Italy - Factors to watch on May 14

Pininfarina SpA

14/05/2018 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
    Italy's anti-establishment 5-Star Movement and the far-right
League remain locked in talks to forge a common policy programme
and said they would not be able to present it to the head of
state on Sunday as planned.  urn:newsml:reuters.com:*:nL5N1SK0O7
    An Italian tribunal has lifted a ban on veteran centre-right
leader Silvio Berlusconi from holding public office, meaning he
could run to be prime minister in the next national election.
 urn:newsml:reuters.com:*:nL8N1SJ062
    
    ECONOMY
    OECD releases March composite leading indicator (1000 GMT).
    The Italian coalition taking shape 10 weeks after March's
inconclusive election has made economic promises that seem
incompatible with Europe's fiscal rules and will be hard, if not
impossible, to keep.  urn:newsml:reuters.com:*:nL5N1SK0CL
  
    DEBT
    Treasury starts offer of new 8-year 'BTP Italia' bond
reserved to small investors, ends on May 16 subject to early
closure.
    
    COMPANIES
    BANCO BPM  BAMI.MI , CARIGE  CRGI.MI 
    Banco BPM could consider a merger with a domestic rival as
soon as the second half of 2019, its Chief Executive Giuseppe
Castagna told La Stampa on Saturday. Castagna added Genoa-based
lender Carige was not a potential partner for Banco BPM because
Carige aimed at sealing a tie-up in the short term.
    
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI , OTHER BANKS
    A return to profit for troubled Italian bank Monte dei
Paschi di Siena added impetus to signs of a tentative recovery
among the country's battered lenders on Friday. urn:newsml:reuters.com:*:nL8N1SI12X
    By the end of next year Italy's Treasury, Monte dei Paschi's
top investor, will have to prepare a plan to cut its stake in
the bank to zero by 2021, Il Sole 24 Ore said on Sunday.
    
    MEDIASET  MS.MI 
    Italy's Antitrust will likely decide whether to open an
in-depth investigation on Mediase-Sky Italia  SKYB.L 
cooperation in the coming days, Il Corriere della Sera reported
on Sunday.    
    
    ASTALDI  AST.MI 
    Japan's IHI  7013.T  will likely take part in a upcoming
plan to boost Astaldi's capital by 300 million euros, Il Sole 24
Ore reported on Sunday, adding an Astaldi's board meeting is
expected to give its green light to the capital plan on Tuesday
or Wednesday.
    
    BREMBO  BRBI.MI 
    The company hopes to close a deal with Italian tax
authorities to cut its tax rate, under the so-called Patent box
scheme, in the first half of next year, Il Sole 24 Ore reported
on Sunday.   
    
    FIAT CHRYSLER  FCHA.MI 
    Chief Executive Sergio Marchionne said on Friday proposed
changes to automotive rules by the U.S. government may prompt
the Italian-American automaker to shift exports of the company's
Mexican-made vehicles. urn:newsml:reuters.com:*:nL1N1SI10D
    
    LUXOTTICA  LUX.MI  
    The company said it had signed an agreement to bring out the
Sunglass Hut retail concept in approximately 160 Bass Pro shops
and Cabela stores across the United States. urn:newsml:reuters.com:*:nFWN1SI1EM 
    
    TELECOM ITALIA  TLIT.MI , VIVENDI  VIV.PA 
    French media group Vivendi has notified Italian market
regulator Consob that it does not control Telecom Italia (TIM)
after it lost the majority of the phone group's board seats
following a May 4 shareholder vote, a source close to the matter
said on Friday. urn:newsml:reuters.com:*:nI6N1S3011
    The source added that Vivendi may also notify the EU
antitrust authorities that it no longer controlled the majority
of TIM's board. Vivendi last year pledged to sell TIM's 70
percent stake in broadcasting unit Persidera to win antitrust
approval for its own plan to gain de facto control of the
Italian phone group.
    Billionaire Vincent Bollore has raised his stake in Vivendi
 VIV.PA  to more than 24 percent, strengthening his influence
over the French media giant, according to regulatory
filings. urn:newsml:reuters.com:*:nL8N1SI5K5
    
    SS LAZIO  LAZI.MI 
    Lazio missed a chance to clinch the fourth and final Italian
place in next season's Champions League group stage when they
were held to a 2-2 draw at relegation-threatened Crotone on
Sunday.  urn:newsml:reuters.com:*:nL3N1SK0I6
    
    FINCANTIERI  FCT.MI 
    At the end of May or, at the latest, in June, the Australian
government is expected to announce the winner of a contract to
fit nine war ships with long-range ­anti-missile defence
systems, Il Sole 24 Ore reported on Saturday. BAE Systems
 BAES.L , Navantia and Fincantieri are all competing for the
A$35 billion contract. 
    
    ICCREA BANCA
    The cooperative bank group plans to sell bad loans with a
gross value of 1 billion euro by June, it said on Friday, adding
it would ask permission to use a state guarantee scheme for the
transaction. The sale is part of a broaden plan that foresees
the disposal of up to 7.3 billion euros of bad loans by 2021.
 urn:newsml:reuters.com:*:nL8N1SI4VL  
    
    CARIGE  CRGI.MI 
    The lender plans to issue three bonds by the end of the year
to raise up to 1.3 billion euros, the CFO told analysts at a
post-result conference call on Friday.
    
    ALITALIA  CAITLA.UL 
    The carrier posted a 6 percent rise year-on-year in sales in
the first quarter, when it booked an operating loss of 167
million euros, Il Corriere reported on Saturday. 
    
    BANCA POPOLARE DI SONDRIO  BPSI.MI 
    The company said its first-quarter net profit rose to 42.8
million euros from 29.5 million a year ago. urn:newsml:reuters.com:*:nFWN1SI1EF
    
    BANCA INTERMOBILIARE  BIM.MI 
    The company said its first-quarter net loss widened to 6.4
million euros from a loss of 2 million euros a year
ago. urn:newsml:reuters.com:*:nFWN1SI1EK
    
    CARRARO  CARRA.MI 
    Annual general meeting (0900 GMT).
    
    FINTEL ENERGIA GROUP  FTL.MI 
    Board meeting on FY results.
    
    PININFARINA  PNNI.MI 
    Annual and extraordinary shareholders' meetings (0930 GMT)
and board meeting on Q1 results.
    
    AIR ITALY
    Officially presents first Boeing B737 Max with Chairman
Francesco Violante, Qatar Airways Group CEO Akbar Al Baker (0900
GMT).
    
    SOMEC  SOME.MI 
    Debuts on AIM segment.
    
    Board meetings on Q1 results: ACQUAFIL  ECNL.MI , AEROPORTO
DI BOLOGNA  ADB.MI , ANIMA HOLDING  ANIM.MI , ASCOPIAVE
 ASCI.MI , BANCA FINNAT  BFE.MI , B&C SPEAKERS  37B.MI  (0900
GMT), BIALETTI INDUSTRIE  BIA.MI , BIESSE  BSS.MI , CAD IT
 CAD.MI , CALEFFI  CLFF.MI  (revenues), CEMBRE  CEMB.MI , CONAFI
PRESTITO  COPR.MI , ENAV  ENAV.MI , ENERVIT  ENVT.MI , ERG
 ERG.MI , ESPRINET  PRT.MI , EUKEDOS  EUKE.MI , EUROTECH
 E5T.MI , FULLSIX  FUL.MI , GABETTI PROPERTY SOLUTIONS
 GABI.MI , GEFRAN  GFRN.MI  (0800 GMT), GIGLIO GROUP  GGTV.MI ,
GIMA TT  GIMA.MI , IRCE  IRC.MI  (1200 GMT), LANDI RENZO
 LR.MI , MARR  MARR.MI  followed by conference call, MONDO TV
 MTV.MI , PIRELLI  PIRC.MI , POLIGRAFICI PRINTING  POPR.MI ,
RATTI  RATI.MI , ROSETTI MARINO  YRM.MI , SARAS  SRS.MI 
followed by conference call (1330 GMT), SERVIZI ITALIA
 SERIT.MI , TAMBURI INVESTMENT PARTNERS  TIP.MI , TERNIENERGIA
 TRNI.MI , YOOX NET-A-PORTER  YNAP.MI , ZUCCHI GROUP  ZUCI.MI .
    
    Trade ex-dividend: AVIO  AVI.MI  of 0.38 euro per share;
BANCA FINNAT  BFE.MI  of 0,03 euro per share; BANCO DI SARDEGNA
 SARIn.MI  of 0.15 euro per saving share, of 0.30 euro per
preferred share, of 0.04 euro per ordinary share; CAIRO
COMMUNICATION  CAI.MI  of 0.10 euro per share; COVER 50  COV.MI 
of 0.50 euro per share; CREDITO EMILIANO  EMBI.MI  of 0.20 euro
per share; ESPRINET  PRT.MI  of 0.135 euro per ordinary share;
FALCK RENEWABLES  AA4.MI  of 0.053 euro per share; FINLOGIC
 FNL.MI  of 0.1481 euro per ordinary share; LUCISANO MEDIA GROUP
 LCMG.MI  of 0.05 euro per share; RENO DE MEDICI  RDM.MI  of
0.0031 euro per ordinary share and of 0.0245 euro per saving
share as preferred dividend; ROSETTI MARINO  YRM.MI  of 0.50
euro per share; ZIGNAGO VETRO  ZV.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/