* Italy - Factors to watch on Dec. 14
14/12/2023 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 .
POLITICS
Prime Minister Giorgia Meloni attends European Council
meeting (to Dec. 15).
COMPANIES
TELECOM ITALIA, TIM TLIT.MI
Chairman Salvatore Rossi will not seek another mandate as
head of the former phone monopoly's board when his term ends
next year, the executive told Reuters on Wednesday. A source
close to the deal said Rossi will inform directors about his
plan at a board meeting on Thursday. The board is also expected
to extend until the end of January talks of KKR over the sale of
TIM's submarine cable unit.
LEONARDO LDOF.MI
The defence and aerospace group and Franco-German
consortium KMW+Nexter Defence Systems (KNDS) announced on
Wednesday a "strategic alliance"to build a new generation of
tanks.
BRUNELLO CUCINELLI BCU.MI
The luxury group said on Wednesday it had raised its 2023
revenue growth guidance. It now expects revenue to grow around
22%-23% at current exchange rates, up from a previous forecast
of a 20-22% rise, it said in a statement.
OVS OVS.MI
The clothing retailer proposed paying an extraordinary
dividend of up to 8.7 million euros, after it posted a 2% drop
in adjusted core earnings in the nine months to October 31.
Adjusted earnings before interest, taxes, depreciation and
amortisation fell to 121.5 million euros in the period, from
124.1 million a year earlier.
Adjusted earnings before interest, taxes, depreciation and
amortisation (EBITDA) fell to 121.5 million euros ($131 million)
in the February-October period, from 124.1 million in the same
period a year earlier.
posted an adjusted core profit of o; 9-month adjusted EBITDA
was 121.5 million euros against 124.1 million euros in the same
period on 2022.
DIARY
Rome, Chamber of Deputies Speaker Lorenzo Fontana meets
French Ambassador to Italy Martin Briens (0900 GMT).
Rome, Industry Minister Adolfo Urso speaks before
Parliamentary Committee on illegal activities related to the
waste cycle and other environmental and agri-food offenses (1300
GMT).
Rome, news conference "Made in Italy and cybersecurity" with
Industry Minister Adolfo Urso, Telecom Italia (TIM) TLIT.MI
CEO Pietro Labriola (1000 GMT).
Rome, Industry Ministry holds meeting on Eurallumina crisis
(0900 GMT).
Rome, 3rd edition conference 'The States General of Internet
and AI Law' starts; ends Dec. 16. Expected attendees include
Economy Undersecretary Federico Freni, communication authority
AGCOM Commissioner Massimiliano Capitanio (0800 GMT).
Rome, "Atreju", the festival of Prime Minister Giorgia
Meloni's Brothers of Italy right-wing party starts; ends on Dec.
17. On Thursday expected attendees include Parliamentary Affairs
Minister Luca Ciriani (1300 GMT); Regional Affairs Minister
Roberto Calderoli (1500 GMT); Tourism Minister Daniela
Santanche, Culture Undersecretary Gianmarco Mazzi (1600 GMT);
Infrastructure and Transport Deputy Minister Galeazzo Bignami
(1800 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/