Italy - Factors to watch on July 22
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 (*).
For a complete list of diary events in Italy please click on IT/DIA.
POLITICS
Italian Prime Minister Giorgia Meloni said she would still be able to work with Ursula von der Leyen despite her Brothers of Italy party having voted against a second term for the German as head of the European Commission.
Meloni's decision not to back Ursula von der Leyen as European Commission chief was driven by fear of losing rightwing grassroots supporters, analysts say, but may curb her influence over EU choices.
DEBT
Treasury announces sale of BTP Short and BTPei bonds, with relative amounts to be auctioned on July 25.
COMPANIES
ENI ENI.MI
ENI CEO Claudio Descalzi met Congo Republic President Denis Sassou Nguesso in Brazzaville on Saturday, the company said.
Descalzi set out the successful launch of the Congo LNG project. With the second phase of the project, which will start at the end of 2025, gas exports from Congo will rise to 4.5 billion cubic metres per year.
They also discussed agri-feedstock production projects for bio-refining under way in the country.
Descalzi had met Nigeria's President Bola Tinubu on Friday to discuss new initiatives focused on energy transition, signalling a potential breakthrough in a long dispute over the OPL 245 oilfield.
STELLANTIS STLAM.MI
The automaker paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements for 2019 and 2020, and owes another $459.7 million in outstanding penalties, Reuters reported on Friday citing government documents.
UNICREDIT CRDI.MI
UniCredit wants to cut staff in its central offices and will send some employees into early retirement while offering others the chance to retrain and be moved to "more productive" roles, CEO Andrea Orcel told Il Messaggero on Sunday mentioning in particular the CFO office and human resources staff.
(*) LEONARDO LDOF.MI
The three nations involved in the Global Combat Air Programme (GCAP) – UK, Italy, and Japan – have unveiled a new concept model of the next generation combat aircraft at the Farnborough International Airshow, the defence group said in a statement on Monday. The combat aircraft is set to be in service in 2035.
FINECOBANK FBK.MI
Swiss insurer Zurich Insurance Group ZURN.S is studying a potential deal for Italy's FinecoBank FBK.MI, daily Il Messaggero reported on Saturday. Should Zurich decide to go ahead, KKR KKR.N and Advent International could form part of a consortium, the report added.
(*) FERRETTI YACHT.MI
Asked about potential interest in M&A, Chief Executive Alberto Galassi was quoted as saying: "We will spend our cash, we are waiting for the right opportunity," by L'Economia - Corriere della Sera on Monday. He added that the group has no debt and that new investors are interested in the company as "it is worth exponentially more than its market capitalisation".
(*) MAIRE MTCM.MI
Unit Nextchem, through its subsidiary Stamicarbon, has been selected by China's Linguu Chemical Co. to provide the licensing and process design package to improve the energy efficiency of an existing urea plant in China with an overall capacity of 3,100 metric tonnes per day, the group said on Monday.
(*)BUZZI BZU.MI
JP Morgan on Monday cut the group's shares to 'Underweight' from 'Neutral'.
GO INTERNET GO.MI
BID-GO Srl reopens full mandatory takeover bid on Go Internet shares; ends on July 26.
(*) ITA (not listed)
The Italian carrier expects its revenues to exceed 4 billion euros ($4.35 billion) in 2025, earlier than forecast, its chairman was quoted as saying by Corriere della Sera on Sunday, after it reorganises operations under an agreement to sell part of the business.
(*) FASHION
Italian fashion house Dolce&Gabbana is ready to consider opening up its capital to new investors either through a listing or other financial instruments, its chief executive said on Monday.
DIARY
Rome, Prime Minister Giorgia Meloni meets European Council President Antonio Luis Santos da Costa (0830 GMT), attends policymakers' meeting on Italy's Recovery and Resilience Plan (NRRP) (1430 GMT).
Rome, Cabinet meeting 1530GMT).
Rome, Iren IREE.MI holdsnews conference to present newhub for the recovery of raw materials and precious metals with Chairman Luca Dal Fabbro, Industry Minister Adolfo Urso(1400 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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