Italy - Factors to watch on Dec. 27
27/12/2018 05:00
The following factors could affect Italian markets on Thursday.
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 2019 budget will be discussed on Thursday by the
Chamber of Deputies' Budget Committee before moving to the floor
on Friday with the government aiming for final approval by Nov.
29.
(*) Sergio Mattarella, the president of the Italian
Republic, is concerned about how the government rushed the 2019
budget through parliament but does not want to slow down its
approval and is considering signing off on the bill with a
letter of reprimand, La Stampa reported.
ECONOMY
Assogestioni expected to release November fund flows data.
DEBT
Treasury sells 6.5 billion euros six-month bills and 1.5-2.0
billion euros zero-coupon bonds due Nov. 27, 2020. Subscriptions
close at 1000 GMT.
Italy could issue new government bonds with maturities of 15
or 30 years via syndication in 2019 if market conditions allow
it, the country's Treasury said on Friday in its public debt
guidelines for next year. urn:newsml:reuters.com:*:nS8N1XX01R
COMPANIES
Bourse After Hours market closed.
Milan Stock Exchange rebalances FTSE/MIB Index as of
Thursday.
ENEL ENEI.MI
Enel Green Power, a unit of the Italian utility, sold its 50
percent stake in joint venture EF Solare Italia to
infrastructure fund F2i for 214 million euros. urn:newsml:reuters.com:*:nFWN1YQ0L9
BANCA CARIGE CRGI.MI
Italy's Banca Carige CRGI.MI has discussed with European
Central Bank supervisors the rejection of a cash call needed to
safeguard the troubled Italian lender's future, a source
familiar with the matter said on Monday. urn:newsml:reuters.com:*:nL8N1YT1SP
(*) The lender's top executives as well as its single
biggest shareholder will soon meet with ECB's representatives in
Frankfurt, Italian newspapers reported.
The top investor in Banca Carige on Saturday blocked a
crucial cash call at the troubled Italian bank from being
approved because it wanted more clarity on the lender's future
before backing a new capital injection. urn:newsml:reuters.com:*:nL8N1YR0EE
The ECB on Friday approved Carige's capital plan and said
the lender had until the end of 2019 to durably meet its capital
targets but had to
The Italian lender agreed a debt restructuring deal with
Gruppo Messina envisaging a gradual repayment of debt owed by
the shipping group. urn:newsml:reuters.com:*:nS8N1XX01P
Carige on Friday appointed Massimo Genovese as its new chief
financial officer. urn:newsml:reuters.com:*:nFWN1YQ0UK
(*) SAFILO GROUP SFLG.MI
The eyewear group said on Thursday it had renewed its
licence accord with Tommy Hilfiger until Dec. 31, 2025.
JUVENTUS JUVE.MI , ADIDAS ADSGn.DE
The Italian football team and the German sportswear firm
have extended their partnership agreement to June 2027 form June
2021. During this period Adidas will be technical partner of
Juventus for a minimum fixed consideration of 408 million euros.
Adidas will also pay an additional bonus of 15 million euros
related to 2018 performance. urn:newsml:reuters.com:*:nBIA6nz7HP
RECORDATI RECI.MI
The majority of the drugmaker's board deemed the price of a
27.55 euros per share tender offer launched by Rossini
Investimenti not adequate. The company said it planned to reach
a net profit of 300-335 million euros in 2019. urn:newsml:reuters.com:*:nL8N1YQ4SS
DAMIANI DMN.MI
The company reported a net loss of 5.9 million euros for the
first half, versus a 4.9 million euros loss in the same period
of last year. urn:newsml:reuters.com:*:nFWN1YQ0GI
IVS GROUP IVS.MI
The food vendor machine group signed a bank loan contract
for a total amount of 150 million euros, of which 100 million
euros for acquisitions, with an availability period of 18
months. urn:newsml:reuters.com:*:nFWN1YQ0GE
TAMBURI TIP.MI
A company participated by Tamburi sold its stake in lighting
group iGuzzini Illuminazione to Fagerhult for 385 million euros.
urn:newsml:reuters.com:*:nFWN1YQ0G2
GO INTERNET GO.MI
Extraordinary shareholders' meeting (1100 GMT).
Trade ex-dividend: ASSITECA ASSI.MI of 0.07 euro per
share; DIASORIN DIAS.MI of 1.80 euro per share as
extraordinary dividend.
((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/