Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Rosneft completes the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela

Moscow, Russia, 5-8-2014 — /EuropaWire/ — Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela. The closure marks the realization of the agreement signed in July 2014 by Rosneft … Read the full press release

Rolls-Royce welcomes International Airlines Group decision to convert eight Airbus A350-900 options into firm orders, powered by Trent XWB engines

London, UK, 5-8-2014 — /EuropaWire/ — Rolls-Royce has welcomed a decision by International Airlines Group (IAG) to convert eight Airbus A350-900 options into firm orders, powered by Trent XWB engines. The engines will have long-term TotalCare® service support. The A350-900 aircraft will go … Read the full press release

RBS remembers the First World War with the launch of new website exploring how the war affected our banks, staff and customers

On the 100th anniversary of the beginning of the First World War, RBS is launching a new website exploring how the war affected our banks, staff and customers. Edinburgh, Scotland, 5-8-2014 — /EuropaWire/ — The RBS Remembers 1914-1918 website is an online resource for … Read the full press release

Deutsche Post DHL boosted revenues and generated strong increase in profitability in the second quarter of 2014

EBIT up strongly to EUR 654 million in the second quarter Full-year guidance for 2014 confirmed; EBIT outlook for 2015 modified Specific earnings targets for 2016 introduced for the first time: EBIT expected to reach EUR 3.4 billion to EUR … Read the full press release

Vodafone and the Belgacom Group renewed their Partner Market agreement in Belgium and Luxembourg for further three years

Berkshire, UK, 5-8-2014 — /EuropaWire/ — Vodafone and the Belgacom Group have renewed their Partner Market agreement in Belgium and Luxembourg for a further three years.* The renewed non-equity Partner Market agreement builds on the strong co-operation that has existed between Vodafone … Read the full press release

Prudential analysis: Since 2011 workers over the age of 60 have seen their earnings rise faster than any other age group

• Average annual earnings for over-60s increased by nearly £1,000 between 2011 and 2013 • Number of over-60s in work has risen by more than 100,000 in two years • Increase in over-60s managers helps drive up average earnings LONDON, … Read the full press release

Enel Green Power, the National Renewable Energy Laboratory and Idaho National Laboratory to explore the potential of EGP’s innovative Stillwater hybrid power plant

The renewable specialist starts its collaboration with two US National Laboratories NREL and INL to use empirical data from the Stillwater Geothermal/Solar Project The parties will jointly explore and quantify the benefits of integrating renewable energy technologies at the same … Read the full press release

The Volkswagen Group reports H1 2014 sales revenue only slightly up on the prior-year period at EUR 98.8 billion

First-half sales revenue only slightly up on the prior-year period at EUR 98.8 billion due to currency-related factors Operating profit rises by 0.4 billion to EUR 6.2 billion Profit before tax grows by 17.5 percent to EUR 7.8 billion Net … Read the full press release

Audi reports its U.S. July 2014 sales increased 11.9% to 14,616 vehicles

Sales for the most recent month rose 11.9% to 14,616 vehicles Demand for the all-new Audi A3 Sedan remained strong deep into its launch year Due to lean inventories, Audi pulled its 2015 model launch ahead Herndon, Va, 4-8-2014 — … Read the full press release

ŠKODA reports increased deliveries, sales revenue and operating profit in the first half of 2014

Record half year: 522,500 deliveries; up 12.5% Sales up 20.3% to six billion euros by the end of June Operating profit increases 74.9% to 425 million euros The most comprehensive model campaign in ŠKODA’s history continues Mladá Boleslav, 4-8-2014 — /EuropaWire/ … Read the full press release

ŠKODA AUTO names Stefan Büscher as the new head of Marketing

Mladá Boleslav, 4-8-2014 — /EuropaWire/ — Stefan Büscher (46) is to take over as the new head of Marketing at ŠKODA AUTO on 1 October, 2014. He succeeds Thomas Owsianski (47), who is Executive Director for ŠKODA’s Marketing and Sales at … Read the full press release

BNP Paribas to acquire 81.39% stake in DAB Bank at 4,78 EUR per share valuing the company at 435 million EUR

PARIS, 4-8-2014 — /EuropaWire/ — BNP Paribas and UniCredit Bank AG‘s management board have reached joint understanding on the acquisition of a 81.39% stake in DAB Bank by BNP Paribas Group at a price of 4,78 EUR per share, thereby valuing 100% of … Read the full press release

Eni discovers gas and condensates in the Nyonie Deep exploration prospect in offshore Gabon

The total estimated potential of these discoveries is approximately 3 billion boe, with potential for further improvement. Milan, 4-8-2014 — /EuropaWire/ — Eni has made an important gas and condensates discovery in the Nyonie Deep exploration prospect located in block D4, approximately … Read the full press release

Eni Myanmar B.V, and the Myanmar Production and Exploration Company Ltd to explore two onshore blocks in the central part of Myanmar

The Joint Venture is between Eni, the Operator with a 90% participating interest through Eni Myanmar B.V, and the Myanmar Production and Exploration Company Ltd (10%). Milan, 4-8-2014 — /EuropaWire/ — Eni, following its participation in the competitive International Bid Round … Read the full press release

Glencore completes sale of Las Bambas copper mine project to consortium owned by MMG Limited, GUOXIN International Investment Corporation Limited and CITIC Metal Co., Ltd.

Baar, Switzerland, 4-8-2014 — /EuropaWire/ — We refer to Glencore plc’s (“Glencore”) announcement on 22 July 2014 relating to the sale of its entire interest in the Las Bambas copper mine project to a consortium owned 62.5% by MMG Limited, 22.5% … Read the full press release

Carmila et Unibail-Rodamco sont entrés en négociations exclusives en vue de l’acquisition de neuf centres commerciaux

PARIS, 31-7-2014 — /EuropaWire/ — Poursuivant sa stratégie de valorisation des centres commerciaux attenants aux hypermarchés Carrefour en Europe, Carmila annonce un nouveau projet de croissance comportant deux volets : En France, Carmila et Unibail-Rodamco sont entrés en négociations exclusives en vue … Read the full press release

HEINEKEN subsidiary BRANA invite US Ambassador and Haitian Government officials to celebrate the sorghum harvest with the farmers

HEINEKEN subsidiary BRANA invite US Ambassador and Haitian Government officials to celebrate the sorghum harvest with the farmers. Amsterdam, 31-7-2014 — /EuropaWire/ — The beginning of the harvest season is cause for celebration for small-scale sorghum farmers and for the Smallholders … Read the full press release

BAWAG P.S.K. und Leder & Schuh International AG geben gemeinsam bekannt, dass die Stiefelkönig Schuhhandels Gesellschaft m.b.H verkauft wurde

Wien, Graz, 31-7-2014 — /EuropaWire/ — BAWAG P.S.K. und Leder & Schuh International AG geben gemeinsam bekannt, dass die Stiefelkönig Schuhhandels Gesellschaft m.b.H verkauft wurde. Der Kaufvertrag wurde am 29.07.2011 zwischen BAWAG P.S.K. und der Leder & Schuh International AG unterzeichnet. Das … Read the full press release

Swisscom connected over one million homes and businesses to ultra-fast broadband with mixture of fibre-optic technologies

BERNE, 31-7-2014 — /EuropaWire/ — Swisscom has connected over a million homes and businesses to ultra-fast broadband. Thanks to a mixture of fibre-optic technologies, customers are benefiting from more bandwidth – even outside the major conurbations. Since the start of 2014, … Read the full press release

European Central Bank released the euro area bank lending survey results for July 2014

Credit standards on loans to enterprises were eased by banks in net terms, for the first time since the second quarter of 2007. Banks reported a narrowing of their margins on riskier loans to enterprises, for the first time since … Read the full press release