August 8, 2014 / 10:12 AM / 3 years ago

Short-selling on Monte Paschi, Tod's shares temporarily banned

MILAN, Aug 8 (Reuters) - Italian market watchdog Consob temporarily banned short-selling in the shares of bank Monte dei Paschi di Siena and luxury shoemaker Tod’s after both stocks fell sharply following disappointing results.

Consob said in a statement the ban would come into force with immediate effect and last until the end of the trading session on Monday.

Both Monte Paschi and Tod’s reported first-half results on Thursday after market closed.

Reporting by Silvia Aloisi, editing by Valentina Za

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