FINWIRES · TerminalLIVE
FINWIRES

Italy PM Reportedly Says Too Early to Consider Russian Gas as Alternative

-- Italian Prime Minister Giorgia Meloni on Tuesday said it was too soon to consider the return of Russian gas, notwithstanding the ongoing energy supply shocks amid the Middle East crisis, multiple media outlets reported.

Addressing reporters in Verona, Meloni said exertion of economic pressure on Russia was the strongest weapon to bring peace in Ukraine and hoped that considerable progress towards achieving that goal would have been made by January 2027, when the problem is expected to become real, Bloomberg reported.

"We must be very careful in how we move from this point of view," Meloni reportedly said. "It's too early to talk about this dynamic."

Meloni's statements were in response to comments by energy major Eni's (E) chief executive officer Claudio Descalzi on Sunday, who advocated suspending the proposed ban on imports of liquefied natural gas from Russia.

Italy's PM office did not immediately respond to' request for comment.

Italy relies heavily on gas for its energy needs, and the ongoing energy supply crisis and the effective closure of the Strait of Hormuz due to the Iran war have hit the country hard, pressuring its energy situation, already strained by the Ukraine conflict, the report said.

Price: $55.30, Change: $-0.71, Percent Change: -1.27%

Related Articles

Research

Research Alert: CFRA Maintains Buy Rating On Shares Of Quest Diagnostics

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month price target at $235. This is based on a forward P/E of 21.9x our 2026 EPS estimate, a premium to DGX's three-year forward average of 16.8x due to our view of strengthening sales and earnings growth, backed by higher health care utilization trends and some regulatory relief due to postponement of lab reimbursement cuts until at least 2027. We think lab testing providers remain a relatively well-positioned area within health care given lower policy risks, supportive testing demand, and attractive earnings growth potential. On a compounded annual basis from 2025-2028, we expect near 8% EPS growth, raising our 2026 EPS to $10.73 from $10.60 and 2027 EPS to $11.50 from $11.42. We also anticipate additional smaller M&A opportunities, along with healthy dividend increases (recent 7.5% boost; shares yield 1.7%) as cash flow generation remains supportive over the near term.

$DGX
Research

Research Alert: Pega: Q1 Results Miss, But Strength In Pega Cloud Offsets

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:PEGA reported total revenue of $430M, missing consensus by $37.2M and declining 10% Y/Y, while non-GAAP EPS of $0.46 missed by $0.23 and fell 39% Y/Y. However, Pega Cloud revenue surged 36% Y/Y to $205M, now representing 47.7% of total revenue and validating the cloud transition thesis. Pega Cloud annual contract value (ACV) acceleration remains the standout metric, growing 29% Y/Y to $906.7M and accelerating from 23% growth in Q1, demonstrating continued strong demand for the company's AI workflow automation platform. Total ACV grew 12% Y/Y to $1.62B, with backlog increasing 16% Y/Y to $2.01B providing revenue visibility. We believe the robust cash flow generation of $206.5M in free cash flow and a solid balance sheet with $474M in cash provides financial flexibility for continued AI investment. Despite near-term profitability pressure, we expect the sustained Pega Cloud momentum and strong ACV growth to support the business transformation.

$PEGA
Asia

Air New Zealand CFO to Resign

Air New Zealand (ASX:AIZ, NZE:AIR) said that Chief Financial Officer Richard Thomson has resigned, effective Aug. 28, according to a Wednesday filing with the New Zealand bourse.The airline has started the process of searching for a new CFO, the filing added.

$ASX:AIZ$NZE:AIR