Italy - Factors to watch on Sept. 26
26/09/2018 05:00
The following factors could affect Italian markets on Wednesday.
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
Rome, conference on "The Independent Evaluation of the OECD
on the Italian StartUp Act" with Chamber of Deputies Speaker
Roberto Fico, Deputy Prime Minister and Labour Minister Luigi Di
Maio (0800 GMT).
Rome, 50th edition of "Barcolana" presentation with Cabinet
Undersecretary Giancarlo Giorgetti, Friuli-Venezia-Giulia Region
Governor Massimiliano Fedriga (1000 GMT).
Rome, Infrastructure and Transport Ministry presents first
national day for seismic prevention with Minister Danilo
Toninelli (1030 GMT).
Rome, Deputy Prime Minister and Economic Development and
Labour Minister Luigi Di Maio attends 'question time' at Chamber
of Deputies (1300 GMT).
ECONOMY
Italy's 5-Star leader Luigi Di Maio told ministers on
Tuesday that the 2019 budget targets must account for their key
demands, including a minimum income for the poor and unemployed,
or it would not win the support of his group in parliament.
urn:newsml:reuters.com:*:nL8N1WB6GI
Italian Deputy Prime Minister Luigi Di Maio repeated on
Wednesday that a 2019 deficit that exceeded 2 percent of output
was not out of the question, but added that the ruling coalition
would be responsible with the budget. urn:newsml:reuters.com:*:nR1N1UG02G
Rome, builders' association Ance presents policies on real
estate taxation with Economy Ministry Undersecretary Massimo
Garavaglia (0730 GMT).
Rome, trade association Confcommercio holds conference on
tax with President Carlo Sangalli, Economy Minister Giovanni
Tria (0830 GMT).
DEBT
Treasury sells 6.0 billion euros 6-month BOT bills.
Subscriptions close at 0900 GMT.
COMPANIES
ATLANTIA ATL.MI
The Italian government and Autostrade got into a war of
words on Tuesday after Rome published a report blaming the toll
road operator for failings in the deadly Genoa bridge collapse.
urn:newsml:reuters.com:*:nL8N1WB4HT urn:newsml:reuters.com:*:nI6N1VP01B
FIAT CHRYSLER FCHA.MI
Fiat Chrysler Automobiles NV said on Tuesday that U.S.
regulators have received a "wake-up call" from automakers over
the hurdles they face in trying to meet rising Obama-era
fuel-efficiency requirements. urn:newsml:reuters.com:*:nL2N1WB15M
(*) Magneti Marelli COO Pietro Gorlier, who is expected to be
appointed head of FCA's EMEA region, will be substituted by
Magneti Marelli Automotive Lighting CEO Ermanno Ferrari, Il
Corriere della Sera reported.
BANCA CARIGE CRGI.MI
Leading Carige investor Raffaele Mincione has no plans to
sell its stake in the Italian bank after failing to gain control
of the lender's board last week, a source close to Mincione
said. urn:newsml:reuters.com:*:nL8N1WB5R1
(*) UNICREDIT CRDI.MI
Chief Executive Jean Pierre Mustier will try to push on
"external growth" at the end of the bank's current plan, as
announced in the lender's first-half results in August and M&A
options could include Britain's Lloyd's Bank LLOY.L , Dutch Abn
Amro ABNd.AS or ING INGBK.UL , Il Sole 24 Ore reported. It
added that UniCredit did not comment rumours and that the goal
will be hard to reach, not only because of regulatory hurdles,
but also as it would imply convincing institutional investors on
the move.
MEDIOBANCA MDBI.MI
Mediobanca shareholder Italmobiliare says to withdraw from
the bank's shareholder pact. urn:newsml:reuters.com:*:nFWN1WB0JW
(*) BANCO BPM BAMI.MI
The lender has decided to split in two the NPL portfolio of
its so-called Ace project, worth 9 billion euros, for which it
had already short-listed three bidders, Il Messaggero reported.
The two portfolios will now consist of one of 8 billion euros,
made up of bad loans, and a separate leasing portfolio for 1
billion euros, the report added
(*) ITALIAN BANKS
Italy's central bank has sent letters to small lenders,
which could merge into one of three larger groups being formed
in a push to reform the cooperative banking sector, urging them
to call shareholder meetings by the first half of December to
decide on this move ahead of an end of January deadline, Il Sole
24 Ore reported.
(*) ASTALDI AST.MI
The group, which has a 2.5 billion debt, is ready to
evaluate filing a so-called "blank" debt restructuring plan,
which will be examined by its board in two days, Il Sole 24 Ore
reported. According to the procedure the company will have
between 120 and 180 days to decide whether to press ahead with
request for court protection from creditors or opt for a
negotation, the report added.
(*) TELECOM ITALIA (TIM) TLIT.MI
The sale of TIM's its Sparkle unit has been put on hold and
no mandate has been given to banks, as the group needs to
clarify the government's intentions over the subsidiary given
its strategic role, Il Sole 24 Ore reported.
(*) TENARIS TENR.MI
The group said on Tuesday it would acquire a significant
stake in Saudi Steel Pipe company after it acquired from a
private group 47.49 percent of shares in the company for $144
million. urn:newsml:reuters.com:*:nASB00OMI
(*) ENI ENI.MI
International investors in Eni are not alarmed by the
decisions and declarations of the Italian government as 95
percent of the group's activities is abroad, CEO Claudio
Descalzi said in an interview with Corriere della Sera, adding
the company had "constructive and positive relations".
(*) CATTOLICA ASSICURAZIONE CASS.MI
The insurer signed on Wednesday an agreement to buy a 35
percent stake in IMA Italia Assistance. urn:newsml:reuters.com:*:nFWN1WB0QM
LEONARDO LDOF.MI
CEO Alessandro Profumo attends conference on "Cybertech
Europe" in Rome (0700 GMT).
(*) TOD'S TOD.MI
The Italian luxury group has launched the first
collaboration of its 'Factory' project - which entails more
collections during the year as well as limited editions with
famous designers - with Italy's Alessandro Dell'Acqua, Corriere
della Sera and MF reported. "Alessandro is the first of a long
series, we want four 'capsule' collections a year," chairman
Diego Della Valle was quoted as saying by Corriere della Sera.
ALITALIA CAITLA.UL
Commissioners speak before Chamber of Deputies Industry and
Transport committees (1230 GMT).
SPRINTITALY SPRT.MI
Board meeting on FY results.
Board meetings on H1 results: ALFIO BARDOLLA ABTG.MI ,
ARCHIMEDE ARCHIM.MI , BRIOSCHI SVILUPPO IMMOBILIARE BRUI.MI ,
DIGITAL360 DIGT.MI , DOMINION HOSTING HOLDING DHH.MI ,
ESAUTOMOTION ESAU.MI , FRENDY ENERGY FDE.MI , GAMBERO ROSSO
GAMB.MI , H-FARM HFARM.MI , ORSERO ORSO.MI , PITECO
PITE.MI , PRISMI PRSM.MI , S.M.R.E. SMRR.MI , TELESIA
TLSA.MI (1330 GMT).
Ordinary shareholders' meetings: 4AIM SICAF 4AIM.MI (1300
GMT), EQUITA EQUI.MI (1000 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/