Italy - Factors to watch on Aug. 6

Toscana Aeroporti SpA

06/08/2018 05:00

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 .
    
    COMPANIES
    MEDIOBANCA  MDBI.MI 
    Activist fund Elliott denied a report it has built a stake
of around 1 percent in Italian investment house
Mediobanca. urn:newsml:reuters.com:*:nL5N1UV04P
    
    BANCA CARIGE  CRGI.MI 
    The head of Banca Carige said on Friday the mid-sized
Italian bank will have to solve a governance crisis before it
can tap markets to rebuild its capital as demanded by
supervisors.  urn:newsml:reuters.com:*:nL5N1UT88E

    BANCO BPM  BAMI.MI 
    Italy's third-largest bank Banco BPM said it had selected
three bidders for the sale of at least 3.5 billion euros ($4
billion) in bad debts and, possibly, its debt collection
business.  urn:newsml:reuters.com:*:nFWN1UU0ZK
    Banco BPM said on Friday it wanted to "massively reduce" its
bad loan portfolio.  urn:newsml:reuters.com:*:nS8N1T9065
    Banco BPM may shed 5.5-6.0 bln euros bad loans in Project
Ace, the lender said in its post-result presentation.
 urn:newsml:reuters.com:*:nS8N1T9064
    
    TOD'S  TOD.MI 
    The CEO of Tod's TOD.MI said on Friday results for the first
half of the year confirmed the new strategy adopted by the
Italian luxury group was appropriate and bearing first fruit.
 urn:newsml:reuters.com:*:nFWN1UU0ZN
    Tod's CFO said on Friday FY revenue consensus was
"absolutely fair".  urn:newsml:reuters.com:*:nS8N1RT00B
    
    ENEL  ENEI.MI 
    Italy's Open Fiber said on Friday banks, state lender CDP
and the European Investment Bank had signed off on a 3.5 billion
euro project finance package to help fund the ultrafast
broadband network it is rolling out across the country.
 urn:newsml:reuters.com:*:nI6N1UF01H
    The upper house approved a government amendment pushing back
full liberalisation of the energy retail market by one year to
July 2020.
    
    SNAM  SRG.MI 
    The benefits of building the Trans Adriatic Pipeline (TAP)
are greater than the costs, La Stampa cited Interior minister
Matteo Salvini saying in an interview on Sunday. Salvini said
TAP, as well as high-speed train link project TAV, need to be
carried out, several news reports said on Sunday.
    
    TERNA  TRN.MI 
    The power grid operator sees 12 billion euros in investments
over the next 10 years, Terna CEO Luigi Ferraris said in an
interview in Sunday's Corriere della Sera.
    
    FILA  FILA.MI 
    Fila said on Friday H1 net profit fell to 5.3 million euros
from 14 million euros one year ago.  urn:newsml:reuters.com:*:nFWN1UU178
        
    FULLSIX  FUL.MI 
    Orizzonti holding SpA takeover bid on Fullsix shares starts;
ends on Sept. 10.
    The company said on Friday its board considered "not fair"
the share offer promoted by Orizzonti Holding spa. However, the
board considered fair the alternative cash offer of Orizzonti
Holding spa. 
    
    M&A ALITALIA
    The government is looking for 1.2 billion euros from
state-owned groups CDP, Ferrovie dello Stato and POste Italiane
to help nationalise, with 51 percent, Alitalia, La Stampa said
on Saturday, citing government sources. Relaunch of the flagship
carrier will require an overall 2-3 billion euros over 5 years,
it said.
    
    GUALA CLOSURES  GCL.MI 
    Debuts on STAR segment.
    
    TOSCANA AEROPORTI  TYA.MI 
    Board meeting on H1 results.
    
    UNICREDIT  CRDI.MI 
    Board meeting on H1 results (press release on Aug. 7).
    
    ((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/