Italy - Factors to watch on Monday July 13
Italy - Factors to watch on Monday July 13 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 (*).
COMPANIES
(*) STELLANTIS STLAM.MI
The automaker reported on Monday a 10% rise year-on-year in second-quarter consolidated shipments, to 1.6 million units, mainly driven by North America and Enlarged Europe, and partially offset by lower volumes in South America and Middle East & Africa.
(*) LEONARDO LDOF.MI
Western allies will seek to secure more air-defence commitments for Ukraine when they meet in Paris on Monday, as shortages have left it increasingly exposed to Russian ballistic missiles, despite recent shifts in momentum on the battlefield.
One option under consideration was for different European nations to cooperate on a system that would complement the Franco-Italian SAMP-T air defence system and/or the U.S. Patriot interceptors and give Ukraine a significant role in production.
ENI ENI.MI
The global oil market will break out of its roughly $80-$100 range by the first quarter of 2027 at the latest, boosting inflation and reducing energy demand, if the Middle East conflict continues, Claudio Descalzi, the CEO of the Italian state-controlled group, said in an interview published on Saturday by Il Sole 24 Ore.
INTESA SANPAOLO ISP.MI, MONTE DEI PASCHI (MPS) BMPS.MI, BANCO BPM BAMI.MI, GENERALI GASI.MI
The lender said on Friday that JPMorgan would be the sole M&A and lead financial adviser on its offer for Monte dei Paschi.
MPS will assess all the offers made and has a duty to look for the best alternatives, CEO Luigi Lovaglio said on Saturday when asked about Intesa's takeover bid and Banco BPM's merger proposal.
Speaking at a public event in the province of Siena, Lovaglio said he would defend MPS' role as the top investor in Italy's biggest insurer: "we cannot ignore or react to those who want to conquer Generali."
(*) UNICREDIT CRDI.MI, FINECOBANK FBK.MI, BANCA GENERALI BGN.MI, BANCO BPM
UniCredit has three possible takeover targets in Italy, according to the L’Economia supplement of Corriere della Sera: Banca Generali, "mentioned in numerous market rumors," Banco BPM, and FinecoBank. "The latter is the most intriguing" and "from an industrial standpoint, a perfect fit," according to the supplement.
SAIPEM SPMI
The merger of the Italian energy contractor with Norwegian peer Subsea 7 SUBC.OL is set to face a full-scale EU antitrust investigation because of competition concerns about the deal, people with direct knowledge of the matter said on Friday.
JUVENTUS JUVE.MI
The Italian soccer club said on Saturday it had renewed its commercial partnership with the Japanese company Cygames until 2027.
M&A, SEGAFREDO ZANETTI
BC Partners and CVC are among buyout firms considering a potential bid for Italian coffee producer Segafredo Zanetti, as private equity fund QuattroR weighs the sale of its majority stake in the company, two sources close to the matter said.
DIARY
Italy's market watchdog Consob holds its annual meeting with the financial market in Milan.
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/
Recent news on Subsea 7
See all newsBrief: Italy's Saipem CEO confident on regulatory clearance for Subsea7 merger
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Subsea 7 says EU commission set to comment on Saipem tie-up (updated)
Subsea 7 says EU commission set to comment on Saipem tie-up
Vallourec gains on Sepia 2 contract for Brazil project