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Italy - Factors to watch on Aug. 6
Italy - Factors to watch on Aug. 6
About this update from Otofarma S.p.a.
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 (*).For a complete list of diary events in Italy please click on .POLITICSAn Italian government committee for economic planning is set to give the green light to a long-debated project for a giant bridge connecting Sicily to the mainland, paving the way for works to begin.ECONOMYISTAT releases June industrial output data (0800 GMT).COMPANIESMilan Stock Exchange After Hours market closed.BANCO MONTE DEI PASCHI DI SIENA MIL:BMPS(*) Italy's Monte dei Paschi di Siena on Wednesday posted much higher than expected second-quarter profit as it seeks to take over bigger rival Mediobanca.Conference call on H1 results (0630 GMT).BANCO BPM MIL:BAMI The bank on Tuesday reported higher then expected quarterly earnings helped by fees earned through newly acquired fund manager Anima Holding MIL:ANIM, and confirmed the full-year outlook after staving off a takeover by lager peer UniCredit MIL:UCG.IVECO MIL:IVGProceeds from the sale of truckmaker Iveco and its defence arm will boost the Agnellis' warchest for deals, but the Italian business dynasty would not have to wait for the cash to make a big purchase, a source with direct knowledge of the matter said.BPER BANCA MIL:BPE(*) Italy's BPER Banca reported a 29.5% year-on-year rise in first-half net profit, driven by strong fee income that offset pressure on its net interest margin.Conference call on H1 results (0800 GMT).TELECOM ITALIA (TIM) MIL:TITTelecom Italia reported a 5% increase in its core earnings for the first half of the year on Tuesday, as its fast-growing Brazilian business offset sluggish growth in Italy.Conference call on H1 results (0900 GMT).ASSICURAZIONI GENERALI MIL:GReleases H1 results, followed by conference call (1400 GMT).INTERPUMP GROUP MIL:IPReleases H1 results.OTOFARMA MIL:OTOHearing care company, debuts on Euronext Growth Milan.DIARYRome, Cabinet Undersecretary Alfredo Mantovano addresses Parliamentary Committee for the Security of the Republic (COPASIR) (0830 GMT).Rome, Interministerial Committee for Economic Planning and Sustainable Development (CIPESS) expected to approve the final project for Sicily bridge over the Strait of Messina (1030 GMT); followed by news conference by Infrastructure and Transport Minister Matteo S...