MILAN Italian asset manager Banca Mediolanum said on Tuesday its 3.3% stake in Mediobanca was no longer strategic, given the uncertainty over the bank's future governance after billionaire Leonardo Del Vecchio became its top investor.
MILAN A long-running criminal probe into diamond sales by Italian banks has uncovered what prosecutors say is further evidence of corruption by officials at UniCredit, Italy’s largest lender, and smaller rival Banco BPM. | Video
LONDON BlackRock aims to buy a 30 percent stake in Intesa SanPaolo's asset management unit as it seeks greater influence over Italy's second-largest fund house, sources familiar with the matter said.
LONDON, June 22 BlackRock aims to buy a
30 percent stake in Intesa SanPaolo's asset management
unit as it seeks greater influence over Italy's second-largest
fund house, sources familiar with the matter said.
MILAN/LONDON Drinks companies are converging on an unusual cocktail recipe: less alcohol. | Video
MILAN When U.S. activist investor Elliott Advisers laid siege to Italy's dominant phone company this month, a shiver went through the country's corporate sector.
MILAN/LONDON Tyremaker Pirelli has given up on what sources say was an initial valuation goal of 9 billion euros ($11 billion) ahead of its return to Milan's stock market next month, after several fund managers baulked at paying such a lofty price.
MILAN/LONDON Tyremaker Pirelli may struggle to get the 9 billion-euro ($11 billion) valuation sought by its owners on its return to Milan's stock market next month, with several fund managers saying they will not invest if it is valued at more than 7.5 billion euros.
MILAN Campari's strategy shift to focus more on the U.S. market helped the drinks group to report stronger than expected first-quarter earnings, lifting its shares to a record high.
MILAN Italian banks and asset managers are rushing to tap a 10 billion-euro ($11 billion) wave of money expected to flow into small- and mid-caps, as clients seek tax breaks on investments in a government-sponsored plan, potentially creating a bubble.