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 .
ECONOMY
Bank of Italy releases April data on Target 2 liabilities and European Central Bank funding to Italian banks.
DEBT
Treasury announces sale of BTP bonds, with relative amounts to be auctioned on May 13.
COMPANIES
BANCO BPM MIL:BAMI
Banco BPM raised its 2025 guidance after a bigger-than-expected 38% rise in first quarter net profit driven by fee and trading income which more than offset the hit from lower interest rates, it said on Wednesday.
CEO Giuseppe Castagna said in a call with analysts that the bank sees room to explore other potential M&A opportunities if UniCredit MIL:UCG drops its takeover bid, adding however that the standalone path "is very satisfactory".
(*) BPER BANCA MIL:BPE
Italy's fourth-largest bank posted a 43.2% rise in first-quarter net profit on Thursday, driven by fee and trading income that more than countered a decline in net interest margin.
Conference call on Q1 results (0800 GMT).
GENERALI MIL:G, MEDIOBANCA MIL:MB, BANCA GENERALI MIL:BGN
Generali's board has "defined a process and a schedule of work" to assess Mediobanca's bid for Banca Generali, the insurance group said on Wednesday, without giving details. Generali is Banca Generali's controlling shareholder.
Mediobanca CEO Alberto Nagel met on Wednesday in Rome with Prime Minister Giorgia Meloni's chief of staff Gaetano Caputi to illustrate his bank's bid for Banca Generali, people familiar with the matter said.
(*) According to La Stampa, Nagel told the government that Mediobanca's deal for Banca Generali would result in a reshuffle of Generali's shareholders which could lead to the collapse of the planned partnership between the insurer and France's Natixis, which the government opposes.
(*) The Italian government is set to approve Mediobanca's bid for Banca Generali under "golden powers" rules, MF reported on Thursday.
(*) UNICREDIT MIL:UCG, BANCO BPM MIL:BAMI
Italy's Economy Minister Giancarlo Giorgetti may meet with bank CEO Andrea Orcel this week over UniCredit's bid for smaller rival Banco BPM, la Repubblica reported on Thursday.
(*) NEXI MIL:NEXI
The Italian payments group on Thursday posted a 7% rise in its first-quarter core profit, topping a company-provided consensus.
(*) PRYSMIAN MIL:PRY
The cable maker said on Thursday its core profit rose 28% in the first quarter of this year, partly due to the effect of the $4.2 billion Encore Wire's acquisition it completed last year.
Conference call with the press (0630 GMT) and with analysts (0800 GMT)
TELECOM ITALIA (TIM) MIL:TIT
Conference call on Q1 results (0900 GMT).
TIM posted on Wednesday a 5.4% rise in first-quarter core earnings, slightly below expectations, as debt edged higher and cash flow was negative.
STELLANTIS MIL:STLAM
Carmaker Stellantis will cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people, the Fiom-Cgil union said on Wednesday.
BANCA IFIS MIL:IF, ILLIMITY BANK (ILTY.MI)
Banca Ifis said on Wednesday that Italy's market regulator Consob had approved the offer document for its takeover bid on illimity, with an acceptance period from May 19 to June 27.
SAFILO MIL:SFL
The eyewear maker on Wednesday reported slightly higher sales and margins in the first quarter of 2025, saying it was keeping "a prudent and flexible approach" amid continued uncertainties on tariffs.
SAIPEM MIL:SPM
Ordinary and extraordinary shareholders' meetings (0900 GMT), savings shareholders' meeting (1030 GMT).
POSTE ITALIANE MIL:PST
Releases Q1 results, followed by conference call (1300 GMT).
RECORDATI MIL:REC
Releases Q1 results, followed by conference call (1400 GMT).
SNAM MIL:SRG
Releases Q1 results, followed by conference call (1400 GMT).
BANCA MEDIOLANUM MIL:BMED
Releases Q1 results, followed by conference call (1430 GMT).
LEONARDO MIL:LDO
Releases Q1 results, followed by conference call (1530 GMT).
ENEL MIL:ENEL
Releases Q1 results, followed by conference call (1600 GMT).
CAMPARI GROUP MIL:CPR
Releases Q1 results, followed by conference call (1615 GMT).
AZIMUT HOLDING MIL:AZM
Releases Q1 results.
BREMBO MIL:BRE
Releases Q1 results.
DIARY
Rome, President Sergio Mattarella chairs 'Supreme Defence Council' on EU rearmament plans (1500 GMT); Prime Minister Giorgia Meloni attends.
((Milan newsroom, e-mail: ))
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