Chief Financial Correspondent, Italy, Milan
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May 9, 2013

Mediobanca dragged into the red by Generali investment

MILAN, May 9 (Reuters) – Italy’s Mediobanca was
dragged into the red in the quarter through March, hit by
losses deriving from its large stake in insurer Generali
and shrinking margins due to the deteriorating Italian
economic backdrop.

Yet Mediobanca, the first Italian bank to report quarterly
results, was able to further improve its capital ratios, among
the strongest in the domestic banking sector, and continued to
cut costs.

May 8, 2013

Telecom Italia delays decision on Hutchison merger talks

MILAN (Reuters) – Telecom Italia (TLIT.MI: Quote, Profile, Research, Stock Buzz) delayed a decision on whether to open formal merger talks with Hong Kong-based conglomerate Hutchison Whampoa (0013.HK: Quote, Profile, Research, Stock Buzz), buying more time to win over its divided shareholders.

Italy’s largest phone group by market share said last month that Hutchison was interested in becoming its biggest shareholder.

May 8, 2013

Telecom Italia investors seen split on Hutchison deal

MILAN (Reuters) – Shares in Telecom Italia (TLIT.MI: Quote, Profile, Research, Stock Buzz) dropped nearly 3 percent after sources said the board will likely put off a decision on whether to start formal merger talks with Hutchison Whampoa (0013.HK: Quote, Profile, Research, Stock Buzz) at a meeting on Wednesday.

The stock had rallied 25 percent from near record lows since media reports last month of a possible tie-up between Italy’s biggest telecom operator and Hong Kong-based Hutchison.

May 8, 2013
Apr 29, 2013

Investors welcome new Italian government

MILAN (Reuters) – Investors welcomed on Monday the formation of a new government in Italy, piling into the country’s assets and brushing off a warning it might still need international aid to weather a deep economic crisis.

Sovereign borrowing costs fell to their lowest since October 2010 at a sale of 6 billion euros of five-year and 10-year bonds, and blue chip shares rose 1.6 percent – outperforming other European markets.

Apr 29, 2013

Investors welcome new Italian government

MILAN, April 29 (Reuters) – Investors welcomed on Monday the
formation of a new government in Italy, piling into the
country’s assets and brushing off a warning it might still need
international aid to weather a deep economic crisis.

Sovereign borrowing costs fell to their lowest since October
2010 at a sale of 6 billion euros of five-year and 10-year
bonds, and blue chip shares rose 1.6 percent -
outperforming other European markets.

Apr 27, 2013
Apr 27, 2013
Apr 27, 2013
Apr 27, 2013
    • About Lisa

      "I have been a correspondent for 13 years, reporting on banks, financial regulation and EU politics from London, Brussels, Zurich and Milan. I have also written about a variety of business sectors, general news, the arts and sport. As Chief Financial Correspondent for Italy, I keep a close eye on top Italian business stories, particularly Fiat and banking."
      Joined Reuters:
      1998
      Languages:
      English, Italian, French, German, Dutch, Spanish
      Awards:
      2010 Reuters Star Performer Award
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