Italy - Factors to watch on July 24
24/07/2025 05:00
The following factors could affect Italian markets on Thursday. 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 and Algeria agreed to work together to fight terrorism and control migration during an intergovernmental meeting in Rome on Wednesday, while companies signed off on deals in sectors including energy and telecommunications. DEBT Treasury sells 2.25-2.75 billion euros in 2.10% BTP Short bonds due Aug. 26, 2027 and 1.25-1.5 billion euros of 1.10% BTPei bonds due Aug. 15, 2031. Subscriptions close at 0900 GMT. Treasury announces sale of 6-month BOT bills, with relative amounts to be auctioned on July 29. COMPANIES (*) UNICREDIT CRDI.MI Chief Executive Andrea Orcel confirmed in an interview with Corriere della Sera on Thursday plans to reduce the bank's stake in insurer Generali GASI.MI, but said options were open with regards to a partnership for the distribution of their products. Orcel also said UniCredit had used 4 billion euros of capital for the stakes in Germany's Commerzbank CBKG.DE and Greece's Alpha Bank ACBr.AT, which would yield 800 million euros in net profit, that would grow over time. The Italian lender has another 5 billion euros which it could use to boost distribution, for acquisitions or to buy more stakes like those in Commerzbank and Alpha if opportunities arise, the executive added. (*) STELLANTIS STLAM.MI The group's sales in the European Union, Britain and the European Free Trade Association fell by 12.3% in June, while the overall market shrank by only 5.1%, the European Automobile Manufacturers Association (ACEA) said on Thursday. The Cassino plant in central Italy will close for the summer a week earlier than scheduled, starting on Friday, and will not resume activity on August 18, as planned, but in September, due to a lack of orders, MF daily reported on Thursday, citing trade union sources. IVECO IVG.MI The Italian government is closely following news about a possible sale of the truckmaker to India's Tata Motors TAMO.NS, Industry Minister Adolfo Urso told a parliamentary hearing on Wednesday. ENI ENI.MI (*) The Italian energy group has received four offers for the sale of Enibioch4in, which produces biomethane within biofuel unit Enilive, Il Sole 24 Ore reported on Thursday. The offers are from Goldman Sachs Asset Management biomethane business Verdalia Bioenergy, Vesper Infrastructure Partners, Vauban Infrastructure Partners and Kingston Capital, the newspaper added. The Italian oil major has found that some oil purchases coming from the market were contaminated with organic chlorine, a spokesperson for the Italian energy group said on Wednesday. (*) EDISON EDNn.MI The Italian utility confirmed its full-year EBITDA target at the high end of the forecast range of 1.2-1.4 billion euros, as it posted on Thursday higher revenues, lower EBITDA and lower net profits for the first half of the year. SAIPEM SPMI.MI Conference call on H1 results (0830 GMT). ITALGAS IG.MI (*) Europe's biggest gas distributor said on Thursday its adjusted core earnings rose 27.8% in the first half of 2025, driven by the acquisition of smaller rival 2i Rete Gas. The group will hold a conference call at 1200 GMT. ENERGY Italian energy authority ARERA will ask electricity providers to explain their pricing policies in 2023-2024, the watchdog's president Stefano Besseghini said in a parliamentary hearing on Wednesday, adding that sanctions could follow "if necessary". MONCLER MONC.MI The Italian luxury outerwear group reported on Wednesday a 1% decline at constant exchange rates in second quarter revenues, with its key eponymous brand affected by a decline in tourist spending in Europe and Japan. STMICROELECTRONICS STMMI.MI (*) The company, one of Europe's largest chipmakers, reported on Thursday a surprise second-quarter loss of $133 million, missing the average $56.2 million profit expected by analysts in an LSEG poll. Conference call on results at 0730 GMT. JUVENTUS FC JUVE.MI The Italian football club said on Wednesday that it has reached an agreement with German soccer team Werder Bremen for the disposal of player Mbangula for 10 million euros ($11.74 million). ENERGY TIME ET.MI Renewable energy company debuts on Euronext Growth Milan. BPER BANCA EMII.MI - BANCA POPOLARE DI SONDRIO BPSI.MI Full voluntary takeover bid on Banca Popolare di Sondrio continues; ends on July 25. HAIKI+ HAIK.MI Ends capital increase (started on July 7). DIARY Rome, "The opportunities of the 'Mattei Plan' for Africa's development; companies, cooperatives and associations as protagonists of change" conference (0800 GMT); expected attendees include Cabinet Undersecretary Alfredo Mantovano, Deputy Foreign Minister Edmondo Cirielli, state lender Cassa Depositi e Prestiti (CDP) CEO Dario Scannapieco, CDP unit SIMEST CEO Regina Corradini d'Arienzo. ((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 = 0.8515 euros)