Italy - Factors to watch on June 12
12/06/2017 07:55
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 will not hold elections until the natural end of the
legislature in spring next year, former Prime Minister Matteo
Renzi, who leads the ruling Democratic Party (PD), said on
Saturday. urn:newsml:reuters.com:*:nL8N1J70BD
Italy's maverick 5-Star Movement looked set to suffer a
severe setback in local elections on Sunday, failing to make the
run-off vote in almost all the main cities up for grabs, early
results and exit polls said. urn:newsml:reuters.com:*:nL8N1J8024
ECONOMY
ISTAT releases April industrial output (0800 GMT) and
January-March Italian region export data (0900 GMT).
OECD releases April composite leading indicator (1000 GMT).
DEBT
Treasury sells 6.5 billion euros 12-month BOT bills.
Subscriptions close at 0900 GMT.
COMPANIES
MEDIASET MS.MI , TELECOM ITALIA TLIT.MI
Italy's Serie A soccer league said on Saturday it was
launching a new tender for television rights to transmit matches
for the seasons from 2018-2021 after private broadcaster
Mediaset made no bid in the original tender. urn:newsml:reuters.com:*:nL8N1J70I6
TIM on Sunday denied press reports that it had considered
participating in the tender in partnership with other groups.
MONTE DEI PASCHI DI SIENA BMPS.MI
The private equity funds negotiating the purchase of some of
the Tuscan bank's bad loans are now pushing to pay less than the
level of 20-21 percent of the loans' gross book value that was
agreed with the European Central Bank, financial daily Il Sole
24 Ore wrote on Sunday.
BANCA CARIGE CRGI.MI
The board of regional Italian lender Banca Carige on Friday
approved a no-confidence motion against Chief Executive Officer
Guido Bastianini in a move that analysts said may delay the
bank's restructuring plan. urn:newsml:reuters.com:*:nL8N1J657R
Carige's chairman Giuseppe Tesauro told financial daily Il
Sole 24 Ore on Sunday that he expected a new CEO to be named
"within days" and, after a conference call with the European
Central Bank, ruled out that Carige could be put into special
administration.
ENI ENI.MI
Eni will start commercial oil and gas production at its
Sankofa field off the coast of Ghana in July, three months ahead
of schedule, project partners said on Friday. urn:newsml:reuters.com:*:nL8N1J45SE
CEO Claudio Descalzi said on Sunday on the sidelines of a G7
environment meeting in Bologna that chemical unit Versalis and
the retail gas & power business are not for sale. urn:newsml:reuters.com:*:nL8N1J80ON
BANCO BPM BAMI.MI
Algebris Investments reached an agreement to buy
non-performing loans with a face value of about 750 million
euros from Italian lender Banco BPM SpA, Bloomberg said on
Friday, citing people with knowledge of the matter. urn:newsml:reuters.com:*:nL3N1J64K7
POPOLARE DI VICENZA, VENETO BANCA
The chief executive of UniCredit CRDI.MI , Italy's biggest
bank by assets, said on Sunday he was confident a solution for
the country's two ailing Veneto-based lenders would be found
with the help of other domestic banks. L8N1J80U0
Bank of Italy Governor Ignazio Visco told Corriere della
Sera in an interview on Sunday that he expected a satisfactory
solution to be found for the problems of Popolare di Vicenza and
Veneto Banca, which risk being wound down.
"I am confident that we will soon reach a solution in line
with EU rules and the need for financial stability and
safeguarding savings," he told the newspaper.
(*) LUXOTTICA LUX.MI
The European Commission is not expected to pose a hurdle to
the planned merger of the Italian eyewear group with French lens
maker Essilor ESSI.PA as the two companies have very little
overlap, Essilor CEO Hubert Sagnieres told the Financial Times
in an interview on Monday. He also said it would take
Essilor-Luxottica some time to produce connected glasses.
(*) SOGEFI SGFI.MI
The car parts maker could consider a "sort of arbitrage"
between the company's various business units if an opportunity
arose, but wants to focus on completing its turnaround before
considering any extraordinary moves, Chairman Monica Mondardini
told Corriere della Sera's L'Economia insert when asked about
possible M&A.
ELETTRA INVESTIMENTI ELIN.MI
'Investor Day' on 2017-2020 development plan (0900 GMT).
PININFARINA PNNI.MI
Starts capital increase, ends on June 30.
The reference price rectified for the capital increase has
been set at 2.188 euros, according to the Italian bourse.
PIQUADRO PQ.MI
Board meeting on FY results.
UBI BANCA UBI.MI
Starts capital increase; ends on June 27.
The company said on Friday that market regulator Consob had
approved the prospectus for the bank's capital increase.
The reference price rectified for the capital increase has
been set at 3.358 euros, according to the Italian bourse.
CREDITO EMILIANO EMBI.MI
Moody's has downgraded the company's long-term deposit
ratings to 'Baa1' from 'A3'. urn:newsml:reuters.com:*:nMDY91rMpv
Trade ex-dividend: FNM FNMI.MI of 0.017 euro per share;
OVS OVS.MI of 0.15 euro per 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/
Keywords: ITALY FACTORS/JUNE 12