Italy - Factors to watch on October 3
03/10/2014 07:24
The following factors could affect Italian markets on Fri.
Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
ECONOMY
Markit/ADACI releases September service PMI data (0745 GMT).
COMPANIES
FIAT FIA.MI
The carmaker has no need for a capital increase to fund its
ambitious five-year growth plan, Chief Executive Sergio
Marchionne said on Thursday. ID:nL6N0RX3OE
The next-generation Jeep Wrangler may be built from
aluminium rather than steel in a move that would shift its
production away from the Toledo plant in the U.S. state of Ohio,
the head of parent Fiat Chrysler Automobiles (FCA) said on
Thursday. ID:nL6N0RX5ME
UNICREDIT CRDI.MI
UniCredit Bank Austria has sold its 16-percent stake in
Austrian property firm CA Immobilien to a private holding
company based in Cyprus, in a 295 million-euro deal, CA
Immobilien said on Thursday. ID:nL6N0RX58I
GENERALI GASI.MI
Paolo Scaroni, the former CEO of Italian oil major Eni, has
resigned as independent board member of Italy's biggest
insurance group Assicurazioni Generali, the insurer said on
Thursday. ID:nL6N0RX5P2
Allianz appointed long time Generali executive Sergio
Balbinot to the board for a four year term starting on Jan 1,
2015. Balbinot will be in charge of Allianz's insurance business
in France, Benelux, Italy, Greece and Turkey. ID:nL6N0RX31T
ENEL ENEI.MI
Chinese companies are interested in buying the Romanian and
Slovakian power assets that Enel is looking to sell to cut its
debt, the utility's CEO said on Thursday. ID:nL6N0RX48A
TELECOM ITALIA TLIT.MI
Italian European Presidency, Telecommunications ministers'
informal meeting ends in Milan; news conference with EU
Commissioner for the Digital Agenda Neelie Kroes and Deputy
Economic Development Minister Antonello Giacomelli (1130 GMT).
* Italian market regulator Consob is looking into the "origin
of the rumours" regarding the interest of Sol Trujillo for the
Italian telecoms incumbent, Il Sole 24 Ore said.
* FINMECCANICA SIFI.MI
On Monday Finmeccanica's CEO will present a restructuring of
the defense group and could suggest a change of name, Corriere
della Sera said.
* UBI BANCA UBI.MI
Banca Carige CRGI.MI and Banca Popolare di Milano could be
possible targets for UBI Banca, La Stampa said, after its head
said on Thursday said the bank was in a good position to be a
consolidator if the sector consolidated.
* PIRELLI PECI.MI
Chairman of the company Marco Tronchetti Provera told
several newspapers Russia remained a strategic market for
Pirelli which planned to invest further in the country and was
not worried by the current situation.
PIAGGIO PIA.MI
Standard & Poor's said on Thursday it had cut its long-term
rating on Italian motorcycle and scooter maker Piaggio PIA.MI to
'B+' from 'BB-' on a worsening operating performance.
ID:nI6N0RA01W
WORLD DUTY FREE WDF.MI
Italian airport retailer World Duty Free said on Thursday it
had agreed a 6-1/2-year extension of its retail contract with
London Heathrow Airport, which last year generated more than 20
percent of the company's revenues. ID:nL6N0RX527
INDESIT IND.MI , WHIRLPOOL WHR.N
Indesit said on Thursday its board had appointed Banca Imi,
UniCredit and Rothschild as advisor for the compulsory takeover
bid that will be launched after Whirlpool buys a majority stake.
* RISANAMENTO RN.MI
The CEO of the real estate company plans to press ahead with
a delisting of the group, Il Messaggero said.
((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/OCTOBER 3