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Italy - Factors to watch on July 26



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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

ISTAT releases July consumer and business confidence data (0800 GMT) and Q2 wage inflation data (0900 GMT).


DEBT

Treasury sells 6.0 billion eurosin 6-month BOT bills. Subscriptions close at 0900 GMT.

On Thursday it said it will sell up to 9.25 billion euros over 4 bonds at a July 30 auction.


COMPANIES


ENI ENI.MI

(*) The energy group said on Friday its second-quarter adjusted net profit fell 21% year-on-year, but beat market expectations thanks to a stronger than anticipated performance at its upstream and Gas & LNG divisions.

(*) Malaysia's state energy firm Petroliam Nasional Berhad (Petronas), Eni unit Enilive, and Japanese company Euglena Co 2931.T have reached a final investment decision to develop a biorefinery in Malaysia, the companies said on Friday.

The group on Thursday approved the first tranche of the 2024 dividend for 0.25 euros per share.

Conference call on H1 results at 1200 GMT.


ENEL ENEI.MI

The utility said on Thursday it would pay a dividend on its 2024 results above the group's planned floor, after reporting a 9% rise in its first-half core profit.

In slides ahead of a post-results analyst call, the group said it had completed its disposal plan with 5 billion euros cashed in the second quarter this year.

The group added it would start a buyback for up to 2.9 million shares, from Sept. 16 to Dec. 16.

Spanish power utility Endesa ELE.MC, controlled by Enel, said on Thursday it has sold to Abu Dhabi's Masdar a 49.99% stake in the company controlling its solar power installations in Spain for 817 million euros ($887.10 million).

STELLANTIS STLAM.MI

Italy's industry ministry is assessing whether golden powers aimed at shielding strategic assets can be used for the carmaker's sale of its majority stake in robotic unit Comau to One Equity Partners, it said in a statement on Thursday.


(*) LEONARDO LDOF.MI

The state-controlled defence group and France's Airbus AIR.PA are discussing ways to strengthen collaborations and industrial synergies, Chief Executive Roberto Cingolani told financial daily Il Sole 24 Ore in an interview published on Friday.


UNICREDIT CRDI.MI

The lender said on Thursday it was dropping some elements in its application to the European Court of Justice against a European Central Bank (ECB) request to cut the Italian bank's Russia exposure.

SNAM SRG.MI

The gas grid operator announced on Thursday a deal with EDF's Italian unit Edison EDNn.MI on gas storage assets with a base price of around 560 million euros ($608.05 million).


WEBUILD WDB.MI

The construction group on Thursday posted upbeat results for the first half of 2024, with a record order backlog and growing revenue.


TELECOM ITALIA TLIT.MI

Vivendi Chief Executive Arnaud de Puyfontaine said on Thursday he was not aware that telecoms group Iliad had expressed any interest in the French media group's stake in Telecom Italia (TIM).

TERNA TRN.MI

Board meeting on H1 results, followed by conference call (1500 GMT).


GO INTERNET GO.MI

BID-GO Srl ends full mandatory takeover offer on Go Internet shares.


(*) M&A

The head of eyewear company EssilorLuxottica ESLX.PA said Meta META.O had informed him that it might take a stake in the company, adding on Thursday that he would welcome such a step.


DIARY

Economy Minister Giancarlo Giorgetti and Bank of Italy governor Fabio Panetta attendG20-G7 Financeministerial meeting in Brazil (to July 27).

Rome, Prime Minister Giorgia Meloni attends presentation of "Single strategic plan special economic zone (SEZ)" (0930 GMT).

Rome, "Energy Independence by 2050 - The contribution of bioenergy" conference with Foreign Minister Antonio Tajani, Agriculture Minister Francesco Lollobrigida, Environment and Energy Security Minister Gilberto Pichetto Fratin (0730 GMT).

Rome, Cabinet meeting on competition law (0800 GMT).

Taranto, Industry Minister Adolfo Urso attends inauguration ceremony of "House of the Made in Italy" (1330 GMT); followed by press point.

Taranto, Industry Minister Adolfo Urso gives speech 10th trade union USB meeting (1830 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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