— Breaking News

  1. Italy

    Atlantia calls shareholder meeting on Feb 21 on ABertis bid

  2. Italy

    Euro zone benchmark 10-year sovereign bond yields

    (Il Sole 24 Ore Radiocor Plus) - London, 19 Jan - Euro zone benchmark 10-year sovereign bond yields Germany - yield 0.57%; down 0.01 percentage points from previous close. France - yield 0.84%; down 0.01 percentage points from previous close. Belgium - yield 0.71%; down 0.00 percentage points from previous close. Italy - yield 1.97%; down 0.00 percentage points from previous close. Spain - yield 1.49%; up 0.01 percentage points from previous close. A24-Cia (RADIOCOR) 19-01-18 18:18:36 (0456) 5 NNNN

  3. Italy

    CDP unit buys 34% stake in Astaldi US unit

    Investment totals 7.5 mln usd (Il Sole 24 Ore Radiocor Plus) - Milan, 19 Jan - The Italian civil engineering group Astaldi said that Simest, a unit of the state-controlled financial group Cassa Depositi e Prestiti (CDP), has bought a 34% stake in its US unit Astaldi Construction Corporation for 7.5 million dollars. A24-Web (RADIOCOR) 19-01-18 17:12:47 (0393) 5 NNNN

  4. Italy

    Italy top banks Q3 net NPL ratio 7.8% vs 8.2% Q2 - BoI

  5. Italy

    Italy top banks Q3 net NPL ratio 7.8% vs 8.2% Q2 - BoI

    NPL coverage ratio 55.3% vs 53.3% (Il Sole 24 Ore Radiocor Plus) - Rome, 19 Jan - The share of net nonperforming loans (NPLs) to total loans held by Italian banks classified as significant for supervisory purposes fell to 7.8% in the third quarter of 2017 from 8.2% in the previous three months, according to the Bank of Italy. In its economic bulletin, the central bank said the gross NPL ratio also dropped to 15.3% from 16.5% in the second quarter. "This reduction was largely attributable to the completion of UniCredit's sale of its bad loans, which were already heavily written down," the central bank said. "As a result of this sale, the coverage ratio for non-performing loans (the ratio of loan loss provisions to total nonperforming loans) for the significant groups as a whole fell from 55.3% to 53.3%. A24-Cia (RADIOCOR) 19-01-18 16:46:10 (0383) 5 NNNN

  6. Italy

    Italy bank household lending up 1.8% in 3-mth to Nov -BoI

    Compares to 1.1% increase in previous quarter (Il Sole 24 Ore Radiocor Plus) - Rome, 19 Jan - Italian banks increased lending to the non-financial private sector by 1.8% in the three months ending in November compared to the year before, the Bank of Italy said in its economic bulletin. That compares with a 1.1% increase in the previous quarter ending in August. Lending to non-financial firms grew by 1.1% in the three months ending in November from -0.2% in August. "The heightened demand related to the recovery in investment continued to be offset by greater self-financing capacity, reducing the need for external resources," the central bank said. The growth in lending strengthened for manufacturing firms (2.6% over the preceding twelve months) and remained positive for service firms (0.7%); the contraction in lending to construction firms continued (-3.8%), according to the report. A24-Cia (RADIOCOR) 19-01-18 16:35:57 (0378) 5 NNNN

  7. Italy

    Italy Nov current account surplus 4.881 bln eur

  8. Italy

    Italy 2017 GDP seen up 1.5%, 2018 up 1.4% -2-

    Inflation up 1.1% in 2018, up 1.5%/yr in 2019-2020 (Il Sole 24 Ore Radiocor Plus) - Rome, 19 Jan - Consumer price inflation in Italy is expected to slow down temporarily this year, before gradually climbing back up again, the central bank said. The slowdown to 1.1% expected in 2018 is mostly attributable to the automatic easing of the effect of the increase in the prices of energy and food products recorded in early 2017, it added. Over the next two years, prices are expected to increase by a yearly average of 1.5%, reflecting stronger growth in wages, according to the bulletin. A24-Cia (RADIOCOR) 19-01-18 15:28:58 (0340) 5 NNNN

  9. Italy

    Italy Dec power demand up 1.7% mth/mth

    2017 power demand up 2.0% vs 2016 (Il Sole 24 Ore Radiocor Plus) - Milan, 19 Jan - Italian power demand rose 1.7% year on year in December to 26.9 billion kilowatt hour (kWh), according to the grid operator Terna. On an adjusted basis, demand rose 0.5% in December compared with November. Terna noted that 87.6% of power demand was covered by domestic production and 12.4% was covered by imports. For the whole of 2017, Terna estimates that demand rose 2.0% to 320.4 billion kWh, the highest level since 2013. On an adjusted basis, demand rose 2.3% in 2017. A24-Web (RADIOCOR) 19-01-18 15:24:32 (0336) 5 NNNN

  10. Italy

    Italy 2017 GDP seen up 1.5%, 2018 up 1.4% - Bank of Italy

    GDP seen up 1.2%/yr in 2019-2020 (Il Sole 24 Ore Radiocor Plus) - Rome, 19 Jan - Italy's economic output is seen rising 1.4% in 2018 and an annual 1.2% in 2019-2020, after expanding 1.5% in 2017, the Bank of Italy said in its latest economic bulletin. Economic activity is expected to be mainly driven by domestic demand, the central bank said. In the fourth quarter, gross domestic product is estimated to have risen 0.4%, confirming the positive trend but remaining below the euro area average. "Overall, GDP performance is expected to continue to depend on the support provided by economic policies, albeit to a lesser extent than in the past," according to the report. A24-Cia (RADIOCOR) 19-01-18 15:18:36 (0334) 5 NNNN

  11. Italy

    Europe shares higher at mid-session on growth optimism -2-

  12. Italy

    Creval shares lower as capital hike seen starting Feb 19 -2-

    Two-thirds of offer reportedly for institutional investors (Il Sole 24 Ore Radiocor Plus) - Milan, 19 Jan - According to the newspaper Il Messaggero, the offering should begin on February 19, pending authorization from stock market regulator Consob, and should wrap up immediately after Italian elections on March 4. At least two-thirds of the offering is expected to be reserved for institutional investors, the newspaper said, and the remainder for retail investors. Following the board's approval of 2017 financial accounts on February 5, general manager Mauro Selvetti is expected to depart around February 7 or 8 for an international roadshow, meeting with investors in New York, Boston, London, Paris and Switzerland, the newspaper added. A24-Hob (RADIOCOR) 19-01-18 12:42:20 (0238) 5 NNNN

  13. Italy

    Creval shares lower as capital hike seen starting Feb 19

  14. Italy

    Geox shares lower on Q4 sales

    Shares down nearly 6% (Il Sole 24 Ore Radiocor Plus) - Milan, 19 Jan - Shares of the Italian shoe maker Geox were sharply lower after the release of weaker-than-expected four quarter sales. The group also announced the appointment of a new chief executive. At 0957 GMT, Geox was down 5.54% at 2.696 euros, after reaching a morning low of 2.560 euros, in Milan, where the FTSE MIB index was up 0.68% at 23,792.54 points. Geox said that full year revenue amounted to 884.5 million euros, down 1.8% at current foreign exchange rates and down 1.7% at constant forex. The company also said that its chief executive Gregorio Borgo will be replaced by Matteo Mascazzini on February 1. Mascazzini is chief operating officer of Gucci America. A24-Web (RADIOCOR) 19-01-18 11:02:29 (0173) 5 NNNN

  15. Italy

    Italy gas discovery yields 'strong flow rates' - Prospex

  16. Italy

    Italo-NTV IPO reportedly to start IPO Feb 12

  17. Italy

    BNP reportedly frontrunner to buy Banco BPM depositary ops

  18. Italy

    Geox FY revenue 884.5 mln eur, down 1.8%, names new CEO

  19. Italy

    TIM sets March 6 deadline for union deal on layoffs

    Ready to take "autonomous solutions" without agreement (Il Sole 24 Ore Radiocor Plus) - Rome, 18 Jan - Italian telecoms group Telecom Italia (TIM) gave trade unions until March 6 to reach an agreement over its proposed voluntary layoffs, according to a presentation to unions viewed by Radiocor Plus. Without a deal, the company said it will take "autonomous solutions." The solutions must be agreed by February to enter into force in March, one of the slides say. TIM is due to present its new industrial plan on March 6. The reorganization plan concerns 10,000 employees, with up to 6,500 voluntary layoffs, part of which would be incentivized, around 3,500 job relocations, and 2,000 new jobs, from July. Staff has also been asked to reduce their shifts by 20 minutes per day. The group has already put aside around 700 million euros to implement the plan, sources said. A24-Cia (RADIOCOR) 18-01-18 18:30:13 (0517) 5 NNNN

  20. Italy

    Major world currency foreign exchange rates