Italy - Factors to watch on June 2
02/06/2025 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. (*) POLITICS Polish nationalist opposition candidate Karol Nawrocki won the second round of the country's presidential election with 50.89% of the votes, the electoral commission said early on Monday on its website. ECONOMY May manufacturing PMI data (0745 GMT). Europe's largest film studio Cinecitta is aiming to re-launch Italy as a movie powerhouse, even as U.S. President Donald Trump's proposed tariffs on foreign productions cast a shadow over the film industry globally. Should President Donald Trump confirm plans to double tariffs on imported steel and aluminium, Italy's steel exports to the U.S., though a small percentage of the total, will fall dramatically or "almost disappear", the head of the steelmakers industry body FederAcciai Antonio Gozzi told Corriere della Sera in an interview published on Sunday. GENERAL More than 500 people were arrested by police during the Champions League final celebrations in France, and two people were reported dead and 192 injured, the interior ministry said on Sunday. COMPANIES MONTE DEI PASCHI BMPS.MI, MEDIOBANCA MDBI.MI The Tuscan lender is considering lowering the minimum take-up threshold required in its bid for merchant bank Mediobanca to 51% from the 66.7% it set out in January, daily la Repubblica wrote on Saturday, citing financial sources. A source close to the matter confirmed this was a possibility being considered. The supervisory assessment to clear the bid normally includes a range of take-up scenarios to which the regulator could attach different conditions, a second person familiar with the process said. MEDIOBANCA, BANCA GENERALI BGN.MI Proxy advisor PIRC said on Friday it recommended Mediobanca's shareholders to vote in favour of the investment bank's takeover bid for Banca Generali at the shareholders' meeting on June 16. BPER BANCA EMII.MI, POPOLARE SONDRIO BPSI.MI Italy's fourth-largest lender said on Friday it had received all required preliminary authorisations by the Bank of Italy to go ahead with its bid offer on rival Popolare di Sondrio. ILLIMITY BANK ILTY.MI, BANCA IFIS IF.MI Shareholders holding a 27.2% stake in Illimity Bank have entered a consultation agreement following an unsatisfactory bid from Banca Ifis, the bank said of Friday. The shareholders agreed not to acquire further illimity shares and to avoid actions triggering mandatory public tender offers. TELECOM ITALIA TLIT.MI, POSTE ITALIANE PST.MI A potential tie-up between French telecoms firm Iliad and Telecom Italia, in a move to consolidate Italy's telecoms sector, could create a group worth 25 billion euros and with a market share of 37.5% of the mobile sector, La Stampa reported on Sunday, without giving further details. TERNA TRN.MI The state-controlled power grid operator plans to employ 1,400 people over the 5 years of its industrial plan ending in 2028, CEO Giuseppina di Foggia told Education Minister Giuseppe Valditara in a meeting, in which the executive called for greater collaboration between companies and schools, Il Messaggero reported on Sunday. FINCANTIERI FCT.MI The shipbuilder is revising its business plan and will present an update at the end of the year, in light of Europe's boost to defence spending which is bringing the group to consider increasing its production capacity, CEO Pierroberto Folgiero told Corriere della Sera in an interview published on Sunday. IVECO IVG.MI Goldman Sachs has received four offers for Iveco's Defence Vehicles division - from Leonardo LDOF.MI and Rheinmetall RHMG.DE jointly, Franco-German consortium KNDS, Spain's Indra, and Czech group CGS - Corriere della Sera reported on Sunday, adding that the bids are worth between 1.5 billion euros and 2 billion euros. (*) Morgan Stanley on Monday cut the shares to 'underweight' from 'equal weight" and cut the target price to 15.60 euros from 16 euros. AVIO AVI.MI The group said on Friday that Chief Financial Officer Alessandro Agosti was leaving his job and his resignation would be effective as of September 12, 2025. (*) DANIELI DANI.MI The metal industry supplier said on Friday it will provide JFE Steel 5411.T with a complete new meltshop for its Kurashiki site, scheduled to start up in the second half of 2028, and will renew Godo Steel's big bar mill at Himeji Works. The total value of the orders received is about 200 million euros. JUVENTUS FC JUVE.MI Damien Comolli will be the new general manager of the club, effective from June 4 and reporting directly to CEO Maurizio Scanavino, Juventus said on Sunday. ITALGAS IG.MI Starts capital increase; ends on June 19. AATECH AAT.MI Starts capital increase; ends on June 20. DIARY Rome, President Sergio Mattarella leads ceremonies for the 79th anniversary of the Italian Republic: laying of a laurel wreath at the Unknown Soldier (0715 GMT); military review along Fori Imperiali (0800 GMT). Turin, 4th edition '2025 Economy international festival' ends (0730 GMT); on Monday expected attendees include European Investment Bank (EIB) Chief Economist Debora Revoltella, International Monetary Fund (IMF) representative Antonio Spilimbergo. ((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/