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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 12

Tue 12th July, 2016 5:00am
The following factors could affect Italian markets on Tuesday. 
    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 
    Prime Minister Matteo Renzi meets Milan Mayor Giuseppe Sala. 
    A referendum on Italian constitutional reform planned for 
the autumn will be held on either Oct. 9 or Nov. 6, the prime 
minister said on Monday. urn:newsml:reuters.com:*:nL8N19X4JT 
     
    ECONOMY 
    Bank of Italy releases May data on bank lending and domestic 
government bond holdings at Italy-based banks. 
         
    DEBT 
    Treasury sells 6.5 billion euros of 12-month BOT bills.  
     
    COMPANIES 
    ITALIAN BANKS 
    Italy's troubled banks do not represent an acute crisis and 
bailing out lenders will have an impact on private investors, 
the leader of euro zone finance ministers said on Monday, 
reacting to Rome's plans to back its banking sector with state 
aid. urn:newsml:reuters.com:*:nL8N19X44M 
    Earlier, Italian Prime Minister Matteo Renzi said an 
agreement to safeguard Italy's struggling banks within European 
Union rules is within reach.  urn:newsml:reuters.com:*:nL8N19X4J3 
    Italy's treasury aims to approve a decree offering banks a 
state guarantee to help them sell their bad loans by the 
beginning of August, a source close to the matter said on 
Monday.  urn:newsml:reuters.com:*:nI6N19M02R 
    The first sale of a bad loan portfolio backed by an Italian 
state guarantee scheme is ready and could be launched in the 
next few weeks, one of the advisors said on Monday.  urn:newsml:reuters.com:*:nL8N19U2E5 
         
    UNICREDIT  CRDI.MI , FINECOBANK  FBK.MI  
    UniCredit's board on Monday approved the launch of a 
strategic in-depth review under its new chief executive as it 
seeks to boost its capital position and improve profitability. 
    The bank said separately it had launched a placement of up 
to 10 percent of online broker FinecoBank via an accelerated 
bookbuilding to institutional investors.  urn:newsml:reuters.com:*:nL8N19X4LD 
    Unicredit's CEO said the lender is working with Spain's 
Banco Santander to find a solution to progress with the Pioneer 
deal after the Financial Times had earlier reported that the two 
banks were set to abandon it.  urn:newsml:reuters.com:*:nI6N19S003 
     
    VENETO BANCA  IPO-VENE.MI  
    Quaestio, the asset manager running Italian bank rescue fund 
Atlante, which owns 98 percent of Veneto Banca, said it has 
proposed to appoint Beniamino Anselmi and Cristiano Carrus 
respectively as Chairman and Chief Executive of the regional 
lender at the shareholder meeting of Aug. 8. Quaestio added it 
would advance the proposal to cut the number of board members 
from 14 to 11.  
     
    RCSM.MI  RCSM.MI , CAIRO COMMUNICATION  CAI.MI  
    The board of the Milan-based publisher said the offer by 
Investindustrial and current RCS shareholders was adequate and 
their industrial plan coherent with the current strategy. It 
added that the offer by Cairo Communication was also financially 
adequate but its business plan does not add value to the 
publisher.  urn:newsml:reuters.com:*:nL8N19X5BY 
    Cairo Communication included a cash component in its 
takeover offer for Italian publisher RCS MediaGroup after many 
interested funds and RCS shareholders asked for one, Chairman 
Urbano Cairo said in an interview with Reuters on 
Monday. urn:newsml:reuters.com:*:nI6N19S001 
    The media group presents the programmes for the 2016/2017 
seasons of its LA7 network (0900 GMT). 
     
    ENAV  IPO-ENAV.MI  
    The privatisation of Italy's air traffic controller ENAV has 
got off to a good start with the order book for its initial 
public share offer covered on the first day of the institutional 
offer, four sources close to matter said on Monday.  urn:newsml:reuters.com:*:nL8N19X3MI 
     
    TELECOM ITALIA  TLIT.MI , TIM PARTICIPACOES  TIMP3.SA   
    The phone group's Brazilian unit has laid off 1,700 call 
center employees, union representatives said on Monday, 
highlighting efforts to cut costs in the worst recession in 
decades.  urn:newsml:reuters.com:*:nL1N19X17W 
 
    POSTE ITALIANE  PST.MI  
    Senate Public Works Committee meets on Poste Italiane 
privatisation. 
     
    TAMBURI INVESTMENT PARTNERS  TIP.MI  
    Extraordinary shareholders' meeting (1500 GMT). 
     
    ((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 12
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