MILAN, May 16 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 (*).
* UBI BANCA (UBI.MI)
The bank sees an improvement in 2011 in profitability from its ordinary operations, compared to 2010, after first quarter net profit missed expectations, it said on Monday. [ID:nWEA1339]
The mid-tier lender also is targeting net profit excluding PPA of about 700 million euros in 2013 and more than 1.1 billion euros in 2015 under its new business plan. [ID:nBIA16284]
ENI (ENI.MI) * The oil major expects the "Libyan problem" to be over in a year and is not worried about the future, Chief Executive Paolo Scaroni said in an Financial Times interview.
State-run Iraqi Drilling Co has started working in the Zubair oil field under a $250 million contract to drill 23 new wells in the field, developed by the Italian oil major, the head of the firm said on Sunday. [ID:nLDE74E0CA]
BANCO POPOLARE (BAPO.MI)
The cooperative bank reported on Friday a 22 percent drop in first-quarter net profit to 60 million euros ($85.73 million).
Net interest margin fell 6.6 percent and the Core Tier 1 ratio stood at 6.5 percent at the end of March. [ID:nWEA1290]
The bank said on Friday it paid 246 million euros to buy a pool of performing and non-performing loans with a nominal value of 415 million euros sold in the liquidation of Milan-based investment bank Banca MB.
The bank has offered to pay 200 million euros to settle claims in a trial linked to the 2002 collapse of Italian food group Cirio, judiciary and legal sources told Reuters on Friday.
The sources said UniCredit had informed a Rome court of its offer and would submit it formally in a hearing on Monday.
It would pay 150 million euros in damages and write down credits towards a unit of the food group for 50 million euros.
Italy's biggest auto insurer narrowed its net loss in the first quarter and its board approved a 450 million euros ($643 million) fund-raising to boost its weak capital, it said on Saturday. [ID:nLDE74D059]
Fondiaria-SAI has not changed its 2011 targets even though results so far this are above forecast, CEO Emanuele Erbetta said cited in Sunday's Il Sole 24 Ore.
The auto maker hopes to increase its presence in Asia where this is not satisfactory, Corriere della Sera said citing comments by Chairman John Elkann.
Italy's trade union representatives meet with Lactalis's officials on Monday over the French dairy group's offer to take over its Italian rival.
Italy's Intesa Sanpaolo (ISP.MI) is ready to tender its 2.14 percent Parmalat stake in Lactalis's offer and withdraw its list of proposed directors, Il Messaggero said in an unsourced report on Saturday.
Lactalis has no plans for job cuts at Parmalat, will look at merging some of its own activities into Parmalat, and sees Parmalat doing targeted acquisitions, la Repubblica said citing Lactalis's bid prospectus.
The board of the power grid operator unanimously confirmed on Friday current chief executive Flavio Cattaneo in his role [ID:nBIA136cf].
A2A (A2.MI), EDISON EDN.MI
The balance of power after Milan municipal elections will be decisive for the organisation of nominees to the companies and their governance, Il Sole 24 Ore said on Saturday.
Rhiag-Inter Auto Parts Italia SpA will launch its initial public offering of shares on Monday through bookbuilding with institutional investors and sales of a retail tranche in Italy, it said on Saturday. [ID:nLDE74D03C]
SMALL AND MID CAPS
The Como, north Italy based textile company returned to operating profit in the first quarter, vice-chairman Antonio Favrin said cited in Il Sole 24 Ore on Saturday.
The following companies will report results: