Italy - Factors to watch on July 5

Fri Jul 5, 2013 2:26am EDT

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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 (*).

POLITICS

Italian Prime Minister Enrico Letta said on Thursday he was confident that his fractious left-right coalition was on the right path after a meeting aimed at easing tensions over its halting progress on economic reforms.

ECONOMY

Italy's recession-bound economy should begin to recover from the end of this year but its growth outlook remains weak and Enrico Letta's government must accelerate its reform efforts, the International Monetary Fund said Thursday.

COMPANIES

TELECOM ITALIA

Telecom Italia has ended contacts with Hutchison Whampoa Ltd on merging their Italian mobile businesses, preferring to focus on a plan to spin off its fixed-line network.

FIAT

Fiat unveiled a seven-seat version of its retro-style 500 model on Thursday, hoping to tap into demand for higher-end cars and stem losses from Europe's moribund mass-market.

* GENERALI

The insurer holds a routine board meeting on Friday at which the sale of private bank BSI could be touched upon, Il Sole 24 Ore said. The paper said the sale of BSI is at a crossroads.

BANCA GENERALI

The asset manager said on Thursday it saw net inflows of 305 million euros in June, its best ever result.

The company has raised its target for inflows for the year to 2 billion euros, Il Sole 24 Ore said.

FINMECCANICA

The Italian state-controlled defence group said on Thursday it had named former Italy policy chief Giovanni De Gennaro as non-executive chairman, as widely expected.

RCS MEDIAGROUP

RCS investor Diego Della Valle is ready to increase his stake in the Italian publisher via a rights issue that could put him on a collision course with Fiat. * Italian market watchdog Consob is looking to see whether in recent share stake changes there was any change of control, which by law could trigger a bid, Il Sole 24 Ore said.

The publisher's rights issue ends on Friday.

For more details on today's events please see the full agenda in Italian.

For Italian market data and news, click on codes in brackets:

20 biggest gainers (in percentage)............

20 biggest losers (in percentage).............

FTSE IT allshare index

FTSE Mib index........

FTSE Allstars index...

FTSE Mid Cap index....

Block trades..........

Stories on Italy...... IT-LEN

For pan-European market data and news, click on codes in brackets: European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets: Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:...............................

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