The following factors could affect Italian markets on
Monday.
Reuters has not verified the newspaper reports, and cannot
vouch for their accuracy. New items are marked with (*).
POLITICS
Italy partially suspended passport-free Schengen travel
arrangements with Spain for one month and pushed for a meeting
of EU interior ministers following the influx of migrants in
Ceuta. Spain accused Italy of using the crisis for domestic
political consumption.
ECONOMY
July manufacturing PMI, expected 52.3 (0745 GMT).
Transport ministry releases July car registrations data.
(1600 GMT)
DEBT
Treasury state sector balance for July.
COMPANIES
(*) PRYSMIAN
The cable maker said on Monday it agreed to acquire
U.S.-based electrical products maker Atkore ( ATKR ) for $95 per
share in cash, giving the company an implied enterprise value of
around $3.8 billion.
BANCA MONTE DEI PASCHI, BANCO BPM,
INTESA SANPAOLO
(*) Monte dei Paschi di Siena is exploring alternative
options to fend off Intesa Sanpaolo's hostile takeover,
including a potential takeover of Banco BPM, after talks over a
"merger of equals" between the smaller lenders collapsed on
Friday, the Financial Times reported on Sunday.
Banco BPM on Friday abandoned efforts to seek a merger with
rival Banca Monte dei Paschi di Siena, after stepping in to help
it fend off a takeover bid by bigger peer Intesa Sanpaolo
.
Banco BPM's main shareholder, France's Credit Agricole
, said earlier it saw no value in a tie-up between the
two mid-sized banks and would prefer to combine its own Italian
unit with Banco BPM.
La Stampa newspaper reported on Sunday that the government
plans to sell its remaining stake in Monte dei Paschi by the end
of September, before Intesa's takeover bid enters a crucial
phase.
(*) MONTE DEI PASCHI, INTESA SANPAOLO, UNICREDIT
, UNIPOL, BPER
Antitrust concerns over Intesa's bid for smaller rival Monte
dei Paschi appear limited on the branch network front, while
closer scrutiny is expected in the insurance business, la
Repubblica's weekly supplement Affari & Finanza reported on
Monday. The report said "only minor adjustments" are expected to
the planned sale of 635 MPS branches to Unipol and BPER to
comply market-share caps. The regulator could require
safeguards to prevent information-sharing between Intesa and
Generali on the insurance business, the paper said.
According to Il Corriere's weekly supplement L'Economia,
Intesa Sanpaolo may sell 617 Monte dei Paschi branches to
UniCredit, on top of the 635 branches it already plans to sell
to Unipol.
(*) POSTE ITALIANE
The financial conglomerate said on Friday its share buy-back
programme would start on Monday.
(*) SAIPEM
The oil service company said on Friday that all applicable
waiting periods under the U.S. Hart-Scott-Rodino antitrust law
had expired for its planned merger with its Norwegian peer
Subsea7 and the companies are now allowed to complete
the transaction in the United States.
LEONARDO
The Italian defence group is continuing non-binding talks
with Germany's Rheinmetall on the possible sale of a
part of recently acquired Iveco Defence Vehicles, top executives
said on Friday.
TELECOM ITALIA
Italy's data protection authority said on Friday it had
fined the Italian phone group €9.52 million for several
violations of privacy and telemarketing regulations.
(*) DANIELI
The Italian iron and steel plant-maker said on Friday it was
contracted by France's GravitHy to proceed with initial basic
engineering for a new green DR GravitHy plant, as part of a €3
billion investment.
(*) THE ITALIAN SEA GROUP
The yacht maker, undergoing insolvency proceedings, said on
Monday it posted a net loss of €171 million in 2025 versus a €34
million profit a year earlier and would ask shareholders on
September 30 to approve a capital increase of up to €150
million.
(*) JUVENTUS
The Turin giants have signed Randal Kolo Muani from Paris St
Germain, the two clubs announced on Sunday as the France forward
returns to the Serie A side where he spent half a season on loan
last year.
Juventus also signed Bosnia and Herzegovina winger Kerim
Alajbegovic from Bayer Leverkusen for €30 million, the Serie A
club said on Sunday.
SALVATORE FERRAGAMO
Board meeting on first-half results, followed by conference
call.
DIARY
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
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/