Tag Archives: Financial

Rheinmetall to Supply 40 Additional Marder Infantry Fighting Vehicles to Ukraine

(IN BRIEF) The German government has awarded Rheinmetall a contract to deliver an additional 40 Marder infantry fighting vehicles (IFVs) to Ukraine. The order, placed in August 2023, is valued at a high double-digit million-euro sum. Rheinmetall is actively refurbishing … Read the full press release

NatWest Regional PMI® Survey Shows Broad Decline in UK Business Activity Amid Weak Demand

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) The latest NatWest Regional PMI® survey for August has revealed a widespread decline in business activity across the UK due to weakening demand for goods and services. Of the 12 monitored regions and nations, only Wales and London … Read the full press release

Logicor Reports Strong H1 2023 Results Amid Active Asset Management and Expansion in Key Markets

(IN BRIEF) Logicor, a prominent European logistics and distribution property owner and operator, has announced its half-year results for the period ending on June 30, 2023. The company reported strong operating results, driven by active asset management and expansion in … Read the full press release

T-Mobile US Announces $19 Billion Shareholder Return Program and Dividend Increase Plans

(IN BRIEF) T-Mobile US has announced a second phase of its shareholder return program, allocating up to $19 billion for the period from Q4 2023 to the end of 2024. This program includes quarterly dividends totaling approximately $3.75 billion, beginning … Read the full press release

European Investment Bank Successfully Prices EUR 3 Billion EARN Benchmark Bond

(IN BRIEF) The European Investment Bank (EIB) has priced a new EUR 3 billion 5-year benchmark bond, known as EARN, with a maturity date of November 15, 2028. The bond carries an annual coupon of 3.000% and an issue price … Read the full press release

Shell Announces Q2 2023 Interim Dividend Payments in Multiple Currencies

(IN BRIEF) The Board of Shell plc has disclosed the dividend payments for the second quarter 2023 interim dividend, which was declared at US$0.331 per ordinary share on July 27, 2023. Shareholders were given the option to receive dividends in … Read the full press release

NatWest Survey Reveals Positive Outlook Among SME Law Firms Despite Margin Pressures

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) A newly released legal benchmarking survey commissioned by NatWest reveals that 9 out of 10 small to medium-sized (SME) law firms are optimistic about their financial performance in the upcoming year. NatWest’s ninth Legal Report analyzes the financial … Read the full press release

RWE Aktiengesellschaft Initiates Share Acquisition for Employee Share Programme Compliance

(IN BRIEF) RWE Aktiengesellschaft is set to acquire shares in RWE Aktiengesellschaft within the November 15 to November 21, 2023 timeframe. The total purchase value is capped at EUR 25,000,000.00, representing a maximum of 656,857 shares based on the closing … Read the full press release

AB Volvo Witnesses Conversion of Series A Shares to Series B, Adjusting Total Registered Shares and Votes

(IN BRIEF) The conversion of 1,069 Series A shares to Series B shares in AB Volvo has altered the company’s registered share count, resulting in a total of 2,033,452,084 shares, comprising 444,986,702 Series A shares and 1,588,465,382 Series B shares, … Read the full press release

EIB Survey Reveals Central and Eastern European Companies Prioritize Innovation Amidst Investment Challenges

(IN BRIEF) The European Investment Bank (EIB) has released findings from its Investment Survey, focusing on Central and Eastern European (CEE) companies. The survey highlights that 77% of CEE companies are investing in business development, with a higher percentage investing … Read the full press release

LEGO Group’s H1 2023 Earnings Reflect Resilience Amid Toy Industry Challenges, Emphasis on Sustainability and Growth

(IN BRIEF) The LEGO Group reported its earnings for the first half of 2023, showcasing a one percent growth in revenue compared to H1 2022, with consumer sales growing by three percent. Despite an exceptionally strong H1 2022, the company … Read the full press release

UniCredit Successfully Completes Share Buy-Back Transactions as Part of 2022 Programme

(IN BRIEF) UniCredit S.p.A. has successfully concluded a series of share buy-back transactions in accordance with the Second Tranche of the Buy-Back Programme 2022. The program, initiated on June 30, 2023, was carried out under the authorization of the Shareholders’ … Read the full press release

SEAT S.A. Achieves Record-Breaking H1 Financial Results Driven by CUPRA’s Success and Increased SEAT Brand Volume

(IN BRIEF) SEAT S.A. has achieved exceptional financial results in the first half of 2023, with an operating profit of 371 million euros, showcasing a notable increase due to the success of its CUPRA brand and heightened SEAT brand volume. … Read the full press release

AXA Unveils Employee Share Offering ‘Shareplan 2023’ Across 40 Countries to Foster Employee Ownership and Engagement

(IN BRIEF) AXA Group has launched its annual employee share offering named “Shareplan 2023” in 40 countries, inviting more than 110,000 employees to participate. The program allows employees to subscribe to shares issued through a capital increase reserved for employees. … Read the full press release

ING Advances Share Buyback Program, Repurchasing Over 22 Million Shares for €298 Million

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has made progress on its share buyback program, repurchasing 22,963,042 shares during the week of August 14 to 18, 2023. The shares were acquired at an average price of €13.01, totaling €298,758,301.04. This is part of the … Read the full press release

Equinor Announces Q1 2023 Dividend Payouts and Schedule for Oslo and NYSE Shareholders

(IN BRIEF) Equinor ASA, a global energy company, has disclosed its dividend payouts for the first quarter of 2023. On May 4th, 2023, Equinor declared a regular dividend of USD 0.30 per share and an extraordinary dividend of USD 0.60 … Read the full press release

Prime Warehouse Costs Surge Globally, Sydney Overtakes Hong Kong in Savills Report

(IN BRIEF) Total costs for prime warehousing space, including rents, service charges, and taxes, have increased by 10.1% over the 12 months leading up to June 2023, surpassing the 8% annual increase recorded between 2021 and 2022, according to Savills … Read the full press release

Aviva Reports Robust 2023 Interim Results, Surpasses Targets, and Boosts Dividend

(IN BRIEF) Aviva plc has announced its interim results for 2023, showcasing strong growth momentum across the group. The company achieved an 8% increase in group operating profit, with Solvency II own funds generation up by 26%. The results indicate … Read the full press release

Tibnor, Subsidiary of SSAB, Plans Cost-saving Measures Including Staff Reduction to Improve Profitability

(IN BRIEF) Tibnor, a subsidiary of SSAB, has announced plans to adjust its operations in response to lower demand and profitability. The measures, intended to achieve annual cost savings of around SEK 150 million, will encompass all Tibnor business areas … Read the full press release

University of York’s Biorenewables Centre Receives £5 Million Funding to Lead Biohydrogen Development for Transport Sector

(IN BRIEF) The Biorenewables Development Centre (BDC), a subsidiary of the University of York, has secured £5 million in funding from the Department for Energy Security and Net Zero. This funding will support the BDC in leading the second phase … Read the full press release

German DAX CEOs Experience 8% Decrease in Compensation Amidst ESG Focus and Economic Challenges, TUM and DSW Study Finds

(IN BRIEF) According to a study by the Technical University of Munich (TUM) and the advocacy group DSW, the earnings of top executives in German DAX-listed companies were approximately 8% lower in 2022 compared to the previous year. This decrease … Read the full press release

Enea Completes Share Buybacks to Enhance Capital Structure and Shareholder Value

(IN BRIEF) Enea AB (publ) conducted share buybacks between August 7-11, 2023, repurchasing a total of 25,289 own shares under the authorization from the Annual General Meeting 2023. The purpose of the repurchase program is to adjust the company’s capital … Read the full press release

UniCredit Provides Update on Share Buy-Back Program: Over 139 Million Shares Acquired So Far in 2022-2023 Tranches

(IN BRIEF) UniCredit S.p.A. provides an update on its ongoing share buy-back program initiated on 30 June 2023 as part of the Second Tranche of the Buy-Back Programme 2022. The program aims to purchase UniCredit ordinary shares (ISIN IT0005239360). The … Read the full press release

EQT AB repurchased 393,000 Own Ordinary Shares Between 7 and 11 August 2023 as part of its Share Repurchase Program

(IN BRIEF) EQT AB, a purpose-driven global investment organization, has repurchased 393,926 of its own ordinary shares (ISIN: SE0012853455) between 7 and 11 August 2023 as part of its initiated repurchase program, running between 17 July 2023 and 25 August … Read the full press release

UBS Ends Loss Protection Agreement and Liquidity Backstop with Swiss Government in Credit Suisse Rescue Effort

(IN BRIEF) UBS Group AG has voluntarily terminated its CHF 9 billion Loss Protection Agreement (LPA) with the Swiss government, covering potential losses from Credit Suisse non-core assets, after a thorough evaluation of the assets and stress loss scenarios. Additionally, … Read the full press release

thyssenkrupp Sustains Resilient Performance Amidst Challenges in Q3 2022/2023; Refines Fiscal Year Forecast

(IN BRIEF) Despite a challenging business environment, thyssenkrupp reported a robust performance in the 3rd quarter of the 2022/2023 fiscal year. Order intake of €9.4 billion and sales of €9.6 billion were lower than the prior year due to normalization … Read the full press release

Ströer Reports Resilient H1 2023 Results with Strong OOH and Digital Growth Amid Challenging Market

(IN BRIEF) Ströer SE & Co. KGaA has reported its first-half 2023 results, showcasing a 7% increase in consolidated revenue to EUR 865 million amidst challenging market conditions. The company outperformed the contracting German advertising market by more than 10 … Read the full press release

Novozymes Reports Resilient First-Half Performance Amidst Market Volatility, Adjusts 2023 Outlook

(IN BRIEF) Novozymes, a global biosolutions company, has reported its first-half 2023 financial results. The company achieved 3% organic sales growth, an EBIT margin of 25% before special items, and a return on invested capital (ROIC) including goodwill of 17% … Read the full press release

E.ON Reports Strong First-Half Growth and Raises 2023 Earnings Forecast Amidst Calming Energy Markets

(IN BRIEF) E.ON, a leading energy company, has reported positive first-half results for 2023, attributed to a more stable energy market environment. Both of its segments, Energy Networks and Customer Solutions, showed strong operating performances. This has led E.ON to … Read the full press release

UniCredit Advances Share Buy-Back Plan with Additional Purchases

(IN BRIEF) UniCredit S.p.A. has provided an update on its share buy-back program, which was initiated on 30 June 2023 following authorization from the Shareholders’ Meeting held on 31 March 2023. As part of the Second Tranche of the Buy-Back … Read the full press release

ING Advances Share Buyback Scheme as Repurchases Reach Over 16%

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has reported the continuation of its share buyback program, repurchasing 1,536,085 shares at an average price of €13.23 during the week of July 31 to August 4, 2023. The total number of shares repurchased under the program … Read the full press release

Enea Repurchases Own Shares in SEK 25 Million Buyback Program

(IN BRIEF) Enea AB (publ), a telecom and cybersecurity software specialist, has repurchased 24,477 of its own shares within the framework of an authorized share buyback program. The purpose of the program is to adjust the company’s capital structure over … Read the full press release

BioNTech Q2 2023 update: Advances Oncology Pipeline and Prepares for Omicron-Adapted COVID-19 Vaccine Launch

(IN BRIEF) BioNTech reported its second-quarter 2023 financial results and corporate update, highlighting significant pipeline advancements in oncology with the initiation of BNT316/ONC-392 Phase 3 pivotal trial and positive data updates across multiple technology platforms. The company also prepares for … Read the full press release

EnBW Surpasses Expectations in H1 2023 with €3.5 Billion EBITDA; Boosts Investments in Clean Energy Transition

(IN BRIEF) EnBW, a major energy company, has reported its operating results for the first half of 2023, surpassing expectations. The company expects its Group adjusted EBITDA to be €3.5 billion for the period, primarily driven by growth in thermal … Read the full press release

QRT Declares Initial Public Offering for Real Estate Income Trust, Offering Up to $5 Billion in Common Stock

(IN BRIEF) EQT Exeter Real Estate Income Trust, Inc. (EQRT) has announced the effectiveness of its Registration Statement on Form S-11 for its initial public offering of common stock. The company plans to offer up to $5 billion in shares … Read the full press release

ZF Reports Strong H1 2023 Results and Confirms Full-Year Outlook Amid Global Market Challenges

(IN BRIEF) During the first half of 2023, ZF reported sales of €23.3 billion, a 10 percent increase from the previous year. The company’s adjusted EBIT reached €941 million, maintaining an EBIT margin of 4.0 percent. Despite challenges from inflation … Read the full press release

ING Repurchases €20.96 Million Worth of Shares as Part of €1.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced that it repurchased 1,588,973 shares during the week of 24 July 2023, as part of its €1.5 billion share buyback program launched on 11 May 2023. The shares were repurchased at an average price of … Read the full press release

HSBC and Tradeshift Form Joint Venture to Develop Embedded Finance Solutions and Fintech Apps

(IN BRIEF) HSBC and B2B fintech Tradeshift have announced a partnership to establish a jointly-owned business focused on developing embedded finance solutions and financial services apps. HSBC will invest $35 million in Tradeshift and join its board. The joint venture … Read the full press release

GBL Boosts Shareholder Returns with EUR 130 Million Buyback Program

(IN BRIEF) Groupe Bruxelles Lambert (GBL) announces an enhanced shareholder return plan through an accelerated share buyback program. Having executed 26% of its initial EUR 500 million share buyback, GBL will reinstate the program with an additional EUR 130 million, … Read the full press release

Anglo American Reports Interim Results with 41% Decrease in EBITDA Amid Challenging Market Conditions

(IN BRIEF) Anglo American reported its interim financial results for the first half of 2023, showing a 41% decrease in underlying EBITDA, largely due to weaker product prices. Despite macro headwinds, the company is on track to achieve its full-year … Read the full press release