Tag Archives: Financial

ING Group’s Prudential Capital Requirements Reduced for 2024

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

(IN BRIEF) ING Group has received notification from the European Central Bank regarding the 2023 Supervisory Review and Evaluation Process (SREP), which has resulted in a decision on ING’s prudential requirements, including capital requirements for the year 2024. As a … Read the full press release

Eni Secures €3 Billion Sustainability-Linked Revolving Credit Line

(IN BRIEF) Eni, the energy company, has signed a Sustainability-Linked revolving credit line for a duration of five years, amounting to €3 billion. This credit facility is tied to two sustainability targets outlined in Eni’s Sustainability-Linked Financing Framework, which was … Read the full press release

New Study Highlights Soaring Consumer Debt Levels in UK Households

(IN BRIEF) A recent survey conducted by the University of Bristol on behalf of the abrdn Financial Fairness Trust has revealed alarming levels of consumer debt in the majority of UK households. The study found that nearly two-thirds of households … Read the full press release

Kapsch TrafficCom AG Reports Voting Rights and Share Capital Changes Following Capital Increase

(IN BRIEF) Kapsch TrafficCom AG, in accordance with the Austrian Stock Exchange Act, has disclosed that as of the end of November 2023, the total number of voting rights stands at 14,300,000, matching the company’s share capital of EUR 14,300,000.00. … Read the full press release

SEB’s Investment Outlook: Navigating Late-Cyclical Phase with Caution and Opportunities

(IN BRIEF) SEB’s Investment Outlook for the current economic situation suggests that a soft landing may be on the horizon, characterized by both a cyclical slowdown and ongoing efforts to combat inflation through tight monetary policies. While late-cyclical phases typically … Read the full press release

ING Repurchases Over 23 Million Shares as Part of €2.5 Billion Buyback Program

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

(IN BRIEF) ING has announced that, as part of its €2.5 billion share buyback program introduced on November 2, 2023, the company repurchased a total of 23,143,452 shares during the week of November 20 to November 24, 2023. These shares … Read the full press release

Swedbank Robur Launches Two Climate-Focused Funds to Finance Sustainable Projects

(IN BRIEF) Swedbank Robur has expanded its climate strategy by introducing two new funds, Climate Bond and Climate Bond High Yield, which will finance projects and company operations aligned with the UN’s climate goals. These funds are classified as Article … Read the full press release

Orange Launches ‘Max it’ Super-App in Africa, Bringing Telecom, Financial, and E-commerce Services to Millions

(IN BRIEF) Orange, a telecommunications company, is introducing its “Max it” super-app in Africa, combining telecommunications, financial services, and e-commerce to serve the daily needs of users. Initially launching in five African countries, Max it simplifies the digital experience by … Read the full press release

Kapsch TrafficCom AG Successfully Completes Placement of 1.3 Million New Shares

(IN BRIEF) Kapsch TrafficCom AG has successfully completed the placement of 1.3 million new shares, representing 10% of its existing share capital. These newly issued shares were divided into 477,217 shares against cash contributions and 822,783 shares against contributions in … Read the full press release

Equinor Announces Second Quarter 2023 Dividend Payouts

(IN BRIEF) Equinor ASA has disclosed the dividend payouts for the second quarter of 2023. The company will distribute an ordinary cash dividend of USD 0.30 per share and an extraordinary cash dividend of USD 0.60 per share. The NOK … Read the full press release

ING Completes €2.5 Billion Share Buyback Program Milestone

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

(IN BRIEF) ING has provided an update on its €2.5 billion share buyback program, announcing that it repurchased 22,842,425 shares during the week of November 13, 2023, through November 17, 2023. These shares were acquired at an average price of … Read the full press release

Kapsch TrafficCom Plans Capital Increase to Strengthen Equity Base

(IN BRIEF) Kapsch TrafficCom AG has announced its decision to pursue a capital increase from authorized capital by issuing up to 1,300,000 new ordinary no-par value bearer shares, representing up to 10% of the existing share capital. This capital increase … Read the full press release

DAAD Secures Increased Funding for 2024 to Foster International Academic Exchange and Support Skilled Labor Initiative

(IN BRIEF) The German Academic Exchange Service (DAAD) has secured additional funding of almost three million euros for the year 2024, exceeding the original draft budget allocation. The budget increase, following final negotiations on the 2024 federal budget, will provide … Read the full press release

FrieslandCampina Secures €496 Million in ESG-Linked Notes for Long-Term Financing

(IN BRIEF) Dutch dairy cooperative FrieslandCampina has successfully secured €496 million (approximately $567 million) in long-term financing through the issuance of ESG-linked notes. The offering received significant interest from investors in Europe and North America. The funds will be used … Read the full press release

DHL Supply Chain Invests €200 Million to Transform Fleet with Greener Alternatives

(IN BRIEF) DHL Supply Chain is taking a significant stride towards environmental sustainability with the launch of its global Green Transport Policy. The policy aims to substantially reduce carbon emissions, particularly from its transportation services, aligning with the company’s Sustainability … Read the full press release

TotalEnergies’ Energy Outlook 2023 Offers Insight into Global Energy Transition

(IN BRIEF) TotalEnergies has released its annual “TotalEnergies Energy Outlook 2023” in preparation for COP28, outlining scenarios for the evolution of global energy demand and the transition to a sustainable energy system by 2050. The report reveals that while the … Read the full press release

RWE Invests €10.3 Billion in Green Initiatives, Grows Portfolio by 5.7 GW

(IN BRIEF) RWE, a leading energy company, has reported significant investments of €10.3 billion in its “Growing Green” program during the first nine months of fiscal 2023, marking a substantial increase from the previous year’s €3.1 billion investment. The acquisition … Read the full press release

Economic and Societal Threats Outweigh Environmental and Technological Risks, Says World Economic Forum Survey

(IN BRIEF) A survey conducted by the World Economic Forum, involving over 11,000 business leaders from 110 countries, has revealed that economic and societal threats, such as economic downturns, inflation, and declining social cohesion, are the most significant risks in … Read the full press release

ING Repurchases Nearly 21 Million Shares as Part of €2.5 Billion Buyback Program

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

(IN BRIEF) ING has announced that it repurchased 20,917,201 shares during the week of November 6, 2023, through November 10, 2023, as part of its €2.5 billion share buyback program unveiled on November 2, 2023. The shares were acquired at … Read the full press release

EnBW Reports Strong Earnings Growth and Increased Investment in Energy Transition

(IN BRIEF) EnBW Energie Baden-Württemberg AG has announced its financial results for the first nine months of the 2023 financial year. The company reported revenue of approximately €34.7 billion and Group operating earnings (adjusted EBITDA) of €4.9 billion during this … Read the full press release