April 27, 2018 / 4:01 AM / 3 months ago

Italy - Factors to watch on April 27

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 (*).

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

POLITICS

Italy’s deeply divided Democratic Party (PD) will meet on May 3 to discuss whether to hold talks with the anti-establishment 5-Star Movement on potentially forming a coalition, two months after inconclusive elections.

ECONOMY

Ratings agency S&P reviews sovereign debt rating on Italy.

DEBT

Treasury sells 3.0-3.5 billion euros new CCTeu bonds due Sept. 15, 2025; 2.25-2.75 billion euros 0.95 percent BTP bonds due March 1, 2023; 2.5-3.0 billion euros 2.00 percent BTP bonds due Feb. 1, 2028. Subscriptions close at 0900 GMT.

TELECOM ITALIA

The phone group said on Thursday it appointed Elisabetta Romano as Chief Technology officer. It added that the new manager, “responsible for ensuring technological innovation, evolution of the networks and for the IT required ...for Tim’s digitisation process”, would report directly to the CEO. (*) Activist fund Elliott stepped up pressure on Telecom Italia TIM shareholders to change the group’s board at a May 4 vote, in a move to reduce Vivendi’s influence and remove “an impediment to TIM’s full potential”.

ENI (*) The Italian oil major confirmed its production growth targets for the year after profits in the first quarter rose 31 percent boosted by higher oil prices and output.

Conference call on Q1 results at 1000 GMT.

Iraq failed to attract investment from the top global energy companies in its oil and gas exploration/development contract auction on Thursday, with no major firms winning any bids and only Eni submitting an offer.

Libya’s National Oil Corporation has held discussions with BP and Eni about resuming exploration activity in the North African country, it said on Thursday.

LEONARDO

Seeking to reduce Europe’s dependence on a market dominated by the U.S. and Israel, Airbus, Dassault Aviation and Leonardo, unveiled a first full-scale model of their planned Medium-Altitude Long-Endurance (MALE) drone at the Berlin air show. (*) The group said on Friday it signed and agreement with Australia’s Ministry of defence for a local transmission repair and overhal facility.

(*) LUXOTTICA

French eyewear company Essilor, which is in the process of merging with Luxottica, reported on Friday a dip in first-quarter sales on Friday as currency swings impacted its business.

The finalisation of the proposed combination between the two groups is planned for the firs part of this year, after obtaining all necessary authorisations.

(*) MEDIASET

The Berlusconi family could decide to sell its controlling share in the private broadcaster, la Repubblica reported, though adding that the “hypothesis is today unlikely”.

CNH (*) The group said on Friday it launched a new share buyback programme for up to $700 million.

Board meeting on Q1 results, followed by conference call (1330 GMT).

(*) GEDI

President Marco De Benedetti denied rumours regarding an interest in the publishing company by tycoon Xavier Niel in an interview with la Repubblica. “If we were to evaluate alliances these would be just to stregthen (the group), not for further distractions,” De Benedetti said.

UNIEURO

The consumer electronics group said on Thursday it would pay a dividend of 1 euro per share after posting a 5.3 percent rise in adjusted EBITDA for the financial year ending in Feb. 2018.

CATTOLICA

The insurer said on Thursday it appointed Valter Trevisani as General Manager, effective from May 2.

CIR

Board meeting on Q1 results (0730 GMT) and annual and extraordinary shareholders’ meetings (0900 GMT).

COFIDE

Board meeting on Q1 results (1230 GMT) and annual and extraordinary shareholders’ meetings (1400 GMT).

ITALIAONLINE

Annual and extraordinary (0900 GMT) and saving (1400 GMT) shareholders’ meetings.

TENARIS

Conference call on Q1 results (1200 GMT).

TREVI

Bond holders’ meeting (0900 GMT).

UNIEURO

Conference call on FY results, closed on Feb. 28, 2018 (0800 GMT).

(*) ALITALIA

The major unions of the sector are supporting a bid for the Italian carrier by easyJet and Delta which will grant a greater dialogue over employment issues, La Repubblica reported.

Board meetings on Q1 results: ACSM-AGAM, ELICA , LUXOTTICA (sales) followed by conference call (1630 GMT), PIERREL.

Board meetings on FY results: BIALETTI INDUSTRIE, BORGOSESIA, NETWEEK, PRELIOS, TERNIENERGIA.

Annual general meetings: A2A (0900 GMT), ACQUAFIL (1330 GMT), AEDES (0800 GMT), AXELERO , BANCA FINNAT (0800 GMT), BRIOSCHI SVILUPPO IMMOBILIARE (0900 GMT), CAD IT (0730 GMT), CAIRO COMMUNICATION (0800 GMT), COVER 50 (1200 GMT), CREDITO EMILIANO (1500 GMT), CREDITO VALTELLINESE (0730 GMT), CRESCITA (0700 GMT), DBA GROUP, EL.EN., ELETTRA INVESTIMENTI (1000 GMT), ELICA (0700 GMT), EMAK (0800 GMT), ENAV (1300 GMT), ENERGICA MOTOR COMPANY (0730 GMT), ENERVIT (0930 GMT), EXPRIVIA (0900 GMT), FIDIA (1400 GMT), FILA (0800 GMT), FRENDY ENERGY (0900 GMT), GAMBERO ROSSO (0930 GMT), GAMENET GROUP (0900 GMT), GEL (0800 GMT), GIMA TT (0800 GMT), HEALTH ITALIA (1030 GMT), IL SOLE 24 ORE (0730 GMT), IMA (1015 GMT), INIZIATIVE BRESCIANE (1300 GMT), INTESA SANPAOLO (0800 GMT), LEONE FILM GROUP (1300 GMT), LU-VE (0830 GMT), NOTORIOUS PICTURES (0700 GMT), PANARIAGROUP (0800 GMT), PLT ENERGIA (0900 GMT), PORTALE SARDEGNA (0830 GMT), PRADA (1000 GMT), RETELIT (1300 GMT), ROSETTI MARINO (0900 GMT), SARAS, SMRE (0900 GMT), STEFANEL (0900 GMT), VETRYA, VITTORIA ASSICURAZIONI (0830 GMT), ZIGNAGO VETRO (0900 GMT).

Annual and extraordinary shareholders’ meetings: ENERTRONICA (1200 GMT), EXPERT SYSTEM (0800 GMT), GO INTERNET (0900 GMT), LVENTURE GROUP (0700 GMT), NOVA RE (1000 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:...............................

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below