European Markets in the Red, Fincantieri Weighs on Mib

(Alliance News) - On Tuesday, all major European markets extended the previous day's losses, continuing to trade in negative territory. Weighing on sentiment is the uncertainty triggered by new U.S. tariffs imposed on eight EU countries deemed hostile to Washington's proposed acquisition of Greenland.

The prospect that tariffs could rise to as much as 25%, up from the current 10%, if the U.S. expansionist plan fails to materialize by June, is further destabilizing trade agreements, with inevitable repercussions across European markets.

The Mib is down 1.4% at 44,558.25 points, the Mid-Cap falls 1.3% to 59,938.30, the Small-Cap declines 1.2% to 37,169.41, and Italy Growth posts a loss of 0.7% at 8,733.11 points.

Other markets are also negative: the CAC 40 by 1.2%, the DAX 40 by 1.4%, and the FTSE 100 by 1.2%.

Only three stocks are trading in positive territory on Piazza Affari: Amplifon up 2.4%, Nexi up 1.2%, and Campari up 1.1%.

Fincantieri closes the basket with a 3.4% drop to EUR18.95 per share.

Stellantis, down 1.7%, is initiating 740 layoffs at its Tychy plant in Poland, nearly a third of its workforce, and is eliminating the third production shift, drawing protests from unions.

The company, meanwhile, is focusing on more flexible electrification and is betting on the range extender—Reev—as a transitional solution between traditional engines and pure electric, both in the U.S. and Europe.

The ongoing discussion over the industrial plan and future structure between MPS—down 0.5%—and Mediobanca—down 0.4%—has yet to yield a shared solution after two days of meetings in Rome.

The atmosphere is described as constructive, but the MPS board has requested that all options be evaluated, launching an inquiry without indicating a preferred path.

In the telecommunications sector, there is room for further consolidation. Investment banks are working on the integration of PosteMobile into TIM via a capital increase reserved for Poste.

A key step will be the TIM shareholders' meeting, down 2.1%, scheduled for January 28 to vote on converting savings shares into ordinary shares: if approved, Poste's stake—down 1.1%—would drop from 27.3% to 19-20%, creating space for the transaction without breaching the 30% takeover threshold.

On the Mid-Cap, SOL has acquired 100% of the share capital of VitalAire Schweiz AG from Air Liquide, a leading provider of home respiratory care in Switzerland. The stock is down 0.5%.

KKCG Maritime, owned by Czech billionaire Karel Komárek, has launched a partial voluntary takeover bid to increase its stake in Ferretti from 14.5% to 29.9%, remaining below the mandatory takeover threshold. Ferretti shares are down 1.1%.

Alerion Clean Power, down 2.4%, has approved the issuance of a senior unsecured, non-convertible, and unsubordinated bond loan worth EUR200 million, with the possibility of increasing by an additional maximum of EUR100 million.

Technoprobe posts a strong performance, up 2.0% at EUR17.35 per share, while Webuild slides to the bottom of the basket, down 3.8%.

Among small caps, Aeffe, with a marked decline of 4.7%, announced that, regarding the negotiated business crisis resolution procedure for which the company and its subsidiary Pollini filed for access on October 2, a request has been submitted to the Ordinary Court of Bologna to extend the protective and precautionary measures granted by rulings on November 28, 2025, and December 30, 2025.

I Grandi Viaggi closed the fiscal year as of October 31, 2025, with a consolidated net profit of EUR3.5 million, up from EUR3.3 million in the previous year. At the parent company level, net profit stood at EUR2.17 million, down from EUR2.80 million in 2024. The stock is down 5.2%.

Activist investor Amber Capital has questioned the takeover offer launched by U.S. technology group Crane NXT for Antares Vision, which is down 0.4%.

According to Amber Capital, the binding mandatory offer for the remaining 41% of the capital, at EUR5.00 per share, does not adequately reflect the company's value.

OPS Italia is up 6.0% at EUR0.158 per share, while Beewize drops to the bottom of the sales list, down over 10% at EUR0.414 per share.

Among SMEs, Diadema Capital has announced the early release of the lock-up agreement relating to 250,000 ordinary shares held by Lefin Holdings.

The release was functional to the block sale of the 250,000 shares, which took place on Monday, January 19, to an investor interested in a medium-to-long-term investment in Diadema Capital, which is currently not trading.

Ecomembrane—up 1.1%—reported that its subsidiary SBS Solar has signed contracts for the design and construction of four photovoltaic plants in the province of Cremona, for a total value of approximately EUR2.9 million.

Telmes, down 5.9%, announced that Integrae SIM, as global coordinator, has partially exercised the greenshoe option in a capital increase granted by the company to Integrae SIM during the placement of its ordinary shares, for 63,000 ordinary shares.

SG Company—down 0.4%—reported that last year's consolidated revenue amounted to EUR50.1 million, up 29% from EUR38.7 million as of September 30, and up 45% from the full 2024 fiscal year, which stood at EUR34.6 million.

This result allows the group to achieve, 12 months ahead of schedule, the revenue target of EUR50.3 million set in the 2024–2026 industrial plan.

On the currency front, the euro is trading at USD1.1725 from USD1.1645 at Monday's close of the European stock market, while the pound is trading at USD1.3483 from USD1.3432 on Monday evening.

Among commodities, Brent is trading at USD64.24 per barrel from USD64.11 per barrel on Monday, while gold is valued at USD4,725.49 per ounce from USD4,671.09 per ounce on Monday evening.

Tuesday's economic calendar includes at 2230 CET the U.S. weekly oil inventory report.

By Michele Cirulli, Alliance News Reporter

Comments and questions to [e-mail]

Copyright 2026 Alliance News IS Italian Service Ltd. All rights reserved.