Non-binding bids must be submitted by 15 September

The Italian Sea Group soars as the process to bring in new investors gets underway

The sector is being driven by the July sales figures from the microchip giant, which stood at around $15 billion (+36 per cent year-on-year and +7 per cent month-on-month)

Confidence in the chip sector is returning in the wake of TSMC’s strong performance, with buying activity also seen on the Milan Stock Exchange

Banca Akros confirms its ‘Accumulate’ rating

Interest in Amplifon: the market is focusing on the benefits of the Gn Hearing deal

Intermonte’s analysis of 62 listed companies reveals that as many as 40 exceeded expectations in the second quarter. Despite the uncertainties in the Middle East, the FTSE MIB’s overall profits have risen by 19 per cent since the start of the year to €37.4 billion. The financial sector is leading the way, but there are also positive signs from the industrial, luxury and defence sectors.

A bumper earnings season on the Milan Stock Exchange: 65 per cent of companies beat market expectations

The US company’s share price is falling following the announcement of a $15 billion issue of ordinary shares. Uncertainty in the Middle East is driving up oil prices, with Brent returning to $86 per barrel and WTI exceeding $80. Natural gas prices have surged to over 60 euros per megawatt-hour.

Stock markets: fears over the Strait of Hormuz send oil prices soaring. Milan (-0.1%) lacks lustre; on Wall Street, Intel is down

Berkshire Hathaway buys back its own shares on Wall Street

Ion by Andrea Pignataro: delays in rent payments in Australia, Germany and the US

CEO Bisio: ‘Towards drivers of growth and innovation’ – Proceeds from the sales of Alfahealth and IndX to support debt reduction

Engineering: half-year revenue rises to 845 million

In Paris, Eutelsat shares come under heavy selling pressure as its annual results and guidance fall short of expectations

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