Italy - Factors to watch on Nov. 11
11/11/2021 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 .
GENERAL
Italy reported 60 coronavirus-related deaths on Wednesday
against 68 the day before, the health ministry said, while the
daily tally of new infections rose to 7,891 from 6,032.
DEBT
Treasury sells 1.5-2.0 billion euro zero coupon BTP bonds
due Aug. 15, 2024 and 3.25-3.75 billion euro new 0.45% BTP bonds
due Feb. 15, 2029. Subscriptions close at 1000 GMT.
Treasury continues offer of fourth edition of 12-year 'BTP
Futura' bond; ends on Nov. 12, subject to early closure.
Orders for the bond reached 704 million euros ($814.11
million) at the end of the third day of offer, bourse data
showed on Wednesday, bringing the total for the first three days
to 2.67 billion euros. urn:newsml:reuters.com:*:nL1N2RW0ZB
COMPANIES
BANCA MEDIOLANUM BMED.MI , MEDIOBANCA MDBI.MI
Banca Mediolanum a year ago rebuffed a merger proposal by
Milanese investment bank Mediobanca, the chief executive of the
asset manager said on Wednesday, adding the company was
flattered by the proposition but had preferred to remain
independent. urn:newsml:reuters.com:*:nL8N2S17H3
NEXI NEXII.MI
Italian payment services group SIA, which is expected to
merge with Nexi by year-end, said on Wednesday it targeted a 10%
increase in revenues this year, with a 15% core profit increase.
TOD'S TOD.MI
Sales at the Italian fashion group rose almost 40% in the
first nine months of the year, beating market expectations,
after a 15% third-quarter increase driven by China and the
United States. urn:newsml:reuters.com:*:nL8N2S181P
LEONARDO LDOF.MI
The aerospace and defence group continues to monitor the
financial markets for a possible listing of its U.S. defence
electronic unit DRS, CEO Alessandro Profumo was quoted as saying
in Brussels on Wednesday. According to Leonardo's press office,
Profumo said that as soon as conditions were positive, the
subsidiary would go public.
Profumo also said that the Aerostructures business absorbs a
lot of cash and weighs on the group, which has a very positive
performance. The company is working to improve its structure
and, as the structure improves, the share price will also
improve, the CEO said.
ATLANTIA ATL.MI
The group's motorway unit, whose sale to a consortium led by
Italy's CDP is due to be finalised in the coming months, expects
2021 toll revenues to come in at 2.8 billion euros and traffic
to fall 10% compared with 2019 levels, Autostrade per l'Italia
said on Wednesday.
The unit said total revenues rose by 526 million euros
compared to 2020 to 2.8 billion euros in the first nine months.
In the same period toll revenue reached 2.54 billion euros.
TERNA TRN.MI
Italy's electricity grid operator is starting out on an
upward trend in investments to help it deal with the energy
transition, its chief financial officer said on Wednesday.
urn:newsml:reuters.com:*:nS8N2QC025
ACEA ACE.MI
The Rome-based utility expects to complete a deal to bring
on board a financial partner to help it develop its solar power
operations by early next year at latest, CEO Giuseppe Gola said
on Wednesday. urn:newsml:reuters.com:*:nS8N2QC02C
COFLE CFL.MI
Leading company in the design, production and worldwide
marketing of control systems and control cables for off-road
vehicle, automotive and automotive aftermarket sectors, debuts
on Euronext Growth Milan.
TELECOM ITALIA TLIT.MI (TIM)
Board meeting on strategy and organisation (afternoon).
ILLIMITY BANK ILTY.MI
Conference call on Q3 results (0800 GMT).
ASSICURAZIONI GENERALI GASI.MI
Releases Q3 results (0630 GMT), followed by analysts
conference call (1100 GMT).
IREN IREE.MI
Board meeting on Q3 results, followed by 'Investor Day' and
business plan @2030 presentation (1000 GMT) in Milan.
NEXI NEXII.MI
Board meeting on Q3 results, followed by conference call
(1300 GMT).
POSTE ITALIANE PST.MI
Conference call on Q3 results (1330 GMT).
PRYSMIAN PRY.MI
Board meeting on Q3 results, followed by conference call
(1500 GMT).
ENAV ENAV.MI
Board meeting on Q3 results, followed by conference call
(1500 GMT).
A2A A2.MI
Board meeting on Q3 results and conference call with the
press (1530 GMT).
DIASORIN DIAS.MI
Board meeting on Q3 results, followed by conference call
(1630 GMT).
GEOX GEO.MI
Board meeting on Q3 results, followed by conference call
(1635 GMT).
PIRELLI & C PIRC.MI
Board meeting on Q3 results, followed by conference call
(1730 GMT).
RAI WAY RWAY.MI
Board meeting on Q3 results, followed by conference call.
ATLANTIA ATL.MI
Board meeting on Q3 results.
AZIMUT HOLDING AZMT.MI
Board meeting on Q3 results.
ARNOLDO MONDADORI EDITORE MOED.MI
Board meeting on Q3 results.
CREDITO EMILIANO EMBI.MI
Board meeting on Q3 results.
FINCANTIERI FCT.MI
Board meeting on Q3 results.
WEBUILD WBD.MI
Board meeting on Q3 results.
UNIPOL GROUP UNPI.MI
Board meeting on Q3 results, press release on Nov. 12.
UNIPOLSAI US.MI
Board meeting on Q3 results, press release on Nov. 12.
DIARY
"Insurance Summit" online event (0900 GMT); expected
attendees include Bank of Italy Director General and Italian
insurers' supervisor IVASS President Luigi Federico Signorini,
insurers' association ANIA President Maria Bianca Farina, Unipol
UNPI.MI Group CEO and UnipolSai US.MI Chairman Carlo Cimbri,
Assicurazioni Generali GASI.MI Italian unit CEO Marco Sesana,
Cattolica Assicurazioni CASS.MI CEO Carlo Ferraresi, Allianz
ALVG.DE Italian unit CEO Giacomo Campora, AXA AXAF.PA
Italian unit CEO Giacomo Gigantiello, Lloyd's SOLYD.UL Italian
unit Country Manager Vittorio Scala.
Rome, builders' association ANCE President Gabriele Buia
speaks before Working Conditions Committee (1230 GMT).
Rome, Justice Minister Marta Cartabia delivers opening
address at seminar on "Child protection between budgets and
perspectives: proposals for improvement and comparison of
experiences" (1500 GMT).
Rome, think-tank Nomisma presents research "Art: the value
of the Industry in Italy" with Culture Minister Dario
Franceschini (0900 GMT).
Milan, "Sustainability Forum", expected attendees include
Maire Tecnimont MTCM.MI Chairman Fabrizio Di Amato, Enel
ENEI.MI Italian unit Chairman and CEO Carlo Tamburi, Terna
TRN.MI CFO Agostino Scornajenchi (0700 GMT).
Milan, Italian luxury goods companies association Altagamma
holds 20th edition to present two reports "Altagamma-Bain
Worldwide Luxury Market Monitor" and "Altagamma Consensus";
expected attendees include Brunello Cucinelli BCU.MI Chairman
Brunello Cucinelli, Tod's Group TOD.MI Chairman and CEO Diego
Della Valle, Salvatore Ferragamo SFER.MI Chairman Leonardo
Ferragamo, Lamborghini Car Chairman and CEO Stephan Winkelmann
(0900 GMT).
Milan, 5th edition "The economy of the future" ends (0900
GMT); expected attendees include OECD representative Stefano
Scarpetta, Banca Ifis IF.MI CEO Frederik Geertman, BlackRock
Italian unit Country Head Giovanni Sandri, FNM FNMI.MI Group
Chairman Andrea Gibelli; Ecological Transition Minister Roberto
Cingolani delivers closing addres.
Milan, Just Eat holds news conference to celebrate 10-year
anniversary in Italy with Country Manager Daniele Contini,
Burger King Restaurants Italia General Manager Alessandro
Lazzaroni, Poke House CEO Matteo Pichi (1100 GMT).
Milan, Debtwire holds "Italian Restructuring Forum" (0715
GMT).
Parma, municipalities association (ANCI) ends annual meeting
(0800 GMT); on Thursday expected attendees include Chamber of
Deputies Speaker Roberto Fico,Education Minister Patrizio
Bianchi, Equal Opportunities Minister Elena Bonetti, Public
Administration Minister Renato Brunetta, Labor Minister Andrea
Orlando, Novartis NOVN.S Italian unit CEO Pasquale Frega,
Health Minister Roberto Speranza, Prime Minister Mario Draghi.
((Milan newsroom, +39 02 6612 9507, fax +39 02 801149,
milan.newsroom@news.reuters.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/