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Italy - Factors to watch on October 1
Italy - Factors to watch on October 1
About this update from Prysmian 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 . ECONOMY September PMI manufacturing HCOB data (0745 GMT). Transport Ministry releases September car sales data (1600 GMT). September state sector borrowing requirement data. COMPANIES PIRELLI MIL:PIRC China's Sinochem is open to bids for its Pirelli stake - if the offer comes with a premium - after Italy's government said this week that the Chinese group was not breaching rules meant to protect the tyre maker's autonomy, sources close to the matter told Reuters on Tuesday. BANCO BPM MIL:BAMI Representatives of Credit Agricole EURONEXT:ACA have discussed with Italian government officials in recent weeks the conditions for a possible tie-up between the French bank's Italian unit and Banco BPM, two people close to the matter said. Credit Agricole executives met with the Rome officials after the bank sought supervisory clearance in July to own up to 29.9% of Banco BPM and used derivative contracts to increase its holding to just above 20%, one of the people said. (*) Credit Agricole has hired Matthieu Pigasse, a partner at Centerview Partners, and former Goldman Sachs executive Claudio Costamagna as advisers, Il Sole 24 Ore reported on Wednesday. (*) BANCO BPM MIL:BAMI Goldman Sachs cut its stake in the Italy's third-largest bank to 5%, including around 4.9% via derivatives, on September 24 from 6.92%, a regulatory filing showed on Tuesday. MEDIOBANCA MIL:MB , MONTE DEI PASCHI DI SIENA MIL:BMPS Monte dei Paschi is expected to name JPMorgan banker Vittorio Grilli as the new Mediobanca chair, while Alessandro Melzi d'Eril, CEO of fund manager Anima Holding MIL:ANIM , is the lead candidate for the chief executive role, sources told Reuters. (*) MEDIOBANCA MIL:MB Goldman Sachs raised its stake in the Italian merchant bank to 6.65% on September 22 from 5.72%, a regulatory filing showed on Tuesday. (*) DIASORIN MIL:DIA The Italian medical diagnostic group is set to invest around 500 million euros in its plants in Europe and the United States over the next five years, CEO Carlo Rosa was quoted as saying by Il Corriere della Sera on Wednesday. BRUNELLO CUCINELLI MIL:BC Releases Q3 preliminary results (revenues), followed by conference call (1600 GMT). DIARY Prime Minister Giorgia Meloni attends informal EU summit in Copenhagen. Rome, European Affairs and the National Recovery and Resilience Plan (NRRP) Minister Tommaso Foti addresses Chamber of Deputies on the revision of investments and reforms included in the NRRP (0730 GMT). Rome, Chamber of Deputies holds "question time" session with Industry Minister Adolfo Urso (1300 GMT). Rome, Industry Minister Adolfo Urso attends institutional event "Digital technologies and AI for smart and sustainable mobility" (0830 GMT). Rome, Industry Minister Adolfo Urso chairs meeting on Iveco (1300 GMT); representatives from trade unions, the autonomous province of Bolzano, Emilia-Romagna and Veneto regions, Iveco MIL:IVG and Leonardo MIL:LDO have been invited. Milan, "Italian Energy Summit 2025" starts (0700 GMT); ends on October 2. On Wednesday expected attendees include Environment and Energy Security Minister Gilberto Pichetto Fratin, Eni MIL:ENI CEO Claudio Descalzi, Prysmian MIL:PRY CEO Massimo Battaini, Snam MIL:SRG CEO Agostino Scornajenchi, A2A MIL:A2A CEO Renato Mazzoncini, Hera MIL:HER Group Executive Chairman Cristian Fabbri, Saipem MIL:SPM CEO Alessandro Puliti, Acea MIL:ACE CEO Fabrizio Palermo, Iren MIL:IRE Chairman Luca Dal Fabbro, ERG MIL:ERG CEO Paolo Merli, Terna MIL:TRN CEO Giuseppina Di Foggia, European Investment Bank (EIB) Vice President Gelsomina Vigliotti. ((Milan newsroom, e-mail: )) For Italian market data and news, click on codes in brackets: 20 biggest gainers (in percentage)(.PG.MI)20 biggest losers (in percentage)(.PL.MI) FTSE IT allshare index FTSE:ITLMS FTSE Mib index .FTMIB FTSE Allstars index... FTSE:ITSTAR FTSE Mid Cap index (.FTITMC)Block trades (.BLK.MI)Stories on Italy (IT-LEN) For pan-European market data and news, click on codes in brackets: European Equities speed guide(EUR/EQUITY) FTSEurofirst 300 index FTSE:E3X DJ STOXX index TVC:SXXP Top 10 STOXX sectors(.PGL.STOXXS) Top 10 EUROSTOXX sectors(.PGL.STOXXES) Top 10 Eurofirst 300 sectors(.PGL.FTEU3S) Top 25 European pct gainers(.PG.PEUR) Top 25 European pct losers(.PL.PEUR) Main stock markets: Dow Jones DJ:DJI Wall Street report Nikkei 225 TVC:NI225 Tokyo report FTSE 100CURRENCYCOM:UK100 London report Xetra DAX XETR:DAX Frankfurt market stories CAC-40 EURONEXT:PX1 Paris market stories World Indices(0#.INDEX) Reuters survey of world bourse outlook(EQUITYPOLL1) Western European IPO diary(WEUIPO) European Asset Allocation Reuters News at a Glance: Equities Main currency report: