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Italy - Factors to watch on May 6
Italy - Factors to watch on May 6
About this update from Ferretti S.p.a.
The following factors could affect Italian markets on Wednesday.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 .ECONOMYApril services PMI HCOB data (0745 GMT).ISTAT releases March retail sales data (0800 GMT).COMPANIES(*) LEONARDO MIL:LDOThe aerospace and defence group reported a 33% year-on-year rise in first-quarter core earnings on Wednesday, driven by its defence electronics unit and despite a negative impact from exchange rates on U.S. components.(*) FERRETTI MIL:YACHTIndependent proxy adviser Glass Lewis on Tuesday urged shareholders in the yacht maker to back a slate of board candidates proposed by investor KKCG.(*) ENI MIL:ENILibya's Mellitah Oil, a joint venture between Italy's energy group and Libyan National Oil Company and Gas Company (NOC), has completed the manufacturing and assembly of units of the Bouri Gas Utilisation Project, aiming to utilise more than 120 million cubic feet per day of natural gas.(*) TELECOM ITALIA (TIM) MIL:TIT, INWIT MIL:INWItalian mobile mast company went to court last week against TIM's decision on the early termination of its long term service agreement, according to a source.(*) LOTTOMATICA MIL:LTMCThe betting firm on Wednesday reported 7% growth in its first-quarter adjusted core profit and forecast full-year earnings at the top end of its previously given outlook range of 940 million to 980 million euros ($1.10 billion to $1.15 billion).UNICREDIT MIL:UCGCommerzbank XETR:CBK CEO Bettina Orlopp said on Tuesday that it was "unusual" that UniCredit's offer to buy the German bank did not carry a premium but that Commerzbank was always willing to talk.EDISON MIL:EDNRQatarEnergy has notified its biggest Italian customer, Edison, that it would cancel two additional liquefied natural gas (LNG) cargoes, extending force majeure to early July, the Italian utility said on Tuesday.Releases Q1 results.AMPLIFON MIL:AMPThe hearing aid group reported a 6.7% rise in its first-quarter net profit on Tuesday and said it anticipates organic growth above 3% in 2026.BANCO BPM MIL:BAMIItaly's fourth-largest bank on Tuesday reported a higher than expected first quarter net profit, boosted by a surge in net fees that more the offset a decline in its lending income.The lender is well positioned to benefit from me...