Italy - Factors to watch on March 20
20/03/2025 05:00
The following factors could affect Italian markets on Thursday. 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 will ask the European Union to prepare compensatory measures for sectors that could be impacted by U.S tariffs, Industry Minister Adolfo Urso said on Wednesday, adding that he wanted to avoid a trade war. COMPANIES SNAM SRG.MI The Italian gas grid company said on Wednesday its adjusted core earnings rose 14% last year as growth at its fuel infrastructure business more than compensated for a drop in its energy efficiency operations. ENI ENI.MI Italian prosecutors said on Wednesday they had opened an investigation into the Italian energy company and seven of its employees following an explosion at a fuel depot near Florence in December that killed five people. STELLANTIS STLAM.MI Chairman John Elkann said on Wednesday the European automotive industry does not need to convert to defence, as the Franco-Italian group is on course to appoint a new chief executive in the first half of this year. Speaking during a parliamentary hearing, Elkann also said that 2025 would be another difficult year. (*) NEXI NEXII.MI US investment fund TPG TPG.O has offered the Italian payments group around 850 million euros for its digital banking solutions division, Corriere della Sera reported on Thursday. The unit, with revenues of 390 million euros in 2024, includes the strategic Register of Italian Companies (Rni, the paper added. (*) BPER BANCA EMII.MI, BANCA POPOLARE DI SONDRIO BPSI.MI The fair value for Popolare di Sondrio shares cannot be lower than 10.285 euros, excluding dividend and including a control premium, according to a report by PwC commissioned by BPER, part of the documents filed by the lender ahead of its next shareholders' meeting. (*) MFE MFEA.MI MFEB.MI, MOLTIPLY MOL.MI A preliminary binding agreement for the sale of Verivox, a price comparison portal controlled by Germay's ProsiebenSat1 PSMGn.DE, to Italian holding company Moltiply is expected to be signed on Friday, Il Messaggero reported on Thursday. The deal could pave the way for MFE's takeover bid for the German broadcaster. (*) STMICROELECTRONICS STMMI.MI The deputy chairman of the group's supervisory board, Maurizio Tamagnini, appointed by state lender CDP - which holds 27.5% of the company - has resigned from his post, the group said on Wednesday, in a move that underlines Rome's disappointment with the management of CEO Jean Marc Chery. BREMBO BRBI.MI Deutsche Bank on Thursday cut its rating to 'hold' from 'buy' and cut its target price to 10 euros from 12 euros. BANCA MONTE DEI PASCHI BMPS.MI Tuscan bank's CEO Luigi Lovaglio attends Morgan Stanley "European Financial Services Conference" in London (1300 GMT). A2A A2.MI Releases FY results (preliminary FY results releases on Feb. 20), followed by conference call (1530 GMT). MONCLER MONC.MI Extraordinary shareholders' meeting (1000 GMT). DIARY Prime Minister Giorgia Meloni attends European Council meeting in Brussels (to March 21). Rome, EU Commissioner for the Environment, Water Resilience and the Circular and Competitive Economy Jessika Roswall addresses Senate and Chamber of Deputies Environment and EU Policy committees (1500 GMT). Rome, conference "Water: care of the resource and universal access" (0900 GMT); expected attendees include Foreign Minister Antonio Tajani, Environment and Energy Security Minister Gilberto Pichetto Fratin, U.N. Food and Agriculture Organization (FAO) Vice Director General; via videomessages U.N. Special Envoy for Water Retno Marsudi and EU Commissioner for Environment, Water Resilience and circular and Competitive Economy Jessika Roswall. Milan, preview of conference "Pact4Future - people, purpose, planet" to be held on March 25-27 (1730 GMT); expected attendees include Poste Italiane PST.MI CEO Matteo Del Fante, illycaffè CEO Cristina Scocchia. Bologna, Industry Minister Adolfo Urso attends inauguration ceremony of 56th edition "Cosmoprof Worldwide Bologna" (0930 GMT). Genoa, ISTAT presents 13th edition "Competitiveness of Production Sectors Report" (1000 GMT). ((Milan newsroom, e-mail: reutersitaly@thomsonreuters.com)) For Italian market data and news, click on codes in brackets: 20 biggest gainers (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.... .FTITMC Block trades.......... .BLK.MI Stories on Italy...... IT-LEN For pan-European market data and news, click on codes in brackets: European Equities speed guide...................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 Top 25 European pct gainers........................PG.PEUR Top 25 European pct losers.........................PL.PEUR Main stock markets: Dow Jones................DJI Wall Street report ......N Nikkei 225..............N225 Tokyo report.............T FTSE 100................FTSE London report............L Xetra DAX..............GDAXI Frankfurt market stories.F CAC-40..................FCHI Paris market stories....PA World Indices.....................................0#.INDEX Reuters survey of world bourse outlook.........EQUITYPOLL1 Western European IPO diary..........................WEUIPO European Asset Allocation........................EUR/ASSET Reuters News at a Glance: Equities...............TOP/EQE Main currency report:...............................FRX/