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Italian Stocks - Factors to watch on Nov 27
Fri, 27th Nov 2009 07:17
MILAN, Nov 27 (Reuters) - The following factors could affect
Italian markets on Friday.
Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
ENI
Russian and French leaders are set to sign a memorandum of
understanding for the entry of France's EDF into the
South Stream gas pipeline project, Eni Chief Executive Paolo
Scaroni said on Thursday.
Scaroni said Eni has no debt problems.
TELECOM ITALIA
Telecom Italia shareholder Telco said its shareholders had
unanimously agreed, as an alternative to a planned demerger,
that Telco investor Sintonia should buy 2.06 percent of Telecom
Italia at 2.2 euros per share for 605 million euros and that
Telco should buy back in cash and cancel the Sintonia stake in
Telco.
Italy's telecoms regulator said it had cut Telecom Italia's
broadband tariff for wholesale clients to 8.0 euros a month from
8.5 with effect retroactively from Jan. 1, 2009.
BANCA MONTE DEI PASCHI
Rivals could crimp Barclays Plc's ambitions to
become a mid-tier lender in Italy by competing for a branch
network that the UK bank hopes to secure in a possible 540
million euro deal.
* GENERALI
The insurer has increased the overall amount of its bond
issuance programme to 7 billion euros, the weekly Il Mondo said
without citing sources. It has already used 4 billion euros of
this that has allowed it to refinance all its 2010 debt maturity
requirements, it said. The remaining 3 billion euros will be
earmarked for institutional and retail investors, Il Mondo said.
* BULGARI
Goldman Sachs raised its rating to 'buy' from 'neutral'.
* GEOX
Goldman Sachs upgraded its rating to 'neutral' from 'sell'.
PARMALAT
The company said subsidiary Parmalat Nicaragua sold 51
percent of loss-making Parmalat Centroamerica to Productos
Lacteos Centroamericano for $800,000. Parmalat Centroamerica
signed a license agreement allowing Parmalat Group to cash in a
total amount of $400,000 in the first 5 years of the contract.
SMALL AND MID CAPS
SAFILO
HAL Trust said on Thursday it has extended the
offer to purchase Safilo's senior notes until November 30.
MARIELLA BURANI FASHION GROUP
The company said its board has called an extraordinary
shareholders meeting on Dec. 16, adding it could call another
shareholders meeting by mid-January aimed at covering losses and
approving a possible capital increase. It said it also does not
exclude other solutions such as seeking special administration.
AS ROMA
Rome businessman
Giovanni Malago categorically denied on
Thursday he is trying to create a consortium to buy Rome soccer
club AS Roma. Also on Thursday Italpetroli, which controls the
club, denied a media report it has given a mandate to Mediobanca
to sell all of Italpetroli's assets.
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:............................... Keywords: ITALY MARKETS/FACTORS
(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 Friday.
Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
ENI
Russian and French leaders are set to sign a memorandum of
understanding for the entry of France's EDF into the
South Stream gas pipeline project, Eni Chief Executive Paolo
Scaroni said on Thursday.
Scaroni said Eni has no debt problems.
TELECOM ITALIA
Telecom Italia shareholder Telco said its shareholders had
unanimously agreed, as an alternative to a planned demerger,
that Telco investor Sintonia should buy 2.06 percent of Telecom
Italia at 2.2 euros per share for 605 million euros and that
Telco should buy back in cash and cancel the Sintonia stake in
Telco.
Italy's telecoms regulator said it had cut Telecom Italia's
broadband tariff for wholesale clients to 8.0 euros a month from
8.5 with effect retroactively from Jan. 1, 2009.
BANCA MONTE DEI PASCHI
Rivals could crimp Barclays Plc's ambitions to
become a mid-tier lender in Italy by competing for a branch
network that the UK bank hopes to secure in a possible 540
million euro deal.
* GENERALI
The insurer has increased the overall amount of its bond
issuance programme to 7 billion euros, the weekly Il Mondo said
without citing sources. It has already used 4 billion euros of
this that has allowed it to refinance all its 2010 debt maturity
requirements, it said. The remaining 3 billion euros will be
earmarked for institutional and retail investors, Il Mondo said.
* BULGARI
Goldman Sachs raised its rating to 'buy' from 'neutral'.
* GEOX
Goldman Sachs upgraded its rating to 'neutral' from 'sell'.
PARMALAT
The company said subsidiary Parmalat Nicaragua sold 51
percent of loss-making Parmalat Centroamerica to Productos
Lacteos Centroamericano for $800,000. Parmalat Centroamerica
signed a license agreement allowing Parmalat Group to cash in a
total amount of $400,000 in the first 5 years of the contract.
SMALL AND MID CAPS
SAFILO
HAL Trust said on Thursday it has extended the
offer to purchase Safilo's senior notes until November 30.
MARIELLA BURANI FASHION GROUP
The company said its board has called an extraordinary
shareholders meeting on Dec. 16, adding it could call another
shareholders meeting by mid-January aimed at covering losses and
approving a possible capital increase. It said it also does not
exclude other solutions such as seeking special administration.
AS ROMA
Rome businessman
Thursday he is trying to create a consortium to buy Rome soccer
club AS Roma. Also on Thursday Italpetroli, which controls the
club, denied a media report it has given a mandate to Mediobanca
to sell all of Italpetroli's assets.
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:............................... Keywords: ITALY MARKETS/FACTORS
(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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