Italy - Factors to watch on March 19
19/03/2025 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 Italian Prime Minister Giorgia Meloni cautioned European partners on Tuesday against escalating a trade dispute with the United States through retaliatory tariffs, and urged Western allies to continue their longstanding cooperation. ECONOMY Meloni also said on Tuesday she saw no need for a corrective mini budget this year to consolidate public finances. COMPANIES (*) ENI ENI.MI The Italian energy group has agreed to sell stakes in assets in Ivory Coast and the Republic of Congo to global energy trader Vitol for an aggregate value of $1.65 billion at January 1 2024, with cash adjustment at closing, Eni said on Wednesday. (*) MONTE DEI PASCHI BMPS.MI, MEDIOBANCA MDBI.MI Monte dei Paschi has increased the number of shares available in its bid for rival Mediobanca to 2.23 billion from 1.9 billion, the lender said late on Tuesday. If all new shares are issued, the Del Vecchio family's holding Delfin will own a 15.7% stake in the new merged group, Italian businessman Francesco Gaetano Caltagirone will have a 5.3% stake, the Italian economy ministry a 4.2% stake, Mediolanum BMED.MI a 2.1% stake, Banco BPM BAMI.MI a 1.8% stake, and fund manager Anima Holding ANIM.MI will have 1.4%, Monte dei Paschi said. The remaining 69.5% of the share capital will be held by other shareholders, it added. (*) Deutsche Bank on Wednesday said it raised its rating on Monte dei Paschi to 'buy' from 'hold'. (*) TELECOM ITALIA TLIT.MI The Italian telecoms group is no longer among the suitors for the remaining operations of BT BT.L in Italy, daily Il Sole 24 Ore reported on Wednesday. Telecom Italia had submitted a non-binding bid in September. INDUSTRIE DE NORA DNR.MI (*) The Italian electrochemical group on Wednesday reported a 12% drop in its 2024 adjusted net profit to 88.8 million euros ($97.0 million), the company said in a statement. Conference call (0800 GMT). (*) RECORDATI RECI.MI Deutsche Bank said on Wednesday it had raised its rating on the Italian drug maker to 'hold' from 'sell'. STELLANTIS STLAM.MI The Franco-Italian carmaker's Chairman John Elkann addresses Senate and Chamber of Deputies Industry committees (1330 GMT). SNAM SRG.MI Releases FY results, followed by conference call (1530 GMT). DIARY Infrastructure and Transport Minister Matteo Salvini attends "Bridging the Alps: overcoming barriers and advancing sustainable connectivity in Europe" (1000 GMT) and award ceremony 'Janos Prize' for the defence of European values and freedom (1600 GMT) in Brussels. UniCredit CRDI.MI CEO Andrea Orcel attends Morgan Stanley "European Financial Services Conference" in London (1000 GMT). AIFI and PwC Italia hold news conference on "Italian Private Equity and Venture Capital Market in 2024" (0900 GMT). Rome, Prime Minister Giorgia Meloni addresses Chamber of Deputies ahead of the European Council (0830 GMT); Economy Minister Giancarlo Giorgetti attends. Rome, President Sergio Mattarella receives Prime Minister Giorgia Meloni ahead of European Council meeting to be held on March 20-21 (1230 GMT). Rome, Chamber of Deputes holds 'Question Time' session with Industry Minister Adolfo Urso (1400 GMT). Rome, Industry Ministry holds news conference to present "2025 Made in Italy National Day" with Industry Minister Adolfo Urso (1030 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/