Italy - Factors to watch on March 26
26/03/2018 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 .
ECONOMY
ISTAT releases February non-EU foreign trade data (0800
GMT).
Assogestioni expected to release February fund flows data.
AIFI-Italian Institutional investors in risk capital
association holds annual conference to present Italian market
annual results of private equity, venture capital and private
debt with President Innocenzo Cipolletta, AIPB-private banking
association President Fabio Innocenzi, Intesa Sanpaolo ISP.MI
Chairman Gian Maria Gros-Pietro; followed by round-table
discussion with Nexi CEO Paolo Bertoluzzo, Poste Italiane
PST.MI CEO Matteo Del Fante, Avio AVI.MI CEO Giulio Ranzo,
Bank of Italy Director General Salvatore Rossi in Milan (0830
GMT).
DEBT
Treasury sells CTZ and BTPei bonds. Subscriptions close at
0900 GMT.
The Treasury said on Friday it would offer up to 7.5 billion
euros ($9.27 billion) of three different bonds at an auction on
March 28. urn:newsml:reuters.com:*:nI6N1QR01E
COMPANIES
TELECOM ITALIA TLIT.MI
Statutory auditors and independent directors at Telecom
Italia are mulling a complaint to market watchdog Consob over
Vivendi's move to trigger the resignations of eight directors,
Il Corriere della Sera and il Giornale reported on Saturday. If
the regulator rules that Vivendi is controlling the majority of
Telecom Italia's board, the French group could be forced to
launch a tender offer on the company, Il Giornale and Il
Messaggero said.
Elliott is considering filing a complaint with the
government or Consob against Vivendi's move, Corriere and Il
Messaggero said on Saturday.
There is a chance that Telecom Italia's statutory auditors
ask shareholders to vote to appoint the six new directors
proposed by Elliott at a meeting scheduled for April 24,
preventing the renewal of the whole board, Il Sole 24 Ore
reported on Saturday.
A stop by the antitrust to a recent increase in telecom
bills, could have a 70 million euro negative impact on the
group's core profit, Il Messaggero said citing analysts.
ITALIAN BANKS
The stock of net soured loans at Italian banks fell to
around 140 billion euros at the end of last year from a peak of
200 billion euros in 2015, Bank of Italy Head of banking
oversight Carmelo Barbagallo said on Saturday at a business
conference. Barbagallo urged lenders to shed soured loans to
take advantage of the current favourable economic phase and also
said they needed to invest in technology to remain competitive.
Profitability of the Italian banking system has improved in 2017
but is still lower than the average in Europe, he said.
POP SONDRIO BPSI.MI , UBI UBI.MI , MONTE PASCHI BMPS.MI
The regional lender could attract the interest of Banco BPM
BAMI.MI , Il Messaggero said on Sunday, adding also Creval
PCVI.MI , Cariparma, UBI Banca and BPER EMII.MI could be
interested.
UBI Banca denied a report published on il Messaggero saying
its CEO had discussed a potential tie-up with Monte dei Paschi
at a recent meeting of the lender's supervisory board .
ATLANTIA ATL.MI
Italian infrastructure group Atlantia said on Friday it had
decided to exercise an option to buy all or part of the shares
in Spanish telecoms masts group Cellnex owned by Abertis for
between 21.20-21.50 euros per share. urn:newsml:reuters.com:*:nL8N1R56J7
INTESA SANPAOLO ISP.MI
The bank is in talks with various parties interested in
buying part of its non-performing loans portfolio, chief
executive Carlo Messina said on Friday. urn:newsml:reuters.com:*:nI6N1QR01H
Messina also said he saw opportunities from Brexit for the
bank to grow in the private banking and asset management
sectors.
FIAT CHRYSLER FCHA.MI
The carmaker named Antonio Filosa chief operating officer of
its Latin America region, while Stefan Ketter will return to
Europe and continue serving on group executive council as chief
manufacturing officer. urn:newsml:reuters.com:*:nFWN1R50QS
Fiat Chrysler could shift 1 billion euros of the group's
debt to car parts unit Magneti Marelli when it will be spun off,
Il Sole 24 Ore reported on Sunday.
Car registrations for the Alfa Romeo brand will be around
140,000 and 150,000 this year, Il Giornale reported on Sunday.
SAIPEM SPMI.MI
Former Poste Italiane CEO Francesco Caio could become
Saipem's chairman, several newspaper reported on Saturday.
GENERALI GASI.MI
Italian entrepreneur Francesco Gaetano Caltagirone has
raised its stake in the insurer to 3.76 percent, a filing showed
on Friday.
MONCLER MONC.MI
The fashion group aims at keeping stable its current EBITDA
margin but acknowledges that the so-called "Genius" project
could have a temporary negative impact of few percentage points
on the margin, Il Sole 24 Ore reported on Sunday.
AZIMUT HOLDING AZMT.MI
The asset manager will look for acquisitions on foreign
markets, its CEO Sergio Albarelli told Il Sole 24 Ore on
Saturday, adding the group aims to get a licence to operate with
retail clients in China.
CREDITO VALTELLINESE PCVI.MI
Board meeting on FY results (preliminary FY results on Feb.
5).
Fitch upgraded Creval to 'BB-', outlook 'positive'. urn:newsml:reuters.com:*:nFit9v7GnT
TREVI FINANZIARIA TFI.MI
QuattroR and Bain Capital Credit have presented two
competing offers to shore up the indebted group, Il Messaggero
said on Saturday.
PIAGGIO PIA.MI
Moody's changed Piaggio's rating outlook to 'positive',
while 'B1' ratings were affirmed. urn:newsml:reuters.com:*:nI6N1QR01H
IGD SIIQ IGD.MI
Italy's IGD Siiq aims to increase its dividends again this
year after already raising by 11 percent what it paid to
shareholders over last year's results, the real estate group's
chief executive said on Friday. urn:newsml:reuters.com:*:nL8N1R54O0
ALFIO BARDOLLA TRAINING GROUP ABTG.MI
Trades ex-dividend of 0.046 euro per share.
AMPLIFON AMPF.MI
'Capital Markets Day' (0900 GMT).
INDUSTRIA E INNOVAZIONE IIND.MI
Ordinary shareholders' meeting (0930 GMT).
LEONE FILM GROUP LFG.MI
Extraordinary shareholders' meeting (1500 GMT).
UNIEURO UNIR.MI
Board meeting on preliminary FY results (revenues).
CAIRO COMMUNICATION CAI.MI
Board meeting on FY results.
CALEIDO GROUP CALG.MI
Board meeting on FY results.
EEMS EEMS.MI
Board meeting on FY results.
ELETTRA INVESTIMENTI ELIN.MI
Board meeting on FY results.
ENERTRONICA ENER.MI
Board meeting on FY results.
EXOR EXOR.MI
Board meeting on FY results.
H-FARM HFARM.MI
Board meeting on FY results.
INIZIATIVE BRESCIANE IB.MI
Board meeting on FY results.
ITWAY ITWY.MI
Board meeting on FY results.
LEONE FILM GROUP LFG.MI
Board meeting on FY results (preliminary FY results on Jan.
31).
LU-VE LUVE.MI
Board meeting on FY results (Q4 sales revenue on Feb. 8).
M&C MACA.MI
Board meeting on FY results.
MONDO TV MTV.MI
Board meeting on FY results (preliminary FY results on March
1).
SABAF SABF.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/