Italian Stocks - Factors to watch on July 8

Tue Jul 8, 2008 8:10am BST
 
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 MILAN, July 8 (Reuters) - The following factors could affect
Italian markets on Tuesday.
 Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
 
 GENERALI (GASI.MI: Quote, Profile, Research)
 Activist fund Algebris has again taken aim at the insurer,
this time questioning its investment in control of Telecom
Italia (TLIT.MI: Quote, Profile, Research) and in Banca Carige (CRGI.MI: Quote, Profile, Research).
 For a full story, double click on [nL07213916].
 
 FIAT (FIA.MI: Quote, Profile, Research)
 The car maker will temporarily shut down most of its plants
in Italy for periods in the coming months because of weak demand
for its cars.
 The measure -- which will send thousands of workers home on
a reduced salary -- is the harshest since the industrial group
fell on hard times at the beginning of the decade.
 For a full story, double click on [nL07133264].
 
 A Fiat plant will begin assembling cars in Iran by next
autumn, according to several newspapers; it will start with
50,000 units of the Siena model a year with parts imported from
Fiat's joint venture in Turkey.
 
 ATLANTIA (ATL.MI: Quote, Profile, Research)
 The toll-road operator forecast annual revenue growth of 4
percent through 2012 and announced plans to expand abroad. But
its shares fell on Monday after regulators asked for a rethink
of new highway rules.
 For a full story, double click on [nL0794429].
 
 BANCA POPOLARE DI MILANO (PMII.MI: Quote, Profile, Research)
 The cooperative bank's board meets amid reports its
director-general, Fabrizio Viola, might resign.
 
 BANCA MONTE DEI PASCHI (BMPS.MI: Quote, Profile, Research)
 The bank is set to sell 70 percent of its asset management
unit and 49 percent of Banca del Monte di Parma as part of its
sale of assets to fund its purchase of Banca Antonveneta, Il
Sole 24 Ore reports; it is expected to raise 400 million euro
for the asset manager and 100 million euros for its Parma stake.
 
 ALITALIA (AZPIa.MI: Quote, Profile, Research)
 The airline's cargo business has attracted the interest of
Alcide Leali, the founder of Air Dolomiti, and Miro Radici, an
industrial group, Il Sole 24 Ore says.
 
 * The government could consider changing an antitrust law to
make it easier for the airline to merge with domestic rival Air
One, according to MF.
 
 ACEA (ACE.MI: Quote, Profile, Research), GAS PLUS (GSP.MI: Quote, Profile, Research)
 The Italian utility has formed a partnership with Gaz de
France GAZ.PA and Gas Plus to set up a gas storage facility.
 For a story, double click on [nPAC009634].
 IMPREGILO (IPGI.MI: Quote, Profile, Research)
 The construction company said it had been notified that an
investigation into the handling of rubbish in the Campania
region by its Fisia Italimpianti, Fibe and Fibe Campania units
had concluded -- a precursor to a decision on whether the case
goes to court. It said the units were confident of being able to
demonstrate they had acted completely within the law.
 
 * RCS MEDIAGROUP (RCSM.MI: Quote, Profile, Research)
 Dresdner starts coverage of the media group with a "sell"
rating and a price target of 1.25 euros.
 For a story, double click on [nWNA9169].
 
 * INTESA SANPAOLO (ISP.MI: Quote, Profile, Research), BANCO POPOLARE (BAPO.MI: Quote, Profile, Research), UBI
BANCA (UBI.MI: Quote, Profile, Research)
 Credit Suisse slightly lowers its target price for each of
the banks while keeping its rating on them unchanged.
 For more research alerts on Italian stocks, double click on
[IT-RCH-LEN-RTRS].
 
 * ROBERTO CAVALLI
 Designer Roberto Cavalli has decided not to sell his fashion
house, he told Il Sole 24 Ore newspaper, because prices have
fallen during the market crisis.
 For a full story, double click on [nL08340765].
 





































 
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