— Breaking News

  1. Italy

    Euro zone benchmark 10-year sovereign bond yields

    (Il Sole 24 Ore Radiocor Plus) - London, 24 Jul - Euro zone benchmark 10-year sovereign bond yields Germany - yield 0.51%; down 0.00 percentage points from previous close. France - yield 0.74%; down 0.01 percentage points from previous close. Belgium - yield 0.77%; down 0.01 percentage points from previous close. Italy - yield 2.06%; down 0.04 percentage points from previous close. Spain - yield 1.48%; up 0.01 percentage points from previous close. A24-Zap (RADIOCOR) 24-07-17 17:41:31 (0568) 5 NNNN

  2. Italy

    Italy Q1 property transactions up 1.8% vs Q4

    Up 6.5% yr/yr (Il Sole 24 Ore Radiocor Plus) - Milan, 24 Jul - Italian real estate deals rose 1.8% in the first quarter compared with the previous three months to 169,527 unit, according to the statistics office Istat. Year on year, deals were up 6.5%, with sales of residential properties up 6.5%, while sales of properties for business up 5.5% and transfers of units for special uses and multi-owned properties up 11.4%. A24-Web (RADIOCOR) 24-07-17 16:52:50 (0534) 5 NNNN

  3. Italy

    Enel starts 90 MW Brazil wind farm

    Represents 190 mln usd (Il Sole 24 Ore Radiocor Plus) - Milan, 24 Jul - The Italian power generator Enel said that the 90 megawatt Brazilian Cristalandia wind farm has come on stream. The wind farm is located in the municipalities of Brumado, Rio de Contas and Dom Basilio, in the state of Bahia and represents an investmentof 190 million dollars. A24-Web (RADIOCOR) 24-07-17 16:40:44 (0522) 5 NNNN

  4. Italy

    Ryanair makes non-binding bid for Alitalia

    Reportedly about 10 non-binding offers for Alitalia (Il Sole 24 Ore Radiocor Plus) - Milan, 24 Jul - The Irish low-cost airline Ryanair said that it has made a non-binding offer for the Italian flag-bearer Alitalia, currently in special administration. According to media speculation, Alitalia received about 10 non-binding offers by last week's deadline. A24-Web (RADIOCOR) 24-07-17 12:48:42 (0305) 5 NNNN

  5. Italy

    Campari sells Carolans, Irish Mist for 165.0 mln usd

    Brands sold to Heaven Hill Brands (Il Sole 24 Ore Radiocor Plus) - Milan, 24 Jul - The Italian beverage group Campari said that it has reached an agreement to sell the Carolans and Irish Mist brands to Heaven Hill Brands via the sale of 100% of the share capital of TJ Carolan & Son Ltd. The enterprise value is 165.0 million dollars (141.7 million euros) on cash free/debt free basis,subject to the customary price adjustment mechanisms. The sold business consists of the Carolans Irish Cream and Irish Mist (Irish Mist Liqueur and Irish Mist Whiskey) trademarks, as well as inventory and production assets. A24-Web (RADIOCOR) 24-07-17 11:58:25 (0274) 5 NNNN

  6. Italy

    Global growth still seen up 3.5% in 2017, 3.6% in 2018 -2-

    Italy growth now seen up 1.3% in 2017, 1.0% in 2018 (Il Sole 24 Ore Radiocor Plus) - Washington, 24 Jul - The IMF now sees the US economy rising 2.1% both this year and next, down from a previous projection of a 2.3% this year and of 2.5% increase in 2018. For the UK the economy is now seen expanding 1.7% this year, down from a previously projected 1.8%, and rising 1.5% in 2018, unchanged from previous forecasts. For the euro area, growth is now seen at 1.9% this year, up from a previous projection of 1.7% and 1.7% in 2018, up from 1.6% previously. Forecasts for Italy were increased to 1.3% this year, from a previously projected 0.8% and 1.0% in 2018 from a previously expected 0.8% while those for Spain were revised to 3.1% this year, from 2.6% ad to 2.4% in 2018, revised from 2.1%. For Germany growth is now seen up 1.8% from a previous 1.6% and 1.6% next year, up from a previous 1.5% and for France they are seen up 1.5% this year, from a previous 1.4% and 1.7% in 2018, up from 1.6%. China's economy is now seen expanding 6.7% this year, from a previously expected 6.6% and 6.4% next year from a previous projection of 6.2%. In Japan, growth this year is seen at 1.3%, revised from a previous 1.2% while the forecast for 2018 is unchanged at 0.6%. A24-Sch (RADIOCOR) 24-07-17 11:47:45 (0265) 5 NNNN

  7. Italy

    Italy June non-EU trade surplus narrows to 3.278 bln eur

    H1 surplus 13.475 bln eur (Il Sole 24 Ore Radiocor Plus) - Milan, 24 Jul - Italy's trade surplus with countries outside the European Union in June narrowed to 3.278 billion euros from 3.460 billion posted in June of last year, according to data released by national statistical office Istat. The non-energy trade surplus rose to 5.919 billion euro from 5.631 billion a year ago. In the first six months of the year the surplus was of 13.475 billion euros. In June both exports and imports rose on an annual basis but fell compared with May. A24-Sch (RADIOCOR) 24-07-17 10:37:24 (0234) 5 NNNN

  8. Italy

    Newspaper headline round-up

    (Il Sole 24 Ore Radiocor Plus) - Milan, 24 Jul - Newspaper headline round-up FINANCIAL TIMES EU ready to retaliate against US sanctions on Russia. Two Wall Street chiefs enjoy 314 mln usd share bonanza. Deutsche and Barclays face hit from fixed-income falls. Uber rival Grab rakes in 2.5 bln usd in fresh investment. Poles continue to protest over judicial reform. China, EU and Japan make up for slower US, say IMF. THE WALL STREET JOURNAL White House backs Russia sanctions. Markets risk shock if no Brexit deal is struck. OPEC fights to keep pact. BMW denies collusion over diesel emissions. Ryanair earnings top expectations. LES ECHOS Revolution under way in opening French bank accounts. Macron and Philippe's popularity drops sharply. Ryanair expects a significant fall in ticket prices. IL SOLE 24 ORE FMI improves prospects of Italian economy (and of eurozone), downgrades US. Berlusconi, a phoenix rising from the ashes ahead of Italy's upcoming elections. Fairs are the bridgeheads to enter foreign markets, a new agreement boosts internationalization. "Oil is the hostage of speculation, Africa is paying for the price crisis," Eni CEO Descalzi says. CINCO DIAS Investors in Catalonia require clauses against independence. More mergers expected in Spanish banking. Parames creates Value School to create a financial education. HANDELSBLATT Anger and astonishment on German car collusion. Crisis hits German car industry amid cartel accusations. IMF forecast: German economy posts slower growth. Swiss asset manager Julius Baer posts faster growth in the first semester. A24-Web (RADIOCOR) 24-07-17 10:22:40 (0224) 5 NNNN

  9. Italy

    Italy 10-yr govt bond spread vs Bund drops to 1.55 pct pts

    Yield at 2.06% (Il Sole 24 Ore Radiocor Plus) - Milan, 24 Jul - The differential between yields on 10-year Italian government bonds and their German counterparts dipped to 1.55 percentage points in early trade down from 1.57% at the close on Friday. The yield on the benchmark Italian bonds fell to 2.06% from 2.08%. A24-Sch (RADIOCOR) 24-07-17 09:31:09 (0198) 5 NNNN

  10. Italy

    Julius Baer H1 opg income 1.592 bln Swiss francs, up 12%

    AuM 355 bln Swiss francs, up 6% vs end 2016 (Il Sole 24 Ore Radiocor Plus) - Berlin, 24 Jul - Swiss private banking group Julius Baer said that in the first half its operating income rose 12% to 1.592 billion francs, including a positive fair value adjustment of 39 million francs resulting from the acquisition of an additional 60.1% stake in Italy's Kairos. Excluding this impact the rise in operating income would have been of 15%. Assets under management ended the first six months reached 355 billion, an increase of 6%, since the end of 2016. The growth in AuM was the result of market performance of 16.8 billion francs, net new money of 10.2 billion francs and a net positive acquisition impact of 0.3 billion francs, partly offset by a negative currency impact of 8.9 billion francs, mainly due to the 6% fall in the dollar/franc exchange rate. The net new money pace accelerated to 6.1% on an annualized basis, exceeding the Group's medium-term target range of 4 - 6%. Net new money was helped particularly by strong net inflows from clients domiciled in Asia, the Middle East and Monaco, as well as a substantial recovery in net inflows in Latin America. Net commission and fee income grew by 25% to 922 million francs driven by a further improvement in asset-based fee income partly following the higher relative share of advisory mandates and a full six-month contribution from Kairos, which was consolidated as of April 1, 2016, as well as by strong growth in client transaction commissions. Net interest and dividend income rose by 11% to 566 million while net trading income fell by 23% to 90 million. A24-Sch (RADIOCOR) 24-07-17 08:36:29 (0140) 5 NNNN

  11. Italy

    Europe shares end lower on ECB, Fed moves -2-

    Philips, Telecom Italia drop (Il Sole 24 Ore Radiocor Plus) - London, 21 Jul - Banking shares closed lower in Milan, with BPER losing 2.68% to 4.72 euros, UniCredit falling 2.02% to 16.5 euros and Banco BPM dropping 1.67% to 3.05 euros. Shares in Telecom Italia dropped 0.43% to 0.81 euros in volatile trading as investors await clarifications on the future of Chief Executive Flavio Cattaneo ahead of a board meeting next week. The CEO is expected to hold a press conference on innovative solutions for TIM clients on Wednesday, while the board meets on Thursday. In Amsterdam stock market dealings, Dutch technology group Philips Lighting sank 8.18% to 30.85 euros after it said that in the second quarter its sales fell a comparable 1.8% o 1.699 billion euros leading to a 1.3% contraction in the semester at 3.389 billion euros. Shares in French automotive parts supplier Valeo dipped 6.94% to 59.58 euros in Paris after the group reported first half sales that were lower than expectations despite a 20% rise in net income. Shares in Spanish infrastructure group Abertis rose 0.91% to 16.65 euros in Madrid after construction company ACS confirmed it was mulling a counter offer to buy the company which already received a 16.3 billion proposal from the Italian motorway group Atlantia. Atlantia shares dropped 1.59% to 25.39 euros in Milan. A24-Cia (RADIOCOR) 21-07-17 18:34:54 (0470) 5 NNNN

  12. Italy

    Euro zone benchmark 10-year sovereign bond yields

    (Il Sole 24 Ore Radiocor Plus) - London, 21 Jul - Euro zone benchmark 10-year sovereign bond yields Germany - yield 0.51%; down 0.03 percentage points from previous close. France - yield 0.75%; down 0.03 percentage points from previous close. Belgium - yield 0.78%; down 0.03 percentage points from previous close. Italy - yield 2.08%; down 0.04 percentage points from previous close. Spain - yield 1.46%; down 0.02 percentage points from previous close. A24-Zap (RADIOCOR) 21-07-17 17:24:04 (0424) 5 NNNN

  13. Italy

    Europe shares lower at mid-session -2-

    Philips Lighting, Valeo dip; Abertis rallies (Il Sole 24 Ore Radiocor Plus) - Milan, 21 Jul - In Amsterdam stock market dealings, Dutch technology group Philips Lighting sank 6.70% after it said that in the second quarter its sales fell a comparable 1.8% o 1.699 billion euros leading to a 1.3% contraction in the semester at 3.389 billion euros. Shares in French automotive parts supplier Valeo dipped 5.19% in Paris after the group reported first half sales that were lower than expectations despite a 20% rise in net income. Valeo late Thursday said its second quarter like for like sales rose 5% coming in at 4.697 billion euros while in the first half they increased a comparable 9% to stand at 9.464 billion euros. Net profit increased 20% to 506 million euros while the operating margin was 17% higher at 754 million euros, or 8.0% of sales. The group confirmed its full year objectives of sales growth outperforming the market by more than 5 percentage points and a slight increase in operating margin. Shares in Spanish infrastructure group Abertis rose 1.42% in Madrid after construction company ACS confirmed it was mulling a counter offer to buy the company which already received a 16.3 billion proposal from the Italian motorway group Atlantia. ACS earlier confirmed reports it was considering a counter-bid. According to daily Expansion the construction group could use its 72%-controlled German unit Hochtief to carry out the transaction. Atlantia shares dropped 1.86% in Milan. A24-Ver (RADIOCOR) 21-07-17 13:38:56 (0288) 5 NNNN

  14. Italy

    Saudi Arabia confirms IPO plans for Aramco - foreign minister

    Talks underway with several stock exchanges (Il Sole 24 Ore Radiocor Plus) - Rome, 21 Jul - Saudi Arabia confirmed plans to list its oil giant Saudi Aramco and talks in this sense are underway with several international stock exchanges, said foreign minister Adel bin Ahmed Al-Jubeir after a meeting with Italian counterpart Angelino Alfano. An IPO for 5% of share capital is expected in 2018. "We spoke about it and we have talks underway with a series of stock exchanges, but I won't add details that the energy minister is aware of," he said answering a question from Radiocor. Saudi Arabia intends to "move forward" with this project, he added. A24-Sch (RADIOCOR) 21-07-17 11:50:27 (0232) 5 NNNN

  15. Italy

    Newspaper headline round-up

    (Il Sole 24 Ore Radiocor Plus) - Milan, 21 Jul - Newspaper headline round-up FINANCIAL TIMES Exxon sues to stop fine for Russia sanctions breach. Investors turn from US to European stocks. Thousands protest against Polish judiciary bill. THE WALL STREET JOURNAL US and Exxon spar over alleged Russia sanctions violation. Poland moves to replace supreme court, despite protests. UK and EU engage on citizens' rights. BP said to be shopping its North Sea oil fields. PepsiCo CEO picks a No. 2, but no heir apparent. LES ECHOS Despite sanctions, North Korea registers its strongest growth in 17 years. IMF gives some breathing space to Athens. Peak demand in oil possible as soon as 2025. IL SOLE 24 ORE ACS confirms it is studying a counterbid for Abertis. Food giant Ferrero seeks to expand in the US targeting Nestle's sweet confectionery. Italian police asks Swiss authorities for names of Italians holding unidentified deposits at Credit Suisse. "Mafia Capital": 19 years for Buzzi and 20 for Carminati, accusation of mafia association dropped. CINCO DIAS ACS share drops as group confirms it is studying a counterbid for Abertis. Hedge funds short Bankia, BBVA, Santander, Sabadell. Axa signs first deal in Spain allowing staff not to answer mobile phone after work hours. HANDELSBLATT Euro holds onto gains. Demand for luxury watches drives Swatch profit. Internal Audi document sparks suspicion of an agreement between German car manufacturers. Germany reportedly puts armaments projects with Turkey on hold. Citi and Deutsche Bank join London exodus. A24-Web (RADIOCOR) 21-07-17 10:16:58 (0183) 5 NNNN

  16. Italy

    Abertis shares higher as ACS mulling counter-bid on company

    Abertis shares up over 2%; Atlantia, ACS shares down (Il Sole 24 Ore Radiocor Plus) - Madrid, 21 Jul - Shares in Spanish infrastructure group Abertis were higher in morning trade after construction company ACS confirmed it was mulling a counter offer to buy the company which already received a 16.3 billion proposal from the Italian motorway group Atlantia. At 0751 GMT Abertis shares were 2.03% higher at 16.84 euros while Atlantia shares were 1.01% lower at 25.54 euros. ACS shares fell 3.88% at 33.46 euros. ACS earlier confirmed reports it was considering a counter-bid. According to daily Expansion the construction group could use its 72%-controlled German unit Hochtief to carry out the transaction. A24-Sch (RADIOCOR) 21-07-17 10:06:40 (0177) 5 NNNN

  17. Italy

    Italy 10-yr govt bond spread vs Bund drops to 1.56 pct pts

    Yield at 2.08% (Il Sole 24 Ore Radiocor Plus) - Milan, 21 Jul - The differential between yields on 10-year Italian government bonds and their German counterparts stood at 1.56 percentage points in early trade after the words of European Central Bank president Mario Draghi, down from 1.58 points at the close on Thursday. The yield on the benchmark Italian bonds fell to 2.08% from 2.12%. A24-Sch (RADIOCOR) 21-07-17 09:34:31 (0162) 5 NNNN

  18. Italy

    Euro zone benchmark 10-year sovereign bond yields

    (Il Sole 24 Ore Radiocor Plus) - London, 20 Jul - Euro zone benchmark 10-year sovereign bond yields Germany - yield 0.54%; down 0.00 percentage points from previous close. France - yield 0.79%; down 0.01 percentage points from previous close. Belgium - yield 0.81%; down 0.00 percentage points from previous close. Italy - yield 2.13%; down 0.06 percentage points from previous close. Spain - yield 1.50%; down 0.05 percentage points from previous close. A24-Zap (RADIOCOR) 20-07-17 17:29:15 (0531) 5 NNNN

  19. Italy

    WPP unit Grey buys majority stake in France's Sensio

    No financial details disclosed (Il Sole 24 Ore Radiocor Plus) - Paris, 20 Jul - UK advertising company WPP said its wholly-owned operating global marketing communications agency Grey has acquired a majority stake in Extreme-Sensio (Sensio) in France for an undisclosed amount. Sensio is a full service digital agency that offers services including consulting, design, technology and customer acquisition. Founded in 1998, the agency has around 75 people and is headquartered in Paris. Clients include Groupe PSA, AXA, E.Leclerc, Futuroscope, Haagen Dazs and Nexity. Sensio's revenues were approximately 7.7 million euros for the year ended December 31, 2016 with gross assets of approximately 5.7 million euros as at the same date. "As a result of UK's referendum decision to leave the European Union, WPP is placing an even greater emphasis on growth in Western Continental Europe, which includes Germany, France, Italy and Spain. This acquisition continues WPP's strategy of investing in fast growth markets and important sectors," WPP said. In France, WPP companies, including associates, generate revenues of 700 million dollars and employ around 4,500 people. WPP's digital revenues were over 7.5 billion dollars in 2016, representing 39% of the total. WPP has set a target of 40-45% of revenue to be derived from digital in the next four to five years. A24-Sch (RADIOCOR) 20-07-17 11:51:12 (0264) 5 NNNN

  20. Italy

    Barry Callebaut buys Italy's D'Orsogna Dolciaria

    No financial details disclosed (Il Sole 24 Ore Radiocor Plus) - Bern, 20 Jul - Swiss high-quality chocolate and cocoa product manufacturer Barry Callebaut said it has signed an agreement to buy D'Orsogna Dolciaria, an Italian family-owned business-to-business company that provides high-quality decoration to food manufacturers, for an undisclosed amount. The deal will further strengthen the Swiss group's specialties & decorations business, in particular in Europe. With the acquisition of D'Orsogna Dolciaria, Barry Callebaut will become a leader in decoration and inclusion products, expanding its existing offering with amaretti, meringues, cookies, glazings, toppings, inclusions and other products for ice cream, yogurts, snacks and chocolate decorations. Sales volume of D'Orsogna Dolciaria in 2016 was around 12,000 tonnes, with sales revenues of about 52 million euros. The company was founded by Mario D'Orsogna and his wife Lucia in 1957 in San Vito Chietino, near Chieti. D'Orsogna Dolciaria has three state-of-the-art facilities in Italy, India and Canada and employs around 300 people. The transaction is subject to regulatory approval. Closing of the transaction is expected in September 2017, it said. A24-Sch (RADIOCOR) 20-07-17 11:35:21 (0252) 5 NNNN