A day of volatility for Piazza Affari which, after a positive start to the day, clears the rises. In the morning, the Ftse Mib pushed close to the threshold of 27 thousand points and then sentiment (in Milan as in the rest of Europe) deteriorated and the main Milanese list ended the first session of the week at 26,551.02 points ( -0.64%). Uncertain movements in a week that will be dominated by the announcements of the number of central institutions, with the meetings of the Fed, ECB and BoE among the most anticipated given the key decisions they could take. A context in which concerns related to the spread of the Omicron variant also rise.
Among the stories of the day of the Ftse MIb there is Telecom Italia which canceled its gains in the afternoon (-0.2%), with investors focused on rumors relating to KKR’s future moves. According to an article in “La Stampa”, the US private equity fund intends to go ahead with its expression of interest, launching a takeover bid on Telecom Italia, even if the group’s board of directors tries to block its way. Which could, in fact, happen. In fact, the newspaper reported rumors “that next Friday Tim’s board could reject KKR’s request to perform a due diligence on the company, a four-week examination that the American fund, in its non-binding letter, had placed among the conditions to present the takeover bid on the telephone group “.
Positive movements for the financial sector with Banca Generali which closed at + 0.6%, while UniCreit fell by 0.6%. Share UniCredit remains special after the presentation of the “UniCredit Unlocked” strategic plan, which took place last Thursday, December 10, by CEO Andrea Orcel.
Among the worst in the list, Exor and Leonardo who lost 2.5% and 1.8% respectively. Weakness also for Nexi (-1.2%) who nevertheless kept the course above 14 euros. For the Italian paytech, today is the news of the birth of Nexi Digital, a European hub of technological innovation created in partnership with Reply, an Italian company leader in Europe in digital transformation and already a historic partner of Nexi. Nexi Digital will be a pole of digital excellence for the Nexi Group at a European level that will internalize strategic capabilities that are now outsourced to the company.
Low discounts for Italgas (-0.6%) after a departure from the rear of the Ftse MIb. Saturday night there was a serious accident in Ravanusa in the province of Agrigento due to a gas leak. The gas distribution concession is managed by Italgas which communicated the isolation of the network section affected by the explosion and the interruption of the gas flow. A spokesman for the company, recalled by Equita, also announced that there have been no reports of gas leaks to the toll-free number in the previous days.