Tag Archives: Financial

Business Finland Director General Emphasizes Importance of Collaboration in RDI Chain

(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

Danmarks Nationalbank Joins Eurex’s Cleared Repo Markets

(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

UniCredit Plans €2.5 Billion Share Buy-Back as Part of 2023 Distribution Strategy

(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

ING Completes Share Buyback Program by Repurchasing 2.3 Million Shares

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

(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

Eurex’s STIR Partnership Program Attracts 18 Global Participants for Euro STIR Derivatives Expansion

(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

Coface Survey Reveals German Companies’ Payment Trends and Pessimistic Business Outlook

(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

Seadrill Launches $250 Million Share Repurchase Program

(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

Neste’s Q3 Outlook Brightens as Oil Products Margin Surges; Equipment Inspection Slows Singapore Refinery Expansion

(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

BBVA Launches $750 Million Contingent Convertible Bond in U.S. Markets

(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

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