((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
May 9 – The following factors could affect Italian markets on Thursday.
Reuters has not verified the news reports and cannot guarantee their accuracy. New items are marked with
.
For a full list of calendar events in Italy, please click on IT/DIA.
DEBT
The Treasury sells 7.5 billion euros of 12-month BOT bonds. Subscriptions close at 0900 GMT.
The Treasury is continuing to offer a new six-year BTP bond, ‘Btp Valore’, for retail investors only; ends May 10. Orders for the new bond reached 8.7 billion euros at the end of the first three days of the offering, lower than for a similar issue in February, Milan stock exchange data showed on Wednesday .
COMPANIES
NEXI NEXII.MI
The Italian payments group posted a larger-than-expected rise in its first-quarter core profit on Thursday and confirmed its forecast for the year. Nexi said it repaid 220 million euros ($236 million) of debt in April and used its existing cash to repay 1.3 billion euros of debt falling due between this year and next.
First quarter results conference call (0600 GMT).
UNICREDIT CRDI.MI
The bank announced on Thursday the launch of the second tranche of its 2023 buyback program for a maximum amount of 1.6 billion euros for a number of UniCredit shares not exceeding 200 million.
LEONARDO LDOF.MI, FINCANTIERI FCT.MI
The Italian defense group has agreed with shipbuilder Fincantieri a cash payment of just over 400 million euros to sell its Whitehead Alenia Sistemi Subacquei (WASS) submarine unit, Il Sole 24 daily reported on Thursday Ore, citing highly placed sources.
According to the MF newspaper, the transaction could be announced later today, with Fincantieri’s board of directors expected to meet on Thursday to discuss the WASS transaction and the capital increase needed to finance the operation.
The daily newspapers Il Sole 24 Ore and Corriere della Sera said that Finantieri’s capital increase would be between 400 and 500 million euros.
DIASORIN
Barclays said on Thursday it was starting coverage of the company with an equal weight rating and a price target of 95 euros.
PRYSMIAN
The world’s largest cable maker said on Thursday its full-year results would come in at the upper end of its forecasts, after posting a lower but better-than-expected core profit in the first quarter, driven by its power networks business and transmission. Prysmian said its adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) stood at 412 million euros ($443 million) in the January-March period.
First quarter results conference call (0800 GMT).
FINCANTIERI FCT.MI
Vard, the group’s Norwegian subsidiary, said on Wednesday it had signed an agreement with Norwegian shipping group Island Offshore for the design and construction of an Ocean Energy Construction Vessel (OECV) with advanced hybrid propulsion. The parties also agreed on an option for two other vessels.
BPER EMII.MI
Italy’s fourth-largest bank maintained its forecast for net profit in line with 2023 on Wednesday, despite the drop in interest rates, after announcing a 57% jump in its net profit in the first quarter. Managing Director Gianni Franco Papa told analysts the bank was well ahead of its business plan and could update or revise it.
TERNA TRN.MI
The Italian power grid operator on Wednesday reported a 26% annual rise in core profit for the first quarter, as it boosted investments to increase domestic grid capacity for renewable energy.
TELECOM ITALIA (TIM) TLIT.MI
European Union competition authorities will meet the Italian telephone group’s rivals next week to discuss the proposed acquisition of TIM’s national fixed telephone network by the American fund KKR
KKR.N , two sources said Wednesday.
Chief executive Pietro Labriola told Thursday’s Il Messaggero newspaper that he sees potential additional profits of almost 5 billion euros ($5.37 billion) from TIM’s new business plan, adding that they could partly be used for dividends and actions aimed at accelerating growth.
Mr. Labriola also said the company was no longer considering selling a share of its TIM Enteprise unit to a financial partner, and that he hoped ongoing negotiations for the sale of the Sparkle unit could be concluded shortly .
The chief executive added that there is no reason to believe that Telecom Italia’s plan to sell its fixed network to US fund KKR KKR.N – the centerpiece of its commercial strategy – will not be concluded on time. planned.
TOD’S TOD.MI
LVMH-backed private equity firm L Catterton said on Wednesday it owns 96.92% of the luxury shoe maker, along with the Della Valle family and LVMH, after its takeover bid for the Italian company. She has exceeded the threshold for exercising the right to purchase the remaining shares.
2I RETE GAS, IPO
Italy’s second-largest gas distributor, 2i Rete Gas, controlled by Italian infrastructure fund F2i, has started discussions with potential institutional investors with a view to listing on the Milan stock exchange, Il Sole 24 newspaper reported on Thursday Ore.
BREMBO BRBI.MI
Board meeting on first quarter results (0730 GMT), followed by conference call (1230 GMT).
RECORDATI RECI.MI
Board meeting on first quarter results, followed by conference call (1400 GMT).
BANCA MEDIOLANUM BMED.MI
Board meeting on first quarter results, followed by conference call (1430 GMT).
ENEL ENEI.MI
Board of Directors meeting on first quarter results, followed by conference call (1600 GMT).
SALVATORE FERRAGAMO SFER.MI
Board meeting on first quarter results (revenue), followed by conference call (1600 GMT).
PIRELLI PIRC.MI
Board meeting on first quarter results, followed by conference call (1630 GMT).
AZIMUT HOLDING AZMT.MI
Board of Directors meeting on first quarter results.
BANCA GENERALI BGN.MI
Board of Directors meeting on 1st quarter results.
NEWSPAPER
Rome, Economy Minister Giancarlo Giorgetti meets with President of the Saudi Italian Business Council Kamel Al Munajjed (1500 GMT).
Rome, Fincantieri FCT.MI Cybersecurity Vice President Daniele Francesco Ali speaks to the Defense Committee of the Chamber of Deputies on cyberdefense, new profiles and critical issues (0630 GMT).
Rome, the market regulator CONSOB is organizing a seminar entitled “The tokenization of financial instruments – prospects for the Italian market” (1215 GMT); expected participants include ECB board member Piero Cipollone, Milan Stock Exchange CEO Fabrizio Testa, Cassa Depositi e Prestiti (CDP) Deputy Financial Director Fabio Massoli (1315 GMT), Stefano Cappiello, representative from the Ministry of Economy, Alessandra Perrazzelli, deputy governor of the Bank of Italy (1415 GMT), Paolo Savona, president of CONSOB (1515 GMT).
Rome, self-employed social protection association AdEPP holds meeting (0745 GMT); among the expected participants are the Undersecretary of Economy Federico Freni, the Deputy Minister of Economy Maurizio Leo, the Minister of Foreign Affairs Antonio Tajani, the general director of Telecom Italia (TIM) TLIT.MI, Pietro Labriola , general director of Acea ACE.MI , Fabrizio Palermo, president of Banco BPM BAMI.MI , Massimo Tononi, general director of F2i, Renato Ravanelli.
Milan, 24th annual meeting “Utilities in the age of Generative AI: optimization, competitiveness and asset management” (0730 GMT); expected attendees include Nicola Monti, chief executive of Edison EDNn.MI , Italgas IG.MI , Pier Lorenzo Dell’Orco, chief executive of Reti unit, Stefano Venier, chief executive of Snam SRG.MI (0830 GMT) ; Monica Jacono, Italian general manager of Engie ENGIE.PA , Orazio Iacono, general director of Hera HRA.MI , Luca Dal Fabbro, president of Iren IREE.MI (0930 GMT).
Chieti, Minister of Industry Adolfo Urso participates in the event “Innovation Automotive Forum” (1000 GMT).
For data and information on Italian markets, click on the codes in parentheses:
20 largest increases (in percentage)………… .PG.MI
20 biggest losers (in percentage)…………. .PL.MI
FTSE IT allshare index .FTITLMS
FTSE Mib Index…..FTMIB
FTSE Allstars Index… .FTSTAR
FTSE Mid Cap Index…..FTIT™
Block trading………. .BLK.MI
Articles about Italy…… IT-LEN
For data and information on pan-European markets, click on the codes in parentheses at:
Speed Guide to European Stocks…………………… EUR/EQUITY
FTSEurofirst 300 Index………………………..FTEU3
DJ STOXX Index………………………………….. .STOXX
Top 10 STOXX sectors……………………… .PGL.STOXXS
Top 10 EUROSTOXX sectors…………………… .PGL.STOXXES
Top 10 Eurofirst 300 sectors………………. .PGL.FTEU3S
First 25 European pct winners……………………. .PG.FEAR
Top 25 losing European pcts…………………… .PL.FEAR
Main stock markets:
Dow Jones…………… .DJI Wall Street Report….. .N
Nikkei 225…………. .N225 Tokyo Report………… .T
FTSE 100…………… .FTSE London report………. .LXetra DAX…………. .GDAXI stories from the Frankfurt market .FCAC-40………….. .FCHI Paris Market… .PAGlobal Indices…………………………………… 0#.INDEXReuters survey on global stock market outlook……… EQUITYPOLL1Journal of Western European IPOs………………………….. WEUIPOEuropean asset allocation…………………… EUR/ASSETReuters News at a Glance: Stocks…………… TOP/EQEMajor Currencies Report:…………………………….. FRX/
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