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Italy - Factors to watch on February 28
February 28, 2014 / 3:00 AM / 4 years ago

Italy - Factors to watch on February 28

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 (*).

POLITICS

Cabinet meeting expected.

ECONOMY

January and Q4 unemployment data (0900 GMT) and February inflation data (1000 GMT).

Reuters releases February asset allocation (1200 GMT).

COMPANIES

ENI

Italian oil and gas major Eni ENI.MI signed a deal on Thursday to revise its long-term gas supply contract with Norway’s Statoil STL.OL that should boost its operating profit this year by around 1 billion euros ($1.4 billion).

SALINI

The Panama Canal and a Spanish-led consortium expanding the major maritime artery have reached a preliminary deal to complete work on a project stymied in a row over $1.6 billion in cost overruns, the canal’s administrator said on Thursday.

FIAT

The carmaker is thinking of issuing a convertible bond worth $2 billion, newspapers reported citing Bloomberg.

BANCO POPOLARE

The bank is set to publish full-year results ahead of market opening. The bank has forecast a 2013 loss of around 600 million euro due to large loan writedowns.

Conference call at 0900 GMT.

* PIRELLI

Italian tyremaker Pirelli said on Friday it had agreed to sell all of its steelcord business to Belgium’s Bekaert in a deal worth around 255 million euros.

LUXOTTICA

Ray-Ban sunglasses maker Luxottica forecast sales and profit growth in 2014, driven by emerging markets, where sunglasses are popular as an affordable luxury purchase.

Holds investor presentation on FY results.

FINMECCANICA

Finmeccanica’s helicopter unit inks 100 million euro contract.

RISANAMENTO

The board of debt-laden real estate group Risanamento has delayed final approval of a vital sale of its Paris assets to allow for a legal assessment on whether the transaction is compatible with its debt restructuring plan.

TELECOM ITALIA

The board of Italy’s biggest phone group Telecom Italia approved on Thursday a set of guidelines aimed at safeguarding the interest of minority shareholders when the board is up for renewal in April.

MONCLER

Holds annual general meeting (0900 GMT).

* SNAM

Italian gas transport group Snam SRG.MI said on Friday its net profit in 2013 rose 17.7 percent thanks to lower financial expenses.

JUVENTUS, S.S. LAZIO

Board meetings on H1 results

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:...............................

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