(Alliance News) – At mid-session on Friday, trading on the main European stock exchanges continued in positive territory.
In Italy, industrial sales fell by 0.5% month-on-month in October after rising by 1.9% in September, with the latter figure revised down from the initial 2.1% increase.
Conversely, the consumer confidence index rose to 96.6 from 95.0 in November, while the composite business confidence climate indicator increased to 96.5 from 96.1, reaching its highest level since March 2024.
The EU has approved a EUR90 billion loan for Ukraine, but internal friction led to the exclusion of the use of frozen Russian assets, totaling EUR210 billion.
In this context, the Mib gained 0.3% to 44,608.06, the Mid-Cap was up 0.2% at 58,555.52, the Small Cap edged slightly lower at 36,190.25, and Italy Growth was marginally negative at 8,479.22.
The CAC 40 rose 0.1%, the DAX 40 was up 0.2%, and the FTSE 100 gained 0.1%.
On Piazza Affari, Prysmian—up 0.5%—completed the earn-out payment for Channell, a US-based company specializing in thermoplastic enclosures and fiber optic management solutions, for a total of USD200 million.
Leonardo, which is strengthening US airports with USD120 million in orders, climbed 0.7%.
Terna—up 0.5%—signed an ESG-linked credit facility agreement with UniCredit for a total amount of EUR300 million.
The credit line will have a total duration of five years, with an interest rate also linked to Terna’s performance on specific environmental, social, and governance indicators.
Enel is preparing to return to the debt market in 2026 as well. The board meeting held Thursday approved the issuance of one or more non-convertible bond loans in the form of hybrid subordinated securities, including perpetual ones, for a maximum total amount of EUR2 billion. The stock is up 0.9% at EUR8.694 per share.
Additionally, S&P improved the energy group’s outlook to “positive” from “stable,” while confirming its long-term debt rating at “BBB” and short-term debt rating at “A-2”.
On the banking front, Banca Monte Paschi di Siena—up 0.9%—decided to launch an offer for Mediobanca—up 0.7%—independently, and the Ministry of Economy, as a shareholder, has acknowledged the move.
This was reiterated by Minister Giancarlo Giorgetti during an urgent briefing in the Chamber, also ruling out any irregularities in the third tranche of the privatization.
Strong buying on Buzzi, up 2.2%, and Telecom Italia, also up 2.2%.
On the Mid-Cap, MAIRE—up 1.8%—announced Friday that Nextchem, through its subsidiary Stamicarbon, a licensor of nitrogen fertilizer technology, has secured the licensing, process design package, and proprietary equipment supply based on NX STAMI Urea technology for a new urea plant in eastern China from a major fertilizer producer.
Pirelli & C.—up 0.1%—announced the conversion of convertible bonds for EUR496.5 million, equal to 99.3% of the EUR500 million loan maturing December 22.
The conversion resulted in the issuance of 84.9 million new ordinary shares at a price of EUR5.8493 per share.
Safilo Group—down 0.4%—reported that between December 15 and 18, the group purchased shares of Inspecs Group PLC representing a total of 25% of the company’s share capital, for a total consideration of approximately GBP21.7 million.
OVS closed the nine months with an adjusted pre-tax result of EUR87.8 million, an improvement of 22%—EUR15.6 million—compared to January-September 2024, when it was EUR72.3 million. The stock is up 2.1%.
Ariston Holding fell 3.5%, following the acquisition of Riello through an agreement with US-based Carrier Global Corporation for the purchase of 100% of the group, with an enterprise value of EUR289 million.
On the Small-Cap, Borgosesia announced the increase to EUR25 million of the first tranche of the “Borgosesia 6.30%” bond loan just hours after placement began, due to stronger-than-expected market interest. The stock is down 0.4%.
IGD—down 0.2%—signed an agreement with Coop Alleanza 3.0 for technical management, property management, and leasing activities on a portfolio of more than 40 assets, including shopping centers, hypermarkets, and supermarkets. The agreement is expected to generate additional revenues of EUR1.6 million.
Landi Renzo, after gaining 10% on the eve, is up 4.6% at EUR1.15 per share. EPH sees a 5.4% decline, still in the red.
Among SMEs, FAE Technology—flat at EUR2.60—has entered a strategic partnership with Digiproces, one of Spain’s leading Electronics Manufacturing Services companies.
Braga Moro—down 0.6%—continues to strengthen its presence in the Saudi market and, more generally, in the Middle East, through major contracts managed directly by its local operational division.
DHH has launched a capital increase operation for cash and in divisible tranches, excluding pre-emptive rights, for a maximum total of EUR10.0 million, to be subscribed by December 31, 2025.
The capital increase will be carried out through the issue of up to 434,000 new ordinary shares. The stock is up 2.8% at EUR22.40 per share.
ESI—up 3.2%—has completed the acquisition of 100% of the share capital of ED Solar 2, a special purpose vehicle company established for the construction and management of a 1.65 MW photovoltaic plant.
Gentili Mosconi has completed the acquisition of Lanificio Cesare Gatti, a historic company from the Biella textile district specializing in cashmere. The value of the deal is EUR600,000, entirely financed by the newco’s own funds, with a total outlay of about EUR539,000. The stock is flat at EUR3.46 per share.
In New York, the Dow Jones rose 0.1% to 47,951.85, the Nasdaq climbed 1.4% to 23,006.36, while the S&P 500 gained 0.8% to 6,774.76.
In currency markets, the euro traded at USD1.1709 from USD1.1737 at Thursday’s equity close, while the pound traded at USD1.3376 from USD1.3393 last night.
Among commodities, Brent crude traded at USD59.81 per barrel from USD60.17 per barrel on Thursday, while gold was valued at USD4,325.92 an ounce from USD4,364.70 an ounce Thursday evening.
On Friday’s economic calendar, Eurozone consumer confidence will be assessed at 1600 CET.
By Michele Cirulli, Alliance News Reporter
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