Italy - Factors to watch on May 8
The following factors could affect Italian markets on Wednesday.
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
The head of Italian utility IREN and the president of the northwestern region of Liguria have been arrested on corruption charges, prosecutors in the port city of Genoa said on Tuesday.
ECONOMY
ISTAT releases March retail sales data (0800 GMT).
Bank of Italy releases April data on Target 2 liabilities and European Central Bank funding to Italian banks.
DEBT
Treasury continues offer of new six-year 'Btp Valore', BTP bond for retail investors only; ends on May 10, subject to early closure.
Orders totalled 6.6 billion euros ($7.1 billion) at the end of the first two days, drawing far less demand than a similar issuance in late February, Milan bourse data showed.
COMPANIES
UNICREDIT CRDI.MI
UniCredit raised its investor reward guidance for the year, and said it would pay out even more in the following two, after reporting much higher than expected quarterly net income on Tuesday.
BANCO BPM BAMI.MI
Italy's Banco BPM beat forecasts on Tuesday with a 40% annual rise in first-quarter net profit, as rising revenues and falling loan-loss provisions more than offset an increase in costs.
FERRARI RACE.MI
Ferrari's core earnings rose 13% in the first quarter helped by sales of models such as the 2 million-euro ($2.2 million) Daytona SP3 limited-series luxury car and a greater contribution from personalised vehicles.
CAMPARI CPRI.MI
Campari will seek further M&A opportunities after completing the buyout of French cognac house Courvoisier, the new head of the Italian drinks group said on Tuesday.
LEONARDO LDOF.MI
Defence and aerospace group Leonardo reported on Tuesday rising orders and revenue in the first quarter of 2024, both pushed by the state-controlled group's electronics and helicopter sectors.
(*) The group is waiting to see the impact of Boeing's BA.N recent troubles on production, which could cost the Italian firm some 50 million euros in 2024, the group's CEO said on Tuesday.
(*) MAIRE TECNIMONT MTCM.MI
The Italian engineering group said on Wednesday it had sold 0.7% of its ordinary shares through an accelerated bookbuilding procedure (ABB) at 7.28 euros per share. Maire sold the shares at the request of the beneficiaries of the long-term incentive plan 2021-2023.
(*) ENEL ENEI.MI
Its Spanish unit Endesa ELE.MC said on Wednesday that its first-quarter net profit fell more than expected as margins in its electricity and gas businesses shrank.
Niagara Energy, controlled by investment firm Actis, bought around 2.9 billion shares for $0.47 apiece, giving it a 92.35% stake in Enel's power-generating unit in Peru, Enel Generacion said in a statement to Peru's market regulator.
(*) BRUNELLO CUCINELLI BCU.MI
Levi Strauss LEVI.N has settled its lawsuit accusing the Italian luxury fashion brand Brunello Cucinelli of infringing its familiar, trademarked rectangular pocket tab.
A2A A2.MI
A2A said on Tuesday it acquired a majority shareholding in a solar venture, in a new step towards the construction of one of the largest photovoltaic plants in northern Italy.
(*) IPO, 2I RETE GAS
The gas supplier, controlled by infrastructure fund F2i, wants to speed up its IPO plans and is preparing some preliminary meetings with investors in June, daily MF reported on Wednesday. The aim is to list its shares on the Milan bourse between the third and fourth quarters of this year.
BPER BANCA EMII.MI
Board meeting on Q1 results, followed by conference call (1600 GMT).
TERNA TRN.MI
Board meeting on Q1 results, followed by conference call (1500 GMT).
INDUSTRIE DE NORA DNR.MI
Board meeting on Q1 results, followed by conference call (1400 GMT).
TOD'S TOD.MI
L Catterton's takeover offer on Tod's shares - started on March 25 - ends.
DIARY
Online event "Effective transition: new solutions for the energy of the future" (0900 GMT); expected attendees include Engie ENGIE.PA Italian CEO Monica Iacono, who delivers opening address (0900 GMT), Energy Services Manager (GSE) President Paolo Arrigoni (1005 GMT); Energy Authority (ARERA) President Stefano Besseghini gives speech (1035 GMT); Environment and Energy Security Minister Gilberto Pichetto Fratin delivers closing address (1045 GMT).
Rome, Prime Minister Giorgia Meloni meets NATO Secretary General Jens Stoltenberg (0930 GMT).
Rome, Prime Minister Meloni delivers closing address at conference "Everyone's Constitution. Dialogue on the Premiership" (1500 GMT).
Rome, Economy Minister Giancarlo Giorgetti speaksbefore Senate Finance Committee on the 'Superbonus' decree (0630 GMT).
Rome, Chamber of Deputies holds question time session (1300 GMT); Economy Minister Giancarlo Giorgetti attends.
Rome, European Affairs and National Recovery and Resilience Plan (NRRP) Minister Raffaele Fitto speaks before Chamber of Deputies EU Policy Committee on the effectiveness of EU policy implementation processes and the use of European structural and investment funds for the Country-system (1300 GMT).
Rome, Industry Ministry convenes meeting on Termoli gigafactory with representatives from trade unions, Molise Region, Labour Ministry, Stellantis STLAM.MI (0800 GMT).
Milan, Bocconi University holds "Influence, Relevance & Growth Conference" (0630 GMT); expected attendees include Bank of Italy Vice Governor Alessandra Perrazzelli, Milan Stock Exchange CEO Fabrizio Testa (0650 GMT); state railways Ferrovie Italiane (FS) CEO Luigi Ferraris (0750 GMT); illimity ILTY.MI CEO Corrado Passera (0900 GMT); JP Morgan CIB EMEA & Italy Chairman Vittorio Grilli (1000 GMT); state broadcaster RAI Chairwoman Marinella Soldi (1045 GMT); Enel ENEI.MI Chairman Paolo Scaroni (1130 GMT).
Milan, Morningstar DBRS Insights holds "Italian Asset-Backed Securities and NPL Markets" event (0730 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
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/
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