Italy - Factors to watch on July 31

The following factors could affect Italian markets on Thursday.

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

ISTAT releases June unemployment rate data (0800 GMT); July CPI flash data (0900 GMT); June producer prices data (1000 GMT).

COMPANIES

UNICREDIT CRDI.MI, BANCO BPM BAMI.MI

Economy Minister Giancarlo Giorgetti said on Wednesday that UniCredit's investments in Russian sovereign bonds through its local unit expose the group to the risk of possible international sanctions.

He added that Rome had acted to defend the national interest by imposing tough conditions on the lender's failed bid for Banco BPM through its so-called "golden powers" aimed at shielding key assets.

MEDIOBANCA

(*) The investment bank on Thursday reported record annual results and said it is considering bringing forward by a month a shareholder vote on its bid for private bank Banca Generali BGN.MI.

The bank, which last month unveiled a plan to return 4.9 billion euros ($5.61 billion) to shareholders over the next three years, said it is ready to launch a new 400-million-euro tranche of its share buyback programme.

Conference call at 0800 GMT.

(*) MEDIOBANCA, UNICREDIT, GENERALI GASI.MI, BANCA MPS BMPS.MI

A shareholders' meeting of Delfin, the holding company of the family of late entrepreneur Leonardo Del Vecchio, will vote on Thursday on a proposal to divest all non-core assets, while holding on to the stake in EssilorLuxottica ESLX.PA, Il Sole 24 Ore reported on Thursday.

NEXI NEXI.MI

(*) The payments group said on Thursday it posted a 3.7% rise in its second-quarter core profit, slightly above a company-provided consensus, and confirmed its guidance for 2025. Nexi's core profit (EBITDA) for the period totalled 482.3 million euros ($551.51 million), ahead of the consensus of 480 million euros.

Conference call at 0600 GMT.

FINECOBANK FNK.MI

(*) The fintech bank posted on Thursday a second-quarter net profit of 153.6 million euros ($175.7 million), down 11.3% from 164.2 million euros a year earlier. The bank also said its net financial income for the same period fell 15.8% to 153.7 million euros, due to lower interest rates.

Conference call with analysts at 0930 GMT and online news conference at 1230 GMT.

STELLANTIS STLAM.MI

A Dutch court said on Wednesday that diesel cars sold by Opel, Peugeot, Citroen and DS - all of them controlled by the Franco-Italian carmaker - in the Netherlands from 2009 contained software designed to cheat emissions tests.

Stellantis denied the accusations and said it was considering "appropriate next steps" to defend its interests.

LOTTOMATICA LTMC.MI

(*) The betting group on Thursday confirmed its guidance for 2025 after posting half-year revenues up 21% to 1.129 billion and total bets up by the same amount to 21.8 billion.

PRYSMIAN PRY.MI

(*) The cable maker on Thursday increased its full-year core profit and cash generation forecasts following its acquisition of U.S. connectivity device manufacturer Channell, after beating expectations for first-half results.

Media call at 0630 GMT and conference call with analysts at 0800 GMT.

IVECO IVG.MI/LEONARDO LDOF.MI

India's Tata Motors TAMO.NS will buy Iveco in a deal valued at 3.8 billion euros ($4.36 billion), the companies said on Wednesday, after the Italian truckmaker separately agreed to sell its defence business to Leonardo.

The aerospace and defence group said it agreed to buy the Iveco defence unit for an enterprise value of 1.7 billion euros ($1.95 billion). German defence group Rheinmetall later said it was in turn negotiating with Leonardo over potentially buying Iveco's military truck business.

Leonardo improved its 2025 guidance for orders, free cash flow and net debt, after posting "solid" results for the first six months of the year.

FINCANTIERI FCT.MI

The shipbuilder CEO said on Wednesday that the group will not suffer an impact from US tariffs on steel and alluminium mainly thanks to its flexibility.

GEOX GEO.MI

The group said on Wednesday it confirmed its guidance for 2025 results after reporting figures for the first six months of the year.

FERRARI RACE.MI

The group said on Thursday it had extended the term of Team Principal of Scuderia Ferrari Frédéric Vasseur - who joined at the beginning of 2023 - with a multiple-year contract who will serve as team principal for the upcoming Formula 1 seasons.

The group releases H1 results, followed by conference call (1200 GMT).

IPO - BRAGA MORO

Design and production of high-performance control and power electronics solutions for mission-critical infrastructures company, debuts on Euronext Growth Milan.

BANCA MEDIOLANUM BMED.MI

Conference call on H1 results (1430 GMT).

ENEL ENEI.MI

Releases H1 results, followed by conference call (1600 GMT).

PIRELLI PIRC.MI

Releases H1 results, followed by conference call (1630 GMT).

CAMPARI GROUP CPRI.MI

Releases H1 results, followed by conference call (1615 GMT).

SALVATORE FERRAGAMO SFER.MI

Releases H1 results, followed by conference call (1600 GMT).

MFE-MEDIAFOREUROPE MFEB.MI

Extraordinary shareholders' meeting (1300 GMT).

TENARIS TENR.MI

Conference call on H1 results (0600 GMT).

A2A A2.MI

Releases H1 results, followed by conference call (1415 GMT).

AZIMUT HOLDING AZMT.MI

Releases H1 results.

DIASORIN DIAS.MI

Releases H1 results, followed by conference call (1500 GMT).

INDUSTRIE DE NORA DNR.MI

Releases H1 results, followed by conference call (1400 GMT).

MAIRE MTCM.MI

Releases H1 results, followed by conference call (1530 GMT).

DIARY

ROME, Industry Minister Adolfo Urso to meet unions and representatives of the company to discuss Iveco sale. (1000 local/0800 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

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/