Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Banif – Banco Internacional do Funchal, S.A. registered €70,795,220 share capital increase through the issue of 7,079,522,043 new shares

Lisbon, Portugal, 30-10-2013 — /EuropaWire/ — Banif – Banco Internacional do Funchal, S.A. informs that, on the present date, it has registered a share capital increase in the amount of €70,795,220, through the issue of 7,079,522,043 new shares. Following this capital increase, the share … Read the full press release

UK’s lobbying organisation CBI: High street sales stall but growth expected to return

London, UK, 30-10-2013 — /EuropaWire/ — High street sales were flat in the year to October, disappointing retailers’ expectations for another solid rise, but robust growth is expected to return next month, the CBI said today. The CBI’s latest monthly Distributive Trades … Read the full press release

Rio Tinto sold its 50.1% interest in the Clermont Joint Venture to Glencore Xstrata and Sumitomo owned GS Coal Pty Ltd for US$1.015 billion

London, United Kingdom, 30-10-2013 — /EuropaWire/ — Rio Tinto has reached a binding agreement for the sale of its 50.1 per cent interest in the Clermont Joint Venture to GS Coal Pty Ltd, a company jointly owned by Glencore Xstrata and Sumitomo … Read the full press release

Euro area Business Climate Indicator (BCI) continued upward trend in October 2013

Brussels, Belgium, 30-10-2013 — /EuropaWire/ — In October 2013, the Business Climate Indicator (BCI) for the euro area continued the upward trend that started in May 2013. It increased by 0.18 points to 0.01, close to its historic long-term average. The assessments … Read the full press release

EC to reduce costs and simplify administration for the construction sector across EU

Brussels, Belgium, 30-10-2013 — /EuropaWire/ — Today the Commission took another step to simplify administration and reduce costs for businesses in the construction sector. According to the Commission’s proposal, manufacturers of construction products (e.g. bricks, insulation, doors etc.) will be able to … Read the full press release

The European Central Bank (ECB) published its report on October 2013 euro area bank lending survey results

Frankfurt am Main, Germany, 30-10-2013 — /EuropaWire/ —  The European Central Bank (ECB) is publishing its report on the results of the October 2013 euro area bank lending survey today. The bank lending survey, which is conducted four times a year, … Read the full press release

Practical guidelines on 2015 VAT change released by EC

Brussels, Belgium, 30-10-2013 — /EuropaWire/ — The Commission has today published practical guidelines to prepare businesses for the new VAT rules for telecoms and e-services, which will enter into force in 2015. The aim is to help businesses to be fully prepared … Read the full press release

TeliaSonera’s Omnitel acquired two licenses in the 800 MHz spectrum to develop 4G network in Lithuania

TeliaSonera has acquired two licenses in the 800 MHz spectrum to develop the 4G network, in an auction held by Lithuanian Communications Regulatory Authority. Stockholm, Sweden, 28-10-2013 — /EuropaWire/ — The 800 MHz frequencies will enable a roll-out of 4G services in … Read the full press release

EU and China discussed open economies challenges and opportunities at 4th EU-China High Level Economic and Trade Dialogue

Brussels, Belgium, 25-10-2013 — /EuropaWire/ — The EU and China held their fourth High Level Economic and Trade Dialogue (HED) on 24 October in Brussels. The overarching theme of the meeting was how the EU and China can address challenges and create … Read the full press release

Progress is made on the 3rd Round of EU-Japan Trade Talks, focus was on the future Free Trade Agreement text

Brussels, Belgium, 25-10-2013 — /EuropaWire/ — The third round of EU-Japan Free Trade Agreement negotiations took place in the week of the 21-25 October in Brussels. This round of negotiations focussed on discussing each side’s proposals for the text of the future … Read the full press release

Telenor Sweden acquired Tele2 Sweden AB’s fibre and cable consumer market business for SEK 775 million

Stockholm, Sweden, 25-10-2013 — /EuropaWire/ — Telenor Sweden (Telenor) is continuing its commitment in broadband and television services and buys Tele2 Sweden AB (Tele2) fibre and cable business serving the consumer market for a cash sum of SEK 775 million. In 2012, … Read the full press release

Vivendi settled dispute in international arbitration with State of Argentina over 1997 water contract termination

Paris, France, 25-10-2013 — /EuropaWire/ — Vivendi announced today that it has settled a dispute with the State of Argentina resulting from the termination of a water contract in Tucuman province in August 1997. As a result of an international arbitration, Vivendi … Read the full press release

Vivendi divested 85% interest in Activision Blizzard for $8.2 billion in cash

Paris, France, 25-10-2013 — /EuropaWire/ — Vivendi announced today the completion of the divestment of over 85% of its interest in Activision Blizzard. The Group has received cash proceeds totaling $8.2billion. This divestment represents a major step forward in the strategic review Vivendi … Read the full press release

SNS REAAL NV announced change in its supervisory board

Utrecht, the Netherlands, 24-10-2013 — /EuropaWire/ — Piero Overmars, Jaap Lagerweij, Robert Jan van de Kraats and Herna Verhagen will resign from the Supervisory Board of SNS REAAL NV (the Supervisory Board) per 1 November 2013. At the Extraordinary General Meeting of … Read the full press release

CFO of Energetický a průmyslový holding Pavel Horsk named The CFO of the Year 2013 by CFO-Insight.com

Prague, Czech Republic, 24-10-2013 — /EuropaWire/ — The well-respected CFO-Insight.com website has given The CFO of the Year 2013 award to Pavel Horský, CFO of Energetický a průmyslový holding (“EPH”). Pavel Horský accepted the award at a gala evening in Warsaw. Pavel … Read the full press release

VimpelCom announced it will be included in NASDAQ-100 Index® effective October 29, 2013

Amsterdam, the Netherlands, 24-10-2013 — /EuropaWire/ — “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NASDAQ:VIP), a leading global provider of telecommunications services, announces that the Company will be added to the NASDAQ-100 Index® effective October 29, 2013. “NASDAQ-100 Index inclusion is an important milestone … Read the full press release

SGL Group announced will close its Canadian graphite electrode facility located in Lachute, Quebec

Closure is part of the “SGL2015” cost savings program Operations will begin to wind down at the end of the year with expected completion within Q1/2014 110 employees impacted Wiesbaden / Lachute (QE, Canada), 24-10-2013 — /EuropaWire/ —  SGL Group – The … Read the full press release

FAO & EBRD promoted Fourth Ukrainian Grain Congress in Kiev gathered more than 200 influential experts and key international stakeholders

Kiev, Ukraine, 24-10-2013 — /EuropaWire/ — More than 200 influential experts, from the Ukrainian grain industry, public sector institutions, academia and international organisations participated at the Fourth Ukrainian Grain Congress in Kiev today. The Congress, promoted by the Food and Agriculture Organization … Read the full press release

GlaxoSmithKline delivers Q3 core EPS of 28.9p (+16% CER) and dividend of 19p (+6%)

London, UK, 23-10-2013 — /EuropaWire/ — GSK announces Q3 core EPS growth of 16% and dividend of 19p Core EPS 28.9p (+16%) benefiting from operating, financial and long-term cost efficiencies Pharma & Vaccines sales flat: US +2%, Europe +5%, Japan +2% offset by … Read the full press release

International real estate advisor Savills and US’s largest retail focused real estate firm SRS Real Estate Partners formed strategic alliance

London, UK, 23-10-2013 — /EuropaWire/ — International real estate advisor Savills has announced the formation of a strategic alliance with SRS Real Estate Partners (SRS) – the largest real estate firm exclusively dedicated to servicing retail clients in the US. The arrangement … Read the full press release