August 4, 2010 / 5:01 AM / in 9 years

Italian Stocks - Factors to watch on Aug 4

 MILAN, Aug 4 (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 (*).
 ATLANTIA (ATL.MI)
 The motorway operator posted a stronger-than-expected 5.5 percent rise in first-half profit, thanks to higher tolls and growing traffic volumes on its roads, and said it was seeing signs of recovery in the overall economy. [ID:nLDE66M14V]
 Italy’s administrative appeals court will decide on Aug. 31 an appeal by the government against a decision by a lower court to suspend planned highway tariff increases, the court said on Tuesday.
  
 TELECOM ITALIA (TLIT.MI)   * The group has reached agreement with unions over work force lay-offs the group planned to make as part of its three-year business plan, a trade union source said on Wednesday. [ID:nWEA2839]
  
 Telecom Italia is talking with its Argentine partner, the Wethein family, to consolidate its position in Telecom Argentina TEC2.BA, Il Sole 24 Ore said, without citing sources.
  
 PRYSMIAN (PRY.MI)
 The cable maker’S first-half core profits beat expectations, boosted by a recovery in the second quarter, and the group said it could push up its full-year guidance if the trend continued. [ID:nLDE6720UV]
  
 UNICREDIT (CRDI.MI)
 Italy’s biggest bank posted a 70 percent drop in second-quarter net profit that reflected a stubborn hangover from the financial crisis, sending the shares lower. [ID:nLDE6711J2]
    * Amundi, Natixis (CNAT.PA) and BNP Paribas (BNPP.PA) are looking at UniCredit’s Pioneer Investments asset management unit, Les   Echos reported, citing several sources.   
 BANKS
 Italian banks do not face difficulties and will not therefore need state-backed, or Tremonti, bonds to shore up their capital ratios, Economy Minister Giulio Tremonti said in an interview in Il Sole 24 Ore on Wednesday. [ID:nWEA2833]
  
 ENEL (ENEI.MI)
 The utility has picked Intesa Sanpaolo (ISP.MI) as one of the four global coordinators and book runners for the listing of a minority stake in its renewable unit, a financial source said on Tuesday. [ID:nTST002415]
  
 FIAT FIA.MI
 U.S. car sales for Chrysler, of which Fiat has 20 percent, rose 5 percent in July. [ID:nASA00LO4] 
    * ENI (ENI.MI)
 HSBC raised its rating on the oil company to “overweight” from “neutral”.
  
 COMPANY RESULTS
 The following companies are among those expected to report results: A2A (A2.MI), CAMPARI GROUP (CPRI.MI), MAIRE TECNIMONT (MTCM.MI), SEAT PAGINE GIALLE PGIT.MI, TENARIS (TENR.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