The midweek session closes down for the main European stock exchanges, including Piazza Affari. After the recent rises and the start of a slight increase, the Ftse Mib index ended the day down by 0.96% to 24,298.66 points. The Milanese price list has not found an edge since the launch of Wall Street which has shown and is showing a certain weakness, paying for the escalation of tensions between Russia and the West. Especially after Vladimir Putin’s statements to countries that have launched sanctions against Russia following its invasion of Ukraine on February 24th. “We intend to switch to ruble payments in gas sales to non-friendly countries,” the Russian president said. Investors also look to the announcement by NATO Secretary General Jens Stoltenberg, who made it known that the alliance will deploy additional military forces in Bulgaria, Hungary, Romania and Slovakia.
In this scenario, oil prices are also rising again. An acceleration, that of crude oil, which supports the stocks of the oil sector in Piazza Affari. The star of the day on the Ftse Mib is Saipem (+ 7.2%) which takes advantage of the new acceleration in crude oil. However, press rumors about the financial support maneuver are also taking hold, which, according to what reported by “Il Sole 24 Ore”, should be around 1.5 billion euros around September-October in addition to 500 million subscribed by the guarantee consortium. In particular, the support scheme provides for the immediate injection of 650 million euros by the two shareholders (Eni and Cdp), while the remaining 850 million would be borne by the banks in the form of a loan guaranteed by Eni pending the Sace guarantee. for 70% of their intervention. “The capital increase is considerable. However, the prospects for E&P investments are improving, as suggested by the contract announced last Friday”, underline the analysts of Banca Akros who maintain the neutral recommendation on Saipem with a target price of 0.9 euro. . Tenaris and Eni also stand out among the big names in the sector, closing at + 2.8% and + 0.9% respectively.
Telecom Italia also showed a plus (+ 0.7%) after the new rumors reported today by Il Sole 24 Ore and by the Messaggero on a possible interest of the CVC fund for a part of the group. According to press sources, the English CVC fund would be interested in some of Tim’s activities.
Colorless session for Poste Italiane which scored a -0.1% on the day in which it released the results of 2021 which saw a record profit of 1.6 billion. Analysts also focused on the upward revision of the dividend.
In the rear, Hera (-3.6%) despite the growing 2021 accounts. In detail, the group saw revenues amounting to € 10,555.3 million (+ 49.1%) and the net profit attributable to shareholders rise by 10.2% to 333.5 million. Finally, a proposal for a dividend up to 12 euro cents per share (+ 9%).