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Italy - Factors to watch on May 14

Published 14-05-2021, 09:30 am
PRY
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CRDI
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LDOF
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UNPI
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BMPS
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ATL
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WBD
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US
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BLK
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GEO
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DIAS
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ERG
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ITPG
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CASS
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IF
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FCT
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WIZZ
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DOVA
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SICT
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The following factors could affect Italian markets on Thursday.

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

Prime Minister Mario Draghi has appointed diplomat Elisabetta Belloni as the head of Italy's spy agency, the first woman to lead the Department of Information Security (DIS). Trade Representative Katherine Tai said on Thursday that she believes solutions to trade disputes with the European Union on aircraft subsidies and steel and aluminum tariffs "are within reach." of Italy releases March data on public finances, state borrowing and debt.

COMPANIES

UNICREDIT CRDI.MI

UniCredit's largest investor BlackRock (NYSE:BLK) BLK.N voted against the remuneration package that last month turned the Italian bank's new boss Andrea Orcel into one of Europe's highest paid bank chiefs, a document showed on Thursday. UNPI.MI and UNIPOLSAI US.MI

Italy's second largest insurer reported a 46% rise in first-quarter net profit on Friday, lifted by results from its motor business and higher life insurance premiums. call on Q1 results (1000 GMT)

STELLANTIS STAL.MI

Stellantis Chief Executive Carlos Tavares said on Thursday each of the automaker's 14 car brands will receive funding over the next 10 years to prove themselves. ATL.MI

The Italian infrastructure group on Thursday reported a net loss in the first quarter and confirmed it would decide on the sale of its 88% stake in motorway unit Autostrade by June 11. Air WIZZ.L will open a base at Rome's Fiumicino airport in July to further expand its Italian network, the budget carrier said on Thursday. Italian proxy adviser Frontis Governance has joined bigger rival ISS in recommending investors in Atlantia back the offer for Autostrade submitted by state investor CDP and funds Blackstone (NYSE:BX) BX.N and Macquarie MQG.AX at the May 31 shareholder meeting, la Repubblica reported.

PRYSMIAN PRY.MI

Prysmian is close to a "very interesting" contract to develop a high-voltage underground network in the U.S., the Italian company's chief executive said on Thursday. FCT.MI

Italian shipbuilder Fincantieri on Thursday reported a 27.3% rise in first-quarter core profit to 101 million euros ($122.06 million) and confirmed its guidance for the full year. WBD.MI

The builder said on Thursday it won new orders worth 2.6 billion euros in the first quarter and confirmed its fully-year guidance pointing to 6.5-7.2 billion euro revenue. DOVA.MI

Italian debt recovery firm doValue reported on Thursday a 49% rise in first-quarter revenues thanks to the resumption of court activities to collect debt and the recent acquisition of doValue Greece. call on Q1 results (0830 GMT).

BANCA IFIS IF.MI

The lender said in Thursday that its net profit fell to 20.1 million euros in the first quarter from 26.4 million euros year ago. GEO.MI

Italian shoemaker Geox expects sales to grow at an almost double-digit rate by the end of June after revenues dropped 17.4% at constant exchange rates in the first quarter due to coronavirus-driven store closures and delivery delays. SICIT SICT.MI

Swiss agriculture group Syngenta Crop Protection and Italy's Valagro said on Friday they were dropping plans to launch a takeover bid for Italy's SICIT, following a due diligence phase. BANCA MONTE DEI PASCHI DI SIENA BMPS.MI

The Monte dei Paschi foundation, the former controlling shareholder in MPS, does not rule a possible accord to settle pending litigations but discussions need to be tabled first, Chairman Carlo Rossi told Radiocor news agency on Thursday.

UniCredit could be open to taking on the Tuscan assets of Monte dei Paschi and those located in northeastern Italy, while it would leave southern assets to state-owned MCC, la Repubblica reported on Friday.

INTERPUMP GROUP ITPG.MI

Board meetings on Q1 results.

CATTOLICA ASSICURAZIONI CASS.MI

Annual general meeting (0700 GMT)

ERG ERG.MI

The renewable energy group said it targeted a core profit of between 490-510 million euros up from a previous range of 480-500 million euros, after reporting an adjusted EBITDA of 161 million euros for the first quarter. presentation 2021-2025 business plan (1230 GMT)

ERG, TELECOM ITALIA

The two companies said on Friday they had signed a 10-year accord under which Erg would supply 3.4 Terawatt-hour in green energy to the Italian telecoms group.

DIASORIN DIAS.MI

Board meeting on Q1 results, followed by conference call on Q1 results (1500 GMT).

DIARY

G20 ends "2nd Education Working Group Meeting" via videoconference

"5G FED Conference" with Huawei Italian unit Chiarman Luigi De Vecchis, Sparkle CEO Elisabetta Romano (0730 GMT)

Webinar on "The new European strategy to strengthen cyber security", with European Parliament President David Sassoli, Interior Minister Luciana Lamorgese, European Space Agency (ESA) Director General Josef Aschbacher, Leonardo LDOF.MI CEO Alessandro Profumo, European Union Agency for Cybersecurity (ENISA) Executive Director Juhan Lepassaar, Italian Space Agency (ASI) President Giorgio Saccoccia, Department of Security Intelligence (DIS) Director General Gennaro Vecchione (0800 GMT)

Soccer national league Serie A holds meeting via videoconference to discuss 2021-2024 TV rights (1300 GMT)

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