AGP Executive Report
Last update: 12 hours agoBanking Shake-up: Crédit Agricole has proposed merging its Italian business with Banco BPM, a deal that could create Italy’s third-largest bank. The proposal lands as Italian lenders push back against Giorgia Meloni’s latest tax raid. Fiscal Policy: EU finance ministers approved fiscal flexibility for Italy and agreed on VAT reforms, giving Rome more budget room. Energy Costs: Italy approved measures to lower electricity bills for households and businesses, prompting complaints from energy producers. Industry: Arvedi and Jindal have bid for the former Ilva steelworks, a key test for the future of Italian steelmaking. Corporate Results: Recordati reported nine-month revenue growth of 7.5% and EBITDA growth of 7.7%; Safilo also returned to quarterly growth, helped by North American demand.
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