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Italy - Factors to watch on May 9
Italy - Factors to watch on May 9
About this update from Snam 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 .VATICANCardinal Robert Prevost was elected in a surprise choice to be the new leader of the Catholic Church on Thursday, taking the name Leo XIV and becoming the first U.S. pontiff.ECONOMYISTAT releases March industrial output data (0800 GMT); bulletin on the state of the economy in March and April (0900 GMT).DEBTTreasury sells 12-month BOT bills. Subscriptions close at 0900 GMT.COMPANIES(*) MEDIOBANCA MIL:MBThe Italian bank warned on Friday that risks linked to the hostile bid from Monte dei Paschi MIL:BMPS would increase with its proposed merger with Banca Generali >, after beating analyst estimates with its quarterly results.(*) Mediobanca approved the distribution of an interim dividend of 0.56 euros per share. Conference call (0800 GMT).(*) MONTE DEI PASCHI MIL:BMPSThe Tuscan lender on Friday posted a larger-than-forecast 24% rise in first-quarter profit as it pursues a hostile takeover of rival Mediobanca MIL:MB in the consolidation wave sweeping Italian finance.Conference call (0800 GMT).ENEL MIL:ENELThe Italian utility is focused on introducing a share buyback plan and negotiating an extension of its network licence in Italy, its top management said on Thursday after steady first-quarter results.LEONARDO MIL:LDOItaly's state-controlled defence and aerospace group reported a 12.2% jump in first-quarter EBITA to 211 million euros ($238.58 million) on Thursday, boosted by volume growth and increased profitability compared with the same period last year.Leonardo CEO Roberto Cingolani said in a post-results call with analysts that the company had found an industrial partner for its aerostructures unit, and had filed a non-binding offer with Germany's Rheinmetall for the defence business of Iveco Group. MIL:IVGCAMPARI MIL:CPRThe Italian spirits group posted a decline in revenue and adjusted operating profit in the first quarter, well below analysts expectations, but confirmed its outlook for this year and the medium term.STELLANTIS MIL:STLAM The carmaker has agreed with trade unions to implement up to 200 voluntary redundancies at its Termoli plant in central Italy, the company said on Thursday.(*) TELECOM ITALIA MIL:TI...