Edition:
United Kingdom

Poste Italiane SpA (PST.MI)

PST.MI on Milan Stock Exchange

6.55EUR
19 Nov 2018
Change (% chg)

-- (--)
Prev Close
€6.55
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
3,697,254
52-wk High
€8.44
52-wk Low
€5.98

Latest Key Developments (Source: Significant Developments)

Italy's Poste sees no impact on dividends from drop in Solvency Ratio
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Poste Italiane::EXEC SAYS DOES NOT SEE ANY IMPACT ON DIVIDEND POLICY FROM DROP IN SOLVENCY RATIO.EXEC SAYS SOLVENCY RATIO FELL TO 185 PERCENT AT END-JUNE FROM 279 PERCENT END-DEC PARTLY DUE TO VOLATILITY IN ITALIAN GOVERNMENT BONDS IN Q2.CEO SAYS CONFIDENT GROUP WILL ACHIEVE ITS TARGET ON CAPITAL GAINS ON GOVERNMENT BONDS OVER 5-YEAR BUSINESS PLAN PERIOD.CEO SAYS IF GROUP SEES LEVEL OF PROVISIONS IS NOT PERCEIVED AS HIGH ENOUGH BY INVESTORS, WILL MOVE TO REASSURE MARKET OVER SOLVENCY RATIO.CEO, IN ANSWER TO QUESTION WHETHER GROUP WAS APPROACHED BY GOVERNMENT TO RESCUE ALITALIA, SAYS HAS NOT HEARD ANYTHING ON THE ISSUE.CEO SAYS DOES NOT EXPECT ANY CHANGE IN DISTRIBUTION AGREEMENT AFTER NEW TOP MANAGEMENT APPOINTED AT STATE LENDER CASSA DEPOSITI E PRESTITI.EXEC SAYS CURRENT LEVEL OF SOLVENCY RATIO AT 185 PERCENT IS APPROPRIATE, KEY THRESHOLD IS 130 PERCENT.  Full Article

Poste Italiane H1 Net Profit 735 Million Euros, Confirms Outlook
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Poste Italiane SpA ::SAYS H1 REVENUE 5.429 BILLION EUROS VERSUS 5.397 BILLION EUROS IN CONSENSUS PROVIDED BY GROUP.CONFIRMS 2018 OUTLOOK.SAYS H1 EBIT 1,053 MILLION EUROS VERSUS 1.029 BILLION EUROS IN CONSENSUS PROVIDED BY GROUP.NET PROFIT STRONGLY UP AT €250M IN 2Q18 +57.2% VERSUS 2Q17.SAYS H1 NET PROFIT 735 MILLION EUROS VERSUS 711 MILLION EUROS IN CONSENSUS PROVIDED BY GROUP.  Full Article

Poste Italiane aims to bag 1.8 bln euros in postal savings fees in 2018
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Poste Italiane::HAS 2018 TARGET FOR POSTAL SAVINGS FEES OF 1.8 BILLION EUROS OR BETTER - SLIDE.EXEC SAYS GROUP IS CONFIDENT OF REACHING HIGH PART OF 1.55-1.8 BILLION EURO RANGE FOR POSTAL SAVINGS FEES.EXEC SAYS GROUP WILL BOOK SIGNIFICANT CAPITAL GAIN IN 2018 THANKS TO PARTNERSHIP WITH ANIMA.  Full Article

Poste Italiane, Anima Announce Binding Agreement To Strengthen Partnership In Asset Management Business‍​
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Poste Italiane ::POSTE ITALIANE AND ANIMA ANNOUNCE A BINDING AGREEMENT TO STRENGTHEN THE PARTNERSHIP IN THE ASSET MANAGEMENT BUSINESS‍​.THE TRANSACTION VALUE IS €120 MILLION.POSTE WILL RECEIVE NEWLY ISSUED SHARES OF ANIMA SGR, WHICH WILL BE BOUGHT BACK BY ANIMA , FOR CASH CONSIDERATION OF €120 MILLION.CO TO REMAIN 100% OWNER OF BANCOPOSTA FONDI SGR.AGREEMENT CONCERNS DELEGATED PORTFOLIO MANAGEMENT ACTIVITIES UNDERLYING TRADITIONAL LIFE INSURANCE PRODUCTS “RAMO I” OF POSTE VITA.  Full Article

Italy's Poste agrees 103 euro monthly pay rise per employee
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Poste Italiane says::SIGNS NEW 3-YEAR LABOUR CONTRACT GRANTING AVERAGE MONTHLY PAY RISE OF 103 EUROS PER EMPLOYEE FOR 2016-2018.  Full Article

S&P raises Italian post office's rating following sovereign upgrade
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Poste Italiane says: :Credit rating agency S&P raises credit rating to 'BBB' from 'BBB-'.  Full Article

Italy's post office would not put money into any Alitalia rescue - CEO
Monday, 6 Mar 2017 

Italy's Poste Italiane CEO says: Would not be willing to put money into any rescue plan for Alitalia airline . Poste Italiane invested 75 million euros ($79.33 million) in the struggling airline in 2013 as part of a 500 million euro government-engineered rescue package to keep Alitalia flying . Etihad holds a 49 percent stake in Alitalia Further company coverage: [CAITLA.UL] [PST.MI] ($1 = 0.9454 euros) (Reporting by Rome Newsroom) ((rome.newsroom@news.)).  Full Article

Poste Italiane plans to strengthen insurance unit after bond sell-off

MILAN, Nov 8 Poste Italiane plans to focus on strengthening its insurance business following a sell-off in government bonds, the company said on Thursday after its profits in the first nine months jumped 46 percent to beat expectations.