Italian Stocks - Factors to watch on Oct 1

Wed Oct 1, 2008 3:05am EDT
 
[-] Text [+]
 MILAN, Oct 1 (Reuters) - The following factors could affect
Italian markets on Wednesday.
 Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
 UNICREDIT (CRDI.MI)
 *  UniCredit said it was boosting its Core Tier 1 ratio, a
measure of capital held against risky assets.
 For a full story, double click on [nMAT008630].
 
 The bank's CEO, Alessandro Profumo, stepped away from tough
2008 targets on Tuesday amid market turmoil and authorities
voiced faith in the country's financial system.
 For a full story, double click on [nLU214902].
 
  * U.S. funds have lightened their positions in UniCredit, la
Repubblica reported.
 
 GLOBAL MARKET CRISIS
 U.S. lawmakers and President George W. Bush eased pressure
on financial markets by starting work to revive a $700 billion
bailout plan to stem a credit crisis that has spread beyond Wall
Street to claim more European banks.
 For a full story, double click on [nHKG309570].
 
 ALITALIA AZPIa.MI
 Business consortium CAI will hold a board meeting on
Thursday to discuss its planned bailout of Alitalia, after
clinching a deal with the airline's unions on job and wage cuts,
a source close to the bailout said.
 For a full story, double click on [nLU469979].
 
  * TELECOM ITALIA (TLIT.MI)
 Libya's sovereign fund wants to become a shareholder in
Telecom Italia by the end of the year and has hired Morgan
Stanley (MS.N) as an adviser, Finanza Mercati reported.
 
  * Broadcaster Mediaset (MS.MI) is among companies who back
splitting off the phone company's fixed-line system, la
Repubblica said.
 
 FIAT (FIA.MI)
 The transport ministry will publish car sales figures for
September at 1600 GMT.
 
 IRIDE (IRD.MI), HERA (HRA.MI), ENIA (EN.MI)
 Merger talks between the three regional utilities reached a
stalemate but will continue into mid-October even though they
have run past a deadline blocking any other discussions, sources
close to the issue said.
 For a full story, double click on [nLU381995].
 
  * Talks between a Enia-headed consortium and Russia's Gazprom
(GAZP.MM) on a natural gas contract have broken off, Corriere
della Sera said.
 
 TISCALI (TIS.MI)
 Company founder Renato Soru has sold 1.6 percent of the
broadband operator to pay for his purchase of l'Unita newspaper,
la Repubblica reported.
 
  * AZIMUT (AZMT.MI)
 Chief Executive Officer Pietro Giuliani said the fund
manager had no plans to delist, was not seeking acquisitions and
was not up for sale, Il Sole 24 Ore reported.
 
 INTESA SANPAOLO (ISP.MI)
 The bank said it had placed a subordinated lower tier 2 bond
for 1.1 billion euros ($1.58 billion).
 






































 

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