Italy - Factors to watch on November 12

Hera SpA

12/11/2025 05:00

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 (*).

For a complete list of diary events in Italy please click on IT/DIA.

POLITICS

Italy faces two competing nationwide strikes over the next few weeks as rivalry between trade unions resumes, ending a rare alliance that last month powered one of the country's largest worker protests in years.

Greece, Cyprus, Spain and Italy will be eligible for help dealing with migratory pressures under a new EU mechanism when the bloc's pact on migration and asylum enters into force in mid-2026, the European Commission said on Tuesday.

ECONOMY

ISTAT releases September industrial output data (0900 GMT); bulletin on the state of the economy in September and October (1000 GMT).

DEBT

Treasury sells 8.5 billion euros 12-month BOT bills. Subscriptions close at 1000 GMT.

(*) M&A - GOLDEN GOOSE

Private equity firm Permira is in talks with China's HongShan Capital Group (HSG) for the sale of the luxury sneaker maker, in a potential deal that would give the group a total value of above 2.5 billion euros, several Italian newspapers reported on Wednesday. Golden Goose is being advised by JP Morgan.

COMPANIES

(*) LEONARDO LDOF.MI, AVIO AVI.MI

The state-controlled defence group said on Tuesday it had  subscribed to rocket-maker Avio's capital increase, fully exercising its rights related to its 19.3% stake.

(*) AVIO

The rocket maker has reached a deal with logistics company MVN to outsource its logistics activities and the management of its warehouses for just over 120,000 euros ($139,944.00), daily Il Messaggero reported on Wednesday, citing the deal's contract. The move needs to be approved by the government, under its so-called golden powers.

A2A A2.MI

(*) The power company posted on Wednesday a 4% year-on-year decline in its nine-month core profit to 1.73 billion euros, due to lower hydroelectric production.

The group will present its strategic plan update in Milan on Wednesday, with CEO Renato Mazzoncini at 1045 GMT.

(*) MAIRE MTCM.MI

Nextchem, the energy transition unit of the Italian engineering group, aims to go public, its managing director said, adding the listing would happen when Maire considers the market valuation is sufficiently high.

(*) FERRARI RACE.MI

JP Morgan on Wednesday initiated coverage of the luxury carmaker with an 'overweight' rating and a target price of 394 euros.

AEFFE AEF.MI

The fashion group on Tuesday posted a 25% decline in revenues in the first nine months of the year and a loss at the Ebitda adjusted level of 7.6 million euros.

The publication of the full results has been postponed due to a crisis-resolution procedure filed by Aeffe and its subsidiary Pollini. The preparation of the recovery plan requested by the procedure is still underway, the company said.

RECORDATI RECI.MI

(*) The drug maker said late on Tuesday that its core profit for 2025 would come in at the lower end of its expectations, citing challenging economic conditions and negative currency effects.

Conference call on Q3 results at 1300 GMT.

FINCANTIERI FCT.MI

Releases Q3 results, followed by conference call (1130 GMT).

HERA HRA.MI

Releases Q3 results, followed by conference call.

DIARY

Foreign Minister Antonio Tajani attends G7 Foreign ministers meeting in Canada.

Economy Minister Giancarlo Giorgetti attends Eurogroup meeting in Brussels.

Rome, Industry Minister Adolfo Urso addresses Chamber of Deputies Labour and Productive Activities committees on the acquisition of IVECO SpA IVG.MI by Tata Motors TMLC.NS (1300 GNT).

Rome, Infrastructure and Transport Minister Matteo Salvini addresses Chamber of Deputies Environment Committee on reform initiatives in the field of construction and housing policies (1345 GMT).

Milan, Bloomberg event "Future of Finance: Italy Economic Outlook" focused on Italy’s economic and business prospects (1200 GMT); expected attendees include UniCredit CRDI.MI CEO Andrea Orcel, Milan Stock Exchange Chairwoman Claudia Parzani, Treasury Director General Riccardo Barbieri Hermitte, Pirelli PIRC.MI Executive Vice Chairman Marco Tronchetti Provera.

((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/

($1 = 0.8575 euros)