Italy - Factors to watch on May 13

Pininfarina SpA

13/05/2019 05:00

The following factors could affect Italian markets on Monday.
    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
 IT/DIA .
        
    ECONOMY
    OECD releases March composite leading indicator (1000 GMT).
    
    COMPANIES
    SALINI IMPREGILO  SALI.MI 
    The Italian construction group said on Friday it had won a
350 million euro high-speed train contract in Turkey.
 urn:newsml:reuters.com:*:nFWN22M11G
    
    SALINI IMPREGILO, ASTALDI  AST.MI 
    A week before the deadline for builder Astaldi to present an
accord with creditors, state lender CDP is yet to confirm it
will back Salini's rescue of the troubled rival because it is
awaiting assurances over conditions it has posed to take part in
the deal, la Repubblica reported on Sunday.
    
    GEOX  GEO.MI  
    The Italian shoemaker posted on Friday a 1.6 percent drop in
first-quarter sales at constant currencies and said a downsizing
of its franchising network had hurt retail revenue.
Like-for-like sales in directly-operated stores, however, rose
3.4% helped by a 25% rise in online sales.  urn:newsml:reuters.com:*:nBIA3b1Sl9
    
    UNICREDIT  CRDI.MI  
    CEO Jean Pierre Mustier reiterated in an interview with
Saturday's Corriere della Sera that cross-border mergers are
difficult in Europe to pull through and UniCredit targeted
organic growth in answer to a question on Commerzbank  CBKG.DE .
Regarding Carige, Mustier repeated UniCredit was ready to
support industry-wide rescue efforts but, as a bank, was focused
on organic growth. 
    
    TISCALI  TIS.MI 
    The Internet provider said on Saturday an investment vehicle
run by ex-Goldman banker Claudio Costamagna, former Metroweb CEO
Alberto Trondoli and Fastweb director Manilo Marocco had agreed
to buy 22.06% of the group to support its relaunch working
alongside founder and 7.9% investor Renato Soru. A board meeting
has been called on Monday to discuss governance.  urn:newsml:reuters.com:*:nNDL5zRlr5
    
    ENI  ENI.MI 
    The Nigerian government has accused former President
Goodluck Jonathan and his then oil minister of accepting bribes
and breaking the country's laws to broker a $1.3 billion oil
deal eight years ago, a London court filing shows. urn:newsml:reuters.com:*:nL5N22M5O7
    
    UNIPOLSAI  US.MI 
    The Italian insurer is about to carry out a long-term car
rental acquisition and is looking to expand the range of
services it offers to its motor insurance customers, CEO Carlo
Cimbri said in an interview with Milano Finanza on Saturday.
        
    LEONARDO  LDOF.MI 
    The Italian defence group is among several suitors which on
Wednesday will submit expressions of interest for Piaggio Aero,
la Repubblica reported on Sunday.
    
    INTESA SANPAOLO  ISP.MI  - Banca IMI Securities Corp has
pleaded guilty to an antitrust charge and was sentenced to a pay
a criminal fine of more than $2 million for its involvement in a
conspiracy to rig bids for pre-release American Depository
Receipts (ADRs), the U.S. Justice Department said in a statement
on Friday.  urn:newsml:reuters.com:*:nL2N22M18T
         
    BANCO BPM  BAMI.MI  
    Italy's third-largest bank targets a cost of risk of 65-70
basis points at end-2019 and is not witnessing a deterioration
in credit quality despite Italy's worsening economy, Il Sole 24
Ore said on Sunday.  
    
    FINECOBANK  FBK.MI 
    UniCredit said on Friday the asset manager and online bank
was no longer part of the group.   urn:newsml:reuters.com:*:nFWN22M1J0
    CEO Alessandro Foti told Corriere della Sera on Sunday that
the group would remain focused on organic growth.
    
    CALEFFI  CLFF.MI  
    The textile group on Friday reported a 4 percent in
first-quarter revenue and said it would continue to pursue
external growth in markets where it is not currently present
under a new plan that will be unveiled in September.
 urn:newsml:reuters.com:*:nFWN22M11L
         
    TOSCANA AEROPORTI  TYA.MI 
    The Tuscan airport's operator reported on Friday a
first-quarter net loss of 0.8 million euros from a profit of 1.8
million euros a year earlier.  urn:newsml:reuters.com:*:nFWN22M11O
    
    BANCA IFIS  IF.MI 
    Top shareholder La Scogliera holds 50.28 percent of the
bank's capital after buying 40,000 shares on Friday.
    
    A2A  A2.MI 
    Annual general meeting (0900 GMT).
    
    IREN  IREE.MI 
    Board meeting on Q1 results, followed by conference call
(1530 GMT).
    
    PRYSMIAN  PRY.MI 
    Board meeting on Q1 results, followed by conference call.
    
    SARAS  SRS.MI 
    Board meeting on Q1 results, followed by conference call
(1400 GMT).
    
    PININFARINA  PNNI.MI 
    Annual general meeting (0930 GMT) and board meeting on Q1
results.
    
    FINTEL ENERGIA GROUP  FTL.MI 
    Board meetings on FY results.
    
    Board meetings on Q1 results: AVIO  AVI.MI , ASCOPIAVE
 ASCI.MI , BANCA INTERMOBILIARE  BIM.MI , ENERVIT  ENVT.MI ,
GABETTI PROPERTY SOLUTIONS  GABI.MI , GEFRAN  GFRN.MI  (0800
GMT), MOLMED  MLMD.MI , MONDO TV  MTV.MI , TXT E-SOLUTIONS
 TXTS.MI , WIIT  WIIT.MI , ZUCCHI GROUP  ZUCI.MI .
    
    Annual general meetings: ALFIO BARDOLLA TRAINING GROUP
 ABTG.MI , ROSSS  ROSS.MI  (0630 GMT), TISCALI  TIS.MI  (1300
GMT).
    
    Trade ex-dividend: ALERION CLEAN POWER  ARN.MI  of 0.034
euro per ordinary share; BANCA FINNAT  BFE.MI  of 0.01 euro per
ordinary share; BANCO DI SARDEGNA  SARIn.MI  of 0.50394 euro per
saving share, of 0,48 euro per preferred share, of 0.45 euro per
ordinary share; COVER 50  COV.MI  0,50 euro per share; COVIVIO
 CVO.MI  of 4.60 euro per share; ESPRINET  PRT.MI  of 0.135 euro
per ordinary share; FALCK RENEWABLES  AA4.MI  of 0.063 euro per
share; FINLOGIC  FNL.MI  of 0.1437 euro per share; GEFRAN
 GFRN.MI  of 0.32 euro per share; GIMA TT  GIMA.MI  of 0.42 euro
per share; GPI  GPI.MI  of 0.33 euro per share; IGD  IGD.MI  of
0.50 euro per share; LUCISANO MEDIA GROUP  LCMG.MI  of 0.05 euro
per share; RENO DE MEDICI  RDM.MI  of 0.0245 euro per saving
share and of 0.007 euro per ordinary share; ROSETTI MARINO
 YRM.MI  of 0.70 euro per share; SG COMPANY  SGCO.MI  of 0.06
euro per share; SIT  SITT.MI  of 0.28 euro per share; SOMEC
 SOME.MI  of 0.50 euro per share; ZIGNAGO VETRO  ZV.MI  of 0.36
euro per share.
    
    DIARY
    ...
    
    ((Milan newsroom, +39 02 6612 9507, fax +39 02 801149, 
milan.newsroom@news.reuters.com))
    
    For Italian market data and news, click on codes in 
brackets:

    20 biggest gainers (in percentage)............ .PG.MI 
    20 biggest losers (in percentage)............. .PL.MI 
    FTSE IT allshare index  .FTITLMS 
    FTSE Mib index........  .FTMIB 
    FTSE Allstars index...  .FTSTAR 
    FTSE Mid Cap index....  .FTITMC 
    Block trades..........  .BLK.MI 
    Stories on Italy......  IT-LEN 
    
    For pan-European market data and news, click on codes in 
 brackets:
  European Equities speed guide................... EUR/EQUITY 
  FTSEurofirst 300 index.............................. .FTEU3 
  DJ STOXX index...................................... .STOXX 
  Top 10 STOXX sectors........................... .PGL.STOXXS 
  Top 10 EUROSTOXX sectors...................... .PGL.STOXXES 
  Top 10 Eurofirst 300 sectors................... .PGL.FTEU3S 
  Top 25 European pct gainers....................... .PG.PEUR 
  Top 25 European pct losers........................ .PL.PEUR 
 
  Main stock markets:
  Dow Jones............... .DJI   Wall Street report ..... .N 
  Nikkei 225............. .N225   Tokyo report............ .T 
  FTSE 100............... .FTSE   London report........... .L 
  Xetra DAX............. .GDAXI   Frankfurt market stories .F 
  CAC-40................. .FCHI   Paris market stories... .PA 
  World Indices..................................... 0#.INDEX 
  Reuters survey of world bourse outlook......... EQUITYPOLL1 
  Western European IPO diary.......................... WEUIPO 
  European Asset Allocation........................ EUR/ASSET 
  Reuters News at a Glance: Equities............... TOP/EQE 
  Main currency report:............................... FRX/