
AI-generated summary
The Milan stock market is reacting to the publication of quarterly results and several consolidation operations in the banking sector.
The Milan Stock Exchange moved on parity at mid-session, with the Fse Mib at 49,821 points.
Supporting the price list is Prysmian's run (+5.34%) after the accounts. Followed by Leonardo (+2.9%), Fincantieri (+2.28%), Avio (+2.17%), On the opposite front, Campari leaves 6.95% on the ground after the quarterly report. Stellantis slows down (-2.66%) with profit taking.
Then the banks are under the spotlight with the MPS meeting (-0.2%) in Siena called to vote on the double offer on Banco Bpm (-0.65%) and Banca Generali (-0.08%) and on the merger with Mediobanca (-0.39%).
The latter brings together its advisors to decide on the integration with Monte which, in turn, is the recipient of the takeover bid by Intesa Sanpaolo (-0.8%) which, having obtained all the authorisations, is now awaiting the green light from Consob on the prospectus.
Unicredit was also negative (-0.5%) which, with the exit of Pier Carlo Padoan at the end of his mandate with the assembly next spring, has started the process of searching for a new president.
AI outlook — possibilities, not facts
Search for a new president for Unicredit
Very likely · Within months

Italgas closed the first nine months of the year with revenues of 1.98 billion (+10.1%) and a net profit of 585.5 million (+18.3%). Investments reach a record 1.1 billion, driven by the development of renewable gas networks.

Leonardo Maria Del Vecchio attempted to buy Rocco Basilico's 12.5% share of Delfin for 3.5 billion. The offer was ignored due to the perceived low price and doubts about the buyer's financial strength.

The assembly of Monte dei Paschi di Siena rejected the proposed merger with Mediobanca. 63.65% of the votes were against, blocking the operation which required a two-thirds majority.

European stock markets show contrasting trends: Frankfurt and Paris rise while awaiting the ECB's rate decision, while Milan and Madrid lose ground. Oil and gas down, euro weak against the dollar.

Christine Lagarde announces her resignation from the ECB in February 2027. The board meets for monetary policy: maintenance of current rates is expected, with a possible increase in December to combat inflation at 3.8%.

The commitment of Italian banks to the sustainable transition is growing with green loans and mortgages offered by 90% of credit institutions. This is what emerges from the joint research of the Forum for Sustainable Finance and the ABI.