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Italy - Factors to watch on July 31
Italy - Factors to watch on July 31
About this update from Snam S.p.a.
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 .ECONOMYISTAT releases June unemployment rate data (0800 GMT); July CPI flash data (0900 GMT); June producer prices data (1000 GMT).COMPANIESUNICREDIT MIL:UCG, BANCO BPM MIL:BAMIEconomy Minister Giancarlo Giorgetti said on Wednesday that UniCredit's investments in Russian sovereign bonds through its local unit expose the group to the risk of possible international sanctions.He added that Rome had acted to defend the national interest by imposing tough conditions on the lender's failed bid for Banco BPM through its so-called "golden powers" aimed at shielding key assets.MEDIOBANCA(*) The investment bank on Thursday reported record annual results and said it is considering bringing forward by a month a shareholder vote on its bid for private bank Banca Generali MIL:BGN. The bank, which last month unveiled a plan to return 4.9 billion euros ($5.61 billion) to shareholders over the next three years, said it is ready to launch a new 400-million-euro tranche of its share buyback programme.Conference call at 0800 GMT. (*) MEDIOBANCA, UNICREDIT, GENERALI MIL:G, BANCA MPS MIL:BMPSA shareholders' meeting of Delfin, the holding company of the family of late entrepreneur Leonardo Del Vecchio, will vote on Thursday on a proposal to divest all non-core assets, while holding on to the stake in EssilorLuxottica EURONEXT:EL, Il Sole 24 Ore reported on Thursday.NEXI (NEXI.MI)(*) The payments group said on Thursday it posted a 3.7% rise in its second-quarter core profit, slightly above a company-provided consensus, and confirmed its guidance for 2025. Nexi's core profit (EBITDA) for the period totalled 482.3 million euros ($551.51 million), ahead of the consensus of 480 million euros.Conference call at 0600 GMT.FINECOBANK (FNK.MI)(*) The fintech bank posted on Thursday a second-quarter net profit of 153.6 million euros ($175.7 million), down 11.3% from 164.2 million euros a year earlier. The bank also said its net financial income for the same period fell 15.8% to 153.7 million euros, due to lower interest rates.Conference call with analysts at 0930 GMT and online news conference at 1230 GMT.STELLANTIS MIL:STLAMA Dutch court said on Wednes...