March 14, 2018 / 5:00 AM / 9 months ago

Italy - Factors to watch on March 14

The following factors could affect Italian markets on Wednesday.

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 far-right League party and the 5-Star Movement, which both performed strongly in this month’s inconclusive national election, attacked European Union budget rules on Tuesday, saying they must be overhauled.

Trade association Confcommercio meets the leader of Italy’s anti-establishment 5-Star Movement Luigi Di Maio in Milan (1330 GMT).

ECONOMY

ISTAT releases January retail sales (0900 GMT).

Thomson Reuters holds conference on “European Banks: Trends, Risks and Vulnerabilities” with EBA-European Banking Authority Director Mario Quagliariello in Milan (1100 GMT).

ATLANTIA

Italy’s Atlantia and builder ACS reached an agreement over taking joint control of Abertis, sources said on Tuesday, putting an end to a long bidding war for the Spanish toll road operator. (*) The boards of both Atlantia and ACS are expected to meet on Wednesday to approved the deal, several papers said.

TOD’S

The luxury goods company said on Tuesday its new strategy focused on more collections and classic looks would deliver results in the “near future” after posting full-year results that were in line with market expectations.

The group’s CFO said a 2018 sales consensus of 979 million euros was “feasible” and added that the group’s online sales were up more than 30 percent.

LEONARDO

An Italian regional administrative court rejected an appeal by Aersud Elicotteri, which sells helicopters produced by Airbus in Italy, against a 380 million euro deal awarded to Leonardo.

SAFILO

The group said on Tuesday its full-year 2017 adjusted net loss was 47.1 million euros, down from a profit of 15.4 million euros the previous year.

(*) INTESA SANPAOLO

The bank’s asset management arm Eurizon is hoping to find an industrial partner that will take by year-end a stake of between 10-20 percent in the company and will help facilitate future tie-ups with other unlisted players in Europe, Il Sole 24 Ore said, citing the unit’s CEO Tommaso Corcos.

ITALGAS

The group acquired Seaside, with an enterprise value set at 8.5 million euros.

(*) SNAM

Italian gas grid company Snam on Wednesday raised its investment and profit targets to 2021 after a strong 2017, helped by healthy demand in Europe and efficiency gains.

Followed by press conference (1330 GMT) and FY results and strategy presentations (1530 GMT).

ENEL

CEO Francesco Starace attends report presentation on “100 Italian Circular Economy Stories” in Milan (0900 GMT).

UBI BANCA

First report presentation on “Welfare for People” with Management Board President Letizia Moratti in Sesto San Giovanni (0930 GMT).

ISAGRO

Conference call on FY results (0930 GMT).

SESA

Board meeting on Q3 results.

ACEA

Board meeting on FY results.

ANSALDO STS

Board meeting on FY results (1500 GMT - preliminary FY results on Jan. 24).

ASTM

Board meeting on FY results.

LEONARDO

Board meeting on FY results.

SIAS-SOCIETA INIZIATIVE AUTOSTRADALI SERVIZI

Board meeting on FY results.

B&C SPEAKERS

Board meeting (1000 GMT).

ACOTEL

Board meeting on FY results.

AEDES

Board meeting on FY results.

EQUITA GROUP

Board meeting on FY results.

ASCOPIAVE

Board meeting on FY results.

ASSICURAZIONI GENERALI

Board meeting on FY results (press release on March 15).

FULLSIX

Board meeting on FY results.

GAMENET GROUP

Board meeting on FY results, followed by conference call (1500 GMT).

IMA

Board meeting on FY results (preliminary FY results on Feb. 19).

IRCE

Board meeting on FY results (1300 GMT).

LA DORIA

Board meeting on FY results.

MARR

Board meeting on FY results, followed by conference call.

NICE

Board meeting on FY results, followed by conference call.

SAES GETTERS

Board meeting on FY results.

TECNOINVESTIMENTI

Board meeting on FY results (preliminary FY results on Jan. 31).

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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