Italy - Factors to watch on Feb. 22

Visibilia Editore SpA

22/02/2019 05:00

MILANO, Feb 21 (Reuters) - 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 .
    
    ECONOMY
    Rating agencies Fitch reviews sovereign debt rating on
Italy.
    
    DEBT
    Treasury sells 1.75-2.25 billion euros CTZ bonds due Nov.
27, 2020 and 0.75-1.25 billion euros following two BTPei bonds
due May 15, 2023 and Sept. 15, 2032. Subscriptions close at 1000
GMT.
    Treasury announces sale of BTP and CCTeu bonds, with
relative amounts to be auctioned on Feb. 27.
    
    COMPANIES
    TELECOM ITALIA  TLIT.MI  (TIM)
    Telecom Italia (TIM) on Thursday pledged to accelerate cost
cutting, increase shareholder returns, cut debt and grow core
profits from next year in the first three-year strategy plan
under new Chief Executive Luigi Gubitosi.  urn:newsml:reuters.com:*:nL5N20G8F7
    The grup said organic core profits came in at 8.1 billion
euros last year.  urn:newsml:reuters.com:*:nFWN20G13J
    Conference call on FY results (1300 GMT).
    Telecom Italia and Vodafone  VOD.L  said on Thursday they
plan to enter into a new infrastructure sharing partnership to
enable faster deployment of fifth-generation mobile phone
services over a wider geographic area and at a lower cost.
 urn:newsml:reuters.com:*:nL5N20G7XR
    BREAKINGVIEWS: Telecom Italia boss Luigi Gubitosi is sending
the right signals. The chief executive, who was selected as a
director last year by U.S. activist investor Elliott Management,
is looking to cut costs by sharing mobile and fixed-line
infrastructure with rivals Vodafone and Open Fiber. With Italy’s
economy technically in recession and competition increasing,
that’s a sensible strategy. It also will make it harder for
begrudged shareholder Vivendi to regain board control at a
shareholder meeting next month. urn:newsml:reuters.com:*:nL1N20G1MQ
    
    FERRAGAMO  SFER.MI 
    The fashion house said on Thursday it appointed Paul Andrew
creative director of the brand.  urn:newsml:reuters.com:*:nS8N20200O
    
    INWIT  INWT.MI 
    The telecom masts company said on Thursday it sees combined
capex of 250-300 million euros over its 2019-21 plan.
 urn:newsml:reuters.com:*:nFWN20G137
    Conference call on FY results (1530 GMT).
    
    BPER  EMII.MI 
    Fitch Ratings has placed Unipol Banca 'BB+' Long-Term Issuer
Default Rating (IDR) on Rating Watch Negative. At the same time
Fitch has affirmed BPER Banca Long-Term IDR at 'BB'. BPER
outlook is Positive.    
    
    LEONARDO  LDOF.MI 
    Fitch Ratings has affirmed Leonardo's Long-Term Issuer
Default Rating (IDR) and senior unsecured rating at 'BBB-' and
Short-Term IDR at 'F3'. The Outlook on the Long-Term IDR is
Stable.  urn:newsml:reuters.com:*:nFitbbqBQH

    ENI  ENI.MI 
    Libya's El Feel oilfield is still producing some 75,000
barrels a day and there has been no fighting in the area
contrary to what some local media have reported, a field
engineer there told Reuters by telephone on Thursday. Libya's
National Oil Corporation (NOC) operates the field in a joint
venture with Italy's Eni.  urn:newsml:reuters.com:*:nL5N20G8JY
    
    ITALGAS  IG.MI 
    Board meeting on FY results, followed by conference call
(1430 GMT).
    
    COIMA RES  CRES.MI 
    Conference call on FY results (1400 GMT).
    
    CLASS EDITORI  CLED.MI 
    Takeover offer on Gambero Rosso  GAMB.MI  shares ends
(started on Feb. 4).
    
    LVENTURE GROUP  LVEN.MI 
    Ordinary and extraordinary shareholders' meetings (0800
GMT).
    
    VISIBILIA EDITORE  VE.MI 
    Extraordinary shareholders' meeting (0830 GMT).
    
    DIARY
    Bologna, ECB President Mario Draghi receives honorary law 
degree by Bologna University (1530 GMT).
    Rome, Prime Minister Giuseppe Conte attends meeting with
Italian mayors (1000 GMT).
    Rome, Tor Vergata University holds XXXVI academic year
inaugural ceremony with Economy Ministry Giovanni Tria (1000
GMT).
    Milan, conference on job with Casaleggio Associati Chairman
and Russeau Association founder Davide Casaleggio; RCS
MediaGroup  RCSM.MI  and Cairo Communication  CAI.MI  Chairman
Urbano Cairo delivers closing address (1400 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/ 

 (Reporting By Viviana Venturi)
 ((viviana.venturi@thomsonreuters.com;))