Enel Societa Per Azi Stock News

MILAN (Reuters) – Italy’s biggest utility Enel is ready to dust off plans to build a liquefied natural gas (LNG) terminal in southern Italy, a spokesperson told Reuters on Tuesday.

Utilities are currently enjoying high valuations owing to the high yields, dividend safeties, and good visibility mixed with high energy prices.

Italy''s Enel has reached a deal to build a solar tracker factory at a giant power plant it is converting into a green energy hub as part of plans to cut its carbon footprint.

The sale of ERG Power, which also includes a hydroelectric plant, values the unit at 188 million euros ($215 million) including debt, ERG said on Wednesday.

(Bloomberg) -- Utility Enel SpA, Italy’s largest listed company by market value, is already feeling the effects of last week’s change in tone by the European Central Bank.

Futures Tread Water Amid Peripheral Bond Rout As Key CPI Print Looms U.S. index futures swung around in a volatile, illiquid overnight session, and at last check were flat despite traders'' concerns about growing fireworks in the European bond market where Italian and Greek bond plunged amid fears of ECB rate hikes as soon as October, while waiting for Thursday''s key CPI data and further corporate earnings. S&P 500 futures were up 2 points or 0.05%, Nasdaq futures were up 26 points or 0.18% and Dow futures were up fractionally as markets now expect more than five quarter-point Federal Reserve interest-rate hikes in 2022 to keep inflation on check following a strong U.S. jobs report. Treasury yields and the dollar were stable, while the euro snapped a six-day strengthening run. WTI crude fell after last week''s rally. Chinese shares climbed on their return from a weeklong holiday. Bitcoin extended its recovery surge. In the premarket, Peloton was in focus, soaring 27% on reports it''s evaluating interest from potential suitors including Amazon and Nike.

Putin Holds Economic-Development Meeting With Italian Executives Amid Rising Tensions With West President Biden''s laughable attempt to create a strong deterrent to Russian "aggression" in Ukraine was further undermined early this week by a video meeting between Russian President Vladimir Putin and a group of Italy''s most important executives from 25 top companies to discuss new business opportunities. Following the end of the meeting Wednesday, Putin hailed the effort to warm economic ties between Moscow and Rome as a great success, further cementing Russia''s ties to Continental Europe while Washington threatens economic sanctions - but not much else - as more than 100,000 Russian troops are poised on the border between Russia and eastern Ukraine. According to the Moscow Times , Putin praised Italy as "one of Russia''s leading economic partners". "I would like to emphasize that we consider Italy to be one of Russias leading economic partnersand we see serious prospects for expanding the Russian-Italian business partnership," Putin said, according to a transcript of opening remarks published by the Kremlin.

MILAN (Reuters) Europes biggest utility Enel has most of its gas needs covered by long-term contracts and price volatility has not affected its liquidity position, the company told Reuters.

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Italian utility Enel SpA has agreed to buy 50% of Italy's Mooney to take joint control of the payments firm with Intesa Sanpaolo SpA and create a European-based fintech group.

Enel continues to grow its asset base nicely, however it does so at great capital intensity affecting the quality of its medium-term cash flow picture.