For a complete list of diary events in Italy please click on .
POLITICS The European Commission's proposal for a reform of the EU's fiscal rules is "definitely a step forward" but does not meet Italy's request to exclude some investments from budget deficit calculations, Italy's Economy Minister Giancarlo Giorgetti said on Wednesday. ECONOMY ISTAT releases April consumer and business confidence data (0800 GMT). Assogestioni releases March fund flows data (0900 GMT).
DEBT Treasury sells 2.0-2.5 billion euros of 3.40% BTP bonds due April 1, 2028; 4.5-5.0 billion euros of new 4.35% BTP bonds due Nov. 1, 2033; 1.0-1.5 billion euros of CCTeu bonds due Oct. 15, 2028. Subscriptions close at 0900 GMT.
COMPANIES
STELLANTIS Chrysler-parent Stellantis said Wednesday it is offering voluntary exit packages to 33,500 U.S. employees as it looks to streamline operations. The offers cover 31,000 U.S. hourly workers and about 2,500 salaried workers. Stellantis did not say how many total jobs it is looking to eliminate. It is also offering some employees in Canada voluntary buyouts.
ICCREA (NOT LISTED) The Italian unlisted cooperative banking group is awaiting by the end of May offers for its insurance business which it values at up to 950 million euros ($1.05 billion) in total, sources with knowledge of the matter said on Wednesday.
(*) SAIPEM The Italian oil services group said on Thursday it had signed a general license agreement with Mitsubishi Heavy Industry for carbon capture post-combustion.
(*)GENERALI Italy's top insurer has selected Rothschild and Mediobanca as advisers for the sale of its Tua Assicurazioni business, according to a source close to the matter.
(*)STMICROELECTRONICS European chipmaker reported better-than-expected first-quarter results on Thursday. The company's revenue jumped 20% year-over-year to $4.25 billion in the quarter, outperforming analysts' average estimate of $4.19 billion, according to IBES data from Refinitiv Eikon. A conference call on the results is scheduled at 0730 GMT.
(*)IREN The Italian utility has received 16 expressions of interest for the sale of 49% of its gas network, Il Sole 24 Ore daily said on Thursday, citing company chief Luca Dal Fabbro. According to the newspaper, the Australian fund Igneo, Edf Invest and Japan's Marubeni may be among the companies most interested.
(*)TENARIS The steel pipe maker said late on Wednesday it expected sales and margins to remain firm but gradually decline over the rest of the year, following a 75% increase in sales in the first quarter of 2023. Conference call on Q1 results (1300 GMT).
(*) TELECOM ITALIA (TIM) Italy's phone group has struck more favourable terms with Disney deal as part of Tim's rationalisation of its added content business, MF daily said on Thursday.
(*)UNICREDIT The bank said on Thursday it would launch an early reimbursment of a 1.25-billion-euro ($1.38 billion) AT1 bond on June 3.
(*) ENEL Italy's energy group has an unexpressed potential and "it could be worth twice as much" as its current capitalisation, Marco Mazzucchelli, the first name on the list of nominees submitted by the hedge fund Covalis for the renewal of Enel's board, told Corriere della Sera in an interview published on Thursday. The manager added that Enel should focus on its Italian and Spanish businesses.
INTESA SANPAOLO Italy's biggest bank said on Wednesday it had halved its gross exposure to Russia last year to 2.5 billion euros ($2.8 billion) of which 1.6 billion euros were loans to Russian customers.
(*)JUVENTUS Juve was eliminated from the Coppa Italia on Wednesday after losing its second-leg match away to Inter.
WEBUILD Annual general meeting (1300 GMT) and board meeting on Q1 results.
LOTTOMATICA Italian gambling company Lottomatica ends IPO (started on April 24).
FINECOBANK Annual and extraordinary shareholders' meetings (0900 GMT).
BRUNELLO CUCINELLI Annual and extraordinary shareholders' meetings (0800 GMT).
SAFILO GROUP Annual and extraordinary shareholders' meetings (0800 GMT).
SECO Annual and extraordinary shareholders' meetings (0800 GMT).
AZIMUT HOLDING Annual general meeting.
HERA Annual general meeting (0800 GMT).
ARNOLDO MONDADORI EDITORE Annual general meeting (0800 GMT).
DOVALUE Annual general meeting (0700 GMT).
RAI WAY Annual general meeting (0900 GMT).
UNIPOLSAI Annual general meeting (0830 GMT).
ENI Board meeting on Q1 results, press release on April 28).
PRADA Annual general meeting (1000 GMT).
DIARY London, Prime Minister Giorgia Meloni starts her visit; ends on April 28. On Thursday Meloni meets British Prime Minister Rishi Sunak. Rome, Ukrainian Prime Minister Denys Shmythal holds news conference at Foreign Press Association (0900 GMT). Rome, Chamber of Deputies examines and votes on Economic and Financial Document (DEF) (from 0730 GMT). Rome, Chamber of Deputies holds question time session; Economy Minister Giancarlo Giorgetti attending (1130 GMT). Rome, Foreign Minister Antonio Tajani speaks before Senate and Chamber of Deputies Foreign committees on the outcome of EU Foreign Affairs Council of April 24 (1215 GMT). Rome, Industry Minister Adolfo Urso speaks before state broadcaster RAI Supervisory Committee (0630 GMT). Rome, Labour Minister Marina Elvira Calderone speaks before Chamber of Deputies Culture Committee on proposed legislation on the introduction of teaching labour law and safety in the workplace in secondary schools (1100 GMT). Rome, Senate holds discussion on 2023 Economic and Financial Document (DEF) and the accompanying Report to Parliament (0800 GMT); Economy Minister Giancarlo Giorgetti attending (0830 GMT). Vatican City, Pope Francis receives Ukrainian Prime Minister Denys Shmythal (0700 GMT).
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:............................... ($1 = 0.9046 euros)
