(IN BRIEF) In the third quarter of 2023, global shipping and logistics giant Maersk reported financial results that mirrored expectations but reflected the harsh realities of a challenging market environment. With revenues of USD 12.1 billion, down significantly from the … Read the full press release
Posted in Business, Denmark, Economy, Financial, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Financial, investment, Maersk, Vincent Clerc
(IN BRIEF) The European Investment Bank (EIB) will provide advisory assistance to the Bulgarian Ministry of Innovation and Growth to enhance the effectiveness of the development financial institutions it supervises, with the aim of better supporting the Bulgarian economy. The … Read the full press release
Posted in Banks, Bulgaria, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Bulgaria, Bulgarian Development Bank (BDB), economy, European Investment Bank, Financial, Fund Manager of Financial Instruments in Bulgaria (FMFIB), Kyriacos Kakouris, Milena Stoycheva, partnership, sustainability
(IN BRIEF) The Board of Management of Deutsche Telekom has announced its plans for shareholder remuneration in the upcoming year. The company intends to increase the dividend for the 2023 financial year to €0.77 per dividend-bearing share, up from €0.70 … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Telecom
Tagged Andreas Leigers, Deutsche Telekom, Financial, investment, Share Buyback 2024, Tim Höttges
(IN BRIEF) Heidelberg Materials, a global leader in building materials, has reported a 6.0% increase in revenue to €16,083 million for the first nine months of 2023, despite a decline in sales volumes due to a global economic downturn. The … Read the full press release
(IN BRIEF) SIX, the Swiss National Bank (SNB), and six commercial banks are embarking on a pioneering pilot project called Helvetia Phase III, aimed at exploring the use of tokenized central bank money (wCBDC) for financial institutions. This initiative marks … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, International Trade, Investment, Management, News, Switzerland, Technology
Tagged Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, David Newns, Financial, Helvetia Phase III, Hypothekarbank Lenzburg, Jos Dijsselhof, partnership, SDX, sustainability, Swiss Financial Institutions, Swiss National Bank (SNB), Tokenized Central Bank Money SIX, UBS, Zürcher Kantonalbank
(IN BRIEF) In the third quarter of 2023, ANDRITZ, an international technology group, achieved substantial growth in revenue, earnings, and net income compared to the previous year. While the total order intake declined due to the absence of a large … Read the full press release
Posted in Austria, Business, Environment, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, Financial, GREEN HYDROGEN, investment, Joachim Schönbeck, partnership, sustainability
(IN BRIEF) The Buxton Climate Change Impacts Lab, celebrating its 30th anniversary, is at risk of closure due to a funding shortfall. This unique experiment, investigating climate change’s effects on grasslands, plays a vital role in understanding and mitigating climate … Read the full press release
(IN BRIEF) Global listed real estate has experienced a significant correction, with a 25% drop in EUR terms since the beginning of 2022, leading to property companies trading at a 20% discount to their net asset value (NAV). In Europe, … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Norway, Real Estate
Tagged Bargain Valuations, Economic Outlook, Financial, investment, real estate, SKAGEN
(IN BRIEF) Barclays has introduced the Demo Directory, a novel online platform that allows UK businesses to connect with potential investors, regardless of their banking affiliation. This free service aims to simplify and expedite access to capital, offering opportunities for … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Internet & Online, Investment, Management, News, Technology, United Kingdom
Tagged Anthony Newman, Ape2o, Barclays, Benjamin Storey, Demo Directory, Financial, investment, partnership, sustainability, UK businesses
(IN BRIEF) Germany’s gross domestic product (GDP) for the third quarter of 2023 declined by 0.1% when adjusted for price, seasonal, and calendar variations compared to the previous quarter. This decrease follows a slight increase in economic performance in … Read the full press release
Posted in Business, Economy, Financial, Germany, Government, Industrial, Investment, Management, News
Tagged Destatis, economy, Financial, GDP, Germany, investment
(IN BRIEF) HSBC Holdings plc reported strong financial performance in the third quarter of 2023, with profit before tax rising to $7.7 billion. This increase was driven by a higher interest rate environment and a positive impact related to the … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged 2023 Earnings, Financial, HSBC, investment, Noel Quinn
(IN BRIEF) Glencore, a global mining and commodities company, released its Third Quarter 2023 Production Report. The report highlights the company’s performance over the first nine months of the year, emphasizing that copper, coal, and zinc assets met expectations and … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, Metals and Minerals, News, Switzerland
Tagged 2023 Q3 Production, ferrochrome, Financial, Gary Nagle, Glencore, investment, nickel
(IN BRIEF) AXA has released its tenth edition of the Future Risks Report, which analyzes evolving and rising risks based on perceptions of experts and the general population. The report identifies the concept of “polycrisis,” where geopolitical tensions, emerging technologies … Read the full press release
Posted in Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged AXA, Crisis Mode, Financial, Future Risks Report 2023, investment, THOMAS BUBERL
(IN BRIEF) Schneider Electric, a leader in energy management and automation, has released its quarterly sustainability impact performance report along with its third-quarter financial results. The report highlights the progress of the Schneider Sustainability Impact (SSI) 2021-2025 program, which aims … Read the full press release
Posted in Business, Environment, Financial, France, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, Schneider Electric, sustainability
(IN BRIEF) FTSE Russell, an LSEG business, and Tradeweb have formed a strategic partnership aimed at advancing fixed income index pricing and index trading products. The collaboration will expand benchmark pricing, widen index inclusion, and enhance trading functionality for fixed … Read the full press release
Posted in Business, Economy, Financial, Industrial, International Trade, Investment, Management, News, United Kingdom
Tagged Financial, FTSE Russell, Lisa Schirf, LSEG, partnership, Pricing, Scott Harman, Tradeweb, trading
(IN BRIEF) MAN Truck & Bus has reported strong performance in the first nine months of 2023, with unit sales increasing by 51% to 84,244 new vehicles. The company’s sales revenue reached €10.6 billion, up 36% year-on-year, attributed to higher … Read the full press release
Posted in Business, Financial, Germany, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Financial, Inka Koljonen, investment, MAN Truck & Bus
(IN BRIEF) The Board of Directors of SSAB AB (publ) has decided to initiate a share buyback program with a maximum amount of SEK 2.5 billion (~EUR 212.5 Million). The program aims to optimize the company’s capital structure to enhance … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, Metals and Minerals, News, Sweden
Tagged acquisitions, Financial, investment, Martin Lindqvist, Share Buyback Program, SSAB
(IN BRIEF) Norsk Hydro ASA has provided details of transactions made under its share buyback program, which commenced on September 22, 2023, and is set to conclude on February 29, 2024. The program has involved multiple transactions, with varying daily … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway
Tagged Financial, investment, Norsk Hydro, Share Buyback Program
(IN BRIEF) Linde plc has announced a quarterly dividend of $1.275 per share, payable on December 18, 2023, to shareholders of record on December 4, 2023. Additionally, the company’s Board of Directors has approved a new share repurchase program for … Read the full press release
Posted in Business, Chemicals, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Financial, investment, Linde, Sanjiv Lamba
(IN BRIEF) BioNTech SE is set to reveal its financial results for the third quarter of 2023 on November 6th, 2023. The company invites investors and the public to participate in a conference call and webcast at 8:00 a.m. ET … Read the full press release
Posted in Business, Financial, Germany, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged BioNTech, Financial, INNOVATION, investment
(IN BRIEF) Eurex, the leading European exchange, has marked another significant step in its mission to provide secure access to cryptocurrencies within a regulated market environment. Following the successful launch of Bitcoin index futures in April 2023, Eurex has now … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, International Trade, Investment, Management, News
Tagged Bitcoin index, cryptocurrency, Deutsche Börse Group, Eurex, Financial, FTSE, investment, Randolf Roth, Shawn Creighton
(IN BRIEF) CapMan, a leading investment and asset management company, has scheduled the release of its interim report for the period from 1 January to 30 September 2023. The report will be published on Thursday, 26 October 2023, at approximately … Read the full press release
Posted in Business, Financial, Finland, Industrial, Investment, Management, Media, News, Real Estate
Tagged CapMan, Financial, investment, Pia Kåll
(IN BRIEF) Ericsson’s Wallet Platform has been ranked as the number one digital wallet platform vendor by Juniper Research. Additionally, it received the ‘Best Digital Wallet Platform’ award at the Future Digital Awards for Fintech & Payments 2023 by Juniper … Read the full press release
Posted in Awards, Business, Financial, Industrial, Investment, Management, News, Sweden, Technology, Telecom
Tagged Awards, digital transformation, Digital Wallet Platform, Ericsson, Financial, fintech, Juniper Research, Michael Wallis-Brown, partnership
(IN BRIEF) AXA has released its 9M22 activity indicators in accordance with the new accounting standards IFRS 17 and IFRS 9, which came into effect on January 1, 2023. These indicators include Gross Written Premiums & Other Revenues, New Business … Read the full press release
Posted in Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged 9M22, Accounting Standards, AXA, Financial, investment
(IN BRIEF) Sandoz Group AG, a Novartis spin-off, officially listed its shares at the SIX Swiss Exchange. With an opening share price of CHF 24.00, the market capitalization of Sandoz reached approximately CHF 10.3 billion. Sandoz’s issued share capital consists … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Pharma & Biotech, Switzerland
Tagged Financial, investment, Jos Dijsselhof, Novartis, partnership, Richard Saynor, Sandoz Group, shares, SIX Swiss Exchange
(IN BRIEF) ING has announced the successful progress of its €1.5 billion share buyback program initiated on May 11, 2023. During the week of September 25 to September 29, 2023, the bank repurchased 4,165,025 shares at an average price of … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, ING, investment, Share Buyback Program
(IN BRIEF) BBVA, with a robust capital position boasting a fully-loaded CET1 ratio of 12.99 percent as of June 2023, has announced its intention to initiate a new share buyback program worth €1 billion. This program is considered an extraordinary … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Spain
Tagged BBVA, Financial, investment, Share Buyback Program, shareholder
(IN BRIEF) ING has announced that it repurchased a total of 6,053,559 shares during the week of September 18, 2023, through September 22, 2023, as part of its €1.5 billion share buyback program initiated in May 2023. The shares were … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, ING, investment, Share Buyback Program
(IN BRIEF) Fincantieri, the Italian shipbuilding company, has signed a significant EUR 800 million financing agreement with a 5-year tenor and a 3-year grace period. This facility, which aligns with the SupportItalia Guarantee under Legislative Decree No. 50 of May … Read the full press release
Posted in Banks, Business, Environment, Financial, Industrial, Insurance, Investment, Italy, Management, News, Transportation & Logistics
Tagged Financial, Fincantieri, investment, partnership, SACE, sustainability
(IN BRIEF) MSCI, a prominent international ESG rating company, has raised UniCredit’s ESG rating from ‘A’ (average) to ‘AA’ (leader). This upgrade is primarily attributed to UniCredit’s commitment to social issues, including consumer protection, financial literacy programs, and responsible retail … Read the full press release
Posted in Banks, Environment, Financial, Industrial, Investment, Italy, Management, News
Tagged ESG rating, Financial, Fiona Melrose, MSCI, partnership, sustainability, UNICREDIT
(IN BRIEF) Savills has revealed that the total value of global real estate, including residential, commercial, and agricultural properties, reached $379.7 trillion in 2022, solidifying its status as the world’s most significant store of wealth. This value exceeds the combined … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Real Estate, United Kingdom
Tagged Debt Securities, equities, Financial, Global Real Estate, Paul Tostevin, Savills
(IN BRIEF) Nina Kopola, Director General of Business Finland, has expressed support for the Finnish government’s commitment to increasing investment in research, development, and innovation (RDI). She highlights the importance of maintaining high standards across the entire RDI chain and … Read the full press release
Posted in Business, Education, Financial, Finland, Government, Industrial, Investment, Management, News, Science, Society, Technology
Tagged Business Finland, digitalization, Financial, Nina Kopola, partnership, RDI Chain, society, University of Helsinki
(IN BRIEF) Danmarks Nationalbank, the central bank of Denmark, has become the second central bank outside the euro area to actively trade and centrally clear repo transactions at Eurex. Eurex’s cleared repo markets, which currently have over 160 registered participants, … Read the full press release
Posted in Banks, Business, Denmark, European Union, Financial, Germany, Industrial, Insurance, International Trade, Investment, Management, News
Tagged Danmarks Nationalbank, Denmark, Deutsche Börse, Eurex, Financial, investment, Martin Wagner Toftdahl, Matthias Graulich, partnership, Repo Markets, trading
(IN BRIEF) UniCredit S.p.A. has announced its intention to launch a tranche of its 2023 share buy-back program, with a maximum value of €2.5 billion. The bank cites its strong capital levels, robust financial performance, solid asset quality, and lower … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Italy, Management, News
Tagged Financial, investment, share buy-back, UNICREDIT
(IN BRIEF) ING has announced the completion of its €1.5 billion share buyback program, which was launched on May 11, 2023. During the week of September 11 to September 15, 2023, the bank repurchased 2,315,477 shares at an average price … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, ING, investment, Share Buyback Program
(IN BRIEF) Eurex, a leading derivatives exchange, has garnered significant interest in its Short-Term Interest Rate (STIR) Partnership Program extension. As of now, 18 participants from the U.S., U.K., and Continental Europe have registered for the program. This expansion aims … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, International Trade, Investment, Management, News
Tagged Deutsche Börse, Eurex, expansion, Financial, Matthias Graulich, partnership, STIR
(IN BRIEF) Coface’s latest survey on corporate payment experience in Germany indicates a return to normalcy in payment trends after the disruptions caused by the COVID-19 pandemic and the war in Ukraine. In 2023, more companies offered payment terms, resembling … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Germany, Industrial, Insurance, Investment, Management, News
Tagged COFACE, Financial, German companies, investment, Payment Trends
(IN BRIEF) Seadrill Limited has initiated a share repurchase program, previously authorized by its Board of Directors, allowing the company to repurchase up to $250 million worth of its common shares. The program, which has no specified time limit, involves … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Financial, investment, Seadrill
(IN BRIEF) Neste, a leading energy company, has reported an improved outlook for its Oil Products segment’s margin in the third quarter of 2023. Despite the ongoing volatility in oil markets, margins for diesel and gasoline in Northwest Europe have … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News
Tagged expansion, Financial, Neste, oil products, refinery, Singapore, Susanna Sieppi
(IN BRIEF) On Monday, BBVA initiated the issuance of a $750 million contingent convertible (CoCo) bond in dollars, registered under the U.S. Securities and Exchange Commission (SEC). This CoCo bond, with a six-year amortization option, carries an initial price of … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Spain
Tagged BBVA, CoCo bond, Contingent Convertible Bond, Financial
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