Italy - Factors to watch on May 8

Brembo NV

08/05/2025 05:00

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 IT/DIA.

ECONOMY

Bank of Italy releases April data on Target 2 liabilities and European Central Bank funding to Italian banks.

DEBT

Treasury announces sale of BTP bonds, with relative amounts to be auctioned on May 13.

COMPANIES

BANCO BPM BAMI.MI

Banco BPM raised its 2025 guidance after a bigger-than-expected 38% rise in first quarter net profit driven by fee and trading income which more than offset the hit from lower interest rates, it said on Wednesday.

CEO Giuseppe Castagna said in a call with analysts that the bank sees room to explore other potential M&A opportunities if UniCredit CRDI.MI drops its takeover bid, adding however that the standalone path "is very satisfactory".

(*) BPER BANCA EMII.MI

Italy's fourth-largest bank posted a 43.2% rise in first-quarter net profit on Thursday, driven by fee and trading income that more than countered a decline in net interest margin.

Conference call on Q1 results (0800 GMT).

GENERALI GASI.MI, MEDIOBANCA MDBI.MI, BANCA GENERALI BGN.MI

Generali's board has "defined a process and a schedule of work" to assess Mediobanca's bid for Banca Generali, the insurance group said on Wednesday, without giving details. Generali is Banca Generali's controlling shareholder.

Mediobanca CEO Alberto Nagel met on Wednesday in Rome with Prime Minister Giorgia Meloni's chief of staff Gaetano Caputi to illustrate his bank's bid for Banca Generali, people familiar with the matter said.

(*) According to La Stampa, Nagel told the government that Mediobanca's deal for Banca Generali would result in a reshuffle of Generali's shareholders which could lead to the collapse of the planned partnership between the insurer and France's Natixis, which the government opposes.

(*) The Italian government is set to approve Mediobanca's bid for Banca Generali under "golden powers" rules, MF reported on Thursday.

(*) UNICREDIT CRDI.MI, BANCO BPM BAMI.MI

Italy's Economy Minister Giancarlo Giorgetti may meet with bank CEO Andrea Orcel this week over UniCredit's bid for smaller rival Banco BPM, la Repubblica reported on Thursday.

(*) NEXI NEXII.MI

The Italian payments group on Thursday posted a 7% rise in its first-quarter core profit, topping a company-provided consensus.

(*) PRYSMIAN PRY.MI

The cable maker said on Thursday its core profit rose 28% in the first quarter of this year, partly due to the effect of the $4.2 billion Encore Wire's acquisition it completed last year.

Conference call with the press (0630 GMT) and with analysts (0800 GMT)

TELECOM ITALIA (TIM) TLIT.MI

Conference call on Q1 results (0900 GMT).

TIM posted on Wednesday a 5.4% rise in first-quarter core earnings, slightly below expectations, as debt edged higher and cash flow was negative.

STELLANTIS STLAM.MI

Carmaker Stellantis will cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people, the Fiom-Cgil union said on Wednesday.

BANCA IFIS IF.MI, ILLIMITY BANK ILTY.MI

Banca Ifis said on Wednesday that Italy's market regulator Consob had approved the offer document for its takeover bid on illimity, with an acceptance period from May 19 to June 27.

SAFILO SFLG.MI

The eyewear maker on Wednesday reported slightly higher sales and margins in the first quarter of 2025, saying it was keeping "a prudent and flexible approach" amid continued uncertainties on tariffs.

SAIPEM SPMI.MI

Ordinary and extraordinary shareholders' meetings (0900 GMT), savings shareholders' meeting (1030 GMT).

POSTE ITALIANE PST.MI

Releases Q1 results, followed by conference call (1300 GMT).

RECORDATI RECI.MI

Releases Q1 results, followed by conference call (1400 GMT).

SNAM SRG.MI

Releases Q1 results, followed by conference call (1400 GMT).

BANCA MEDIOLANUM BMED.MI

Releases Q1 results, followed by conference call (1430 GMT).

LEONARDO LDOF.MI

Releases Q1 results, followed by conference call (1530 GMT).

ENEL ENEI.MI

Releases Q1 results, followed by conference call (1600 GMT).

CAMPARI GROUP CPRI.MI

Releases Q1 results, followed by conference call (1615 GMT).

AZIMUT HOLDING AZMT.MI

Releases Q1 results.

BREMBO BRBI.MI

Releases Q1 results.

DIARY

Rome, President Sergio Mattarella chairs 'Supreme Defence Council' on EU rearmament plans (1500 GMT); Prime Minister Giorgia Meloni attends.

((Milan newsroom, e-mail: reutersitaly@thomsonreuters.com))

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 .FTITLMS

FTSE Mib index........ .FTMIB

FTSE Allstars index... .FTSTAR

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...............................FTEU3

  DJ STOXX index.......................................STOXX

  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................DJI  Wall Street report ......N

  Nikkei 225..............N225  Tokyo report.............T

  FTSE 100................FTSE  London report............L

  Xetra DAX..............GDAXI  Frankfurt market stories.F

  CAC-40..................FCHI  Paris market stories....PA

  World Indices.....................................0#.INDEX

  Reuters survey of world bourse outlook.........EQUITYPOLL1

  Western European IPO diary..........................WEUIPO

  European Asset Allocation........................EUR/ASSET

  Reuters News at a Glance: Equities...............TOP/EQE

  Main currency report:...............................FRX/