Italy - Factors to watch on October 23

Maire SpA

23/10/2025 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.

ECONOMY

Italy plans to collect around 4 billion euros next year from its banks and insurers through a package of measures contained in the 2026 budget, Economy Minister Giancarlo Giorgetti said on Wednesday.

Italian Economy Minister Giancarlo Giorgetti will ask the European Financial Services Commissioner for clarifications this week over disciplinary steps the EU Commission is set to launch against the government, sources told Reuters on Wednesday.

DEBT

Treasury continues offer of seven-year bonds 'BTP Valore' for the retail market; ends on October 24.

Treasury announces sale of BTP Short and BTPei bonds, with relative amounts to be auctioned on October 28.

COMPANIES

LEONARDO LDOF.MI

(*) European aerospace groups unveiled an initial deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by Elon Musk's Starlink.

The keenly awaited deal between Airbus, Thales and Leonardo would create a new venture starting from 2027, subject to approval by European regulators who have resisted such moves in the past.

UNICREDIT CRDI.MI

CEO Andrea Orcel is facing persistent requests from its board for detailed, frequent updates on his dealmaking strategy, according to a Reuters exclusive.

The Italian bank has invested in several rival financial institutions over the past year, but not yet landed any deals. Amid debate over the extent of Orcel's remit on mergers and acquisitions, one suggestion that has been floated internally is to appoint a general manager, four sources with knowledge of the matter told Reuters.

UniCredit abolished the GM role in 2019, although it named one for an interim period between CEOs in 2021.

(*) The Italian lender on Thursday announced the launch of the second and last tranche of the 2024 share buyback residual programme for a maximum amount of 1.77 billion euros.

STMICROELECTRONICS STMPA.PA, STMMI.MI

(*) The Franco-Italian chip maker on Thursday said that it expected sales to rise in the fourth quarter compared with the current quarter, showing evidence of a sustained recovery after a multi-year downturn in its main markets.

Conference call on results (0730 GMT).

(*) Two Italian members of the supervisory board, Maurizio Tamagnini and Paolo Visca, have resigned, the Franco-Italian chip maker said on Thursday, adding that they would be replaced respectively by Armando Varricchio and Orio Bellezza, subject to approval by a shareholder meeting on December 18.

(*) RECORDATI RECI.MI

The Italian pharmaceutical company on Thursday named Mike McClellan as its new Chief Financial Officer, starting from January 1.

BPER BANCA EMII.MI

JP Morgan JPM.N has cut its stake in the Italian lender to 3% from 4.5% as of October 16, market regulator Consob said in a  filing on Wednesday.

STELLANTIS STLAM.MI

The 597-million-euro budget for new subsidies for the purchase of electric cars was nearly exhausted on Wednesday, the first day they were made available, with 481 million euros' worth of demands approved, Italy's Environment Ministry said.

SAIPEM SPMI.MI

Italy's energy contractor said on Wednesday its third-quarter adjusted core profit rose 29% year-on-year as it pocketed new orders in Turkey and Guyana.

Adjusted earnings before interest, taxes, depreciation and amortisation(EBITDA) came in at 437 million euros ($510 million), marginally beating an analyst consensus of 433 million euros compiled by LSEG.

Conference call on Q3 results (0900 GMT).

(*) JUVENTUS JUVE.MI

Jude Bellingham scored his first goal since June as Real Madrid saw off a dogged Juventus to maintain their 100% record in this season's Champions League on Wednesday with a 1-0 victory at the Santiago Bernabeu.

Juve's board has invited a shareholder meeting on November 7 to vote against the proposals submitted by minority shareholder Tether, daily MF reported on Thursday. The crypto giant has asked to take part in a capital increase, to avoid diluting its stake, and to have its own representative on the board, MF added.

MAIRE MTCM.MI

Releases Q3 results, followed by conference call (1530 GMT).

SALVATORE FERRAGAMO SFER.MI

Releases Q3 results (revenues), followed by conference call (1600 GMT).

PRADA 1913.F

Releases Q3 results (1330 GMT).

DIARY

Prime Minister Giorgia Meloni attends EU summit in Brussels.

Rome, Financial Services EU Commissioner Maria Luis Albuquerque starts her two-day visit in Italy. Thursday's agenda includes meetings with business lobby Confindustria, Bank of Italy Governor Fabio Panetta, representatives from fintech and venture capital funds, pension funds association Assofondipensione President Giovanni Maggi, banking association ABI President Antonio Patuelli.

Rome, Competition and Market Authority President Roberto Rustichelli addresses Parliamentary Banks Committee on Italian banks mergers.

La Spezia, Fincantieri FCT.MI launches its first DEEP underwater drone system with CEO Pierroberto Folgiero and Executive Vice President Underwater unit Gabriele Maria Cafaro (1200 GMT).

Naples, Economy Minister Giancarlo Giorgetti attends via videoconference "Forum of the new world economy, paradigm shift" (0800 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/