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Italy - Factors to watch on March 2
Italy - Factors to watch on March 2
About this update from Iren S.p.a.
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 .ECONOMYItaly's Prime Minister Giorgia Meloni is poised for good news on Monday, when the national statistics agency is expected to certify that the budget deficit fell last year within the EU's 3% of gross domestic product ceiling for the first time since 2019.February PMI manufacturing HCOB data (0845 GMT).ISTAT releases year 2025 GDP, budget deficit and public debt data (0900 GMT).February state sector borrowing requirement data.DEBTTreasury starts offer of six-year bonds 'BTP Valore' due March 10, 2032 for the retail market; ends on March 6, unless early closure.COMPANIES(*) LEONARDO MIL:LDOBritain on Monday awarded a 1 billion pound ($1.35 billion)contract to the Italian defence contractor to build a new fleet of military helicopters, securing 3,300 jobs at the company's manufacturing site in Yeovil, southwest England.UNICREDIT MIL:UCGItaly's second-largest lender in January withdrew an appeal lodged with the European Union General Court against a European Central Bank request that it exit Russia, a document published on Friday showed.CEO Andrea Orcel's maximum remuneration for 2026 will remain in line with 2025 at 16.4 million euros, including a base salary of 4.15 million euros and up to 11.8 million euros in variable compensation payable entirely in shares over eight years, according to the bank's documents.BANCA MONTE DEI PASCHI MIL:BMPS, MEDIOBANCA MIL:MBShares in Monte dei Paschi di Siena and merchant bank Mediobanca fell sharply on Friday after the Tuscan bank presented a multi-year strategy for the combined group, unsettling investors with a lack of detail on the terms of the full merger.FINECOBANK MIL:FBKThe new strategy the Italian asset manager will unveil on March 4 will include guidance on the benefits of a greater use of artificial intelligence, Il Sole 24 Ore reported on Sunday. PIRELLI MIL:PIRCItaly is considering measures to curb Sinochem's influence in the Italian tyremaker, including sterilising the voting rights, transferring the Chinese stake to an Italian entity, or employing a blind trust, Il Sole 24 Ore daily reported on Saturday.Meetings are expected in Rome in coming days, with Pirelli's top ...