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Italy - Factors to watch on Oct. 31

Published 31/10/2016, 04:00 pm
© Reuters.  Italy - Factors to watch on Oct. 31

The following factors could affect Italian markets on Monday.

Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

For a complete list of diary events in Italy please click on IT/DIA .

POLITICS

A powerful earthquake struck Italy on Sunday in the same central regions that have been rocked by repeated tremors over the past two months, with more homes and churches brought down but no deaths reported. Minister Matteo Renzi told thousands of party supporters gathered in central Rome on Saturday to step up their campaign in favour of a referendum on constitutional reform that could decide his political future. releases October flash CPI and HICP data (1000 GMT); September producer prices data (1100 GMT).

COMPANIES

Bourse After Hours market closed.

UBI UBI.MI

The European Central Bank is set to grant Italian bank UBI a green light next week to buy three of four small banks Italy rescued from bankruptcy a year ago, newspaper la Repubblica reported on Saturday quoting a financial source working on the deal. MONTE DEI PASCHI DI SIENA BMPS.MI

After meeting investors in London, CEO Marco Morelli is due to fly to Doha, Qatar, to present Monte dei Paschi's plan to Qatar Investment Authority (Qia), Corriere della Sera and La Stampa said on Sunday. The papers added Qia was among funds potentially willing to become an anchor investor in the bank.

CREDITO VALTELLINESE PCVI.MI , BANCA POPOLARE DI SONDRIO BPSI.MI

The shareholders of Credito Valtellinese (Creval) have approved the transformation of the regional cooperative bank into a joint stock company, Creval said on Saturday. his comments to shareholders, Creval Chairman Miro Fiordi reiterated his invitation to Popolare di Sondrio to sit down and explore the pros and cons of a possible tie-up, Il Sole 24 Ore said on Sunday.

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BANCA POPOLARE DI VICENZA, VENETO BANCA

The Italian bank bailout fund that owns Banca Popolare di Vicenza and Veneto Banca has told the two ailing lenders to examine a possible tie-up and present a plan by year end to ensure their survival, it said on Friday. MEDIOLANUM BMED.MI

Italy's Fininvest said on Friday it will challenge in court a decision by the European Central Bank that could force it to reduce its 30 percent stake in asset gatherer Banca Mediolanum . SANPAOLO ISP.MI , CREDITO EMILIANO EMBI.MI , MEDIOBANCA MDBI.MI , BANCA NAZIONALE DEL LAVORO

Fitch Ratings has revised the outlooks of the four banks to 'negative' from 'stable' following the revision of Italy's outlook to negative. ITALIANE PST.MI

Fitch ratings has revised the outlook of nine Italian public sector entities, including Poste Italiane, to 'negative' from 'stable' following the agency's rating action on the Italian sovereign. STS STS.MI

Conference call on Q3 results (1000 GMT).

The company reported a 9-month net profit of 45.8 million euros versus 59.5 million euros a year ago. company said on Friday it had appointed Alberto de Benedictis deputy chairman of its board of directors, while Roberto Carassai resigned from his position as CFO.

CNH INDUSTRIAL CNHI.MI

Board meeting on Q3 results, followed by conference call (1300 GMT).

ALERION CLEAN POWER ARN.MI

FRI-EL Green Power said in a statement its fully-owned subsidiary FGPA had raised its bid for a stake in Alerion Clean Power to 2.60 euros per share from 1.90 euros per share. company also said FGPA had bought 11 million shares in Alerion, equal to a 25.37 percent stake, outside the market at a price of 2.60 euros a share. This transaction does not fall under the public offer launched on Alerion.

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ITALIA INDEPENDENT GROUP IINT.MI

Starts capital increase; ends on Nov. 11.

RISANAMENTO RN.MI

The company said its third-quarter net loss narrowed to 1.8 million euros ($1.97 million) from a loss of 8.6 million euros a year ago. COFI.MI

The company reported a 9-month net profit of 24.2 million euros versus 19.2 million euros a year ago. BSS.MI

The company said Roberto Selci had submitted his resignation as chairman effective Jan. 1. ROMA ASR.MI

The company said it had appointed Umberto Gandini as a CEO. CARRA.MI

The company reported a third-quarter net profit of 2.1 million euros versus a loss of 4.7 million euros a year ago.

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