Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

University of Leeds Spin-Out Mimetrik Secures £2M Investment for AI-Driven Dentistry Innovations

(IN BRIEF) A spin-out company called Mimetrik from the University of Leeds has secured a £2 million seed funding round led by Northern Gritstone to accelerate the development of AI-driven dentistry products. Mimetrik, established in 2020 within the University’s Nexus … Read the full press release

AB Volvo Witnesses Conversion of Series A Shares to Series B, Adjusting Total Registered Shares and Votes

(IN BRIEF) The conversion of 1,069 Series A shares to Series B shares in AB Volvo has altered the company’s registered share count, resulting in a total of 2,033,452,084 shares, comprising 444,986,702 Series A shares and 1,588,465,382 Series B shares, … Read the full press release

Nucleus Foundation and Verve Foundation Collaborate to Empower Women in Financial Advice Sector

(IN BRIEF) Nucleus Foundation has partnered with the Verve Foundation to sponsor and assist 10 women in the We Are Change program, which offers training and qualifications for those aspiring to enter the financial advice field. This initiative aims to … Read the full press release

Airbus Helicopters and KAI Move to Serial Production of Light Armed Helicopters, Deepen Collaboration in Rotorcraft Programs

(IN BRIEF) Airbus Helicopters and Korea Aerospace Industries (KAI) have entered the serial production phase of the Light Armed Helicopters (LAH) after an agreement was signed. The Republic of Korea Army’s initial batch of ten LAH will be supplied by … Read the full press release

EIB Survey Reveals Central and Eastern European Companies Prioritize Innovation Amidst Investment Challenges

(IN BRIEF) The European Investment Bank (EIB) has released findings from its Investment Survey, focusing on Central and Eastern European (CEE) companies. The survey highlights that 77% of CEE companies are investing in business development, with a higher percentage investing … Read the full press release

LEGO Group’s H1 2023 Earnings Reflect Resilience Amid Toy Industry Challenges, Emphasis on Sustainability and Growth

(IN BRIEF) The LEGO Group reported its earnings for the first half of 2023, showcasing a one percent growth in revenue compared to H1 2022, with consumer sales growing by three percent. Despite an exceptionally strong H1 2022, the company … Read the full press release

DB Schenker Advances Green Logistics Ambition with Acquisition of 53 Renault Electric Trucks in France

(IN BRIEF) DB Schenker, a prominent logistics service provider, is reinforcing its commitment to emissions reduction by investing in electric technology. The company has procured 53 Renault Trucks E-Tech D electric carriers for its operations in France. This move aligns … Read the full press release

Bayer Invests EUR 220 Million in Future of Regenerative Agriculture and Crop Protection Innovation

(IN BRIEF) Bayer is making a significant investment of EUR 220 million in research and development (R&D) at its Monheim site in Germany, focusing on its Crop Protection business. This represents the company’s largest single investment in Crop Protection in … Read the full press release

Aviva Announces Leadership Changes: CEO Transition at Aviva Canada and New Role for Current CEO

(IN BRIEF) Jason, the current CEO of Aviva Canada, will be taking on a new role within the company. He has led Aviva Canada for four years, overseeing substantial growth and becoming a prominent player in the Canadian insurance market. … Read the full press release

Eni Completes First Phase of Treasury Share Buyback Program with Acquisition of 4.2 Million Shares

(IN BRIEF) Eni, an energy company, has acquired 4,233,249 shares on the Euronext Milan from August 21 to August 24, 2023, as part of its treasury share buyback program. The shares were purchased at a weighted average price of €14.1299 … Read the full press release

EBRD and Addiko Bank Collaborate to Empower SMEs in Bosnia and Herzegovina with €5 Million Loan and Training Academy

(IN BRIEF) The EBRD (European Bank for Reconstruction and Development) and Addiko Bank Banja Luka in Bosnia and Herzegovina have signed a €5 million loan agreement to support small and medium-sized enterprises (SMEs). This marks the EBRD’s third loan to … Read the full press release

Entrepreneur Transforms Old Building into Artful Boutique Hotel with Support from Small Business Advice Programme

(IN BRIEF) Meergul, owner of Art Hotel in Osh, Kyrgyzstan, has transformed an old building into a unique boutique hotel with distinct room designs and local artwork. Despite being hard of hearing, Meergul is a social entrepreneur who actively promotes … Read the full press release

Germany: The Federal Financial Supervisory Authority (BaFin) Issues Warning on swissalgo.org’s Unauthorized Financial Activities

(IN BRIEF) The Federal Financial Supervisory Authority (BaFin) has issued a warning about the website swissalgo.org. BaFin’s investigation reveals that the operator of the website, known by various names including Swiss Algo and CentralKasse, is providing financial and investment services … Read the full press release

ENTEG Institute’s Daniele Parisi Joins EUR 3.9M ‘ReBond’ Project for Universal Plastic Recycling

(IN BRIEF) Daniele Parisi, an assistant professor at the ENTEG institute, is a partner in the ‘ReBond’ project, which has received EUR 3.9 million in funding from Horizon 2022 – MSCA – ITN. The project focuses on developing a universal … Read the full press release

RWE Triumphs in First Gulf of Mexico Offshore Wind Lease Auction, Expanding U.S. Footprint

(IN BRIEF) RWE, a leading global offshore wind company, has secured a lease in the U.S. Department of the Interior’s first Gulf of Mexico offshore wind lease auction. The company won Lease Area OCS-G 37334 with a bid of $5.6 … Read the full press release

Galp Invests $5 Million in Verdagy’s Innovative Electrolysis Technology for Industrial Decarbonization

(IN BRIEF) Galp, an energy company, has invested $5 million in Verdagy, a US-based company developing scalable electrolysis technology for industrial applications. This technology aims to reduce costs and dependency on critical raw materials compared to current electrolysis methods. Galp’s … Read the full press release

Fondation Botnar Invests CHF 50 Million to Expand Child Health Research at ETH Zurich and University of Basel

(IN BRIEF) Fondation Botnar is contributing an additional CHF 50 million to the University of Basel and ETH Zurich to expand the Botnar Research Centre for Child Health (BRCCH). This funding will facilitate the establishment of six new professorships focusing … Read the full press release

Carmeuse Supports Abbey Rose Foundation 5K Trail Run/Walk to Prevent Sudden Infant Death Syndrome

(IN BRIEF) Carmeuse Huron Operation continued its tradition of supporting regional 5K races by participating in the Abbey Rose Foundation 5K Trail Run/Walk & Kids Fun Run. The event, held at Fabens Park in Huron, Ohio, saw participants navigating diverse … Read the full press release

UniCredit Successfully Completes Share Buy-Back Transactions as Part of 2022 Programme

(IN BRIEF) UniCredit S.p.A. has successfully concluded a series of share buy-back transactions in accordance with the Second Tranche of the Buy-Back Programme 2022. The program, initiated on June 30, 2023, was carried out under the authorization of the Shareholders’ … Read the full press release

CFM Indosuez Launches Campaign Emphasizing the Link Between Work and Wealth Creation

(IN BRIEF) CFM Indosuez has unveiled a new campaign centered around the synergy between work and the fundamental drive to generate, safeguard, and expand wealth. Highlighting the intrinsic connection between effort and financial prosperity, CFM Indosuez acknowledges the pivotal role … Read the full press release