AGP Executive Report
Last update: 10 minutes agoIndustry & Investment: Thermo Fisher is expanding sterile-drug production at its Monza and Ferentino sites, while BW ESS has begun work on an 828MWh battery-storage project in Italy. Pfizer, meanwhile, plans to cut hundreds of jobs at an Italian plant. Energy Costs: With diesel prices rising after fuel-tax relief ended, Prime Minister Giorgia Meloni says the government is considering a flexible fuel-duty cut for price spikes. Eni says any price cap should target sharp increases. Economy & Markets: Italy’s services growth slowed in September as costs rose. Retail trade gained 0.3% in August, and car sales rose 9.9% in September, with Stellantis up 12.6%. Bond-market jitters are also reaching Italy amid wider European selling. Deals & Finance: UK engineering group IMI agreed to buy Italian building-automation firm iSMA Controlli for €63 million. Intesa Sanpaolo’s improved €35 billion bid for MPS won backing from the bank’s largest investor, while UniCredit received Russian approval to restructure and sell its local business.
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