Italy - Factors to watch on Feb. 28

DiaSorin SpA

28/02/2025 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

Italian Prime Minister Giorgia Meloni met Joel Kaplan, the chief global affairs officer of U.S. tech giant Meta META.O, to discuss possible new investments in Italy, Meloni's office said on Thursday.

ECONOMY

Italy urged that there be no backtracking on a major international taxation agreement at the G20 talks in South Africa, Economy Minister Giancarlo Giorgetti said on Thursday, adding that unilateral approaches would discourage investment.

ISTAT releases January non-EU foreign trade data (0900 GMT) and February CPI flash data (1000 GMT).

COMPANIES

(*) STELLANTIS STLAM.MI

Former CEO Carlos Tavares saw his total pay fall 37% last year to 23 million euros before he unexpectedly resigned in December. Tavares will receive an additional 2 million euros in severance and 10 million euros in bonus pay this year for meeting a series of company milestones, the automaker said in a regulatory filing Thursday.

MONTE DEI PASCHI (MPS) BMPS.MI

Italian tycoon Francesco Gaetano Caltagirone increased its stake in Banca Monte dei Paschi to 8%, Italian daily La Stampa reported on Thursday on its website. Caltagirone and MPS declined to comment.

BANCO BPM BAMI.MI

Italian market watchdog Consob said in a Thursday filing that Deutsche Bank DBKGn.DE held a 5.181% stake in Banco BPM as of February 19.

(*) Credit Agricole CAGR.PA is the client behind the 5.181% equity stake in Banco BPM built by Deutsche Bank, a source with knowledge of a regulatory filing told Reuters.

Ordinary shareholders' meeting on Anima Holding ANIM.MI takeover bid increase (0900 GMT).

(*) GENERALI GASI.MI

The insurer could finalise its asset management tie-up with France's Natixis "well before the summer", daily Il Sole 24 Ore wrote on Friday.

Separately, newspaper Il Messaggero, owned by Generali investor Caltagirone, criticised in a Friday editorial the possible decision to bring forward the date of the shareholders' meeting to April 24, noting it could also imply the postponement of the record date to April 9. It also recalled that shareholder Delfin, which has in the past backed Caltagirone's positions, is waiting for several countries' authorisation to raise its stake up to 20%.

La Repubblica wrote on Friday that Caltagirone intends to raise his stake in Generali beyond the current 6.9% and has reduced the cost of his current investment through the use of put&call derivative contracts with Banca Finnat, which would allow him to cut his stake after the shareholders' meeting.

(*) NEXI NEXII.MI

The payments company on Friday posted full-year core profit and revenues in line with a company-provided consensus, and proposed a dividend of 0.25 euros per share worth around 300 million euros and a buyback programme also worth some 300 million euros.

ANIMA HOLDING ANIM.MI

Italian market watchdog Consob said in a Thursday filing that Goldman Sachs had cut its stake in Anima Holding to 2.339% as of February 19, from the previous 4.73%.

ENI ENI.MI

The Italian energy group reported a 46% slide in fourth-quarter adjusted net profit on Thursday, hit by lower energy prices and weakness at its refining, biofuel and chemicals divisions. The state-controlled group said it would add the two new businesses to its renewable and retail unit, Plenitude, and its biofuel division Enilive.

DOVALUE DOVA.MI

Italy's biggest bad loan manager returned to profit in 2024 helped by lower depreciation and amortization on intangibles, it said on Thursday.

JUVENTUS JUVE.MI

The Italian soccer club on Thursday swung to a 17 million euro ($18 million) profit in the first half of its fiscal year, as its return to Europe's lucrative elite club competition Champions League boosted revenues.

BF GROUP BFG.MI

Algeria approved on Thursday a concession contract for a $420-million project by BF to produce grains, as part of the North African country's plan to boost national production.

NEXI NEXII.MI

Releases FY results, followed by conference call (0700 GMT).

DIASORIN DIAS.MI

Extraordinary shareholders' meeting (1000 GMT).

DIARY

Assogestioni releases January fund flows data (1000 GMT).

Rome, Cabinet meeting chaired by Prime Minister Giorgia Meloni (1030 GMT).

Rome, "Zero Corruption Forum 2025" (0800 GMT); expected attendees include Foreign Minister Antonio Tajani, anti-corruption authority (ANAC) President Giuseppe Busia, Poste Italiane PST.MI Chairwoman Silvia Maria Rovere, Justice Minister Carlo Nordio; Deputy Foreign Minister Edmondo Cirielli delivers closing address.

Manciano, 5th edition of the "Forum in Masseria" starts (1400 GMT); ends on March 1. On Friday expected attendees include Labour Minister Marina Calderone, Cabinet Undersecretary Giovanbattista Fazzolari, Infrastructure and Transport Minister Matteo Salvini, Iliad CEO Benedetto Levi.

((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/