Italy - Factors to watch on Nov. 8
08/11/2019 05:00
The following factors could affect Italian markets on Friday.
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
The Italian government will fight ArcelorMittal MT.AS in
the courts if it goes back on a pledge to buy steelmaker Ilva,
but Rome still hopes to avoid a bruising legal showdown, Prime
Minister Giuseppe Conte said on Thursday. L8N27N8Z7
ECONOMY
Bank of Italy releases October data on Target 2 liabilities
and European Central Bank funding to Italian banks.
DEBT
Treasury to buy back following four bonds: CTZ zero-coupon
bond due Nov. 27, 2020; 0.45% BTP nominal bond due June 1, 2021;
CCTeu floating rate bond due June 15, 2022; CCTeu floating rate
bond due July 15, 2023 (1000 GMT).
Treasury announces sale of BTP bonds, with relative amounts
to be auctioned on Nov. 13.
Treasury said on Thursday it would offer 5.5 bln euros in
12-mnth bills on Nov. 12. urn:newsml:reuters.com:*:nL8N27N5RP
COMPANIES
BANCA MONTE DEI PASCHI DI SIENA BMPS.MI
Milan court is expected to issue the first verdict at the
end of the trial in relation to two controversial derivative
transactions arranged by Deutsche Bank DBKGn.DE and Nomura
9716.T for Italian lender Monte dei Paschi di Siena between
2008 and 2012.
TELECOM ITALIA (TIM) TLIT.MI
Italy's biggest telecoms group said on Thursday it has made
progress in cutting its debt burden as it presses ahead with
plans to find an investment partner to help it fund a potential
tie-up with smaller rival Open Fiber. L8N27NA0X
Conference call on Q3 results (1300 GMT).
TIM and Spanish lender Banco Santander SAN.MC have agreed
to set up a joint venture to provide consumer-credit services in
Italy, the companies said on Thursday, confirming earlier
reporting by Reuters. urn:newsml:reuters.com:*:nL8N27N9SW
The group signed a preliminary agreement with Goolge on
cloud business. urn:newsml:reuters.com:*:nS8N272005
LEONARDO LDOF.MI
The Italian defence group reported a 10.8% rise in its
nine-month revenue to 9.1 billion euros, pushed by its
helicopter division and its Electronics & Security business.
urn:newsml:reuters.com:*:nL8N27N925
The group announced a public purchase offer on the entire
amount of its dollar-denominated bonds with maturity 2039 and
2040. urn:newsml:reuters.com:*:nFWN27N1MR
FINCANTIERI FCT.MI
The Italian shipbuilder said its nine-month results were
dented by a negative performance of its subsidiary Vard, which
is undergoing reorganisation. urn:newsml:reuters.com:*:nL8N27N9K4
Conference call on Q3 results (0800 GMT).
SALINI IMPREGILO SALI.MI
Billionaire Leonardo Del Vecchio bought a stake in Salini
Impregilo as he took part in a share sale the Italian builder
launched on Thursday, Salini chief executive said. urn:newsml:reuters.com:*:nS8N272008
CNH INDUSTRIAL CNHI.MI
The industrial vehicle maker said on Thursday it launched a
new buyback program on up to $700 million of its common shares.
urn:newsml:reuters.com:*:nFWN27N1HN
ITALGAS IG.MI
Italy's biggest gas distributor expects to clinch an
acquisition by the end of this year or in the first quarter of
2020, Chief Executive Paolo Gallo said on Thursday. urn:newsml:reuters.com:*:nS8N1YM04L
Italgas said on Thursday its net profit rose to 96.4 million
euros in the first quarter. urn:newsml:reuters.com:*:nS8N272001
BPER BANCA EMII.MI
The regional bank has approved a capital increase of up to
27.8 million euros in the context of the its public exchange
offer on saving shares of Banco di Sardegna, it said on
Thursday. New shares will be issued at a price of 3.53 euros
each. urn:newsml:reuters.com:*:nS8N22J08V
BPER Banca said on Thursday it would meet its NPE ratio
target of less than 9% one year ahead of plan thanks to a new
securitisation of bad loans it was preparing. urn:newsml:reuters.com:*:nS8N22J08U
Conference call on 9-months results (0830 GMT).
CREDITO EMILIANO EMBI.MI
The lender said on Thursday its 9-month net profit slightly
rose year on year to 157.7 million euros. urn:newsml:reuters.com:*:nL8N27N9BV
DOVALUE DOVA.MI
Italy's bad loan specialist said on Thursday it expected its
net profit excluding non recurring items to grow 15% on average
between 2019 and 2022. urn:newsml:reuters.com:*:nBIA3Sf6Td
BANCA IFIS IF.MI
The Italian bank will look to broaden the range of impaired
loans it can tackle through new hires or specific accords after
failing to strike a partnership with rival Credito Fondiario,
Chief Executive Luciano Colombini said on Thursday. urn:newsml:reuters.com:*:nS8N23O02B
Banca IFIS' net profit fell to 15.7 million euros in the
third quarter, the bank said. urn:newsml:reuters.com:*:nFWN27N0XB
BANCA PROFILO PRO.MI
Nine-month net profit rose year on year to 6.1 million
euros, the bank said on Thursday.
MASSIMO ZANETTI MZB.MI
Italy's second-biggest coffee maker on Thursday trimmed its
guidance for 2019 core earnings after reporting flat nine-month
sales. urn:newsml:reuters.com:*:nL8N27N85V
BRUNELLO CUCINELLI BCU.MI
Nine-month sales grew 7.7% to 459.2 million euros, Italy's
luxury group said on Thursday. Chairman Brunello Cucinelli said
he expected revenues to rise around 8% next year, while profits
to grow more than sales. urn:newsml:reuters.com:*:nFWN27N1HU urn:newsml:reuters.com:*:nS8N2100BS
AVIO AVI.MI
Adjusted operating profit fell to 13.6 million euros in the
first nine months of this year, the group said on Thursday.
urn:newsml:reuters.com:*:nFWN27N1K7
ATLANTIA ATL.MI
Board meeting on Q3 results.
UBI BANCA UBI.MI
Board meeting on Q3 results, followed by conference call
(1430 GMT).
BANCA POPOLARE DI SONDRIO BPSI.MI
Board meeting on Q3 results.
CATTOLICA ASSICURAZIONI CASS.MI
Releases Q3 results (0630 GMT), followed by conference call
(0830 GMT).
UNIPOL UNPI.MI and UNIPOLSAI US.MI
Releases Q3 results (before Bourse opening), followed by
conference call (1100 GMT).
NEXI NEXII.MI
Board meeting on Q3 results.
ANIMA ANIM.MI
Board meeting on Q3 results.
RCS MEDIAGROUP RCSM.MI
Board meeting on Q3 results.
SALCEF GROUP SCFG.MI
Debuts on AIM segment.
M&C MACA.MI
Merger with M&CL SpA effective as of today.
DIARY
Cagliari, Bank of Italy Governor Ignazio Visco gives speech
at academic year inauguration ceremony of Cagliari University
(1000 GMT).
Bergamo, "Festival 4.0" continues; ends on Nov. 10. Expected
attendees include European Commission Director General Roberto
Viola, Mediocredito Italiano Managing Director Stefano Firpo,
Industry Minister Stefano Patuanelli.
Rome, market regulator Consob presents report on investment
choices of Italian families in 2019 (0930 GMT).
Turin, Exor EXOR.MI , FCA FCHA.MI and Ferrari RACE.MI
Chairman John Elkann meets Politecnico University's students
(0900 GMT).
Venice, Anagina assembly on "The future starts now" with
Assicurazioni Generali GASI.MI Italian unit CEO Marco Sesana,
Banca Generali BGN.MI Deputy Managing Director Andrea Ragaini,
JP Morgan Italian Country head Lorenzo Alfieri (0730 GMT).
Bologna, summit on Bio-On ON.MI with new judicial
administrator, trade unions and institutions.
((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/