March 10, 2010 / 7:16 AM / 10 years ago

Italian Stocks - Factors to watch on March 10

 MILAN, March 10 (Reuters) - 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 (*).   * TELCOM ITALIA (TLIT.MI)
 The Italian post office would be interested in playing a role in the spin-off of Telecom’s fixed-line network were it to happen, Poste Italiane CEO Massimo Sarmi said in an interview with Il Sole 24 Ore.
 Power demand in Italy rose 2.1 percent on the year in February to 26 billion kilowatt hours, confirming the trend in recent months of a slow recovery in demand, national grid operator Terna said on Tuesday. [ID:nLDE6282BI]
    * ENI (ENI.MI)
 The world is currently awash in cheap natural gas but low prices and an economic recovery could spur a price recovery in the not too distant future, said Eni CEO Paolo Scaroni. [ID:nN0997802] 
 The Benetton family’s holding company Sintonia could be interested in energy investments, including Finmeccanica unit Ansaldo Energia and assets that Eni is seeking to sell, Il Sole 24 Ore said, citing the CEO of the group’s Edizione unit Gianni Mion.
 ING cuts target to 9.55 euros from 12 euros, keeps “hold”
 McKinsey is studying a plan to integrate Piaggio and Ducati, MF said in an unsourced report. The study, in which an Italian private equity fund is interested, is still at a preliminary phase, the paper said, adding McKinsey declined to comment.
 The company priced its 500 mln euro 2020 bond on Tuesday, saying request had come inabove 2.3 billion euros. [ID:nBIA098c0]
 Moody’s upgraded Safilo’s CFR and PDR to Caa1 with positive outlook. [ID:nWNA5587]
 The Italian fashion house is enjoying a strong start of the year, with wholesale and boutique sales both up in “double-digit terms,” the company’s boss said on Tuesday. [ID:nWEB4712]
 The following companies will report results:
 Amplifon AMPGF.MI
 Actelios ACT.MI
 Pirelli & C PECI.MI
 Maire Tecnimont (MTCM.MI)
 Saipem (SPMI.MI)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below