Italy - Factors to watch on March 12
12/03/2025 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 Ukraine agreed to accept an immediate 30-day ceasefire in the conflict with Russia during talks with U.S. officials in Saudi Arabia. U.S. Secretary of State Marco Rubio said he would take the offer to the Russians, putting the ball in their court. (*) The European Commission on Tuesday proposed that member countries be allowed to set up centres in non-EU countries where migrants whose asylum claims were rejected would await deportation. DEBT Treasury sells 9.0 billion euros in 12-month BOT bills. Subscriptions close at 1000 GMT. COMPANIES LEONARDO LDOF.MI The Italian defence and aerospace group on Tuesday lifted its guidance for the next four years as it continues to look at international alliances and cooperation to boost growth. Chief Executive Roberto Cingolani said a buyback programme was possible during the 2025-2029 period and said a solution for the loss-making aerostructures unit would be defined by end-2025. BANCO BPM BAMI.MI, ANIMA ANIM.MI The bank said on Tuesday it had received all legal authorisations for its offer to buy fund manager Anima, after obtaining clearance from the European Commission and Italy's insurance regulator Ivass. STELLANTIS STLAM.MI Milan-listed shares fell by 5.22% on Tuesday, mirroring falls for other U.S. automakers, after U.S. President Donald Trump threatened to "substantially increase" tariffs on car imports. SAIPEM SPMI.MI The board on Tuesday proposed a dividend of 0.17 euros per ordinary share and 5 euros per savings share. ITALGAS IG.MI The board of the gas distributor on Tuesday called a shareholders' meeting on April 10 to approve a share capital increase of up to 1.02 billion euros, as part its acquisition of rival 2i Rete Gas. BANCA POPOLARE DI SONDRIO BPSI.MI (*) The lender on Wednesday set ambitious goals for profits and shareholder rewards through 2027, as it seeks to fend off an unsolicited bid from bigger rival BPER Banca EMII.MI. The bank said it would return to shareholders 1.5 billion euros ($1.64 billion) in the 2025-2027 period, doubling the payout of the last three years. Analyst call at 0800 GMT and news conference at 1030 GMT. BPER BANCA EMII.MI Releases FY results (preliminary FY results released on Feb. 6). SAFILO SFLG.MI The eyewear maker said on Tuesday its FY adjusted Ebitda had risen by 1.1% to 93 million euros, with an improved Ebitda margin of 9.4% from 9% in the previous year, despite a fall in net sales. The board proposed a buyback programme worth up to 15 million shares, worth around 3.6% of the share capital. ERG ERG.MI (*) The renewable energy company trimmed its 2026 guidance late on Tuesday, citing a longer approval time for a sector-wide incentive law and a more cautious approach in the U.S. as it evaluates the new administration's green energy policy. (*) It said it will return 1.15 euro per share to shareholders, made up a 1 euro dividend and 0.15 euro per share in a 23 million euro buyback programme between November 2024 and January 2025. Conference call on FY results and strategy update at 1330 GMT. (*) BRUNELLO CUCINELLI BCU.MI Morgan Stanley on Wednesday said it initiated coverage of the luxury group, with an 'overweight' rating and a target price of 130 euros per share. DIARY Canada, Foreign Minister Antonio Tajani attends G7 Foreign ministers' meeting in Charlevoix-Quebec (to March 14). Brussels, Industry Minister Adolfo Urso attends EU Competitiveness Council. Rome, Industry Minister Adolfo Urso delivers opening address at "Italian Geothermal Forum" (0800 GMT). Rome, Economy Minister Giancarlo Giorgetti and Economy Deputy Minister Maurizio Leo attend inauguration ceremony of 'Fiscal Judicial Year 2025' (1000 GMT). Rome, Chamber of Deputies holds question time session with Economy Minister Giancarlo Giorgetti, Energy Minister Gilberto Pichetto Fratin (1400 GMT). Rome, Prime Minister Giorgia Meloni meets Dutch counterpart Dick Schoof (1430 GMT). Rome, Bank of Italy Governor Fabio Panetta and state-lender Cassa Depositi e Prestiti (CDP) unit Venture Capital CEO Agostino Scornajenchi attend a book presentation at LUISS University (1630 GMT). Milan, Industry Minister Adolfo Urso attends event "CESI Space - Energy for Space" (0915 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/