Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Ernst & Young LLP and YourEncore partner to help life sciences and consumer products clients accelerate product development, strengthen regulatory compliance, and improve productivity

New York and Indianapolis, 11-8-2015 — /EuropaWire/ — Ernst & Young LLP and YourEncore have formed a strategic alliance to provide end-to-end offerings designed to help life sciences and consumer products clients accelerate product development, strengthen regulatory compliance, and improve productivity. This … Read the full press release

Bank of England: Prudential Regulation Authority (PRA) censures Co-operative Bank Plc for serious risk management and transparency failings

LONDON, 11-8-2015 — /EuropaWire/ — Following an enforcement investigation into the Co-operative Bank Plc (Co-op Bank) the Prudential Regulation Authority (PRA), supported by a team of investigators at the Financial Conduct Authority (FCA), has found that there were serious and … Read the full press release

New exchange-listed sector index fund issued by State Street Global Advisors(SPDR) tradable on Xetra and Börse Frankfurt

FRANKFURT, 11-8-2015 — /EuropaWire/ — A new exchange-listed sector index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra and Börse Frankfurt since Tuesday. Name: SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF Asset … Read the full press release

Ageas to establish a joint venture in Vietnam branded MB Ageas Life

Ageas and Muang Thai Life Assurance have signed an agreement with Military Commercial Joint Stock Bank (“Military Bank”) to establish a joint venture in Vietnam, which will be branded MB Ageas Life. BRUSSELS, 10-8-2015 — /EuropaWire/ — Under the agreement, … Read the full press release

400 apprentices join RBS; to receive a job at the end of their apprenticeship

EDINBURGH, 10-8-2015 — /EuropaWire/ — A couple of weeks ago we marked the launch of our apprenticeship scheme and I’m delighted we’ve committed to recruiting 400 apprentices over our next intake. They’ll be working alongside all of us at the bank … Read the full press release

Lloyds Bank research: UK household savings grown more than sixfold (452%) over the past 40 years

Average savings per household has increased four-fold from £36,989 in 1975 to £145,566 Over a third of savings held in deposits, but proportion held in shares continues to fall Sixteen fold increase in value of pensions drives growth in household … Read the full press release

Sechs führende Lebensmittelhändler vereinen Stärke und Expertise im internationalen Bündnis ALIDIS

HAMBURG, 7-8-2015 — /EuropaWire/ — Die Mitglieder der CORE Allianz Colruyt (Belgien), Conad (Italien) und Coop Schweiz sind ALIDIS, der internationalen Einkaufskooperation von EDEKA (Deutschland), Groupement des Mousquetaires/Intermarché (Frankreich) und Eroski (Spanien), beigetreten. ALIDIS schafft eine breite Marktpräsenz und wird … Read the full press release

Aviva signed an exclusive seven-year distribution agreement with TSB to underwrite general insurance products under the TSB brand through 600 branches and digital platforms

Seven-year exclusive distribution agreement to underwrite general insurance products under the TSB brand through 600 branches and digital platforms 4.7 million TSB customers to benefit from modular home insurance that allows them to design their own insurance package Consolidates Aviva’s … Read the full press release

Ageas confirms exclusive negotiations to acquire AXA’s share in its Portuguese insurance operations for EUR 190.8 million

BRUSSELS, 7-8-2015 — /EuropaWire/ — Ageas today confirms exclusive negotiations and intention to acquire AXA’s share in its Portuguese insurance operations for a total consideration of EUR 190.8 million¹ AXA’s Portuguese operations comprise a Non-Life business (99.7% stake), a Direct/internet … Read the full press release

AXA received an irrevocable offer from Ageas for the potential sale of its Portuguese operations that would value 100% of AXA’s Portuguese operations at EUR 197.5 million

PARIS, 7-8-2015 — /EuropaWire/ — AXA announced today that it has received an irrevocable offer from Ageas for the potential sale of its Portuguese operations, including in particular its entire stake in AXA Portugal Companhia de Seguros SA (“P&C Business”), … Read the full press release

SABMiller names Johann Nel as Group Human Resources Director with effect from 14 September 2015

LONDON, 7-8-2015 — /EuropaWire/ — SABMiller has appointed Johann Nel as Group Human Resources Director with effect from 14 September 2015, in succession to Tony van Kralingen, whose intended retirement was announced in April 2015. Johann is currently running his … Read the full press release

SOLUNION: Las insolvencias disminuirán en España un 18% en 2015

El informe analizado por SOLUNION, que monitoriza 72 países, destaca los sectores Farmacéutico y Agroalimentación como los de mejor perfil de riesgo. Metal y Construcción son los sectores que mayores retos enfrentan, con una calificación global Sensible. MADRID, 6-8-2015 — /EuropaWire/ … Read the full press release

Klöckner & Co SE reports for increased sales due to exchange rate changes by 4.3% to €3.4 billion in first half of 2015

Sales currency related up by 4.3% to €3.4 billion, despite market driven lower prices and volumes Gross profit margin down from 19.3% to 18.6% due deteriorating steel prices in the US and Switzerland; EBITDA before restructuring expenses accordingly down from … Read the full press release

airberlin increased its load factor in July

BERLIN, 6-8-2015 — /EuropaWire/ — In July, airberlin increased its load factor, which can be attributed to a consistent capacity consolidation. In this popular holiday month, a total of 3,247,357 passengers traveled with airberlin. The decrease in the number of … Read the full press release

Tokio Marine Kiln appoints Louis Robertson as Fine Art and Specie Underwriter in its London office

LONDON, 6-8-2015 — /EuropaWire/ — Tokio Marine Kiln, the leading provider of specialist and corporate insurance, has appointed Louis Robertson as Fine Art and Specie Underwriter in its London office. Louis brings more than a decade of experience in Fine … Read the full press release

Wood Group Mustang releases the ENVision real-time environmental information management software system for process and industrial plants

HOUSTON, 6-8-2015 — /EuropaWire/ — Wood Group Mustang has released the ENVision real-time environmental information management software system for process and industrial plants. The system provides emissions monitoring, troubleshooting, data gathering, interpretation and complete reporting to regulatory agencies. ENVision constantly … Read the full press release

Saxo Bank announces the appointment of Søren Kyhl as COO and member of the Management Board effective from January 1st 2016

Saxo Bank, the online multi-asset trading and investment specialist, today announces the appointment of Søren Kyhl as Chief Operating Officer (COO) and member of the Management Board effective from January 1st 2016. COPENHAGEN, 6-8-2015 — /EuropaWire/ — Saxo Bank, the … Read the full press release

voestalpine Group reports strong revenue and earnings in the first three months of the business year 2015/16

Higher revenue and a significant rise in earnings due to positive operating results and non-recurring effects Revenue goes up from EUR 2.83 billion in the first quarter of 2014/15 to EUR 3.0 billion in the quarter under review, an increase … Read the full press release

MAXIMA GRUPĖ consolidated turnover grew 2.6 per cent during the first half of Y2015 as compared with the same period last year

Vilnius, Lithuania, 5-8-2015 — /EuropaWire/ — During the first half of Y2015, the consolidated turnover of MAXIMA GRUPĖ companies grew 2.6 per cent as compared with the same period last year, and reached 1.28 billion Eur without VAT. This year it … Read the full press release

Repower downgrades its earnings expectations due to low energy prices and strong Swiss franc

Poschiavo, Switzerland, 5-8-2015 — /EuropaWire/ — The predictions accompanying publication of Repower’s last annual results − that with energy prices low and the Swiss franc so strong, the market environment would continue to be challenging in 2015 − have proven … Read the full press release