(IN BRIEF) Achmea has announced a restructuring of its subsidiary, Syntrus Achmea Real Estate & Finance B.V., to support its growth in the mortgage and real estate sectors. Effective October 1, 2024, the mortgage and real estate activities will be … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Insurance, Investment, Management, Netherlands, News, Real Estate
Tagged Achmea, Financial, investment, mortgages, real estate, Syntrus Achmea
(IN BRIEF) Ahold Delhaize has repurchased 250,000 common shares for €7.5 million as part of its ongoing €1 billion share buyback program. This brings the total repurchased shares to 25.7 million, with a cumulative spend of €720.5 million. The buyback … Read the full press release
Posted in Business, Economy, Financial, Food & Beverage, Industrial, Investment, Management, Netherlands, News, Retail
Tagged Ahold Delhaize, Financial, investment, Shares Buyback Program
(IN BRIEF) Metso has initiated union negotiations regarding potential temporary layoffs of up to 90 days in its Aggregates business area in Finland. This decision comes in response to low demand, high inventory levels, and a decrease in orders at … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Aggregates Business, economy, Financial, Metso, Temporary Layoffs
(IN BRIEF) The latest Swiss Payment Monitor report reveals that mobile payments have become the most popular payment method in Switzerland, surpassing debit cards and cash for the first time. Mobile devices now account for 26.8% of all transactions, driven … Read the full press release
Posted in Banks, Bulgaria, Economy, Financial, Industrial, Internet & Online, Investment, Management, News, Switzerland, Technology
Tagged cash, debit cards, Financial, mobile payments, Payment Method, Switzerland, University of St. Gallen, ZHAW
(IN BRIEF) The EY-Databricks Alliance has been recognized for the second consecutive year as the 2024 Databricks Financial Services Partner of the Year. This award highlights the partnership’s success in delivering innovative data, analytics, and AI solutions to the financial … Read the full press release
Posted in Artificial Intelligence (AI), Awards, Business, Financial, Government, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged Awards, Databricks, EY, Financial, Junta Nakai, partnership, Scott Keipper, sustainability, USA
(IN BRIEF) EQT AB has continued its share buyback program, repurchasing 371,231 of its own ordinary shares between August 12 and August 16, 2024, as part of a larger initiative to enhance shareholder value. The repurchases are part of a … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Sweden
Tagged EQT AB, Financial, investment, share buyback
(IN BRIEF) Lindsay Goldberg, a private equity firm specializing in family and founder-led businesses, has acquired a controlling interest in Golden State Foods (GSF), a major supplier in the foodservice and retail industries. The Wetterau family, who have been long-time … Read the full press release
Posted in Agriculture, Business, Economy, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Law, Management, News, United Kingdom
Tagged acquisition, BCLP, Financial, Golden State Foods, investment, Lindsay Goldberg, partnership, USA, Wetterau family
(IN BRIEF) ENGIE has reached Financial Close for the Goorambat East Solar Farm, a 250 MW renewable energy project in northern Victoria. With construction set to begin soon and completion expected by 2026, the solar farm will provide enough electricity … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Australia, ENGIE, expansion, Financial, Goorambat East Solar Farm, Ms. Laura Caspari, partnership, renewable energy, sustainability, Victoria
(IN BRIEF) E.ON reported strong financial performance in the first half of 2024, achieving an adjusted Group EBITDA of €4.9 billion and an adjusted net income of €1.8 billion, in line with its full-year targets. The company reaffirmed its guidance … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged E.ON, energy transition, Financial, investments, Leonhard Birnbaum, sustainability
(IN BRIEF) Moody’s has reaffirmed Outokumpu’s Ba2 corporate family rating with a stable outlook, maintaining the upgrade it made in May 2023 from a previous Ba3 rating. The decision reflects Moody’s recognition of Outokumpu’s strong financial position and successful profit … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, Marc-Simon Schaar, Moody, Outokumpu
(IN BRIEF) CANCOM Group saw a 29.1% increase in revenue in the first half of 2024, reaching €835.3 million, with significant contributions from its International segment, particularly the CANCOM Austria Group. EBITDA rose to €55.5 million, while operating cash flow … Read the full press release
Posted in Austria, Business, Economy, Financial, Germany, Government, Industrial, Investment, News, Technology
Tagged Austria, CANCOM Group, Financial, investment, partnership, Rüdiger Rath
(IN BRIEF) NORMA Group reported strong profitability in Q2 2024, despite a challenging market environment, with adjusted EBIT at EUR 26.1 million and a slightly improved margin of 8.5%. The company saw growth in its water management solutions but faced … Read the full press release
(IN BRIEF) Vestas Wind Systems A/S has revised its financial outlook for 2024, now projecting revenue between EUR 16.5 billion and EUR 17.5 billion, down from EUR 16 billion to EUR 18 billion. The expected EBIT margin before special items … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News
Tagged economy, Financial, investment, Vestas
(IN BRIEF) Exor N.V. has announced the continuation of its share buyback program, originally launched on September 13, 2023, with an additional €125 million allocated for the second tranche, starting August 12, 2024. This follows the completion of the first … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Exor N.V., Financial, investment, Share Buyback Program
(IN BRIEF) MOL Group reported strong financial results for the first half of 2024, with a 19% year-on-year increase in profit before tax, driven by robust demand in Downstream, strong Upstream production, and retail expansion. Despite industry challenges, the company … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Hungary, Industrial, Investment, Management, News
Tagged economy, Financial, investment, MOL Group, Zsolt Hernádi
(IN BRIEF) SUSS MicroTec SE reported strong financial results for the first half of 2024, with a high order book of €450 million and a significant 45.6% increase in sales to €192.8 million. The Q2 sales reached €99.3 million, driven … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Burkhardt Frick, Dr. Cornelia Ballwiesser, Dr. Thomas Rohe, Financial, investment, SÜSS MicroTec
(IN BRIEF) AUTO1 Group SE, a leading European digital automotive platform, reported record-breaking results in Q2 2024. Key highlights include a 17% increase in units sold (166,292), a 36% rise in gross profit (€173.3 million), and the highest adjusted EBITDA … Read the full press release
Posted in Automotive, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged AUTO1 Group, Christian Bertermann, Financial, investment, Markus Boser
(IN BRIEF) KION Group reported a significant increase in profitability for the first half of 2024, with revenue rising by 2% to €5.736 billion and adjusted EBIT improving by 28% to €447 million. The company saw improvements in both its … Read the full press release
Posted in Business, Economy, Financial, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Financial, investment, KION Group, profitability, Rob Smith
(IN BRIEF) BBVA has been named the World’s Best Corporate Bank 2024 by Global Finance magazine, marking the fourth time and second consecutive year it has received this honor. The award recognizes BBVA’s strong performance, reputation, and management excellence. BBVA … Read the full press release
Posted in Awards, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Spain, Technology
Tagged Awards, BBVA, Financial, Global Finance magazine, INNOVATION, investment, Joseph D. Giarraputo, Outstanding Performance, sustainability, World's Best Corporate Bank 2024
(IN BRIEF) BASF SE reported its Q2 2024 results, showing steady EBITDA despite challenging market conditions. The company’s sales reached €16.1 billion, down from €17.3 billion last year due to lower prices and currency effects. EBITDA before special items remained … Read the full press release
Posted in Business, Chemicals, Economy, Financial, Germany, Industrial, Investment, Management, News
Tagged BASF, Financial, investment
(IN BRIEF) Eni reported strong growth and strategic progress in Q2 2024, achieving an adjusted net profit of €1.5 billion. Key achievements include a 6% year-on-year increase in oil and gas production, significant portfolio upgrades, and advancements in transition businesses … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Italy, Management, News
Tagged Claudio Descalzi, Eni, Financial, Giuseppe Zafarana, investment
(IN BRIEF) International technology group ANDRITZ reported a stable performance in the first half of 2024 despite challenging economic conditions. Revenue decreased slightly by 3.0% to €3,986.6 million, while order intake dropped by 18.4% to €3,845.4 million due to fewer … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, economic, Financial, investment, Joachim Schönbeck
(IN BRIEF) TAKKT has strengthened its resilience in the first half of 2024 by increasing its gross profit margin to 40.5% and streamlining cost structures, resulting in a slight increase in free cash flow to €25.6 million. Despite a 17.7% … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Retail
Tagged Andreas Weishaar, economy, Financial, investment, Maria Zesch, resilience, retail, TAKKT
(IN BRIEF) In Q2 2024, Vossloh Group demonstrated strong performance with an 11.7% increase in orders received, totaling €769.6 million, and maintained stable EBIT at €49.5 million, slightly above last year’s €49.3 million. Despite a 6.6% decline in sales revenues … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, News, Technology
Tagged Financial, investment, Oliver Schuster, Vossloh Group
(IN BRIEF) Stora Enso reported a slight decrease in Q2 2024 sales but saw significant improvements in adjusted EBIT and cash flow. Key highlights include successful value creation and profit improvement programmes, a major investment in the Oulu mill, and … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, News
Tagged Financial, Hans Sohlström, investment, Stora Enso
(IN BRIEF) SIX and Avaloq have jointly launched the Independent Valuation Service for financial instruments, addressing the global need for impartial end-of-day valuations. This service, accessible via the CONNEXOR API, supports asset managers, custodians, and financial institutions in client reporting, … Read the full press release
(IN BRIEF) Global IPO activity in the first half of 2024 saw a decline, with 551 listings raising US$52.2 billion, marking a 12% decrease in volume and a 16% drop in proceeds year-on-year. While industrials led in number of IPOs … Read the full press release
Posted in Business, Economy, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged Americas, Asia-Pacific, EMEIA, EY, Financial, George Chan, Global IPO, investment
(IN BRIEF) BAE Systems has reached a significant milestone by donating £1 million to the Royal Navy and Royal Marines Charity (RNRMC) since its establishment in 2007. The RNRMC supports personnel from the Royal Navy, Royal Marines, and Royal Fleet … Read the full press release
Posted in Business, Defence, Financial, Government, Industrial, Investment, Management, News, Non Profit, Security & Safety, Technology, Transportation & Logistics, United Kingdom
Tagged Andrew Jameson, BAE Systems, donation, Financial, Glynn Phillips, partnership, Royal Navy and Royal Marines Charity (RNRMC)
(IN BRIEF) The UK economy is expected to receive a significant boost as fans spend an additional £233 million during the European Championships and Paris Olympics this summer. Experian Economics highlights increased spending in pubs, bars, supermarkets, and on electronics … Read the full press release
Posted in Business, Economy, Entertainment, Financial, Government, Industrial, Investment, Ireland, Management, Media, News, Retail, United Kingdom
Tagged European Championships, Experian, Financial, investment, Mohammed Chaudhri, Paris Olympics, UK economy
(IN BRIEF) A new study reveals that diabetes cost the UK nearly £14 billion in 2021/22, with over £10 billion in direct NHS costs. Complications from diabetes account for the largest share of these costs. Despite advancements in management technologies, … Read the full press release
Posted in Business, Education, Financial, Government, Healthcare, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged Colette Marshall, Diabetes, Diabetes UK, Financial, investment, Nick Hex, Prevention and Care, University of York, wellness
(IN BRIEF) SIX, a leading global financial information provider, has unveiled a new series of global equity indices designed specifically for retail, private banking, and asset management sectors. These indices aim to simplify access to comprehensive equity investment views and … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Switzerland
Tagged Dr. Christian Bahr, Financial, Insights and Operations, SIX, Tailored Global Equity Indices
(IN BRIEF) Cargotec Corporation’s demerger plan, approved on February 1, 2024, is set to split its Kalmar business area into a new entity, Kalmar Corporation. Shareholders will receive demerger consideration in the form of new shares in Kalmar. Cargotec has … Read the full press release
Posted in Business, Environment, Financial, Finland, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Cargotec, demerger, Financial, investment, Kalmar, partnership, sustainability
(IN BRIEF) Hamburg-based renewable energy operator Encavis AG (listed on the MDAX) recently concluded its Annual General Meeting (AGM) by resolving to retain its entire consolidated earnings, bolstering the company’s internal resources to propel accelerated growth. The decision reflects Encavis … Read the full press release
(IN BRIEF) Shell plc’s Board unveiled today the equivalent dividend payments for the first quarter 2024 interim dividend, originally announced on May 2, 2024, at US$0.344 per ordinary share. Shareholders were granted the option to receive dividends in US dollars, … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Financial, investment, Shell
(IN BRIEF) Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) has disclosed the updated number of shares and votes as of May 31, 2024, with a total of 3,348,251,735 shares, including 261,755,983 A shares and 3,086,495,752 B shares. The total votes amount to … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Sweden, Technology, Telecom
Tagged Financial, investment, Shares buyback, Telefonaktiebolaget LM Ericsson
(IN BRIEF) Fugro has successfully concluded its share repurchase programme, initiated on 20 March 2024, aimed at meeting obligations under its employee share programmes. During the period from 29 May to 30 May, the company repurchased 87,322 shares at an … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, Fugro, investment, share buyback programme
(IN BRIEF) Neste has released its annual Green Finance Report for 2023, showcasing its dedication to combatting climate change and advancing toward a circular economy. In 2023, Neste achieved significant milestones in its sustainable funding journey, including the establishment of … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Industrial, Investment, Management, News
Tagged Financial, Hanna Maula, investment, Martti Ala-Härkönen, Neste, sustainability
(IN BRIEF) Heidelberg Materials unveils a Green Finance Framework aimed at supporting the ongoing transformation and decarbonisation of the building materials sector. Aligned with leading market practices and standards, the framework facilitates the issuance of Green Bonds to finance sustainable … Read the full press release
Posted in Business, Construction, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged Dr Nicola Kimm, Financial, Heidelberg Materials, investments, René Aldach, sustainability
(IN BRIEF) EQT celebrates the successful final close of the BPEA EQT Mid-Market Growth Partnership (MMG Fund) at USD 1.6 billion, exceeding its original target of USD 750 million. This achievement underscores the growing interest in Asia’s mid-market segment and … Read the full press release
Posted in Economy, Environment, Financial, Industrial, Investment, Management, News, Sweden
Tagged EQT, Financial, investment, Jean Salata, Mid-Market Growth (MMG Fund), Nicholas Macksey, partnership, sustainability
(IN BRIEF) Swiss Re Institute predicts a significant upswing in profitability for the life insurance industry as global interest rates climb, with an estimated additional USD 1.5 trillion in global life savings premiums projected over the next decade. Higher interest … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Financial, investment, Jerome Jean Haegeli, Life Insurance Profits, Paul Murray, Swiss Re
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