Business
Italy - Factors to watch on October 24
Italy - Factors to watch on October 24
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 .POLITICSItalian Economy Minister Giancarlo Giorgetti will ask the European Financial Services Commissioner for clarification on Friday over disciplinary steps the EU Commission is set to launch against the government, sources told Reuters.Italy's film industry, renowned for past masters such as Federico Fellini and more recently for Paolo Sorrentino's Oscar-winning "The Great Beauty", says its future is under threat from planned government cuts.DEBTTreasury ends offer of seven-year 'BTP Valore' bonds for the retail market.Treasury announces sale of 6-month BOT bills, with relative amounts to be auctioned on October 29.COMPANIES(*) ENI MIL:ENIThe Italian energy group said on Friday it would increase its share buyback by 20% after better-than-expected third-quarter results.Conference call due at 1200 GMT.(*) STELLANTIS MIL:STLAMCanada's Department of Finance said on Thursday it had sharply reduced tariff-free import quotas for the Franco-Italian automaker.(*) SAFILO MIL:SFLThe Italian eyewear company said on Friday it had submitted a non-binding offer to buy the Eschenbach Group and BoDe businesses of British peer Inspecs.FERRAGAMO MIL:SFERThe Italian luxury group posted a stronger-than-expected 1.7% rise in quarterly sales on Thursday, as it begins implementing turnaround measures while continuing its search for a new chief executive.FINCANTIERI MIL:FCTThe Italian shipbuilder on Thursday unveiled its first underwater drone system, as the group changes its product mix to give more space to the increasingly profitable submarine business.(*) AVIO MIL:AVIOThe Italian rocket maker will direct most of an upcoming capital hike to the development of a new U.S. facility, with the remaining funds aimed at boosting its European production capacity, its CEO told Reuters on Thursday.MAIRE MIL:MAIREThe Italian engineering group sees opportunities for signing M&A deals in Europe before the end of the year, its CEO Alessandro Bernini said on Thursday.BANCO BPM MIL:BAMICredit ratings agency Morningstar DBRS on Thursday upgraded the Italian bank's long-term deposit rating to 'A (low)'.INTESA SAN PAOLO MIL:ISPCredit ratings agency Morningsta...