Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Moldova to modernise district heating in its second largest city Bălți with the help of EBRD and partners

EBRD and partners help reduce gas consumption, increase energy efficiency and improve heating services BALTI, Moldova, 30-10-2014 — /EuropaWire/ — Moldova has received a €7 million loan from the European Bank for Reconstruction and Development (EBRD) to modernise district heating … Read the full press release

EBRD takes part in the upgrade of Komani hydro power plant in Albania

Komani, Albania’s most important hydropower power plant, undergoes a safety makeover with EBRD funding LONDON, 30-10-2014 — /EuropaWire/ — The most important source of electricity in Albania is the Komani hydro power plant in the mountains of the Puka region. … Read the full press release

French Banking Federation: The French banks successfully completed the asset quality review (AQR) and stress tests organized by the European Central Bank

PARIS, 29-10-2014 — /EuropaWire/ — The French banks have successfully completed the asset quality review (AQR) and stress tests organized by the European Central Bank (ECB). The satisfactory results of this joint exercise demonstrate the strength of French banks in … Read the full press release

Barclays launches two year sponsorship partnership with JA-YE Europe with six innovation camps in Spain, Russia, Italy, France, Germany and Portugal

BRUSSELS, 29-10-2014 — /EuropaWire/ — On Wednesday, Barclays launches its two year sponsorship partnership with JA-YE, kicking off a two-year plan with six innovation camps in Spain, Russia, Italy, France, Germany and Portugal on the theme of increasing economic growth.  Over … Read the full press release

BAWAG P.S.K. and Amundi enter into long-term strategic partnership in asset management; Amundi acquires BAWAG P.S.K. INVEST as part of the transaction

As part of the transaction: – Amundi acquires BAWAG P.S.K.’s asset management subsidiary – BAWAG P.S.K. and Amundi enter into a long-term distribution agreement to continue the distribution of INVEST products Amundi will continue to operate INVEST out of Austria, … Read the full press release

Eni acquired 599,842 treasury shares for € 9,779,039.96 between October 13 and October 17, 2014

Following the purchases announced today, considering the treasury shares already held, on October 17, 2014 Eni holds n. 28,690,039 shares equal to 0.79% of the share capital. San Donato Milanese (Milan), 27-10-2014 — /EuropaWire/ — During the period from October 13 … Read the full press release

Yara International ASA delivered strong 2014 3Q results, with record fertilizer deliveries and continued margin benefit from lower European gas price

Oslo, 27-10-2014 — /EuropaWire/ — Yara International ASA delivered strong third-quarter results, with record fertilizer deliveries and continued margin benefit from lower European gas price. “Yara reports a strong third-quarter result with record deliveries, reflecting both organic growth and the … Read the full press release

Swisscom survey: Swiss banks are slow in implementing innovative digital services in retail banking despite its relevance

Although Swiss banks are aware of the relevance of innovative digital services in retail banking, they have been slow to implement them. This is the conclusion of a Swisscom survey conducted among 22 Swiss cantonal, retail and major banks as … Read the full press release

The Volvo Group reports increased profitability compared to last year in its third quarter 2014 results

Gothenburg, Sweden,  24-10-2014 — /EuropaWire/ — The market development in the third quarter followed the overall direction from the second quarter with good momentum in North America and Japan and continued slow development in the emerging markets in South America … Read the full press release

Transport group Stagecoach invests more than £600,000 in five state-of-the-art electric vehicles for its bus operations in Inverness, Scotland

Bus operator to invest more than £600,000 infive state-of-the-art electric vehicles Further funding of £477,000 to come from Scottish Government Green Bus Fund Vehicles to go into service in Inverness PERTH, SCOTLAND, 24-10-2014 — /EuropaWire/ — Transport group Stagecoach is … Read the full press release

SAS and Longitude Research survey: Only one in four banks say they’re highly mature at stress testing

Majority still at early stage of development, cite data management and skills shortage as top challenges Marlow, UK, 24-10-2014 — /EuropaWire/ — Stress testing is a given for banks, as regulations and compliance pressures loom. Yet only one in four banks say … Read the full press release

Chr. Hansen announces strong full-year results: 8% organic growth

After solid growth in the fourth quarter Chr. Hansen announces strong full-year results that match the expectations for the year Hørsholm, Denmark, 23-10-2014 — /EuropaWire/ — “Chr. Hansen continues to deliver solid growth and strong margins. In 2013/14, organic growth was … Read the full press release

BP to invest EUR 2 million in fundamental research by the department of Physics of Complex Fluids of the University of Twente research institute MESA+

Research should result in knowledge to extract more oil from existing fields Enschede, Netherlands, 23-10-2014 — /EuropaWire/ — In the next five years, BP will invest two million euros in fundamental research by the department of Physics of Complex Fluids of  the … Read the full press release

The Central Bank of Malta to host permanent exhibition of the works of Victor Pasmore within the Bank’s premises at the Polverista Conference Hall

Valletta, Malta, 22-10-2014 — /EuropaWire/ — The Central Bank of Malta has signed a collaborative agreement with the Victor Pasmore Foundation for the setting up of a permanent exhibition of the works of Victor Pasmore within the Bank’s premises at the … Read the full press release

Bridgepoint sells Quilter Cheviot to Old Mutual plc for £585 million

Quilter Cheviot, the UK private wealth manager, has been acquired by Old Mutual plc in a transaction totalling £585 million. LONDON, 22-10-2014 — /EuropaWire/ — Quilter & Co. Ltd (‘Quilter’) was originally acquired at the end of 2011 in primary … Read the full press release

NERC signs new £23m contract with the University of Leicester to fund the National Centre for Earth Observation for further five years

NERC invests £23m in Earth observation, supporting science and innovation, big data and space technology at the University of Leicester Leicester, UK, 21-10-2014 — /EuropaWire/ — NERC is to fund the National Centre for Earth Observation (NCEO) for a further five … Read the full press release

Rabobank report: Brazil to increase fed beef production by approximately 2.5 million tonnes per annum by 2023

Utrecht, Netherlands, 21-10-2014 — /EuropaWire/ — In response to rising global beef demand, Brazil is set to step up the rapid intensification of its beef production sector over the next ten years, enabling the industry to expand into higher-value export markets. … Read the full press release

Skanska sells third plot of its UK residential development land to Kersfield Developments Limited for GBP 8M

STOCKHOLM, 16-10-2014 — /EuropaWire/ — Skanska has sold the third plot of its UK residential development land bank for GBP 8 M, about SEK 89 M, to Kersfield Developments Limited. The transaction is recorded in the fourth quarter of 2014. … Read the full press release

Experian® research: UK SMEs are the most exposed to risk out of the UK business population

Experian’s SME Reputation Index reveals that the UK’s smallest firms are the most exposed to risk out of the UK business population Nottingham, 15-10-2014 — /EuropaWire/ — More than half of small and medium businesses are putting themselves at extra and unnecessary … Read the full press release

Experian® reveals that more fraud being detected and prevented than a year ago

More fraud detected than 12 months ago, especially identity frauds, as the rate of detected fraud has risen from 24 to 35 frauds per 10,000 applications* Mortgages saw the highest rate of detected fraudulent applications, more than any other financial … Read the full press release