Wednesday April 1, 08:35 AM
Italian Stocks - Factors to watch on April 1
MILAN, April 1 (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 (Milan:
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| href="http://uk.finance.yahoo.com/q?s=F.MI">F.MI - news) , CHRYSLER
Fiat SpA's CEO was set for talks with Chrysler LLC unions
and creditors in Detroit (DETROIT.SN - news) after U.S. authorities gave the
carmakers 30 days to set up a partnership to save the ailing
U.S. group.
* If objectives are met, Fiat could increase its stake in
Chrysler to up to 49 percent after an initial holding of 20
percent, Corriere della Sera without citing sources. La
Repubblica said it could go to 51 percent.
* Fiat's alliance with Chrysler would generate $7.4 billion of
savings in eight years, produce 2 mln cars on joint platforms,
and see Fiat brand Alfa Romeo sales of $1.3 billion in American
markets, Il Libero said.
Standard & Poor's cut its credit rating on Fiat to junk
status.
Fiat set new temporary lay-offs for workers at its
Pomigliano and Termini Imerese plants starting at the end of
April and running into May.
* UNICREDIT (Milan: UCG.MI - news)
Italy's Cariverona foundation has still not said whether it
will support a single list of board appointments proposed by the
other major shareholders at the bank, MF newspaper said.
BANCA POPOLARE
Results in the first two months of the year were
'satisfactory', the bank's Chief Executive Pierfrancesco
Saviotti said in an interview in Il Sole 24 Ore (Milan: S24.MI - news) .
* ENEL (Milan: ENEL.MI - news) , TERNA (Milan: TRN.MI - news)
They are expected to sign the deal for Enel to cede a
high-voltage electric grid to Terna for 1.15 billion euros, Il
Sole 24 Ore said.
* A2A (Milan: A2A.MI - news) , EDISON (Milan: EDN.MI - news)
A2A continues to be interested to the 10 percent in Edison
held by financier Romain Zaleski, A2A CEO Giulamo Zuccoli said
in La Stampa.
* FINMECCANICA (Milan: FNC.MI - news)
The defence and aerospace group could gain $11 billion euros
of work on supplies for the United States Joint Strike Fighter
aircraft in the period up to 2026, MF newspaper said citing
Italian government proposals.
* ENI (Milan: ENI.MI - news) , SARAS (Milan: SRS.MI - news)
Goldman Sachs (NYSE: GS - news) raised its ratings on these two stocks to
'buy', from 'neutral'.
SMALL AND MID-CAP COMPANIES
* MARIELLA BURANI FASHION GROUP SPA
It reported a 55.2 million euros net loss in 2008, compared
with a net profit of 16.8 million euros in 2007. Revenues rose
3.9 percent to 700 million euros. It said it and leather goods
unit Antichi Pellettieri (Milan: AP.MI - news) had nominated financial
advisors to assist them in their proposed merger.
It holds a conference call with analysts at 0730 GMT.
* ANTICHI PELLETTIERI
It saw a 45.5 percent rise in 2008 net profit to 38.4
million euros as sales rose 32.5 percent to 397.7 million euros.
Total revenues rose 7 percent in the first two months of 2009
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