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Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say

REFILE-Italy readies market sale of Monte dei Paschi stake as longer-term plan elusive, sources say Refiles to fix wording in headline Rome must cut MPS stake to show EU it doesn't control bank Italy rescued MPS in 2017, wants strategic buyer for stake sale No active talks with merger candidates Banco BPM, BPER Banco BPM remains favoured option for government By Valentina Za, Giuseppe Fonte MILAN, Oct 30 (Reuters) - Italy is struggling to find a "strategic" buyer for its stake in lender Monte de
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Italian banks nudge up, analysts see no big impact on profitability from planned levy

BUZZ-Italian banks nudge up, analysts see no big impact on profitability from planned levy ** Shares in Italian banks are slightly up on Wednesday with analysts saying a planned levy on the country's lenders would not have a big impact on their profitability ** Prime Minister Giorgia Meloni announced plans to raise 3.5 billion euros ($3.81 billion)
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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ArcelorMittal, Barratt Redrow, Croda

EUROPE RESEARCH ROUNDUP-ArcelorMittal, Barratt Redrow, Croda Oct 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ArcelorMittal , Barratt Redrow and Croda on Friday. HIGHLIGHTS * ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight * Barratt Redrow Plc BTRW.L : Citigroup cuts target price to 600p from 615p * Croda CRDA.L : JP Morgan cuts target price to 3875p from 4200p * Jet2 Plc JET2.L : Morgan Stanley raises targe
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Italy - Factors to watch on October 11

Italy - Factors to watch on October 11 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Israeli forces have acted illegally by shooting at positions used by U.N.
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BPER rules out share buybacks for next 3 years, focuses on internal growth

UPDATE 1-BPER rules out share buybacks for next 3 years, focuses on internal growth Adds quote in paragraph 3, details in paragraphs 4-10 MILAN, Oct 10 (Reuters) - BPER EMII.MI will not buy back its own shares over the next three years but rather use dividends to reward investors, its chief executive said, as the Italian bank on Thursday hiked its payout ratio to 75% under a new multi-year strategy .
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BPER CEO says no share buybacks in next 3 years, focused on organic growth

BPER CEO says no share buybacks in next 3 years, focused on organic growth MILAN, Oct 10 (Reuters) - BPER EMII.MI will not buy back its own shares over the next three years but use only dividends to reward investors, its chief executive said, as the Italian bank on Thursday hiked its payout ratio to 75% under a new multi-year strategy . CEO Gianni Franco Papa told a press conference that though he considered the bank's shares to still be undervalued, the strategic plan through 2027 did not envis
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Italy's BPER is focused on organic growth, CEO says

BRIEF-Italy's BPER is focused on organic growth, CEO says Oct 10 (Reuters) - BPER Banca EMII.MI CEO Gianni Franco Papa tells analysts in a business plan presentation: ITALY'S BPER CEO: FOCUSED ON ORGANIC GROWTH, POTENTIAL EXCESS CAPITAL WILL BE USED FOR THIS ITALY'S BPER CEO: SHAREHOLDERS TO DECIDE IN DECEMBER ON INTRODUCTION OF AN INTERIM DIVIDEND
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Italy's Bper sees 2028 revenues over 5.6 billion euros

BRIEF-Italy's Bper sees 2028 revenues over 5.6 billion euros Oct 10 (Reuters) - Bper Banca says in a slide prepared for the presentation of its strategic plan: SEES 2028 REVENUES OVER 5.6 BILLION EUROS, WITH NET COMMISSIONS AROUND 43% ON TOTAL REVENUES Further company coverage: EMII.MI
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European stocks end lower after US inflation data; French budget in focus

UPDATE 2-European stocks end lower after US inflation data; French budget in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. BPER jumps after bumper payouts in 2027 plan Deutsche Telekom up on net revenue expectations GSK to settle Zantac lawsuits, stock up Updated at 1555 GMT By Paolo Laudani, Sruthi Shankar and Johann M Cherian Oct 10 (Reuters) - European shares closed lower on Thursday, with defence and industrial stocks leadin
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BPER rallies to over 9-yr high after bumper payouts in 2027 plan

BUZZ-BPER rallies to over 9-yr high after bumper payouts in 2027 plan ** Shares in Italy's BPER Banca EMII.MI jump around 8% to their highest price since July 2015 after the group announced its business plan until 2027 ** BPER said it would pay shareholders an average of 75% of profits through 2027 ** "We appreciate BPER Banca's new approach, which
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Oil prices could reach $90/bbl if Middle East conflict hits supplies

LIVE MARKETS-Oil prices could reach $90/bbl if Middle East conflict hits supplies STOXX 600 down 0.2% Healthcare leads, tech lags GSK jumps on Zantac settlement Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com OIL PRICES COULD REACH $90/BBL IF MIDDLE EAST CONFLICT HITS SUPPLIES A supply disruption from escalating tensions in the Middle East could see oil pric
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European shares mostly lower; markets await US CPI

LIVE MARKETS-European shares mostly lower; markets await US CPI STOXX 600 down 0.2% Healthcare leads, tech lags GSK jumps on Zantac settlement Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN SHARES MOSTLY LOWER; MARKETS AWAIT US CPI Major European bourses nudged lower on Thursday as markets awaited U.S.
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Italy's BPER boosts shareholder payout counting on strong fee growth

UPDATE 2-Italy's BPER boosts shareholder payout counting on strong fee growth BPER plans dividend of 3.2 bln euros, tech investment of 650 mln Net income growth driven by strong fee revenue despite lower interest rates BPER targets cumulated net profit of 4.3 bln Adds shares, analyst comment By Andrea Mandala MILAN, Oct 10 (Reuters) - Italy's fourth-largest bank BPER EMII.MI said on Thursday it would pay shareholders an average of 75 % of profits through 2027, and bet on strong fee growth to sus
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Italy's BPER hikes payout ratio to 75%, bets on net fees

Italy's BPER hikes payout ratio to 75%, bets on net fees MILAN, Oct 10 (Reuters) - Italy's fourth-largest bank BPER EMII.MI on Thursday said it would pay out on average 75% of profits to shareholders through 2027, and bet on strong fee growth to sustain its net income as interest rates decline. The near tripling of BPER's payout ratio versus 2023 will put it ahead of sector leader Intesa Sanpaolo ISP.MI , and benefit BPER's top investor Unipol US.MI , Italy's No.2 insurer which has backed BPER's
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BPER Sees 2027 Net Profit Around Eur 1.5 Bln In New 2024-2027 Business Plan

BRIEF-BPER Sees 2027 Net Profit Around Eur 1.5 Bln In New 2024-2027 Business Plan Oct 10 (Reuters) - Bper Banca SpA EMII.MI : SEES FOR 2027 NET PROFIT AROUND EUR 1.5 BLN, FOR 2024 AROUND EUR 1.3 BLN SEES AVERAGE PAYOUT RATIO FOR 2025-2027 AT AROUND 75% SEES CUMULATED CASH DIVIDENDS OF €3.2 BILLION FOR 2025-2027 SEES FOR 2027 TOTAL REVENUES AT ARO
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Italy - Factors to watch on October 10

Italy - Factors to watch on October 10 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italy aims to introduce a draft law by the end of the year allowing the resumption of domestic nuclear power production , Energy Minister Gilberto Pichetto Fratin told a parliamentary hearing on Wednesd
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Italy - Factors to watch on October 9

Italy - Factors to watch on October 9 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 (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY The Italian government's 1% economic growth target for this year will be more difficult to reach after downward revisions made last week by national statistics bureau ISTAT, Economy Minister Giancarlo Gi
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Italy to sell further Monte Paschi stake this year, minister says

UPDATE 2-Italy to sell further Monte Paschi stake this year, minister says Adds remarks from separate Treasury official in paragraphs 7-8, details and background throughout ROME, Oct 3 (Reuters) - Italy plans to sell a further stake in bailed-out bank Monte dei Paschi di Siena BMPS.MI by the end of this year, Economy Minister Giancarlo Giorgetti said on Thursday.
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ASM International, Burberry, LVMH

EUROPE RESEARCH ROUNDUP-ASM International, Burberry, LVMH Oct 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASM International, Burberry and LVMH on Tuesday. HIGHLIGHTS * ASM International ASMI.AS : Stifel cuts target price to EUR 740 from EUR 800 * Burberry Group BRBY.L : HSBC raises target price to 770p from 690p * Carlsberg CARLb.CO : Jefferies cuts target price to DKK 1,000 from DKK 1,100 * LVMH LVMH.PA : HSBC raises target p
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