(IN BRIEF) In a strategic move, MONETA secures a €100 million loan from the European Investment Bank (EIB), earmarked to enhance economic prospects for small and mid-sized businesses in Czechia. With a commitment to allocate at least 12% of the … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Business Growth, Czech Republic, Czechia, EIB, Kyriacos Kakouris, MONETA, partnership, SMEs, sustainability, Tomáš Spurný
(IN BRIEF) Societe Generale (GLE) and AllianceBernstein (AB) have officially launched Bernstein, a joint venture aimed at establishing a prominent global cash equities and equity research enterprise. This collaboration, stemming from an announcement made in November 2022, signifies a significant … Read the full press release
(IN BRIEF) Atos SE has scheduled a presentation of its refinancing framework to its financial creditors on April 8, 2024, following the announcement made on March 26. Creditors holding unsecured financial debt of Atos SE are urged to contact Kroll, … Read the full press release
Posted in Business, Economy, Financial, France, Industrial, Investment, Management, Media, News, Technology
Tagged Atos SE, Financial Creditors, investment, Refinancing Framework
(IN BRIEF) Ahold Delhaize has disclosed its repurchase of 200,000 common shares between March 25, 2024, and March 28, 2024, at an average price of €27.45 per share, totaling €5.5 million. This buyback is part of the company’s €1 billion … Read the full press release
Posted in Business, Economy, Financial, Food & Beverage, Industrial, Investment, Management, Netherlands, News, Retail
Tagged Ahold Delhaize, Financial, investment, Shares Buyback Program
(IN BRIEF) Adyen, a global financial technology platform, has announced its partnership with PayMe by HSBC in Hong Kong, enabling Adyen’s merchants to accept PayMe as a payment method for online purchases. PayMe, with over three million users and acceptance … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Internet & Online, Investment, Management, Netherlands, News, Technology
Tagged Adyen, Brad Jones, Financial, Hong Kong, HSBC, investment, Kai Tang, partnership, PayMe, Payment Options
(IN BRIEF) UBS Group AG has successfully completed its 2022 share repurchase program, repurchasing 298,537,950 shares via a separate trading line on the SIX Swiss Exchange, totaling CHF 5,009,665,264 (USD 5,244,697,247). A portion of the repurchased shares, approved by the … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Switzerland
Tagged 2022 Share Repurchase Program, Financial, investment, UBS Group AG
(IN BRIEF) ArcelorMittal, in line with its fourth-quarter 2023 financial results, has made significant amendments to its segment reporting and EBITDA definition effective from January 1, 2024. Key changes include redefining EBITDA to encompass operating result, depreciation, impairments, exceptional items, … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged ArcelorMittal, Clarity, Financial, investment
(IN BRIEF) Investor AB has announced the convening of its Annual General Meeting (AGM) scheduled for May 7, 2024, at China Teatern in Stockholm, Sweden. Shareholders are encouraged to participate either in person or via advance voting. The meeting will … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Annual General Meeting, Investor AB, Jacob Wallenberg, Johan Forssell
(IN BRIEF) Investor AB’s Nomination Committee has submitted proposals for the upcoming Annual General Meeting on May 7, 2024, regarding the composition of the Board of Directors. The committee suggests thirteen members, including notable re-elections such as Gunnar Brock, Magdalena … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Sweden
Tagged 2024 Annual General Meeting, Anders Oscarsson, appointment, Board of Directors, Christian Cederholm, Grace Reksten Skaugen, Gunnar Brock, Hans Stråberg, Investor AB, Isabelle Kocher, Jacob Wallenberg, Johan Forssell, Katarina Berg, leadership, Leif Johansson, Magdalena Gerger, Magnus Carlsson, Marcus Wallenberg, Mats Rahmström, nominations, Peder Hasslev, Sara Öhrvall, Sven Nyman, Tom Johnstone
(IN BRIEF) Investor AB, in its recently published 2023 Annual Report, highlights its robust performance and commitment to sustainability amidst a challenging macro environment. Despite this, Investor delivered on its strategic priorities, including achieving a total shareholder return of 26 … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Sweden
Tagged Financial, investment, Investor AB, Jacob Wallenberg, Johan Forssell, sustainability
(IN BRIEF) PNE AG reports a highly successful year in 2023, achieving or surpassing strategic goals outlined in its ‘Scale up 1.0’ strategy. With total aggregate output reaching €267.8 million and EBITDA hitting €39.9 million, the company is at the … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Expansion Strategy, financial performance, investment, Markus Lesser, PNE AG
(IN BRIEF) BBVA Group reports significant achievements in its environmental sustainability efforts, with 96 percent of its power consumption sourced from renewable energy in 2023, surpassing its 70 percent target for 2025. The bank also managed to reduce its carbon … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Spain
Tagged BBVA, carbon footprint, partnership, renewable energy, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) initiates a new risk-sharing framework with Privredna banka Zagreb d.d. (PBZ), offering up to €75 million in guarantees to share partner banks’ exposure to local enterprises in Croatia. PBZ, part … Read the full press release
Posted in Banks, Business, Croatia, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged businesses, CROATIA, Dinko Lucić, EBRD, Mark Davis, partnership, Privredna banka Zagreb d.d. (PBZ), SMEs, sustainability
(IN BRIEF) The European Investment Bank (EIB) has agreed to extend a €600 million loan to the Republic of Poland, aiming to bolster the country’s economy through investments in digital and social development. EIB Vice-President Teresa Czerwińska highlighted the strategic … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Poland
Tagged Andrzej Domański, economy, European Investment Bank, partnership, Poland, sustainability, Teresa Czerwinska
(IN BRIEF) The latest GfK Consumer Climate Report reveals a gradual improvement in consumer sentiment in Germany, with slight increases in economic expectations and income optimism. However, the willingness to buy remains low despite rising income, reflecting persistent consumer uncertainty … Read the full press release
Posted in Business, Commodities, Economy, Financial, Germany, Government, Industrial, Investment, Management, Marketing, News, Retail
Tagged Consumer Climate Report, economy, Financial, Germany, GfK, investment, Nuremberg Institute for Market Decisions (NIM), Rolf Bürkl
(IN BRIEF) OMV has unveiled its Sustainability Report 2023, providing insights into the company’s management and performance across key Environmental, Social, and Governance (ESG) aspects. Aligned with the UN 2030 Agenda for Sustainable Development and OMV Strategy 2030, the report … Read the full press release
Posted in Austria, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News
Tagged Alfred Stern, Financial, investment, OMV, Sustainability Report 2023
(IN BRIEF) Nordea announces the update of its internal allocation framework at the onset of 2024, aimed at bolstering transparency, accountability, and decision-making efficacy in capital deployment and resource allocation. The revised framework aligns business area profitability metrics with the … Read the full press release
Posted in Banks, Business, Economy, Financial, Finland, Industrial, Investment, Management, News
Tagged decision-making, Financial, Internal Allocation Framework, investment, Nordea
(IN BRIEF) Ahold Delhaize announces the repurchase of 255,145 common shares between March 18 and March 22, 2024, at an average price of €27.18 per share, totaling €6.9 million. This transaction is part of the €1 billion share buyback program … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News, Retail
Tagged Ahold Delhaize, Financial, investment, Shares Buyback Program
(IN BRIEF) Hannover Re announces the establishment of a new specialty reinsurance business unit, effective April 1, 2024, aimed at consolidating its global operations in cyber and digital domains to bolster underwriting proficiency. Led by Stefan Sperlich, the unit will … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Germany, Industrial, Insurance, Investment, Management, News, Technology
Tagged cyber, Digital Business Unit, Financial, Hannover Re, investment, reinsurance, Silke Sehm, Stefan Sperlich
(IN BRIEF) The Nordic Investment Bank (NIB) has inked a 10-year loan agreement with Svenska Cellulosa Aktiebolaget SCA (Publ) to co-finance the Fasikan Wind Farm in Jämtland county, northern Sweden. Valued at SEK 1 billion, this loan will bolster the … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Fasikan Wind Farm, Kim Krokfors, NIB, Northern Sweden, partnership, sustainability, Svenska Cellulosa Aktiebolaget SCA
(IN BRIEF) NIRAS, a leading consultancy firm, has announced its robust annual results for 2023, boasting record earnings (EBITA) of DKK 167 million and a commendable organic growth rate exceeding 10%. Despite challenging market conditions marked by inflation and global … Read the full press release
Posted in Business, Denmark, Economy, Environment, Financial, Industrial, Investment, Management, News
Tagged Carsten Toft Boesen, earnings, Financial, investment, NIRAS, sustainability
(IN BRIEF) Approximately 400 business leaders and political figures convened at the CBI Northern Ireland Annual Lunch, marking the first such event since the restoration of the Executive. Hosted at Titanic Belfast and sponsored by Spirit AeroSystems and MCS Group, … Read the full press release
Posted in Business, Economy, Environment, Financial, Government, Industrial, Investment, Ireland, Management, Media, News, United Kingdom
Tagged Angela McGowan, Annual Lunch, business leaders, CBI, CBI Northern Ireland, Ciara Kennedy, Economic Discussion, George Parker, partnership, politicians, Rain Newton-Smith, Richard Gillan, sustainability
(IN BRIEF) Despite economic challenges, Wienerberger had a successful business year in 2023, boasting revenues of €4.2 billion and operating EBITDA of €811 million. The company’s resilience is attributed to its robust performance in infrastructure and renovation sectors, along with … Read the full press release
Posted in Austria, Business, Construction, Economy, Environment, Financial, Industrial, Investment, Management, News
Tagged acquisitions, Financial, Heimo Scheuch, investment, sustainability, Wienerberger
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is supporting energy efficiency initiatives in Vilnius by investing €25 million in Šiaulių Bank’s energy efficiency fund. Managed by Šiaulių Bank, the fund aims to finance energy efficiency renovations in … Read the full press release
Posted in Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Real Estate, United Kingdom
Tagged EBRD, ENERGY, Lithuania, partnership, residential, Šiaulių Bank, Sue Barrett, sustainability, Vilnius, Vytautas Sinius
(IN BRIEF) Nomagic, a leading developer of intelligent robotics for e-commerce and retail warehouses, has secured an €8 million loan from the European Investment Bank (EIB) to enhance its research and development (R&D) efforts. The loan, supported by the European … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Electronics & Machinery, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Poland, Retail, Technology
Tagged EIB, Marek Cygan, Nomagic, Nomagic React.AI, partnership, Poland, robotic automation solutions, Teresa Czerwinska
(IN BRIEF) Louis Dreyfus Company B.V. (LDC) has unveiled its inaugural integrated report, presenting a comprehensive overview of its financial performance and sustainability initiatives for the year ended December 31, 2023. Despite challenges posed by geopolitical tensions and climate-related disruptions, … Read the full press release
Posted in Agriculture, Business, Economy, Environment, Financial, Food & Beverage, Industrial, Investment, Management, Netherlands, News
Tagged Financial, Louis Dreyfus Company, Michael Gelchie, sustainability
(IN BRIEF) Since the implementation of the Corporate Transparency Act (CTA) earlier this year, Wolters Kluwer CT Corporation has been inundated with inquiries regarding reporting obligations for trusts, particularly concerning the Beneficial Ownership Information (BOI) requirements. George May, Vice President … Read the full press release
Posted in Business, Economy, Education, Financial, Industrial, Investment, Management, Netherlands, News, Small Business, Technology
Tagged Corporate Transparency Act (CTA), CT Corporation, David Feider, George May, Wolters Kluwer
(IN BRIEF) LPKF Laser & Electronics SE disclosed its financial performance for the fiscal year, registering a revenue of EUR 124.3 million and an EBIT of EUR 3.7 million, slightly lower than the previous year’s figures. Despite facing challenges such … Read the full press release
Posted in Business, Economy, Electronics & Machinery, Financial, Germany, Industrial, Investment, Management, News
Tagged Financial, investment, Klaus Fiedler, LPKF Laser & Electronics SE
(IN BRIEF) The Vienna Stock Exchange’s supervisory board has affirmed its commitment to stability and continuity by reappointing Andrea Herrmann as Chief Financial Officer (CFO) during its recent meeting. Herrmann, who has been a member of the management board since … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Investment, Management, News
Tagged Andrea Herrmann, CFO, Christoph Boschan, Petr Koblic, Vienna Stock Exchange
(IN BRIEF) Douglas AG (ISIN: DE000BEAU7Y1) marks a significant milestone as it joins the Prime Standard of the Frankfurt Stock Exchange, commencing trading with an initial listing price of EUR 25.50. The company’s IPO, led by Citigroup, Goldman Sachs, and … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, International Trade, Investment, Management, News
Tagged Douglas AG, Financial, Frankfurt Stock Exchange, investment, partnership
(IN BRIEF) ABL Group ASA (ticker: ABL) has announced the commencement of a share buyback program, aiming to repurchase up to 250,000 of its own shares, representing approximately 0.2% of the outstanding share capital. The program, authorized by the Board … Read the full press release
(IN BRIEF) UniCredit unveils its collaboration with Arena di Verona and Studiopepe at Milan Design Week 2024 with “Uni Sonos,” a groundbreaking installation celebrating women’s empowerment, diversity, and creativity. Featuring costumes from the 100th Arena di Verona Opera Festival, the … Read the full press release
Posted in Apparel, Fashion & Beauty, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Italy, Management, Media, News, Society
Tagged "Uni Sonos", Andrea Orcel, Arena di Verona, Cecilia Gasdia, creativity, diversity, Milan Design Week 2024, partnership, Stefano Poda, Studiopepe, sustainability, UNICREDIT, women empowerment
(IN BRIEF) UniCredit has announced its partnership with the Fondazione Venezia Capitale Mondiale della Sostenibilità (Venice Sustainability Foundation), becoming a co-founding member. With a commitment to fostering sustainability in Venice and its metropolitan region, UniCredit aims to address the complex … Read the full press release
(IN BRIEF) MAPFRE, a prominent insurance company, delves into the potential societal impacts of Generative Artificial Intelligence (Generative AI) by outlining four plausible scenarios for 2029. These scenarios range from a transformational society with ubiquitous Generative AI adoption to a … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Society, Spain, Technology
Tagged Financial, generative AI, investment, José Antonio Arias, MAPFRE, society
(IN BRIEF) SIX, a prominent financial information provider, has announced a strategic investment in BITA, a leading indexing technology and services provider, alongside existing shareholders ETFS Capital, Volta Ventures, and Pamica NV. Recognizing the increasing demand for customizable investment solutions, … Read the full press release
Posted in Business, Economy, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged BITA, BITACore, Financial, investment, Marion Leslie, SIX, Victor Hugo Gomez
(IN BRIEF) ProCredit Group, predominantly active in South Eastern and Eastern Europe, unveils a robust financial performance for the year 2023, reporting a net profit of EUR 113.4 million with a return on equity (RoE) of 12.2%. Operating income surged … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged Financial, Hubert Spechtenhauser, investment, ProCredit Group, sustainability, sustainable growth
(IN BRIEF) ProCredit Group, with a focus on South Eastern and Eastern Europe, unveils its Impact Report for the 2023 financial year, showcasing its robust commitment to sustainability. The report highlights achievements such as the inauguration of the “ProEnergy” solar … Read the full press release
(IN BRIEF) ABN AMRO MeesPierson, the private bank, announces a shift in its equity weighting from neutral to slightly overweighted, citing a more favorable macroeconomic landscape and the potential for interest rate cuts. Chief Investment Strategist Ralph Wessels highlights the … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged ABN Amro, Financial, investment, MeesPierson, Ralph Wessels
(IN BRIEF) Fugro has announced the commencement of a share repurchase program, aiming to buy back 2 million of its ordinary shares to fulfill obligations under its employee share programs. Scheduled to begin on March 20, 2024, and anticipated to … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News, Technology
Tagged Financial, Fugro, investment, share repurchase program
(IN BRIEF) Shell has published its 27th annual Sustainability Report, showcasing progress made in social, safety, and environmental performance throughout 2023. CEO Wael Sawan emphasizes the company’s commitment to creating more value with fewer emissions, noting advancements in reducing carbon … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
