(Alliance News) - On Wednesday, Piazza Affari remains stable on a bullish course, along with the other European stock exchanges, on a day poor in macroeconomic and corporate data.
Thus, the FTSE Mib is up 0.3 percent to 36,160.35, Mid-Cap is up 0.4 percent to 48,991.21, Small-Cap is in the green 0.1 percent to 28,187.08, while Italy Growth gives up 0.2 percent to 7,800.94.
In Europe, London's FTSE 100 is in the green by 0.3 percent, Paris' CAC 40 is up 0.7 percent, and Frankfurt's DAX 40 is up 1.1 percent.
On the highest-capitalization list in Piazza Affari, Prysmian remains at the top and accelerates, now rising 2.7 percent.
The company has decided to abandon its project in Brayton Point, Massachusetts, to build a plant dedicated to the production of cables for offshore wind farms, Il Sole 24 Ore reports.
DiaSorin follows, up 1.8 percent, after ending Tuesday's session at the top of the Mib.
Telecom Italia, up 1.7 percent, closes the podium.
Iveco Group, in the green by 1.3 percent. On the stock it is reported that Marshall Wace cut its short position up to 1.39 percent from 1.49 percent previously.
On Tuesday the company announced changes in the senior leadership team.
Snam - in the green by 0.7 percent - reported Wednesday that it had approved its new strategic plan to 2029, which features the largest investments in the company's history and amounts to EUR12.4 billion.
Eni - up 0.2% - on Wednesday announced the results of its voluntary offer to repurchase for cash, and subsequently cancel, all or part of its EUR1.5 billion perpetual hybrid bond with first call date in October 2025 and annual coupon of 2.625%.
When the terms of the offer expire, the amount accepted by Eni to repurchase the hybrid bond is EUR1.2 milliard or about 83% of the nominal amount.
UniCredit's takeover bid -- up 0.3 percent -- for Milan-based bank Banco BPM -- up 0.2 percent -- a is only a "starting point," CEO Andrea Orcel told Bloomberg on Tuesday.
UniCredit confirmed in November that it had made a share offer worth EUR10 billion for Italian rival Banco BPM, offering EUR0.175 UniCredit shares for each Banco BPM share.
Assicurazioni Generali -- which garners 0.3 percent -- and BPCE announced Tuesday that they have signed a non-binding Memorandum of Understanding to create a joint venture between Generali Investments Holding and Natixis Investment Managers. The two companies will each hold 50 percent, with equally balanced governance and control rights. This will create a champion with EUR1.9 trillion in assets under management, ranking ninth globally and leading Europe in revenues with EUR4.1 billion.
Stellantis is up 0.3 percent, after falling 1.5 percent on the eve of the meeting. The company's December sales fell in Europe, performing opposite to the European market, where registrations rose 5.1 percent.
As data from ACEA, the European Automobile Manufacturers' Association, showed Tuesday, the merged giant of PSA Groupe and Fiat Chrysler Automobiles posted a 6.7 percent drop from December 2023 and market share fell to 11.6 percent in December from 12.9 percent in the same month a year earlier.
Among the bearish, A2A gives up 0.6 percent, Campari is in the red by 0.9 percent, and Saipem retreats 1.3 percent, remaining at the bottom of the list.
On the Mid-Cap, LU-VE does best of all and rises 2.3%, followed by SOL and Reply, up 2.0% and 1.8%.
Banco di Desio e della Brianza - up 0.8 percent - announced Tuesday that it has signed an agreement with the European Investment Bank to finance innovative investments by Italian SMEs and midcaps.
The total credit line amounts to EUR200.0 million, with the aim of generating a total of EUR400.0 million in investments in the real economy.
Work intensifies on the merger between Rai Way - up 1.8 percent - and EI Towers, which is 60 percent owned by the F2i fund and 40 percent by MFE-MediaForEurope - class A shares rising 0.5 percent and class B shares giving up 0.6 percent.
At the bottom is ERG, in the red by 3.4 percent.
On the Small-Cap, Datalogic - up 0.9 percent - reported Tuesday that it had been awarded a contract worth more than EUR9 million and a major partnership with one of Europe's leading logistics operators, known for its significant presence in some of continental Europe's major countries in the parcel, postal and e-commerce sectors.
Dexelance - flat at EUR8.25 per share - announced Tuesday that its shareholders' meeting approved the engagement of EY to audit its sustainability reporting for fiscal years 2024-2026.
The assignment involves a fee of EUR59,500 for each financial year.
Gabetti Property Solutions - in the green by 1.1 percent - announced Tuesday that its board of directors has appointed Marco Speretta, former general manager, as a director by co-optation and new CEO.
Sabaf - in the green by 2.5 percent - reported Tuesday that it closed 2024 with normalized pre-consolidated sales revenues of EUR277 million, up 16 percent from the previous year.
Bestbe Holding's stock is up 9.5 percent. The company on Tuesday reported that 61,793 new shares with the same characteristics and rights as the already outstanding shares were issued to the bondholder Tenet Securities, resulting from the partial conversion of a total of 18 convertible bonds.
Equita Capital SGR, part of Equita Group rising 0.5 percent, announced Wednesday the signing of a binding agreement by Equita Green Impact Fund to acquire 75 percent of a photovoltaic portfolio belonging to Dominion.
The agreement, which includes four projects located in Sicily and Basilicata with an installed capacity of about 74 MW, is part of the fund's energy transition strategy.
Among SMEs, Circle -- in the green by 0.7 percent -- on Wednesday announced that it had signed a contract with a major Mediterranean port worth about EUR100,000.
As the company explained in a note, a first activity one concerns the completion of the integration of Port Community Services for the management of import and export cargo flows and a second the evolution of rail shunting, with the Rail Management Platform to support the scheduling of rail shunting operations.
Xenia Hotellerie Solution - in the red by 2.8 percent - presented on Wednesday its business plan to 2028 and its preliminary results for 2024, which saw revenues for the year stand at EUR57.2 million, registering a 14 percent increase from EUR50.2 million in 2023.
Ebitda was EUR2.5 million, down 46% year-on-year, a result impacted by extraordinary costs related to M&A and corporate reorganization.
Maps - up 0.3 percent - announced that it has been chosen by the Municipality of Velletri, in the province of Rome, to supply GZOOM VALUE GOVERNANCE, a solution developed by the Maps ESG Business Unit. The contract worth more than EUR100,000, has a three-year term.
TMP Group - gives up 0.6 percent - on Tuesday reported that it has signed a contract worth about EUR1.2 million to work alongside the Japanese office of a well-known international experience company to design and build a country pavilion at EXPO Osaka 2025.
Askoll EVA--up 16 percent--on Tuesday announced that it has appointed Lerrj Piazza as Sales & Marketing Director.
In Asia, the Nikkei closed up 1.6 percent at 39,646.25, the Shanghai Composite finished 0.9 percent in the red at 3,213.62, and the Hang Seng closed up 1.8 percent at 19,748.27.
In New York last night, the Dow advanced 1.2 percent, the Nasdaq closed in the green by 0.6 percent, and the S&P 500 up 0.9 percent.
Among currencies, the euro changed hands at USD1.0452 against USD1.0414 at Tuesday's European equities close. In contrast, the pound is worth USD1.2369 from USD1.2317 on Tuesday evening.
Among commodities, Brent crude is worth USD79.64 per barrel from USD79.47 per barrel at Tuesday's European stock close. Gold trades at USD2,759.85 an ounce from USD2,742.36 an ounce last night.
On Wednesday's economic calendar, US mortgage data will come out at 1300 CET.
At 1600 CET the US Predictive Index will come out while at 2230 CET weekly oil stocks are expected.
By Chiara Bruschi, Alliance News reporter
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