(IN BRIEF) Alison Rose, CEO of NatWest Group, acknowledges making a serious error of judgment during her conversations with the BBC about the bank’s relationship with Mr. Farage. She disclosed that Mr. Farage was a Coutts customer and had been … Read the full press release
Posted in Banks, Business, Financial, Industrial, Management, Media, News, United Kingdom
Tagged Account Discussions, Alison Rose, CEO, Error of Judgment, Howard Davies, Mr. Farage, NatWest, Simon Jack
(IN BRIEF) RWE, a German energy company, has raised its earnings forecast for fiscal year 2023 based on strong operational performance in the first half of the year. The increase in earnings is primarily attributed to international power generation in … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Germany, Industrial, Management, News
Tagged Earnings Outlook for 2023, Financial, Michael Müller, power generation, RWE
(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee with SG Equipment Finance to support up to €25 million in new lending for innovative SMEs and small Mid-Caps in Czechia and Slovakia. The financing, backed by the … Read the full press release
Posted in Business, Financial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged CZECH, digital transition, EIF, InvestEU, investment, Marjut Falkstedt, partnership, Petr Němec, SG Equipment Finance, SLOVAK, small Mid-Caps, SMEs
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has financed the rehabilitation of the 55-km Ciumai-Vulcanesti road section in Moldova. The road is an essential part of the strategic M3 Chișinău-Giurgiulești road, connecting Trans-European Network corridors and providing … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s renewable energy projects in Spain, which will include wind and solar photovoltaic plants with a total capacity of 1.1 GW. The loan, signed in … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged EIB, Josu Jon Imaz, partnership, renewable energy projects, Repsol, Ricardo Mourinho Félix, Spain, sustainability
(IN BRIEF) The European Investment Bank (EIB) has approved a €575 million loan to support Repsol’s wind and solar PV projects in Spain, with a total capacity of 1.1 GW. The first tranche of €400 million will accelerate the energy … Read the full press release
(IN BRIEF) Skanska has secured a contract with Lehigh University to redevelop the Clayton University Center on its campus in Pennsylvania, USA, at a cost of USD 70 million (SEK 730 million). The renovation project involves upgrading various utilities, installing … Read the full press release
Posted in Business, Construction, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden
Tagged Clayton University Center, Lehigh University, partnership, Skanska
(IN BRIEF) Ørsted, a leading renewable energy company, has signed an agreement to sell its remaining 25% minority interest in the London Array Offshore Wind Farm in the UK to funds managed by Schroders Greencoat, a specialist asset manager in … Read the full press release
(IN BRIEF) Terna, an Italian company specializing in electricity transmission, is investing more than €19 million in a project to create a new underground cable and overhead power lines in the province of Frosinone. The project, authorized by the Italian … Read the full press release
(IN BRIEF) Bentley, as part of its new Advancing Life Chances (ALC) strategy, has launched a community investment programme to support charities and good causes across the UK. Through the Small Grants Programme, Bentley has already donated over 150 grants … Read the full press release
Posted in Automotive, Business, Financial, Management, News, Non Profit, United Kingdom
Tagged Advancing Life Chances, Bentley, investments, Sally Hepton, UK Charities
(IN BRIEF) Aviva, the leading home insurer in the UK, has entered into an agreement with Barclays UK to acquire its home insurance portfolio, which consists of 350,000 customers. The acquisition will support Aviva’s growth in the retail insurance business … Read the full press release
Posted in Banks, Business, Financial, Insurance, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, Aviva, Barclays Home Insurance, Owen Morris, partnership, Retail Insurance Business
(IN BRIEF) BAE Systems’ Combat Mission Systems (CMS) business released its 2022 Economic Impact Report, revealing a $1.9 billion contribution to the U.S. economy through its ground vehicle and weapon systems network. The company’s 12 sites and partnerships with over … Read the full press release
Posted in Business, Defence, Economy, Financial, Industrial, Management, News, United Kingdom
Tagged Andy Corea, BAE Systems, Ground Vehicle, U.S. Economy, Weapon Systems
(IN BRIEF) Allianz Global Corporate & Specialty (AGCS) and the commercial insurance businesses of local Allianz entities will now trade under the name “Allianz Commercial” as a single go-to-market business. This new global model offers insurance solutions for mid-sized businesses, … Read the full press release
Posted in Business, Financial, Germany, Insurance, Management, News, Small Business
Tagged Allianz, Allianz Commercial, Chris Townsend, Joachim Mueller, partnership, SMEs
(IN BRIEF) The Joint Initiative on Circular Economy (JICE), led by the European Union’s largest public promotional banks and institutions, has decided to extend its efforts beyond the original time frame of 2023. Launched in 2019, JICE aims to provide … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Investment, Luxembourg, Management, News, United Kingdom
Tagged Beata Daszyńska-Muzyczka, Dario Scannapieco, Dr. Werner Hoyer, Eric Lombard, Joint Initiative on Circular Economy (JICE), José Carlos García de Quevedo, partnership, Stefan Wintels, sustainability, Sustainable Projects EIB
(IN BRIEF) The European Investment Bank (EIB) and Cellnex have signed a €315 million finance contract to support the development of mobile telecoms infrastructure for 5G rollout in Spain, Portugal, France, Italy, and Poland. The loan will unlock a total … Read the full press release
(IN BRIEF) Aviva has successfully obtained a £120 million full scheme buy-in for the NTL 1999 Pension Scheme. This agreement allows Aviva to assume the defined benefit liabilities of approximately 650 members, mitigating the investment and longevity risks associated with … Read the full press release
(IN BRIEF) Versalis, Eni’s chemical company, has released its 2022 Sustainability Report, highlighting its efforts to contribute to sustainable and circular models in alignment with Eni’s strategy. The report outlines Versalis’ targets for achieving carbon neutrality by 2050 and emphasizes … Read the full press release
Posted in Business, Chemicals, Economy, Environment, Financial, Industrial, Italy, Management, News
Tagged 2022 Sustainability Report, Adriano Alfani, carbon neutrality, decarbonisation, eni.com, Versalis
(IN BRIEF) The European Investment Bank (EIB) and Bulgarian Development Bank (BDB) have signed a €175 million loan agreement to improve access to finance for small and medium-sized enterprises (SMEs) and mid-caps in Bulgaria. The loan aims to support companies … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Assen Vassilev, Bulgaria, Bulgarian Development Bank, digitalization, economy, European Investment Bank, financing, Iliya Karanikolov, INNOVATION, Lilyana Pavlova, Marjut Falkstedt, Milena Stoycheva, Paolo Gentiloni, partnership, SME, sustainability
(IN BRIEF) In 2022, the European Investment Bank (EIB) focused on promoting equitable growth and convergence of living standards by providing €28.4 billion in new financing for projects in EU cohesion regions. Poland was the largest beneficiary, receiving €24.8 billion, … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and the Republic of Lithuania have signed a €300 million financing agreement aimed at supporting long-term competitiveness, job creation, and the green and digital transitions in Lithuania. This loan is the first installment … Read the full press release
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