Banco Popolare, Pop. Milano, Lottomatica: Italian Equity Preview
The following companies may be active in Italian trading. Stock symbols are in parentheses and share prices are from the previous close.
Italy’s benchmark FTSE MIB Index (FTSEMIB) rose 305.38, or 1.4 percent, to 22,238.16 in Milan.
Banca Popolare di Milano Scrl (PMI IM): General Manager Fiorenzo Dalu plans to resign, Ansa newswire reported, without saying where it got the information. Deputy General Manager Enzo Chiesa may replace Dalu, Ansa said. An official at Banca Popolare di Milano declined to comment. The shares climbed 2 percent to 2.32 euros.
Banco Popolare SC (BP) : The lender named Carlo Palego to the new executive post of chief risk officer and Ottavio Rigodanza to the new executive post of chief operating officer as part of a plan to “revise and strengthen the organizational structure” of the company. The shares rose 3.6 percent to 2.02 euros.
Lottomatica SpA (LTO) : The Italian lottery company raised its 2011 forecasts for revenue and earnings before interest, tax, depreciation and amortization after first-quarter sales rose 29 percent to 702 million euros. Net income fell 26 percent to 21.9 million euros in the first quarter. The shares increased 1.5 percent to 14.84 euros.
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