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Top of the Street: BMW, Adyen, Straumann, Wolters Kluwer, banks and telcos

BUZZ-Top of the Street: BMW, Adyen, Straumann, Wolters Kluwer, banks and telcos A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Jefferies downgrades German car manufacturer BMW BMWG.DE to "hold" from "buy" seeing its competitive advantages in EVs as widely understood now ** Morgan Stanley upgrades the Dutch payments processor Adyen ADYEN.AS to "overweight" from "equal-weight", citing confidence in its short and long-term growth ** Deutsche Bank raises Fr
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Swisscom’s Italy foray works best as a first step

BREAKINGVIEWS-Swisscom’s Italy foray works best as a first step The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Lisa Jucca MILAN, March 15 (Reuters Breakingviews) - Swisscom SCMN.S is attempting to make big money in one of Europe’s least profitable telecom markets. The $30 billion Swiss telecom operator pledged on Friday to deliver 600 million euros of annual savings from splicing its 8 billion euro purchase of Vodafone’s VOD.L hard-pressed Italian o
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Swisscom buys Vodafone Italia for $8.7 billion as telcos consolidate

UPDATE 5-Swisscom buys Vodafone Italia for $8.7 billion as telcos consolidate Swisscom to buy Vodafone's Italian business Deal follows consolidation in Spanish market Swisscom signals increase in dividend from FY25 Vodafone shares rise 5.7%, Swisscom up 4.2%, Updates shares in paragraph 5, adds analyst reaction in paragraphs 6-7, Vodafone CEO quotes in paragraphs 19-21 By John Revill and Paul Sandle ZURICH/LONDON, March 15 (Reuters) - Swisscom SCMN.S said on Friday it would buy Vodafone Italia f
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Italy - Factors to watch on March 13

Italy - Factors to watch on March 13 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 ISTAT releases Q4 labour market data (0900 GMT). DEBT Treasury sells following BTP bonds: 2.5-3.0 billion euros 2.95% due Feb.
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Telecom Italia boss sketches plans for leaner company after network sale

PREVIEW-Telecom Italia boss sketches plans for leaner company after network sale TIM to unveil outlook for reshaped group on March 7 Brazil-unit emerging as main growth engine TIM sees debt cut as basis for domestic business revamp CEO Labriola on hunt for a second mandate By Elvira Pollina MILAN, March 4 (Reuters) - The head of Telecom Italia (TIM) TLIT.MI will this week outline his plans for a leaner company after a landmark sale of the group's fixed-line network, seeking a second term at the
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M&A may breathe new life into Europe's neglected telecoms

GRAPHIC-M&A may breathe new life into Europe's neglected telecoms Investors bet consolidation could lift margins Telecoms stocks languish at record lows to market Percentage of global funds overweight telecoms rises to 31% By Danilo Masoni MILAN, March 1 (Reuters) - A series of potential deals across Europe's fragmented telecoms industry has put the battered sector in the spotlight, as consolidation could help boost profit margins.
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Vodafone’s Italy exit puts speed before valuation

BREAKINGVIEWS-Vodafone’s Italy exit puts speed before valuation The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Lisa Jucca MILAN, Feb 28 (Reuters Breakingviews) - Margherita Della Valle looks set to prioritise speed over valuation. The boss of $24 billion British telco Vodafone VOD.L seems to like Swisscom’s SCMN.S 8 billion euro ($9 billion) offer for its hard-pressed Italian business.
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Swisscom closes in on $8.7 bln deal to buy Vodafone Italia

UPDATE 3-Swisscom closes in on $8.7 bln deal to buy Vodafone Italia Swisscom in exclusive talks to by Vodafone Italia Vodafone earlier rejected a joint venture with Iliad Deal would create strong fixed-line and mobile player Updates shares in paragraph 3, adds details on Wind Tre in paragraph 13 By Paul Sandle and Paolo Laudani LONDON, Feb 28 (Reuters) - Swisscom SCMN.S said on Wednesday it was in exclusive talks to buy all of Vodafone Italia for 8 billion euros ($8.7 billion) to merge the busin
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds R1 RCM, Edison, Kroger and Charter Communications; Updates Broadcom Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT , on Monday: * * Charter Communications CHTR.O is weighing a takeover of broadband service provider Altice USA ATUS.N , Bloomberg News reported, according to people familiar with the matter.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Agiliti, Broadcom, CMA CGM Updates: Wincanton, NEC, MIND ID Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT, on Monday: ** Chipmaker Broadcom AVGO.O is selling its unit that allows users to remotely access desktops in a deal valued at about $4 billion to KKR KKR.N , furthering CEO Hock Tan's efforts to streamline the firm's portfolio following its VMware takeover.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Feb 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT, on Monday: ** Hong Kong-based hedge fund Oasis Management has filed an injunction to block NEC's 6701.T sale of its stake in its listed unit Japan Aviation Electronics (JAE) 6807.T , saying that the sale would inflict damage on its shareholders.
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Europe's STOXX 600 falls at start of inflation data-driven week

UPDATE 2-Europe's STOXX 600 falls at start of inflation data-driven week For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Zealand Pharma shares surge on liver disease drug trial data Bank of Ireland slides on weaker-than-expected forecast France's Iliad to take $1.3 bln stake in Sweden's Tele2 STOXX off 0.4% Updated at 1650 GMT By Ankika Biswas and Khushi Singh Feb 26 (Reuters) - Europe's benchmark stock index dropped on Monday, led by mi
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STOXX off to quiet start; Bank of Ireland hit

LIVE MARKETS-STOXX off to quiet start; Bank of Ireland hit STOXX 600 down 0.4% Bank of Ireland guidance disappoints Iliad to buy stake in Tele2 U.S. futures inch 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 STOXX OFF TO QUIET START; BANK OF IRELAND HIT European shares were off to a quiet start on Monday with the STOXX 600 .STOXX falling by 0.4% as a four-week rally that
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European stock futures edge lower; M&A in focus

LIVE MARKETS-European stock futures edge lower; M&A in focus 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 STOCK FUTURES EDGE LOWER; M&A IN FOCUS European shares were set for a softer start on Monday, with U.S. PCE inflation data on Thursday likely to be this week's top market mover, as investors stay focused on the outlook for interest rate cuts by the Federal Reserve
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Italy - Factors to watch on Feb. 16

Italy - Factors to watch on Feb. 16 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 Italian farmers descended on central Rome on Thursday to call on Prime Minister Giorgia Meloni to offer more help to them and block European Union policies they see as detrimental to their industry.
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TIM rivals flag competition risks over network spin-off in letter to Rome govt

EXCLUSIVE-TIM rivals flag competition risks over network spin-off in letter to Rome govt MILAN, Feb 15 (Reuters) - Telecom Italia's (TIM) TLIT.MI competitors have written to the Italian government to voice concerns about the risk that a planned spin-off of the former phone monopoly's network assets reinforces its dominant position in the fixed broadband market, a document showed.
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Telecom Italia boss expects trouble-free network sale

UPDATE 2-Telecom Italia boss expects trouble-free network sale CEO expects deal to close around the middle of the year Network sale part of TIM's turnaround strategy Italian telecoms companies looking to reshape sector Adds background and further detail from analyst call By Elvira Pollina MILAN, Feb 15 (Reuters) - Telecom Italia (TIM) TLIT.MI does not expect any specific antitrust obstacles to the planned sale of its fixed-line network assets to U.S.
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Swisscom sole remaining party in talks for Vodafone Italy, sources say

Swisscom sole remaining party in talks for Vodafone Italy, sources say By Amy-Jo Crowley, Elvira Pollina and Paul Sandle LONDON/MILAN, Feb 15 (Reuters) - Swisscom SCMN.S is the only party in discussions over a potential Vodafone VOD.L tie-up in Italy, sources close to the matter told Reuters. A combination with Swisscom's Fastweb Italian business is the sole option Vodafone has been working on after its January rejection of a bid to merge its Italian operations with those of Iliad, the three sou
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Factors to watch - Feb 11

MIDEAST - Factors to watch - Feb 11 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-Global equities notch third weekly gain; US yields up MKTS/GLOB * Oil settles up, notches weekly gain on tight supply
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Swisscom profit rises on Fastweb growth, declines comment on Vodafone talks

UPDATE 2-Swisscom profit rises on Fastweb growth, declines comment on Vodafone talks Adds comment and background on potential deal with Vodafone in paragraphs 3-5 By Mateusz Dobrzyniewski and Anastasiia Kozlova Feb 8 (Reuters) - Swisscom SCMN.S met expectations with a 4.9% rise in full-year core profit on Thursday boosted by growth in its Fastweb business in Italy.
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