Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

University of Liverpool Receives Grant to Study Impact of Trade on NCD Prevention Policies

(IN BRIEF) The University of Liverpool’s Law & Non-Communicable Diseases Research Unit (Law & NCD Unit) has been granted £813,600 by the National Institute for Health and Care Research (NIHR) to study the impact of trade on implementing policies to … Read the full press release

Vestas Secures 189 MW Turbine Order for Unnamed US Wind Project

(IN BRIEF) Vestas, a leading wind turbine manufacturer, has secured a 189 MW order to supply an undisclosed wind project in the USA. The order comprises 45 V150-4.2 MW wind turbines. Vestas will handle the supply, delivery, and commissioning of … Read the full press release

Lane Wins $102M Contract to Enhance Key Interstate 4 Interchange for Florida’s Tourist Attractions

(IN BRIEF) Lane, the U.S. subsidiary of the Webuild Group, has secured a $102-million contract for the design and partial reconstruction of the Interstate 4 (I-4) and Apopka-Vineland Road (State Road 535) interchange in Orange County, Florida. The project aims … Read the full press release

ANDRITZ to Boost Fridge Recycling Capacity for Enva Northern Ireland’s New Plant in Toomebridge

(IN BRIEF) ANDRITZ, an international technology group, will supply Enva Northern Ireland Ltd. with an automated fridge recycling plant for their new site in Toomebridge. The plant will process 70 fridges per hour and is set to start operating in … Read the full press release

ZF Reports Strong H1 2023 Results and Confirms Full-Year Outlook Amid Global Market Challenges

(IN BRIEF) During the first half of 2023, ZF reported sales of €23.3 billion, a 10 percent increase from the previous year. The company’s adjusted EBIT reached €941 million, maintaining an EBIT margin of 4.0 percent. Despite challenges from inflation … Read the full press release

Hydro Invests €6 Million to Upgrade Aluminum Extrusion Plant in Lucé, France

(IN BRIEF) Hydro, a leading aluminum company, is investing NOK 67 million (EUR 6 million) to upgrade its aluminum extrusion plant in Lucé, France. The investment aims to improve the plant’s equipment, buildings, and infrastructure, enhancing its potential to become … Read the full press release

EIB and HypoVereinsbank Provide Over €2 Billion Financing for Munich S-Bahn’s New Trains

(IN BRIEF) The European Investment Bank (EIB) and HypoVereinsbank, a German affiliate of UniCredit, are providing credit lines totaling over €2 billion to Deutsche Bahn for the procurement of 90 new trains for the Munich S-Bahn. The financing will be … Read the full press release

Nordic Investment Bank Funds Healthcare Transformation in Estonia

(IN BRIEF) Nordic Investment Bank (NIB) has played a significant role in revitalizing Estonia’s healthcare over the past 15 years, funding six hospital-related projects with a total investment of EUR 138 million. One of the recent projects includes a EUR … Read the full press release

Saint-Gobain Completes Sale of US CertainTeed Fence, Railing, and Decking Business to Oldcastle APG

(IN BRIEF) Saint-Gobain has finalized the sale of its US CertainTeed Fence, Railing, and Decking Business (FRD) to Oldcastle APG, a CRH Company. The FRD business had sales of approximately €60 million in 2022 and operated from two industrial locations … Read the full press release

Alzheimer’s Research UK Funds University of Exeter Researchers to Advance Dementia Studies

(IN BRIEF) Alzheimer’s Research UK has provided £370k in grants to three researchers at the University of Exeter to support projects focused on finding new treatments, early diagnosis methods, and understanding the causes of Alzheimer’s disease. One of the projects … Read the full press release

ING Repurchases €20.96 Million Worth of Shares as Part of €1.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced that it repurchased 1,588,973 shares during the week of 24 July 2023, as part of its €1.5 billion share buyback program launched on 11 May 2023. The shares were repurchased at an average price of … Read the full press release

German Financial Institutions Cautious in Loan Negotiations with Corporate Customers, KfW ifo Indicator Shows

(IN BRIEF) The KfW ifo Credit Constraint Indicator for Germany shows that financial institutions responded more cautiously to loan applications from corporate customers in the second quarter after easing credit access in the first quarter. Among SMEs, 25.6% experienced restrictive … Read the full press release

UK Business Confidence Declines in July Amid Economic Uncertainty and Rising Interest Rate Worries

(IN BRIEF) Business confidence in the UK fell by six points to 31% in July, mainly due to lower economic optimism, reaching a five-month low. Rising interest rates have become a major concern for businesses, and the retail sector showed … Read the full press release

Lloyds Bank Warns Football Fans of Soaring Online Ticket Scams Ahead of Premier League Season

(IN BRIEF) Lloyds Bank warns football fans about the rising threat of online ticket scams as the new English Premier League season approaches. Reported fraud cases related to football ticket purchases more than doubled last season, with victims losing an … Read the full press release

HSBC and Tradeshift Form Joint Venture to Develop Embedded Finance Solutions and Fintech Apps

(IN BRIEF) HSBC and B2B fintech Tradeshift have announced a partnership to establish a jointly-owned business focused on developing embedded finance solutions and financial services apps. HSBC will invest $35 million in Tradeshift and join its board. The joint venture … Read the full press release

EBRD Launches Youth in Business Programme in Albania, Aims to Empower Young Entrepreneurs for Financial Inclusion

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is launching its Youth in Business Programme in Albania, aimed at supporting young entrepreneurs’ financial inclusion. The program will provide a €1 million loan to Union Bank for lending to … Read the full press release

GBL Boosts Shareholder Returns with EUR 130 Million Buyback Program

(IN BRIEF) Groupe Bruxelles Lambert (GBL) announces an enhanced shareholder return plan through an accelerated share buyback program. Having executed 26% of its initial EUR 500 million share buyback, GBL will reinstate the program with an additional EUR 130 million, … Read the full press release

Webuild Group’s Swiss Subsidiary Wins Record-Breaking Highway Maintenance Project in Ticino

(IN BRIEF) CSC Costruzioni, the Swiss subsidiary of the Webuild Group, along with its consortium partners, has been awarded a €157 million highway maintenance contract in the Canton of Ticino, Switzerland. The contract is part of the “USTRA EP 28 … Read the full press release

University of York Researchers Call for Urgent Reform of UK Benefits System

(IN BRIEF) Researchers at the University of York, in collaboration with parents and carers, are urging the UK government to reform the benefits system. Latest research by Changing Realities and the Institute for Public Policy Research (IPPR) reveals that over … Read the full press release