Advertisement
UK markets closed
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • FTSE 250

    19,884.73
    +74.07 (+0.37%)
     
  • AIM

    743.26
    +1.15 (+0.15%)
     
  • GBP/EUR

    1.1692
    +0.0023 (+0.20%)
     
  • GBP/USD

    1.2633
    -0.0005 (-0.04%)
     
  • Bitcoin GBP

    55,938.58
    +1,126.14 (+2.05%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,253.44
    +4.95 (+0.09%)
     
  • DOW

    39,784.99
    +24.91 (+0.06%)
     
  • CRUDE OIL

    82.77
    +1.42 (+1.75%)
     
  • GOLD FUTURES

    2,242.00
    +29.30 (+1.32%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,492.49
    +15.40 (+0.08%)
     
  • CAC 40

    8,205.81
    +1.00 (+0.01%)
     

Edison says Italy windfall tax is disproportionate, should be revised

MILAN (Reuters) - Italy's new windfall tax is disproportionate and should be revised, Edison CEO said on Thursday, adding the energy group does not exclude legal action against it.

"It's a tax on revenues, not profits. I am not excluding anything to protect the interests of the company against what I believe is disproportionate for us, compared to other, larger operators," CEO Nicola Monti said.

Rome approved a 10% levy on energy companies in March and this week announced it would raise it to 25% to help fund a package to shield firms and families from surging energy costs as the war in Ukraine escalates.

(Reporting by Giancarlo Navach; editing by Francesca Landini)