Italy - Factors to watch on March 14

DiaSorin SpA

14/03/2025 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

Italy has installed Starlink antennas in four embassies around the world to test their functionality, but has not signed a national security contract with Elon Musk's company, a minister said on Thursday.

Foreign ministers of leading Western democracies sought to show a united front in Canada on Thursday after seven weeks of rising tensions between U.S. allies and President Donald Trump over his upending of foreign policy on Ukraine and imposing of tariffs.

ECONOMY

ISTAT releases January industrial output data (0900 GMT) and bulletin on the state of the economy in January and February (1000 GMT).

Bank of Italy releases January data on public finances, state borrowing and debt.

COMPANIES

(*)STMICROELECTRONICS STMMI.MI

The Italian government, which holds a 50% stake in the Franco-Italian chipmaker through CDP, is considering using its veto power to block board decisions, as Rome challenges the top management of the company, Il Sole 24 Ore reported on Friday.

GENERALI GASI.MI

An Allianz-led consortium is close to winning a bid for Germany's largest life insurance administrator Viridium, being sold by financial investor Cinven in a 3.5 billion euros ($3.80 billion) deal expected to be finalised next week, two industry sources said on Thursday. Members of the consortium include  Generali, which also holds a 10% stake in Viridium.

BANCO BPM BAMI.MI, ANIMA ANIM.MI

Banco BPM said on Thursday that Italian market regulator Consob had approved its buyout offer document for fund manager Anima, with the offer period running from March 17 to April 4.

Anima said on Thursday its board had deemed as adequate the price of 7 euros a share proposed by its leading investor Banco BPM to buy out other shareholders in Italy's biggest independent fund manager.

(*) UNICREDIT CRDI.MI

The European Central Bank has given UniCredit approval to buy up to 29.9% of Commerzbank CBKG.DE, the Italian bank said on Friday, potentially paving the way for CEO Andrea Orcel to pursue a takeover of Germany's second-biggest listed bank.

UNICREDIT CRDI.MI, BANCO BPM BAMI.MI

Italy's second-largest bank on Thursday said it had received European Central Bank authorisation to issue new shares, subject to shareholder approval, to finance its takeover bid for smaller rival Banco BPM.

WINES/SPIRITS, CAMPARI CPRI.MI

U.S. President Donald Trump on Thursday threatened to slap a 200% tariff on wine, cognac and other alcohol imports from Europe, opening a new front in a global trade war that has roiled financial markets and raised recession fears. On the back of the news, shares in Campari closed down 4.3% on Thursday.

ENEL ENEI.MI

Italy's biggest utility Enel said on Thursday its full-year ordinary core profit rose 4% versus 2023, driven by strong renewable power generation which more than compensated for a normalisation in the group's domestic retail business.

     (*) ENI ENI.MI

     Italy's antitrust regulator said on Friday it had opened a probe Eni's Plenitude unit for alleged unfair commercial practices.

TELECOM ITALIA TLIT.MI

Italian prosecutors said on Thursday they had wrapped up their initial investigation of 12 people from Telecom Italia (TIM) and two content providers over alleged fraud through the unauthorised activation of services to customers.

WEBUILD WBD.MI

Italy's largest construction company Webuild raised its financial targets for 2025 on Thursday after reporting 2024 revenue and core profit above guidance, which lifted its shares 7% to their highest since January 2018.

CUCINELLI BCU.MI

The Italian luxury group on Thursday said its operating profit had risen 12.9% last year and confirmed its expectations of sales growth of around 10% in 2025 and 2026.

FASHION

Donatella Versace is to step down as the main designer for the Versace brand after almost three decades, a move that has fanned talk of a sale of the business to rival Italian fashion house Prada 1913.F.

DIASORIN DIAS.MI

Releases FY results, followed by conference call (1630 GMT).

DIARY

Foreign Minister Antonio Tajani attends G7 Foreign ministers' meeting in Charlevoix-Quebec, Canada.

Industry Minister Adolfo Urso attends via video conference 3rd edition "Feuromed-Economy EuroMediterranean Festival".

Rome, EU Commission Vice President Raffaele Fitto attends a book presentation (1600 GMT).

Rome, Industry Minister Adolfo Urso chairs meeting on the automotive sector, with representatives from the industry and trade unions (1300 GMT).

Rome, Terna TRN.MI holds news conference to present "2025 National Transmission Grid Development Plan" with Chairman Igor Di Biasio, CEO Giuseppina Di Foggia, energy authority ARERA Chairman Stefano Besseghini, Environment and Energy Security Minister Gilberto Pichetto Fratin (0930 GMT).

Milan, study day on the occasion of the 50th anniversary of the founding of market regulator CONSOB "Fifty years of Consob: between the present and the future" expected attendees include Cabinet Undersecretary Federico Freni (0830 GMT), ECB board member Piero Cipollone (1315 GMT); Assicurazioni Generali GASI.MI Chairman Andrea Sironi and CONSOB Chairman Paolo Savona deliver closing addresses (1500 GMT).

Turin, Prime Minister Giorgia Meloni visits Italian aerospace company Argotec's SpacePark (1130 GMT) and "Special Olympics Turin 2025 Winter World Games" (1400 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/