AGP Executive Report
Last update: an hour agoJobs and Investment: Nearly one-third of German companies plan workforce cuts in 2027, while 40% expect to reduce investment, an IW survey found. Four in five expect output to stagnate or fall, underscoring the recovery’s fragility. Energy Storage: Return secured €835 million in financing from Deutsche Bank and Rabobank to expand German battery storage; 117 MW is already under construction, with the company targeting at least 1 GW of annual installations from 2027. Corporate Finance: Siemens Energy plans up to €9 billion in additional share buybacks through fiscal 2030, on top of an existing programme of up to €6 billion. Telecoms: Vodafone plans to cut 2,300 jobs in Germany as it automates operations; its German business is also slipping, despite the group raising its guidance. Industrial Outlook: German industrial production rose 0.7% in September, but the latest business survey points to persistent weakness in hiring, investment and output.
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