AGP Executive Report
Last update: 10 hours agoSwiss Energy Policy: Parliament won’t extend the electricity bailout, so the rescue act expires end-2026, adding pressure as the grid modernisation bill keeps rising. Grid & Renewables: Swissgrid says it cut first-half balancing procurement costs by half to CHF150.1m while investing CHF164.8m in transmission upgrades, helped by a new imbalance pricing mechanism and better solar forecasts. Chocolate Industry: Lindt & Sprüngli trims its sales growth outlook to max 2% after pricing pushback and heat-hit demand in core markets like Germany, Switzerland and Austria. Commodities & Trading: Glencore lifts its 2026 marketing profit outlook above $5bn and resets its long-term guidance framework, reflecting higher inventories and funding costs. Corporate Moves: Gunvor rebrands as Centalion and plans to redomicile HQ to Singapore while keeping major trading offices in Geneva. Finance & Markets: Global stocks rebound after bond turmoil; investors brace for euro-zone inflation and US jobs data, with the dollar near a 17-month high. Climate & Water: Copernicus reports record-low river flows across Europe, disrupting freight and cooling for power plants. Swiss Environment: GLAMOS says Swiss glaciers lost 5.5% of ice volume in the latest year and nearly 20% since 2021. Luxury & Manufacturing: Audi details a new Formula 1 campus in Hinwil to support talent and infrastructure.
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