Tag Archives: Financial

Henkel’s Q1 Sales Rise Thanks to Strong Organic Growth and Double-Digit Pricing

Henkel: Company is currently not capable to predict with sufficient reliability the impact COVID-19 will have on its business performance in 2020

(IN BRIEF) Henkel, the German consumer goods and adhesives manufacturer, announced a strong start to the year with group sales of approximately €5.6 billion in the first quarter of 2023. The company achieved a very strong organic sales growth of … Read the full press release

STMicroelectronics Repurchases Shares Worth €11.4 Million

(IN BRIEF) STMicroelectronics has announced that it has repurchased 280,175 of its ordinary shares in the period from April 24, 2023 to April 28, 2023, equivalent to 0.03% of its issued share capital, for a total price of €11,415,416.72. The … Read the full press release

ANDRITZ reports strong growth in Q1 2023 despite global economic slowdown

(IN BRIEF) International technology group ANDRITZ has announced significant growth in revenue and operating result, both of which increased by over 20% in the first quarter of 2023 compared to the same period the previous year. The company also reported … Read the full press release

Stora Enso’s new guidance reveals weaker 2023 earnings due to worsening market outlook

(IN BRIEF) Stora Enso, in its financial statement release for 2022, had indicated that its full-year 2023 operational EBIT would be lower than the previous year. However, the company’s new guidance reveals that the 2023 operational EBIT is expected to … Read the full press release

Skanska AB Reports Conversion of Series A Shares to Series B Shares at Shareholders’ Request

(IN BRIEF) Skanska AB, a Swedish construction company, announces that 19,463 of its Series A shares were converted to Series B shares at the request of shareholders. The conversion of shares reduces the total number of votes in the company. … Read the full press release

EnBW receives S&P rating upgrade to stable on solid financial performance

(IN BRIEF) EnBW, the German utility, has had its outlook revised to stable by the rating agency S&P. The credit rating was confirmed at A-. The revision is due to EnBW’s solid financial performance and its commitment to reducing CO2 … Read the full press release

EBRD to Provide up to $150 Million for Kazakhstan’s Green Economy Financing Facility II

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is launching a new financing facility to help Kazakhstan reduce energy consumption and promote the use of renewable energy sources. The EBRD is providing funds of up to $150m to … Read the full press release

Swedfund to invest $5m in Somali SMEs through NHAO fund

(IN BRIEF) Swedish development finance institution Swedfund has committed $5m to the Nordic Horn of Africa Opportunities Fund (NHAO), which invests in small and medium-sized Somali firms. The fund aims to provide financing for companies with around or less than … Read the full press release

NatWest protects customers from cryptocurrency scams with daily and monthly limits

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

(IN BRIEF) NatWest is introducing measures to protect its customers from crypto-criminals after consumers lost £329m last year. NatWest is implementing a daily limit of £1,000 and a 30-day payment limit of £5,000 to cryptocurrency exchanges to prevent customers from … Read the full press release

EIB, Ferrovie dello Stato, CDP and Intesa Sanpaolo to fund €3.4bn Palermo-Catania rail upgrade

(IN BRIEF) Intesa Sanpaolo, a financial intermediary, has been allocated €500 million out of a €1.3 billion counter-guarantee provided by the European Investment Bank (EIB) in favour of financial intermediaries for the modernisation and upgrade of the Palermo-Catania railway line … Read the full press release

UniCredit Bank Austria to Focus on Direct Sales of Securities, Integrates Financing Business of Bank Austria Finanzservice

(IN BRIEF) UniCredit Bank Austria has announced that the financing business of its third-party sales partner, Bank Austria Finanzservice, will be integrated into the bank from 1st April 2023. Bank Austria Finanzservice is the leading broker in Austria’s financing market, … Read the full press release

Eni, ELITE, illimity Bank launch innovative financial tool dedicated to the energy transition

(PRESS RELEASE) SAN DONATO MILANESE, 25-Nov-2021 — /EuropaWire/ — Eni (BIT: ENI), an Italian multinational energy company with focus on innovation, efficiency and accessibility for all, has announced the launch of an innovative financial tool “Basket Bond – Sustainable Energy” … Read the full press release

ING share buyback update: 7,497,567 shares repurchased, 15 – 19 November 2021

(PRESS RELEASE) AMSTERDAM, 23-Nov-2021 — /EuropaWire/ — ING (AMS: INGA), a global financial institution of Dutch origin, has announced it repurchased 7,497,567 shares during the week of 15 November 2021 up to and including 19 November 2021 as part of … Read the full press release

Modernised ANNA Service Bureau (ASB): Key technology and infrastructure enhancements to benefit numbering agencies and ASB clients released today

(PRESS RELEASE) ZURICH, 23-Sep-2021 — /EuropaWire/ — The Association of National Numbering Agencies (ANNA), the membership organisation of national numbering agencies dedicated to the support of efficient capital markets through the use of widely embraced ISO standards, has announced the … Read the full press release

Dave Gledhill named new Group Chief Operating Officer (COO) at Lloyds Banking Group

(PRESS RELEASE) LONDON, 14-Jun-2021 — /EuropaWire/ — British financial institution Lloyds Banking Group plc announces the appointment of David Gledhill as Group Chief Operating Officer. Mr Gledhill will join the Group, subject to regulatory approval, as Group Chief Operating Officer … Read the full press release

HSBC Holdings Plc announces senior management team changes

(PRESS RELEASE) LONDON, 22-Feb-2021 — /EuropaWire/ — British multinational banking and financial services organisation HSBC announces a number of changes to its senior management team. Nuno Matos is confirmed as the CEO of Wealth and Personal Banking with immediate effect. … Read the full press release

The “chart guru” Torsten Slok on his outlook for the coming year at SKAGEN’s New Year’s Conference

(PRESS RELEASE) STAVANGER, Norway, 17-Dec-2020 — /EuropaWire/ — Norwegian fund management company, SKAGEN announces Torsten Slok as one of the speakers at its New Year Conference. Considered one of the world’s foremost banking economists, Torsten Slok will share his outlook … Read the full press release

Leadership changes at ING: Current CEO Ralph Hamers leaves; Steven van Rijswijk will be the new CEO

(PRESS RELEASE) AMSTERDAM, 19-Jun-2020 — /EuropaWire/ — Dutch multinational banking and financial group ING has announced leadership changes. The bank’s Supervisory Board has just appointed Steven van Rijswijk, currently member of the Executive Board and chief risk officer of ING, … Read the full press release

EBRD now owns approximately 8.4 per cent stake in Addiko Bank

(PRESS RELEASE) LONDON, 5-Mar-2020 — /EuropaWire/ — EBRD now owns a stake of approximately 8.4 per cent of Addiko Bank AG. EBRD has swapped its indirect stake in the bank, which it held via a private special purpose vehicle, with … Read the full press release

SEB names its first Global Creative Director

(PRESS RELEASE) STOCKHOLM, Sweden, 9-Jan-2020 — /EuropaWire/ — SEB announces the appointment of Mathias Appelblad as Global Creative Director. The newly created role will help manage the brand’s journey into the future. Mathias, a seasoned creative, has strong credentials in … Read the full press release