Dusseldorf - Delayed Quote EUR

Mediobanca SpA (ME9.DU)

13.62

+0.22

(+1.64%)

As of April 22 at 7:31 PM GMT+2. Market Open.

Mediobanca profit tops forecast as wealth management shift advances

MILAN (Reuters) -Italy's Mediobanca posted a better-than-expected first-half net profit on Friday, as higher interest rates boosted income from lending and a renewed focus on wealth management paid off. The bank, with a financial year running from July to June, is "fully on track" to meet targets set out in the strategy to 2026 it presented in May, Chief Executive Alberto Nagel told a press briefing. "These results are not only improving, they represent the new vision of the group .... Our growth has been solid and very effective in terms of capital generation and absorption," he said.

Reuters 2 months ago

MDIBY
Infrastructure funds prepare sales of airports in UK and Italy-sources

A group of infrastructure investors around Europe are working on the sale of their stakes in European airports, leveraging on the recovery of travel in the wake of the COVID-19 pandemic, according to bankers, investors and industry sources. Its owner Global Infrastructure Partners (GIP) is working on the sale of its majority stake in a process that may value the airport at over 2.5 billion euros ($2.72 billion), according to two sources close to the situation, who spoke on condition of anonymity because the process is private. AGS Airports, which oversees operations at Aberdeen, Glasgow, and Southampton airports and is owned by Macquarie and Ferrovial, may also follow, according to two people with knowledge of the plans.

Reuters 4 months ago

MDIBY
Two U.S. funds to vote Mediobanca outgoing board's slate for board renewal

The U.S. funds CalSTRS and New York City Comptroller said on Thursday they would vote in favour of the outgoing board's slate of nominees for the new Mediobanca board at the bank's annual meeting this month. Mediobanca's outgoing board has proposed 15 members, including a new term for current CEO Alberto Nagel and Chairman Renato Pagliaro ahead of the Oct. 28 meeting. The two funds did not disclose their stakes in Mediobanca.

Reuters 6 months ago

MDIBY
Mediobanca readies share buyback as CEO Nagel seeks new 3y term

MILAN (Reuters) -Italy's Mediobanca said on Thursday it would buy back its own shares for around 200 million euros ($223 million) in the new fiscal year, as its Chief Executive Alberto Nagel said he was available for another three-year term. Mediobanca shareholders will be asked to renew the board in late October. At the helm since 2008, Nagel has come under fire in the last two years from two major shareholders, the Del Vecchio family's holding company Delfin and Italian tycoon Francesco Gaetano Caltagirone.

Reuters 8 months ago

MDIBY
Mediobanca teams up with UK's Founders Factory in fintech push

MILAN (Reuters) -Mediobanca will partner with London-based Founders Factory, an early-stage investor in new businesses, to promote fintech start-ups, the two companies said, as the Italian bank works to grow its international and tech footprint. Mediobanca will invest 12 million euros ($13 million) in a joint venture with Founders Factory with a view to building up 35 fintech ventures over the next five years. Founders Factory has invested so far in more than 300 tech companies, including nearly 50 financial technology ventures.

Reuters 8 months ago

MDIBY
Italian investment bank Mediobanca buys boutique London advisory Arma to increase ties with top UK tech firms

Arma has advised on more than $85 billion worth of deals in the past five years

Evening Standard 10 months ago

MB.MI
Mediobanca buys Arma Partners to boost tech advisory offer

MILAN (Reuters) -Mediobanca said on Thursday it had agreed to buy London-based Arma Partners, as Italy's leading investment bank seeks to capture growing corporate demand for advisory services on tech deals and expand its international reach. The acquisition, which Mediobanca expects to boost its fee income by 10%, comes ahead of a new three-year strategy that CEO Alberto Nagel will unveil on May 24. With a focus on software, cloud services, data and fintech, Arma has advised on some 100 transactions over the past five years worth in aggregate more than $85 billion.

Reuters 10 months ago

MDIBY
UPDATE 1-Mediobanca's profit beats forecast, but outlook disappoints

Italy's Mediobanca on Thursday failed to impress investors with its full-year outlook after net profit beat forecasts in the three months through March, sending its shares lower. Net profit came in at 235 million euros, up 24% year-on-year and above a 215 million euro company-provided consensus. As of 1430 GMT, shares in Mediobanca fell 3.7%, underperforming a 1.2% drop in banking index.

Reuters 11 months ago

MDIBY

Performance Overview

Return	ME9.DU	FTSE MIB Index
YTD	+21.93%	+11.11%
1-Year	+51.08%	+21.55%
3-Year	+86.32%	+39.58%

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Mediobanca SpA (ME9.DU)

Mediobanca profit tops forecast as wealth management shift advances

Infrastructure funds prepare sales of airports in UK and Italy-sources

Two U.S. funds to vote Mediobanca outgoing board's slate for board renewal

Mediobanca readies share buyback as CEO Nagel seeks new 3y term

Mediobanca teams up with UK's Founders Factory in fintech push

Italian investment bank Mediobanca buys boutique London advisory Arma to increase ties with top UK tech firms

Mediobanca buys Arma Partners to boost tech advisory offer

UPDATE 1-Mediobanca's profit beats forecast, but outlook disappoints

Performance Overview