Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Skanska to Lead Sustainable South Molton Development in London’s Mayfair with New Office and Retail Hub

(IN BRIEF) Skanska has been awarded a GBP 197 million contract by a joint venture of Grosvenor and Mitsui Fudosan UK to construct two new office buildings as part of the South Molton redevelopment in Mayfair, London. The project includes … Read the full press release

Thales Debuts AI-Driven Pathmaster Solution for Enhanced Maritime Mine Detection and Safety

(IN BRIEF) Thales unveiled its AI-powered Pathmaster solution at the Euronaval exhibition, showcasing a system designed to improve maritime mine detection and neutralization through advanced sonar data analysis. With the Mi-Map application, Pathmaster processes sonar data up to four times … Read the full press release

Thales Unveils CoastShield: AI-Powered System for Enhanced Coastal Surveillance and Security

(IN BRIEF) Thales has launched CoastShield, a scalable coastal surveillance system that uses AI and a range of integrated sensors to provide real-time monitoring of maritime activities up to 100 nautical miles. CoastShield combines data from radar, drones, and satellite … Read the full press release

Thales Launches Naval DRAKON to Enhance Secure Communication Across Modern Naval Operations

(IN BRIEF) Thales has introduced Naval DRAKON, a cybersecure communication solution designed to meet modern naval challenges by connecting diverse platforms in complex operations. Naval DRAKON integrates multiple communication systems, allowing naval forces to manage their electromagnetic presence and adapt … Read the full press release

BUKO Traffic & Safety Enters German Market with Strategic Acquisition of BVT Bremer Verkehrstechnik

(IN BRIEF) BUKO Traffic & Safety, a leading Dutch provider of traffic and safety management solutions, has expanded into the German market by acquiring BVT Bremer Verkehrstechnik GmbH. This acquisition aligns with BUKO’s broader European growth strategy, which saw it … Read the full press release

TÜV Rheinland Launches Major Shenzhen Hub to Drive Innovation and Quality Standards in South China

(IN BRIEF) TÜV Rheinland has opened its Greater Bay Area (Shenzhen) Operation Hub, marking its largest recent investment in South China and underscoring its dedication to the region’s tech and industrial sectors. The 15,000-square-meter hub, situated in Guangming Yesun Synthetic … Read the full press release

Stadler Opens New Polish Facility to Boost Rail Power Converter Production and Local Employment

(IN BRIEF) Stadler has launched a new facility in Białystok, Poland, dedicated to producing DC power converters for rail vehicles, projected to create over 500 units annually and generate 250 new jobs. The plant will also serve as a key … Read the full press release

H&M’s Holiday 2024 Collection: A Modern Take on Vintage Glamour Celebrates Style and Togetherness

(IN BRIEF) H&M’s Holiday 2024 Collection, inspired by the 1960s and 1970s couture, brings a blend of timeless sophistication and contemporary flair. Featuring bold silhouettes in black and white with playful accents like sequins and crystals, the collection offers festive … Read the full press release

Nefco Invests in Fifax’s Eco-Friendly Fish Farming Expansion in Northern Europe

(IN BRIEF) Finnish land-based fish farming company Fifax has secured a €2.5 million loan from Nefco to boost its Eckerö facility, one of the largest of its kind in Northern Europe. Using environmentally friendly Recirculating Aquaculture Systems (RAS), Fifax recycles … Read the full press release

Insurance Europe Welcomes New Leadership as Thea Utoft Høj Jensen Takes the Helm

(IN BRIEF) Insurance Europe has appointed Thea Utoft Høj Jensen as its new director general, set to succeed Michaela Koller, who has held the position for 18 years. Jensen, a seasoned professional with a background in financial services and European … Read the full press release

GRAHAM Gains SBTi Validation, Advancing Climate Leadership in Construction with Ambitious Net Zero Goals

(IN BRIEF) GRAHAM has received validation from the Science Based Targets initiative (SBTi) for its net zero greenhouse gas reduction targets, aligning its climate goals with the Paris Agreement’s 1.5°C target. This endorsement positions GRAHAM among a select few in … Read the full press release

Fresenius Medical Care Recognized Among Top 100 Women-Led Businesses in Massachusetts Under CEO Helen Giza’s Leadership

(IN BRIEF) Fresenius Medical Care (FME), a global leader in renal healthcare, has earned a spot at #4 on Massachusetts’ Top 100 Women-Led Businesses list, compiled by The Women’s Edge and The Boston Globe. CEO Helen Giza’s leadership has been … Read the full press release

Barclays Finalizes Acquisition of Tesco Bank’s Retail Business, Launches Strategic Partnership to Expand Tesco-Branded Financial Services

(IN BRIEF) Barclays has completed the acquisition of Tesco Bank’s retail banking business, including credit cards, loans, and deposits, now managed under Barclays UK. This acquisition, supported by a new 10-year partnership with Tesco, will enable Barclays to offer Tesco-branded … Read the full press release

Vodafone Connects Crete to Global Network with New IEX Subsea Cable Landing

(IN BRIEF) Vodafone Greece has linked Crete to the India-Europe-Xpress (IEX) subsea cable system via a new landing station in Tympaki, creating a new route for data traffic that strengthens connectivity and resilience on the island. Part of a broader … Read the full press release

Bentley Tallinn Unveils New Showroom and Launches Latest Continental GT and Flying Spur Models in Estonia

(IN BRIEF) Bentley Tallinn has inaugurated its new luxury showroom and service center at Pirni 1, featuring a spacious, light-filled display area and a customization section for clients to personalize their vehicles. Managed by Auto 100 Premium, the grand opening … Read the full press release

BAE Systems to Equip Dutch and Belgian Navies with Advanced Bofors 40Mk4 Naval Guns in Joint Frigate Program

(IN BRIEF) BAE Systems has signed a contract with the Dutch Materiel and IT Command to provide eight Bofors 40Mk4 naval gun systems for the anti-submarine warfare frigate program, a joint initiative between the Netherlands and Belgium. These advanced naval … Read the full press release

EBRD and EU Partner with Montenegro to Boost Energy Efficiency in Schools, Cutting CO₂ and Energy Costs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted Montenegro a €20 million loan, supplemented by EU funding, to improve energy efficiency in 24 educational buildings, including schools and a student dormitory. The upgrades, which will include … Read the full press release

Newcastle and Northumbria Universities Reaffirm Collaborative Commitment to Strengthen City’s Future

(IN BRIEF) Newcastle and Northumbria universities have renewed their partnership through the Collaborative Newcastle Universities Agreement, aiming to support Newcastle’s health, economic growth, and environmental sustainability. This partnership focuses on community initiatives like expanding educational access, promoting student well-being, and … Read the full press release

CRH Powers Romania’s Medgidia Cement Plant with First Wind Farm Dedicated to Clean Energy Transition

(IN BRIEF) CRH has launched a new wind farm in Romania to power its Medgidia Cement Plant, the first of its kind dedicated exclusively to a cement facility in the country. This renewable energy initiative will meet a significant portion … Read the full press release

Standard Chartered and Ant International Complete First HKD Blockchain Transactions, Pioneering New Treasury Solutions

(IN BRIEF) Standard Chartered has conducted its first blockchain-based HKD intra-group transactions with Ant International, using Ant’s Whale platform for more efficient treasury management. This collaboration demonstrates both companies’ commitment to leveraging advanced technology for secure, transparent transactions, with Standard … Read the full press release

Ahlstrom Advances Growth Strategy with Sale of Aspa Pulp Mill to Sweden Timber

(IN BRIEF) Ahlstrom has completed the sale of its Aspa pulp mill to Sweden Timber, a move that allows Ahlstrom to concentrate on its specialty materials portfolio as part of its growth strategy. Sweden Timber plans to expand its product … Read the full press release

LAB Entreprenør to Revitalize Bergen Waterfront with New Apartment Complex and Public Promenade in Nøstet District

(IN BRIEF) LAB Entreprenør AS, part of AF Gruppen, has been contracted by OBOS Nye Hjem to develop a NOK 428 million apartment project in Bergen’s Nøstet district. The waterfront project will feature three residential buildings, an underground garage, outdoor … Read the full press release

AF Gruppen to Lead NOK 1.4 Billion Diakonhjemmet Campus Project in Oslo, Supporting Health and Education Expansion

(IN BRIEF) AF Gruppen has been awarded a NOK 1.4 billion contract to develop the Diakonhjemmet Campus in Oslo, which will include facilities for a health and social care high school, VID University College, a metro platform, and shared infrastructure. … Read the full press release

SIX Swiss Exchange Expands Real Estate ETF Offerings with abrdn’s New Active Fund Listing

(IN BRIEF) SIX Swiss Exchange has welcomed abrdn Investments as a new ETF issuer with the launch of its “abrdn Future Real Estate UCITS ETF.” This actively managed ETF offers investors access to global real estate markets through abrdn’s expertise, … Read the full press release

UK MOD Appoints Savills to Drive Defence Estate Optimisation and Community Impact

(IN BRIEF) The UK Ministry of Defence has appointed Savills as a Strategic Property Advisor to support the Defence Estate Optimisation (DEO) Portfolio, a £5.1 billion investment in modernizing and sustaining Defence Estate infrastructure. Over the next seven years, Savills … Read the full press release

Alfa Laval Celebrates 40 Years in China with New Innovations Unveiled at China International Import Expo

(IN BRIEF) Alfa Laval is celebrating 40 years in China by presenting its latest innovations at the China International Import Expo (CIIE), including the global launch of its T25 SW semi-welded plate heat exchanger. At the event, Alfa Laval will … Read the full press release

Sainsbury’s Christmas Ad Brings the BFG to Life in a Festive Feast for All

(IN BRIEF) Sainsbury’s has launched a festive Christmas advert featuring the beloved Big Friendly Giant (BFG) alongside a real-life colleague named Sophie. The heartwarming ad follows the BFG and Sophie as they explore Sainsbury’s Taste the Difference and holiday ranges, … Read the full press release

RWE Signs Renewable Energy Agreement with Rivian to Power Adventure Network and Expand Wind Project

(IN BRIEF) RWE has signed a 15-year power purchase agreement with Rivian to supply its Adventure Network with renewable energy from the repowered Champion Wind farm in Texas. This 127 MW wind project, currently undergoing upgrades, will help Rivian achieve … Read the full press release

Telefónica Launches Relief Campaign and Provides Free Services for Flood-Affected Communities

(IN BRIEF) Telefónica and its Foundation have launched an emergency relief effort for flood victims across affected regions, deploying technical teams to restore communications and providing free data and national calls through Movistar. In partnership with the Red Cross, Fundación … Read the full press release

Shell Brasil Begins Production at Mero-3 FPSO, Boosting Offshore Capacity in Brazil’s Santos Basin

(IN BRIEF) Shell Brasil has launched production at the Marechal Duque de Caxias FPSO (Mero-3) in Brazil’s Mero field, part of the Santos Basin, with an output capacity of 180,000 barrels of oil per day. This FPSO, located 200 kilometers … Read the full press release

Schmalz Unveils Hygienic mGrip Finger Gripper for Delicate and Safe Food Handling Automation

(IN BRIEF) Schmalz has launched the mGrip finger gripper, a hygienically designed pneumatic gripper tailored for sensitive food handling. Ideal for products like produce and baked goods, the mGrip’s gentle grip and closed, easy-to-clean design meet stringent hygiene standards, allowing … Read the full press release

LEGO Group Begins Construction on Innovation Campus to Foster Creativity and Sustainability in Product Design

(IN BRIEF) The LEGO Group has commenced construction on a new 50,000-square-meter Innovation Campus at its Billund headquarters, designed to enhance creativity and sustainability. The facility will unite 1,700 employees, including over 600 designers, in a collaborative space focused on … Read the full press release

European Energy Ministers Visit Central Europe’s Largest Green Hydrogen Plant at MOL Group’s Danube Refinery

(IN BRIEF) European energy ministers recently visited MOL Group’s green hydrogen plant in Százhalombatta, Hungary, Central Europe’s largest facility of its kind, during the Central and South-Eastern Europe Energy Connectivity (CESEC) meeting. The 10-megawatt plant produces 1,600 tonnes of green … Read the full press release

Ericsson Unveils 5G Advanced Suite to Boost Network Efficiency and Enable New CSP Services

(IN BRIEF) Ericsson has launched a suite of seven 5G Advanced software products designed to empower communications service providers (CSPs) with high-performing programmable networks. These products leverage AI-driven automation, intent-based functionality, and service-aware RAN to optimize network performance, improve user … Read the full press release

ABN AMRO Analysis Highlights Link Between Limited Access to Sports, Culture, and Lower Test Scores Among Dutch Children

(IN BRIEF) An analysis by ABN AMRO Foundation reveals that Dutch primary school children with limited access to sports and cultural activities are more likely to receive recommendations for lower levels of secondary education, potentially limiting their educational and career … Read the full press release

TU/e and Catharina Hospital Use Digital Twins to Shape the Future of Personalized Heart Care

(IN BRIEF) Researchers from Eindhoven University of Technology (TU/e) and Catharina Hospital, including cardiologist Prof. Lukas Dekker and PhD candidate Carlijn Buck, are pioneering the use of “digital twins” to advance personalized care for heart patients. This innovative approach creates … Read the full press release

Denmark’s First Guide to Sustainable Management of Vacant Properties Unveiled by Aalborg University

(IN BRIEF) Aalborg University researchers have published Denmark’s first guide for sustainably managing vacant properties, addressing the economic, social, and environmental impacts of underused buildings. Developed with insights from Danish case studies and in collaboration with Freja Ejendomme and the … Read the full press release

Accenture and 1910 Genetics Unite to Revolutionize Drug Discovery with AI-Driven Solutions

(IN BRIEF) Accenture has invested in 1910 Genetics, a biotech firm leveraging AI-driven lab automation to enhance drug discovery for small and large molecule therapies. This partnership aims to provide biopharma clients with a powerful AI platform, streamlining the drug … Read the full press release

Ahlstrom Joins Global Sustainability Movement with World Business Council for Sustainable Development Membership

(IN BRIEF) Ahlstrom, a global leader in fiber-based specialty materials, has joined the World Business Council for Sustainable Development (WBCSD) to collaborate with industry leaders in addressing major environmental issues like climate change, decarbonization, and biodiversity loss. Guided by its … Read the full press release

Thales’ Innovative In-Flight Entertainment Accessibility Solutions Honored with Crystal Cabin Award

(IN BRIEF) Thales has been awarded the Crystal Cabin Award for its suite of in-flight entertainment (IFE) accessibility solutions at the APEX/IFSA Awards Ceremony held on October 30, 2024, in Long Beach, California. Recognized in the Best Customer Journey Experience … Read the full press release