Italy - Factors to watch on November 5

Saipem SpA

Today 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 (*).

ECONOMY
Istat releases September retail sales data. 
Bank of Italy releases September Target2 liabilities data and Italian banks' exposure to ECB funding.

DEBT
Treasury buys back up to 5 billion euros of BTPs and CCTeus.

COMPANIES  
BPER BANCA EMII.MI
(*) The Italian lender posted on Thursday a double-digit increase in adjusted net profit for the first nine months of the year, as it looks to benefit from Intesa Sanpaolo's ISP.MI bid for Monte dei Paschi (MPS) BMPS.MI.

LEONARDO LDOF.MI
(*) The defence group raised its 2026 order guidance for a second time this year after reporting a 29.3% rise in nine-month core profit and a 22.4% increase in orders. The state-controlled company now expects 2026 orders of €29.5 billion, up from a revised €28.2 billion forecast in July, including the contribution from recently-acquired Iveco Defence Vehicles.

FINECOBANK FBK.MI
(*) The Italian digital bank posted third-quarter results on Thursday, reporting a 15.6% rise in net profit year-on-year to €188.1 million, and seeing further growth in 2027. 

NEXI NEXII.MI 
(*) The Italian payments group reported third-quarter core earnings above expectations on Thursday, helped by cost controls, and confirmed its full-year outlook.

(*) UNICREDIT CRDI.MI
Germany's Commerzbank CBKG.DE, nearing a possible takeover by Italy's second-biggest bank, said on Thursday that it was "convinced" a deal between the two banks could create value.
     
(*) SNAM SRG.MI
The board of the Italian gas grid operator is expected to review and decide on the sale of its biomethane business Bioenerys at a meeting on November 11, daily Il Sole 24 Ore reported on Thursday.
Suitors interested in the unit include infrastructure fund Vesper, infrastructure fund F2i, Italian utility Edison EDNn.MI and Retina. The deal could be worth €400-500 million, sources told Reuters last month. 
   
(*) FERRETTI YACHT.MI
General Counsel Niccolo Pallesi has resigned from the company and two sales directors are also on the brink of leaving, la Repubblica daily reported on Thursday.

(*) TECHNOGYM TGYM.MI
Citigroup on Thursday raised the rating on the fitness equipment maker to 'buy' from 'neutral' and the target price to €17 from €15.

(*) TENARIS TENR.MI
The Italian steel pipe maker said on Wednesday that in the fourth quarter it expects an increase in sales and EBITDA reflecting higher OCTG demand and prices in North America and an increase in shipments to offshore projects. The fourth quarter should set a new quarterly baseline for sales and EBITDA going into 2027, assuming no significant change in the geopolitical context, the company added.

SAIPEM SPMI.MI
The tribunal of Brazil's antitrust agency (CADE) has approved the merger of Italian oilfield services company Saipem SPMI.MI and Norway's Subsea7 SUBC.OL, Saipem said on Wednesday.

TREVI TFI.MI, ICOP ICOP.MI, WEBUILD WBD.MI 
The Italian engineering group said on Wednesday financial institutions had accepted a waiver on the €180 million financing contract signed on May 28, 2026.
(*) Italian construction company ICOP said late on Wednesday it would not increase its offer for Trevi, effectively abandoning its bid for the company. ICOP Chief Executive Piero Petrucco told Il Sole 24 Ore on Thursday that "under the current circumstances, remaining in the race would require a further increase in the offer and, for us, that would not make overall economic sense."
As a result, Italian construction and infrastructure group Webuild remains the only bidder for Trevi.

(*) STELLANTIS STLAM.MI
The Italian-French automaker said on Wednesday it had appointed Pablo Di Si as Chief Operating Officer for North America and American Brands, Jon Nelson as CFO for North America, and Alexandre Sorel as CEO of Financial Services.

REDFISH LONGTERM CAPITAL RFLTC.MI
The Italian Industrial Holding Company said on Wednesday its capital unit Movinter had issued a €7 million non-convertible bond.  

AZIMUT HOLDING AZMT.MI
The Italian asset manager releases Q3 results.

BANCO BPM BAMI.MI
The Italian lender releases Q3 results.

BREMBO BRBI.MI
The premium brake maker issues Q3 results.

PIRELLI PIRC.MI
The Italian tyremaker issues Q3 results.

BUZZI BZU.MI
The cement-maker issues Q3 results.

MEDIOBANCA MDBI.MI
The merchant bank issues Q3 results.

DIARY 
Milan, ECB President Christine Lagarde speaks at the Young Factor public event (1500 GMT). 
Rome, cabinet meeting expected.
Rome, Leonardo CEO Lorenzo Mariani takes part in book presentation at Luiss University (1000 GMT)
Rome, Antitrust Authority and Bank of Italy present annual report on competition in Italy (1330 GMT).
Rome, Leonardo Maria Del Vecchio presents QN Media and the new QN daily (1700 GMT).
Milan, Insurance Summit 2026 at Palazzo Giureconsulti (0830-1630 GMT).

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
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 = 0.8880 euros)