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 .
ECONOMY
ISTAT 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:TIT
Moody'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:UNI
The 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:IP
The 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 margin in a range of 22%-22.5%.
WEALTH MANAGEMENT
The Italian arm of Amundi EURONEXT:AMUN, Europe's biggest asset manager, plans to start talks with unions to take steps by the end of the year to shed jobs in the country and cut costs, a document showed on Thursday.
DIARY
Prime Minister Giorgia Meloni attends the 6th EPC-European Political Community summit in Tirana.
Rome, 'Group of Five' Defence ministers holds 4th meeting on strategic issues and Europe's security challenges, how to strengthen European defence and coordinated support for Ukraine with Defence Ministers from France, Germany, Italy, Poland and the United Kingdom (0630 GMT); followed by joint press conference (1245 GMT).
Rome, conference "Water right to life, strategies and perspectives" (1400 GMT); expected attendees include Environment and Energy Security Minister Gilberto Pichetto Fratin; Foreign Minister Antonio Tajani delivers closing address.
Milan, 3rd edition "Investopia Europe"; expected attendees include United Arab Emirates (UAE) Economy Minister and Investopia President Abdulla bin Touq Al Marri, Intesa Sanpaolo MIL:ISP Banca dei Territori division head Stefano Barrese, Economy Minister Giancarlo Giorgetti, Industry Minister Adolfo Urso.
((Milan newsroom, e-mail: ))
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