Italy - Factors to watch on July 29
29/07/2019 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
Istat, Industry and Construction Producer Prices June
(10,00).
DEBT
Treasury sells 6.5 billion 6-month BOT bills. Subscriptions
close at 0900 GMT.
COMPANIES
TELECOM ITALIA (TIM) TLIT.MI , INWIT INWT.MI
Italy's biggest phone group and rival Vodafone VOD.L
agreed on Friday to merge their mobile tower infrastructure and
to jointly roll out 5G in Italy. urn:newsml:reuters.com:*:nL8N24R54B
BANCA CARIGE CRGI.MI
State-owned bank Credito Sportivo will underwrite 20 million
euros out of a 200 million euros convertible bonds, which will
be issued by Banca Carige as part of its rescue plan, a source
with knowledge of the matter said on Friday.
Italy's Depositor protection fund and Cassa Centrale Banca
are expected to reach a final agreement for the rescue of Carige
on July 30, Il Messaggero said on Saturday adding the European
Central Bank so far has not opposed the plan.
Cassa Centrale Banca will have a call option to buy 90%
Carige from Italy's depositor protection fund in the next 18
months with a discount of 50 percent over the stock price,
Milano Finanza said on Saturday. The daily also said that the
Malacalza family, Carige's top shareholder, had still to decide
whether to buy into the lender's rights issue.
FINCANTIERI FCT.MI
In an interview with Corriere della Sera on Saturday,
Fincantieri CEO Giuseppe Bono threatened to resign if the
government would not approve a joint venture with France's Naval
Group in military shipbuilding.
In the interview Bono criticised the European Antitrust for
being slow and blocking the creation of European industrial
champions. He said, however, he expected Brussels to approve
Fincantieri's acquisition of France's Chantiers de l'Atlantique.
A2A A2.MI , IREN IREE.MI
Creditor banks that own Sorgenia will short list investors
interested in buying the Italian energy company by the end of
July, the CEO of Sorgenia told Corriere della Sera on Sunday.
Italian utilities A2A and IREN are among prospective buyers for
Sorgenia.
ATLANTIA ATL.MI , ALITALIA CAITLA.UL
A draft plan for the re-launch of Alitalia envisages the
break-even for the carrier in 2021. The airline is expected to
swing back to profit in 2022, Il Messaggero reported on Sunday.
TENARIS TENR.MI
Shareholders' meeting on delisting from Argentina's stock
exchange (0900 GMT).
BREMBO BRBI.MI
Ordinary shareholders' meeting (0700 GMT) and board meeting
on H1 results (0730 GMT) followed by conference call (1200 GMT).
PIQUADRO PQ.MI
Trades ex-dividend of 0.08 euro per share.
Board meetings on H1 results: ITALGAS IG.MI (press release
on July 30), ANIMA ANIM.MI , INWIT INWT.MI followed by
conference call, CALTAGIRONE EDITORE CED.MI , CIR CIRX.MI
(0800 GMT), COFIDE COFI.MI (1300 GMT), MOLMED MLMD.MI , NEXI
NEXII.MI .
DIARY
...
((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/