Tag Archives: Financial

Glencore Reports 2023 Q3 Production: Adjusts Nickel and Ferrochrome Forecasts Amidst Challenges

(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

AXA’s Future Risks Report 2023 Warns of a World in Simultaneous Crisis Mode

(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

Schneider Electric’s Sustainability Program Gains Momentum with Local Initiatives and Global Recognition

(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

FTSE Russell and Tradeweb Forge Strategic Alliance to Elevate Fixed Income Index Pricing and Trading

(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

MAN Truck & Bus Achieves Strong Sales Growth and Profitability in First Nine Months of 2023

(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

SSAB Launches SEK 2.5 Billion (EUR 212.5 Million) Share Buyback Program to Optimize Capital Structure

(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

Norsk Hydro ASA Reports Share Buyback Program Transactions Totaling NOK 312.8 Million (~ EUR 26.5 Million)

(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

Linde Declares Quarterly Dividend and Approves $15 Billion Share Repurchase 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

BioNTech to Announce Q3 2023 Financial Results and Host Innovation Series

(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

Eurex Expands Cryptocurrency Offerings with Options on FTSE Bitcoin Index Futures

(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

CapMan Announces Date for 1–9 2023 Interim Report Release and Webcast Presentation

(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

Ericsson Tops Juniper Research’s Rankings as the Leading Digital Wallet Platform Provider

(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

AXA Adopts New Accounting Standards for 9M22 Activity Indicators Reporting

(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

Sandoz Group Lists Shares on SIX Swiss Exchange with CHF 10.3 Billion Market Capitalization

(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

ING Completes Over 100% of €1.5 Billion Share Buyback Program

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

(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

BBVA Launches €1 Billion Share Buyback Program, Strengthening Commitment to Shareholder Distributions

(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

ING Repurchases Over 6 Million Shares in Latest Phase of €1.5 Billion Share Buyback Program

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

(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

Fincantieri Secures EUR 800 Million Financing Agreement with SACE Guarantees

(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

MSCI Upgrades UniCredit’s ESG Rating to ‘AA’ for Strong Social Responsibility Practices

(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

Global Real Estate Valued at $379.7 Trillion in 2022, Surpassing Equities and Debt Securities Combined, Reports Savills

(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