Italian Stocks - Factors to watch on Nov 4
MILAN, Nov 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 (*).
FIAT (FIA.MI: Quote, Profile, Research)
Chrysler, the U.S. automaker which is under management control of Fiat, presents its 2010-2014 business plan.
On Tuesday, Chrysler said its sales in the United States fell 30 percent in October to 65,803 units. [ID:nWEN5975]
* OIL REFINERS
Azerbaijan's state oil company Socar plans to take a "substantial" stake in an Italian oil refinery next year, its chief executive said on Wednesday. [ID:nSP278630]
PRYSMIAN (PRY.MI: Quote, Profile, Research)
The cable maker said New Zealand's antitrust body had started an investigation to assess commercial practices in the submarine or underground high-voltage cable market. [ID:nL3180114]
UNICREDIT (CRDI.MI: Quote, Profile, Research)
Executives of Italy's biggest bank met on Tuesday to discuss slimming down the company's corporate structure, sources said, and a union group fears up to 7,000 jobs could be lost. [ID:nL3438264]
* Foundation shareholders supported a plan to simplify its organisation at a strategy committee meeting on Tuesday, which included their representatives, Corriere della Sera said in an unsourced report.
* TELECOM ITALIA (TLIT.MI: Quote, Profile, Research)
Minority shareholders the Fossati family have written to the board opposing sale of foreign assets, Il Sole 24 Ore said, citing the letter. The letter said in part that Telecom Italia's HanseNet German broadband unit was valued for sale at 850 million euros but should be sold for at least 1.5 billion euros. The phone company is talks with Spain's Telefonica (TEF.MC: Quote, Profile, Research) on HanseNet.
* BULGARI (BULG.MI: Quote, Profile, Research)
JP Morgan raised its price target for the jeweller to 5.40 euros from 3 euros, rating "neutral".
SMALL AND MID CAPS
MARIELLA BURANI (MBFG.MI: Quote, Profile, Research)
The troubled fashion company, whose shares have been indefinitely suspended from trading, has had contacts with Korea's group E.Land and other potential investors though no proposal has yet been made, the company said on Tuesday.
TELECOM ITALIA MEDIA (TCM.MI: Quote, Profile, Research)
The broadcaster is looking at several options to cut its debt as to compensate for the missed sale of its network unit TIMB, its deputy chairman Giovanni Stella told a conference call on Tuesday.
TOD'S (TOD.MI: Quote, Profile, Research)
The luxury shoe and bag maker could post full-year results that are above market expectations if the Christmas period goes well, its chief executive said on Tuesday. [ID:nL3417866]
* ACTELIOS (AA4.MI: Quote, Profile, Research)
Goldman Sachs cut its price target to 5.5 euros from 6 euros, rating "buy".
COMPANY RESULTS
The following companies will report results:
ANSALDO STS (STS.MI: Quote, Profile, Research)
BANCA GENERALI (BGN.MI: Quote, Profile, Research)
FASTWEB (FWB.MI: Quote, Profile, Research)
PIRELLI & C REAL ESTATE (PCRE.MI: Quote, Profile, Research)
ENEL (ENEI.MI: Quote, Profile, Research)
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
Dubai Debt Fears
Dubai says it will ask creditors at flagship firms Dubai World and property developer Nakheel to delay repayment on billions of dollars of debt, sending ripples through world stock markets. Full Article




India
US
UK










