July 22, 2019 / 4:00 AM / a month ago

Italy - Factors to watch on July 22

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 .

POLITICS

Italy’s fractious coalition partners are gearing up for a showdown this week that is likely to determine if the government will collapse, triggering autumn elections, or survive to the end of the year.

CAMPARI

Italian drinks group Campari said it entered exclusive talks to buy French firm Rhumantilles SAS in an effort to strengthen its rum business and grow its market in France.

UNICREDIT

UniCredit’s new business plan will be based on organic growth, Chief Executive Officer Jean Pierre Mustier tells Milano Finanza daily on Saturday.

(*) GENERALI

The insurer’s financial targets include more M&A operations after the company acquired two companies in Portugal, general manager Frederic de Courtois told La Repubblica daily on Monday. He said the insurer plans to increase its dividend, cut debt and redeploy capital.

(*) UBI

The Italian lender said on Monday it has sold around 900 millions euros of factoring and leasing bad loans with an overall gross writedown of 104 millions euros to be booked in the second quarter. Following the disposal, the bank’s ratio of total gross non performing exposures on gross total loans fell to 9,4% proforma from 10.4% at the end of March.

(*) MEDIOBANCA - Julius Baer said on Monday its Italian subsidiary Kairos - which Mediobanca is looking at - had suffered outflows in the first six months of 2019 related to a decline in fund performance last year. It said it had not decided on the strategic next steps for the asset manager.

ATLANTIA

Italy’s financial police confirmed media reports that they collected documents from the transport ministry last week as part of their continued investigation into last year’s Genoa bridge collapse that killed 43 people.

The Financial Times over the weekend cited a source close to the government as saying Atlantia could retain its motorway concession if it lowered tariffs and fired some managers, including CEO Giovanni Castellucci.

ENI

Italian oil major Eni, China’s overseas energy unit PetroChina and two trading houses are vying to supply liquefied natural gas (LNG) to Pakistan in one of the largest tenders ever worth billions of dollars, two sources familiar with the matter said on Friday.

TELECOM ITALIA

A single network entity controlled by Italy’s former monopoly phone group Telecom Italia (TIM) would be a “backward step”, the country’s communication watchdog chief Angelo Cardani said on Friday.

MEDIASET

Board meeting on Vivendi’s request to call a new extraordinary shareholder meeting.

ENEL

Trades ex-dividend of 0.14 euro per share as final 2018 dividend (0.14 euro per share as interim dividend on Jan. 21, 2019).

SOGEFI

Board meeting on H1 results.

DIARY

Rome, Chamber of Deputies starts examining law decree on Bank of Italy nationalisation.

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:...............................

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