Italy - Factors to watch on May 7
07/05/2025 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.
ECONOMY
ISTAT releases March retail sales data (0800 GMT).
OECD releases April composite leading indicator data (1000 GMT).
DEBT
Treasury buys back following five BTP bonds for a maximum amount of 5.0 billion euros: 0.50% due Feb. 1, 2026; 4.50% due March 1, 2026; zero coupon due April 1, 2026; 1.60% due June 1, 2026; zero coupon due Aug. 1, 2026. Subscriptions close at 0900 GMT.
The Treasury said on Tuesday it would sell 8.5 billion euros of 12-month BOT bills at an auction on May 9.
COMPANIES
(*) MEDIOBANCA MDBI.MI, BANCA GENERALI BGN.MI
Mediobanca CEO Alberto Nagel will meet Prime Minister Giorgia Meloni's chief of staff Gaetano Caputi on Wednesday to illustrate the bank's bid for Banca Generali, several newspapers reported on Wednesday.
INTESA SANPAOLO ISP.MI
Italy's biggest bank is better off keeping out of the merger and acquisition frenzy gripping the sector, its Chief Executive Carlo Messina said on Tuesday, reiterating his stance after the company reported its first quarter results.
BANCA POPOLARE DI SONDRIO BPSI.MI
The Italian lender on Tuesday posted a 19% rise in its first-quarter net profit, citing a good performance in its core banking business.
FINECOBANK FBK.MI
(*) The Italian bank said on Wednesday its first-quarter net profit rose 11.7% from a year earlier to 164.2 million euros ($186.28 million). Conference call on the results (0930 GMT).
ITALGAS IG.MI
(*) Europe's biggest gas distributor said on Wednesday that its adjusted core profit rose 6% year on year in the first quarter, as it begins integrating recently-acquired smaller rival 2i Rete Gas.
Italgas said it expected 2025 adjusted EBITDA in the range of 1.80-1.85 billion euros and total revenues of around 2.45 billion euros.
Conference call to follow on the results.
(*) POSTE ITALIANE PST.MI, TELECOM ITALIA TLIT.MI
Poste Italiane's CEO Matteo Del Fante will start discussions with US e-commerce giant Amazon AMZN.O at the end of its earnings roadshow in the United States to strengthen ties between the two companies, daily la Repubblica said on Wednesday.
The newspaper reported that Del Fante will also aim to build relations between Amazon and Telecom Italia TLIT.MI, in which Poste is the leading investor.
(*) STMICROELECTRONICS STMM.MI
The chipmaker will sign an agreement on Wednesday to receive a 300-million-euro loan from Sicily's regional government to relaunch the company's plant in the city of Catania, daily Il Sole 24 Ore reported.
FERRARI RACE.MI
The Italian sports-car maker's first fully electric model will hit the streets in October 2026, its CEO said on Tuesday as the company posted a 15% rise in first-quarter core earnings and stuck to its broad financial guidance for the year.
LEONARDO LDOF.MI
The aerospace and defence group created a new division that will combine its aircraft and aerostructures businesses with over 11,000 employees to strengthen its competitive positioning both in military and civil domains, it said on Tuesday.
(*) LOTTOMATICA LTMC.MI
The Italian betting firm on Wednesday posted a 47% jump in first-quarter adjusted core profit, boosted by a favourable payout ratio offsetting the consolidation of PWO (formerly SKS365) acquired in April 2024.
(*) EDISON EDNn.MI
The Italian energy company roughly halved its first-quarter core profit compared to last year, despite reporting higher revenues, citing a market rebalancing after a strong performance in 2024, and lower optimisation of its gas business.
DIASORIN DIAS.MI
The Italian medical diagnostics group said on Tuesday first quarter revenue rose 8% at current exchange rates to 313 million euros ($354.88 million), as a "stronger-than-regular" flu season contributed to the positive result of its business lines.
MFE-MEDIAFOREUROPE MDBI.MI
Czech investment group PPF has yet to see an offer by the Italian media group to buy out other shareholders in ProSiebenSat.1, and will decide afterwards on its course of action, PPF's Chief Executive Jiri Smejc said on Tuesday.
MediaForEurope will hold an extraordinary shareholders' meeting at 1300 GMT on Wednesday.
ASSICURAZIONI GENERALI GASI.MI
Board meeting; first discussion on Mediobanca MDBI.MI takeover bid for Banca Generali BGN.MI expected.
BANCO BPM BAMI.MI
Releases Q1 result, followed by conference call (1600 GMT).
BPER BANCA EMII.MI
Releases Q1 result.
TELECOM ITALIA (TIM) TLIT.MI
Releases Q1 result.
DIARY
Rome, Prime Minister Giorgia Meloni addresses Senate at 'question time' session (1130 GMT).
Rome, Infrastructure and Transport Minister Matteo Salvini addresses Chamber of Deputies at 'question time' session (1245 GMT).
Rome, Economy Minister Giancarlo Giorgetti addresses Chamber of Deputies at 'question time' session (1300 GMT).
Rome, Defence Minister Guido Crosetto addresses Intelligence Parliamentary Committee (COPASIR) (1315 GMT).
Rome, Justice Minister Carlo Nordio attends a book presentation (0900 GMT).
Rome, 3rd edition "Annual meeting advisory board foreign investors" (0730 GMT); expected attendees include Foreign Minister Antonio Tajani, Industry Deputy Minister Valentino Valentini.
Rome, Italian National Press Federation (FNSI) (1220 GMT), data protection Authority President Pasquale Stanzione (1230 GMT), National Cybersecurity Agency (CAN) Director General Bruno Frattasi (1330 GMT) address Chamber of Deputies Transport and Industry committees on artificial intelligence.
Milan, 58th edition of the Asian Development Bank (ADB) annual event "Sharing Experience, Building Tomorrow" ends; on Wednesday expected attendees include Carmine Di Noia from OECD, Economy Ministry representative Stefano Cappiello, Mario Nava from EU Commission, U.N. food agency FAO Director General Qu Dongyu, International Fund for International Development (IFAD) President Alvaro Lario, World Food Programme Executive Director Cindy McCain.
Vatican City, Roman Catholic cardinals meet in a secret conclave to elect the new Pope.
((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/