Italy - Factors to watch on May 2
02/05/2016 07:26
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 .
GENERAL
Florence, "Italy-Japan Summit", Italian Prime Minister
receives Japanese PM Shinzo Abe (0920 GMT).
ECONOMY
Markit/ADACI releases April PMI manufacturing (0745 GMT).
Transport Ministry releases April car sales data (1600 GMT).
April state sector borrowing requirement data.
COMPANIES
BANKS
Italian Prime Minister Matteo Renzi's government on Friday
passed a decree to speed up the recovery of unpaid credit in a
banking system saddled with billions of euros in bad loans.
urn:newsml:reuters.com:*:nL5N17W7L4
Italy's banks have too many people working for them, Pier
Carlo Padoan told La Repubblica on Sunday.
(*) INTESA SANPAOLO ISP.MI
Italy's biggest retail bank said on Monday it has signed a
deal to sell its payments units Setefi and Intesa Sanpaolo Card
to private equity firms Advent, Bain Capital and Clessidra in a
deal worth 1.035 billion euros ($1.2 billion). I6N17N01O
(*) BANCA POPOLARE VICENZA IPO-BPVS.MI , MEDIOBANCA MDBI.MI
Italy's newly-created bank rescue fund Atlante is set to own
at least 92 percent of Banca Popolare di Vicenza after investors
took up a fraction of the lender's 1.5 billion euro cash call,
the bank said on Saturday. urn:newsml:reuters.com:*:nL5N17X0O2
Mediobanca has subscribed to 5 percent of Popolare Vicenza's
capital hike, a source told Reuters.
FIAT CHRYSLER FCAU.N FCHA.MI
Google and Fiat Chrysler Automobiles NV are close to
agreeing on a partnership that could break boundaries between
Silicon Valley and the auto industry in the race to develop
self-driving cars, people familiar with the discussions said on
Friday. urn:newsml:reuters.com:*:nL2N17W21J
(*) FIAT CHRYSLER FCHA.MI FCAU.N , RCS MEDIAGROUP RCSM.MI
The car maker said on Sunday the demerger relating to
ordinary shares in RCS MediaGroup held by Fiat became effective
on May 1. Holders of Fiat Chrysler shares will be entitled to
0.067746 ordinary shares of RCS MediaGroup for each common share
in the car maker, it said. urn:newsml:reuters.com:*:nBIA01256
RCS MEDIAGROUP RCSM.MI , MEDIOBANCA MDBI.MI
Mediobanca is working on a counter cash bid on the
publishing group to that of Cairo group, La Repubblica said. The
investment bank is working on putting together a consortium but
there are still some doubts if it will make it, the paper said.
BANCA POPOLARE DI MILANO PMII.MI , BANCO POPOLARE BAPO.MI
The two cooperative lenders will send their new business
plan for their merger to the European Central Bank mid-May, Il
Sole 24 Ore said on Sunday.
The shareholders of Pop Milano appointed Nicola Rossi as
chairman at an AGM on Saturday.
ENEL ENEI.MI
State Grid Corp, China Three Gorges Corp and Italy's Enel
have placed bids for a 16 percent stake in Brazilian renewable
energy company Renova Energia SA, which needs fresh capital
following a failed asset sale last year, three sources with
direct knowledge of the matter said on Friday. urn:newsml:reuters.com:*:nL2N17X017
LUXOTTICA LUX.MI
The Ray-Ban maker confirmed its revenue goal for 2016 after
sales growth eased at the start of the year, hit by a drop in
tourist numbers and weaker emerging markets currencies.
urn:newsml:reuters.com:*:nL5N17W745
BANCA CARIGE CRGI.MI
The Italian banksaid on Friday its board had rejected an
offer by U.S. fund Apollo Global Management to buy a controlling
stake in the lender by acquiring the bulk of a 550-million euro
share issue. urn:newsml:reuters.com:*:nI6N17N01J
RISANAMENTO RN.MI
The tender to buy the Sky towers of Risanamento has been
extended by two weeks to mid-May, Il Sole 24 Ore said on
Saturday. Deutsche Bank and Axa have faded but other groups like
Coima, Cerberus, Starwood Capital and Morgan Stanley are oin the
fray, it said.
ENAV IPO-ENAV.MI
The IPO of 49 percent of the flight control group,
originally planned for mid-June, will not take place before July
because of the Brexit referendum, Il Sole 24 Ore said on
Saturday.
FCA FCHA.MI
Presents new Fiat Tipo five-door model and Station Wagon in
Turin (0830 GMT).
FERRARI NV RACE.MI
Board meeting on Q1 results; followed by conference call
(1600 GMT).
PIAGGIO PIA.MI
Board meeting on Q1 results.
Trade ex-dividend: Aeroporto di Bologna ADB.MI of 0.17
euro per share; Banca Profilo PRO.MI of 0.006 euro per share;
B&C Speakers 37B.MI of 0.35 euro per share; Beni Stabili
BNSI.MI of 0.024 euro per share; BIO-ON ON.MI of 0.144 euro
per share: Centrale Latte Torino CLT.MI of 0.06 euro per
share; Cofide COFI.MI of 0.014 euro per share; Gruppo
Mutuionline MOL.MI of 0.15 euro per share; Leone Film Group
LFG.MI 0.09 euro per share; Maire Tecnimont MTCM.MI 0.047
euro per share; Saes Getters SAEI.MI of 0.380000 euro per
ordinary share and 0,396626 euro per saving share; SAVE
SAVE.MI 0.5421 euro per share; Triboo Media TBMA.MI of
0.12750 euro per share; Valsoia VALS.MI of 0.55 euro per
share; Vittoria Assicurazioni VITI.MI of 0.20 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/MAY 2