Italy - Factors to watch on May 12
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.
(*) POLITICS
Ukrainian President Volodymyr Zelenskiy is expected to meet Pope Francis in the Vatican on Saturday, diplomatic sources said on Thursday, days after the pope said the Holy See was involved in a peace mission to try to end the war between Russia and Ukraine.
ECONOMY
Fitch rating agency's scheduled review of sovereign debt rating on Italy.
COMPANIES
PIRELLI PIRC.MI
(*) Pirelli said on Thursday it expected Italy would conclude its review of governance agreements involving the holding in the tyre maker by China's Sinochem after early June, pushing it to further postpone the appointment of its new board.
PRYSMIAN PRY.MI
The world's largest cablemaker said its core earnings jumped 48% in the first quarter, beating estimates, as it continued to profit from global trends in energy transition and electrification.
UNIPOL GROUP UNPI.MI and UNIPOLSAI US.MI
(*) Italy's second-largest insurer UnipolSai reported on Friday a year-on-year 13.8% rise in first-quarter net profits lifted by higher insurance premiums, despite higher claims costs due to inflation.
Conference call (1000 GMT).
(*) ENEL ENEI.MI
The outgoing chief executive, Francesco Starace, is leaving the board of the group's Spanish unit Endesa ELE.MC.
ILLIMITY BANK ILTY.MI
(*) The Italian digital lender said on Friday its first-quarter net profit had halved to 7.8 million euros compared with a year earlier, hit by the mutual termination of a previous licence deal for the use of the bank's IT platform.
Conference call (0700 GMT).
ERG ERG.MI
(*) The Italian renewables group on Friday confirmed its guidance for core profits in 2023 but raised its full-year net financial debt forecasts to a range of 1.4-1.5 billion euros on the back of increased investments.
Conference call (0900 GMT).
RECORDATI RECI.MI
Italian drug maker benefited from strong demand in markets such as Turkey and Russia in the first three months of the year, its chief executive said on Thursday after the company lifted its annual revenue and profit targets.
GEOX GEO.MI
Italian shoemaker adopted a more cautious sales growth outlook for 2023, the group said on Thursday, as it recorded weaker reorders in its multi-brand channel in April and the first week of May.
DOVALUE DOVA.MI
(*) Italy's biggest debt recovery firm on Thursday raised its guidance for new contract intake in Southern Europe for 2023-2024 in spite of posting a net loss in the first quarter.
Conference calls on Q1 results (0830 GMT).
(*) JUVENTUS
Federico Gatti scored with a header seven minutes into added time to earn Juventus a 1-1 home draw against Sevilla in their Europa League semi-final first leg on Thursday.
BUZZI UNICEM BZU.MI
Board meeting on Q1 results and holds annual and extraordinary shareholders' meetings (0930 GMT).
LU-VE LUVE.MI
Board meeting on Q1 results (1030 GMT- preliminary Q1 results released on April 14).
RCS MEDIAGROUP RCSM.MI
Board meeting on Q1 results.
SABABA SECURITY SBBA.MI
HWG Group BidCo Srl ends full voluntary takeover offer on Sababa Security ordinary shares.
(*) IPO - FERALPI GROUP
The Italian steelmaker is sounding out investment banks to arrange a possible initial public offering (IPO), three sources familiar with the matter told Reuters.
(*) IPO - ITALIAN DESIGN BRANDS
Books for the company's IPO have been covered fully, including the greenshoe option, according to a bookrunner.
DIARY
Niigata (Japan), G7 finance ministers and central bank governors meeting continues; ends on May 13. Expected attendees include Economy Minister Giancarlo Giorgetti.
Rome, Air Force starts AeroSpace Power Conference (ASPC23) "The third dimension beyond 2023: reshaping space and time. 100 years of boundless and disruptive relevance of Air & Space Power" (0720 GMT); ends on 14 May. On Friday expected attendees include Defence Minister Guido Crosetto, Leonardo LDOF.MI CEO Roberto Cingolani, Boeing BA.N Chairman and CEO Ted Colbert, Lockheed Martin Corporation LMT.N International President Michael E.Williamson.
Rome, conference on birth rate crisis ends (0630 GMT), on Friday welcome addresses by Pope Francis and Prime Minister Giorgia Meloni; expected attendees Enel ENEI.MI Italian Director Nicola Lanzetta, Telecom Italia (TIM) TLIT.MI Chairman Salvatore Rossi, state lender (CDP) CEO Dario Scannapieco; Industry Minister Adolfo Urso via videoconference.
Catania, Industry Minister Adolfo Urso gives speech at business lobby Confindustria body of Catania (1300 GMT).
Siracusa, Industry Minister Adolfo Urso gives speech at business lobby Confindustria body of Siracusa (0830 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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