Italy - Factors to watch on July 8
08/07/2019 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 .
ECONOMY
OECD releases May composite leading indicator (1000 GMT).
DEBT
Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on July 11.
Italy's Treasury said it would sell 6.5 billion euros in
12-month bills at auction on July 10
COMPANIES
ATLANTIA ATL.MI
Deputy Italian Prime Minister Luigi Di Maio said the
infrastructure group should repay excessively high tolls earned
in recent years from its motorway concession if it wanted to
keep the contract, a newspaper reported on Saturday.
urn:newsml:reuters.com:*:nL8N24707F
CATTOLICA ASSICURAZIONI CASS.MI
The Italian insurer said on Friday it had agreed to extend
its partnership with banking group ICCREA to 2022 and raised
stakes it held in their 'bancassurance' joint-ventures to 70%.
urn:newsml:reuters.com:*:nFWN24602C
UBI BANCA UBI.MI , ASSICURAZIONI GENERALI GASI.MI
Italy's top insurer is interested in becoming UBI's
exclusive bancassurance partner replacing Cattolica and Aviva
whose accords are close to expiring, Il Sole 24 Ore reported on
Saturday. Non-binding bids have arrived also from four foreign
players which could include Allianz ALVG.DE and AXA AXAF.PA .
TELECOM ITALIA TLIT.MI
Italy's biggest phone company plans to extend 5G services to
six more Italian cities as well as dozens of tourist spots and
business hubs by the end of the year. urn:newsml:reuters.com:*:nL8N24635K
Telecom Italia could reach an accord with Vodafone VOD.L
to share 5G infrastructure already by the end of the month, Il
Sole 24 Ore reported on Saturday.
UNICREDIT CRDI.MI , BPER BANCA EMII.MI , CARIGE CRGI.MI
UniCredit and BPER are both ready to take over for free
troubled rival Carige as part of a liquidation process that
would see state agency SGA take on up to 12 billion euros in
impaired loans from the Genoa-based bank, la Repubblica reported
on Saturday. The state would have to inject up to 1 billion
euros in capital into SGA to finance the deal, it said. Carige
had 16 billion euros in client loans at end-2018, of which 3.5
billion classed as impaired.
The FITD banking fund should hold a board meeting this week
to try and call a shareholder meeting for the week after to
convert a 312 million euo bond into equity, Il Sole 24 Ore said
on Sunday.
RAI WAY RWAY.MI
State broadcaster RAI is studying a merger of its tower unit
Rai Way with EI Towers, the tower group controlled by
infrastructure fund F2i and deal could be struck in the autumn,
la Repubblica reported on Saturday.
FINCANTIERI FCT.MI
The Italian state-owned shipbuilder is racing against
Huntington Ingalls Industries HII.N , Bath Iron Works and
Austal USA ASB.AX to win $19 billion U.S. Navy contract, Il
Sole 24 Ore reported on Satuday, adding it had to submit a
technical proposal by Aug. 22.
MEDIASET MS.MI
The Italian broadcaster said on Friday it had moved a board
meeting to approve first-half results to Sept. 30 from July 25.
ASTM ATMI.MI , SIAS SIS.MI
Italian market watchdog Consob has given a green light to a
prospectus for the tender offer that Italian toll road operator
ASTM plans to launch on 11.4 million shares of its SIAS unit
SIS.MI . urn:newsml:reuters.com:*:nFWN24602D
RETELIT LIT.MI
Organic growth as well as M&A followed by a reordering of
its business are among the focus points of Retelit, says Il Sole
24 Ore on Sunday.
JUVENTUS JUVE.MI
The Serie A football club said on Friday it signed defender
Merih Demiral until June 2024 after reaching a deal for the
definitive acquisition of the player from U.S. Sassuolo Calcio
for 18 million euros ($20 million) payable over four years.
urn:newsml:reuters.com:*:nBIAJqMvv
ASTALDI AST.MI
A July 15 deadline for the troubled builder to submit to a
court a proposed accord with creditors is unlikely to be met but
so-called 'comfort letters' being prepared by creditor banks are
expected to win an extension to July 31, Il Sole 24 Ore reported
on Saturday.
CHL CHL.MI
Capital increase starts; ends on July 25.
LVENTURE GROUP LVEN.MI
Capital increase starts; ends on July 25.
NETWEEK NTW.MI
Capital increase starts; ends on July 25.
Trade ex-dividend: COFIDE COFI.MI of 0.0145 euro per
share, IVS GROUP IVS.MI of 0.30 euro per share.
DIARY
Milan, Cabinet Undersecretary Stefano Buffagni delivers
closing address at Cariplo Foundation event (0900 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/
($1 = 0.8915 euros)