Tag Archives: Financial

ING Repurchases 3,282,664 Shares in Ongoing €2.5 Billion Buyback Program

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

(IN BRIEF) ING has repurchased 3.28 million shares between September 9 and 13, 2024, as part of its €2.5 billion share buyback programme, at an average price of €16.20 per share, totaling €53.17 million. To date, ING has repurchased 134.31 … Read the full press release

Ahold Delhaize Repurchased 250,000 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize repurchased 250,000 shares between September 9 and 13, 2024, at an average price of €30.97 per share, totaling €7.7 million. This is part of their €1 billion share buyback program, with 26.49 million shares repurchased so … Read the full press release

Crédit Agricole Assurances Joins Scope Group to Boost European Financial Sovereignty

(IN BRIEF) Crédit Agricole Assurances has invested in Scope Group, joining other major French financial institutions like AXA and BPCE in supporting Europe’s only independent rating agency accepted by the European Central Bank. This investment is part of broader efforts … Read the full press release

Ahold Delhaize Repurchased 250,000 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize repurchased 250,000 shares between September 2 and September 6, 2024, at an average price of €31.22 per share, totaling €7.8 million. This is part of the company’s €1 billion share buyback program, which has repurchased a … Read the full press release

Shell Confirms Euro and GBP Dividend Payments for Q2 2024, Set for September Distribution

(IN BRIEF) Shell plc has announced the euro and pounds sterling equivalent dividend payments for its second quarter 2024 interim dividend of $0.344 per ordinary share. Shareholders who opted for euros or pounds sterling will receive €0.3102 or 26.15p per … Read the full press release

Airbus Launches Share Buyback Program to Support Employee Ownership and Compensation Plans

(IN BRIEF) Airbus SE has launched a share buyback program to acquire up to 4,254,000 shares by 31 March 2025, with the first phase targeting 2,127,000 shares by 31 October 2024. This buyback aims to support future employee share ownership … Read the full press release

Basilea Pharmaceutica Reaches Milestone with Strong European Sales of Cresemba®

(IN BRIEF) Basilea Pharmaceutica Ltd announced that its antifungal drug, Cresemba® (isavuconazole), achieved significant sales in Europe, triggering a USD 25 million milestone payment from partner Pfizer. This achievement highlights Cresemba’s strong performance in treating severe fungal infections. The milestone … Read the full press release

Logicor Reports Strong Half-Year Results, Emphasizes Growth and Sustainability Initiatives

(IN BRIEF) Logicor, a major player in European logistics real estate, reported strong financial results for the first half of 2024. The company saw a 2.6% increase in Net Operating Income (NOI) to €357 million and a 3.2% rise in … Read the full press release

European Investment Bank Reaches Milestone with Over EUR 100 Billion in Sustainability Funding Through New Climate Awareness Bond

(IN BRIEF) The European Investment Bank (EIB) has achieved a major milestone by surpassing EUR 100 billion in sustainability funding through its Climate and Sustainability Awareness Bonds (CABs and SABs). This achievement was marked by the issuance of a heavily … Read the full press release

Achmea Restructures Syntrus Achmea for Strategic Growth in Mortgages and Real Estate

(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

Ahold Delhaize Repurchased 250,000 Shares as Part of €1 Billion Buyback Program

(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

Metso Begins Talks on Temporary Layoffs Amid Low Demand in Aggregates Business

(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

Mobile Payments Overtake Debit Cards and Cash as Top Payment Method in Switzerland, According to ZHAW and University of St.Gallen Report

(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

EY and Databricks Earn Top Financial Services Partner Award for Second Year Running

(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

EQT AB Advances Share Buyback Strategy with Significant Repurchases, Strengthens Shareholder Value

(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

Lindsay Goldberg Acquires Majority Stake in Golden State Foods, Strengthening Strategic Growth

(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

ENGIE Achieves Financial Close on 250 MW Goorambat East Solar Farm, Paving the Way for Major Renewable Energy Expansion in Victoria

(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

E.ON Reaffirms 2024 Financial Targets with €4.9 Billion EBITDA, Boosts Energy Transition Investments

(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

Moody’s Reaffirms Outokumpu’s Ba2 Rating, Acknowledges Industry-Leading Financial Strength

(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

CANCOM Group Reports 29.1% Revenue Growth in H1 2024, Driven by International Expansion

(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