Italy - Factors to watch on July 29
Italy - Factors to watch on July 29 The following factors could affect Italian markets on Wednesday
Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).
POLITICS
Italy's League party, a member of the ruling coalition, said on Tuesday that any decision on whether to tap a European Union scheme to fund military spending would be up to parliament, after the foreign minister said Rome was ready to access the programme.
ECONOMY
Istat releases May industrial sales and orders.
DEBT
Treasury offers BOT bills maturing January 29, 2027.
COMPANIES
RECORDATI RECI.MI
Italian drug maker Recordati on Tuesday posted an 8.8% rise in its first-half core profit (EBITDA) to €540.2 million ($615.6 million) boosted by its rare diseases segment. The company is due to hold a conference call on H1 results at 1200 GMT.
INTESA SANPAOLO ISP.MI
Presents H1 results, with conference call at 1300 GMT.
(*) NEXI NEXII.MI
The payments group on Wednesday reported a 1.9% fall in its second-quarter core profit, slightly better than market expectations, and confirmed its guidance for 2026.
(*) MONTE DEI PASCHI (MPS) BMPS.MI
CEO Luigi Lovaglio requested authorisation from the ECB two weeks ago for the Tuscan bank's merger with merchant bank Mediobanca, daily la Repubblica reported on Wednesday.
Separately, financial daily Il Sole reported on Wednesday that four board members have written to Chairman Cesare Bisoni to complain about aspects of the bank's governance, including Lovaglio's attempts to find alternatives to the takeover bid on the bank by Intesa Sanpaolo ISP.MI.
(*) ENI ENI.MI
The energy group on Wednesday lifted its share buyback programme to €3.4 billion ($3.9 billion) from €2.8 billion after reporting better than expected second-quarter results.
The state-controlled company said its adjusted net profit more than doubled in the second quarter to €2.3 billion.
Conference call at 1200 GMT.
(*) AZIMUT AZMT.MI
The asset manager said on Wednesday it had acquired Turkey's Yapı Kredi Portföy in a €305 mln deal excluding cash and earn-out.
SNAM SRG.MI
Presents H1 results, with conference call at 1330 GMT.
FINCANTIERI FCT.MI
Presents H1 results, with conference call at 1300 GMT.
LEONARDO LDOF.MI
The Italian defence group said on Tuesday its US subsidiary Leonardo DRS has signed a definitive agreement to buy software and AI company Raft for $450 million, with a closing expected in the fourth quarter of 2026.
TERNA TRN.MI
Presents H1 results.
PIRELLI PIRC.MI
Presents H1 results, with conference call at 1630 GMT.
BREMBO BRBI.MI
Presents H1 results, with conference call at 1230 GMT.
TELECOM ITALIA TLIT.MI
Presents H1 results, after market close.
INWIT INWT.MI
The Italian telecoms tower company on Tuesday confirmed its 2026 and medium-term outlook as it posted 0.8% year-on-year fall in revenues of €267 million for the second quarter, which it blamed on a challenging market environment and the ongoing uncertainty about tower lease agreement contracts that have been terminated by Telecom Italia and Fastweb.
DAVIDE CAMPARI CPRI.MI
Presents H1 results, with conference call at 1615 GMT.
HERA HRA.MI
Board meeting on H1 results.
DIARY
Rome, meeting of the Global Alliance for a Two-State Solution hosted by Italian Foreign Minister Antonio Tajani, with Saudi Foreign Minister Faisal Bin Farhan and other regional representatives.
Rome, question time session at the Chamber of Deputies with Justice Minister Carlo Nordio, Energy and Environment Minister Gilberto Pichetto Fratin, Regional Affairs Roberto Calderoli, Health Minister Orazio Schillaci (from 1300 GMT).
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
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/