Italy - Factors to watch on Nov. 13
13/11/2023 05:00
The following factors could affect Italian markets on Monday.
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
Italy will host the next G7 summit on June 13-15 in the
Borgo Egnazia resort in the southern Puglia region, Italian
Prime Minister Giorgia Meloni said on Friday.
COMPANIES
BANCA MONTE DEI PASCHI (MPS) BMPS.MI
Ratings agency Fitch said on Friday it had upgraded the
stock to "BB" from "B+" with stable outlook, to reflect "the
bank's successful restructuring" and "evidence that MPS has
regained customer confidence".
BPER cannot be an M&A partner for MPS, the chairman of
Unipol group Carlo Cimbri said in an interview with Il Sole 24
Ore on Saturday. Unipol is BPER's leading shareholder, with
around 20%.
TELECOM ITALIA (TIM) TLIT.MI
Ratings agency Fitch placed TIM on rating watch positive
after the company's board last week approved a deal to sell its
domestic fixed-line grid to U.S. fund KKR KKR.N .
EDISON EDNn.MI
BP BP.L , Edison and Shell SHEL.L pressed a U.S.-EU
energy group to intervene in a dispute with liquefied natural
gas exporter Venture Global LNG over the U.S. firm's failure to
deliver contract supplies of the fuel.
MEDIOBANCA MDBI.MI
The bank is launching on Monday a share buyback programme
worth up to 200 million euros for up to 17 million ordinary
shares, equal to about 2% of the company's share capital.
STELLANTIS STLAM.MI
The automaker has emailed about 15,000 employees in Italy
asking them if they would be interested in leaving the company
with a generous severance pay package, Corriere della Sera daily
wrote on Saturday, adding that the offer is valid until Dec. 31.
M&A, VODAFONE ITALIA
British telecoms group Vodafone VOD.L is considering
selling its Italian business or joining it to a rival via a
partnership, Il Sole 24 Ore reported on Saturday, indicating
Swisscom SCMN.S , which operates in Italy via its subsidiary
Fastweb, or Iliad, as the two candidates.
UNIPOL UNPI.MI , UNIPOLSAI US.MI
The Unipol group will respect its financial targets despite
the impact on claim expenses from natural disasters in Italy,
Chairman Carlo Cimbri said in an interview with Il Sole 24 Ore
on Saturday.
BPER EMII.MI , BANCA POPOLARE DI SONDRIO BPSI.MI
There is no question of a merger between the two banks,
Unipol group Chairman Carlo Cimbri said in an interview with Il
Sole 24 Ore on Saturday. Unipol has stakes of around 20% in both
banks.
JUVENTUS JUVE.MI
Juventus defenders Gleison Bremer and Daniele Rugani scored
in the second half to secure a fifth consecutive victory for the
Turin side against lowly Cagliari on Saturday.
LAZIO LAZI.MI
Lazio and AS Roma played out a 0-0 draw in Serie A on Sunday
as both sides missed opportunities in a fiery derby clash that
produced a flurry of yellow cards at the Stadio Olimpico.
BANCA GENERALI BGN.MI
Board meeting on Q3 results.
BF BFG.MI
Starts capital increase; ends on Nov. 30.
GROWENS GROWE.MI
Starts voluntary partial takeover bid on own shares; ends on
Dec. 6, unless extended.
LU-VE LUVE.MI
Board meeting on Q3 results (preliminary Q3 results released
on Oct. 10).
SECO IOT.MI
Board meeting on Q3 results.
DIARY
Rome, UNESCO Convention "Living Heritage, Civil Society and
Sustainable Development" starts (1400 GMT); ends on Nov. 14. On
Monday expected attendees include Chamber of Deputies Deputy
Speaker Sergio Costa, Foreign Minister Antonio Tajani.
Rome, Interior Minister Matteo Piantedosi attends
presentation of police's 2024 calendar (1700 GMT).
Rome, Banca Mediolanum BMED.MI CEO Massimo Doris gives
speech at la Sapienza University Economy department (1500 GMT).
Milan, "The global event for the finance community",
expected attendees include Economy Undersecretary Federico Freni
(0850 GMT); SACE CEO Alessandra Ricci (0900 GMT), Telecom Italia
(TIM) TLIT.MI CEO Pietro Labriola (1045 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/
($1 = 0.9362 euros)