Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Grupo Financiero HSBC, S.A. de C.V. (HSBC Mexico) to sell its bonding and surety business HSBC Fianzas, S.A. to Afianzadora Aserta, S.A. de C.V.

29-8-2013 — /EuropaWire/ — Grupo Financiero HSBC, S.A. de C.V. (‘HSBC Mexico’), an indirect subsidiary of HSBC Holdings plc (‘HSBC’), has entered into an agreement to sell HSBC Fianzas, S.A., its subsidiary which undertakes bonding and surety business, to Afianzadora Aserta, S.A. … Read the full press release

Nestlé H1-2013: sales up 5.3%, operating profit +6.8%, EPS +3.4%

Sales up 5.3% to CHF 45.2 billion, 4.1% organic growth Real internal growth up to 2.7% for the first half: all three geographies contributed Trading operating profit +6.8% to CHF 6.8 billion, margin +20 basis points to 15.1% Marketing spend +60 basis points; consumer … Read the full press release

Fitch affirmed Assicurazioni Generali SpA’s IFS rating at ‘A-‘

Positive conclusion to the review of Generali’s debt ratings by all the main rating agencies, following the creation of Generali Italia 29-8-2013 — /EuropaWire/ — Trieste – Fitch has affirmed Generali’s IFS rating at ‘A-‘ (outlook negative). The rating agency also affirmed … Read the full press release

2013 Deutsche Bank Championship to raise awareness and show support for those affected by the Boston Marathon bombings

The Labor Day weekend FedExCup playoff event has designated Monday as ‘Boston Strong Day’ 29-8-2013 — /EuropaWire/ — The 2013 Deutsche Bank Championship in cooperation with EMC is working to raise awareness and show support for those affected by the Boston Marathon … Read the full press release

Deutsche Asset & Wealth Management appointed Felipe Godard Head of Wealth Management Latin America

29-8-2013 — /EuropaWire/ — Deutsche Asset & Wealth Management announced today that Felipe Godard will join the Firm as a Managing Director and Head of Wealth Management, Latin America, effective October 1, 2013.  He will be based in Geneva, Switzerland and will … Read the full press release

Allianz SE: Mexico is prospering with economic growth of +3%, unemployment rate less than 5% and debt 40% of country’s GDP

Anyone looking for sound macroeconomic figures should divert their attention from Europe and look towards Latin America. There, in the shadow of Brazil and practically unnoticed by the rest of the world, Mexico has, in the past few years, developed … Read the full press release

AXA Group launched its 2013 employee share offering across 38 countries involving 110,000 employees

29-8-2013 — /EuropaWire/ — AXA LAUNCHES ITS 2013 EMPLOYEE SHARE OFFERING (SHAREPLAN 2013) ISSUER AXA, ICB sectorial classification: Industry : 8000, Financials Supersector : 8500, Insurance Sector : 8530, Non life Insurance Subsector : 8532, Full line Insurance OBJECTIVE As each year, the … Read the full press release

Royal Dutch Shell plc Board announced reference share price in respect of Q2 2013 interim dividend

28-8-2013 — /EuropaWire/ — The Board of Royal Dutch Shell plc (“RDS”) today announced the Reference Share Price in respect of the second quarter interim dividend of 2013, which was announced on August 1st, 2013 at $0.45 per A ordinary share (“A … Read the full press release

EBRD lends €10 million to Albania’s Credins Bank Sh.A. for SMEs and trade financing

For on-lending to local SMEs and trade financing 28-8-2013 — /EuropaWire/ — The EBRD is providing Albania’s Credins Bank Sh.A. with €10 million in loans for on-lending to local small and medium-sized enterprises and supporting trade finance solutions for clients of the … Read the full press release

Mr Henrik Sass Larsen becomes EIB Governor for the Kingdom of Denmark

28-8-2013 — /EuropaWire/ — Following recent changes in the Danish government, Mr Henrik Sass Larsen was appointed Minister for Business and Growth on 9 August 2013. He also becomes EIB Governor for the Kingdom of Denmark, succeeding Ms Annette Vilhelmsen. Prior to … Read the full press release

Kesko Group posted €809.1 million sales in July 2013, up 1.3%

28-8-2013 — /EuropaWire/ — The Kesko Group’s sales, excluding VAT, in July 2013 totalled €809.1 million, up 1.3%. In Kesko’s food trade, sales in July were €372.5 million, an increase of 6.2% compared to the previous year. In July, the number of … Read the full press release

911 B shares (KESBV) returned to Kesko without consideration in accordance with Kesko’s three-year share-based compensation plan

28-8-2013 — /EuropaWire/ — A total of 911 B shares (KESBV) have been returned to Kesko Corporation without consideration in accordance with the terms of Kesko’s three-year share-based compensation plan. The shares had initially been transferred to a person included in the target group … Read the full press release

Aurubis Group reports for significant earnings decline in first nine months of fiscal year 2012/13 due to lower metal prices

Hamburg, 27-8-2013 — /EuropaWire/ — The Aurubis Group generated operating earnings before taxes (EBT) of € 133 million in the first nine months of the current fiscal year and was thus not able to follow up on its very good prior-year earnings … Read the full press release

CEZ Group announced H1 2013 financial results, net income up 5.3% YoY

27-8-2013 — /EuropaWire/ — EBITDA rose by CZK 0.9 bn (1.9%) year on year to CZK 49.2 bn. Net Income grew by 5.3% y-o-y to CZK 28.6 bn. The CEZ Group has not changed its expected results for the entire year; EBITDA … Read the full press release

BAWAG P.S.K. – Verbesserte Ergebnisentwicklung im 1. Halbjahr 2013

Weitere Investitionen in die Kerngeschäftsbereiche Neuausrichtung der Bilanz Beschleunigung des Effizienz- und Produktivitätssteigerungsprogramms Starke Kapital- und Liquiditätsbasis bei konservativem Risikoprofil Verbesserung der CET I-Quote1) auf 12,3% (+4,5%-Punkte in den letzten 18 Monaten) Reduktion der Risikokosten um 17,7% Steigerung des Periodenüberschusses (vor Steuern, … Read the full press release

The London Metal Exchange (LME) and Hong Kong Exchanges and Clearing Limited (HKEx) appoint Garry Jones as Chief Executive of the LME to succeed Martin Abbott

27-8-2013 — /EuropaWire/ — Hong Kong Exchanges and Clearing Limited (HKEx) and The London Metal Exchange (LME), part of the HKEx Group, are pleased to announce the appointment of Garry Jones as the Chief Executive of the LME to succeed Martin Abbott, … Read the full press release

EBRD approved its 2013-2016 strategy for Mongolia looking to increase investments in non-natural resource sectors

The Bank will focus on sustainable mining but also support development of infrastructure, financial institutions and SMEs. 27-8-2013 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), having approved its 2013-2016 strategy for operations in Mongolia, is aiming to diversify … Read the full press release

Azerbaijan based microfinance institution TBC Kredit received $3.5M loan from EBRD and TaiwanICDF

US$ 3.5 million loan to microfinance institution TBC Kredit 27-8-2013 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is lending US$ 2.5 million to TBC Kredit LLC for on-lending to micro, small and medium-sized enterprises (MSMEs) in Azerbaijan. A … Read the full press release

MYTILINEOS Group posts consolidated €731M turnover in 1H2013, up 2.3% YoY

27-8-2013 — /EuropaWire/ —  Continued resilience in particularly adverse domestic and global economic conditions 1H2013 Highlights: Net debt down €170 million in 1H2013, dropping from €725 million to €555 million due to stronger positive cash flows and to the reduction in the amount … Read the full press release