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Italy - Factors to watch on May 15
Italy - Factors to watch on May 15
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 .ECONOMYBank of Italy releases March data on public finances, state borrowing and debt.COMPANIES (*) ENI MIL:ENI The energy group has entered exclusive talks with investment fund Ares Alternative Credit Management over the sale of a 20% stake in its renewable and retail arm Plenitude, it said on Thursday. (*) IVECO MIL:IVG The truck and bus maker said on Thursday it will press ahead with a plan to spin off its defence business while exploring interest from potential buyers for the unit.Conference call at 0900 GMT.PIRELLI MIL:PIRCThe tyremaker said on Wednesday that talks to try to mend relations with its largest shareholder, China's Sinochem SSE:600500, had ended without a breakthrough.ENEL MIL:ENEL, LEONARDO MIL:LDOThe power group, the defence company and Ansaldo Energia said on Wednesday they had set up Nuclitalia, a company focused on studying new-generation nuclear technologies. Enel will hold a 51% stake in the new company, Leonardo 10%.(*) MFE-MEDIAFOREUROPE MIL:MFEAGerman broadcaster ProSiebenSat.1 XETR:PSM, which is fending off a possible takeover by MFE, reported a 39% drop in first-quarter core profit and confirmed its 2025 outlook.(*) WEBUILD MIL:WBD The construction company said on Wednesday its new orders reached 5 billion euros year to date and confirmed its full-year guidance. RAIWAY MIL:RWAYThe CEO of the tower company, Roberto Cecatto, said on Wednesday that the analysis of a potential tie-up with rival EI Towers is ongoing, focusing on the industrial aspects and potential synergies.ACEA MIL:ACE, ITALGAS MIL:IGThe regional utility is considering bidding for the assets to be divested by gas distributor Italgas, its CFO said on Wednesday.SALVATORE FERRAGAMO MIL:SFER The luxury group reported on Wednesday a 1% decline in sales at constant exchange rates for the first quarter of the year, due to weak sales in the Asia Pacific region.LUXURY GROUPSSales of luxury goods worldwide are likely to fall between 2% and 5% this year, consultancy Bain & Co forecast on Wednesday, sharply downgrading its previous estimate for 0-4% growth and signalling further gloom for the sector after 2024's 1% drop.INTERPUMP GROUP MIL...