Italy - Factors to watch on July 23
23/07/2025 07:10
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 U.S. President Donald Trump's Middle East envoy Steve Witkoff will travel to Europe this week for meetings on Israel's war in Gaza and a range of other issues, a U.S. official said on Tuesday, adding Witkoff will continue pushing for a ceasefire in the Palestinian enclave. Axios reported that Witkoff is expected to depart for Rome on Wednesday and arrive on Thursday for a meeting with Israeli Minister of Strategic Affairs Ron Dermer and a senior Qatari envoy. COMPANIES UNICREDIT CRDI.MI, BANCO BPM BAMI.MI (*) UniCredit on Wednesday posted a much higher than expected quarterly profit and raised its 2025 outlook, a day after ditching a takeover bid for rival Banco BPM which had led Italy's second biggest bank to clash with the government. Conference call on results due at 0800 GMT. Unicredit on Tuesday announced it was withdrawing its 14.6 billion euro ($17 billion) all-share bid for Banco BPM, saying Italian government-imposed "golden power" conditions had derailed the deal. UniCredit said a 30-day suspension of the bid which market watchdog Consob decided earlier on Tuesday was not sufficient to get to a point where all uncertainty around the scope of the government's powers would be cleared. (*) BANCO BPM, ANIMA ANIM.MI, MONTE DEI PASCHI BMPS.MI UniCredit's decision to withdraw its bid for Banco BPM could clear the way for Credit Agricole CAGR.PA to further increase its stake in BPM, several Italian newspapers reported on Wednesday. The French bank has already sought approval from the European Central Bank to raise its stake above 20%, and La Repubblica, citing a government source, said Italy's government would be in favour. Corriere della Sera reported that alternative strategies for Credit Agricole could include acquiring asset manager Anima, controlled by BPM, or about 100 of the bank's branches. Corriere also said that after Unicredit's withdrawal BPM could consider an offer for Monte dei Paschi di Siena BPS.MI, although not in the immediate future. (*) STELLANTIS STLAM.MI The automaker will produce two new Fiat Panda models at its Kenitra plant in Morocco, Italian daily MF reported on Wednesday. The Giga Panda will be launched in 2026, followed by the Panda Fastback in 2027, the newspaper said. Stellantis declined to comment, MF added. BANCA MONTE DEI PASCHI BMPS.MI Italian investor Giorgio Girondi held a 3% stake in the Tuscan bank as of July 16, a filing by market regulator Consob showed on Tuesday. (*) LEONARDO LDOF.MI The German government has cleared the way for the delivery of 40 Eurofighter Typhoon jets to Turkey following a positive decision by the federal security council, the Spiegel news magazine reported on Wednesday. Turkey has been in talks on buying Eurofighter Typhoon jets, which are built by a consortium of Germany, Britain, Italy and Spain, represented by companies Airbus AIR.PA, BAE Systems BAES.L and Leonardo. AZIMUT AZMT.MI Italian asset manager said on Tuesday it had signed a binding accord to buy North Square Investments (NSI) in a cash-and-share deal valuing the U.S. peer at $165 million. POSTE ITALIANE PST.MI The state-backed group's CEO Matteo Del Fante said on Tuesday there are no plans at the moment to apply for a banking licence. MONCLER MONC.MI Releases H1 results, followed by conference call (1600 GMT). SAIPEM SPMI.MI Releases H1 results. BPER BANCA EMII.MI, Banca Popolare di Sondrio BPSI.MI Full voluntary takeover bid on Banca Popolare di Sondrio continues; ends on July 25. OLIDATA OLI.MI CEO Claudia Quadrino has resigned and left the company with immediate effect following "reciprocal misunderstandings and disagreements" with other company executives, the IT company said in a statement on Tuesday. JUVENTUS FC JUVE.MI The Italian football club said on Tuesday that it has reached an agreement with Porto FC for the purchase of Portuguese winger Francisco Conceição for 30.4 million euros ($35.71 million). DIARY Rome, Italy-Algeria summit (0930 GMT) with Italian Prime Minister Giorgia Meloni and Algerian President Abdelmadjid Tebboune. ENI CEO Claudio Descalzi is among the attendees. Rome, Foreign Minister Antonio Tajani delivers opening address at Italy-Algeria business forum (0700 GMT). Rome, Chamber of Deputies holds 'question time' session with Industry Minister Adolfo Urso (1300 GMT). Rome, Leonardo LDOF.MI CEO Roberto Cingolani addresses intelligence parliamentary committee COPASIR (0900). ((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 = 0.8514 euros)