Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

HSH Nordbank appointed Dr. Philipp Nimmermann to the Bank’s Supervisory Board

Hamburg/Kiel, 2-12-2014 — /EuropaWire/ — During their extraordinary general meeting today, the shareholders of HSH Nordbank appointed Dr. Philipp Nimmermann (48) to the Bank’s Supervisory Board. He has been State Secretary in the Schleswig-Holstein Ministry of Finance since 20 October 2014. … Read the full press release

KB Penzijní společnost named “The Best Pension Fund Czech Republic 2014” in the Global Banking and Finance Review portal Awards for the fourth time in a row

Prague, 1-12-2014 — /EuropaWire/ — KB Penzijní společnost was named “The Best Pension Fund Czech Republic 2014” for the fourth time in a row in the prestigious Awards of the UK-based Global Banking and Finance Review portal. In these ratings, KB … Read the full press release

Helaba Economic and Capital Market Outlook 2015: “Bonsai: Growth in Miniature”

Bonsai: Growth in Miniature Momentum in global economy to pick up slightly in 2015 Regulation and structural weaknesses will restrict potential for self-sustaining momentum World economy caught in a “bowl”: Only bonsaiesque growth DAX range 2015 still between 8,300 and … Read the full press release

pbb Deutsche Pfandbriefbank and Nordea Bank AB provided SEK 1.9 billion and € 176 million multi-currency senior debt facility to NPF Sweden Investment Holding AB

Munich/Stockholm, 1-12-2014 — /EuropaWire/ —  pbb Deutsche Pfandbriefbank and Nordea Bank AB have provided a multi-currency senior debt facility of SEK 1.9 billion and € 176 million to NPF Sweden Investment Holding AB. The borrower is an affiliate of one … Read the full press release

Banque Internationale à Luxembourg’s CIO Yves Kuhn named Investment Manager of the Year at the Finance Management Awards

Luxembourg, 28-11-2014 — /EuropaWire/ — Banque Internationale à Luxembourg’s Chief Investment Officer Yves Kuhn was named Investment Manager of the Year during the Finance Management Awards’ gala ceremony on Wednesday, November 19, 2014. This was part of the Luxembourg Finance Management Summit, … Read the full press release

EY’s 11th bi-annual Global Capital Confidence Barometer reveals the desire for M&A by consumer products companies rebounded after a dip earlier in 2014

LONDON, 28-11-2014 — /EuropaWire/ — The number of consumer products (CP) companies focused on growth increased to 52% (up from 38% six months ago) according to EY’s 11th bi-annual Global Capital Confidence Barometer, a survey of more than 1,600 senior … Read the full press release

The Nordic Investment Bank sign EUR 34.8 million loan agreement with Klaipedos Nafta AB to finance liquefied natural gas terminal in Lithuania

HELSINKI, 28-11-2014 — /EuropaWire/ — The Nordic Investment Bank (NIB) has signed a EUR 34.8 million loan agreement with Klaipedos Nafta AB to finance a liquefied natural gas (LNG) terminal at the Port of Klaipeda, Lithuania. The project will increase … Read the full press release

Halifax research reveals Black Friday is set to be one of the busiest shopping days of the year

EDINBURGH, 28-11-2014 — /EuropaWire/ — Black Friday is set to be one of the busiest shopping days of the year, as retailers adopt the American tradition of offering discounts to entice shoppers in the run up to the festive season, research … Read the full press release

FESE and EuropeanIssuers announce the winners of the 2nd European Small and Mid-cap Awards

BRUSSELS, 28-11-2014 — /EuropaWire/ — On the evening of 26th November, FESE and EuropeanIssuers co-hosted a prestigious awards ceremony to celebrate the winners of the 2nd European Small and Mid-cap Awards. The ceremony was presided over by the European Commission: Daniel … Read the full press release

Seven Capital Management selects CACEIS as centralising agent for its Seven Lux SICAV SIF being admitted to Euroclear France

PARIS, 28-11-2014 — /EuropaWire/ — Seven Capital Management has selected CACEIS as centralising agent for its Seven Lux SICAV SIF within the framework of the BlackSnake sub-fund being admitted to Euroclear France on 24th November. Seven Capital Management is the first alternative … Read the full press release

ING to invest EUR 200 million to further simplify and automate IT systems and processes

Omni-channel approach to create consistent customer service Investment of EUR 200 million to further simplify and automate IT systems and processes Measures to result in reduction of ING’s Dutch workforce by 1,700 FTEs over a three-year period and a pre-tax … Read the full press release

Bosch saved 395 million euros thanks to suggestions for improvement made by its associates

The company suggestions scheme turns 90 From a “suggestions book” to global ideas management Company founder Robert Bosch introduced the suggestions book in 1924 Two associates at Bosch foundry have received the highest possible cash reward of 150,000 euros Christoph … Read the full press release

Barclays announces the appointment of Michael Gapen as Chief US Economist

Mr. Gapen will head the US Economics Research team LONDON, 26-11-2014 — /EuropaWire/ — Barclays today announced the appointment of Michael Gapen as Chief US Economist. Based in New York, Mr. Gapen will lead the US Economics Research team and … Read the full press release

Zurich 2014 SME survey: Most SMEs concerned about the risks of high competition and the associated impact of dumping on sales margins and weak consumer demand/overstocking

Zurich, 26-11-2014 — /EuropaWire/ — While SMEs globally are generally optimistic about the future, they remain concerned about the risks of high competition and the associated impact of dumping on sales margins, and weak consumer demand/overstocking. The Zurich 2014 SME survey … Read the full press release

RBS pays tribute to UK’s top social enterprises at the RBS SE100 Awards held on Monday 24th November 2014

RBS SE100 awards recognise the UK’s top social businesses EDINBURGH, 26-11-2014 — /EuropaWire/ — Social enterprises are now contributing more than £24 billion to the UK economy. Arguably more important however, is the life-changing contribution that many social enterprises make to communities … Read the full press release

Vodafone Greece completed the acquisition of 72.7% of the share capital of Hellas Online SA for EUR72.7m

BERKSHIRE, 25-11-2014 — /EuropaWire/ — Vodafone Group Plc today confirms that Vodafone Greece has completed the acquisition of 72.7% of the share capital of Hellas Online SA (“HOL”), a leading provider of broadband and fixed-line telephony in Greece, for a total … Read the full press release

Volkswagen Group to invest EUR 85.6 billion in new models, innovative technologies and its global presence in its Automotive Division over the coming five years

• EUR 85.6 billion for new models, environmentally friendly technologies and production facilities in the coming five years • Capex ratio to remain at a competitive level of between six and seven percent • Over half of investments in property, … Read the full press release

EBRD to provide US$ 12million syndicated loan to Belarusky Narodny Bank for SME financing across Belarus

LONDON, 24-11-2014 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is providing a syndicated loan of up to US$ 12 million to privately owned Belarusky Narodny Bank (BNB-Bank). The proceeds will allow BNB-Bank, which concentrates its activity … Read the full press release

Vienna Insurance Group recorded very good business development in the first three quarters of 2014

Profit increases 36.4% to EUR 430.8 million Earnings per share grow by 65.5% to EUR 3.26 Premiums stable at around EUR 7.0 billion Combined ratio reduced to a very good 97.2% VIENNA, 20-11-2014 — /EuropaWire/ — Vienna Insurance Group recorded … Read the full press release

The York Festival of Ideas to launch Holbeck Trust-funded Innovation Fund for development of activities for the 2015 programme

The York Festival of Ideas will launch a new Innovation Fund providing support for organisations and individuals wishing to develop activities for the 2015 programme, funded by the Holbeck Trust. YORK, UK, 20-11-2014 — /EuropaWire/ — The festival committee is inviting … Read the full press release