Friday May 9, 07:45 AM
Milan shares TFN at a glance outlook
MILAN (Thomson Financial) - Share prices are expected to open flat to lower in cautious trade due to rising oil prices.
Yesterday, the Mibtel index fell 1.04 percent to 25,994 points and the S&P/Mib was off 1.35 percent to 34,082.
Volume traded was an estimated 7.519 billion euros.
FORTHCOMING EVENTS
Today
-Telecom Italia Q1, forecast net 488 million to 546 million euros
-Telecom Italia (Milan: TIT.MI - news) conference call (3.00 pm)
-Atlantia Q1, forecast net profit 150 million to 165 million
-Saras (Milan: SRS.MI - news) conference call (1300 GMT)
-Pirelli Q1, forecast net 14 million euros to 47 million euros
Tomorrow
-UBI AGM (0730 GMT)
TODAY'S PRESS
-Alitalia (Milan: AZA.MI - news) board may resign on May 13 (Il Sole 24 Ore (Milan: S24.MI - news) )
-Safilo (Milan: SFL.MI - news) reiterates it has excellent relationship with Gucci (Finanza & Mercati)
COMPANY NEWS
-Saras Q1 profits rise, topping expectations, as margins rise on diesel exposure
-Cementir Q1 pretax down sharply on operating factors, energy, finance costs
-Generali's activist shareholder Algebris drops internal auditor legal threat
MACROECONOMIC/POLITICS/MISCELLANEOUS
-Italy names Tajani as EU commissioner replacing Frattini
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