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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 £9.63bn
Enterprise Value £32.78bn
Revenue £13.65bn
Position in Universe th / 6852

Italy - Factors to watch on Nov. 23

Mon 23rd November, 2020 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 .
    
    POLITICS
    Italy's government late on Friday approved a new package
worth around 10 billion euros to support businesses hit by the
second wave of the coronavirus pandemic.  urn:newsml:reuters.com:*:nL8N2I63ER
    
    DEBT
    Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on Nov. 26.
    The Treasury said on Friday it would sell up to 3.25 billion
euros in CTZ and BTPei bonds at auction on Nov. 25.  urn:newsml:reuters.com:*:nL1N2I60MF
    
    COMPANIES
    MONTE DEI PASCHI DI SIENA  BMPS.MI 
    Italy's Treasury has picked Bank of America and Orrick as
financial and legal advisers to secure a merger deal for
bailed-out bank Monte dei Paschi (MPS) as part of its
privatisation plan, four sources close to the matter told
Reuters.  urn:newsml:reuters.com:*:nL1N2I7098
    
    ATLANTIA  ATL.MI 
    Italy's Benetton family has ousted Gianni Mion as head of
its holding company Edizione, replacing him with well-connected
business professor Enrico Laghi, the company said on Sunday, as
it tries to solve a long-running dispute over its motorway unit.
 L8N2I80L1 
    Separately, Autostrade has sent the Italian government a
proposal on the tariff system aimed at reaching a final
agreement with the transport authority over several sticking
points, a source close to the matter told Reuters on Sunday. 
    The new proposal and the acceptance of an attached contract
dubbed 'atto aggiuntivo' were sent to the prime minister's
office, the transport and economy ministries on Thursday and
Saturday respectively. The proposal sets an average annual rate
of growth for tariffs below a 1.75% cap indicated by the
transport authority, the source said.
    It is now up to the government to review and give final
approval to Autostrade's proposal, which confirms a 3.4 billion
euros settlement for the Genoa bridge disaster and future
investments worth more than 14 billion euros.
    
    BANCO BPM  BAMI.MI , BPER BANCA  EMII.MI 
    Italy's third-largest bank Banco on Friday welcomed the
possibility of a merger with BPER Banca, after the biggest
shareholder in its rival threw its weight behind the idea.
 urn:newsml:reuters.com:*:nL8N2I60O5
    
    BANKS
    The uncertainty fuelled by a second COVID-19 wave calls for
caution in the debate among European supervisors on whether to
extend a recommendation that euro zone banks refrain from paying
dividends, the Bank of Italy said on Friday.  urn:newsml:reuters.com:*:nL8N2I64UA
    
    MEDIOBANCA  MDBI.MI 
    The Italian investment bank is relocating at least a third
of its M&A bankers from London to Milan as part of Brexit
contingency plans and efforts to focus more on its home turf
where it is about to lose one of its top dealmakers, three
sources told Reuters.  urn:newsml:reuters.com:*:nL8N2I5689
    
    FIAT CHRYSLER  FCHA.MI 
    Italy's largest carmaker publishes the agenda and the draft
resolutions that will be submitted to the vote of shareholders
at a meeting on Jan. 4, 2021 to approve a planned merger with
rival Peugeot maker PSA.
    
    IREN  IREE.MI 
    The Italian utility said on Friday it had mandated Goldman
Sachs to start a third tranche of a buy back program on up to
10.5 million of its ordinary shares, until Oct. 29, 2021.
 urn:newsml:reuters.com:*:nBIA5dCmDW
    
    POSTE ITALIANE  PST.MI 
    Trades ex-dividend of 0.162 euro per share as 2020 interim
dividend.
    
    RECORDATI  RECI.MI  
    Trades ex-dividend of 0.50 euro per share as 2020 interim
dividend.
    
    TENARIS  TENR.MI 
    Trades ex-dividend of 0.07 U.S. dollars per share as 2020
interim dividend.
    
    TERNA  TRN.MI 
    Trades ex-dividend of 0.00909 euro per share as 2020 interim
dividend.
    
    DANIELI & C.  DANI.MI 
    Trades ex-dividend of 0.14 euro per ordinary share and of
0.1607 euro per saving share.
    
    PIAGGIO  PIA.MI 
    Trades ex-dividend of 0.037 euro per ordinary share as 2020
interim dividend.
    
    TESMEC  TES.MI 
    Starts capital increase; ends on Dec. 10.
    The company said Palladio Holding, an active medium-long
term investor, had committed to subscribe up to 50 million
ordinary shares of Tesmec that should be not subscribed during
the cash call, at 0.07 euros each.  urn:newsml:reuters.com:*:nBIA2mM3nH
    
    BORGOSESIA  BRGI.MI 
    Starts a voluntary exchange offer on up to 559,967 ordinary
shares of Kronos. The offer period ends on Dec. 15.  urn:newsml:reuters.com:*:nFWN2I60J1
    
    BANCA CARIGE  CRGI.MI  (shares suspended)
    Saving shares conversion into ordinary shares starts; ends
on Dec. 4.
    
    DIARY
    Rome, Economy Minister Roberto Gualtieri speaks before
Chamber of Deputies on 2021 budget (1800 GMT).
    'Milano Fashion Global summit 2020' digital edition starts;
ends on Nov. 27. On Monday on "Next generations, from designer
to social media" (0830 GMT).
    Italian private banking association (AIPB) holds online
forum with Industry Ministry Undersecreatary Gian Paolo
Manzella, market regulator Consob Vice Director General Tiziana
Togna, Treasury's Head of Debt Management Davide Iacovoni (0900
GMT).
    Online event on banking foundations with Italian President
Sergio Mattarella, savings banks association ACRI President
Francesco Profumo, state lender CDP Chairman Giovanni Gorno
Tempini, banking association ABI President Antonio Patuelli
(0930 GMT).    
    Rome, foreign trade institute ICE and Alibaba Group
 9988.HK  hold agreement signing ceremony of 'Made in Italy
Pavilion' with Italian Foreign Affairs Minister Luigi Di Maio,
ICE President Carlo Ferro, Alibaba Group South Europe General
Manager Rodrigo Cipriani Foresio, Foreign Affairs Ministry
Undersecretary Manlio di Stefano (1030 GMT).
    Luiss University holds web event with TIM  TLIT.MI  CEO
Luigi Gubitosi and BNP Paribas' Italian unit BNL Andrea Munari
(1330 GMT).
    ISPI holds virtual international conference with Foreign
Affairs ministry representative Laura Carpini, ISPI Chairman and
Fincantieri  FCT.MI  Chairman Giampiero Massolo (1400 GMT).
    Online event on "Boosting Italy's potential" with Terna
 TRN.MI  Advisor Valentina Canalini, Alitalia  CAITLA.UL 
Special Administrator Gianluca Brancadoro (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/
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