MILAN, Jan 28 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 (*).
Italian government plans car incentives of 700 to 800 euros
a vehicle, about half last year's 1,500 euro figure, and would
grant this aid for only six months, Corriere della Sera said in
an unsourced report
* UNICREDIT (CRDI.MI)
Eastern Europe's biggest lender expects non-performing loans
there to peak in 2010, Deputy Chief Executive Sergio Ermotti
told Reuters. [ID:nWLB6129]
Fabrizio Palenzona, head of Italian motorway association
Aiscat, said on Wednesday he thinks the idea of a merger between
Atlantia and Spanish motorway group Abertis ABE.MI is still
valid, but added he was not aware of any talks under way.
Talks have stalled between Italy's Finmeccanica SIFI.MI
unit Alenia and the United Arab Emirates over a 1-billion euros
contract for M-346 military training aircraft, industry
publication Defense News said on Wednesday. [nLDE60Q2QE]
Shareholder Taihan Electric Wire Co (001440.KS) said on
Thursday that it has wound up swap agreements on Prysmian shares
and continues to hold a 9.9 percent stake in the Italian cable
TELECOM ITALIA (TLIT.MI)
Spain's Telefonica (TEF.MC) chairman Cesar Alierta may float
a proposal to buy Italian rival Telecom Italia, linking up with
Italy's Marco Fossati whose family owns 5 percent of the Italian
operator, Bloomberg said citing Fossati.[ID:nSGE60R04F]
A Brussels-based telecoms lobbying group called on the
European Commission on Wednesday to intervene on behalf of
Telecom Italia in an escalating dispute with Argentina over its
A majority of regional authorities adopted a negative
opinion on a government plan to promote nuclear power in Italy,
la Repubblica said citing a regional leader.
SMALL AND MID CAPS
Italian oil refiner ERG SpA (ERG.MI) and France's Total SA
(TOTF.PA) have agreed a refining and marketing joint venture in
Italy, the companies said on Thursday, in ERG's second move to
gain a foreign partner at home. [ID:nLDE60R0B3]
Italian designer shoe and bag maker Tod's reported an
increase in 2009 sales, showing that it was one of only a few
luxury goods companies to see any growth during the global
financial crisis. [ID:nLDE60Q2OZ]
* GEMINA GEMI.MI
Civil aviation authority ENAC is close to giving its
approval for a revamp of Rome's main Fiumicino airport,
including on tariffs, Il Messaggero said in an unsourced report.
The airport is run by Gemina unit Aeroporti di Roma.
ANSALDO STS (STS.MI)
Sales in 2009 grew 6.3 percent to 1.175 billion euros with
orders up 38 percent at 1.790 billion euros. EBIT was 125
million euros. [nBIA27c36]
The oil refiner is due to meet the financial community on
Thursday for an update on the debt situation in a regular road
show, a company spokesperson said. Sources said the meeting
could pave the way for a possible bond issue.
* RCS MEDIGROUP (RCSM.MI)
UBS cuts price target to 1.30 euros, from 1.40 euros, rating
MARIELLA BURANI FASHION GROUP MBFG.MI
Italian prosecutors have asked the Burani family for a
further financial commitment beyond 50 million euros for
Mariella Burani Fashion Group, a legal source said on Wednesday.
Italian fashion house Valentino believes it is too early to
be optimistic about 2010 in spite of positive signals in
December and January, its chief executive said on Wednesday
after unveiling the new spring/summer collection.