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 rose 305.38, or 1.4 percent, to 22,238.16 in Milan.
Ansaldo STS (STS IM): Finmeccanica SpA’s railway technology unit is scheduled to release results. The shares added 0.9 percent to 10.42 euros.
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 IM): The lender named Carlo Palego to the new executive post of chief risk officer and Ottavio Rigodanza to the new position 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.
Enel SpA (ENEL IM): Petroceltic International Plc said it will sell an 18.4 percent stake in the Isarene Production Sharing Contract to Enel for as much as $36.75 million. Enel agreed to pay a “contingent cash consideration” of as much as $75 million, determined by the level of recoverable hydrocarbon reserves, Petroceltic said in a statement today. The shares added 1.4 percent to 4.76 euros.
Finmeccanica SpA (FNC IM): Italy’s biggest defense company is scheduled to publish results. The shares rose 1.5 percent to
Lottomatica SpA (LTO IM): 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.
Gruppo Banca Leonardo increased its price estimate to 16.7 euros from 14.3 euros and Exane BNP Paribas lifted its price projection to 14.5 euros from 11 euros. The shares rose 1.5 percent to 14.84 euros.
Luxottica Group SpA (LUX IM): The company will publish its results after the closing of the market. The shares slid 0.5 percent to 23.06 euros.
STMicroelectronics NV (STM IM): Europe’s largest semiconductor maker had its price estimate trimmed to 8.3 euros at UBS AG, to 9 euros at UniCredit Research and to 10 euros at JPMorgan Chase & Co. The shares dropped 4 percent to 8.1 euros.
Telecom Italia SpA (TIT IM): Sanford C. Bernstein lowered its price estimate on the common shares of Italy’s biggest phone company to 1.2 euros and on the savings shares to 1.1 euros. The common shares added 0.7 percent to 1 euro. The savings shares rose 0.8 percent to 85.05 euro cents.