Italy - Factors to watch on February 12

Brunello Cucinelli SpA

12/02/2026 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.

POLITICS

Italy's cabinet approved a bill on Wednesday authorising naval blockades to halt migrant boats during periods of "exceptional pressure" at the country's borders, further tightening measures against irregular arrivals.

DEBT

Treasury sells 3.0-3.5 billion euros 2.40% BTP bonds due March 15, 2029; 1.0-1.5 billion euros 3.15% BTP bonds due March 15, 2033; 1.0-1.25 billion euros 3.25% BTP bonds due July 15, 2032. Subscriptions close at 1000 GMT.

COMPANIES

STELLANTIS STLAM.MI

The Franco-Italian automaker issued a "Do Not Drive" warning on Wednesday for about 225,000 older vehicles in the United States fitted with unrepaired defective Takata air bag inflators.

An Italian judge on Wednesday rejected a request from John Elkann, scion of the Agnelli family and chairman of Stellantis and Ferrari RACE.MI, to settle a tax fraud case by doing a period of community service.

(*) Alphavalue cut the automaker rating to 'reduce' from 'buy'.

(*) FERRARI RACE.MI

Citigroup raised the luxury carmaker rating to 'neutral' from 'sell' and the target price to 320 euros from 300 euros.

IVECO IVG.MI

(*) The Italian truck-maker posted a 28% drop in its full-year adjusted operating profit on Thursday, hit by weaker European truck demand and delays at a French bus plant.

Iveco said on Wednesday it would hold on March 25 an extraordinary general meeting to approve a planned sale of its defence business to Italy's Leonardo LDOF.MI.

(*) MPS BMPS.MI, UNICREDIT CRDI.MI>

Delfin Chairman Francesco Milleri told daily Il Sole 24 Ore he was happy with MPS CEO Luigi Lovaglio’s results. Milleri, who heads the Del Vecchio family investment vehicle which is the main shareholder of MPS, reiterated that Delfin was a long‑term financial investor and again dismissed reports it might sell its stake to UniCredit.

(*) WEBUILD WBD.MI

Italian Economy Minister Giancarlo Giorgetti has hosted a meeting with Webuild CEO Pietro Salini and the CEO of state railways Ferrovie dello Stato (Fs), Stefano Donnarumma, to discuss the problem of Fs' mounting debts, which could affect payments to Webuild for rail projects, la Repubblica daily reported on Thursday. Postponing some projects, including the bridge between Sicily and the mainland, is among the options being considered, the paper said.

BRUNELLO CUCINELLI BCU.MI

The Italian luxury group said on Wednesday it had brought forward the board meeting to approve its 2025 results to February 18 from the previously scheduled March 12. The company also moved to April 9 from April 14 the board meeting called to approve its first‑quarter revenues.

SALVATORE FERRAGAMO SFER.MI

The Italian luxury group on Wednesday denied media reports suggesting its creative director Maximilian Davis may be replaced.

(*) Morgan Stanley resumed its coverage of the Florentine brand with a 'underweight' rating and a 5.5 euro target price.

NEXI NEXII.MI

Barclays held a 5.1% stake in the Italian payments company as of February 4, of which 0.9% with voting rights, Italy's market watchdog CONSOB said a filing on Wednesday.

(*) RECORDATI RECI.MI

Barclays raised the pharma group rating to 'equal-weight' from 'underweight'

(*) BFF BANKING GROUP BFF.MI

Jefferies cut the bank's rating to 'hold' from 'buy' and the target price to 4.45 euros from 12 euros.

FINCANTIERI FCT.MI

'Capital Markets Day' and presentation of 2026-2030 industrial plan with CEO Pierroberto Folgiero (1000 GMT) in Milan.

LUXURY, ARMANI

Delfin chairman Francesco Milleri, asked whether Giorgio Armani could be an M&A target for the holding, told Il Sole 24 Ore that Delfin founder Leonardo Del Vecchio always had a strong emotional attachment to the fashion house and he wanted to preserve that bond. If Delfin’s support is needed during the current transition phase at Armani, the holding would be ready to step in, he said.

DIARY

Prime Minister Giorgia Meloni attends informal EU summit in Alden Biesen, Belgium.

Rome, ECB Executive Board member Piero Cipollone holds "Europe and Monetary Sovereignty" conference at the Accademia Nazionale dei Lincei (0900 GMT).

Milan, joint stock companies association Assonime and OECD hold conference "The new frontiers for corporate governance" (0800 GMT); expected attendees include Milan bourse CEO Fabrizio Testa, Assonime President Massimo Tononi, Foreign Minister Antonio Tajani, Italgas IG.MI Chairman Paolo Ciocca, Leonardo LDOF.MI Chairman Stefano Pontecorvo, Enel ENEI.MI Chairman Paolo Scaroni, Poste Italiane PST.MI CEO Matteo Del Fante, state lender Cassa Depositi e Prestiti (CDP) President Giovanni Gorno Tempini, Economy Undersecretary Federico Freni, Telecom Italia (TIM) TLIT.MI Chairwoman Alberta Figari, Intesa Sanpaolo ISP.MI Chairman Gian Maria Gros-Pietro, Assicurazioni Generali GASI.MI Chairman Andrea Sironi, Equita EQUI.MI CEO Andrea Vismara.

((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/