Italy - Factors to watch on July 22

Iren S.p.A.

22/07/2024 05:00

The following factors could affect Italian markets on Monday.
    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 .
    
    DEBT
    Treasury announces sale of BTP Short and BTPei bonds, with
relative amounts to be auctioned on July 25.
    
    COMPANIES
    
    ENI  ENI.MI  
    ENI CEO Claudio Descalzi met Congo Republic President Denis
Sassou Nguesso in Brazzaville on Saturday, the company said. 
    Descalzi set out the successful launch of the Congo LNG
project. With the second phase of the project, which will start
at the end of 2025, gas exports from Congo will rise to 4.5
billion cubic metres per year.
    They also discussed agri-feedstock production projects for
biorefining under way in the country.
    Descalzi had met Nigeria's President Bola Tinubu on Friday
to discuss new initiatives focused on energy transition,
signalling a potential breakthrough in a long dispute over the
OPL 245 oilfield. 
    
    FINECOBANK  FBK.MI  
    Swiss insurer Zurich Insurance Group  ZURN.S  is studying a
potential deal for Italy's FinecoBank  FBK.MI , daily Il
Messaggero reported on Saturday. Should Zurich decide to go
ahead, KKR  KKR.N  and Advent International could form part of a
consortium, the report added.
        
    STELLANTIS  STLAM.MI  
    The automaker paid $190.7 million in civil penalties for
failing to meet U.S. fuel economy requirements for 2019 and
2020, and owes another $459.7 million in outstanding penalties,
Reuters reported on Friday citing government documents.
    
    UNICREDIT  CRDI.MI 
    UniCredit wants to cut staff in its central offices and will
send some employees into early retirement while offering others
the chance to retrain and be moved to "more productive" roles,
CEO Andrea Orcel told Il Messaggero on Sunday mentioning in
particular the CFO office and human resources staff.
    
    GO INTERNET  GO.MI 
    BID-GO Srl reopens full mandatory takeover bid on Go
Internet shares; ends on July 26.
    
    DIARY
        Rome, Prime Minister Giorgia Meloni meets European
Council President Antonio Luis Santos da Costa (0830 GMT).
  
        Rome, Prime Minister Giorgia Meloni attends
policymakers' meeting on Italy's Recovery and Resilience Plan
(NRRP) (1430 GMT).
  
    Rome, Cabinet meeting chaired by Prime Minister Giorgia
Meloni (1530 GMT).
    Rome, Iren  IREE.MI  holds news conference to present new
hub for recovery of raw materials and precious metals with
Chairman Luc aDal Fabbro, Industry Minister Adolfo Urso (1400
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/