Italy - Factors to watch on November 12
Italy - Factors to watch on November 12 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
Economy Minister Giancarlo Giorgetti appears before Parliament for hearings on the 2027 budget (15.00 GMT)
DEBT
Italy's Treasury holds a bond auction for up to €7.25 billion.
COMPANIES
ENI ENI.MI
The Italian major's CEO Claudio Descalzi met UK Energy minister and vowed to invest around £11 billion in Great Britain.
SNAM SRG.MI
In a post-results conference call, Snam CFO Luca Passa said on Wednesday Italy's gas system is well positioned the winter.
The gas grid operator has signed an exclusivity agreement to sell its Agri Biomethane business to Italian fund F2i and biogas developer Femo Gas, Snam's finance and international asset management chief said on Wednesday, confirming an earlier report by Reuters.
(*) STELLANTIS STLAM.MI
The carmaker's historic Mirafiori plant in Turin is expected to operate for only two more weeks before year-end, with production set to stop again from early December, MF reported on Thursday. Total output at the production plant this year is seen at just above 50,000 cars, the report added.
A Stellantis spokesperson said temporary production stoppages at some Italian plants due to a supplier shortage of a component for the N3 GSE engine control unit could continue through November and December, while it works as a top priority to find alternative solutions and gradually restore normal operations, requiring week-by-week production planning.
BANCO BPM BAMI.MI
France's Credit Agricole CAGR.PA has signalled to Italy it would be open to a sale of fund manager Anima Holding ANIM.MI as part of the merger deal it has proposed with Banco BPM BAMI.MI, two people with direct knowledge of the matter said.
The fourth-largest Italian bank's board meets to discuss Credit Agricole's CAGR.PA merger proposal.
(*) Morgan Stanley on Thursday raised the rating of the lender to 'equal weight' from 'underweight'.
(*) Banco BPM's shareholder consultation pact, which groups banking foundations and holds about 6% of the lender, is due to meet on November 19 and is expected to discuss Credit Agricole's takeover proposal, several papers reported on Thursday.
AVIO AVI.MI
The Italian rocket maker posted a 13.3% rise in nine-month adjusted core earnings to €18.6 million ($20.77 million) on Wednesday, aided by progress in its US expansion and the finalizing of private equity Advent's €109.4 million investment.
TECHNOPROBE TPRO.MI
Italian semiconductor testing company lowered its 2026 revenue forecast on Wednesday to €1.05 billion - €1.07 billion ($1.17 billion - $1.19 billion) from a previous range of €1.05 billion - €1.10 billion.
WEBUILD WBD.MI, TREVI TFI.MI
Webuild said on Wednesday it had raised its stake in Trevi to 44%, giving an update on its ongoing takeover bid.
(*) THE ITALIAN SEA GROUP (TISG) TISGR.MI
SRI Global remains the sole bidder for the entire company after Azimut Benetti withdrew from a court-supervised bidding process, Il Sole 24 Ore reported on Thursday, adding the Italian holding company has offered €220 million for the yacht maker plus an extra €40 million for new investments. Separately Naples-based Palumbo group has presented a surprise bid after the deadline for the binding bids with court judges set to assess whether to admit it within the process or not, the report added.
POSTE ITALIANE PST.MI
(*) The financial group on Thursday said its third-quarter adjusted operating profit grew 6.3% to €910 million ($1.0 billion), topping a €866 million company-compiled consensus, driven by higher revenue and continued cost discipline.
The group will hold a post-results call at 1000 GMT.
(*) JUVENTUS FC JUVE.MI
The club said on Wednesday that it kicked off the preparatory activities in order to carry out a share capital increase, which is expected to run from November 16 to December 1. All other terms and conditions of the capital hike will be set by the board which will meet later on Thursday.
(*) SEIF SEIFT.MI
Hospitality entrepreneur Giuseppe Cipriani could be building a stake alongside investor Leonardo Maria Del Vecchio in SEIF, the publishing company that owns Italian opposition newspaper Il Fatto Quotidiano, Il Giornale citing past media reports. Del Vecchio already holds holding 2% of the company.
ENEL ENEI.MI, TERNA TRN.MI, FINCANTIERI FCT.MI, DIASORIN DIAS.MI
Release Q3 results.
DIARY
Deadline for non-binding bids for Catania Airport
Rome, Prime Minister Giorgia Meloni has invited the leaders of opposition parties to Palazzo Chigi for talks (0800 GMT).
Rome, Presentation of the third edition of the Ingenium Report, "The Gears of Supply Chains: Italian Capital Goods between Strategic Raw Materials, New Markets and Robotics" (0930 GMT)
Rome, Senior executives from Intesa Sanpaolo ISP.MI to be heard by the Senate Banking Committee.
Rome, parliamentary hearings of the Bank of Italy public finance watchdog UPB on the government's 2027 budget (1400 GMT)
Milan, Stellantis STLAM.MI CEO Antonio Filosa and Industry Minister Adolfo Urso attends ANFIA's 2026 Assembly(1215 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/