Italy - Factors to watch on July 31

Leonardo

31/07/2026 05:00

The following factors could affect Italian markets on Friday

        Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*).

POLITICS
The Italian government is considering suspending the EU Schengen agreement with Spain in light of the migrant crisis in Ceuta, sources at Prime Minister Giorgia Meloni's office said on Thursday.
"Italy will not stand by and watch... we are prepared to intervene with extraordinary measures to defend the borders and the safety of citizens, including the suspension of the Schengen Area with Spain," Meloni posted on X. 
(*) The European Union has agreed plans to establish a Maritime Rescue Coordination Centre (MRCC) in the eastern Libyan city of Benghazi, EU Ambassador to Libya Nicola Orlando said on Thursday, as the bloc looks to curb arrivals on one of Europe's busiest migration routes.

ECONOMY
Istat releases July consumer and business confidence data (0800 GMT) and preliminary July consumer prices data (0900 GMT). 
        
COMPANIES  
The following companies will publish Q2/H1 results: DIASORIN DIAS.MI, ERG ERG.MI, FERRETTI YACHT.MI  

(*) BANCO BPM BAMI.MI, MONTE DEI PASCHI DI SIENA BMPS.MI 
The CEO of France's Credit Agricole CAGR.MI, which holds a 29.3% stake in the Italian lender, said on Friday that his bank had received no proposal or information regarding a merger deal between between Banco BPM and Monte dei Paschi di Siena. "Everything that has been written in the press is completely false as of today." Olivier Gavalda said.

(*) UNICREDIT CRDI.MI 
Alpha Bank - in which UniCredit has a 29.5% stake - recorded higher net earnings for the first half of the year on Friday, backed by strong fee and interest income.

(*) WEBUILD WBD.MI, TREVI TFI.MI 
Webuild CEO Pietro Salini said the group's bid for Trevi "is not about finance, but about industrial integration", speaking in an interview with daily Corriere della Sera published on Friday. He added Webuild would immediately contribute around 2 billion euros of work to Trevi, effectively doubling its order backlog.

LEONARDO LDOF.MI
The aerospace and defence group on Thursday lifted its full-year guidance for orders, core profits and free cash flow after posting a 45% rise in new contracts in the first half of the year.
The company will present its H1 results in a conference call at 1200 GMT.

PIRELLI PIRC.MI
Sinochem 600500.SS  has sold a 14% stake in Pirelli to Czech billionaire Michal Strnad, the two parties said on Thursday, with the Chinese state-owned group significantly scaling back its investment in the Italian tyremaker.

ENEL ENEI.MI
Italy's biggest utility said on Thursday its Spanish and Latin American units supported the group's performance in the first half, with ordinary earnings up 3% year-on-year in the period. Earnings before interest, taxes, depreciation and amortisation (EBITDA) excluding extraordinary items came in at €11.8 billion ($13.6 billion), above an analyst consensus of €11.7 billion compiled by the company.
Enel also said it had launched a buyback programme for 2.6 million treasury shares to service its 2026 long-term incentive plan.

SAIPEM SPMI.MI
EU antitrust regulators have extended their deadline on whether to clear the Italian energy contractor merger with Norwegian peer Subsea 7 SUBC.OL by about three weeks, according to a European Commission filing.

(*) LEONARDO, ENI ENI.MI, TELECOM ITALIA TLIT.MI
Telecom Italia (TIM) is close to joining a consortium with defence group Leonardo and energy company Eni for an artificial intelligence gigafactory project financed by the European Union, daily La Stampa reported on Friday.

(*) ENI
The energy group said the industrial transformation plan of its unit Versalis, first announced in October 2024, now involves investments exceeding €2 billion, up from initial estimates, with work under way at the sites of Brindisi, Priolo and Ragusa.

(*) DATA CENTRES
Italian property group Coima is studying a national data centre infrastructure programme that could later take the form of a dedicated fund, with Intesa Sanpaolo ISP.MI , Telecom Italia (TIM) TLIT.MI and Poste Italiane PST.MI among potential investors, daily MF reported on Friday. Coima has begun assessing potential sites, including logistics areas around Milan, for data centre developments amid growing demand driven by artificial intelligence, cloud computing and digitalisation, the report added.
            
FERRARI RACE.MI
The luxury sports car maker raised its forecasts for full year revenue, core profit and cash on Thursday after better-than-expected second quarter results, and said there was demand for its first EV despite criticism of its design.

STELLANTIS STLAM.MI
CEO Antonio Filosa cautioned that a major strategic overhaul would take time to bear fruit after the world's No. 4 automaker reported weaker-than-expected second-quarter results on Thursday, knocking its shares.

(*) MARE ENGINEERING MARE.MI 
The group on Friday announced a €10 million capital increase at €5 euros per share to be started by September 30.
      
WEBUILD WBD.MI
The construction company said on Thursday it had won an €803 mln contract for Genoa subport tunnel. The project is expected to create over 700 jobs, it said.

AZIMUT HOLDING AZMT.MI 
The Italian asset manager on Thursday more than tripled its 2026 net inflow forecast to more than €35 billion), compared with €10 billion previously, sending its shares rising 3%.
The guidance hike is subject to the closing of Azimut's acquisition of Turkey's Yapı Kredi Portföy Yönetimi by the end of the year. It announced the €305 million deal, aimed at creating a combined platform that would become Turkey's second-largest asset manager, on Wednesday.

A2A A2.MI
The Italian utility has identified sites for the development of a 20 MW data center in Brescia and an 80 MW data center in Cassano d’Adda, near Milan, CEO Renato Mazzoncini said on Thursday. 
            
MEDIA
Italy's advertising spending fell 1.8% year-on-year in June, research agency Nielsen said on Thursday.

BRUNELLO CUCINELLI BCU.MI 
The luxury brand on Thursday raised its full-year 2026 revenue growth guidance to 10%-11% at constant exchange rates after reporting a first-half revenue of €749.4 million , EBIT of €128.2 million, and net profit of €78.2 million.

AEFFE AEF.MI
The struggling Italian fashion group said on Thursday it had received a binding offer from Oxy Capital Italia to acquire all the group assets via a newly formed buyer. The acquirer will split into three companies for Moschino, Alberta Ferretti, and Pollini, it said in a statement.

     PRADA 
Healthy Chinese spending in the second quarter is the result of wide-ranging efforts by Prada 1913.HK to pamper clients, top executives at the Milanese fashion group told analysts, adding the situation in the country remained very challenging.


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
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/