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Italian Stocks - Factors to watch on Nov 25
Wed, 25th Nov 2009 07:25
MILAN, Nov 25 (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 (*).
* BANCA MONTE DEI PASCHI DI SIENA
The bank will sell 80-85 of the 135 branches it has to sell
for antitrust reasons, Il Sole 24 Ore said without citing
sources. Intesa Sanpaolo has agreed to buy 50 branches
at an average price of 4 million euros each and a binding offer
will arrive at the beginning of next week, it said.
Credit Agricole unit Cariparma is favourite over
Barclays to buy another batch of 30-35 branches. At the
end of the year Monte Paschi will have raised 420 million euros
from branch sales, the paper said. The other branches will be
sold in 2010.
* INTESA SANPAOLO
Giovanni Bazoli, chairman of the bank's supervisory board,
is confident of finding a shared solution for the nomination of
a director general, Corriere della Sera quoted him as saying.
ENEL
Italy's biggest renewable energy company, Enel Green Power,
said it planned to develop more than 4,000 megawatts of U.S.
wind projects after buying a minority stake in Minnesota-based
Geronimo Wind Energy.
FIAT
Brazil was expected to announce on Tuesday the renewal of
industrial tax breaks on more environmentally friendly vehicles,
a government source told Reuters.
* ENI
Investment fund Knight Vinke, which directly owns 1 percent
of Eni, said in a letter on Tuesday that Eni's financial gearing
has been stretched further by its recent Uganda acquisition. It
estimates Eni is facing investments of over 100 billion euros,
noting it recently cut dividends to protect its credit rating.
UNICREDIT
The bank priced a 750 million euro perpetual bond.
FASHION SECTOR
Revenues for the Italian clothing, textile and fashion
sectors are expected to drop 16 percent this year to 45 billion
euros, according to Sistema Moda Italiana.
SMALL AND MID CAPS
* PIAGGIO
The company has mandated JP Morgan and Banca IMI to study
issuing a high-yield bond of around 100-150 million euros, Il
Sole 24 Ore said, citing market rumours.
* ANSALDO STS
The group is in talks to participate in the DesertXpress
high-speed train project linking Las Vegas and California, the
company's CEO Sergio De Luca told Il Sole 24 Ore in an
interview. He said the company had received orders in the U.S.
in the first nine months for $220 million.
TOD'S
The luxury shoe maker does not rule out outperforming the
shoe market in the next few years, Chairman
and Chief Executive
Diego Della Valle said. He also reiterated that he expected to
close 2009 'very well'.
* Della Valle also said his family holding's stake in U.S.
department store chain Saks was only a financial
investment.
IT HOLDING
The Athena consortium of creditors is still interested in
the Ittierre unit of Italian fashion group IT Holding,
the consortium's chairman, Davide Colangelo, said on Tuesday.
Ittierre and IT Holding were placed in administration in
February. Colangelo said the consortium was waiting to know the
position of the Industry Ministry.
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...... 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:...............................
(Milan newsroom, +39 02 6612 9507, fax +39 02 801149, milan.newsroom@news.reuters.com)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Italian markets on Wednesday.
Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
* BANCA MONTE DEI PASCHI DI SIENA
The bank will sell 80-85 of the 135 branches it has to sell
for antitrust reasons, Il Sole 24 Ore said without citing
sources. Intesa Sanpaolo has agreed to buy 50 branches
at an average price of 4 million euros each and a binding offer
will arrive at the beginning of next week, it said.
Credit Agricole unit Cariparma is favourite over
Barclays to buy another batch of 30-35 branches. At the
end of the year Monte Paschi will have raised 420 million euros
from branch sales, the paper said. The other branches will be
sold in 2010.
* INTESA SANPAOLO
Giovanni Bazoli, chairman of the bank's supervisory board,
is confident of finding a shared solution for the nomination of
a director general, Corriere della Sera quoted him as saying.
ENEL
Italy's biggest renewable energy company, Enel Green Power,
said it planned to develop more than 4,000 megawatts of U.S.
wind projects after buying a minority stake in Minnesota-based
Geronimo Wind Energy.
FIAT
Brazil was expected to announce on Tuesday the renewal of
industrial tax breaks on more environmentally friendly vehicles,
a government source told Reuters.
* ENI
Investment fund Knight Vinke, which directly owns 1 percent
of Eni, said in a letter on Tuesday that Eni's financial gearing
has been stretched further by its recent Uganda acquisition. It
estimates Eni is facing investments of over 100 billion euros,
noting it recently cut dividends to protect its credit rating.
UNICREDIT
The bank priced a 750 million euro perpetual bond.
FASHION SECTOR
Revenues for the Italian clothing, textile and fashion
sectors are expected to drop 16 percent this year to 45 billion
euros, according to Sistema Moda Italiana.
SMALL AND MID CAPS
* PIAGGIO
The company has mandated JP Morgan and Banca IMI to study
issuing a high-yield bond of around 100-150 million euros, Il
Sole 24 Ore said, citing market rumours.
* ANSALDO STS
The group is in talks to participate in the DesertXpress
high-speed train project linking Las Vegas and California, the
company's CEO Sergio De Luca told Il Sole 24 Ore in an
interview. He said the company had received orders in the U.S.
in the first nine months for $220 million.
TOD'S
The luxury shoe maker does not rule out outperforming the
shoe market in the next few years, Chairman
Diego Della Valle said. He also reiterated that he expected to
close 2009 'very well'.
* Della Valle also said his family holding's stake in U.S.
department store chain Saks was only a financial
investment.
IT HOLDING
The Athena consortium of creditors is still interested in
the Ittierre unit of Italian fashion group IT Holding,
the consortium's chairman, Davide Colangelo, said on Tuesday.
Ittierre and IT Holding were placed in administration in
February. Colangelo said the consortium was waiting to know the
position of the Industry Ministry.
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...... 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:...............................
(Milan newsroom, +39 02 6612 9507, fax +39 02 801149, milan.newsroom@news.reuters.com)
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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