Category Archives: Business

Business Press Releases & News distributed via EuropaWire

The European Commission adopted communication on shadow banking and proposed new rules for money market funds (MMFs)

04-9-2013 — /EuropaWire/ — The Commission has today adopted a communication on shadow banking and proposed new rules for money market funds (MMFs). The communication is a follow-up to last year’s Green Paper on Shadow Banking (IP/12/253). It summarises the work undertaken so far by … Read the full press release

HSBC introduced unbeatable mortgage rates on the High Street at 90% LTV to First-Time Buyers

04-9-2013 — /EuropaWire/ — Bank pledges to offer unbeatable rates on High Street to FTBs On Monday 2nd September HSBC will launch ‘First for First-Time Buyers’, offering unbeatable mortgage rates on the High Street at 90% LTV.1 The ‘Best High Street Mortgage Provider’2 pledges … Read the full press release

Rolls-Royce signed $13.7M contract to replace plant process computers at Luminant’s Comanche Peak Nuclear Power Plant near Glen Rose, Texas

Dallas, TX, 04-9-2013 — /EuropaWire/ — Rolls-Royce has won a $13.7 million contract to replace the plant process computers (PPC) for the two generating units at Luminant’s Comanche Peak Nuclear Power Plant located near Glen Rose, Texas. Comanche Peak has two pressurized water reactors … Read the full press release

Rosneft top managers increased their shareholdings in the Company’s charter capital

04-9-2013 — /EuropaWire/ — Rosneft top managers increased their interests in the Company’s charter capital. Considerable shareholdings in the Company’s charter capital were acquired by Rosneft Vice Presidents Eric Maurice Liron, Zeljko Runje and Igor Maydannik: Eric Maurice Liron, First Vice President … Read the full press release

Online and telephone bank First Direct reduces rates on its Offset and Repayment mortgages and focuses on fee free mortgages

04-9-2013 — /EuropaWire/ — On Friday 23 August first direct, winner of Moneywise Most Trusted Mortgage Provider, reduced the rates on eleven of its Offset and Repayment mortgages by up to 0.2% to provide even better value to customers.  Borrowers with 25-35% deposit or equity are … Read the full press release

Rolls-Royce announced the 4,500 tonne Syncrolift shiplift installed in New Song Thu shipyard Vietnam now open for business

04-9-2013 — /EuropaWire/ — Rolls-Royce announced today that the largest capacity Syncrolift® shiplift to be built in Vietnam is now officially open for service. The Syncrolift has been installed as a key element of a major new shipbuilding and ship repair development at … Read the full press release

Orange appointed Arnaud Castille Executive VP for Mergers and Acquisitions

Arnaud Castille joined Orange as Executive Vice President for Mergers and Acquisitions on 26 August 2013. Paris, 03-9-2013 — /EuropaWire/ — He replaced Vincent Benoît, who has left the Group. Arnaud previously served as a Director in the M&A Department at the … Read the full press release

Barclays PLC announced Bob Hoyt appointment as Group General Counsel

03-9-2013 — /EuropaWire/ —  Barclays PLC has announced the appointment of Bob Hoyt as Group General Counsel. He will succeed Mark Harding in this role, whose intention to retire was announced in February 2013. Mr Hoyt is expected to take up … Read the full press release

RWE Innogy received permits by German Federal Maritime and Hydrographic Agency for 108 additional wind turbines for the Innogy Nordsee offshore wind farm 2 and 3

Construction of 108 additional wind turbines approved Permit for Germany’s largest offshore wind farm cluster (approx. 1,000 MW) Important contribution to enhancing value of project portfolio 03-9-2013 — /EuropaWire/ — RWE Innogy yesterday received the permits for the Innogy Nordsee offshore wind … Read the full press release

England’s 1966 World Cup goalkeeper star Gordon Banks joins Barclays’s campaign to help nation’s older generation discover Internet

England’s 1966 World Cup goalkeeper star back in the net to get older people online Barclays research finds older people could net savings of £742 a year by getting online “Bank and Banks” create 3,500 “Digital Eagles” to mentor those … Read the full press release

EU-funded project PETROBOT develops robots to replace humans in inspections of pressure vessels and storage tanks widely used in the oil, gas and petrochemical industry

03-9-2013 — /EuropaWire/ — The European Commission, together with a consortium of ten European companies led by Shell, launches today the PETROBOT project, which will develop robots which can replace humans in inspections of pressure vessels and storage tanks widely used in … Read the full press release

The European Commission clears Austrian authorities plan to orderly wind down the Austrian bank Hypo Group Alpe Adria (HGAA)

03-9-2013 — /EuropaWire/ — The European Commission has approved a plan to orderly wind down the Austrian bank Hypo Group Alpe Adria (HGAA). The Commission found that the plan presented by the Austrian authorities is compatible with EU state aid rules. Together … Read the full press release

RWE Innogy, Stadtwerke München, Siemens joint venture project Gwynt y Môr Offshore Wind Farm begins generating electricity

Gwynt y Môr begins generating electricity Joint venture project of RWE Innogy, Stadtwerke München and Siemens making good progress Complete commissioning planned for 2014 Gwynt y Môr Offshore Wind Farm has officially generated and exported its first electricity, on track … Read the full press release

Zurich Insurance Group’s Chairman Josef Ackermann announced resignation

Zurich, 03-9-2013 — /EuropaWire/ — Zurich Insurance Group (Zurich) announces that the Chairman, Josef Ackermann, has informed the Board of Directors that he is resigning from all his functions as a Board member with immediate effect. The Board of Directors respects and … Read the full press release

Vodafone sold its 45% stake in Verizon Wireless to Verizon Communications Inc for £84B ($130B) in deal representing 9.4x EV / LTM EBITDA and 13.2x EV / LTM OpFCF

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION US$84 BILLION EXPECTED RETURN TO SHAREHOLDERS £6 BILLION … Read the full press release

The European Stability Mechanism to launch its inaugural long-term bond issue in October, 2013

Luxembourg, 02-9-2013 — /EuropaWire/ — The European Stability Mechanism (ESM) will launch its inaugural long-term bond issue in October, subject to market conditions. Investor marketing activities are currently being held in preparation for this inaugural bond. The ESM successfully started its bill … Read the full press release

Pernod Ricard reports solid performance in 2012/13 during less favourable macro-economic environment

02-9-2013 — /EuropaWire/ — In 2012/13, Pernod Ricard delivered asolid performance within, as anticipated, a less favourable environment than in 2011/12: Organic growth in profit from recurring operations was 6%(1), in line with the stated guidance. Emerging markets(2) maintained double-digit growth(1) (+10%) despite a slowdown in the … Read the full press release

The EXOR Group reports €1,671.8 million consolidated profit in 1st Half 2013 Results

Turin, Italy, 02-9-2013 — /EuropaWire/ — The EXOR board of directors’ meeting, chaired by John Elkann, met today in Turin and approved the consolidated results for first half of 2013. At June 30, 2013 EXOR’s Net Asset Value (NAV) is €8,533 million. This … Read the full press release

Vodafone confirms discussions with Verizon Communications Inc. regarding the disposal of Vodafone’s US group for $130 billion

02-9-2013 — /EuropaWire/ — Vodafone confirms that it is in advanced discussions with Verizon Communications Inc. regarding the disposal of Vodafone’s US group whose principal asset is its 45% interest in Verizon Wireless for US$130 billion. The consideration would substantially comprise a … Read the full press release