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Italy - Factors to watch on May 16
Italy - Factors to watch on May 16
About this update from Iren S.p.a.
The following factors could affect Italian markets on Friday.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 April CPI final data (0800 GMT); March foreign trade data (0900 GMT).COMPANIES (*) UNICREDIT, BANCO BPM MIL:BAMI The Italian government stood by the conditions it imposed on UniCredit's bid for Banco BPM in talks it had with the bank's top executives on Thursday, several Italian newspapers reported on Friday, adding that other meetings are expected to further discuss the matter. Separately, Il Messaggero said that UniCredit has asked market regulator Consob to put the bid on hold for a month in order to have more time to negotiate with the government. (*) IFIS MIL:IF, ILLIMITY (ILTY.MI) Illimity said on Friday that it deemed the offer by Ifis as "fair from a purely financial point of view", adding, however that it could not offer a complete evaluation of the bid due to the limited information provided by the offeror. (*) ENI MIL:ENI The energy group said on Friday it would launch its new share buyback program - for a maximum of 10% of its share capital - in the next days and that it would be carried out by April 2026. (*) IREN MIL:IRE The multi-utility is focusing on "making what we bought work well" but is still keeping an eye on any M&A opportunities with which it could create synergies, the group's chairman Luca Dal Fabbro told La Stampa in an interview published on Friday. TELECOM ITALIA MIL:TITMoody's on Thursday raised Italy's biggest telecoms group's credit rating by one notch to 'Ba2' with a stable outlook, citing expectations for a return to cash generation in the 2025-2026 period.PIRELLI MIL:PIRC A leading Chinese investor in Italian tyre maker said on Thursday a proposal the company had put forward to solve problems that having a Chinese shareholder pose for its U.S. expansion plans were "seriously unfair".UNIPOL MIL:UNIThe insurance group posted on Thursday a 18% rise in net profit to 285 million euros and a Solvency ratio of the insurance activities of 277%.Post results conference call (1000 GMT). INTERPUMP MIL:IPThe Italian high-pressure pump maker posted on Thursday a 7.9% fall in its first-quarter core profit (EBITDA), in line with its expectations, adding it sees its 2025 EBITDA marg...