April 18, 2019 / 4:01 AM / 5 months ago

Italy - Factors to watch on April 18

MILANO, April 18 (Reuters) - The following factors could affect Italian markets on Thursday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on .

ECONOMY

ISTAT releases February industry orders and sales data (0800 GMT).

Fitch Ratings affirmed Cassa Depositi e Prestiti’s (CDP) Long-Term Issuer Default Rating at ‘BBB’ and Short-Term IDR at ‘F2’. The Outlook is Negative.

DEBT

Treasury announces sale of CTZ and BTPei bonds, with relative amounts to be auctioned on April 24.

SAIPEM

The Italian oil services group stuck to its annual guidance on Thursday as earnings in the first quarter rose, but said the industry still faced headwinds. The contractor said its quarterly adjusted core earnings jumped 28 percent to 274 million euros ($309 million), boosted by a rise in new orders in its core engineering and construction (E&C) business.

A conference call will follow.

ENI

A Nigerian judge issued arrest warrants for two former ministers and an Eni manager over the sale of offshore oilfield OPL 245 by Malabu Oil and Gas in 2011, the Economic and Financial Crimes Commission said on Twitter on Wednesday.

TELECOM ITALIA, ENEL

The Italian phone group is no longer considering a spin-off of its network, daily Il Sole 24 Ore said on Thursday. The report added TIM might consider a merger with smaller network rival Open Fiber to create a single national network infrastructure. This would give a stronger role in the company to State lender CDP, which is shareholder of both TIM and Open Fiber.

An Italian administrative court on Wednesday confirmed a 2017 ruling by market regulator Consob which said French media group Vivendi was at the time exercising “de facto control” over Telecom Italia (TIM).

SALINI IMPREGILO, ASTALDI

The Italian building company might need between 400 and 500 million euros of fresh capital to create a national construction champion through a take over of troubled rival Astaldi, daily Il Messaggero said on Thursday.

MONTE DEI PASCHI DI SIENA

The Tuscan lender said on Wednesday that WRM Capital Asset Management did not submit offers for its IT platform.

CARIGE

A plan U.S. asset manager Blackrock has put forward to salvage the troubled Italian lender includes a cash call of 700 million euros or more, two Italian newspapers reported on Thursday.

Carige shares are suspended from trading.

(*) ITALGAS

Italgas exercised an option to acquire the remaining 40 percent of European Gas Network for 20.9 million euros, the company said.

OVS

Italian clothing retailer OVS said on Wednesday it expected core profits to recover this year after earnings before interests, tax, depreciation and amortisation (EBITDA) fell 27 percent in the fiscal year ended on Jan. 31, 2019.

RETELIT

Retelit said on Wednesday its board would consider the separation of its activities into two companies.

ESSILORLUXOTTICA

French-Italian eyewear group EssilorLuxottica has hired two headhunters to search for a new chief executive officer in a bid to cool a conflict between its French and Italian partners over leadership of the company.

GPI

“Investor Day” in Milan (0930 GMT).

ALP.I

Shares de-listed as of Thursday.

ANTARES VISION

Debuts on AIM segment.

Annual general meetings: ATLANTIA (0900 GMT), BANCA GENERALI (0730 GMT), SALVATORE FERRAGAMO (0700 GMT), AEFFE (0730 GMT), BANCA PROFILO (1300 GMT), BANCA SISTEMA (0800 GMT), BE (0800 GMT), BLUE FINANCIAL COMUNICATION (0900 GMT), CALTAGIRONE (1000 GMT), CEMBRE (0730 GMT), ELICA (0700 GMT), ESAUTOMOTION (0900 GMT), FIERA MILANO (1300 GMT), GEL (0800 GMT), LONGINO & CARDENAL (0830 GMT), MAILUP (0830 GMT), MARR (0930 GMT), PIERREL (0800 GMT), POLIGRAFICA SAN FAUSTINO (0830 GMT), RAI WAY (0900 GMT), SAES GETTERS (0830 GMT), TINEXTA (1000 GMT), TOD’S (0900 GMT), TXT E-SOLUTIONS (0730 GMT).

Annual and extraordinary shareholders’ meetings: MEDIASET (0800 GMT), UNIPOL GROUP (0830 GMT), BREMBO (0830 GMT), DEA CAPITAL (0800 GMT), FILA (0800 GMT), FIRST CAPITAL (0900 GMT), LVENTURE GROUP (0700 GMT).

Board meetings on FY results: GAROFALO HEALTH CARE (preliminary results on Feb. 27), INDEL B followed by conference call, ITWAY, NETWEEK.

DIARY

Rome, Chamber of Deputies and Senate start examination of economic and financial document (DEF).

Gioia Tauro, Cabinet expected to meet.

Rome, Economy Minister Giovanni Tria meets officials of Asian Infrastructure Investment Bank (1000 GMT).

Verona, banking foundation Fondazione Cariverona holds news conference to present 2018 results and mission balance sheet with President Alessandro Mazzucco, Director General Giacomo Marino (0930 GMT).

Rome, Alitalia special commissioners informally meet trade unions (1600 GMT).

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:............................... (Reporting By Viviana Venturi)

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