July 25, 2014 / 6:06 AM / 3 years ago

Italy - Factors to watch on July 25

4 Min Read

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 (*).

Companies

Luxottica

The Italian luxury eyewear group is optimistic about prospects for the rest of 2014 after sales accelerated in the second quarter, offsetting the impact of euro strength which is now seen waning.

Luxottica said on Thursday it had extended a licence agreement to produce and distribute Chanel-branded eyeglasses until the end of 2018, renewable for a further two years.

Banca Carige

The Italian mid-sized bank said late on Thursday it was in exclusive talks with U.S. investment fund Apollo Management Holdings LP for the sale of its two insurance units.

Snam

The Italian gas grid operator is set to sign next week an accord to renegotiate its 3.2 billion euros in debt with a pool of 16 banks led by UniCredit and BNP Paribas , Corriere della Sera reported without citing sources. The new bank loan will have the same maturity of the present one and will have a multi-tranche, revolving structure.

* Mediaset

Britain's BSkyB has agreed to pay around 4.9 billion pounds to buy Rupert Murdoch's pay-TV assets in Italy and Germany, responding to the slowing growth at home with a deal to create a European media powerhouse - in a potential threat to the Italian broadcaster's pay-tv business.

Cobra

Vodafone on Thursday extended its voluntary tender offer to buy all the share capital of the Italian car electronics maker by five trading days to Aug. 1.

Alitalia

The board of Italy's flagship airline will propose to shareholders a capital increase of as much as 250 million euros ($336.68 million), a source with knowledge of a document said on Thursday after a meeting of the airline's board.

Etihad Airways CEO James Hogan has given Alitalia until Monday to agree to the tie-up or else the Gulf carrier's proposal would no longer stand, Corriere della Sera said in an unsourced report.

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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