Italy – Factors to watch on April 20

[ad_1]

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 .

GENERAL

Deaths from the COVID-19 epidemic in Italy rose by 433 on Sunday, the lowest daily tally in a week, and the number of new cases also slowed to 3,047 from a previous 3,491, the Civil Protection Agency said.

POLITICS

The Italian government is working to set nationwide guidelines aimed at allowing business activities to restart from May 4, Prime Minister Giuseppe Conte wrote in a post on Facebook on Saturday.

In an interview with Germany’s Sueddeutsche Zeitung on Monday Conte repeated calls for the European Union to issue common euro zone bonds to tackle the coronavirus crisis.

Rome, Cabinet meeting (0800 GMT).

DEBT

Italy is considering ways to encourage retail investors to buy government debt as it ramps up spending to fight the coronavirus crisis, a source close to the matter told Reuters on Friday.

COMPANIES

ENI, SAIPEM

The U.S. SEC said on Friday Italian oil and gas group had agreed to settle charges it breached corruption accounting rules over “improper” payments by the former unit Saipem in Algeria. The SEC said Eni, without admitting or denying the SEC’s findings, had agreed to the entry of an order to cease and desist from violating the controls provisions and pay $24.5 million in disgorgement and prejudgment interest.

(*) SAIPEM

Saipem said on Monday that the Cepav due consortium, in which it holds a 59.09% stake and operational leadership, will start the realisation of the second construction lot for the Brescia Est-Verona high-speed railroad section, worth a total of approximately 514 million euros and in which Saipem’s share amounts to approximately 304 million euros.

(*) ATLANTIA

As the government does not plan to withdraw the motorway concession to its unit Autostrade, the company is expected to publish its full year results, a source close to the matter said after a board meeting on Friday.

LEONARDO, POSTE ITALIANE, ENEL, ENI

Chief executives of ENI, ENEL, Poste, Leonardo are all set to win another mandate at the helm of the state-controlled companies, Italian government sources told Reuters on Friday. The Treasury is expected to publish its slate of board nominees for the various companies on Monday.

(*) LEONARDO

A German procurement proposal to replace Germany’s aging fleet of Tornado fighter jets foresees the purchase of up to 93 Eurofighters, and up to 45 F-18s from Boeing BA.N, a German Defence Ministry source said. Parliament would probably only deal with the proposal in 2021 or 2022, the source added. The Eurofighter is built by Airbus, Britain’s BAE Systems and Italy’s Leonardo.

DIASORIN

The Italian medical diagnostic group said on Friday it had won European conformity (CE) approval for its Sars-Cov-2 serology kit.

TELECOM ITALIA (TIM)

CNQuadri, a group of TIM managers, urged phone group shareholders to give up their dividend on 2019 results, allowing the company to count on additional cash for investments during the coronavirus emergency, a letter published on CNQuadri’s website showed.

CNQuadri, which holds 5,000 shares in the Italian phone carrier, will vote against the proposed distribution of a dividend of 0.01 euros at the Annual General Meeting on Thursday, Il Sole 24 Ore reported on Saturday.

Luxembourg-based holding company Partners Telecom Sarl held 2.987% of Tim as of March 18, a Consob filing showed on Friday.

DAVIDE CAMPARI

The maker of the Campari red aperitif said on Friday it had entered exclusive negotiations with privately-owned French company SARL FICOMA to buy 80% of the Champagne brand founded in 1906 in the town of Ay.

A2A

The municipalities of Milan and Brescia, the two top investors of the Italian utility, indicated former CEO of Telecom Italia Marco Patuano as chairman and former boss of state railways firm Ferrovie dello Stato Renato Mazzoncini as Chief Executive in their list of candidates for the renewal of the board.

BANCA MONTE DEI PASCHI DI SIENA

Former Carige CEO Guido Bastianini is the frontrunner to become the new head of lender Monte dei Paschi di Siena as the nomination process at key state-controlled companies comes to an end, two government sources said on Friday.

(*) BRUNELLO CUCINELLI

The Italian luxury group has reopened its prototype and style departments, with 25% of its total staff working, Chairman Brunello Cucinelli said in an interview with La Stampa on Monday. Cucinelli added that the group would return to a “balanced and sustainable growth” by 2021-22. He reiterated that the group would not take part at the Pitti men’s fashion week in Florence should it be held in September.

AS ROMA

Players and coaches agreed to go without four months’ salary, ensuring the Italian club gross savings of 30 million euros and help it through the stoppage caused by the novel coronavirus outbreak, the club said on Sunday.

BANCA CARIGE

Savings shareholders’ meeting (0830 GMT).

PIAGGIO

Piaggio said on Friday it had signed an agreement with trade unions to restart production in its Pontedera plant.

Trade ex-dividend: CAMPARI GROUP of 0.055 euro per share; FERRARI of 1.13 euro per ordinary share.

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:………………………….

[ad_2]

Source link