Business
Italy - Factors to watch on November 11
Italy - Factors to watch on November 11
About this update from Banco Bpm Spa
The following factors could affect Italian markets on Tuesday.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 .DEBTThe Italian Treasury said it would offer up to 8 billion euros ($9.33 billion) in four BTP bonds at an auction on November 13.ECONOMYBank of Italy releases September data on Italian residents deposits with domestic banks, banks lending to non-financial companies and gross bad loans at Italian banks.COMPANIESUNICREDIT MIL:UCG, BANCO BPM MIL:BAMIThe Italian bank had filed an appeal on Monday with Italy's top administrative court over government-set terms for its failed takeover bid for rival Banco BPM, two sources with knowledge of the matter said.NEXI MIL:NEXIItaly's Cassa Depositi e Prestiti (CDP) opposes the payments group selling a majority stake in its digital banking solutions business to U.S. private equity fund TPG, two sources close to the matter told Reuters on Monday.(*) BANCO DESIO MIL:BDBItaliana Assicurazioni, part of the Reale Mutua group, Switzerland's Helvetia (HELM.S) and Germany's Allianz XETR:ALV have been selected to proceed to the second phase of the tender to become partners of the Italian bank's non-life insurance business, MF reported on Tuesday.INWIT MIL:INWItaly's biggest mobile telecoms towers company on Monday posted a 5.9% rise in third-quarter net profit to 92.1 million euros ($107.41 million) but lowered revenue guidance for next year.(*) JP Morgan on Tuesday cut INWIT's rating to 'neutral' from 'overweight' and cut the target price to 11.80 euros from 13.40 eurosConference call on Q3 results (0930 GMT).(*) AVIO MIL:AVIO Raytheon and Lockheed Martin NYSE:LMT will be the major customers of Avio's planned solid rocket motor plant in the United States, the Italian rocket maker said on Monday. The defence arm of aerospace giant RTX NYSE:RTX, and Lockheed Martin will have preferred access to a share of production at the plant, the companies said in two separate statements on the two agreements.OVS MIL:OVSThe Italian clothing retailer said on Monday it had submitted a 15 million euro binding offer for Kasanova, an Italian brand specialized in homeware products. A2A MIL:A2AReleases Q3 results and business plan update.RECORDATI MIL:RECReleases Q3 results.DIARYForeign Minister Antonio Tajani atte...