Italy - Factors to watch on April 23

Ki Holding SpA

23/04/2018 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 
    Former prime minister Silvio Berlusconi branded the 5-Star
Movement a danger for Italy on Friday, killing off any lingering
chance of a coalition tie-up between his rightist bloc and the
anti-establishment party.  urn:newsml:reuters.com:*:nL8N1RX4GL
   
    DEBT
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on April 27.
    The Treasury said on Friday it would offer six billion euros
in six-month bills at an auction on Thursday.  urn:newsml:reuters.com:*:nI6N1RO00L
    
    COMPANIES
    BANKS 
    The European Central Bank has warned lenders it is checking
their 2017 earnings to make sure they haven't taken improper
advantage of a new accounting rule in order to minimise the hit
from loan losses, an Italian daily reported on Saturday.
 urn:newsml:reuters.com:*:nL8N1RY07G
        
    TELECOM ITALIA  TLIT.MI 
    Activist investor Elliott International has hired broker
Equita SIM to help it win over institutional investors in its
battle for control of the Italian phone group, Il Sole 24 Ore
reported on Saturday.
    A judge is due to rule on Monday on an appeal by Telecom
Italia and main shareholder Vivendi against a shareholder
meeting called on Tuesday by activist fund Elliott to replace
six board members. 
    
    ENEL  ENEI.MI 
    Brazil's power company Neoenergia  NEOE3B.SO  on Friday
raised its takeover bid for power distribution company
Eletropaulo Metropolitana SA  ELPL3.SA  to 29.40 reais from
25.51 reais per share, according to a securities filing.
 urn:newsml:reuters.com:*:nE6N1N202F
    CPFL Energia, owned by China's State Grid has contacted
banks to assess a possible offer, sources have told Reuters,
adding a bid remained unlikely at present.
    Enel is set to relaunch its bid, Il Sole 24 Ore said on
Sunday. 
    
    UNICREDIT  CRDI.MI 
    The bank's chairman Fabrizio Saccomanni told Il Corriere
dellaSera on Sunday there were no more systemic risks for
Italian banks, adding that while he acknowledged there had been
a need to strengthen regulatory and oversight rules after the
banking crisis, now perhaps was a time when a period of
stabilisation was necessary.  
    
    BANCA CARIGE  CRGI.MI 
    Carige could double its value if it accepted to be bought,
investor Raffaele Mincione told Corriere della Sera on Saturday.
            
    SALVATORE FERRAGAMO  SFER.MI 
    The Italian luxury goods maker appointed former Gucci
executive Micaela Le Divelec as general manager on Friday,
postponing selection of a new chief executive.  urn:newsml:reuters.com:*:nL8N1RX2TI
    
    SAIPEM  SPMI.MI 
    The oil services group said on Friday it had won new
drilling and offshore E&C contracts worth around $190 million.
 urn:newsml:reuters.com:*:nFWN1RX0TU   
    
    SNAM  SRG.MI 
    The Italian energy company has joined a consortium led by 
Mubadala Development and EIG Global Energy Partners which last
week submitted one of three bids for a natural gas pipeline
Brazil's Petrobras is selling, Bloomberg News reported on Friday
quoting people knowledgeable on the matter.
       
    RETELIT  LIT.MI 
    Investor Raffaele Mincione was quoted as saying in
Saturday's Corriere della Sera he didn't want to overpay to win
a control war over Retelit and if he were defeated at a
shareholder meeting on April 27 he would wait to increase his
vehicle's holding to 29.9 percent until he could do so at a
reasonable price. 
       
    ASTM  ATMI.MI 
    ASTM, the holding which controls constructor and
concessionaire Gavio, is likely to reach its business targets on
sales and geographic growth to 2021 ahead of time, Il Sole 24
Ore said on Sunday citing its CEO Alberto Rubegni. 
    
    BANCA GENERALI  BGN.MI 
    Board meeting on Q1 results.
    
    MODELLERIA BRAMBILLA  MBRA.MI 
    Full and voluntary takeover offer on ordinary share by
Co.Stamp S.r.l. ends.
    
    SOGEFI  SGFI.MI 
    Annual general meeting (1400 GMT) and board meeting on Q1
results.
        
    BIOERA  BIE.MI 
    Board meeting on FY results.
    
    BOERO BARTOLOMEO  BOEI.MI 
    Board meeting on FY results.
    
    KI GROUP  KI.MI 
    Board meeting on FY results.
    
    The following companies hold annual general meetings:
UNIPOLSAI  US.MI , CAMPARI GROUP  CPRI.MI , DIASORIN  DIAS.MI ,
EI TOWERS  EIT.MI , ERG  ERG.MI , RAI WAY  RWAY.MI , CALTAGIRONE
EDITORE  CED.MI , BANCA SISTEMA  BSTA.MI , ENERVIT  ENVT.MI , 
INTERPUMP GROUP  ITPG.MI , PHARMANUTRA  PHNU.MI , PIERREL
 PRL.MI , POLIGRAFICI PRINTING  POPR.MI , REPLY  REY.MI ,
SITI-B&T GROUP  SITI.MI , SNAITECH  SNAI.MI , SOFTEC  YSFT.MI ,
DIGITAL MAGICS  DMG.MI , EXPERT SYSTEM  EXSY.MI 
   
    Trade ex-dividend: AUTOSTRADE MERIDIONALI  AUMI.MI  of 1.0
euro per share; BANCA IFIS  IF.MI  of 1.00 euro per share, BANCA
MEDIOLANUM  BMED.MI  trades ex-dividend of 0.20 euro per
ordinary share as final dividend (interim dividend of 0,20 euro
per ordinary share on Nov. 20, 2017); CNH INDUSTRIAL  CNHI.MI 
of 0.14 euro per ordinary share; DE LONGHI  DLG.MI  1.00 euro
per share; FERRARI N.V.  RACE.MI  of 0.71 euro per ordinary
share; FINECOBANK  FBK.MI  of 0.285 euro per share; ITALIAN WINE
BRANDS  ITWB.MI  of 0.40 euro per share; LUXOTTICA  LUX.MI  of
1.01 euros per share; PIAGGIO  PIA.MI  of 0.055 euro per
ordinary share; PITECO  PITE.MI  of 0.15 euro per ordinary
share; PRYSMIAN  PRY.MI  of 0.43 euro per share; RECORDATI
 RECI.MI  of 0.43 euro per share as final dividend (interim
dividend of 0.42 euro per share on Nov. 20, 2017); UNICREDIT
 CRDI.MI  of 0.32 euro per ordinary share.
    
    ((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/