Italy - Factors to watch on July 28
28/07/2023 05:00
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
U.S. President Joe Biden met Italian Prime Minister Giorgia
Meloni at the White House on Thursday, with the Ukraine war,
trade and Italy's relations with China featuring atop their
agenda.
Italy said on Thursday it planned to use EU money to fund an
investment programme worth around 19 billion euros ($21 billion)
to strengthen power and gas grids and make its economy greener.
The move is part of efforts by Prime Minister Giorgia Meloni
to present a revamped and revised post-COVID recovery plan to
European Union authorities next month.
ECONOMY
ISTAT releases June producer prices data (0800 GMT) and May
industry sales data (0900 GMT).
Italy plans a spending programme worth 19 billion euros
($20.90 billion) under Brussels' REPowerEU scheme, a document
released by the government showed on Thursday.
COMPANIES
PIRELLI PIRC.MI
The tyremaker nudged down its estimates for full year sales
on Thursday to reflect forecasts for a weaker market, despite
improving results in the second quarter which were supported by
strong pricing power.
PRYSMIAN PRY.MI
Italy's Prysmian PRY.MI , the world's largest cable maker,
on Thursday flagged that M&A deals might be possible after
raising its 2023 guidance for adjusted core profit and cash
flows on the back of solid half-year results.
ENI ENI.MI
The board of the Italian energy company approved the first
tranche of 2023 dividend of 0.24 euros per share.
Releases H1 results (before Bourse opening), followed by
conference call (1200 GMT).
MEDIOBANCA MDBI.MI
The Italian bank said on Thursday it would buy back its own
shares for around 200 million euros ($223 million) in the new
fiscal year, as its Chief Executive Alberto Nagel said he was
available for another three-year term.
NEXI NEXII.MI
Italian payment firms, banks and retailers' associations
have clinched a deal to reduce the cost of electronic
transactions worth up to 30 euros, parties said on Thursday.
While the accord does not alter significantly the current
situation, it allows the government to drop the threat of a
windfall tax on commissions from small electronic transactions
Rome had pledged to impose in the absence of a deal.
TERNA TRN.MI , SNAM SRG.MI
Italy earmarked 875 million euros for Terna and Snam
pipeline projects under the REPowerEU plan.
GEOX GEO.MI
Italian shoemaker on Thursday cut its 2023 sales guidance
after revenues grew only slowly in the first half of the year
due to unseasonal weather in May and inflation in key markets.
LUXURY
French luxury group Kering PRTP.PA , which is struggling to
revive sales at its star brand Gucci, said on Thursday it was
buying a 30% stake in Italian fashion label Valentino from
Qatari investment fund Mayhoola for 1.7 billion euros in cash.
WEBUILD WBD.MI
Conference call on H1 results (0700 GMT).
ERG ERG.MI
Board meeting on H1 results, followed by conference call
(1230 GMT).
INTESA SANPAOLO ISP.MI
Board meeting on H1 results, followed by conference call
(1300 GMT).
CNH INDUSTRIAL CNHI.MI
Board meeting on H1 results, followed by conference call
(1330 GMT).
RECORDATI RECI.MI
Board meeting on H1 results, followed by conference call
(1400 GMT).
A2A A2.MI
Board meeting on H1 results, followed by conference call
(1500 GMT).
LEONARDO LDOF.MI
Board meeting on H1 results, followed by conference call
(1630 GMT).
LOTTOMATICA LTMC.MI
Releases H1 results (before Bourse opening), followed by
conference call.
RIBA MUNDO TECNOLOGIA RMT.MI
Spain-based big data technology company, debuts on
Euronext Growth Milan.
COVER 50 COV.MI
Fine Mito Srl ends full mandatory takeover offer on Cover 50
ordinary shares.
KOLINPHARMA KIP.MI
Igea Holding SpA ends full voluntary takeover offer on
KOLINPHARMA KIP.MI ordinary shares.
SEBINO SEB.MI
Sebino Holding starts full voluntary takeover bid on Sebino
ordinary shares; ends on Sept. 1.
DIARY
Washington, Prime Minister Giorgia Meloni ends her visit.
((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/