Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

AstraZeneca’s Fasenra Approved in EU for Treating Rare Vasculitis, Offering New Hope for EGPA Patients

(IN BRIEF) AstraZeneca’s Fasenra (benralizumab) has been approved in the European Union as an add-on treatment for adults with eosinophilic granulomatosis with polyangiitis (EGPA), a rare and severe form of vasculitis. The approval follows positive results from the MANDARA Phase … Read the full press release

Metso Partners with Hindalco to Supply Advanced Refinery Equipment for New Precious Metals Facility in India

(IN BRIEF) Metso has received an order from Hindalco Industries, part of the Aditya Birla Group, to provide engineering services and key equipment for a new precious metals refinery in Gujarat, India. This state-of-the-art facility, set to be commissioned within … Read the full press release

Saab Secures GBP 20 Million Amendment to Enhance British Army Training in Oman

(IN BRIEF) Saab has signed a GBP 20 million amendment to its existing training contract with the UK Ministry of Defence, enhancing support for British Army training in Oman. The deal, which includes deliveries through 2024 and 2025, provides advanced … Read the full press release

Continental’s SportContact 7 Tires Power the New 1,000 HP BRABUS ROCKET GTS Supercar

(IN BRIEF) Continental has partnered with BRABUS to exclusively supply its high-performance SportContact 7 tires for the new BRABUS ROCKET GTS supercar. This collaboration extends a 25-year relationship between the two companies, focusing on optimizing performance and safety for high-powered … Read the full press release

Empa Researchers Unveil Key Insights into “Superspreader” Protein Fibrils in Alzheimer’s

(IN BRIEF) Empa researchers, in collaboration with the University of Limerick, have identified a highly active type of protein fibril, termed “superspreader,” that may play a key role in the progression of Alzheimer’s disease. Using advanced atomic force microscopy, they … Read the full press release

Eviden Leads European Initiative to Enhance Cybersecurity with CYDERCO Project

(IN BRIEF) Eviden, part of the Atos Group, is leading the CYDERCO project, a three-year European initiative co-funded by the European Commission to enhance the capabilities of Security Operations Centers (SOCs) across the EU. The project, coordinated by Eviden in … Read the full press release

Vantage Drilling Debuts on Euronext Growth Oslo with NOK 3.8 Billion Market Capitalization

(IN BRIEF) Vantage Drilling, an offshore drilling contractor, has listed on Euronext Growth Oslo, achieving a market capitalization of NOK 3.8 billion with an initial share price of NOK 287. This marks the ninth listing on Oslo’s market this year … Read the full press release

Kapsch TrafficCom Secures 10-Year Extension to Enhance Riverside County Toll Services Through 2041

(IN BRIEF) Kapsch TrafficCom has secured a 10-year extension to its partnership with the Riverside County Transportation Commission (RCTC), continuing to provide advanced tolling services and traffic management through 2041. The extension builds on seven years of successful operations, managing … Read the full press release

Sainsbury’s and Comic Relief Team Up to Provide Over 5 Million Meals to Families in Need This Winter

(IN BRIEF) Sainsbury’s has partnered with Comic Relief to provide over five million meals to families facing food poverty this winter. Throughout December, proceeds from the sale of Sainsbury’s and Free From mince pies will be donated to Comic Relief, … Read the full press release

Daimler Truck and Volvo Group Partner in Joint Venture to Lead Digital Transformation of Commercial Vehicles

(IN BRIEF) Daimler Truck and Volvo Group have signed a binding agreement to create a 50/50 joint venture focused on developing a software-defined vehicle platform for heavy-duty vehicles. This new company, based in Gothenburg, Sweden, aims to set a new … Read the full press release

Adyen and BCG Report Highlights $185 Billion Growth Potential for SaaS Platforms in Embedded Finance

(IN BRIEF) A joint report from Adyen and Boston Consulting Group (BCG) reveals a $185 billion market opportunity for Software-as-a-Service (SaaS) platforms through embedded finance, showing a 25% increase since 2022. Driven by favorable interest rates and increased demand from … Read the full press release

JOST Joins Forces with AeroAlliance to Drive Innovation in Trailer Aerodynamics

(IN BRIEF) JOST, a global leader in safety systems for commercial vehicles, joined the AeroAlliance platform in September 2024. This partnership aims to promote innovative aerodynamic solutions for trailers, targeting reduced energy consumption and improved fleet efficiency. Aligned with the … Read the full press release

Fielmann Group Earns C+ Prime ESG Status, Strengthening Its Appeal to Sustainable Investors in Healthcare Sector

(IN BRIEF) The Fielmann Group has been awarded a C+ Prime Status ESG rating in the Healthcare category by ISS ESG, a major firm in sustainable investment assessments. This marks the first time the global eyewear and eyecare provider has … Read the full press release

Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited

(IN BRIEF) Digi Communications N.V. announced that its Portuguese subsidiary, DIGI Portugal LDA., has completed the acquisition of 100% of shares in Cabonitel S.A. from LORCA JVCO Limited. This finalization follows the Portuguese Competition Authority’s clearance granted the previous day, … Read the full press release

bp Completes Full Acquisition of Lightsource bp to Boost Onshore Renewable Energy Portfolio

(IN BRIEF) bp has completed its acquisition of the remaining 50.03% interest in Lightsource bp, enhancing its position in the onshore renewable energy sector. This acquisition brings bp full control over Lightsource bp’s 62 GW solar and battery storage development … Read the full press release

Evonik Marks 50 Years of Methionine Production in Antwerp, Calls for Stronger Support for European Industry

(IN BRIEF) Evonik recently celebrated 50 years of methionine production at its Antwerp site, a crucial location in its global production of MetAMINO® for animal feed. The anniversary highlighted Antwerp’s role in Evonik’s international network and emphasized the company’s call … Read the full press release

Rheinmetall Delivers 20 Additional Marder Infantry Fighting Vehicles to Ukraine to Strengthen Defense Efforts

(IN BRIEF) Rheinmetall has delivered 20 more Marder 1A3 Infantry Fighting Vehicles (IFVs) to Ukraine, funded by the German government, as part of ongoing support against Russian aggression. This brings Rheinmetall’s total IFV and tank deliveries to Ukraine to around … Read the full press release

Garanti BBVA Kripto Strengthens Security and Growth with Ripple and IBM Partnerships in Response to Rising Digital Asset Demand

(IN BRIEF) Garanti BBVA Kripto has partnered with Ripple and IBM to advance its digital asset platform, enhancing security and performance for its users. Through these collaborations, Garanti BBVA Kripto aims to strengthen its infrastructure to meet rising demand for … Read the full press release

Deka Immobilien Completes Sale of Portuguese Shopping Centre to Fundo Iberia Shoppings Fund

(IN BRIEF) Deka Immobilien has sold a shopping centre in Torres Novas, Portugal, from one of its institutional real estate funds to the Fundo Iberia Shoppings fund, recently launched by Brazilian bank BTG Pactual and Renato Rique of Allos S/A. … Read the full press release

Finnvera’s Financial Support Helps Propel Sibanye-Stillwater’s Keliber Lithium Project to Lead Europe’s Battery Supply Chain

(IN BRIEF) Finland’s battery sector is surging as green initiatives and the electrification of transport accelerate the demand for lithium and battery chemicals. Sibanye-Stillwater’s Keliber project, located in Central Ostrobothnia, Finland, seeks to become Europe’s first fully integrated producer of … Read the full press release

Borealis and Partners Showcase Sustainable Plastics Solutions at FAKUMA 2024 for Packaging and Healthcare

(IN BRIEF) At FAKUMA 2024, Borealis and key partners showcased advanced plastics processing solutions, focusing on sustainable materials for packaging and healthcare. Highlighting collaborations with companies like BMB, Engel, and ARBURG, Borealis demonstrated various applications using recycled and renewable feedstocks, … Read the full press release

Thales and Max Planck Institute Set Fusion Milestone with Record-Breaking Gyrotron Power Output

(IN BRIEF) Thales and the Max Planck Institute for Plasma Physics have achieved a new milestone in nuclear fusion by setting a world record with Thales’s TH1507U gyrotron, which generated 1.3 megawatts of radiofrequency for 360 seconds. Developed for the … Read the full press release

Capgemini Launches AI-Powered ‘Augmented Engineering’ Solutions to Revolutionize R&D and Product Development

(IN BRIEF) Capgemini has introduced “augmented engineering,” a suite of Gen AI-powered solutions designed to enhance R&D and product development for various industries. These new offerings include tools to speed up scientific discovery, improve product engineering, streamline technical support, and … Read the full press release

Toyota Expands Open Labs Program to Drive Startups in Sustainable Mobility Solutions

(IN BRIEF) Toyota Motor Europe has launched a second cohort of the Toyota Open Labs initiative, aiming to connect startups with Toyota’s business units to foster innovations in sustainable mobility. The program focuses on six key areas, including BEV energy … Read the full press release

Amey Opens Sustainable Design Hub in Belfast, Boosting Local Jobs and Environmental Commitment

(IN BRIEF) Amey has opened a new eco-friendly Consulting and design hub in Belfast, inaugurated by Northern Ireland’s Infrastructure Minister, John O’Dowd. The office will support Amey’s operations with clients such as Translink and the Department for Infrastructure, while also … Read the full press release

Technicolor and UCL Partner to Resolve Colour Perception Challenges in Advanced Display Technologies

(IN BRIEF) Technicolor Group has teamed up with University College London’s Colour and Vision Research Laboratory (CVRL) to tackle colour perception inconsistencies in wide gamut display technologies, which can cause different viewers to perceive colours in contrasting ways. This partnership … Read the full press release

AF Gruppen Secures Contract for New Aker Hospital Structural Project

(IN BRIEF) AF Gruppen has been awarded a NOK 212 million contract by Helse Sør-Øst RHF to build the Structural Shell Somatics Base West at New Aker hospital. The project includes groundwork, concrete foundations, and prefabricated structures, with work starting … Read the full press release

Orano Commits to Supporting Cancer Prevention and Employee Well-being by Joining “Working with Cancer” Initiative

(IN BRIEF) Orano has signed the “Working with Cancer” pledge, joining a global initiative led by Publicis Chair and CEO Arthur Sadoun to promote cancer prevention and support employees affected by cancer. The pledge reflects Orano’s commitment to employee well-being … Read the full press release

Stora Enso China Packaging Honored with Gold at MUSE Design Awards for Space Time Series Female Space Cream Packaging

(IN BRIEF) Stora Enso China Packaging has been awarded Gold in the 2024 MUSE Design Awards for its innovative packaging of the Space Time Series Female Space Cream, which creatively integrates space exploration elements into a skincare product design. The … Read the full press release

Frédéric Wiscart Appointed New President of Alstom France, Succeeding Jean-Baptiste Eyméoud

(IN BRIEF) Alstom has appointed Frédéric Wiscart as the new President of its France Region, effective November 4, 2024. Wiscart, who brings extensive experience from his previous roles in the energy sector, will succeed Jean-Baptiste Eyméoud, who is stepping down … Read the full press release

Ahlstrom Unveils Lipid Saver™: A Sustainable Innovation for Fatty Acid Collection and Storage

(IN BRIEF) Ahlstrom has introduced Lipid Saver™, a new solution designed for the collection, transport, and storage of fatty acids from whole blood samples. The innovative card allows for easy sample collection and long-term preservation at room temperature, eliminating the … Read the full press release

Ericsson and China Mobile Drive Efficiency Gains with 5G Smart Network at Zhangjiagang Port

(IN BRIEF) Ericsson, in partnership with China Mobile and Zhangjiagang Port Group, has successfully deployed a 5G-powered smart network at Zhangjiagang Port, resulting in improved operational efficiency, cost reductions, and energy savings. Since its implementation in August 2022, the 5G … Read the full press release

ZEISS Summit in Berlin Showcases AI and Automation Innovations for the Future of Manufacturing

(IN BRIEF) ZEISS hosted its first-ever “Quality Innovation Summit” in Berlin, bringing together 2,000 industry leaders, experts, and innovators to discuss advancements in metrology, AI, automation, and digitalization. Over three days, participants engaged in panel discussions, explored cutting-edge technologies in … Read the full press release

EIF Unlocks €500 Million to Support Romanian SMEs with Competitive and Sustainable Financing

(IN BRIEF) The European Investment Fund (EIF) has finalized agreements with seven Romanian banks, unlocking an additional €500 million in financing for small and medium-sized enterprises (SMEs) in Romania. The agreements will allow banks to offer SMEs better loan terms, … Read the full press release

EIB to Lead Two Projects in Eurosystem’s Exploration of DLT for Wholesale Financial Settlements

(IN BRIEF) The European Investment Bank (EIB) is actively participating in the Eurosystem’s exploration of distributed ledger technology (DLT) for settling wholesale financial transactions in central bank money. The EIB will be involved in two distinct projects under this initiative, … Read the full press release

Swisscom Unveils blue Binge Package with Netflix and Disney+ and Revamps Streaming Experience on blue TV

(IN BRIEF) Swisscom is launching blue Binge, a new package that combines Netflix and Disney+ subscriptions at a discounted price of CHF 19.90 per month, starting 28 October 2024. The package, which is around 28% cheaper than buying the services … Read the full press release

Wood Strengthens Middle East Presence with New Engineering Hub in Sharjah, UAE

(IN BRIEF) Wood has expanded its presence in the Middle East with the opening of a new office in Sharjah, UAE, its third office in the country. The 18,625 square foot facility will serve as an engineering hub for operations … Read the full press release

Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal

(IN BRIEF) Digi Communications N.V. announced that the Portuguese Competition Authority has approved the share purchase agreement between its subsidiary, DIGI Portugal, LDA, and LORCA JVCO Limited. This agreement involves the acquisition of 100% of the shares of Cabonitel, S.A. … Read the full press release

University of Southampton Leads Sea Trials for Wind-Powered Cargo Ship to Cut Global Shipping Emissions by One-Third

(IN BRIEF) Scientists from the University of Southampton have begun sea trials on a wind-powered technology designed to reduce the carbon emissions of large cargo ships by up to a third. The wing-sail, developed by Smart Green Shipping, was retrofitted … Read the full press release

voestalpine Sells Buderus Edelstahl to Mutares in Strategic Shift Toward High-Performance Materials

(IN BRIEF) voestalpine has announced the sale of its German subsidiary, Buderus Edelstahl, to Mutares SE & Co. KGaA, a prominent investment company. The agreement, signed on October 23, 2024, is awaiting regulatory approval and is expected to be finalized … Read the full press release