Telecom Italia sets Nov. 30 deadline in talks over subsea cable unit sale MILAN, Oct 4 (Reuters) - Telecom Italia (TIM) TLIT.MI said on Friday it entered exclusive talks with Italy's Treasury and its partner Asterion to negotiate a binding offer for the telecoms group's subsea cable unit Sparkle by Nov. 30. Directors mandated TIM Chief Executive Officer Pietro Labriola to start talks with the Treasury-led consortium, the company said in a statement after a board meeting.

Telecom Italia board to meet Friday over bid for Sparkle unit, sources say MILAN, Oct 3 (Reuters) - Telecom Italia (TIM) TLIT.MI will hold a board meeting on Friday over a 700 million euro ($772 million) non-binding bid the telecoms group has received for its Sparkle subsea cable unit, two sources told Reuters on Thursday. On Wednesday, Italy's Treasury and Spanish fund Asterion submitted a joint bid for Sparkle.

French and Benelux stocks-Factors to watch Sept 30 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. FRENCH POLITICS France's new Prime Minister Michel Barnier is considering a temporary increase in corporate tax on the country's biggest companies as well as a tax on share buybacks, Le Monde newspaper reported on Sunday.

Italy - Factors to watch on September 30 The following factors could affect Italian markets on Monday. 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 Italy's public debt will only start falling as a proportion of economic output from 2027 despite a more positive trend in addressing its significant budget deficit, the Treasury said in its multi-year fi

BRIEF-Vivendi Enters In Financing Agreement For The Redemption Of Its Bonds Sept 27 (Reuters) - Vivendi SE VIV.PA : VIVENDI ENTERS INTO STRUCTURED FINANCING AGREEMENTS TO COVER THE POTENTIAL REDEMPTION OF ITS BONDS NOMINAL VALUE OF EUR 2 BLN BILATERAL STRUCTURED FINANCING AGREEMENTS INVOLVING PURELY CASH-SETTLED DERIVATIVES ON A PORTION OF UNIVERSA

South Africa's FDI inflows slow in second quarter, central bank says JOHANNESBURG, Sept 26 (Reuters) - South Africa recorded foreign direct investment inflows of 16.6 billion rand ($965.87 million) in the second quarter of 2024, down from 24.4 billion rand in the first quarter, central bank data showed on Thursday. The South African Reserve Bank said in its Quarterly Bulletin that the inflows were notably driven by a non-resident company increasing its equity investment in a domestic broadcastin

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB

Orange to cut 35 jobs at its video services unit in France By Gianluca Lo Nostro Sept 20 (Reuters) - French telecoms operator Orange ORAN.PA said on Friday it would cut 35 jobs in France at its video services and pay TV subsidiary Viaccess-Orca as part of an ongoing restructuring plan. WHY IT'S IMPORTANT Last year Orange launched a new strategic plan - the first under CEO Christel Heydemann - called "Lead the future", aimed at consolidating its digital services while at the same time launching a

BRIEF-Vivendi Announces New Perimeter For Canal+ Sept 20 (Reuters) - Vivendi SE VIV.PA : SOME VIVENDI-OWNED ASSETS CURRENTLY IN THE PROCESS OF BEING TRANSFERRED TO CANAL+ CANAL+ WILL CONSOLIDATE TOGETHER WITH ITS CURRENT BUSINESS GVA CANAL+ WILL CONSOLIDATE TOGETHER WITH DAILYMOTION, L'OLYMPIA, AND THE L’ŒUVRE THEATER IN FRANCE AS WELL AS THE CI

UPDATE 2-MediaForEurope sounds upbeat note on advertising sales Adds share performance in paragraph 4, details from analyst call in paras 8-9 By Elvira Pollina MILAN, Sept 19 (Reuters) - MFE-MediaForEurope MFEB.MI , the commercial broadcaster controlled by Italy's Berlusconi family, said on Thursday its advertising sales are set to beat expectations in the first nine months of the year, after posting a 6.7% rise in the first half.

MediaForEurope upbeat on 9-month advertising sales MILAN, Sept 19 (Reuters) - MFE-MediaForEurope MFEB.MI , the commercial broadcaster controlled by Italy's Berlusconi family, said on Thursday its advertising sales are set to beat expectations in the first nine months of the year, after posting a 6.7% rise in the first half. The company, which runs TV businesses in Italy and Spain, said its earnings before interest and taxes (EBIT) rose by 12.7% to 136 million euros ($151.37 million) in the first

Taylor Swift's music label Universal in investor spotlight after share slump By Charlotte Eugenie Yvette Bawol and Stephanie Hamel Sept 16 (Reuters) - Taylor Swift's music label Universal Music Group UMG.AS holds its first capital markets day on Tuesday, nearly two months after it posted lower-than-expected second quarter streaming and subscription revenue, knocking 24% off its share price.

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M

BUZZ-In online entertainment, MS still prefers music over video games ** Within online entertainment, Morgan Stanley continues to prefer music over video games, with the former being "dramatically undermonetised" and heading for a re-pricing cycle, and the latter having a generally bearish backdrop ** MS says Universal Music UMG.AS ("overweight") is well placed to capitalise on strong structural growth in music, with margin accretion and improving FCF conversion ** It however cuts UMG's PT by 6.

Major book publishers defeat Internet Archive appeal over digital scanning By Jonathan Stempel NEW YORK, Sept 4 (Reuters) - A U.S. appeals court sided with four major book publishers that accused the nonprofit Internet Archive of illegally scanning copyrighted works and lending them to the public online for free and without permission. The 2nd U.S.

RPT-COLUMN-New Zealand cranks fossil power output as hydro squeeze drags on: Maguire Repeats column with no changes to text By Gavin Maguire LITTLETON, Colorado, Aug 27 (Reuters) - Power generators in New Zealand have lifted output from fossil fuels to the highest in three years so far in 2024, as they struggle to offset the largest year-over-year drop in generation from hydro dams in roughly a decade.

COLUMN-New Zealand cranks fossil power output as hydro squeeze drags on: Maguire The opinions expressed here are those of the author, a columnist for Reuters By Gavin Maguire LITTLETON, Colorado, Aug 27 (Reuters) - Power generators in New Zealand have lifted output from fossil fuels to the highest in three years so far in 2024, as they struggle to offset the largest year-over-year drop in generation from hydro dams in roughly a decade.

Italy - Factors to watch on August 27 The following factors could affect Italian markets on Tuesday. 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 . DEBT Treasury sells 2.0-2.5 billion euros 3.10% BTP Short bonds due Aug.

UPDATE 2-Chip stocks slip, keeping European shares muted ahead of data-heavy week STOXX 600 flat German business morale down to 86.6 Tech sector down 1% Meyer Burger plunges 45% UK markets closed Updated at 1600 GMT By Pranav Kashyap and Lisa Pauline Mattackal Aug 26 (Reuters) - European shares were broadly flat in quiet trading on Monday, with semiconductor stocks leading the technology sector lower as investors looked ahead to several key economic data releases this week for more clues on the

Italy - Factors to watch on August 26 The following factors could affect Italian markets on Monday. 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 . DEBT Treasury announces sale of BTP and CCTeu bonds, with relative amounts to be auctioned on Aug.