Europe Top News and Analysis Italy

More

  • England's Premiership soccer players will earn more than 1 billion pounds ($1.97 billion) for the first time next season thanks to television, sponsorship and merchandising deals, a top accountancy firm said on Thursday.

  • A consortium led by U.S. private equity company TPG has withdrawn from a bid for Alitalia, leaving just two possible buyers for the Italian state's controlling stake in the loss-making airline.

  • Twin strikes stranded thousands of Alitalia passengers on Tuesday, as the Italian government said it was willing to quit the state-controlled airline by selling its entire 49.9% stake.

  • The boards of Banca Popolare di Milano and Banca Popolare dell'Emilia Romagna have approved a 5.45 billion euro deal that will create Italy's sixth-largest bank in the continuing consolidation of Italy's banking sector.

  • Italy's UniCredit has agreed to buy smaller rival Capitalia for more than $29 billion in shares to create Europe's second biggest bank, with branches stretching from Sicily to Eastern Europe.

  • Private equity firm Permira is in exclusive talks to buy more than half of famed Italian fashion house Valentino, it said on Friday, dimming the chances of a bid battle with U.S. rival Carlyle.

  • U.S. private equity firm Carlyle Group is set to challenge Permira for control of Valentino by offering 36 euros per share, a financial source said, sending shares in the Italian fashion group to a record high.

  • The boards of UniCredit and Capitalia may meet as early as Sunday to approve a deal that would create the euro zone's largest bank by market value, Italian newspapers said on Thursday.

  • Permira is to buy a 29.6% stake in Valentino, one of the world's top fashion houses, for 782.6 million euros ($1.06 billion), joining a small number of private equity firms in the luxury brand business.

  • The newly merged Intesa Sanpaolo reported soaring first-quarter profits due to capital gains of about 3 billion euros  ($4 billion) from the sale of its CariParma and FriulAdria units to French bank Credit Agricole.

  • Eni, the Italian oil and gas company, said that its adjusted net profit fell in the first quarter to 2.68 billion euros ($3.61 billion) from 2.954 billion euros as it suffered from a decline in production and the weakening of the dollar against the euro.

  • UniCredit said Thursday that first-quarter net profit rose 29% as the bank benefited from strong growth in Italy and central and eastern Europe. It also said it is looking at merger options, including with Rome-based Capitalia and France's Societe Generale.

  • ltomlinson1.jpg

    I was opening up my packs of Donruss' Score Select and I pulled this card. I was excited about who the player was, but I was really angry when I looked at this signature.I guess about 10 years ago, card companies started inserting signature cards in packs, but I have to tell you over the past couple years, the signatures have gotten worse and worse. I don't blame the card companies. They send these athletes a sheet of stickers to sign and in the end, the athletes just get lazy.

  • Telecom Italia said that its first-quarter net profit rose 4.2% to 775 million euros ($1.05 billion) from 744 million euros a year earlier thanks to a slight rise in sales and a fall in taxes.

  • Italian car maker Fiat posted an almost four-fold rise in first-quarter trading profit at its auto unit, beating forecasts, as it squeezed more money from a rise in sales of its smaller city cars, like the Panda.

  • I have had 80’s pop hits buzzing around in my head all morning. Remember that classic of the genre from Bananarama –- Talking Italian?

  • Italy's Intesa Sanpaolo is discussing a deal with AT&T and America Movil that would see each buy a third of Olimpia, which controls Telecom Italia, sources close to the situation said on Thursday.

  • Investors in Telefonica are wary of any move by the Spanish telecoms group to counter a 4.5 billion euro ($6 billion) joint bid for effective control of its long-courted neighbor, Telecom Italia.

  • Shares in Air France-KLM increased on Friday after Deutsche Bank upgraded the stock to “buy” from “hold”.

  • Italian energy groups Eni and Enel won a Russian state auction for the gas assets of bankrupt oil firm YUKOS on Wednesday, paying 151.536 billion roubles ($5.83 billion).