MILAN May 8 Shares in Telecom Italia dropped more than 3 percent on Wednesday on the back of concerns the board will likely put off a decision on whether to open formal merger talks with Hutchison Whampoa.
Key shareholders are divided on the issue and a panel of directors set up last month will not be able to recommend seeking a tie-up when the board meets on Wednesday to approve first-quarter results, sources with knowledge of the situation said on Tuesday.
"It is unlikely that from today's board binding decisions on the dossiers emerge," ICPBI Equity Research said in a note.
The stock fell 2 percent to 0.63 euros by 0729 GMT. (Reporting by Antonella Ciancio, editing by Silvia Aloisi)
BA cancels flights from London's Heathrow, Gatwick after IT outage
LONDON, May 27 British Airways said it had cancelled all flights from London's Heathrow and Gatwick airports scheduled before 1700 GMT on Saturday due to a global computer outage.
British Airways suffers flight delays after global IT outage
LONDON, May 27 British Airways flights in Britain were being delayed and passengers were suffering long waits at airports on Saturday because of a global system outage, the airline said.