Italy - Factors to watch on May 4

Trevi Finanziaria Industriale SpA

04/05/2020 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 .
    
    CORONAVIRUS
    Deaths from the COVID-19 epidemic in Italy climbed by 174 on
Sunday, against 474 the day before, the Civil Protection Agency
said, posting the smallest daily toll of fatalities since March
10.  urn:newsml:reuters.com:*:nR1N2A7024
    
    ECONOMY
    HIS Markit releases April PMI manufacturing (0745 GMT)
    Transport Ministry releases April car sales data (1600 GMT)
    ISTAT and ISS-National Health Institute present report on
"Mortality in Italy"
    April state sector borrowing requirement data.
    
    COMPANIES
    PRADA  1913.HK  - CEO Patrizio Bertelli said in an interview
with Repubblica on Sunday that sales were going well in China,
Korea and Taiwan, posting double-digit growth in April. 
    
    FINCANTIERI  FCT.MI 
    The U.S. Navy announced on Thursday it awarded a contract
worth more than $5.5 billion to Fincantieri to build its newest
class of warships.  urn:newsml:reuters.com:*:nL1N2CI36J
    
    TELECOM ITALIA  TLIT.MI 
    U.S. hedge fund Elliott Management has further cut its stake
in Italy's biggest phone group, a regulatory filing showed on
Thursday. Elliott now owns 0.265% of TIM and indirectly holds
another 4.862% through a swap contract with
JPMorgan. urn:newsml:reuters.com:*:nL8N2CIAIE
    
    ATLANTIA  ATL.MI 
    In the financial report of the group's Autostrade per
l'Italia unit published on Saturday, the company said that, in
early April, the transport ministry had asked it to increase the
compensation of 2.9 billion euros Atlantia had offered in March
to settle a spat over its motorway concession. 
    The ministry has also asked Autostrade to accept a new
method to calculate road tolls and to agree in which cases the
motorway contract could be terminated by the grantor ahead of
time. 
    Atlantia and Autostrade sent a letter in early April asking
to meet the government to iron out a detailed agreement on the
concession, the financial report also said.
    In its financial report, Autostrade said the coronavirus
could reduce its 2020 revenue by between 850 million and 1.1
billion euros. It also said CDP had rejected in April a request
to lend the company 200 million euros.
    
    MEDIOBANCA  MDBI.MI 
    Mediobanca has dropped plans to buy a stake in Indonesia's
consumer credit operator BFI Finance  BFIN.JK  because the
COVID-19 emergency had made the deal "unrealistic", the Italian
financial group said on Friday.  urn:newsml:reuters.com:*:nL6N0WY4E4
    
    INTESA SANPAOLO  ISP.MI 
    Italy's biggest retail bank said on Sunday all of its
branches would be open from Monday, adding customers had to book
an appointment and wear a face mask to get access.
    
    ASSICURAZIONI GENERALI  GASI.MI 
    Shareholders in Italy's biggest on Thursday approved changes
to the company's by-laws to allow the board to submit its own
slate of candidates ahead of its renewal, set the number of
board seats at between 13-17 with up to five seats reserved for
minority shareholders and at least half of them for independent
directors.  urn:newsml:reuters.com:*:nBIA4c4Fzv 
    
    UNIPOL  UNPI.MI  
    Shareholders on Thursday approved a loyalty share scheme
which hands a group of local cooperatives holding in aggregate
48% of the financial group voting rights close to 65% of its
capital.  urn:newsml:reuters.com:*:nBIA9pctSN
    
    FERRARI  RACE.MI 
    Board meeting on Q1 results, followed by conference call
(1300 GMT).
    
    CREDEM  EMBI.MI 
    The Italian regional lender said on Thursday it had entered
exclusive negotiations to buy a controlling stake in smaller
rival Cassa di Risparmio di Cento.  urn:newsml:reuters.com:*:nL8N2CIAI9
    
    TERNA  TRN.MI 
    The Italian power grid operator said on Thursday Fitch
Ratings had confirmed its BBB+ long-term rating with a stable
outlook despite the sovereign downgrade of Italy.  urn:newsml:reuters.com:*:nBIA6CFhxs
    
    ITALGAS  IG.MI 
    The gas group said on Thursday Fitch Ratings has affirmed
its BBB+ long-term rating with a stable outlook despite Italy's
sovereign downgrade to BBB-.  urn:newsml:reuters.com:*:nBIA3v1slp
        
    SALINI IMPREGILO  SALI.MI 
    Annual and extraordinary shareholders' meetings (1330 GMT).
    
    TREVI FINANZIARIA  TFI.MI 
    Starts capital increase; ends on May 18.
    
    DIARY
    ...
    
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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/