Italy - Factors to watch on October 22

Mfe-mediaforeurope NV

22/10/2025 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.

POLITICS

Three years after winning power, Giorgia Meloni has consolidated her position at the helm of Italian politics, defying the economic headwinds and international uncertainty that have unsettled many of her European counterparts.

DEBT

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

COMPANIES

UNICREDIT CRDI.MI

(*) Italy's second-biggest bank on Wednesday confirmed its profit outlook for the year after reporting a higher-than-expected quarterly income thanks to trading gains.

Conference call scheduled at 0800 GMT.

(*) In recent weeks, in view of a possible move on BPER bank EMII.MI, UniCredit CEO Andrea Orcel attempted to approach the lender's largest shareholder, Unipol UNPI.MI, but the head of the insurance group has not yet agreed to meet with the top banker, Il Messaggero reported on Wednesday.

(*) UniCredit's relationship with Greece's Alphabank ACBr.AT - in which it holds a 26% stake - is excellent and the bank will probably lift its holding to around 30%, Orcel told CNBC in an interview on Wednesday.

(*) BANCO BPM BAMI.MI

Ahead of its shareholders meeting, early next year, which will renew its board of directors, the current board of the bank is considering presenting its own slate of candidates following the rules in a recently-approved corporate governance law, under which the outgoing board's list needs to be approved by at least two-thirds of the existing directors, Il Sole 24 Ore reported on Wednesday.

(*) STELLANTIS STLAM.MI

     Stellantis' Warren site in Michigan will remain shut down for several weeks due to a shortage of key components after a fire at a key aluminium supplier earlier this month, Bloomberg News reported on Tuesday.

Production at the company's Warren plant, which was halted on October 13, will stay idle until the week of November 3, Bloomberg reported citing an email from Stellantis.

LEONARDO LDOF.MI

The board of the Italian aerospace and defence group held a crucial meeting on Tuesday to review a tentative deal to forge a new European satellite manufacturerwith its existing partner Thales TCFP.PA and rival Airbus AIR.PA, people familiar with the matter said.

An announcement could be as early as Wednesday, barring a last minute setback.

(*) The governance of the new venture should be on a rotating basis, to ensure equal representation for the three companies, La Stampa reported on Wednesday, without citing sources.

MFE-MEDIAFOREUROPE MFEB.MI

The Italian TV group has tightened its grip on German broadcaster ProSiebenSat.1 by appointing Marco Giordani as chief executive, marking a shift in leadership after the TV group controlled by Italy's Berlusconi family closed its takeover bid in September.

(*) NEWPRINCES NWLF.MI

The food group said on Wednesday it had set the price range for the London listing of its Princes unit between 475 pence and 590 pence per share, implying an estimated market capitalisation of between £1.162 billion - £1.243 billion ($1.56 billion - $1.67 billion).

(*) SAIPEM SPMI.MI

Releases Q3 results.

DIARY

Rome, Prime Minister Giorgia Meloni addresses Senate (0730 GMT) and Chamber of Deputies (1415 GMT) ahead of European council meeting to be held on October 23 and 24.

Economy Minister Giancarlo Giorgetti attends "Il Salone del leasing" conference via videoconference (1000 GMT).

Rome, Chamber of Deputies holds 'question time' session with Economy Minister Giancarlo Giorgetti (1300 GMT).

Milan, "Milan Fashion Global Summit 2025" ends (0730 GMT); on October 22. On Wednesday expected attendees include Herno Chairman Claudio Marenzi, OTB Group founder and President Renzo Rosso.

((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 = 0.7451 pounds)