Italy - Factors to watch on April 24

Trevi Finanziaria Industriale SpA

24/04/2020 05:00

The following factors could affect Italian markets on Friday.
    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 is targeting its budget deficit at 10.4% of gross
domestic product this year and sees the public debt rising to
155.7% of GDP, according to a draft forecasting document
obtained by Reuters.  urn:newsml:reuters.com:*:nR1N2A701J
    European Union leaders agreed on Thursday to build a
trillion euro emergency fund to help recover from the
coronavirus pandemic, avoiding another all-night bust-up but
leaving divisive details until the summer.  urn:newsml:reuters.com:*:nL5N2CB12L
    
    ECONOMY
    S&P Global scheduled review of Italy sovereign debt ratings.
    
    DEBT
    Treasury sells 2.25-2.75 billion euros CTZ bonds due Nov.
29, 2021 and 0.5-1.0 billion euros 0,40% BTPei bonds due May 15,
2030. Subscriptions close at 0900 GMT.
    Treasury announces sale of 6-month BOT bills, with relative
amounts to be auctioned on April 28.
    
    COMPANIES

    ENI  ENI.MI 
    Releases Q1 results, followed by conference call (1000 GMT)
    The company approved the possible issue of one or more bonds
with a value up to a maximum amount of 4 billion euro to be
issued by 31 March 2022.  urn:newsml:reuters.com:*:nFWN2CB1FB
    Eni CEO will defer the collection of half of his 2020
long-term incentive plan until 2021, the group said in a
statement on Thursday, adding that all of Eni's senior managers
have decided to do the same.  urn:newsml:reuters.com:*:nNDL9vJzhL
    
    MONTE DEI PASCHI DI SIENA  BMPS.MI 
    The Treasury has nominated Patrizia Grieco and Guido
Bastianini to become chairman and chief executive of the
state-controlled lender, the Economy ministry said on Thursday. 
    
    MEDIASET  MS.MI  
    Italy's top commercial broadcaster Mediaset said on Thursday
it had raised its stake in ProSiebenSat.1 PSMGn.DE to 24.2% from
20.1% as it presses ahead with its plans to create a
pan-European TV champion.  urn:newsml:reuters.com:*:nL5N2CB7PA
        
    TELECOM ITALIA  TLIT.MI , INWIT  INWT.MI  
    Telecom Italia (TIM) and Vodafone  VOD.L  have completed the
sale of an 8.6% combined stake in Italy's biggest mobile towers
company INWIT as part of efforts to cut debt, the companies
said.  urn:newsml:reuters.com:*:nL5N2CB2C9
    
    TELECOM ITALIA  TLIT.MI 
    Shareholders in Italy's biggest phone group on Thursday
approved near unanimously 2019 earnings, dividend distribution
plans and a long-term incentive plans which proxy adviser ISS
had suggested to reject, TIM said in a note.  urn:newsml:reuters.com:*:nBIA2vTRh8
    TIM said the board had been updated on discussions with KKR
over a joint-venture to manage the group's secondary network and
provide broadband services, adding work to arrive to a binding
offer "continued regularly".
    
    GUALA CLOSURES  GLC.MI 
    The bottle cap maker said it had hired Rothschild as
financial adviser to the board in the tender offer launched by
Investindustrial.  urn:newsml:reuters.com:*:nBIA5DMN8N
    
    MASSIMO ZANETTI  MZB.MI  
    The Italian coffee maker said it was suspending the
financial guidance provided on March 5 given the uncertainty on
the duration of the lockdown, the timeline for the reopening
process and the speed of the economic recovery following the
coronavirus crisis.
    
    TREVI FINANZIARE INDUSTRIALE  TFI.MI  
    The troubled Italian construction group said its 213 million
euro cash call would run from May 4 to May 18, adding it had
shareholder commitments for 77.5 million euros while another
63.1 million euros would come from the conversion of bank debt. 
        
    BANCA IFIS  IF.MI 
    The bank is solid but the coronavirus emergency will force
it to revise targets set under a business plan presented in
January, CEO Luciano Colombini said.
        
    AMPLIFON  AMPF.MI 
    Annual general meeting (0800 GMT).
    
    CREDITO VALTELLINESE  PCVI.MI 
    Annual and extraordinary shareholders' meetings (0730 GMT).
    
    DIARY
    Rome, Chamber of Deputies votes government request to
increase 2020 deficit.
    Think-tank Prometeia holds webinar on "Which exit strategy
from COVID-19?" with microbiologist Andrea Crisanti, data
scientist Andrea Pescino (1300 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/