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TI.A - Telecom Italia SpA News Story

$5.21 0.0  0.0%

Last Trade - 05/07/19

Sector
Telecoms
Size
Large Cap
Market Cap £9.66bn
Enterprise Value £32.74bn
Revenue £13.61bn
Position in Universe th / 6846

Italy - Factors to watch on July 11

Mon 11th July, 2016 5:00am
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 . 
     
    ECONOMY 
    ISTAT releases May industrial output (0800 GMT). 
    OECD releases May composite leading indicator (1000 GMT). 
     
    DEBT 
    Italy's Treasury said on Friday it would sell 5.5-7.5 
billion euros over four bonds at an auction on July 
13. urn:newsml:reuters.com:*:nI6N19M02L 
     
    COMPANIES 
     
    BANKS 
    The top EU court is likely to say later this month that the 
European Commission cannot use state aid rules to impose losses 
on private investors in a bank bailout, a ruling that would 
strengthen Italy and other countries in talks with 
Brussels. urn:newsml:reuters.com:*:nL8N19U22A 
    Newspapers all speculate that bank rescue fund Atlante will 
soon take on an additional role to soak up bad loans from Monte 
dei Paschi di Siena  BMPS.MI . Banks that contributed to Atlante 
earlier this year are unwilling to add more cash. Il Sole 24 Ore 
said state lender Cassa Depositi e Prestiti (CDP) could 
contribute 500 million euros, with a similar sum coming from 
Sga, the Banco di Napoli bad bank. Insurers, pension funds and 
possibly foreign banks operating in Italy might also chip in. 
         
    BANCA MONTE DEI PASCHI DI SIENA  BMPS.MI  
    In 1624, the Medici Grand Duke of Tuscany rushed to the 
defence of depositors of a bank that was by then already 152 
years old, Monte dei Paschi di Siena, guaranteeing their savings 
at a time of economic crisis. Nearly 400 years later, Italian 
Prime Minister and fellow Tuscan Matteo Renzi aims to do 
something similar as the world's oldest bank and Italy's 
third-largest lender again threatens the region's savers. 
 urn:newsml:reuters.com:*:nL8N19U17Y 
     
    RCS MEDIAGROUP  RCSM.MI , CAIRO COMMUNICATION  CAI.MI  
    The two rival bidders vying for RCS raised their bids on 
Friday in a last attempt to turn the tide in a long-running 
battle for control of the influential publisher. urn:newsml:reuters.com:*:nL8N19U4DD 
    Italy's antitrust authority on Friday gave its green light 
to the takeover offers launched on RCS by Cairo Communication 
and a consortium of RCS investors and Investindustrial.  
     
    TELECOM ITALIA  TLIT.MI  
    CK Hutchison Holdings and Vimpelcom are set to win EU 
antitrust approval for their deal to merge their rival Italian 
mobile network operators after agreeing concessions to help a 
new competitor, Iliad, break into the market, two people 
familiar with the matter said on Friday. urn:newsml:reuters.com:*:nL8N19U3IX 
    Swisscom's Italian broadband business Fastweb has called on 
the European Commission to review Iliad's proposal to create a 
fourth Italian mobile telecoms operator, Il Sole reported. 
Fastweb has questioned whether Iliad can guarantee the same 
level of investment and development that it had planned. 
     
     
    ENAV  IPO-ENAV.MI  
    Canadian, Australian and U.S. infrastructure funds, 
including Macquarie, AMP, Icg and Axim, are ready to buy into 
the forthcoming IPO of air traffic controller ENAV, Il Sole 24 
newspaper reported. The paper says ENAV will be protected twice 
over from unwelcome takeovers following the IPO. The company 
will be covered by the so-called "golden powers" that will let 
the government block hostile bids. In addition, voting rights 
will be frozen at a maximum 5 percent, regardless of the stake 
held by the investor. 
         
    ENEL  ENEI.MI  
    Amazon is in talks to buy three power stations from Italian 
utility Enel, including a nuclear power plant that never went 
into service, Corriere della Sera newspaper reported on 
Saturday. The paper said Amazon was looking for sites to 
construct a "server farm" for its cloud business. 
  
    A2A  A2.MI  
    Presents results and sustainability report with CEO Valerio 
Camerano, Chairman Giovanni Valotti (0730 GMT). 
     
    ASSITECA  ASSI.MI  
    Ordinary shareholders' meeting (1300 GMT). 
     
    PININFARINA  PNNI.MI  
    PF Holdings B.V. starts mandatory offer on Pininfarina 
shares as part of acquisition of the car designer; ends on July 
29. 
     
    UNICREDIT  CRDI.MI  
    Ordinary board meeting. 
     
    ((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/JULY 11
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