Italy - Factors to watch on Oct. 28
28/10/2022 05:00
The following factors could affect Italian markets on Friday.
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 .
ECONOMY
DBRS rating agency scheduled review on sovereign debt rating
on Italy.
ISTAT releases September producer prices data (0800 GMT) and
October CPI flash data (0900 GMT).
Italy's new economy minister Giancarlo Giorgetti said on
Thursday that the European Central Bank should take account of a
slowing euro zone economy in its future policy decisions.
DEBT
Treasury sells 2.25-2.75 billion euros 2.65% BTP bonds due
Dec. 1, 2027; 3.25-3.75 billion euros 4.40% new BTP bonds due
May 1, 2033; 0.75-1-0 billion euros CCTeu due April 15, 2026.
Subscriptions close at 0900 GMT.
COMPANIES
MONTE DEI PASCHI DI SIENA BMPS.MI
Fondazione CRT has committed 5 million euros ($5 million)
towards a new share sale at Monte dei Paschi di Siena, a CRT
source said, bringing the total pledged this week by Italian
banking foundations to 25 million euros.
CAMPARI CPRI.MI
The Italian spirits group sees no sign that concerns over
inflation are deterring drinkers who still want to enjoy a night
out as the winter party season looms in Europe and the United
States.
INWIT INWT.MI
Italy's top mast tower firm on Thursday reported a 12% rise
in nine-month core earnings, matching expectations as revenues
rose helped by the growing number of telecoms antennas on its
infrastructure.
The company has cautious approach on M&A at the moment,
General Manager Diego Galli told analysts in a post-results
call.
SAIPEM SPMI.MI
Italy's Saipem closed up almost 16% as the energy services
group said it was ahead on the delivery of its business plan
targets after beating analysts' expectations for third-quarter
results and improving its 2022 guidance.
DIASORIN DIAS.MI
Shares in diagnostics group DiaSorin closed down almost 8%
on Thursday, with brokers citing a cut to its underlying revenue
growth outlook.
ITALGAS IG.MI
Italgas expects to finalise the acquisition of 49% of Eda
Thess from Eni "in the coming weeks", CEO Paolo Gallo told
analysts during a post-results conference call.
JUVENTUS JUVE.MI
The Italian Football Federation (FIGC) is asking Turin
prosecutors for access to new documents at the centre of the
investigation they have completed into Serie A soccer club
Juventus, a source with direct knowledge of the matter told
Reuters on Thursday.
MEDIOBANCA MDBI.MI , BANCA GENERALI BGN.MI
Mediobanca would consider buying a big wealth management
asset such as Generali's private bank BGN.MI if it is put up
for sale and brings significant synergies, its chief executive
said on Thursday.
ENI ENI.MI
Releases Q3 results (0545 GMT), followed by conference call
(1200 GMT).
The board of the energy group on Thursday approved to pay
shareholders the second of the four tranches, worth 0.22 euros,
of its dividend for the fiscal year 2022.
Eni's board on Thursday approved the possible issue of one
or more retail bonds by the end of 2023 for a value of up to 2
billion euros, it said in a statement.
TELECOM ITALIA (TIM) TLIT.MI
The board of the telecoms group is expected on Friday to
back a request of state lender CDP and its partners for more
time to submit an offer for its landline grid, two sources
familiar with the matter said. They added a deadline for a
non-binding offer could be set on Nov. 30 with the aim to reach
a binding agreement in the third quarter. One of the sources
said talks would likely no longer continue on an exclusive
basis.
The European Union (EU) is set to demand asset disposals as
a condition for approving an Italian deal to create a national
telecoms network giant, sources close to the matter said.
GENERALI GASI.MI
The insurer said on Thursday it would redeem early all
outstanding notes due Dec. 2042 for an amount of 467.6 million
euros with the first call date set for Dec. 12.
PIAGGIO PIA.MI
Board meeting on Q3 results, followed by conference call.
SARAS SRS.MI
Board meeting on Q3 results, followed by conference call
(1400 GTM).
MEDIOBANCA MDBI.MI
Annual general meeting (0800 GMT).
DANIELI & C. DANI.MI
Annual general meeting (1300 GMT).
DIARY
Rome, "International Cooperative and Mutual Insurance
Federation (ICMIF) Centenary Conference ends (0700 GMT). Unipol
Chairman Carlo Cimbri attends panel "The future of our sector"
(1130 GMT).
Rome, savings banks association (ACRI) holds news conference
to present 22th edition annual survey by ACRI-IPSOS on "Italians
and Savings" with ACRI President Francesco Profumo and IPSOS
President Nando Pagnoncelli (0830 GMT).
Milan, 9th edition conference to award the "Premio
Eccellenze d'Impresa" (0830 GMT). Borsa Italiana CEO Fabrizio
Testa delivers introductory remarks (0900 GMT); UniCredit
CRDI.MI Chairman Pier Carlo Padoan gives speech (0910 GMT);
followed by round-table discussion on "Inclusiveness and ESG as
competitiveness factors for Italian companies" with Ariston
Group ARIS.MI Chairman Paolo Merloni, Seco IOT.MI CEO
Massimo Mauri, EdiliziaAcrobatica EDAC.MI CEO Riccardo Iovino
(1000 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/