Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

UK Universities Reconnect with Horizon Europe: UEA Champions International Research

(IN BRIEF) The University of East Anglia (UEA) welcomes the United Kingdom’s decision to rejoin the Horizon Europe research programme, a significant move given the programme’s £80 billion budget and global prominence in research and innovation funding. UEA emphasizes the … Read the full press release

Ukrainian Siblings Transform Family Yeast Business into Global Success Story

(IN BRIEF) Ukrainian siblings, Olena and Rostyslav Vovk, have transformed their family business, Enzym Group, from a Soviet-era yeast plant into a modern, diversified company. Enzym Group is now a market leader in the yeast industry and produces yeast food … Read the full press release

EU-Funded Remediation Project Tackles Legacy Uranium Mining Sites in Uzbekistan

(IN BRIEF) Remediation work at legacy uranium mining sites in Uzbekistan is being funded by a €9 million grant from the Environmental Remediation Account for Central Asia (ERA), established by the European Union (EU) and managed by the European Bank … Read the full press release

French Capital’s European Real Estate Investments Surge in H1 2023, Spain Tops Destination

(IN BRIEF) According to Savills research, French capital invested in European real estate reached nearly €3.2 billion in H1 2023, constituting 10% of all cross-border investments. This represents a significant increase from the 5% share recorded in the previous year … Read the full press release

Savills and Gerald Eve Seek Forward Funding Partner for Dominus’ £200 Million ‘Medlock Tower’ Student Accommodation in Manchester

(IN BRIEF) Savills and Gerald Eve have been appointed by developer Dominus to find a forward funding partner for a student accommodation project in Manchester, known as “Medlock Tower.” The £200 million development will consist of a 37-story super-prime student … Read the full press release

Scania Launches Smart Dash Digital Dashboard to Enhance Truck Driver Experiences

(IN BRIEF) Scania has introduced the Smart Dash, a digital dashboard for its trucks, aimed at enhancing driver experiences. The Smart Dash offers a mix of manual controls and digital displays to provide drivers with greater control over their trucks … Read the full press release

bp pulse, EV Network, and NEC Group Launch UK’s Largest Public EV Charging Hub

(IN BRIEF) bp pulse, EV Network (EVN), and NEC Group have jointly launched the UK’s largest public electric vehicle (EV) charging hub on the NEC Campus in the West Midlands. The Gigahub™ can simultaneously charge 180 EVs, with ultra-fast 16x … Read the full press release

Michelin Expands XTRA DEFEND Tire Range with New Size for World’s Largest Dump Truck

(IN BRIEF) Michelin has introduced a new tire size, the MICHELIN XTRA DEFEND 33.25 R 29, which is designed to fit the VOLVO A60H, the world’s largest articulated dump truck used primarily in mine and quarry applications. This tire size … Read the full press release

BASF Secures Renewable Electricity Supply for Zhanjiang Site Through 25-Year Agreement with SPIC

(IN BRIEF) BASF has signed a 25-year power purchase agreement (PPA) with the State Power Investment Corporation (SPIC) to buy renewable electricity for its Zhanjiang Verbund site in Guangdong province, China. This PPA is part of BASF’s commitment to securing … Read the full press release

Nestlé Expands Presence in Brazilian Chocolate Market with Majority Stake in Grupo CRM

(IN BRIEF) Nestlé is set to acquire a majority stake in Grupo CRM, a premium chocolate company in Brazil, through an agreement with Advent International. Grupo CRM operates a successful direct-to-consumer model, with over 1,000 chocolate boutiques under the Kopenhagen … Read the full press release

Repsol to Sell Canadian Oil and Gas Assets to Peyto for $468 Million as Part of Portfolio Focus

(IN BRIEF) Repsol has entered into an agreement to sell its oil and gas assets in Canada to Peyto for $468 million, part of Repsol’s ongoing portfolio management to focus on core regions. The deal includes mineral rights, facilities, and … Read the full press release

Allianz Unveils Net-Zero Transition Plan with 2030 Targets for Emission Reductions and Renewable Investments

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz has released its first comprehensive net-zero transition plan, reaffirming its commitment to achieving net-zero emissions by 2050 in its investment and insurance portfolios and by 2030 in its operations. The plan includes 2030 intermediate targets for reducing … Read the full press release

Logicor Reports Strong H1 2023 Results Amid Active Asset Management and Expansion in Key Markets

(IN BRIEF) Logicor, a prominent European logistics and distribution property owner and operator, has announced its half-year results for the period ending on June 30, 2023. The company reported strong operating results, driven by active asset management and expansion in … Read the full press release

Banque Populaire, SOCAMA, and EIF Sign €1 Billion Agreement to Support French SMEs

(IN BRIEF) Banque Populaire, Fédération Nationale des SOCAMA, and the European Investment Fund (EIF) have signed a €1 billion loan counter-guarantee agreement under the SME Competitiveness InvestEU program. Over two decades, this partnership with EIF has facilitated €9 billion in … Read the full press release

EBRD Provides €25 Million Loan to AKLease in Turkey for Green Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Ak Finansal Kiralama (AKLease) in Turkey. This loan, part of the EBRD’s Green Economy Financing Facility (GEFF), is aimed at supporting green and … Read the full press release

Europe’s Electricity Grids Face Crucial Upgrade to Accommodate Renewable Energy Surge

(IN BRIEF) The “Future of our grids” conference in Brussels is addressing the need to accelerate the development of electricity grids in Europe to accommodate the rapid growth of renewable energy sources like wind and solar. Current grid infrastructure struggles … Read the full press release

DNV Expands Energy Services with Acquisition of ANB Systems, Bolstering Energy Efficiency Solutions

(IN BRIEF) DNV has acquired ANB Systems, a Houston-based software as a service (SaaS) company specializing in energy program services for utility and regulatory body customers. The move is part of DNV’s commitment to supporting the energy transition by enhancing … Read the full press release

Independent Study Reveals Alarming Financial Health of UK Football Clubs, Urges Corrective Actions

(IN BRIEF) An independent study co-authored by a Management School, published alongside the UK Government’s response to the ‘A sustainable future – reforming club football governance’ White Paper, reveals concerning findings regarding the deteriorating financial health of football clubs. The … Read the full press release

UCL Researchers Secure Prestigious ERC Grants for Groundbreaking Neuroscience and Disease Research

(IN BRIEF) Two UCL researchers have been awarded prestigious European Research Council (ERC) Starting Grants, each receiving approximately 1.5 million euros. Dr. Marco Wittmann’s project, “DeepSocial,” aims to use non-invasive deep brain stimulation to explore the brain’s social cognition processes. … Read the full press release

UCL Applauds UK’s Return to Horizon Europe, Unlocking Opportunities for Research and Innovation

(IN BRIEF) UCL leaders have welcomed the UK Government’s agreement with the European Commission, allowing UK scientists to fully participate in Horizon Europe, a significant £81 billion research and innovation program. This agreement enables UK organizations, including UCL, to lead … Read the full press release