(Alliance News) - On Monday morning, major European stock markets continued trading in positive territory -- except for the London Stock Exchange -- with Milan doing best of all, while Asian ones were closed for holidays.
Thus, the FTSE Mib is in the green by 0.8 percent to 31,407.21, as is the Mid-Cap to 45,539.63, the Small-Cap picks up 0.6 percent to 27,369.29, while Italy Growth rises 0.3 percent to 8,111.83.
In Europe, Paris' CAC 40 is in the green by 0.5 percent, London's FTSE 100 is in the red by 0.1 percent while Frankfurt's DAX 40 gains 0.5 percent.
On the Mib, Saipem takes the top spot and rises 5.4 percent. Brunello Cucinelli also does well, up 2.2%, followed by ERG, which closes the podium with a 2.0% gain.
Among the bearish performers are only Amplifon, in the red by 0.1 percent, and Mediobanca, down 0.7 percent. The bank reported Thursday that it closed the first half of its 2023-2024 fiscal year with net income up 10 percent to EUR611.2 million from EUR555.5 million in the same period a year earlier.
Net interest and other banking income rose 4.3 percent to EUR1.73 billion from EUR1.66 billion as of Dec. 31, 2022, with net interest income up to EUR996.5 million from EUR842.9 million a year earlier. Costs increased to EUR735.4 million from EUR690.9 million.
On the cadet segment, Saras gives up 5.0 percent after reporting that Massimo Moratti Sapa's Angel Capital Management Spa and Stella Holding Spa and Vitol BV, a Dutch company, have entered into a sale and purchase agreement under which the Moratti family has agreed to sell shares in Saras representing about 35 percent of the company's share capital to Vitol at a price of EUR1.75 per share.
The price per share implies a capitalization of Saras around EUR1.7 billion.
Tod's rises about 18 percent after the company and L Catterton announced Saturday that the Italian listed company's majority shareholders-Dego and Andrea Della Valle through their vehicles-have signed a framework agreement with Crown Bidco for the latter to buy 11.9 million shares at EUR43.00 each, or 46 percent of the share capital, aimed at delisting from the Italian stock exchange.
Crown Bidco's share capital is wholly owned by LC10 International AIV, a fund managed by affiliates of L Catterton Management, formed through a partnership between Catterton and LVMH.
Credito Emiliano -- in the green by 1.8 percent -- reported Thursday that it ended 2023 with a net profit of EUR562.1 million, which compares with a net profit of EUR326.1 million in 2022.
The sharp increase in net income prompted the bank's board to propose the distribution of an annual doubled dividend of EUR0.65 compared to EUR0.33 paid last year.
Cementir Holding rises 0.2 percent after reporting Thursday that it ended 2023 with revenues of EUR1.69 billion, down slightly from EUR1.72 billion in 2022.
Among smallcaps, Piquadro rises 1.9 percent after reporting Thursday that revenues for the first nine months rose to EUR131.5 million from EUR126.8 million in the same period a year earlier.
Mondo TV - up 2.0% - announced Wednesday that it had reached an agreement with Yamato Video for the distribution in Italy of some material from its library.
The board of Banca Sistema - in the red by 2.5 percent - on Friday approved the consolidated financial statements as of December 31, which closed with a net profit of EUR16.5 million compared to EUR22.0 million in 2022.
Net interest income, at EUR67.0 million, was down 22 percent year-on-year.
Among SMEs, Comal - in the green by 2.5 percent - announced Monday that it has signed a contract worth about EUR27.5 million with a leading Italian energy company for the turnkey, EPC-M supply of a photovoltaic plant in southern Italy.
The contract also includes the sale of the "SUN HUNTER" tracker, a proprietary product designed and manufactured by Comal in its Montalto di Castro factory.
Triboo -- in the red by 1.9 percent -- reported Friday that the board of directors found consolidated revenues and adjusted Ebitda for fiscal years 2023 and 2024 to be below the forecasts of the 2023-25 business plan, approved on March 15, 2023.
Specifically, preliminary management data as of December 31 forecast consolidated revenues of about EUR80 million with an adjusted Ebitda margin of about 12 percent, the company specified in a note.
Almawave--up 3.5 percent--reported Monday that it has obtained "prestigious certifications related to the use of Artificial Intelligence" in healthcare, a sector "that requires strict compliance with authorities' standards."
Almawave, over the past two years, has worked to obtain two prestigious certifications in the healthcare field-issued by the DNV certifying body-synonymous with authority and quality of offerings, it noted in a note.
In New York on Friday, the Dow closed in the red 0.1 percent to 38,671.69, the Nasdaq rose 1.3 percent to 15,990.66 and the S&P 500 finished in the green 0.6 percent to 5,026.61.
Among currencies, the euro changed hands at USD1.0776 versus USD1.0785 recorded at Friday's European stock close, while the pound was worth USD1.2617 from USD1.2631 on Friday evening.
Brent crude is worth USD81.37 per barrel versus USD81.51 per barrel at Friday's close. Gold, meanwhile, trades at USD2,034.85 an ounce from USD2,035.75 an ounce on Friday night.
Monday's calendar includes, at 1700 CET in the US, the release of data on consumer inflation expectations.
On the bond front, French BTF auctions with 3-, 6- and 12-month maturities are expected at 1355 CET, while from overseas it is the turn of the US Treasury bond auctions with 3- and 6-month maturities.
By Claudia Cavaliere, Alliance News reporter
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