Italy - Factors to watch on May 20
20/05/2019 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
Nationalist parties from across Europe held a rally on
Saturday, led by Italian Deputy Prime Minister Matteo Salvini,
promising to reshape the continent following next week's EU
parliamentary election. urn:newsml:reuters.com:*:nL5N22U0HI
ECONOMY
Soon after the European elections, the EU Commission will
send a letter to the Italian government to ask for explanations
about the rise in Italy's public debt between 2017 and 2018, Il
Sole 24 Ore and Il Messaggero reported on Saturday, adding this
could be the first step towards a potential procedure against
Rome's fiscal policy.
ECB's policymaker Klaas Knot said Italy should be more
disciplined regarding public debt, which is well above EU limits
and it is also creeping up. urn:newsml:reuters.com:*:nL5N22V05B
COMPANIES
GENERALI GASI.MI
The Benetton family wants Generali to remain in Italian
hands and is ready to tighten its grip on Europe's third-biggest
insurer along with other Italian investors, Luciano Benetton
said in an interview with La Repubblica. urn:newsml:reuters.com:*:nL5N22V0HP
ATLANTIA ATL.MI
Luciano Benetton said Atlantia had not received a request to
invest in Italian carrier Alitalia, adding Atlantia's managers
retained the trust of the family after the deadly collapse of a
bridge operated by the firm's motorway unit.
The entrepreneur also said former Telecom Italia boss Marco
Patuano would not be offered a second term as the CEO of
Edizione, the company which manages the Benettons stakes in
Atlantia, Autogrill, Generali and other companies. Patuano's
mandate ends on May 24. urn:newsml:reuters.com:*:nL5N22V0HP
UNICREDIT CRDI.MI
A merger with Germany's Commerzbank CBKG.DE will likely
require as many as 10,000 job cuts over a total workforce of
49,000, La Repubblica reported on Saturday citing a market
source.
TELECOM ITALIA TLIT.MI
Italy's antitrust has levelled criticisms against the
telecom watchdog's draft market analysis document on network
access, including the idea of separating Telecom Italia's
network, Il Sole said on Saturday. It is against Agcom's
proposal to grant Tim certain regulatory advantages in areas
where more network competition exists.
ENI ENI.MI
Exploration at the Kekra-1 well off the coast of southern
Pakistan has been abandoned after no reserves of oil or gas were
found, said the spokesman for Oil and Gas Development Co Ltf
OGDC.KA , the Pakistani partner in the project, along with Eni
and Exxon Mobile Corp and Pakistan Petroleum. urn:newsml:reuters.com:*:nL4N22V05M
SALINI IMPREGILO SALI.MI
Tensions have emerged between Salini and state lender CDP
over how to set up a group aimed at rescuing some ailing
companies in the construction sector, Il Sole 24 Ore said on
Saturday, adding the governance of the new group is one of the
sticking points.
ENEL ENEI.MI
Italy's biggest utility sees a positive impact on 2019
group's EBITDA of around 180 million euros from the resolution
of regulatory pending issues in Argentina, the company said on
Friday. urn:newsml:reuters.com:*:nFWN22T10L
TERNA TRN.MI
The rating agency Scope has assigned the Italian power grid
operator, and its unsecured senior debt, a long-term rating of
"A-", with a stable outlook, and a short term rating of "S-1",
company said on Friday. urn:newsml:reuters.com:*:nFWN22T0VH
UNIEURO UNIR.MI
The Italian electrical retailer sees capex in the range
between 22 million and 25 million euros for the current fiscal
year, Il Sole 24 Ore said on Sunday.
AXELERO AXEL.MI
Extraordinary shareholders' meeting (1400 GMT).
Revenues fell to 10 million euros in 2018 from 28.6 million
euros a year ago, EBITDA totalled a 16.8 million loss from a
loss of 9,5 million, the Internet company said on Friday.
urn:newsml:reuters.com:*:nBIA12Bwtf
BOMI ITALIA BOMI.MI
De-listed as of Monday.
CSP INTERNATIONAL CSP.MI
Annual general meeting.
ENERTRONICA ENER.MI
Baord meeting on FY results.
SPRINTITALY SPRT.MI
Changes name in Sicit Group SICT.MI .
Board meetings on Q1 results: TELECOM ITALIA TLIT.MI
(TIM), ITWAY ITWY.MI , TRAWELL CO TRWL.MI , VALSOIA VALS.MI
(0900 GMT).
Trade ex-dividend: A2A A2.MI of 0.07 euro per ordinary
share; AMPLIFON AMPF.MI of 0.14 euro per share; ASSICURAZIONI
GENERALI GASI.MI of 0.90 euro per share; ATLANTIA ATL.MI of
0.90 euro per share; AZIMUT AZMT.MI of 1,50 euro per share of
1.20 euros cash per share and free allocation of one share every
56 shares owned; BANCA GENERALI BGN.MI of 1.25 euros per
share; BPER BANCA EMII.MI of 0.13 euro per share; BUZZI UNICEM
BZU.MI of 0.125 euro per ordinary share and of 0.149 euro per
saving share; ENI ENI.MI of 0.41 euro as final 2018 dividend
per share (0.42 euro as interim dividend on Sept. 24, 2018);
INTESA SANPAOLO ISP.MI of 0.197 euro per share; ITALGAS
IG.MI of 0.234 euro per share; LEONARDO LDOF.MI of 0.14 euro
per share; MONCLER MONC.MI of 0.40 euro per share; PIRELLI & C
PIRC.MI of 0.177 euro per share; SALVATORE FERRAGAMO SFER.MI
of 0.34 euro per share; TENARIS TENR.MI of 0.28 U.S. dollar as
final dividend (0.13 U.S. dollar as interim dividend on Nov. 19,
2018); UBI BANCA UBI.MI of 0.12 euro per ordinary share;
UNIPOL UNPI.MI of 0.18 euro per ordinary share; UNIPOLSAI
US.MI of 0.145 euro per ordinary share; ANIMA ANIM.MI of
0.165 euro per ordinary share; AVIO AVI.MI of 0.44 euro per
ordinary share; BANCA POPOLARE DI SONDRIO BPSI.MI of 0.050
euro per share; BASIC NET BCNT.MI of 0.12 euro per share; BE
BET.MI of 0.022 euro per share; BREMBO BRBI.MI of 0.22 euro
per share; BRIOSCHI SVILUPPO IMMOBILIARE BRUI.MI of 0.002 euro
per share; BRUNELLO CUCINELLI BCU.MI of 0.30 euro per share;
CALTAGIRONE CALI.MI of 0.07 euro per share; CATTOLICA
ASSICURAZIONI CASS.MI of 0.40 euro per share; CELLULARLINE
CELL.MI of 0.30 euro per share; CEMENTIR CEMI.MI of 0.14
euro per share; CERVED GROUP CERV.MI of 0.295 euro per
ordinary share as ordinary dividend and of 0.010 euro per
ordinary share as special dividend; CIR CIRX.MI of 0.039 euro
per share; CIRCLE CIRC.MI one new ordinary share every ten
ordinary owned shares; CREDITO EMILIANO EMBI.MI of 0.20 euro
per share; DEA CAPITAL DEA.MI of 0.12 euro per share as
extraordinary dividend; DE' LONGHI DLG.MI of 0.37 euro per
share; DIASORIN DIAS.MI of 0.90 euro per ordinary share;
DIGITAL MAGICS DMG.MI of 0.05 euro per ordinary share; ELETTRA
INVESTIMENTI ELIN.MI of 0.25 euro per share; ENAV ENAV.MI of
0.1998 euro per share; ENERVIT ENVT.MI of 0.11 euro per share;
ERG ERG.MI of 0.75 euro per share; FILA FILA.MI of 0.08 euro
per share; GEOX GEO.MI of 0.025 euro per share; GRIFAL
GRALA.MI of 0.03 euro per share; ILPRA ILP.MI of 0.05 euro
per share; IMA IMAI.MI of 2.0 euros per share; INTERPUMP GROUP
ITPG.MI of 0.22 euro per share; MASSIMO ZANETTI MZB.MI of
0.19 euro per share; NB AURORA NA SICAF RAIF NBAA.MI of 1.06
euro per share; NEODECORTECH NDT.MI of 0.153 euro per share;
NOVA RE NR.MI of 0.07 euro per share as extraordinary
dividend; PITECO PITE.MI of 0.15 euro per ordinary share;
POLIGRAFICI PRINTING POPR.MI of 0.066 euro per share; PRIMA
INDUSTRIE PRII.MI of 0.44 euro per share; RAI WAY RWAY.MI of
0.2196 euro per share; RATTI RATI.MI of 0.20 euro per share;
RCS MEDIAGROUP RCSM.MI of 0.06 euro per share; SALINI
IMPREGILO SALI.MI of 0.52 euro per saving share; Saras
SRS.MI of 0.08 euro per share; SIAS-SOCIETA INIZIATIVE
AUTOSTRADALI E SERVIZI SIS.MI of 0.535 euro per share as final
dividend (0.165 euro as interim dividend on Nov. 19, 2018); SOL
SOLS.MI of 0.175 euro per ordinary share; SPRINTITALY
SPRT.MI of 2.669 euro per ordinary and special shares as
special dividend; TAMBURI INVESTMENT PARTNERS TIP.MI of 0.070
euro; TECHNOGYM TGYM.MI of 0.18 euro per ordinary share; TOD'S
TOD.MI of 1.00 euro per ordinary share; VIANINI VINI.MI of
0.06 euro per share.
DIARY
Florence, "Power Summit 2019" starts (0700 GMT), ends on May
21; news conference at 1045 GMT. Expected attendees include Enel
ENEI.MI CEO Francesco Starace, Deputy Prime Minister and
Industry Minister Luigi Di Maio, European Parliament President
Antonio Tajani, Vestas VWS.CO Chairman and CEO Anders Runevad,
Siemens SIEGn.DE Gas and Power unit CEO Lisa Davis, EDP
EDP.LS Executive Board Member Vera Pinto Pereira, Enel X
Chairman and CEO Francesco Venturini.
Rome, conference on "Zero-Impact Mobility: the Future is
Green" with Invitalia CEO Domenico Arcuri, Enel ENEI.MI X unit
Country Manager Alessio Torelli, Infrastructure and Transport
Deputy Minister Edoardo Rixi; Deputy Prime Minister and Interior
Minister Matteo Salvini delivers closing address (0700 GMT).
Gambellara, Deputy Prime Minister and Industry Minister
Luigi Di Maio delivers opening address at event "Wiki
Enterprises at the Heart of Development" and presents 'Growth
Law Decree' (0900 GMT).
Milan, Italian National Fashion Chamber holds news
conference to present "Milano Moda Uomo" fashion shows to be
hold on June 14-17 (0800 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/