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Italy - Factors to watch on October 30
Italy - Factors to watch on October 30
About this update from Iren S.p.a.
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 .POLITICSItaly has told the European Commission it is ready to make some changes to its so-called "golden power" rules aimed at shielding companies in strategic sectors, sources said, as the EU prepares disciplinary steps over the matter. (*) Italy's Court of Auditors on Wednesday refused to authorise a landmark government plan to build a bridge connecting Sicily to the mainland, casting serious doubt on the viability of the 13.5 billion euro ($15.7 billion) project.ECONOMYISTAT releases Q3 GDP preliminary data (0900 GMT); September unemployment rate flash data (1000 GMT); August industry sales data (1100 GMT).DEBTTreasury sells 4.0-4.5 billion euros 3.45% new BTP bonds due February 1, 2036; 2.5-3.0 billion euros 2.85% BTP bonds due February 1, 2031; 0.75-1.0 billion euros CCTeu bonds due October 15, 2031; 0.75-1.0 billion euros CCTeu bonds due April 15, 2032. Subscriptions close at 1000 GMT.COMPANIES(*) STELLANTIS MIL:STLAMThe automaker said on Thursday its revenue rose 13% year on year in the third quarter to 37.2 billion euros ($43.4 billion), mostly driven by its North American and European markets, its largest ones. The result is in line with an analyst consensus.Conference call at 1200 GMT.(*) ITALGAS MIL:IGEurope's largest gas distributor pledged on Thursday to invest 16.5 billion euros ($19 billion) in the next seven years as it focuses on the integration of recently acquired rival 2i Rete Gas and the modernisation of its network.Conference call at 1300 GMT.(*) UNICREDIT MIL:UCGThe Italian bank said on Thursday it had increased its stake in Alpha Bank ATHEX:ALPHA to 29.5% after receiving ECB authorization to acquire a direct stake of up to 29.9% in the Greek lender.(*) TENARIS MIL:TENThe steel pipe maker posted a surprise 2% rise in third-quarter net sales on Wednesday, as stable drilling activity in North America helped offset weakness in other regions, it but warned margins would be hit by the "full impact" of tariff costs.Conference call at 1400 GMT.(*) PRYSMIAN MIL:PRYThe cable maker raised its 2025 guidance on Thursday after strong performances in its transmission business and North America drove a 19.3% jum...