Italy - Factors to watch on November 6
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.
ECONOMY
October services PMI HCOB data (0845 GMT).
COMPANIES
(*) UNICREDIT CRDI.MI
The Italian bank raised its profit outlook on Wednesday and said it would start paying out half of its net income to investors in cash from next year, after posting a higher-than-expected net profit for the third quarter.
The lender also said it had sped up the reduction of its Russia exposure in the third quarter, after turning to the European Court of Justice at the end of June to challenge supervisory demands over the pace of its disengagement from the sanctions-hit country.
The president of Unicredit's leading shareholder, banking foundation, Fondazione CRT, is in favour of the bank's move on Commerzbank, its president Anna Maria Poggi told daily Il Sole 24 Ore on Wednesday.
FERRARI RACE.MI
Core earnings rose 7% in the third quarter despite a small and calculated dip in car shipments aimed at facilitating an internal software transition.
However, Milan-listed shares in the company closed down by 7% on Tuesday, after Ferrari confirmed, rather than raise, the full-year forecasts it had provided in August.
INTESA SANPAOLO ISP.MI
Italy's data protection authority said on Tuesday Intesa Sanpaolo ISP.MI had underestimated the seriousness of a data breach incident involving thousands of customers, widely reported to include Prime Minister Giorgia Meloni.
STELLANTIS STLAM.MI
CEO Carlos Tavares has failed to confirm previously announced electrification plans for Maserati, Italian trade unionists said after meeting him on Tuesday, adding to concern about the loss-making luxury brand.
TELECOM ITALIA TLIT.MI
Telecom Italia CEO Pietro Labriola said in an interview with Blooomberg that he is committed to the phone carrier's turnaround plan, dismissing reports that he could resign.
DIASORIN DIAS.MI
The Italian medical diagnostics group DiaSorin on Tuesday posted a 6% jump in nine-month adjusted core profit to 292 million euros ($318.46 million) at constant exchange rates, and slightly lifted its 2024 revenue guidance.
POPOLARE SONDRIO BPSI.MI
(*) The Italian regional lender raised its net interest income(NII) for 2024 on Tuesday, after strong third-quarter results.
FINECOBANK FBK.MI
The bank on Tuesday forecast record revenues for this year and pledged to return a higher dividend per share on its 2024 results, as the online bank and brokerage expects higher commissions to boost its full-year performance.
INWIT INWT.MI
Italy's biggest mobile telecoms towers company on Tuesday forecast its full-year revenue at 1.03 billion euros ($1.12 billion), in the lower part of its previous guidance due to strong competition in the Italian market.
Conference call on Q3 results (0930 GMT).
LEONARDO LDOF.MI
The Italian defence group said on Tuesday it signed a framework agreement with Irish-based helicopter finance company GDHF for the additional supply of 10 AW198 offshore helicopters during the 2027-2029 period.
PRYSMIAN PRY.MI
The cable maker said on Tuesday it has been awarded significant batches of a three-year agreement for the supply of high voltage and extra high voltage underground cables for French electricity grid operator RTE.
POSTE ITALIANE PST.MI
Board meeting on Q3 results, followed by conference call (1400 GMT).
ANIMA HOLDING ANIM.MI
Board meeting on Q3 results, followed by conference call (1500 GMT).
TERNA TRN.MI
Board meeting on Q3 results, followed by conference call (1530 GMT).
BANCO BPM BAMI.MI
Board meeting on Q3 results, followed by conference call (1700 GMT).
ENEL ENEI.MI
Board meeting on Q3 results, followed by conference call (1700 GMT).
TENARIS TENR.MI
Board meeting on Q3 results.
UNIEURO UNIR.MI
Fnac Darty FNAC.PA and RUBY Equity Investment Sarl re-opening of voluntary public tender and exchange offer on Unieuro ordinary shares continues; ends on Nov. 8.
DIARY
Rome, The International Atomic Energy Agency (IAEA) and Italy as G7 Presidency hold inaugural ministerial meeting of the World Fusion Energy Group (WFEG) with IAEA Director General Rafael Mariano Grossi, Prime Minister Giorgia Meloni, Foreign Minister Antonio Tajani, Environment and Energy Security Minister Gilberto Pichetto Fratin; followed by Tajani press statements and joint press conference by Grossi and Pichetto Fratin (1230 GMT).
Rome, 7th edition 'OECD World Forum on Well-being' on "Strengthening well-being approaches for a changing world" ends; on Wednesday expected attendees include Economy Ministry Treasury Director General Riccardo Barbieri Hermitte, Mario Nava from EU Commission; plenary session with Economy Minister Giancarlo Giorgetti.
Rome, telecoms association (ASSTEL) holds 2024 Telecommunication forum "Connected for Italy - People, infrastructure and services for the Country's future" with Industry Minister Adolfo Urso, Labour Minister Marina Elvira Calderone, BT BT.L Italian CEO Andrea Bono, Huawei HWT.UL Italian Chairman Luigi De Vecchis, Vodafone VOD.L CFO Sabrina Casalta, Wind Tre CEO Gianluca Corti, Open Fiber CEO Giuseppe Gola, Telecom Italia (TIM) TLIT.MI CEO Pietro Labriola, Iliad Italian CEO Benedetto Levi, Ericsson Telecommunications ERICb.ST Italian Chairman and CEO Andrea Missori, Fastweb CEO Walter Renna, Cabinet Undersecretary Alessio Butti (0800 GMT).
Rome, event "The future is now" ends (1330 GMT) on Wednesday expected attendees include Acea ACE.MI CEO Fabrizio Palermo, Autostrade per l'Italia CEO Roberto Tomasi, Defence Minister Guido Crosetto, Fincantieri FCT.MI CEO Pierroberto Folgiero.
Rimini, 13th edition meeting on green economy ends (1000 GMT); Industry Minister Adolfo Urso attends opening plenary session.
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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