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 .
POLITICS
Italy is working to adopt a tax on low-value postal packages from non-European countries, politicians said, as part of measures to protect its fashion industry from low-cost foreign imports mostly from China.
The European Union needs to adopt "strong and fast" rules against the invasion of cheap and unregulated products, Economy Minister Giancarlo Giorgetti said on Wednesday.
Italy will gradually increase its defence budget once out of a European Union excessive deficit procedure, its defence minister said on Wednesday, as the country prepares to comply with higher NATO spending targets.
DEBT
Treasury sells up to 8 billion euros in four BTP bonds. Subscriptions close at 1000 GMT.
COMPANIES
ASSICURAZIONI GENERALI MIL:G
(*) Italy's biggest insurer on Thursday reported double-digit profit growth for the first nine months, helped by its non-life business amid lower natural catastrophe claims.
Post results conference call at 1100 GMT.
Generali said on Wednesday it had appointed the head of its insurance business Giulio Terzariol as group deputy chief executive, weeks after investors critical of CEO Philippe Donnet boosted their influence at Generali.
UNICREDIT MIL:UCG
The Italian bank has drawn a line under its failed acquisition of Banco BPM, CEO Andrea Orcel said on Wednesday, adding investors should "not read too much" into its latest legal challenge against government-set terms for the offer.
UniCredit's accord with Europe's biggest fund manager Amundi EURONEXT:AMUN to oversee assets of the bank's clients can extend past its 2027 expiry only if the benefits are mutual, Chief Executive Andrea Orcel said on Wednesday.
POSTE ITALIANE MIL:PST
(*) The Italian postal service group reported an 8.5% rise in third-quarter operating profit, beating analyst expectations thanks to strong performance in its financial services business, the state-backed financial conglomerate said on Thursday.
Post results conference call at 0930 GMT.
(*) The group is expected to soon begin a gradual acquisition of a stake of up to 49% in payment services company PagoPA, daily la Repubblica reported.
(*) BANCA MONTE DEI PASCHI DI SIENA MIL:BMPS
The Italian lender has submitted proposed changes to its bylaws to the European Central Bank (ECB) for a review, daily MF reported on Thursday. The changes include the possibility of raising managers' pay and removing the current limit of three consecutive terms for board members, MF added.
(*) EDISON MIL:EDNR
Infrastructure fund F2i is considering buying a minority stake in the utility, la Repubblica reported on Thursday, as its parent company, French nuclear group EDF, is sounding out options, including a stake sale and an IPO.
(*) AZIMUT MIL:AZM
The Italian asset gatherer said in a statement issued at the behest of market watchdog Consob that a Bank of Italy inspection had highlighted significant shortfalls in its governance and organisational set-up, which are inadequate given the group's complex structure and prevent it from pursuing a planned business spin-off until the shortcomings are fixed.
FERRARI MIL:RACE
Pirelli MIL:PIRC Executive Vice Chairman Marco Tronchetti Provera said on Wednesday he expected Ferrari's upcoming first fully electric model to do well in Asia but not so much in Europe.
PIRELLI MIL:PIRC
Executive Vice Chairman Tronchetti Provera said on Wednesday an ongoing governance issue with its Chinese investor Sinochem SSE:600500 would come to a solution at a certain point in the future, as the Italian government has stated the tyremaker has to be free to develop its technology abroad, including in the United States. "Our Chinese friends have to act accordingly, and they will. I don't know when, Chinese have a different sense of time, but we will solve it," he said.
MFE-MEDIAFOREUROPE MIL:MFEA
German media group ProSiebenSat.1 XETR:PSM cut the upper end of its annual profit guidance on Wednesday, as it reported a fall in adjusted core profit for the third quarter on weak TV advertising sales. TV group MFE now holds over 75% of the Bavaria-based media group.
(*) IPO, BENDING SPOONS
The Italian tech company could list as early as next year, when it expects to double adjusted earnings after buying video streaming platform Vimeo and web portal AOL, its chief executive told Reuters.
GEOX MIL:GEO
The Italian shoe maker Geox said on Wednesday it forecasts a decline in 2025 full-year sales "in the high single-digit area" compared to 2024.
BASICNET MIL:BAN
The fashion group said on Wednesday it had agreed to buy Woolrich, an American producer of wool fabrics and outdoor clothing, from investment fund L-Gam for an enterprise value of 90 million euros.
TERNA MIL:TRN
Releases Q3 results, followed by conference call (1600 GMT).
ENEL MIL:ENEL
Releases Q3 results, followed by conference call (1700 GMT).
CUBE LABS MIL:CUBE
Capital increase ends.
DIARY
Economy Minister Giancarlo Giorgetti attends ECOFIN meeting in Brussels.
UniCredit MIL:UCG CEO Andrea Orcel gives speech at panel "When Uncertainty Is Certain: Strategies for Banks" at ECB forum on banking supervision in Frankfurt (1030 GMT).
Rome, Italy-Albania summit with Prime Minister Giorgia Meloni and Albanian Prime Minister Edi Rama (1030 GMT).
Consultancy group Pambianco holds 30th edition fashion summit online event "Thirty years of fashion, from designers to major groups. What future for the Made in Italy?" (0800 GMT); expected attendees Industry Minister Adolfo Urso, Meta NASDAQ:META Italian Country Director Luca Colombo, Zalando XETR:ZAL General Manager Southern Europe Eloisa Siclari and Prada Group HKEX:1913 Chief Information Officer Cristiano Agostini.
Bologna, municipalities association ANCI continues 42nd annual meeting (0800 GMT); ends on November 14. On Thursday expected attendees include Uber EMEA Mobility Vice President Anabel Diaz, Amazon NASDAQ:AMZN Italian Country Manager Giorgio Busnelli, Fastweb+Vodafone CEO Walter Renna, Industry Minister Adolfo Urso, A2A MIL:A2A Chairman Roberto Tasca, Engie EURONEXT:ENGI Italian Chairwoman and CEO Monica Iacono, Enel Group MIL:ENEL Italian Director Nicola Lanzetta, state-run power management agency GSE CEO Vinicio Mose Vigilante, EU Commission Executive Vice President Raffaele Fitto.
Milan, "Insurance Summit 2025" event (0830 GMT); expected attendees include insurers' association ANIA President Giovanni Liverani, Unipol MIL:UNI Chairman Carlo Cimbri, Assicurazioni Generali MIL:G Italian Country Manager and CEO Giancarlo Fancel.
((Milan newsroom, e-mail: ))
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