Italy - Factors to watch on Nov. 14

Erg SA

14/11/2024 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 .
    
    POLITICS
    President Sergio Mattarella told Elon Musk on Wednesday not
to interfere in Italian affairs after the U.S. billionaire said
Rome judges blocking a government anti-immigration initiative
should be sent packing.
    
    COMPANIES
    MONTE DEI PASCHI  BMPS.MI , BANCO BPM  BAMI.MI , ANIMA
HOLDING  ANIM.MI  
    Italy on Wednesday raised 1.1 billion euros ($1.16 billion)
by selling 15% of bailed-out bank Monte dei Paschi di Siena,
bringing on board rival Banco BPM as a shareholder with a 5%
stake.
    Fund manager Anima Holding, for which Banco BPM last week
launched a buyout offer, bought a 3% stake. Businessman
Francesco Gaetano Caltagirone, a shareholder in both Banco BPM
and Anima, also invested in MPS with a 3.5% stake, a source
familiar with the matter said.
    With the sale, Italy's Treasury will reduce state ownership
of MPS to 11.7% from 26.7%.
    
    TELECOM ITALIA  TLIT.MI 
    Italy's biggest telecoms group aid on Wednesday it remained
on track to meet its earnings and debt targets following the
sale of its fixed-line access network as it reported a 7.6% rise
in core profit in the third quarter.
    It holds conference call on Q3 results (1000 GMT).
    
    PIRELLI  PIRC.MI 
    Through his holding company Camfin, Marco Tronchetti Provera
has raised his stake in the Italian tyremaker to just over 26%
after three recent purchases totalling 4 million shares, or 0.4%
of the capital, a bourse filing showed on Wednesday.
    
    CREDEM  EMBI.MI 
    The Italian bank and France's Worldline  WLN.PA  announced
on Wednesday a long-term partnership in collecting payments for
retailers in Italy.
    
    LEONARDO  LDOF.MI  
    Turboprop maker ATR, co-owned by Leonardo and Airbus
 AIR.PA , said on Wednesday it was stopping development of its
short take-off and landing variant, the ATR 42-600S, following
an extensive market review and lingering supply chain tensions. 

    MAIRE  MTCM.MI  
    The engineering company said on Wednesday that Yousef Al
Nowais had bought a 5% stake in its subsidiary Nextchem, valuing
it at 1.25 billion euros ($1.33 billion), in a move aimed at
bolstering its presence in the Middle East.
    
    ERG  ERG.MI 
    Board meeting on Q3 results, followed by conference call
(1330 GMT).
    
    INTERPUMP GROUP  ITPG.MI 
    Board meeting on Q3 results.
    
    FINCANTIERI  FCT.MI 
    Board meeting on Q3 results.
    
    DIARY
    Rome, Industry Minister Adolfo Urso chairs meeting on
Stellantis  STLAM.MI  with representatives from the company,
regional politicians, trade unions and automotive industry lobby
ANFIA (1100 GMT).
    Rome, Assicurazioni Generali  GASI.MI  Italian CEO
Gianfranco Fancel and other representatives address Chamber of
Deputies on the survey on financial investments and the
composition of the assets of social security institutions and
pension funds also in relation to the development of the
financial market and the contribution made to the growth of the
real economy (0730 GMT).
    Rome, Bank of Italy, European Central Bank and World Bank
hold 3rd edition of joint conference "Trade, value chains and
financial linkages in the global economy" (to Nov. 15).
    
    ((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/