July 19, 2018 / 4:04 AM / 5 months ago

Italy - Factors to watch on July 19

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 .

POLITICS

‘Ventaglio Ceremony’ at Chamber of Deputies ahead of summer break with Speaker Roberto Fico (11,00).

ECONOMY

Reuters releases quarterly poll on Italian economy.

Welfare institute INPS President Tito Boeri speaks before chamber of deputies finance committee on “dignity” decree (1530 GMT).

BANCA CARIGE

Banca Carige’s top shareholder Vittorio Malacalza on Wednesday threatened potentially to take legal action against the bank’s management in an escalating boardroom row that could put the Italian lender’s turnaround at risk.

UNICREDIT, BANCA IFIS

Italy’s biggest bank UniCredit said on Wednesday it had sold a soured loan portfolio with a nominal value of 537 million euros ($625 million) to Banca IFIS.

(*) ENI

Asked about whether accusations of corruption against CEO Claudio Descalzi where an issue for the government, Prime Minister Giuseppe Conte told Il Fatto Quotidiano in an interview that the government would deal with the matter when managers at state-owned companies come up for renewal. He added that in future any manager accused of corruption would be “accompanied to the door”.

(*) GENERALI

Generali has entered into a share purchase agreement with Life Company Consolidation Group (LCCG) to sell its entire shareholding in Generali Worldwide Insurance Company Limited and Generali Link, the insurer said in a statement on Thursday.

FIAT CHRYSLER

The carmaker dismissed a report by gossip site Dagospia that Vittorio Colao is to replace Fiat Chrysler’s CEO Sergio Marchionne, who recently underwent surgery, calling it “totally unfounded”. The company reiterated that Marchionne’s succession “will take place at the appropriate time and the successor, to be promoted from within, will be chosen based a rigorous decision-making process initiated some time ago”. (*) The carmaker has kicked-off the process for the spin-off of Magneti Marelli and will put the parts maker under a Netherlands-registered holding, emulating what happened with other companies spun-off from the parent, Il Sole 24 Ore said. The move will also include a loyalty share scheme, the paper added. (*) Fiat Chrysler CEO Sergio Marchionne, who is recovering from a shoulder operation, may not be present to discuss the company’s second-quarter earnings with analysts on July 25, Italian website Lettera43 said, without attributing the information.

TELECOM ITALIA, ILIAD

French telecoms operator Iliad said on Wednesday that one million subscribers had already signed up for its low-cost offer in Italy, just 50 days after its launch.

ENEL

Italian broadband group Open Fiber, half-owned by Enel, said the board of the European Investment Bank had approved 350 million euros in financing for the company.

PRYSMIAN

Capital increase ends.

PIQUADRO

Annual and extraordinary shareholders’ meetings (0900 GMT).

ZEPHYRO

Extraordinary shareholders’ meeting (0800 GMT).

IPO, SCIUKER FRAMES

Italian window maker Sciuker Frames plans to list on the small businesses’ segment of the Milan bourse this summer and has set a price range for an initial public offering at between 1.5-1.8 euros per share, it said on Wednesday.

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