Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Mercedes-Benz expands operations in the US with a $1.2-B investment

Investment announcement made during the Tuscaloosa based plant’s 20th anniversary celebration. Strategic move of Mercedes-Benz to start production of electric passenger cars in the U.S. as part of its worldwide electric initiative. Tuscaloosa plant will manufacture SUV models for the company’s … Read the full press release

Solvay’s full year guidance updated to reflect discontinued operations of the polyamide activities

BRUSSELS, 20-Sep-2017 — /EuropaWire/ — Solvay publishes today restated consolidated financial information for 2015, 2016 and the first half of 2017, reflecting the reclassification in discontinued operations of the polyamide activities to be sold to BASF. The planned divestment, with … Read the full press release

Solvay: BASF to acquire Polyamides for EUR 1.6 billion

BASF agrees to acquire Polyamides for €1.6 billion BRUSSELS, 20-Sep-2017 — /EuropaWire/ — Solvay has entered into a binding agreement with German chemical company BASF for the sale of its Polyamides business, a crucial step in Solvay’s transformation towards a … Read the full press release

Stora Enso divested its 35% in Bulleh Shah Packaging (Private) Ltd. in Pakistan

HELSINKI, 19-Sep-2017 — /EuropaWire/ — Stora Enso has completed the divestment announced on 26 July 2017 of its 35% holding in the equity accounted investment Bulleh Shah Packaging (Private) Ltd. in Pakistan to the main owner Packages Ltd. The total cash … Read the full press release

thyssenkrupp completes the sale of CSA Siderúrgica do Atlântico (CSA) steel mill in Brazil to Latin American steelmaker Ternium for EUR 1.5 billion

ESSEN, 12-Sep-2017 — /EuropaWire/ — The sale of the CSA Siderúrgica do Atlântico (CSA) steel mill in Brazil to the Latin American steelmaker Ternium is complete. With the closing of the transaction thyssenkrupp has received the purchase price (enterprise value) of … Read the full press release

Henkel strengthens its Hair Professional business with the acquisition of Nattura Laboratorios

Henkel further strengthens its Beauty Care business Düsseldorf, Germany, 08-Sep-2017 — /EuropaWire/ — Henkel has successfully closed the acquisition of Nattura Laboratorios, S.A. de C.V., headquartered in Guadalajara, Mexico. The agreement to acquire Nattura Laboratorios and associated companies in the USA, … Read the full press release

World’s first blockchain platform for the marine insurance sector launches

LONDON, 06-Sep-2017 — /EuropaWire/ — EY and Guardtime announce the world’s first blockchain platform for the marine insurance sector. The platform launches in collaboration with A.P. Møller-Maersk A/S, ACORD, Microsoft, MS Amlin, Willis Towers Watson and XL Catlin and after a … Read the full press release

EY becomes a Strategic Learning Advisor for YPO globally

EY and YPO will exchange ideas, thought leadership and network influence to drive growth and innovation across the organizations’ global communities LONDON, 06-Sep-2017 — /EuropaWire/ — EY has announced that it will work in collaboration with YPO, a leading global platform … Read the full press release

CapMan appoints Joakim Frimodig as CEO

HELSINKI, 06-Sep-2017 — /EuropaWire/ — Interim CEO and Deputy CEO of CapMan Joakim Frimodig has been appointed CEO of CapMan as of 1 September 2017. Frimodig has acted as Interim CEO from 4 May 2017. Earlier he has been responsible for … Read the full press release

EWE 1H 2017: sales up to EUR 4,209.1 million

Half-year results reflective of challenging business enviroment Consolidated net income for the period falls again adjusted for non-recurring items in the previous year Operating EBIT slightly below that of previous year Capital expenditure higher in regional fibre-optic network expansion and … Read the full press release

“Heillandi Peking” Ljósmyndasýning um ferðalög haldin í Reykjavík

(Aðeins sem tilvísun og háð viðburðinum) Reykjavík, Íslandi, 02-Sep-2017 — /EuropaWire/ — „Heillandi Peking“, ljósmyndasýning um ferðalög var haldin í Reykjavík þann 11. ágúst í boði framkvæmdastjórnar Peking um þróun ferðamála (Beijing Municipal Commission of Tourism Development). Zhang Weidong, kínverski … Read the full press release

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Kapsch TrafficCom 1Q 2017/18: Revenues up by 7.9%; EBIT down by 33.4%

Highlights. Revenues increased by 7.9% to EUR 164.3 million EBIT is -33.4% below last year’s comparison value which included a one-time effect Profit for the period has also dropped (-46.2%) No net debt: net credit of EUR 13.4 million After the end of the … Read the full press release

Hapag-Lloyd 1H 2017: EBITDA and EBIT significantly higher than previous year

HAMBURG, 01-Sep-2017 — /EuropaWire/ — EBITDA and EBIT significantly higher than previous year / Transport volume up by 14% / Freight rates continue to recover / Integration and synergy delivery on track / First outlook including UASC In the first … Read the full press release

Grammy Winner Coolio & Wrestling Legend Virgil on an Adult Star’s Presidential Ticket – Press Conference

Embarrassed by the state of the country, adult star Cherie DeVille wants to lead by example, bringing change to the country – a Real Person for the People DeVille’s Team features Coolio as Vice President, with WWE great Virgil as … Read the full press release

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Wärtsilä now targeting a rapid global growth in the hydro market

HELSINKI, 23-Aug-2017 — /EuropaWire/ — In June 2016, Wärtsilä acquired American Hydro, a specialist in optimising, upgrading and servicing hydroelectric and water distribution systems. With its offering of consultancy, design and precision performance enhancement services for hydro-turbines and pumps, the company … Read the full press release

UK Gov: Scotland’s deficit is more than three times higher than that of the UK

Figures published today show that Scotland’s deficit is more than three times higher than that of the UK as a whole LONDON, 23-Aug-2017 — /EuropaWire/ — Reacting to the Scottish Government’s GERS figures, published today, Scottish Secretary David Mundell said: These figures from … Read the full press release

UK: Competition and Markets Authority found competition concerns in the merger between Cygnet and Cambian Adult Services

The CMA has provisionally found competition concerns in the merger between Cygnet and the Cambian Adult Services division of the Cambian Group. LONDON, 23-Aug-2017 — /EuropaWire/ — Universal Health Services, Inc. – through its subsidiary Cygnet Health Care Limited (Cygnet) – acquired … Read the full press release

Heathrow funds UK SMEs to encourage them to export their goods or services to new international markets

Heathrow to fund 20 SMEs’ trade missions, trade shows and foreign market research in partnership with the Department for International Trade’s ‘Exporting is GREAT’ Campaign Products SMEs are looking to export include beauty products, organic beets, puncture-proof tyres and ice cream … Read the full press release

SGS: New regulation in Canada aimed at reducing the rate of fatal strangulations associated with corded window coverings

The proposed Corded Window Coverings Regulations which is under the Canada Consumer Product Safety Act (CCPSA) was published in Part 1 of Canada Gazette dated June 17, 2017. This proposed regulation is currently out for review. Comments and feedback is … Read the full press release

Bertelsmann Stiftung: 16th Salzburg Trilogue to discuss how to actively shape globalization

Leading figures from politics, business and culture came together at the 16th Salzburg Trilogue to discuss how to actively shape globalization. A debate on sustainable and fair globalization was essential for the future. The participants agreed that active support for … Read the full press release

MVV Energie CEO Dr. Georg Müller: sustainability-driven growth of our group of companies

MANNHEIM, 18-Aug-2017 — /EuropaWire/ — Operating earnings rise 2 percent to Euro 250 million in first nine months of current 2017 financial year – MVV’s CEO Dr. Georg Müller: “In all our activities we never lose sight of one goal … Read the full press release

Investor AB appoints Jessica Häggström as new Head of Human Resources

STOCKHOLM, 17-Aug-2017 — /EuropaWire/ — In September, Jessica Häggström will succeed David Lindquist as Head of Human Resources at Investor. Jessica Häggström has since 1998 worked at Ericsson in various roles within Human Resources, such as Talent Management, Compensation and Benefits. … Read the full press release

Bank of Scotland July’s PMI: strong start to 3Q of 2017 for the Scottish private sector

Headline PMI rises to 53.8, the highest since October 2014 Solid expansions in new business and employment Trend of expansion in combined manufacturing and services output extends to its longest sequence since 2014 EDINBURGH, 15-Aug-2017 — /EuropaWire/ — July’s PMI® survey data … Read the full press release

Lloyds Regional PMI: Business activity increased across England and Wales for the twelfth month in a row

England sees sustained moderate growth in business activity at start of third quarter Wales maintains its recent strong performance thanks to pipeline of new orders Yorkshire & Humber and West Midlands remain top-performing regions overall while the North East sees … Read the full press release

Accenture acquires Virginia-based company specializing in digital transformation for the federal market

ARLINGTON, VA, USA, 09-Aug-2017 — /EuropaWire/ — Accenture (NYSE: ACN) has completed its acquisition of Phase One Consulting Group, Inc., a privately held Alexandria, Virginia-based company specializing in modernization and digital transformation for the federal market. The acquisition of Phase One, which … Read the full press release

Accenture to acquire Brazilian cloud-based mobile solutions company Concrete Solutions

Acquisition of Brazilian company strengthens Accenture’s position as a leading innovation partner of companies in Latin America SÃO PAULO, BRAZIL, 09-Aug-2017 — /EuropaWire/ — Accenture (NYSE: ACN) has acquired Concrete Solutions, a Brazilian company that specializes in applying Lean and Agile software-development methodologies … Read the full press release

Hans Ekman appointed VP Forestry & Recycling Cranes Hiab

HELSINKI, 08-Aug-2017 — /EuropaWire/ — Hiab, part of Cargotec, has appointed Hans Ekman  as Vice President, Forestry & Recycling Cranes as of 14 August 2017. He will report to Joakim Andersson, head of Hiab’s Cranes Business Line, and be part of the … Read the full press release

FATF assessment of Denmark’s anti-money laundering and counter-terrorist financing system

PARIS, 08-Aug-2017 — /EuropaWire/ — Denmark has the foundations for a sound regime to tackle money laundering and terrorist financing, but needs to improve the implementation of measures to mitigate the risks, including through better assessing those risks and enhancing national … Read the full press release

EY dedicates 1,000 tax technology and performance improvement professionals in response to the impact of existing and emerging technology

LONDON, 07-Aug-2017 — /EuropaWire/ — EY announces the creation of Tax Technology and Transformation, a dedicated group of more than 1,000 tax technology and performance improvement professionals in member firms across the globe that help organizations to redefine their tax functions … Read the full press release

Continental: We are raising our forecast for the corporation’s sales by €500 million to more than €44 billion

Sales rise by 10 percent to €22 billion in first half of 2017 Sales projection for year as a whole increased to more than €44 billion, earnings outlook confirmed Order intake for the Automotive Group increased to more than €19.5 … Read the full press release