For a complete list of diary events in Italy please click on .
ECONOMY The Italian government's plan to reduce current income tax bands from four to three within two years got a hostile response from the trade unions on Tuesday, who argued it would mainly benefit the wealthiest. Bank of Italy releases January data on public finances, state borrowing and debt.
(*) TELECOM INDUSTRY Italian telecoms operator Wind Tre is planning to spin-off its network assets into a separate company as it resumed talks with Swedish private equity firm EQT over a potential sale, two sources familiar with the matter said.
BANKS Deposits with Italian banks shrank by 39.7 billion euros ($42.6 billion) in February as the country's businesses continued to reduce the excess funds they had precautionary stashed with lenders up to mid-2022, national banking lobby ABI said.
(*) The collapse of Silicon Valley Bank (SVB) "has no possibility of creating a systemic crisis in the U.S. or Europe", Gian Maria Gros-Pietro, the Chairman of Italy's biggest lender Intesa Sanpaolo told La Stampa daily.
Gros-Pietro also warned it would be a "serious mistake" for
the ECB to raise interest rates too much and said Italian banks
are healthy, having "increased all health indicators" in recent
years.
COMPANIES TELECOM ITALIA The phone group is expected on Wednesday to ask Italian state lender CDP and Australian fund Macquarie to improve their bid for its fixed network assets, four sources said on Tuesday.
INTESA SANPAOLO Retail deposits at the Italian bank are stable while rising interest rates are stoking competition to retain deposits of businesses and very wealthy individuals, the head of group treasury and finance at the Italian bank said on Tuesday. (*) The bank is not offering higher remuneration on its retail deposits and has only moved to pass on higher interest rates to its key corporate customers, its finance chief told investors on Tuesday according to a person who attended the meeting.
(*) TECHNOPROBE The Italian microelectronics company said on Wednesday it has regained "full availability" of the funds it held at failed U.S. lender Silicon Valley Bank (SVB).
(*) BANCA MONTE DEI PASCHI DI SIENA The board of the Italian lender said in a document filed ahead of the April 20 shareholders' meeting that current remuneration packages for board members are inadequate.
(*) LEONARDO The Italian defence group, Mitsubishi Electric, Leonardo UK and Elettronica have agreed to forge a closer business relationship and assess appropriate commercial and international operating models, readying the partners for the next stage of the Global Combat Air Programme, a joint statement said. JUVENTUS UEFA has requested additional information to Italian prosecutors on their inquiry over the Serie A club finances based on recent investigations, the European soccer governing body said on Tuesday, adding it had no further comments at this stage.
BANCA POPOLARE DI SONDRIO Credit ratings agency Scope said on Tuesday it had upgraded the Italian bank to "BBB" FROM "BBB-". Scope changed the outlook to "stable" from "positive".
(*) SANLORENZO The Italian yacht maker said on Tuesday that net revenues from sales of new yachts rose 26.4% year-on-year to 740.7 million euros in 2022, while adjusted core earnings were up 36.3% from 2021. In its 2023-2025 business plan, the company said it was targeting an high single-digit Compound Annual Growth Rate as well as investments of between 143-155 million euros over the three-year period.
ERG (*) The Italian renewable energy group posted adjusted core earnings of 537 million euros for 2022 and an adjusted net profit from continuing operations of 216 million euros. It also raised its 2022-2026 plan goals, targeting investments of 3.5 billion euros and a dividend of 1 euro per share over the period. Conference call on FY results (1000 GMT).
TERNA Presents "2023 Development Plan" with CEO Stefano Donnarumma; energy authority ARERA President Stefano Besseghini delivers speech; Environment and Energy Security Minister Gilberto Pichetto Fratin delivers closing address (1000 GMT).
TELECOM ITALIA (TIM) Board meeting on FY results (preliminary FY results released on Feb. 14).
ENAV Board meeting on FY results, followed by conference call (1500 GMT).
SARAS Board meeting on FY results, followed by conference call (1500 GMT).
BRUNELLO CUCINELLI Board meeting on FY results (preliminary FY results released on Jan. 9) followed by conference call (1700 GMT).
SNAM Board meeting on FY results, press release on March 16.
DIARY UniCredit CEO Andrea Orcel gives speech at "Morgan Stanley Conference" online (0800 GMT). AIFI and PwC Italia hold "Presentation private equity and venture capital market annual data" with AIFI President Innocenzo Cipolletta, AIFI Director General Anna Gervasoni (1000 GMT). Rome, EU Affairs, South and PNRR Minister Raffaele Fitto speaks before Senate and Chamber of Deputies Budget committees on the report on the state of implementation of European and national cohesion policy '2014-2020 Planning' (1230 GMT). Rome, Chamber of Deputies holds question time session; Prime Minister Giorgia Meloni expected to attend (1400 GMT). Rome, government convenes trade associations and professional orders for a meeting on proposed income tax reform (0830 GMT).
Rome, Centro Studi Eutekne holds conference on "Building bonuses and discount and transfer options"; Economy Minister Giancarlo Giorgetti gives speech (1150 GMT). Rome, Industry Minister Adolfo Urso attends banking association ABI Executive Committee meeting (0900 GMT). Rome, during 'World Consumer Rights Day' Industry Undersecretary Massimo Bitonci attends event "Consumer Energy Transition"; Industry Minister Adolfo Urso delivers closing address (1130 GMT). Rome, 10th annual report presentation on 'Real estate market and energy efficiency'; expected attendees include national agency for technologies, energy and environment ENEA Energy Efficiency Department Unit Director Ilaria Bertini, banking association ABI Vice Director General ABI Gianfranco Torriero.
For Italian market data and news, click on codes in
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20 biggest gainers (in percentage)............ 20 biggest losers (in percentage)............. FTSE IT allshare index FTSE Mib index........ FTSE Allstars index... FTSE Mid Cap index.... Block trades.......... Stories on Italy...... For pan-European market data and news, click on codes in
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European Equities speed guide................... FTSEurofirst 300 index.............................. DJ STOXX index...................................... Top 10 STOXX sectors........................... Top 10 EUROSTOXX sectors...................... Top 10 Eurofirst 300 sectors................... Top 25 European pct gainers....................... Top 25 European pct losers........................ Main stock markets:
Dow Jones............... Wall Street report ..... Nikkei 225............. Tokyo report............ FTSE 100............... London report........... Xetra DAX............. Frankfurt market stories CAC-40................. Paris market stories... World Indices..................................... Reuters survey of world bourse outlook......... Western European IPO diary.......................... European Asset Allocation........................ Reuters News at a Glance: Equities............... Main currency report:...............................
