Category Archives: Business

Business Press Releases & News distributed via EuropaWire

UniCredit Sponsors Youth America’s Cup, Nurturing Next Generation of Sailors

(IN BRIEF) UniCredit has announced its support for the third edition of the Youth America’s Cup and will serve as the naming partner for the UniCredit Youth America’s Cup Regatta. Scheduled from September 17th to 26th in Barcelona, the event … Read the full press release

Eni Successfully Wraps Up Cronos-2 Well Appraisal in Offshore Cyprus

(IN BRIEF) Eni has completed the Cronos-2 well appraisal in Block 6, offshore Cyprus, confirming a production capacity exceeding 150 MMSCFD. The well aimed to assess the extension and reservoir characteristics of the Cronos gas discovery, proving hydraulic communication and … Read the full press release

Stellantis Approves €3 Billion Share Buyback Program to Enhance Shareholder Value

(IN BRIEF) Stellantis has announced the approval of a share buyback program worth up to €3 billion, reflecting the company’s robust financial position and commitment to delivering value to shareholders. The program, to be executed on the market, will involve … Read the full press release

Stellantis Achieves Record Financial Performance in 2023, Proposes Increased Dividend and Share Buyback

(IN BRIEF) Stellantis N.V. has announced its exceptional full-year 2023 results, with net revenues soaring to €189.5 billion, a 6% increase year-on-year, accompanied by a remarkable 11% rise in net profit to €18.6 billion. The company also reported a substantial … Read the full press release

Stellantis Announces Record Employee Payouts Totaling Nearly €1.9 Billion

(IN BRIEF) Stellantis has revealed its plans to distribute close to €1.9 billion this year to employees worldwide, based on the company’s impressive 2023 financial results and global achievements. This marks a significant milestone since the formation of Stellantis just … Read the full press release

Schneider Electric Achieves Record Sustainability Impact Score in 2023

(IN BRIEF) Schneider Electric, a global leader in energy management and automation, has announced its exceptional sustainability performance for 2023 alongside its annual financial results. Surpassing expectations, the Schneider Sustainability Impact (SSI) score reached 6.13 out of 10, exceeding the … Read the full press release

GSK Expands Respiratory Biologics Portfolio with Aiolos Bio Acquisition

(IN BRIEF) GSK plc has finalized the acquisition of Aiolos Bio, bolstering its respiratory biologics portfolio with AIO-001, a promising long-acting anti-TSLP monoclonal antibody for treating asthma. AIO-001, set to enter phase II clinical trials, targets severe asthma patients with … Read the full press release

Stadler and SBB Expand Rail Connectivity with Five New Giruno High-Speed Trains

(IN BRIEF) Swiss rail operator SBB has placed an order for five additional Giruno high-speed trains from Stadler, aiming to bolster its international services to Italy and enhance accessibility and comfort for passengers. Manufactured at Stadler’s production plant in Bussnang, … Read the full press release

Outokumpu and V-ZUG Pioneer Green Stainless Steel for Sustainable Appliances

(IN BRIEF) Outokumpu, a leader in sustainable stainless steel, joins forces with V-ZUG, a Swiss premium home appliance manufacturer, to introduce the world’s first towards-zero stainless steel. Utilizing Outokumpu Circle Green®, boasting up to a remarkable 93% reduction in carbon … Read the full press release

thyssenkrupp’s Fiscal Performance Aligned with Expectations Despite Market Challenges

(IN BRIEF) thyssenkrupp’s operational performance in the first quarter of the 2023/2024 fiscal year remained steady amidst a challenging market landscape. With order intake at €8.0 billion and sales at €8.2 billion, the company faced economic effects leading to declines, … Read the full press release

European Investment Bank Group Records Historic €2.91 Billion Financing for Swedish Projects in 2023

(IN BRIEF) In 2023, the European Investment Bank Group (EIB Group) provided a record-breaking €2.91 billion in financing for 32 projects in Sweden. The majority of funding (76.7%) was allocated to climate action and environmental sustainability initiatives, with notable support … Read the full press release

ABP Southampton Sponsors Southampton Hospitals Charity’s Light the South Art Trail

(IN BRIEF) ABP Southampton proudly announces its sponsorship of the Southampton Hospitals Charity Light the South Art Trail, which will feature 40 8ft lighthouses spread across Southampton and Cowes on the Isle of Wight during the summer. This community event … Read the full press release

Skanska Commits PLN 126M to Eco-Friendly Residential Project ‘Stilla’ in Warsaw

(IN BRIEF) Skanska, a leading construction company, is investing PLN 126 million in the development of the residential project “Stilla” in Warsaw, Poland. The project comprises two adjacent buildings with a total of 179 apartments, featuring innovative eco-friendly solutions aimed … Read the full press release

EBRD Invests €90 Million in Eko-Okna to Boost Polish Manufacturing Sector

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering the growth of Poland’s manufacturing sector by providing a €90 million loan to Eko-Okna, a prominent producer of energy-efficient windows and doors in Poland. This investment will fund … Read the full press release

NWB Bank and EIB Sign €400 Million Agreement to Boost Dutch Water Infrastructure

(IN BRIEF) The Nederlandse Waterschapsbank (NWB Bank) and the European Investment Bank (EIB) have joined forces in a €400 million loan agreement aimed at enhancing flood protection and water quality in the Netherlands. Under this partnership, NWB Bank will lend … Read the full press release

ABN AMRO Bank Reports Strong Q4 Performance and Sets Ambitious Financial Targets for 2026

(IN BRIEF) ABN AMRO Bank concludes Q4 2023 with a net profit of EUR 545 million, showcasing continued high net interest income and impairment releases. The bank’s strategic focus on digital transformation and sustainable finance regulation contributed to these results. … Read the full press release

ABN AMRO Launches €500 Million Share Buyback Program to Enhance Capital Structure

(IN BRIEF) ABN AMRO announces the commencement of its third share buyback program, with plans to repurchase depositary receipts and ordinary shares of ABN AMRO Bank N.V. worth up to €500 million. The buyback, approved by the ECB, aims to … Read the full press release

ABN AMRO Leads in Sustainable Finance with Updated Green Bond Framework

(IN BRIEF) ABN AMRO announces the publication of an updated Green Bond Framework and Second Party Opinion on its corporate website, reaffirming its commitment to sustainable finance. As one of the first banks in Europe to issue green bonds in … Read the full press release

Vodafone Portugal Leads Global Deployment of Ericsson’s Energy-Efficient Triple-Band Radio 4485

(IN BRIEF) Vodafone Portugal has partnered with Ericsson to pioneer the deployment of Ericsson’s energy-efficient Radio 4485, making it the first service provider globally to implement this technology. The radio, deployed in Portugal’s 5G network, promises substantial energy savings of … Read the full press release

Loughborough University’s Professor Tim Watson Appointed Director of Science and Innovation at The Alan Turing Institute

(IN BRIEF) Professor Tim Watson, Director of the Cyber Security Centre at Loughborough University, has been appointed as one of four new Directors of Science and Innovation at The Alan Turing Institute. Tasked with addressing significant societal challenges, the appointments … Read the full press release