February 6, 2020 / 5:00 AM / 14 days ago

Italy - Factors to watch on Feb. 6

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 .

UNICREDIT

Italy’s biggest bank by assets took a further step on Wednesday in a strategy to streamline its structure, announcing the placement of a 12% stake in Turkish bank Yapi Kredi .

The lender posted a lower-than-expected fourth quarter net loss driven by one-off costs and writedowns of problem loans, while meeting its full-year underlying net profit target.

A conference call (0900 GMT) and a news conference (1300 GMT) will follow the results release.

The bank named Beatriz Lara Bartolomé and Diego De Giorgi to replace Fabrizio Saccomanni and Martha Boeckenfeld as independent non-executive directors.

ATLANTIA

The government has no intention of softening new rules that make it easier to revoke motorway concessions even if part of the ruling coalition remains opposed, a source in the Democratic Party (PD) told Reuters late on Wednesday. The small Italia Viva party, whose support is key for the government, opposes the rule on concessions and has asked for changes before it is ratified.

BPER BANCA

Italy’s sixth-largest lender reported a fourth-quarter net loss on Wednesday, due to one-off charges and further writedowns to dispose of bad loans.

FIAT CHRYSLER AUTOMOBILES

Board meeting on FY results, followed by conference call (1300 GMT).

(*) BANCA MONTE DEI PASCHI DI SIENA

Ardian and Blackstone have offered around 300 million euros for a real estate portofolio being sold by the bank, Il Sole 24 Ore said. According to the paper, the lender will soon decide between the two bidders.

MEDIOBANCA

Board meeting on H1 results, followed by conference call (14,00).

(*) ENI, ENEL, POSTE, TERNA , LEONARDO, MPS

Ahead of the renewal of the boards in companies in which the State has a stake, the CEO of Enel Francesco Starace could be confirmed and Eni’s CEO Claudio Descalzi could be replaced. Also the CEO of Mps Marco Morelli could leave the role, La Repubblica said.

The Italian Government has decided to submit to the Treasury the names of the directors for these companies 40 days before their shareholders’ meetings, before the legal deadline, the paper added.

ENEL

Board meeting on preliminary FY results.

AUTOGRILL

Board meeting on FY results (revenues).

BANCO BPM

Board meeting on FY results.

(*) RCS

The publisher announced 50 redundancies among journalists, trade union representatives said in a statement published on Thursday in Corriere della Sera, a newspaper owned by the Italian group.

TECHNOGYM

Technogym’s top shareholder Wellness Holding sold a 4.98% stake via an accelerated bookbuilding.

(*) The sale price was 11,45 euros per share.

(*) CREDITO VALTELLINESE

Italian mid-sized bank’s profit increased to 56.2 million euros in 2019 compared with 31.7 million euros in the previous year.

(*) TERNIENERGIA

Softeco Sismat has signed an industrial and commercial partnership with Seaside.

LVENTURE GROUP

Board approved on Wednesday the update of 2020-2022 business plan.

AEROPORTI DI BOLOGNA

The company reported a 9.9% increase in passengers in January.

DIARY

Rome, Senate holds question time with Prime Minister Giuseppe Conte (1400 GMT).

Rome, Cabinet meeting (1600 GMT).

Rome, Treasury department holds summit on tax reform.

Rome, Prime Minister Giuseppe Conte, Family Minister Elena Bonetti, Education Deputy Minister Anna Ascani attend event during ‘Safer Internet Day 2020’ (0900 GMT).

Rome, European Affairs Minister Vincenzo Amendola speaks before Senate Budget and EU Policies committees on 2021-2027 financial framework(1200 GMT).

Ferrera Erbognone, Eni holds inauguration ceremony for supercomputer ‘Eni HPC5’ with CEO Claudio Descalzi and Chairwoman Emma Marcegaglia, Industry Minister Stefano Patuanelli (1400 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