June 18, 2018 / 4:04 AM / 6 months ago

Italy - Factors to watch on June 18

MILAN, 18. june (Reuters) - 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

Prime Minister Giuseppe Conte meets German Chancellor Angela Merkel in Berlin (1700 GMT).

President Emmanuel Macron on Friday urged Italy’s new prime minister to work with France, Germany and Spain on resolving migration issues rather than siding with an anti-immigration “axis” emerging within the European Union.

Rescued migrants turned away by Italy and Malta arrived at the Spanish port of Valencia on Sunday, ending a gruelling Mediterranean odyssey that became symbolic of Europe’s failure to agree on immigration.

ECONOMY

ISTAT releases April foreign trade data (0800 GMT).

DEBT

Italian government bonds were on Friday headed for their best week since September 2012, boosted by a benign European Central Bank announcement on interest rates and this week’s positive comments on the euro from Italy’s anti-establishment government.

(*) Bank of Italy Director General Salvatore Rossi told L’Economia on Monday that uncertainty over Italian public finances was the reason that pushed investors to demand higher returns on the country’s debt. Rossi said a permanent 100 basis point increase in Italy’s debt cost issuance translated into additional interest spending of 1.7 billion euros the first year, 3.4 billion euros the second and 6.8 billion euros the third.

FERRARI

As part of its next business plan the car group could announce business deals with other luxury groups, Milano Finanza said on Saturday, citing LVMH as a possible commercial partner.

INTESA SANPAOLO

The lender is still in the early stages of looking for an investor in its wealth management unit and is talking to several potential partners, the chief executive of Italy’s biggest retail bank said on Friday.

BANCO BPM

The group confirmed it will push 5.1 billion euros of bad loans off its balance sheet by June 30 through a securitisation sale.

LUXOTTICA, ESSILOR

Essilor said on Friday it had called the first shareholders’ meeting of EssilorLuxottica on July 25, in anticipation of the completion of the combination with Luxottica which is expected to occur within the coming weeks.

AEFFE

The director general of the Italian fashion group told Reuters on Friday the group did not rule out the payment of a dividend in 2018-2019 but reducing debt was the priority. He added that the group saw 2018 revenues up 10-13 percent.

(*) ASTALDI

Creditor banks and have agreed to put in 60 million euros of fresh financing to help support the group until a new share issue expected at the latest in September, la Repubblica Affari&Finanza reported on Monday. Existing credit lines worth 300 million euros are also expected to be prolonged until Dec. 2019.

BANCA IFIS

The Italian bank is on track to meet its goal of a net profit of around 240 million euros in 2019 when it expects its non-performing loan business to account for more than 50 percent of its operating profit, Il Sole 24 Ore reported on Sunday.

VERSACE

CEO Jonathan Akeroyd told L’Economia on Monday the group would hit 1 billion euros in sales “in the short term,” following an 18 percent increase in revenue over the past 12 months and a 50 percent rise in earnings before interest, tax, depreciation and amortisation. Shareholder Donatella Versace said she was open to a “better dialogue” with a rival fashion house, adding that Versace could still consider a bourse listing “if conditions are right”.

AEFFE, ALITALIA

Despite a cloud over its future, Alitalia is decking out its flight attendants in sleek new uniforms designed by Alberta Ferretti, featuring the colours of the Italian flag.

ITALIA INDEPENDENT GROUP

Starts capital increase, ends on July 6.

TELESIA

Extraordinary shareholders’ meeting (1300 GMT).

YOOX NET-A-PORTER

The online retailer’s shares are suspended from trading on June 18 and 19 ahead of delisting on June 20.

FTSE Indexes revision effective as of today.

Trade ex-dividend: ACEA of 0.63 euro per share; AUTOGRILL of 0.19 euro per share; DIGITOUCH of 0.04 euro per share; EXOR of 0.35 euro per share; FERVI of 0.15 euro per ordinary share; FNM of 0.02 euro per share; HERA of 0.095 euro per share; IREN of 0.07 euro per share; POSTE ITALIANE of 0.42 euro per share; SNAM of 0.1293 euro per share as final dividend (0.0862 euro per share as interim dividend on Jan. 22, 2018); STMICROELECTRONICS of 0.06 U.S. dollars per share as quarterly dividend; TELECOM ITALIA (TIM) of 0.0275 euro per saving share; TERNA of 0.145737 euro per share as final dividend (0.074263 euro as interim dividend on Nov. 20, 2017).

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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