Italy - Factors to watch on July 16

Lucisano Media SpA

16/07/2014 08:14

The following factors could affect Italian markets on Wednesday. 
    Reuters has not verified the newspaper reports, and cannot  
vouch for their accuracy. New items are marked with (*). 
       
    POLITICS 
    Jean-Claude Juncker won a wide endorsement from the European 
Parliament on Tuesday to be the next head of the executive 
European Commission after setting out a "grand coalition" 
investment programme to help revive Europe's 
economy. ID:nL6N0PQ2DF  
     
    ECONOMY 
    ISTAT releases May foreign trade data (0800 GMT). 
     
    COMPANIES 
    BANKS 
    Credit rating agency Moody's said on Tuesday it was keeping 
a negative outlook on Italy's banking system due to continued 
deterioration of asset quality and low 
profitability. ID:nL6N0PQ5JH  
     
    GTECH  GTCH.MI  
    The Italian lottery operator said it will buy Las 
Vegas-based slot machine maker International Game Technology 
IGT.N for $4.7 billion in cash and stock to increase its scale 
and offerings in the global gaming market. ID:nL4N0PR1B0  
    A unit of Turkish tourism company Net Holding  NTHOL.IS  won 
a privatisation tender on Tuesday to operate the country's 
national lottery for 10 years with a bid of $2.76 billion. It 
beat offers from two rival consortia: one composed of Czech 
investment groups KKCG and Emma Capital, and Italian gaming 
company GTECH SpA, the other Turkey's ERG-Ahlatci 
consortium. ID:nL6N0PQ50H  
     
    TELECOM ITALIA  TLIT.MI  
    The break-up of investment vehicle Telco, which holds 22.3 
percent in the phone group, will only take place after its 
shareholders fully repay its 2.5 billion euros in debt, Il Sole 
24 Ore said.  
     
    SNAM  SRG.MI , TERNA  TRN.MI  
    China's state power grid is a few steps away from getting 
30-35 percent of CDP Reti, the company which holds 30 percent of 
Snam and will also receive from CDP a 29.9 percent stake in 
Terna, Corriere della Sera said. 
     
    ENEL  ENEI.MI   
    The government of Romania may be looking to buy the 64.4 
percent in Distributie Muntenia held by Enel or could give up 
its right to buy that stake to favour a foreign buyer such as 
the State Grid Corporation of China, said Il Sole 24 Ore.   
     
    ALITALIA, UNICREDIT  CRDI.MI  AND INTESA SANPAOLO  ISP.MI  
    James Hogan, the CEO of Etihad - which is in talks to buy a 
stake in ailing carrier Alitalia - holds a news conference in 
Rome on first direct flight Rome-Abu Dhabi (0900 GMT). 
    Talks between Alitalia and the unions continued through the 
night over staff costs following an industrial agreement the 
Italian airline reached with Etihad.  ID:nL6N0PQ5C9  
  * The final deal between Alitalia and Etihad is expected to be 
signed on July 25 before an Alitalia shareholder meeting 
scheduled for that same day, according to Il Messaggero.  
     
  * INDESIT  IND.MI  
    CEO Marco Milani will remain in his post even after 
U.S.-listed Whirlpool takes control of the company, La 
Repubblica said.  
     
    INTERMONTE 
    Brokerage Intermonte is acting as a global coordinator and 
bookrunner on three Italian initial public offerings, one of 
which should materialize this summer and the other two in the 
fourth quarter.  ID:nL6N0PQ5M1  
     
    FRETTE AND CHANGE CAPITAL PARTNERS 
    Private equity group Change Capital Partners has bought a 
majority stake in Italian luxury linen maker Frette for an 
undisclosed sum, aiming to revive sales at the brand that has 
kitted out royalty, top hotels and oceans liners. 
 ID:nL6N0PQ5IY  
     
    LUCISANO MEDIA GROUP  LCMG.MI  
    Film production and distribution company debuts on AIM 
bourse segment. 
     
    ((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/  
 
 
Keywords: ITALY FACTORS/JULY 16