The group reported profits of €8.2 billion, up 8.1 per cent, and has set its 2026 target at “well over €10 billion”. Messina on Mps (Monte dei Paschi di Siena bank): “The Siena shareholders’ meeting has sealed the rift with management; now shareholders can rally behind a leader in Italy and Europe”

Messina: “We have the full backing of Siena’s shareholders for our proposals; I rule out any further bids.” This week, the Competition Authority will send the findings of its preliminary investigation to the parties involved

Intesa Sanpaolo’s bid will determine the fate of the Siena-based bank and has the numbers to succeed. But on other issues the outcome is less certain: much will depend on the turnout of shareholders

The Central Bank’s approval of the bid paves the way for Messina. Lovaglio’s plan set to be rejected; Banco BPM will not be involved either

Valentino hopes that “the stake will remain a purely financial investment”. Ways to limit the flow of information are being explored. Meanwhile, in Siena, the Mps Foundation is recalibrating its approach ahead of the 29th’s shareholders’ meeting: “Well done, Lovaglio; if his plan doesn’t go through…