Italy - Factors to watch on July 30
30/07/2018 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
A referendum on whether Italy should leave the euro currency
is not in the governing coalition's contract and will not be
pursued, Deputy Prime Minister and leader of the 5-Star Movement
Luigi Di Maio said in a published interview. urn:newsml:reuters.com:*:nL5N1UP08N
ECONOMY
Assogestioni expected to release June fund flows data.
DEBT
Treasury sells BTP and CCTeu bonds. Subscriptions close at
0900 GMT.
COMPANIES
MEDIASET MS.MI
The private broadcaster said on Friday its advertising
revenues in Italy in the months between January and June rose 4
percent year-on year, lifted by the World Cup, despite posting a
43 percent drop in first-half net profit. urn:newsml:reuters.com:*:nFWN1UN1A9
The company said first-half revenues from the pay-TV
business fell to 267.1 million euros from 299.7 million euros, a
slide showed. urn:newsml:reuters.com:*:nS8N1LF02L
Chief Financial Officer Marco Giordani said he expected
performance in the second half of the year to be "certainly
better" than in the first six months, also due to the agreement
with Sky. urn:newsml:reuters.com:*:nS8N1LF02M
Giordani added that cash available at year-end would be
distributed if no investments under discussion at the
time. urn:newsml:reuters.com:*:nS8N1LF02N
Mediaset said the deal with Perform's DAZN would help retain
pay-TV customers without any cost. urn:newsml:reuters.com:*:nS8N1LF02O
The broadcaster said it had terminated the contract with
Fedele Confalonieri as an employee and manager but the latter
would remain chairman of the company.
AUTOGRILL AGL.MI
The Italian travel caterer cut its outlook for this year
after restructuring charges and higher labour costs in North
America dented its first-half results. urn:newsml:reuters.com:*:nL5N1UN4Z4
FIAT CHRYSLER FCHA.MI
Italy's market regulator Consob is carrying out routine
checks on Fiat Chrysler's share price performance and the way
the company informed the market about the health crisis of its
former CEO Sergio Marchionne, two sources close to the watchdog
said on Friday. urn:newsml:reuters.com:*:nL5N1UN6RN
The carmaker has called a shareholder meeting for Sept. 7 to
vote on the proposed appointment of Michael Manley as executive
director. urn:newsml:reuters.com:*:nFWN1UN1GS
Various papers name Pietro Gorlier, head of parts maker
Magneti Marelli, as a serious contender to succeed Alfredo
Altavilla as head of the Europe, Middle East and Africa region.
FERRARI RACE.MI
Ferrari are well placed to keep pushing in Formula One
without late chairman Sergio Marchionne, even if his shoes are
impossible to fill, Mercedes team boss Toto Wolff said on
Friday. urn:newsml:reuters.com:*:nL4N1UN4YC
The company has called a shareholder meeting for Sept. 7 to
vote on the proposed appointment of Louis Camilleri as executive
director. urn:newsml:reuters.com:*:nFWN1UN1GU
INTESA SANPAOLO ISP.MI
The lender is seeking to sell a portfolio of 250 million
euros worth of non-performing loans related to photovoltaic
plants in Italy, Il Sole 24 Ore said on Saturday, adding the
deal had attracted interest from financial parties and groups
specialised in renewable energy. The paper names Luxemburg-based
WRM and U.S. fund Fortress as possible interested parties.
Another deal on Intesa's table is the sale of a 250
million-euro portfolio of unlikely to pay loans, the paper
added.
FINCANTIERI FCT.MI
The ship building company would be interested in
ThyssenKrupp's submarine unit if the German company decided to
sell it, Fincantieri's CEO Giuseppe Bono told analysts on a
post-results call, according to Il Sole 24 Ore on Saturday.
LEONARDO LDOF.MI
Board meeting on H1 results.
HERA HRA.MI
Board meeting on H1 results.
SARAS SRS.MI
Board meeting on H1 results, followed by conference call
(afternoon).
TREVI TFI.MI
The company said on Saturday its board had met to evaluate
the binding offer presented by Bain Capital Credit (BCC)
regarding Trevi's equity and debt restructuring and identified
some elements "to be further explored". The board has given a
mandate to Chief Restructuring Office Sergio Iasi to verify
whether the offer can be improved and whether conditions exist
to engage in exclusive talks with BCC and start negotiations.
The board has also decided to suspend the payment of interest on
a bond issued on July interest on the bond issued on July 28,
2014.
ITALGAS IG.MI
Board meeting on H1 results, press release on July 31.
PIQUADRO PQ.MI
Trade ex-dividend of 0.06 euro per share.
Board meeting on H1 results: CALTAGIRONE EDITORE CED.MI ,
CERVED GROUP CERV.MI followed by conference call, MOLMED
MLMD.MI .
Extraordinary shareholders' meeting: CALEIDO GROUP CALG.MI
(0800 GMT), KI GROUP KI.MI (0900 GMT).
M&A, ALITALIA
The airline's consolidated net loss stood at 315.2 million
euros in the first six months of the year, down from a loss of
527.6 million euros in the same period last year, Il Sole 24 Ore
said on Saturday, citing an internal document.
((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/