Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Savills Supports Legacy Hotels & Resorts in Developing Bespoke ESG Strategy

(IN BRIEF) Savills Sustainability Consultancy has successfully assisted Legacy Hotels & Resorts in creating a customized Environmental, Social, and Governance (ESG) strategy that will guide the company’s goals over the next three years. Legacy Hotels & Resorts, a prominent hotel … Read the full press release

University of Warwick Innovation Campus in Stratford-upon-Avon Advances Growth Plans

(IN BRIEF) The University of Warwick’s plans to expand its Innovation Campus in Stratford-upon-Avon have taken a significant step forward as Stratford-on-Avon District Council has approved a Supplementary Planning Document (SPD) to guide its long-term growth. The SPD, designed and … Read the full press release

Volkswagen Targets 40% Growth in Brazil with Extensive Electric Vehicle Offensive

(IN BRIEF) Volkswagen is set to achieve significant growth in South America, particularly in Brazil, through a major product offensive. The company aims to expand by 40% in the region’s largest market by 2027. As part of this plan, Volkswagen … Read the full press release

Logicor Raises Funds for Horizons Scholarship Program Through Charity Cycling Event

(IN BRIEF) Logicor, together with its business partners, has raised PLN 31,000 (EUR 7,000) for the Horizons Scholarship Program by the Roman Czernecki Educational Foundation (EFC). The initiative was carried out through “Race’n’Raise,” a charity cycling race covering a 300 … Read the full press release

BAE Systems Awarded £870m Contract to Enhance Royal Air Force’s Typhoon Fighter Jets with New Radar

(IN BRIEF) The UK Ministry of Defence (MOD) has granted BAE Systems an £870m contract to develop and deliver a new radar system for the Royal Air Force’s (RAF) Typhoon fighter jet fleet. This radar will enhance the aircraft’s control … Read the full press release

Bentley Expands ‘Extraordinary Women’ Programme, Inspiring Female Talent in STEM and Automotive

(IN BRIEF) Bentley’s global initiative, the ‘Extraordinary Women’ programme, continues to grow with the selection of exceptional students from the United Kingdom and Saudi Arabia. Aimed at inspiring the next generation of female talent in technology, engineering, design, and business, … Read the full press release

BASF Launches Carbon-Neutral UV Acrylic Hotmelt AcResin® for Sustainable Adhesives

(IN BRIEF) BASF, a leading chemical company, has introduced a range of UV acrylic hotmelt products called acResin®, which have a cradle-to-gate product carbon footprint (PCF) of zero kg CO2e/kg. The new offerings, including acResin® ZeroPCF A 260 UV, A … Read the full press release

Barclays Supports Moray West Offshore Wind Farm, Paving the Way for Scotland’s Renewable Energy Goals

(IN BRIEF) Barclays has provided a £95.5 million loan to Moray West, an offshore wind farm development in the Moray Firth, Scotland. The project aims to supply 50 percent of Scotland’s electricity, powering approximately 1.33 million homes and reducing CO2 … Read the full press release

Aegon Completes Consolidation with a.s.r., Becomes Second-Largest Insurance Company in the Netherlands

(IN BRIEF) Aegon has announced the successful completion of its consolidation with a.s.r., combining its Dutch pension, life and non-life insurance, banking, and mortgage origination activities. In exchange for the consolidation, Aegon received EUR 2.2 billion in cash and a … Read the full press release

NatWest Group Urges Collaboration for Advancing Open Banking and Overcoming Economic Challenges, According to Oxera Report

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest Group has commissioned a report by Oxera, an economics and finance consultancy firm, on the potential of Open Banking. The report highlights the economic obstacles hindering the wider adoption of Open Banking and the development of innovative … Read the full press release

Strategic Mergers Pay Off: Polish ORLEN Gains Momentum with Austrian Fuel Station Expansion

(IN BRIEF) ORLEN, following its mergers with Grupa LOTOS and PGNiG, is set to acquire 266 fuel stations in Austria, operating under the Turmöl brand. This acquisition will make ORLEN one of the top three fuel networks in Austria, with … Read the full press release

Rheinmetall, Northrop Grumman, and Lockheed Martin Forge Partnership for Ultramodern F-35A Production Facility in Weeze, Germany

(IN BRIEF) Rheinmetall, in partnership with Northrop Grumman and Lockheed Martin, is planning to construct a cutting-edge factory in Weeze, Germany, for the production of fuselage sections for the F-35A Lightning II aircraft. The facility will produce at least 400 … Read the full press release

SEB Outperforms Competitors to Become No. 1 FX Bank in the Nordics

(IN BRIEF) SEB, a leading Nordic bank, has been rated as the best foreign exchange (FX) bank in the region according to Prospera’s survey, Foreign Exchange Nordics 2023. SEB’s top ranking reflects its dedication, proactivity, and strong customer focus. Despite … Read the full press release

Alfa Laval and Partners Collaborate to Develop High-Capacity Hydrogen Refuelling Stations for Heavy-Duty Vehicles

(IN BRIEF) Alfa Laval, along with eight other industrial companies, is partnering to develop high-capacity hydrogen refuelling stations for heavy-duty vehicles as part of the EU’s HORIZON Europe funding program. The project aims to support the transition of the transportation … Read the full press release

Financial Markets Association Urges Balanced Approach in Sustainability Due Diligence Directive Talks

(IN BRIEF) The Association for Financial Markets in Europe (AFME) has released a position paper urging negotiators to address important issues in the Corporate Sustainability Due Diligence Directive (CSDDD) proposal. As trilogue negotiations take place, AFME calls for a practical … Read the full press release

Continental Tires Releases White Paper on Efficient and Sustainable Fleet Management

(IN BRIEF) Continental Tires has released a white paper titled “Efficient Fleet Management – Digital, Connected, and Sustainable,” addressing the challenges faced by vehicle fleets in Europe. The paper emphasizes the importance of sustainability and digitalization in fleet management. With … Read the full press release

Saab Secures SEK 400 Million Order for Carl-Gustaf M4 Weapons from Australia

(IN BRIEF) Saab, a leading defense and security company, has received a SEK 400 million order from the Australian Department of Defence for additional Carl-Gustaf M4 weapons. The order includes deliveries of the weapons equipped with Saab’s new Fire Control … Read the full press release

Loughborough’s Hub for Skills Training and Business Support Relaunches with Town Deal Funding

(IN BRIEF) The Careers and Enterprise Hub in Loughborough has relaunched after receiving additional funding from the Loughborough Town Deal. The hub, managed by advisors from Loughborough University and Loughborough College, celebrated its reopening by hosting a recruitment fair that … Read the full press release

Groupe Figaro in Exclusive Talks to Acquire Gala Magazine from Vivendi’s Prisma Media

(IN BRIEF) Vivendi has announced that its subsidiary, Prisma Media, is in exclusive negotiations with Groupe Figaro for the sale of Gala magazine. The sale is a requirement for the European Commission’s approval of Vivendi’s combination with the Lagardère group. … Read the full press release

EIF Provides €3 Million Loan to Patria Credit to Expand Access to Finance for Romanian Micro-Farms

(IN BRIEF) The European Investment Fund (EIF) has signed a €3 million subordinated loan agreement with Patria Credit IFN to support micro-farms and expand access to finance in Romania. The transaction, backed by InvestEU, aims to help Patria Credit reach … Read the full press release