AGP Executive Report
Last update: 11 hours agoInvestment & Sport: RedBird is consolidating its Milan interests — including AC Milan, the new stadium project and a bid for a place in a planned European basketball league — under a new holding company led by former NBA executive Brett Yormark. Markets & Banking: European equity funds drew a record $35.1 billion in weekly inflows, with UniCredit earnings helping lift the region’s shares. Italian banks are also pushing back against the government’s latest tax measures, while Banco BPM reviews Crédit Agricole’s offer. Business Results: Poste Italiane reported its strongest-ever nine-month profit and launched a €600 million digital infrastructure fund. Enel’s nine-month profit rose 6%, though results in Italy continued to weaken; Generali’s property and casualty operating result increased 4.5% despite higher losses. Growth & Energy: Italy raised its 2026 growth forecast but lowered its 2027 outlook, as manufacturers see little prospect of a near-term recovery. A new Calabria wind project adds to a growing pipeline of Italian clean-energy investments.
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