Italy - Factors to watch on Nov. 14
14/11/2023 05:00
The following factors could affect Italian markets on Tuesday.
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 .
ECONOMY
Itay can still achieve economic growth of 0.7% this year
despite an expected weak fourth quarter, the country's central
bank said on Monday. It added the Italian government's
privatisation plan is ambitious and difficult to implement.
COMPANIES
TELECOM ITALIA (TIM) TLIT.MI
Italy's market watchdog is asking London-based investment
firm Merlyn Advisor and its partner RN Capital to clarify their
press statements about their direct and indirect interest in
Telecom Italia (TIM) TLIT.MI , two sources with knowledge of
the matter told Reuters.
French media giant Vivendi is expected to file a complaint
with a Milan court over the board's decision to sell the group's
landline grid to KKR KKR.N late this week or possibly next
week, two sources familiar with the matter said.
FERRARI RACE.MI
The luxury sportscar maker said on Monday it would hire 250
people in the first six months of next year and announced
programmes for workers including a new share ownership plan and
an enhanced bonus scheme.
LOTTOMATICA LTMC.MI
Parvus Asset Management Europe held a 5.12% stake in the
Italian gaming group through equity swap contracts as of Nov. 2,
a Consob filing showed on Monday.
ERG ERG.MI
Releases Q3 results, followed by conference call (1000 GMT).
A2A A2.MI
Board meeting on Q3 results, followed by conference call
(1515 GMT).
ENAV ENAV.MI
Board meeting on Q3 results, followed by conference call
(1500 GMT).
FINCANTIERI FCT.MI
Board meeting on Q3 results.
RAI WAY RWAY.MI
Board meeting on Q3 results, followed by conference call.
GROWENS GROWE.MI
Starts voluntary partial takeover offer on own shares;
ends on Dec 6, unless extended.
DIARY
Rome, Prime Minister Giorgia Meloni receives Slovenian
counterpart Robert Golob.
Rome, Chamber of Deputies Speaker Lorenzo Fontana and Senate
Speaker Ignazio La Russa deliver welcome addresses at a book
presentation "Parliament: rules and dynamics - An introduction
to parliamentary law" by communication Authority AGCOM President
Giacomo Lasorella (1500 GMT).
Rome, Parliamentary Budget Office (UPB) President Lilia
Cavallari (0830 GMT) and Economy Minister Giancarlo Giorgetti
(1000 GMT) speak before Senate and Chamber of Deputies Budget
committees on 2024 budget review and 2024-2026 budget.
Rome, Environment Minister Gilberto Pichetto Fratin speaks
before Inquiry into illegal activities related to the waste
cycle and environmental offences Committee (0730 GMT).
Rome, Health Minister Orazio Schillaci delivers closing
address at event "World Diabetes Day, a new beginning; goals to
be achieved" (0930 GMT).
Rome, Foreign Minister Antonio Tajani speaks before Senate
and Chamber of Deputies Foreign committees on Israel-Hamas
conflict and major issues on the European and international
agenda (1145 GMT).
Rome, event "Italy-U.S.: International Cooperation on
Emerging Biotechnologies and Life Sciences" (0830 GMT); Foreign
Minister Antonio Tajani delivers opening address, expected
attendees include University and Research Minister Anna Maria
Bernini, Industry Minister Adolfo Urso, Health Minister Orazio
Schillaci.
Industry Minister Adolfo Urso's agenda on Tuesday:
* attends Confetra 2023 meeting (1100 GMT);
* attends Alis 2023 meeting (1200 GMT);
* attends Auditel-Censis 6th report presentation "Connected
society television" (1400 GMT);
* attends Edison's EDNn.MI 140th anniversary ceremony
(1730 GMT).
Rome, farmers lobby Coldiretti holds news conference to
present memorandum of understanding with Italgas IG.MI (0930
GMT); expected attendees include Italgas CEO Paolo Gallo,
Coldiretti President Ettore Prandini, Environment and Energy
Secutiry Deputy Minister Vannia Gava.
Rome, Industry Ministry holds meeting with trade unions over
the F.O.S site in Battipaglia, a Prysmian Group company dealing
with fibre optics (1400 GMT).
Rome, UNESCO Convention "Living Heritage, Civil Society and
Sustainable Development" ends (1400 GMT); on Tuesday expected
attendees include Senate Deputy Speaker Gianmarco Centinaio.
Rome, telecoms association (ASSTEL) holds annual forum
"Connected for Italy - People, infrastructures and services for
the Country's future" (0800 GMT); business lobby Confindustria
Chairman Carlo Bonomi delivers welcome address; ASSTEL Chairman
Massimo Sarmi presents annual report on sector; expected
attendees include Industry Minister Adolfo Urso, Labour Minister
Marina Elvira Calderone, Labour Undersecretary Claudio Durigon,
BT BT.L Italian CEO Andrea Bono, Huawei Italian Chairman Luigi
De Vecchis, Sky Italy unit CEO Andrea Duilio, Body of European
Regulatos for Electronic Communications (BEREC) President
Konsantinos Masselos, Vodafone VOD.L Italian CEO Aldo Bisio,
Wind Tre CEO Gianluca Corti, Open Fiber CEO Giuseppe Gola,
Telecom Italia (TIM) TLIT.MI CEO Pietro Labriola, iliad
Italian CEO Benedetto Levi, Ericsson Telecomunicazioni Italian
CEO Andrea Missori, Fastweb CEO Walter Renna, Cabinet
Undersecretary responsible for technological innovation Alessio
Butti.
Rome, public enterprises and citizens association (ANFoV)
holds event "Climate Communities. New models for a sustainable
and integrated system of water and energy use" (1400 GMT); ANFoV
president Umberto De Julio and Utilitalia Director General
Giordano Colarullo; expected attendees include municipalities
association ANCI President Antonio Decaro, Energy and
Sustainable Economic Development (ENEA) Managing Director
Giorgio Graditi and state-run power management agency Gestore
Servizi Energetici (GSE) President; Environment and Energy
Security Minister Gilberto Pichetto Fratin delivers closing
address (1730 GMT).
Rome, ISTAT presents 2nd edition "Italian companies in the
new global scenarios, first results of the 2023 census" with
President Francesco Maria Chelli (0900 GMT).
Rome, Equita EQUI.MI celebrates 50th anniversary; CEO
Equita Andrea Vismara delivers welcome address (1730 GMT),
expected attendees include Economy Deputy Minister Maurizio Leo
(1745 GMT), Open Fiber CEO Giuseppe Gola, Telecom Italia (TIM)
TLIT.MI CEO Pietro Labriola, Poste Italiane PST.MI
Chairwoman Silvia Rovere (1800 GMT).
Rome, Telecom Italia (TIM) TLIT.MI convenes sector trade
unions SLC CGIL, FISTEL CISL and UILCOM UIL on network sale to
KKR KKR.N .
Rome, 8th edition "Digital Italy Summit 2023: Building the
digital nation" (1500 GMT); ends on Nov. 16. On Tuesday expected
attendees include Acciaierie d'Italia Chairman Franco Bernabe.
Milan, Italian luxury goods companies association Altagamma
presents 2023 report on world luxury market (0900 GMT);
Altagamma President Matteo Lunelli delivers welcome and closing
addresses; Director General Stefania Lazzaroni presents '2024
Altagamma Consensus"; expected attendees include OTB Group
founder and Chairman Renzo Rosso, LVMH LVMH.PA Director Metier
d'Excellence Alexandre Boquel, Zegna ZGN.N Consumer and Retail
Excellence Director Angelo Zegna.
Ravenna, Snam SRG.MI CEO Stefano Venier holds news
conference on connection of FSRU BW Singapore to the national
gas transportation network (1030 GMT).
Venice, ECB board member Andrea Enria gives speech at
conference "MiCAR and its coordination with existing EU
financial markets legislation" (0845 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/