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Italy - Factors to watch on November 14
Italy - Factors to watch on November 14
About this update from Terna 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 .POLITICSPrime Minister Giorgia Meloni on Thursday vowed to relaunch a plan to detain migrants in Albania, a flagship initiative of her conservative government that has been blocked by judges.ECONOMYISTAT releases September foreign trade data (0900 GMT)Bank of Italy releases September data on public finances, state borrowing and debt.COMPANIES(*) STELLANTIS (STALM.MI)The ACC joint venture, backed by Stellantis, is close to "definitely giving up" plans for a gigafactory plant in eastern Italy, MF reported on Friday.ENEL MIL:ENELItaly's biggest utility on Thursday improved its guidance on full-year net income after reporting nine-month earnings marginally above market expectations. AZIMUT MIL:AZMShares in the Italian asset manager dropped as much as 17% on Thursday after it said an inspection by the Bank of Italy had found "significant governance and organisational shortcomings" at one of its units.Azimut Chairman Pietro Giuliani said he was confident that Bankitalia's concerns will be overcome quickly, speaking in an interview with daily MF. If so, he added, a green light for the establishment of new fintech bank Tnb will arrive in the second quarter of 2026.(*) Azimut Chief Executive Giorgio Medda said findings by the Bank of Italy on Azimut Capital Management were part of an ordinary oversight process and that "indications received are fully manageable", in a statement on Friday. He added that the company had already bought back 350,000 shares on Thursday and that management would also begin purchasing shares in a sign of confidence in the group's strategy.(*) WEBUILD MIL:WBDThe country's largest construction company said on Friday it had secured 9.3 billion euros ($10.9 billion) worth of new orders so far in 2025, and confirmed its guidance for the full year.TERNA MIL:TRNThe Italian state-controlled power grid operator on Thursday reported a 7% rise in nine-month core profit (EBITDA) to 2.03 billion euros ($2.4 billion), boosted by investments in the energy transition and grid efficiency.(*) FINCANTIERI MIL:FCTThe shipbuilder and Albania's Kayo will build seven vessels at the Pashaliman shipyard in Vlora as part of a bro...