initial production of 350
million cubic feet per day. Output from Zohr will raise Egypt's
natural gas production to 5.5 billion cubic feet per day from
5.1 billion daily. urn:newsml:reuters.com:*:nL8N1OH03E
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Extraordinary and ordinary shareholders' meetings (0830
GMT).
The lender said on Friday that Chairman Alessandro Falciai
would be unavailable to be reappointed for personal reasons.
urn:newsml:reuters.com:*:nI6N1O700G
Current deputy chairman Antonino Turicchi, a top manager at
the Treasury that owns 68 percent of the bank, could be named as
the new chairman, Corriere della Sera said on Sunday.
TELECOM ITALIA TLIT.MI
A joint-venture Telecom Italia has agreed to set up with
Vivendi's VIV.PA Canal + is expected to reach break even in
four years' time and until it gets to 5 million clients the
phone group must guarantee it a minimum level of revenues which
total 95 million euros in 2020, Il Sole 24 Ore reported on
Saturday.
UNICREDIT CRDI.MI
Shareholder Leonardo Del Vecchio told Corriere della Sera on
Saturday that the bank was on the right track but should seek a
merger with another lender.
Credit rating agency Fitch on Friday affirmed Unicredit at
'BBB', with stable outlook. urn:newsml:reuters.com:*:nFit8sJPgT
FIAT CHRYSLER AUTOMOBILES FCHA.MI
China's TUS International 0872.HK is interested in the car
group's Comau and Magneti Marelli units, Il Giornale reported on
Saturday citing industry rumours.
MEDIASET MS.MI
An accord with France's Vivendi VIV.PA to overcome a legal
spat over a failed pay-TV deal will be finalised only after the
Christmas holidays, Il Sole 24 Ore reported on Saturday.
AUTOGRILL AGL.MI
The group said on Friday it had implemented the corporate
reorganisation project approved by the board on 9 November 2017.
urn:newsml:reuters.com:*:nNDLbcbdP5
BANCA CARIGE CRGI.MI
The lender reached an agreement with unions on layoffs on
Saturday, Il Corriere della Sera said on Sunday. Out of a total
of 645 units, 490 will be by early retirement by end 2019.
INTESA SANPAOLO ISP.MI
Credit rating agency Fitch on Friday affirmed Intesa
Sanpaolo at 'BBB', with stable outlook. urn:newsml:reuters.com:*:nFit3rN0w3
MONCLER MONC.MI
The luxury outerwear maker said on Friday it had signed a
preliminary agreement with the Italian tax authorities to
benefit from Patent Box. It added that the benefits for the
three-year period in 2015-2017 would be around 34 million euros.
urn:newsml:reuters.com:*:nI6N1O700D
PIRELLI & C PIRC.MI
Enters FTSE MIB Index and Banca Mediolanum BMED.MI exits.
ANSALDO STS STS.MI
The rail-signalling group lowered on Friday its 2017
guidance after a delay in the finalisation of some contracts.
urn:newsml:reuters.com:*:nI6N1O700C
IMMOBILIARE GRANDE DISTRIBUZIONE (IGD) IGD.MI
The group said on Friday it had signed an agreement to buy a
portfolio of four shopping galleries and a retail park for
around 200 million euros. urn:newsml:reuters.com:*:nFWN1OF0UW
STMICROELECTRONICS STM.MI
Trades ex-dividend of 0.06 US dollars per ordinary share as
quarterly dividend.
DADA DA.MI
Dali Italy Bidco SpA full mandatory takeover bid on Dada
shares starts, ends on Jan. 24, 2018.
INTEK GROUP IKG.MI
Ordinary shareholders' meeting (1400 GMT).
SOCCER
European soccer's governing body UEFA has rejected a request
by AC Milan to waive the Financial Fair Play (FFP) rules, citing
uncertainties in the Italian soccer club's financial situation,
it said on Friday. urn:newsml:reuters.com:*:nI6N1O700F
((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/DEC. 18