Italy - Factors to watch on March 26

Hera SpA

26/03/2024 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 .
    
    POLITICS
    The number of people living in poverty in Italy rose in 2023
to its highest level in about a decade, data showed on Monday,
despite an economic rebound since COVID-linked restrictions were
eased.
    
    DEBT
    Treasury sells 7.0 billion euros 6-month BOT bills due Sept.
30, 2024 and 1.5 billion euros 12-month BOT bills due June 14,
2024. Subscriptions close at 1000 GMT.
    
    The Treasury said on Monday it would offer new 3- and 7-year
BTP bonds in the second quarter of 2024.
    
    COMPANIES
    
    BANKS
    INTESA SANPAOLO  BMPS.MI 
    The Italian lender's CEO Carlo Messina received a total
compensation of 5.75 million euros for 2023, the bank said on
Monday, adding that the figure included 1.65 million euros paid
in shares.
    
    ENI  ENI.MI  
    French bank Credit Agricole  CAGR.PA  said on Monday that it
would not provide financing to Exxon Mobil  XOM.N  and Eni's
Rovuma liquefied natural gas (LNG) project in Mozambique, citing
commitments to refrain from new fossil fuel developments.
    
    BANCA GENERALI  BGN.MI 
    The Italian bank's main shareholder Generali  GASI.MI  on
Monday presented its slate of candidates for Banca Generali's
board which is up for renewal at an April 18 shareholders'
meeting. 
    Generali proposed new terms for current CEO Gian Maria Mossa
and chairman Antonio Cangeri.
     
    HERA  HRA.MI 
    Board meeting on FY results, followed by conference call
(1430 GMT).
    
    RAI WAY  RWAY.MI 
    The Italian broadcasting towers company said in its new
2024-2027 industrial plan, unveiled on Monday, that it aims to
increase adjusted EBITDA to 207 million euros by 2027, from
180.3 million euros last year. 
    Conference call on FY results and 2024-2027 industrial plan
(1300 GMT); followed by media briefing with CEO Roberto Cecatto
(1530 GMT).
    
    M&A, ITA AIRWAYS
    EU antitrust regulators warned on Monday that Lufthansa's
 LHAG.DE  intention to buy a minority stake in ITA Airways could
harm competition and push up prices, prompting Italy and the
German airline to come up with remedies in the coming weeks.
    
    DIARY
    Rome, Cabinet meeting (1630 GMT).
    Industry Minister Adolfo Urso speaks live on RTL 102.5
radio(0645 GMT).
    Rome, Auditel presents 2024 annual report "70 years of TV,
40 years of Auditel: the role of JICs in the new media scenario"
with President Andrea Imperiali, Industry Minister Adolfo Urso,
Cabinet Undersecretary with responsibility for information and
publishing Alberto Barachini, communication Authority AGCOM
President Giacomo Lasorella (0900 GMT).
    Rome, Industry Ministry convenes meeting with
representatives from Telecom Italia (TIM)  TLIT.MI  and
outsourcing call centres; meeting chaired by Industry Minister
Adolfo Urso and Labour Minister Marina Elvira Calderone (1530
GMT).
    Milan, Amplifon  AMPF.MI  CEO Enrico Vita (1400 GMT) and A2A
 A2.MI  CEO Renato Mazzoncini (1930 GMT) attend event
"Pact4Future. The future is taking shape".
    Rome, Foreign Ministry holds event "107th cycling tour 'Giro
d'Italia'. Italy that runs" (0900 GMT); Foreign Minister Antonio
Tajani delivers opening address, expected attendees include RCS
MediaGroup  RCSM.MI  Chairman Urbano Cairo, Italian Trade Agency
(ICE) President Matteo Zoppas.
    
    
    ((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/