Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Husqvarna Group plans cost structure improvements

Posted on 7, November 2012 by

7-11-2012 — /europawire.eu/ — Husqvarna Group plans measures to improve the Group’s cost structure. The measures include layoffs in several countries, including Sweden. The proposed measures include a reduction of approximately 600 employees, whereof almost half are in Sweden, mainly in … Read the full press release →

Posted in Business, Construction, Electronics & Machinery, Financial, Industrial, Sweden, Technology

Speech by Frans van Houten at Euronext Beurstrommeldag “Investing in the Future” (English)

Posted on 7, November 2012 by
Speech by Frans van Houten at Euronext Beurstrommeldag “Investing in the Future” (English)

7-11-2012 — /europawire.eu/ — Ladies and Gentlemen, I am delighted to be speaking to you at this ‘Beurstrommeldag’ (‘stock exchange drum day’). It provides an excellent opportunity for me to share with you my thoughts on innovation, entrepreneurship and competitive strength. … Read the full press release →

Posted in Business, Electronics & Machinery, Financial, Management, Netherlands, Society, Technology

Joint funding of European-African research projects agreed

Posted on 7, November 2012 by

Brussels, 7-11-2012 — /europawire.eu/ — The first initiative of European and African countries to jointly fund collaborative research projects will be agreed today during a visit by Research, Innovation and Science Commissioner Máire Geoghegan-Quinn to Cape Town. The calls, to be launched … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Investment, Science, Society

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Atos Worldline launches its first contactless portable terminal in Europe

Posted on 7, November 2012 by

YOXIMO sets new standard with its screen integrated contactless reader Paris, 7-11-2012 — /europawire.eu/ — Atos Worldline, Atos core expertise in Hi-Tech transactional services, launches its first contactless portable terminal, YOXIMO, a new European standard in portable contactless payment terminals. Its integrated … Read the full press release →

Posted in Business, Financial, France, Technology

abertis’ recurrent net profit up 6% to €536Mn in the first nine months of 2012

Posted on 7, November 2012 by

6-11-2012 — /europawire.eu/ — The Group focuses its strategy on internationalisation, debt reduction and strengthening its dividend policy Revenues: €2,992Mn (+1%). Recurrent EBITDA: €1,958Mn (+3%). Recurrent total net profit: €536Mn (+6%). Total net profit: €1,003Mn (+69%) Net debt: €12,512Mn (-10%). abertis’ Board … Read the full press release →

Posted in Business, Financial, Industrial, Media, Spain, Transportation & Logistics

voestalpine reducing earnings expectations by EUR 100 million for FY 2012/13 despite development in the first half according to expectations

Posted on 7, November 2012 by
* according to IFRS all results after Purchase Price Allocation (PPA) ** before minority interest and hybrid capital interest

With an EBITDA of EUR 730 million and EBIT of EUR 441 million based on almost stable revenues in the first half of 2012/13 voestalpine is well on track to repeat the (adjusted) earnings figures of the business year 2011/12. … Read the full press release →

Posted in Austria, Business, Financial, Industrial, Metals and Minerals

State aid: Commission approves Cypriot bank guarantee scheme

Posted on 6, November 2012 by

Brussels, 6-11-2012 — /europawire.eu/ — The European Commission has authorised, under EU State aid rules, a Cypriot state guarantee scheme for credit institutions until 31 December 2012. The purpose of the scheme is to facilitate the access of eligible credit institutions to … Read the full press release →

Posted in Banks, Belgium, Cyprus, European Union, Financial, Government, Law, Society

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Better Spending and Effectiveness for Cohesion Policy to Deliver Growth and Jobs

Posted on 6, November 2012 by

Informal Council/Nicosia, 6-11-2012 — /europawire.eu/ — Ladies and Gentlemen, Effectiveness must be central to our discussions as we focus on Cohesion Policy investments clearly towards the creation of growth and jobs. This meeting takes place at a crucial point in time. The … Read the full press release →

Posted in Cyprus, Economy, European Union, Financial, Government, Politics, Society

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Member States and Commission must manage spending better – say EU Auditors

Posted on 6, November 2012 by

Luxembourg, 6-11-2012 — /europawire.eu/ — The 2011 accounts present fairly the financial position of the European Union and the results of its operations and its cash flows for the year.Revenue and commitments were free from material error. However, payments were affected by material error, with an estimated error rate … Read the full press release →

Posted in European Union, Financial, Government, Law, Luxembourg, Society

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Speech by Vítor Caldeira, President of the European Court of Auditors

Posted on 6, November 2012 by

Presentation of the Annual Reports 2011 THE COMMITTEE ON BUDGETARY CONTROL OF THE EUROPEAN PARLIAMENT Brussels, 6-11-2012 — /europawire.eu/ — Chairman Theurer, honourable members, It is an honour for me to present to your committee the Court’s annual report on the implementation … Read the full press release →

Posted in European Union, Financial, Government, Politics, Society

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BMW Group achieves strong third quarter

Posted on 6, November 2012 by

New highs for sales volume, revenues and earnings Group revenues up by 13.7% to € 18.8 billion Profit before tax 17.6% higher at € 1.99 billion Group profit increased by 16.0% to € 1.29 billion BMW Group reaffirms targets for … Read the full press release →

Posted in Automotive, Business, Financial, Germany

EU budget – better spending needs better control by Member States

Posted on 6, November 2012 by

6-11-2012 — /europawire.eu/ — Errors in EU spending on research and rural development almost doubled in 2011 compared to 2010, said the European Court of Auditors in its annual report, present to Parliament’s Budgetary Control Committee on Tuesday. MEPs will now … Read the full press release →

Posted in Business, Economy, European Union, Financial, Government, Politics

voestalpine AG – Streaming of the press conference on the results of the first half year

Posted on 6, November 2012 by

6-11-2012 — /europawire.eu/ — This year you have again the possibility to watch the press conference on the results of the first half year 2012/13 live via internet. The event where the Management Board of voestalpine AG will present the results … Read the full press release →

Posted in Austria, Business, Financial, Industrial, Metals and Minerals

FAQs on Marie Curie Actions

Posted on 5, November 2012 by

Brussels, 5-11-2012 — /europawire.eu/ — FAQs on Marie Curie Actions Who does the programme fund? The Marie Curie Actions award European research grants, regardless of nationality or field of research. In addition to supporting fellowships, the programme enables researchers to gain international … Read the full press release →

Posted in Awards, Education, European Union, Financial, Government, Society

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VTB President Andrey Kostin visits Angola

Posted on 5, November 2012 by
Andrey Kostin, VTB President and Chairman of the Management Board

5-11-2012 — /europawire.eu/ — VTB President and Chairman of the Management Board Andrey Kostin visited the Republic of Angola on October 31, 2012. During his working visit, Andrey Kostin met with the country’s President, José Eduardo dos Santos, and Vice-President Manuel Domingos Vicente … Read the full press release →

Posted in Banks, Business, Financial, Investment, Russia

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Invitation to press – and telephone conference regarding Skanska’s Nine Month Report on November 8

Posted on 5, November 2012 by

Skanska’s Nine Month Report 2012 will be presented on Thursday, November 8, 2012. 5-11-2012 — /europawire.eu/ — In conjunction with the release of the report, you are invited to participate in a combined press- and telephone conference, at 14.00 (UK 13.00, … Read the full press release →

Posted in Business, Construction, Financial, Sweden

BP Reports Strong Third Quarter Results, Raises Dividend

Posted on 5, November 2012 by

Underlying 3Q 2012 replacement cost profit $5.2 billion; a 40 per cent increase on previous quarter. Increases quarterly dividend by 12.5 per cent, to 9c a share, payable in 4Q 2012. On track for delivery of strategic 10-point plan to … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, United Kingdom

Össur – Þriðji ársfjórðungur 2012

Posted on 5, November 2012 by

HÆG SALA Í BANDARÍKJUNUM HEFUR ÁHRIF Á VÖXT 5-11-2012 — /europawire.eu/ — Sala – Söluvöxtur var 2%, mælt í staðbundinni mynt. Heildarsalan nam 99 milljónum Bandaríkjadala samanborið við 101 milljón dala á þriðja ársfjórðungi 2011. Áframhaldandi eftirlit endurgreiðsluaðila hefur hægt á sölu … Read the full press release →

Posted in Business, Financial, Healthcare, Iceland, Pharma & Biotech, Science, Technology

VTB provides financing to Vyksa Steel Works

Posted on 3, November 2012 by

3-11-2012 — /europawire.eu/ — VTB Bank has opened a revolving credit line with a limit of RUB 6 billion (US$ 190.6 million) for Vyksa Steel Works, part of Russia’s United Metallurgical Company (OMK), for a period of three years. The company will use … Read the full press release →

Posted in Banks, Business, Financial, Investment, Metals and Minerals, Russia

Enagás reports net profit of €281.4Mn

Posted on 3, November 2012 by

 Allowing the company to meet forecast of flat net profit growth for 2012  Cost containment remains crucial to meeting targets  Yela Underground Storage facility brought into operation, key to ensuring security of Spanish gas system  Acquisition … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Investment, Spain