Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

juwi AG increases capital by EUR 70 million; MVV Energie now owns 63 percent

New equity of 70 million euros strengthens the financial capacity of the Wörrstadt-based project developer Shares of Mannheim-based energy company MVV Energie in juwi increase to 63 percent. Wörrstadt, Germany, 12-8-2015 — /EuropaWire/ — With an increase in equity by 70 million … Read the full press release

The EnerCap Power Fund to refinance its 18 MW Horní Lodĕnice Wind Farm in Czech Republic

PRAGUE, 12-8-2015 — /EuropaWire/ — The EnerCap Power Fund, managed by EnerCap Capital Partners has taken advantage of low interest rates and a forced loan portfolio sale by its existing lender to refinance its 18 MW Horní Lodĕnice Wind Farm … Read the full press release

Government-funded superfast broadband now reaches more than three million homes and businesses in UK

New figures show that the rollout of the government-funded superfast broadband has now reached more than three million homes and businesses LONDON, 12-8-2015 — /EuropaWire/ — More than three million homes and businesses have been reached by the Government’s nationwide … Read the full press release

Bank of England: Prudential Regulation Authority (PRA) censures Co-operative Bank Plc for serious risk management and transparency failings

LONDON, 11-8-2015 — /EuropaWire/ — Following an enforcement investigation into the Co-operative Bank Plc (Co-op Bank) the Prudential Regulation Authority (PRA), supported by a team of investigators at the Financial Conduct Authority (FCA), has found that there were serious and … Read the full press release

New exchange-listed sector index fund issued by State Street Global Advisors(SPDR) tradable on Xetra and Börse Frankfurt

FRANKFURT, 11-8-2015 — /EuropaWire/ — A new exchange-listed sector index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra and Börse Frankfurt since Tuesday. Name: SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF Asset … Read the full press release

Swiss Re: total economic losses from natural catastrophes and man-made disasters reached USD 37 billion in H1 2015

Total economic losses from disaster events reached USD 37 billion in H1 2015 Insured losses from disaster events were USD 16.5 billion in H1 2015 Natural catastrophe-related insurance claims were USD 12.9 billion in the first six months of the … Read the full press release

400 apprentices join RBS; to receive a job at the end of their apprenticeship

EDINBURGH, 10-8-2015 — /EuropaWire/ — A couple of weeks ago we marked the launch of our apprenticeship scheme and I’m delighted we’ve committed to recruiting 400 apprentices over our next intake. They’ll be working alongside all of us at the bank … Read the full press release

Lloyds Bank research: UK household savings grown more than sixfold (452%) over the past 40 years

Average savings per household has increased four-fold from £36,989 in 1975 to £145,566 Over a third of savings held in deposits, but proportion held in shares continues to fall Sixteen fold increase in value of pensions drives growth in household … Read the full press release

London Stock Exchange Group: Massimo Tononi standing down as a Non-Executive Director of LSEG and Chairman of Borsa Italiana

LONDON, 10-8-2015 — /EuropaWire/ — London Stock Exchange Group plc (LSEG) today announces that Massimo Tononi is standing down as a Non-Executive Director of LSEG and Chairman of Borsa Italiana. Donald Brydon, Chairman of London Stock Exchange Group plc, commented: … Read the full press release

The Basel Institute on Governance, UN Global Compact, OECD awarded 3-year funding of US$4 million under the 2nd funding round of the Siemens Integrity Initiative to scale up anti-corruption Collective Action

Joint press release by Siemens, Basel Institute on Governance, United Nations Global Compact and the Organization for Economic Cooperation and Development Three year funding of nearly US$4 million under the Siemens Integrity Initiative, supporting organizations and projects that are fighting … Read the full press release

Mercedes-Benz sets new sales record both in July and in the first seven months of the year: 1,048,178 units, +14.7%

Mercedes-Benz hands over 149,753 vehicles to customers in July (+15.2%). Ola Källenius, Member of the Board of Management of Daimler AG, responsible for Mercedes-Benz Cars Marketing & Sales: “We passed the one-million mark already in July. Never before have we … Read the full press release

Ageas confirms exclusive negotiations to acquire AXA’s share in its Portuguese insurance operations for EUR 190.8 million

BRUSSELS, 7-8-2015 — /EuropaWire/ — Ageas today confirms exclusive negotiations and intention to acquire AXA’s share in its Portuguese insurance operations for a total consideration of EUR 190.8 million¹ AXA’s Portuguese operations comprise a Non-Life business (99.7% stake), a Direct/internet … Read the full press release

European Bank for Reconstruction and Development (EBRD), The Asian Development Bank (ADB) and Black Sea Trade and Development Bank (BSTDB) to provide US$1 billion for a landmark offshore natural gas field project in Azerbaijan

Multilateral banks and a syndicate of commercial banks provide US$1 billion to finance development of gas field feeding Southern Gas Corridor from Caspian to Europe LONDON, 7-8-2015 — /EuropaWire/ — The Asian Development Bank (ADB) and the European Bank for … Read the full press release

Klöckner & Co SE reports for increased sales due to exchange rate changes by 4.3% to €3.4 billion in first half of 2015

Sales currency related up by 4.3% to €3.4 billion, despite market driven lower prices and volumes Gross profit margin down from 19.3% to 18.6% due deteriorating steel prices in the US and Switzerland; EBITDA before restructuring expenses accordingly down from … Read the full press release

University of Leeds researchers secured £5 million funding award from Yorkshire Cancer Research to tackle the North-South cancer divide

LEEDS, 6-8-2015 — /EuropaWire/ — Researchers from the University of Leeds have secured a £5 million pound investment aimed at tackling the North-South cancer divide, thanks to a funding award from Yorkshire Cancer Research. University experts will be working in … Read the full press release

SIX and Swisscom to establish a Switzerland-wide, universal mobile payment solution in collaboration with banks

BERNE, 6-8-2015 — /EuropaWire/ — SIX and Swisscom are working towards a strategic partnership to establish a Switzerland-wide, universal mobile payment solution in collaboration with banks. The basis for this partnership has been established in May 2015 when SIX, UBS … Read the full press release

Saxo Bank announces the appointment of Søren Kyhl as COO and member of the Management Board effective from January 1st 2016

Saxo Bank, the online multi-asset trading and investment specialist, today announces the appointment of Søren Kyhl as Chief Operating Officer (COO) and member of the Management Board effective from January 1st 2016. COPENHAGEN, 6-8-2015 — /EuropaWire/ — Saxo Bank, the … Read the full press release

voestalpine Group reports strong revenue and earnings in the first three months of the business year 2015/16

Higher revenue and a significant rise in earnings due to positive operating results and non-recurring effects Revenue goes up from EUR 2.83 billion in the first quarter of 2014/15 to EUR 3.0 billion in the quarter under review, an increase … Read the full press release

MAXIMA GRUPĖ consolidated turnover grew 2.6 per cent during the first half of Y2015 as compared with the same period last year

Vilnius, Lithuania, 5-8-2015 — /EuropaWire/ — During the first half of Y2015, the consolidated turnover of MAXIMA GRUPĖ companies grew 2.6 per cent as compared with the same period last year, and reached 1.28 billion Eur without VAT. This year it … Read the full press release

Repower downgrades its earnings expectations due to low energy prices and strong Swiss franc

Poschiavo, Switzerland, 5-8-2015 — /EuropaWire/ — The predictions accompanying publication of Repower’s last annual results − that with energy prices low and the Swiss franc so strong, the market environment would continue to be challenging in 2015 − have proven … Read the full press release