(IN BRIEF) Europe’s offshore wind sector is making progress in terms of investments and installations, with 2.1 GW of new offshore wind capacity added in the first half of 2023, bringing the total capacity to 32 GW. However, this growth … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a €15 million loan to Alba Iulia, Romania, to revitalize the city’s public transport infrastructure. The project, co-financed by the European Union, aims to transform over 15 km … Read the full press release
Posted in Banks, European Union, Financial, Industrial, Infrastructure & Utilities, Romania, Transportation & Logistics
Tagged Alba Iulia, bike lanes, bus lanes, EBRD, electric vehicle charging stations, European Union, Gabriel Plesa, Green Cities programme, intelligent traffic management, loan, public lighting, public transport infrastructure, Romania, safety systems, urban transport network
(IN BRIEF) Tibnor, a subsidiary of SSAB, has announced plans to adjust its operations in response to lower demand and profitability. The measures, intended to achieve annual cost savings of around SEK 150 million, will encompass all Tibnor business areas … Read the full press release
Posted in Business, Financial, Industrial, Management, Metals and Minerals, News, Sweden
Tagged Cost-saving Measures, Financial, Fredrik Haglund, profitability, SSAB, Staff Reduction, Tibnor
(IN BRIEF) The Biorenewables Development Centre (BDC), a subsidiary of the University of York, has secured £5 million in funding from the Department for Energy Security and Net Zero. This funding will support the BDC in leading the second phase … Read the full press release
Posted in Automotive, Business, Education, Environment, Financial, Industrial, Investment, Management, News, Transportation & Logistics, United Kingdom
Tagged Biohydrogen Development, Biorenewables Development Centre (BDC), Dr Deborah Rathbone, Financial, partnership, sustainability, transport sector, University of York
(IN BRIEF) Vestas, a global leader in wind energy solutions, has been awarded a 140 MW order to provide wind turbines for the Halkirk II wind project in Alberta, Canada, owned by Capital Power. The order includes 31 V150-4.5 MW … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland
Tagged Alberta, AOM 5000, CANADA, Capital Power, Halkirk II Wind Project, Laura Beane, partnership, Steve Owens, sustainability, V150-4.5 MW, Vestas, wind turbines
(IN BRIEF) Basilea Pharmaceutica Ltd, a biopharmaceutical company specializing in severe bacterial and fungal infection treatments, has announced robust financial results for the first half-year ending June 30, 2023. Their CEO, David Veitch, highlighted the company’s progress in executing their … Read the full press release
Posted in Business, Financial, Healthcare, Management, Marketing, News, Pharma & Biotech, Science, Switzerland
Tagged Adesh Kaul, Basilea Pharmaceutica, Cresemba®, David Veitch, financial results, Zevtera®
(IN BRIEF) According to a study by the Technical University of Munich (TUM) and the advocacy group DSW, the earnings of top executives in German DAX-listed companies were approximately 8% lower in 2022 compared to the previous year. This decrease … Read the full press release
Posted in Business, Economy, Financial, Germany, Management, News, Science
Tagged Compensation, DSW, economic challenges, ESG Focus, Financial, German DAX CEOs, Marc Tüngler, Prof. Gunther Friedl, TUM
(IN BRIEF) Enea AB (publ) conducted share buybacks between August 7-11, 2023, repurchasing a total of 25,289 own shares under the authorization from the Annual General Meeting 2023. The purpose of the repurchase program is to adjust the company’s capital … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Security & Safety, Sweden, Technology, Telecom
Tagged Enea, Financial, investment, share buybacks
(IN BRIEF) Health technology leader Royal Philips and diversified holding company Exor N.V. announce a relationship agreement where Exor acquires a 15% shareholding in Philips. This investment supports Philips’ strategy and value creation plan focused on health and well-being through … Read the full press release
Posted in Business, Financial, Healthcare, Industrial, Investment, Management, Netherlands, News, Technology
Tagged EXOR, Feike Sijbesma, health technology, innovation strategy, investment, John Elkann, partnership, Philips, Roy Jakobs, shareholder
(IN BRIEF) Savills predicts a return to normalcy in the global industrial investment market by the end of 2023, as the interest rate cycle stabilizes and inflation cools. Despite suppressed global office investment volumes, some areas are showing signs of … Read the full press release
(IN BRIEF) UniCredit S.p.A. provides an update on its ongoing share buy-back program initiated on 30 June 2023 as part of the Second Tranche of the Buy-Back Programme 2022. The program aims to purchase UniCredit ordinary shares (ISIN IT0005239360). The … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Italy, Management, News
Tagged acquisition, Financial, share buy-back program, UNICREDIT
(IN BRIEF) EQT AB, a purpose-driven global investment organization, has repurchased 393,926 of its own ordinary shares (ISIN: SE0012853455) between 7 and 11 August 2023 as part of its initiated repurchase program, running between 17 July 2023 and 25 August … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Sweden
Tagged acquisitions, EQT AB, Financial, Shares Repurchase Program
(IN BRIEF) The EY organization has been awarded the Global Partner of the Year by Wolters Kluwer CCH® Tagetik for its contributions to accelerating clients’ finance transformation initiatives through technical expertise and consulting services. The accolade acknowledges EY’s commitment to … Read the full press release
(IN BRIEF) Rheinmetall is set to supply Ukraine with its advanced LUNA NG reconnaissance drone system, a significant milestone for the company. The system offers key aerial reconnaissance capabilities with thousands of hours of operational flight experience. The order, valued … Read the full press release
(IN BRIEF) Digi Communications N.V. has released its H1 2023 Financial Results, which can be found on their website. They will also hold a conference call today at 14:00 UK time to discuss these results, led by CEO Mr. Serghei … Read the full press release
(IN BRIEF) RWE, focused on building a sustainable energy system, significantly increased its investment activity in the first half of fiscal 2023, spending €9 billion on growth compared to €2.1 billion in the same period last year. This expansion included … Read the full press release
Posted in Energy, Gas & Oil, Financial, Germany, Industrial, Investment, Management, News
Tagged finacial, investment, Markus Krebber, renewable energy, RWE
(IN BRIEF) Latvenergo AS, the largest energy utility in the Baltic States, has awarded BLIX, part of AFRY, as the Owner’s Engineer for multiple large-scale onshore wind projects in the Baltics over a five-year period. The projects align with Latvenergo’s … Read the full press release
(IN BRIEF) UBS Group AG has voluntarily terminated its CHF 9 billion Loss Protection Agreement (LPA) with the Swiss government, covering potential losses from Credit Suisse non-core assets, after a thorough evaluation of the assets and stress loss scenarios. Additionally, … Read the full press release
Posted in Banks, Financial, Government, Investment, Management, News, Switzerland
Tagged Credit Suisse, Financial, liquidity, Loss Protection Agreement, Swiss Government, UBS
(IN BRIEF) ORLEN’s Supervisory Board has given a conditional investment approval for the Baltic Power offshore wind farm, allowing the design phase to be finalized. ORLEN and Northland Power’s joint investment represents the most advanced offshore wind project in Poland. … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Poland
Tagged Baltic Power Project, Daniel Obajtek, investment, Offshore wind, ORLEN, partnership, Poland
(IN BRIEF) Initial global research findings by the International Olympic Committee (IOC) and Allianz reveal that 72% of young people consider playing sports important, while over 90% of parents recognize the physical and mental health benefits of sports participation for … Read the full press release
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