Italy - Factors to watch on May 11
11/05/2017 05:00
The following factors could affect Italian markets on Thursday.
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
Milan, Eni ENI.MI CEO Claudio Descalzi and Prime Minister
Paolo Gentiloni meet students at "Energy and the Future of
Italy" conference (1330 GMT).
ECONOMY
Italy has this week formally asked the European Commission
to allow it to require country of origin labels on pasta sold
there, raising alarms for Canadian durum wheat exporters who
fear the move will dampen sales. urn:newsml:reuters.com:*:nL1N1IC17L
Bari, G7 Finance summit starts, ends on May 13.
Rome, conference on "Spending Review and Public Debt" with
IMF Executive Director Carlo Cottarelli (0900 GMT).
DEBT
Treasury sells 2.0-2.5 billion euros 0.35 percent BTP bonds
due June 15, 2020; 1.75-2.25 billion euros 1.85 percent BTP
bonds due May 15, 2024; 1.75-2.5 billion euros both BTP bonds
2.7 percent due March 1, 2047 and 4,75 percent Sept. 1, 2044.
Subscriptions close at 0900 GMT.
COMPANIES
MEDIOBANCA MDBI.MI
The merchant bank posted on Wednesday a larger-than-expected
39 percent rise in net profit for the first nine months, helped
by higher investment banking and wealth management fees as well
as rising net interest income. urn:newsml:reuters.com:*:nI6N1HZ01A
A company slide said that the bank is continuing to hunt for
possible acquisitions in the wealth management and specialty
finance sectors. urn:newsml:reuters.com:*:nI6N1AK03C
Chief Executive Alberto Nagel told a media call he may
consider slightly increasing the dividend payout in the current
financial year if capital allows it and depending on M&A
opportunities. urn:newsml:reuters.com:*:nI6N1AK03F
Conference call on Q3 results (0630 GMT).
POSTE ITALIANE PST.MI
The group said on Wednesday revenue fell 2.3 percent in the
first quarter as a result of shrinking turnover at its insurance
and banking divisions. Its mail delivery business was also
negative in the period. urn:newsml:reuters.com:*:nFWN1IC131
Its newly-appointed CEO Matteo Del Fante said he aims to
present new business plan by year-end or beginning of 2018 at
the latest.
The group said it has booked around 400 million euros of
capital gains on government bonds in Q1. urn:newsml:reuters.com:*:nL8N1IC7IS
BRUNELLO CUCINELLI BCU.MI
The Italian luxury group said on Wednesday it expects
double-digit growth in profits and revenues this year after
posting a 10 percent growth in first-quarter sales. urn:newsml:reuters.com:*:nFWN1IC0ZJ
PRYSMIAN PRY.MI
The world's largest cable maker, is studying several
acquisitions including a possible transformational deal, Chief
Executive Valerio Battista said on Wednesday. urn:newsml:reuters.com:*:nL8N1IC82B
TELECOM ITALIA TLIT.MI
The group denied on Wednesday press reports saying that it
could sell its stake in broadcasting company Presider as part of
Concessions made by its shareholder Vivendi to the Eu
Commission. urn:newsml:reuters.com:*:nL8N1IC86F
UNICREDIT CRDI.MI
The lender said on Wednesday it reached an agreement to sell
a non-performing-loan portfolio with a gross book value of
around 500 million-euros.
Releases Q1 results (before Bourse opening), followed by
conference call (0800 GMT).
UBI BANCA UBI.MI
The lender said on Wednesday it had finalised the
acquisition of three small banks, Banca Marche, Banca Etruria
and CariChieti. urn:newsml:reuters.com:*:nL8N1IC856
Conference call on Q1 results (1300 GMT).
ASSICURAZIONI GENERALI GASI.MI
Releases Q1 results, followed by conference call (1000 GMT).
UNIPOL UNPI.MI and UNIPOLSAI US.MI
Rreleases Q1 results, expected conference call (before
Bourse opening), followed by conference call (0900 GMT).
BANCO BPM BAMI.MI
Board meeting on Q1 results, followed by conference call
(1630 GMT).
BANCA MEDIOLANUM BMED.MI
"Mediolanum Business Forum" with Chairman Ennio Doris, CEO
Massimo Doris, Eataly founder Oscar Farinetti in Milan (0800
GMT).
IL SOLE 24 ORE S24.MI
Employers' association Confindustria expected to hold
General Council meeting in Rome on the publisher's capital
increase.
NEUROSOFT NRST.MI
Board meeting on FY results (0830 GMT).
SOL SOLS.MI
Board meeting on Q1 results and annual general meeting (0900
GMT).
STMICROELECTRONICS STM.MI
'Capital Markets Day' (0800 GMT) in London.
WHIRLPOOL WHR.N
Whirlpool Emea inaugurates new headquarter with Whirlpool
EMEA President and Whirlpool Corporation Deputy President Esther
Berrozpe Galindo, Italian Prime Minister Paolo Gentiloni in Pero
(1430 GMT).
ANSALDO STS STS.MI
Annual general meeting (0900 GMT).
AVIO AVI.MI
Board meeting on Q1 results.
ARNOLDO MONDADORI EDITORE MOED.MI
Board meeting on Q1 results, followed by conference call.
BANCA IFIS IF.MI
Board meeting on Q1 results, followed by conference call.
BANCA INTERMOBILIARE BIM.MI
Board meeting on Q1 results.
BANCA POPOLARE DI SONDRIO BPSI.MI
Board meeting on Q1 results.
BANCA PROFILO PRO.MI
Board meeting on Q1 results.
BANCO DESIO DESI.MI
Board meeting on Q1 results.
BREMBO BRBI.MI
Board meeting on Q1 results (0730 GMT).
CEMENTIR CEMI.MI
Board meeting on Q1 results.
CREDITO EMILIANO EMBI.MI
Board meeting on Q1 results.
ENEL ENEI.MI
Board meeting on Q1 results, press release on May 12.
ERG ERG.MI
Board meeting on Q1 results, press release on May 12.
FINCANTIERI FCT.MI
Board meeting on Q1 results.
IREN IREE.MI
Board meeting on Q1 results.
MASSIMO ZANETTI MZB.MI
Board meeting on Q1 results, followed by conference call.
PRELIOS PCRE.MI
Board meeting on Q1 results.
RAI WAY RWAY.MI
Board meeting on Q1 results, followed by conference call.
((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 11