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TIT - Telecom Italia SpA News Story

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Last Trade - 4:38pm

Sector
Telecoms
Size
Large Cap
Market Cap £5.71bn
Enterprise Value £28.97bn
Revenue £13.72bn
Position in Universe 52nd / 730

Italy - Factors to watch on Feb. 1

Mon 1st February, 2021 6:00am
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
    Matteo Renzi, who triggered Italy's political crisis this
month by pulling his Italia Viva party out of the ruling
coalition, would like to see former European Central Bank chief
Mario Draghi become prime minister, a party source said on
Sunday.  urn:newsml:reuters.com:*:nL1N2K606D
    
    CORONAVIRUS
    Italy said on Friday it would ease coronavirus restrictions
across much of the country from Monday, despite warnings from
health experts that the move was risky given concern over the
spread of more contagious variants.  urn:newsml:reuters.com:*:nL8N2K477O
    Italy on Saturday extended by a further fortnight the
suspension of flights from Brazil, Health Minister Roberto
Speranza said.  urn:newsml:reuters.com:*:nL8N2K508F
    Italy's medicines regulator AIFA said on Saturday it had
approved the use of the COVID-19 vaccine produced by AstraZeneca
 AZN.L  and Oxford University, a day after the green light by
the European Medicines Agency (EMA).  urn:newsml:reuters.com:*:nL1N2K50C6
    Italy reported 237 coronavirus-related deaths on Sunday,
down from 421 the day before, the health ministry said, while
the daily tally of new infections was equal to 11,252 compared
with 12,715 on Saturday.  urn:newsml:reuters.com:*:nL8N2K60E2
    
    ECONOMY
    IHS Markit releases January PMI manufacturing (0845 GMT).
    ISTAT releases December unemployment rate data (0900 GMT).
    Transport Ministry releases January car sales data (1700
GMT).
    January state sector borrowing requirement data.
    Italy's business lobby Confindustria said on Saturday it
expected to revise down its growth estimate for the economy in
2021 despite a rebound projected from the second half of the
year.  urn:newsml:reuters.com:*:nL8N2K5099
    
    COMPANIES
    MONTE DEI PASCHI  BMPS.MI 
    Italy's Treasury is working to halve 10 billion euros in
legal claims facing the troubled lender by dismissing some and
settling others, including 3.8 billion euros in requests from
the bank's former top investor, sources close to the matter
said.  urn:newsml:reuters.com:*:nL8N2K4332
    
    AUTOGRILL  AGL.MI  
    The caterer is looking at possible growth opportunities,
including through M&A, both in the United States and in Europe,
CEO Gianmario Tondato da Ruos told Il Corriere della Sera on
Sunday. The group could also consider divesting assets that are
valued highly by the market, Tondato added.
    In a document published on Friday, the group said that the
company's liquidity, comprising cash and available credit lines,
amounted to approximately 600 million euros at the end of last
year. 
    
    ENI  ENI.MI 
Eni CEO Claudio Descalzi met the Ruler of Sharjah and  member of
the Supreme Council of the United Arab Emirates on Sunday.
Besides Eni's oil business in there, they discussed future
opportunities regarding the energy transition and renewable
energy projects, an increasingly strategic area for Eni in the
Middle East.
    
    UNICREDIT  CRDI.MI 
    The track-record, the international profile and the
experience of CEO-designated Andrea Orcel makes him the right
person to develop a new path for the lender, Chairman Cesare
Bisoni told Milano Finanza in an interview published on
Saturday, reiterating that capital distribution remained a
priority and that the board would never approve any M&A
operation that would not be in the interest of the group and its
shareholders. 
    The Delfin holding company of eyewear magnate Leonardo Del
Vecchio could indirectly present a candidate in the slate which
will be presented for the board renewal, in order to more
closely monitor the bank's new strategies, Milano Finanza said
in a separate report.
    UniCredit may examine a tie-up with Monte dei Paschi
 BMPS.MI  without political pressure, on the basis of the
project's industrial feasibility and if it does not involve too
high a social price. This is Orcel's position according to a
report published by Il Messaggero on Sunday.     
   
    BANCO BPM  BAMI.MI 
    The possibility that UniCredit's CEO-designated Andrea Orcel
considers a three-way merger with Banco BPM and Monte dei Paschi
 BMPS.MI  could hasten talks for a merger between Banco BPM and
BPER  EMII.MI , Il Messaggero reported on Sunday. 
    
    ANIMA HOLDING  ANIM.MI 
    The asset manager is interested at tie-ups that could
increase its size, Il Sole 24 Ore reported on Sunday, adding
investors are betting on a merger with Arca SGR.
        
    CATTOLICA  CASS.MI , BANCO BPM  BAMI.MI 
    The insurer and Italy's third-largest bank have decided to
press forward with negotiations to find an agreement over a
dispute regarding their insurance joint-ventures, Il Sole 24 Ore
reported on Saturday. Although the groups had set a deadline for
end-January, a shared solution has not been found but the choice
of an arbitration has been shelved for the moment.
    
    MEDIASET  MS.MI 
    Germany's Bertelsmann has approached potential bidders
including French media giant Vivendi and Altice Europe about
selling its controlling stake in French broadcast group M6,
sources close to the matter told Reuters, adding Italy's
Mediaset was also been approached.  urn:newsml:reuters.com:*:nL1N2K42BL
    
    ATLANTIA  ATL.MI 
    The EU Commission has asked Italy to explain the
introduction of new rules in relation to its handling of a
dispute with the infrastructure group, after complaints from the
company's minority shareholders.  urn:newsml:reuters.com:*:nL1N2K40ZP
    
    TELECOM ITALIA  TLIT.MI 
    The phone group said on Friday it had filed with national
communications regulator AGCOM its co-investment plan for the
roll-out of the secondary fibre optic access network, which is
expected to reach over 1,600 municipalities across the country
by 2023. The project is open to all market operators, who can
decide to join the project even for smaller areas rather than
the entire project, the statement said.
    
    GEOX  GEO.MI 
    The Italian shoemaker expects a gradual return to normality
and a recovery of its business in the second half of the year as
temporary store closures are still set to impact the first
months of 2021, it said on Friday.  urn:newsml:reuters.com:*:nL8N2K4714
    
    RECORDATI  RECI.MI 
    The drugmaker said on Friday it had obtained a licence to
commercialize the Eligard, a drug to treat prostate cancer, in
Europe and other countries including Turkey and Russia.
 urn:newsml:reuters.com:*:nFWN2K41JU  urn:newsml:reuters.com:*:nBIA8zShvC
    
    BUZZI UNICEM  BZU.MI 
    Trades ex-dividend of 0.75 euro per ordinary share as
extraordinary dividend.
    
    JUVENTUS FC  JUVE.MI 
    Federico Chiesa's first-half goal and a stoppage-time Aaron
Ramsey finish earned Juventus a 2-0 victory at Sampdoria in
Serie A on Saturday, with the win sending Andrea Pirlo's side
third in the standings.  urn:newsml:reuters.com:*:nL1N2K50ES
    
    AS ROMA  ASR.MI 
    Italy international Stephan El Shaarawy has returned to AS
Roma after leaving Chinese side Shanghai Shenhua, the Serie A
club announced on Saturday.  urn:newsml:reuters.com:*:nL1N2K50CA
    
    ((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/
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