Prysmian’s CSO highlights growth as shares hit record - Oct 10, 2025

As of October 10, today’s news features Prysmian’s strong market performance and strategic outlook highlighted in an interview with its Chief Strategy Officer, alongside key statements from European policymakers on financial stability and market integration. Maria Cristina Bifulco, Chief Strategy Officer at Prysmian, told Class CNBC that the company’s recent share performance reflects its solid fundamentals and a strategic vision focused on the medium and long term. She explained that Prysmian operates as a leader in sectors that drive decarbonization and enable electrification, maintaining strong leadership positions across its core markets. Since the appointment of Massimo Battaini as CEO in April 2024, the company’s market capitalization has more than doubled, rising from about 12.3 billion euros to 27 billion euros, Bifulco add. Meanwhile, speaking on the sidelines of the Ecofin meeting in Luxembourg, Italy’s Economy Minister Giancarlo Giorgetti said that the government will review the European Commission’s assessment on the use of golden power in the Unicredit/Banco BPM deal once it is issued. He stressed that the government is simply enforcing an existing law, and that any change to that law would fall under the responsibility of Parliament, not the executive. At the same meeting, Commissioner Albuquerque said that the European Commission’s priority remains to address the factors causing market fragmentation. She emphasized that the Union for Savings and Investments is, at its core, a single market project, and that the goal is to build a truly integrated financial services market. Turning to market updates, Nexans shares fall as much as 5.4%, the most in six months, after analysts at BNP Paribas Exane downgraded their rating to underperform from neutral, citing a sharp deceleration of earnings growth expected from 2026. Meanwhile, in the copper market, prices fell from a 16-month high as traders engaged in profit-taking amid rising inventories in China. The most active copper contract on the Shanghai Futures Exchange settled at 85,900 yuan (approximately 12,059 euros) per metric ton. In the geopolitical arena, President Emmanuel Macron of France is navigating a significant political challenge as he seeks to appoint a new prime minister, aiming to unify his fractured parliamentary coalition. With a self-imposed deadline looming, this leadership change comes amid concerns about potential economic stagnation resulting from ongoing political instability. Lastly, the broader international scenario reflects concerns about U.S.-China relations, with President Donald Trump threatening to impose a “massive increase” in tariffs on Chinese goods, indicating deteriorating trade relations.