Italy - Factors to watch on April 15
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
Leaders of the G7 nations condemned Iran's attack on Israel and said on Sunday they would work to try to prevent an "uncontrollable regional escalation" in the Middle East.
Italy, which holds the rotating presidency of the G7, had called a meeting of G7 heads after U.S. President Joe Biden pledged a coordinated diplomatic response to the unprecedented drone and missile attack launched overnight by Iran.
ECONOMY
Bank of Italy releases February data on public finances, state borrowing and debt.
BANKS
UNICREDIT CRDI.MI
The lender's shareholders voted on Friday to give CEO Andrea Orcel another three-year mandate and backed the remuneration policy that makes him one of Europe's best-paid bankers.
COMPANIES
TELECOM ITALIA (TIM) TLIT.MI
Small shareholder group ASATI, which says it represents investors having a combined stake of about 1% in TIM, has withdrawn its nominees for the TIM board and will back a slate of candidates put forward by the outgoing board at the AGM on April 23, a statement seen by Reuters showed on Sunday.
The former Italian phone monopoly signed a deal with trade unions on Friday to reduce the working hours of the group's employees.
The group will also launch by the end of April a planned exchange offer - envisaged in the offer by KKR for the company's fixed network assets - on a set of bonds it issued over the years, with a maturity from 2026 onwards, for a total of 8.5 billion euros, Corriere della Sera reported on Saturday.
(*) PRYSMIAN PRY.MI
The world's largest cable maker will acquire copper and aluminium electrical cable maker Encore Wire WIRE.O for an enterprise value of about 3.9 billion euros ($4.15 billion), the companies said on Monday.
PIRELLI PIRC.MI, BREMBO BRBI.MI
The recent increase in the stake held in the tyre maker and an investors' pact with brake maker Brembo, is not a first step in a change of the ownership structure of Pirelli but rather a way to grant the group "autonomy in the medium term", Pirelli's Marco Tronchetti Provera told Milano Finanza in an interview published on Saturday.
FINCANTIERI FCT.MI, LEONARDO LDOF.MI
Negotiations between the two groups over Whitehead Alenia Sistemi Subacquea (WASS) are at an advanced stage but are being slowed down due disagreements over the price of Wass and the outline of the group, the employees and the assets to be sold given the company is not independent but a unit of Leonardo, Milano Finanza reported on Saturday.
SAIPEM SPMI.MI
The energy contractor has received from ExxonMobil Guyana Limited and its Stabroek block partners the authorization to proceed with the execution of the Whiptail oilfield development project, situated in the offshore Guyana, at a water depth of approximately 2,000 meters, it said on Saturday. The contract value is between $750 million and $1.5 billion.
(*)RBC said on Monday it started coverage of the group with an "Outperform" rating and a target price of 3 euros.
(*) AZIMUT AZMT.MI
The group is in talks with four different banks, who are looking to expand in asset management and interested in investing in Azimut's new digital bank, Chairman Pietro Giuliani told Corriere della Sera's L'Economia in an interview published on Monday. "I am carrying out an auction not on price, which is extremely competitive, but on time, on speed of response," he said.
(*) SS LAZIO LAZI.MI
The club beat Salernitana 4-1 on Friday.
JUVENTUS FC JUVE.MI
Juventus' hopes of wining the Italian Serie A title ended after a 0-0 draw at city rivals Torino on Saturday.
DIARY
Verona, Prime Minister Giorgia Meloni expected to visit 56th edition of Vinitaly, international wine and spirits exhibition (0900 GMT).
Rome, Prime Minister Meloni chairs Cabinet meeting (1600 GMT).
Rome, Interior Minister Matteo Piantedosi to chair meeting of order and public security committee with police and intelligence chiefs after Iran's attack on Israel (1300 GMT)
Industry Minister Adolfo Urso's agenda for Monday, first national 'Made in Italy' day:
* in Rome attends ceremony of the stamp 'National Made in Italy Day' (0800 GMT); attends Italian luxury goods companies association Altagamma inauguration ceremony of the exhibition "The mirror of Italian excellence, a journey through Altagamma manufacturing" (0900 GMT); Leonardo Committee awards ceremony (1030 GMT); photo opportunity in front of the Vitruvian Man, chosen as the logo and symbol of 'National Made in Italy Day' (1200 GMT);
* in Milan attends ribbon-cutting ceremony for the exhibition "Design Italian Genius" (1430 GMT); event "Made in Italy Day" (1700 GMT); exhibition "Design Move" for the first 40 years of Technogym TGYM.MI (1630 GMT).
Rome, Foreign Minister Antonio Tajani delivers closing address at conference "The future of agriculture in Europe: the view of the European People's Party (EPP)".
Milan, Intesa Sanpaolo ISP.MI holds news conference to present "16th annual report on economy and finance of industrial districts" (0930 GMT); expected attendees include Chief Economist Gregorio De Felice; Chairman Gian Maria Gros-Pietro delivers closing address.
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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