Italy - Factors to watch on April 12

Italian Wine Brands SpA

12/04/2019 07:50

MILANO, April 12 (Reuters) - The following factors could
affect Italian markets on Friday.
    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
    Reducing Italy's high income tax burden is a "necessary act
of justice" and the government will take steps in the next
budget, the country's economy minister said in a newspaper
interview.  urn:newsml:reuters.com:*:nS8N21K03X
    Italy must deliver on its agreement with the European Union
to keep its structural budget deficit stable this year, European
Commissioner for Economic and Financial Affairs Pierre Moscovici
said on Thursday.  urn:newsml:reuters.com:*:nL8N21T6K2
    
    COMPANIES
    MONTE DEI PASCHI  BMPS.MI 
    State-controlled Monte dei Paschi is considering several
"strategic and extraordinary" options, but a changed business
environment means the lender might need more time to draw up its
strategy, Chairwoman Stefania Bariatti said.  urn:newsml:reuters.com:*:nS8N21K03W 
    The bank on Thursday rejected a request by an activist
investor to seek damages from past and current executives and
board directors.  urn:newsml:reuters.com:*:nS8N21K03V
   
(*) ASSICURAZIOI GENERALI  GASI.MI 
    Foreign insurers including Generali and Prudential are in
early talks with authorities to enter China's private pensions
sector, people with knowledge of the matter said, as Beijing
opens up to overseas companies.  urn:newsml:reuters.com:*:nL3N21S360
    
    MEDIASET  MS.MI 
    German media group ProSiebenSat.1  PSMGn.DE  ruled out a
takeover by Italian broadcaster on Thursday, dismissing recent
speculation, and added it had not been approached by other
interested parties.  urn:newsml:reuters.com:*:nL8N21T0NN
    
    IPOs
    Italian payments group Nexi's s initial public offering has
been priced at 9 euros per share in a 2 billion euro deal set to
be one of Europe's biggest IPOs this year, sources close to the
process said.  urn:newsml:reuters.com:*:nL8N21T5QH
     
    UNICREDIT  CRDI.MI 
    Italy's biggest lender said it is among a group of banks
accused of running a cartel in trading euro zone government
bonds between 2007 and 2012, years when financial crises dragged
down banks and several European countries.  urn:newsml:reuters.com:*:nL8N21T3YM
(*) The bank said on Friday it had agreed the sale of 210
million euros in non-performing consumer loans to MBCredit
Solutions.  urn:newsml:reuters.com:*:nS8N21K03Y
    
    (*) CREVAL  PCVI.MI  
    Moody's on Thursday confirmed the bank's senior unsecured
debt rating and raised the rating on subordinated debt.
    It cut the outlook on Creval's long-term deposits' rating to
'negative' due to the 2019-2020 debt maturity schedule, which
the bank said would be examined in a funding plan when it
present the new three-year business plan in June.  urn:newsml:reuters.com:*:nFWN21T0RB 
 urn:newsml:reuters.com:*:nNDLbksfrs
         
(*) BANCO BPM  BAMI.MI 
    The bank said 67 percent of total buyers of its AT1 Bond
were Non-Italian.  urn:newsml:reuters.com:*:nFWN21T0ZO
    
(*) TERNA  TRN.MI 
    Terna said on Friday it had won a $130 mln contract to build
power lines in Brazil.  urn:newsml:reuters.com:*:nFWN21T0ZG
    
(*) SAIPEM  SPMI.MI 
    A dispute between Saipem and Gazprom over the scrapping of a
contract to build the South Stream gas pipeline is close to a
solution, MF said, adding the move would open up the Russian
market for the Italian oil service company. At the end of March
the two sides drew up a draft agreement which should soon be
finalised, it said.
    
(*) MONDADORI  MOED.MI 
    Mondadori is interested in buying a publisher of
professional books to sit alongside its plans to acquire an
English books publisher, Il Sole 24 Ore said.
        
    STEFANEL  STEP.MI 
    Italian clothing group has submitted to the court the
request to push back 60 days the deadline for filing a creditor
protection plan. 
    
    CNH INDUSTRIAL  CNHI.MI 
    Annual general meeting (0700 GMT).
    
    FCA  FCHA.MI 
    Annual general meeting (1000 GMT).
    
    FERRARI NV  RACE.MI 
    Annual general meeting (1300 GMT).
    
    UBI BANCA  UBI.MI 
    Annual general meeting (0730 GMT).
    
    PLT ENERGIA  PLTEN.MI 
    Takeover offer by Baya Srl, Nous Srl and Nexte 1 Srl ends.
    
    IREN  IREE.MI 
    Board meeting on FY results.
    
    INWIT  INWT.MI 
    Ordinary shareholders' meeting (1300 GMT).
    
    PIAGGIO  PIA.MI 
    Annual general meeting (0900 GMT).
    
    ILLIMITY BANK  ILTY.MI 
    Annual general meeting (0800 GMT).
    
    Annual general meetings: BANCO DI SARDEGNA  SARIn.MI  (0930
GMT), ITALIAN WINE BRANDS  ITWB.MI  (0800 GMT), SPACTIV
 SPTV.MI  (0800 GMT).
    
    Board meetings on FY results: ALFIO BARDOLLA TRAINING GROUP
 ABTG.MI , AMBIENTHESIS  ATH.MI , BIOERA  BIE.MI .
    
    DIARY
    Rome, Prime Minister Giuseppe Conte receives award "Donato
Menichella" (1300 GMT).
    Genoa, "Forum for Dialogue Between Italy and Switzerland"
opening ceremony with Genoa Mayor Marco Bucci, Liguria Region
Governor Giovanni Toti, Infrastructure and Transport Deputy
Minister Edoardo Rixi, Regional Affairs Minister Erika Stefani,
Swiss Federal Councilor Ignazio Cassis (1230 GMT).
    
    ((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)
 ((mailto:viviana.venturi@thomsonreuters.com;))