Italy - Factors to watch on April 3
03/04/2018 05:00
The following factors could affect Italian markets on Tuesday.
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 political parties met on Thursday to try to find
common ground on forming a government in the wake of this
month's inconclusive election, ahead of formal consultations
with the president next week. urn:newsml:reuters.com:*:nL8N1RB66W
Italian President Sergio Mattarella will hold talks about
the formation of a government with political parties on April
4-5, a statement from the head of state's office said on
Thursday. urn:newsml:reuters.com:*:nR1N1R5001
ECONOMY
Markit/ADACI releases March PMI manufacturing (0745 GMT).
Transport Ministry releases March car sales data (1600 GMT).
March state sector borrowing requirement data.
COMPANIES
Bourse After Hours market closed.
TELECOM ITALIA (TIM) TLIT.MI
The group said on Thursday that its largest investor,
Vivendi VIV.PA , filed its list of candidates for the renewal
of the Board of statutory auditors, the first to be filed ahead
of the shareholder meeting of April 24. urn:newsml:reuters.com:*:nBIA6gMjc
Chairman Arnaud De Puyfontaine and CEO Amos Genish have
given up their 2017 bonus payment of 500 million euros and 400
million euros respectively, several dailies reported on Friday.
Both TIM and Vivendi are studying a countermove to Elliott's
request to integrate the next shareholders' meeting agenda,
Corriere della Sera and La Stampa added. The two groups have
contacted law firms and Unicredit CRDI.MI on the matter and
aim at the full renewal of the board on May 4, Corriere della
Sera reported.
MEDIASET MS.MI
The private broadcaster said on Friday it signed a
content-sharing deal with Sky's SKYB.L Italian unit, paving
the way for potential broader alliances between the two rival
groups. urn:newsml:reuters.com:*:nL8N1RC1RV
The deal could entail a rise in revenues of up to 80-100
million euros per year for the next three to five years for
Mediaset, Corriere della Sera reported on Sunday.
Following the deal, Spanish broker Mediapro, which bought
the rights to broadcast Serie A soccer matches for 2018-2021 at
1.05 billion euros per season, has decided to postpone its
tender to sell the rights, initially expected for Tuesday,
several newspapers reported on Sunday.
The Spanish group will wait until the antitrust regulator
will make its decision on the deal before making any decision,
il Giornale reported on Sunday.
Mediapro believes that after the agreement, Mediaset will
make a low offer for the rights leaving space for Sky to make
its own bid, la Repubblica reported on Sunday.
The accord "puts an end to the Italian television ambitions"
of Vivendi's Vincent Bollore, who will now unlikely be able to
forge a content deal between Mediaset and TIM, La Stampa
reported on Sunday.
By the summer nine of Mediaset Premium's channels will be
visible on the Sky platform and from June Sky will launch a low
cost offer on Mediaset, dailies reported on Sunday.
It is likely that in the long-term the two groups will
revise the programme offers made to their subscribers, Il
Messaggero reported on Sunday.
ENI ENI.MI
The oil major has frozen a joint project with Russia's state
oil company Rosneft ROSN.MM amidst U.S. sanctions, the RBC
daily reported on Friday, citing sources. L8N1RC1QL
INTESA SAN PAOLO ISP.MI
Chief Executive Carlo Messina told the Financial times on
Sunday the lender was "studying the possibility to make a
strategic alliance with a big player in assets under management
and (it was ) ready to also sell a minority stake in order to
have a possibility to play a game of consolidation of assets
under management in Europe". urn:newsml:reuters.com:*:nL4N1RE0A2
BANCA MONTE DEI PASCHI BMPS.MI
The lender will meet investors in London on April 4, two
sources close to the bank told Reuters, as the Tuscan lender
seeks to soothe concerns over its turnaround
progress. urn:newsml:reuters.com:*:nL8N1RB6QM
BANCA CARIGE CRGI.MI
The top investor in the lender questioned on Thursday
backstop accords with investors that last year allowed the
Italian lender to meet regulatory demands to raise capital.
urn:newsml:reuters.com:*:nL8N1RB6MB
GENERALI GASI.MI
Italian entrepreneur Francesco Gaetano Caltagirone raised
his stake in the insurer to 3.9 percent, internal dealing notes
showed on Thursday. urn:newsml:reuters.com:*:nL8N1RB59P
LEONARDO LDOF.MI
The defence group said on Friday it would deliver by early
2019 two civil helicopters to two private operators in Chile,
where the company already supplied more than 20 aircrafts.
SNAM SRG.MI
Greece's privatization agency said it is seeking a higher
price from two suitors for a 66 percent stake in its gas grid
operator DESFA after opening binding bids on Thursday. Last
month Greece received two binding bids from Italy's Snam
SRG.MI , Spain's Enagas Internacional ENAG.MC and Belgium's
Fluxys FLUX.BR , and from a consortium of Spain's
Regasificadora del Noroeste (Reganosa), Romania's Transgaz and
the European Bank for Reconstruction and Development (EBRD).
urn:newsml:reuters.com:*:nL8N1RB595
BANCO BPM BAMI.MI , CATTOLICA CASS.MI
The two groups said on Thursday that Cattolica finalised the
acquisition of a 65 percent stake in insurance companies Avipop
Assicurazioni and Popolare Vita from Banco BPM. urn:newsml:reuters.com:*:nBIAh4QTs
urn:newsml:reuters.com:*:nL8N1RC0BP
ITALMOBILIARE ITMI.MI
The group said on Thursday it invested about 140 million
euros for a 60 percent share in coffee maker Caffe Borbone.
urn:newsml:reuters.com:*:nFWN1RB0VP
IL SOLE 24 ORE S24.MI
The publisher said on Thursday its Chief Financial Officer
had offered his resignation and that he would be in office until
the end of May. urn:newsml:reuters.com:*:nFWN1RB0WD
JUVENTUS FC JUVE.MI
Juventus winger Juan Cuadrado come off the bench after a
three-month injury layoff to score the goal which set the Serie
A leaders on the way to a 3-1 win over AC Milan on Saturday.
urn:newsml:reuters.com:*:nL8N1RD0E2
AS ROMA ASR.MI
AS Roma forward Edin Dzeko headed a second-half equaliser to
rescue a point for the Champions League quarter-finalists in a
1-1 draw at mid-table Bologna in Serie A on Saturday.
urn:newsml:reuters.com:*:nL3N1RD06S
SS LAZIO LAZI.MI
The club said on Thursday net profit in the first half of
the year rose to 44.9 million euros, from 9.5 million the
previous year. urn:newsml:reuters.com:*:nL8N1RC0A5
The team blasted five goals in the last half-hour to thrash
10-man Benevento 6-2.
BANCO DI DESIO E DELLA BRIANZA DESI.MI
Trades ex-dividend 0.1001 euro per ordinary share and 0.1202
euro per saving share.
MODELLERIA BRAMBILLA MBRA.MI
Full and voluntary takeover bid on ordinary share by
Co.Stamp S.r.l. starts; ends on April 23.
ALITALIA CAITLA.UL
The government will soon approve a decree postponing to the
end of the summer, or at least to the end of September, the
final date for binding offers for the airline, which was put
under special administration last year, Il Messaggero reported
on Friday.
An option that is being considered is to get an Italian
investor to buy 51 percent of the carrier and leave the
remaining 49 percent to state lender CDP and a foreign airline,
Il Messaggero reported, adding that any plan would have to get
the green light of the country's new government. New meetings
between Alitalia administrators and potential buyers will resume
on April 3, the report added.
Buyers for Alitalia have "slowed down due to the political
situation in the country, but there are still spaces (for the
deal to happen", outgoing industry minister Carlo Calenda is
quoted as saying in several newspapers on Sunday.
((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/