Italy - Factors to watch on May 12

Erg SA

12/05/2023 05:00

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
 IT/DIA .
    
    ECONOMY
    Fitch rating agency scheduled review of sovereign debt
rating on Italy.
    
    COMPANIES
    PIRELLI  PIRC.MI  
    The tyre maker said its operating profit grew 8.6% in the
first quarter, as stronger pricing capacity and product mix, as
well as increased efficiency, helped it offset external
headwinds such as raw material inflation.
    
    PRYSMIAN  PRY.MI 
    The world's largest cablemaker said its core earnings jumped
48% in the first quarter, beating estimates, as it continued to
profit from global trends in energy transition and
electrification.
    
    RECORDATI  RECI.MI 
    Italian drug maker benefited from strong demand in markets
such as Turkey and Russia in the first three months of the year,
its chief executive said on Thursday after the company lifted
its annual revenue and profit targets.
    
    GEOX  GEO.MI 
    Italian shoemaker adopted a more cautious sales growth
outlook for 2023, the group said on Thursday, as it recorded
weaker reorders in its multi-brand channel in April and the
first week of May.
    
    ILLIMITY BANK  ILTY.MI 
    Releases Q1 results (before Bourse opening), followed by
conference call (0700 GMT).
    
    DOVALUE  DOVA.MI 
    Conference calls on Q1 results (0830 GMT).
    
    ERG  ERG.MI 
    Releases Q1 results, followed by conference call (0900 GMT).
    
    UNIPOL GROUP  UNPI.MI  and UNIPOLSAI  US.MI 
    Release Q1 results (before Bourse opening), followed by
conference call (1000 GMT).
    
    BUZZI UNICEM  BZU.MI 
    Board meeting on Q1 results and holds annual and
extraordinary shareholders' meetings (0930 GMT).
    
    LU-VE  LUVE.MI 
    Board meeting on Q1 results (1030 GMT - preliminary Q1
results released on April 14).
    
    RCS MEDIAGROUP  RCSM.MI 
    Board meeting on Q1 results.
    
    SABABA SECURITY  SBBA.MI 
    HWG Group BidCo Srl ends full voluntary takeover offer on
Sababa Security ordinary shares.
    
    DIARY
    Niigata (Japan), G7 finance ministers and central bank
governors meeting continues; ends on May 13. Expected attendees
include Economy Minister Giancarlo Giorgetti.
    Rome, Air Force starts AeroSpace Power Conference (ASPC23)
"The third dimension beyond 2023: reshaping space and time. 100
years of boundless and disruptive relevance of Air & Space
Power" (0720 GMT); ends on 14 May. On Friday expected attendees
include Defence Minister Guido Crosetto, Leonardo  LDOF.MI  CEO
Roberto Cingolani, Boeing  BA.N  Chairman and CEO Ted Colbert,
Lockheed Martin Corporation  LMT.N  International President
Michael E.Williamson.
    Rome, conference on birth rate crisis ends (0630 GMT), on
Friday welcome addresses by Pope Francis and Prime Minister
Giorgia Meloni; expected attendees Enel  ENEI.MI  Italian
Director Nicola Lanzetta, Telecom Italia (TIM)  TLIT.MI 
Chairman Salvatore Rossi, state lender (CDP) CEO Dario
Scannapieco; Industry Minister Adolfo Urso via videoconference.
    Catania, Industry Minister Adolfo Urso gives speech at
business lobby Confindustria body of Catania (1300 GMT).
    Siracusa, Industry Minister Adolfo Urso gives speech at
business lobby Confindustria body of Siracusa (0830 GMT).
    
    ((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/