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Italy - Factors to watch on March 19

Published 19/03/2021, 06:45 pm
© Reuters.

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 .

GENERAL

Italy will resume using the AstraZeneca (NASDAQ:AZN) COVID-19 vaccine from Friday, Prime Minister Mario Draghi said, following a report by the European Medicines Agency which judged that its benefits outweighed risks. reported 423 coronavirus-related deaths on Thursday against 431 the day before, the health ministry said, while the daily tally of new infections rose to 24,935 from 23,059 the day before. way the public and institutions have dealt with the AstraZeneca vaccine has not been "serene", the president of Italian biotech firm IRBM, which is cooperating with the Anglo-Swedish drugmaker in developing the shots, said on Friday. Commission President Ursula von der Leyen called for a greater openness and reciprocity on vaccine exports, speaking about an ongoing row with Britain and the United States over vaccine deliveries. BANCA EMII.MI , UNIPOL GRUPPO UNPI.MI , BANCO BPM BAMI.MI

(*) The biggest investor in Italy's BPER Banca said on Friday a long-mooted merger with rival Banco BPM was not a option that could be assessed at present, after pushing for a change at the helm of BPER. which holds a 19% stake in BPER, said on Thursday the slate of nominees it will put forward to appoint new directors at BPER will not include any of the bank's current board members, paving the way for the replacement of CEO Alessandro Vandelli with Piero Montani, whose name will instead be on the list. POSTE ITALIANE PST.MI

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In its 2019-2024 business plan unveiled on Friday, the state-controlled conglomerate, sees its operating profit rising to 2.2 billion euros by 2024, helped by higher revenues which are set to reach 12.7 billion euros the same year. ENI.MI

The Italian energy group said on Thursday it had filed a request with prosecutors in Milan to pay 11.8 million euros ($14 million) to settle an investigation into oil permits in Congo Republic. said it would seek shareholder approval to restart a share buyback programme targeting up to 7% of the company's capital for a maximum outlay of 1.6 billion euros.

ENEL ENEI.MI

Europe's biggest utility Enel stuck to its targets for the year after beating expectations, pledging to expand its clean energy business to cut its carbon footprint TELECOM ITALIA TLIT.MI

A planned stake sale of up to 50% of fast broadband company Open Fiber to Australian infrastructure fund Macquarie will be certainly closed by year-end, the head of Italian utility Enel said on Thursday. LEONARDO LDOF.MI

The state-controlled defence gorup aims to sign more cyber security deals with European institutions after winning a digital contract with the European Parliament, the head of the defence group's cyber division said. MONDADORI MOED.MI

The group said on Thursday it had the financial resources to strengthen its core business by expanding into new segments in or adjacent to publishing, including through potential M&A deals. AS ROMA ASR.MI

AS Roma beat on Thursday Shakhtar Donetsk 2-1 for a 5-1 aggregate win.

(*) AEFFE AEF.MI

Core profits at the luxury group plunged 91.5% last year, as the virus crisis caused wholesale and retail revenues to drop in all countries where the fashion group operates, dragging margins down. WBD.MI

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Board meeting on FY results

INTERPUMP GROUP ITPG.MI

Board meeting on FY results (Q4 results on Feb. 12)

DIARY

Rome, Industry Minister Giancarlo Giorgetti receives French Economy Minister Bruno Le Maire (0945 GMT); followed by joint-news conference (1030 GMT)

Online event on sustainable mobility and innovation in the automotive sector with Mercedes-Benz Italian unit Chairman and CEO Radek Jelinek (1630 GMT)

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