(IN BRIEF) Moody’s, the international rating agency, has upgraded TAG Immobilien AG’s long-term credit rating to ‘investment grade, Baa3, outlook stable,’ citing the company’s robust operational performance and disciplined financial strategy amidst challenging market conditions driven by escalating interest rates. … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Financial, investment, Martin Thiel, Moody, TAG Immobilien AG
(IN BRIEF) Equinor ASA announced an ordinary cash dividend of USD 0.35 per share and an extraordinary cash dividend of USD 0.35 per share for the fourth quarter of 2023. The NOK cash dividend per share is calculated based on … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Norway
Tagged Equinor, Financial, investment
(IN BRIEF) Stellantis N.V. announced the commencement of the second tranche of its Share Buyback Program, covering up to €1 billion of the total €3 billion program, starting from May 23, 2024, until August 30, 2024. Under this agreement, Stellantis … Read the full press release
Posted in Automotive, Business, Economy, Financial, Industrial, Investment, Management, Netherlands, News, Technology
Tagged Financial, investment, Share Buyback Program, Stellantis
(IN BRIEF) Experian and alternative lender TRIVER have collaborated to expedite the SME lending process, offering rapid access to short-term capital for businesses. TRIVER, aiming to revolutionize SME lending, utilizes Experian’s suite of data solutions to enable an end-to-end automated … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Fund for Southeast Europe (EFSE) have joined forces to provide a financing package of up to US$ 10 million (€ 9.24 million) to AccessBank in Azerbaijan. This … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged AccessBank, Azerbaijan, Davit Tsiklauri, EBRD, EFSE, Financial, George Orlov, MSME, Oxana Binzaru, partnership, sustainability
(IN BRIEF) Despite facing widespread cost pressures, the UK economy showcased resilience in April, with eight out of 14 sectors experiencing output growth and seven reporting increased demand, according to the latest Lloyds Bank UK Sector Tracker. While one sector … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Financial, investment, Lloyds Bank, Nikesh Sawjani, Scott Barton, sustainability, UK Sectors
(IN BRIEF) At the Annual General Meeting in Frankfurt am Main, shareholders of Fresenius SE & Co. KGaA overwhelmingly approved proposals from the General Partner and the Supervisory Board. Chairman of the Supervisory Board, Wolfgang Kirsch, commended Fresenius’ resilience amidst … Read the full press release
Posted in Business, Financial, Germany, Healthcare, Industrial, Investment, Management, News, Science, Technology
Tagged #FutureFresenius Agenda, AGM, Financial, Fresenius, investment, Michael Sen, Wolfgang Kirsch
(IN BRIEF) HENSOLDT AG’s Annual General Meeting, held at the Wappenhalle in Munich, witnessed significant shareholder representation with 78.36% of share capital present. All agenda items received strong endorsement, including the approval of a dividend distribution of EUR 0.40 per … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged Financial, Giuseppe Panizzardi, HENSOLDT AG, investment
(IN BRIEF) AXA has disclosed its AXA Group Solvency and Financial Condition Report (Group SFCR) for the fiscal period ending December 31, 2023, adhering to the directives of Directive 2009/138/EC and Delegated Regulation (EU) 2015/35, collectively known as Solvency II … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Industrial, Insurance, Investment, Management, News
Tagged AXA, Financial, investment
(IN BRIEF) Saxo celebrates a significant achievement, surpassing DKK 800 billion in client assets, marking a remarkable milestone in its 25-year journey. While rooted in Danish currency, this achievement is a testament to Saxo’s global expansion and the trust it … Read the full press release
Posted in Banks, Business, Denmark, Economy, Financial, Industrial, Investment, Management, News
Tagged Financial, investment, Kim Fournais, Saxo Bank
(IN BRIEF) ABN AMRO’s French private bank branch, Neuflize OBC, has initiated exclusive negotiations with BNP Paribas Cardif to forge a strategic partnership in life insurance in France. This collaboration involves the sale of Neuflize Vie, a joint venture between … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Government, Industrial, Insurance, Investment, Management, Netherlands, News, United Kingdom
Tagged ABN Amro, BNP Paribas Cardif, Financial, France, insurance, investment, Neuflize OBC, partnership
(IN BRIEF) BKW, a Swiss energy company, has announced the agreement of a new unsecured, committed revolving credit facility amounting to CHF 1 billion, effectively refinancing its previous syndicated loans of CHF 2 billion ahead of schedule. The decision follows … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland
Tagged BKW, Financial, investment, Martin Zwyssig
(IN BRIEF) Telefónica’s investment arm, Íope Ventures, joins a funding round for Wenalyze, an open data analytics platform targeting the banking and insurance sectors. Led by Athos Capital, the investment round has already secured over €1 million, with participation from … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Spain, Technology, Telecom
Tagged Augusto Pérez Arbizu, Carlos Albo, Financial, fintech, Insurtech Solutions, investment, Íope Ventures, partnership, Telefonica, Wenalyze
(IN BRIEF) Deutsche Telekom’s upward trajectory continues as it announces a successful start to 2024. The telecom giant witnessed a 1.6 percent organic increase in net revenue, reaching €27.9 billion, with service revenues soaring by 4.1 percent to €23.5 billion. … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged Andreas Fuchs, Deutsche Telekom, Financial, investment, Tim Höttges
(IN BRIEF) Siemens AG showcased a robust second-quarter performance, with revenue holding steady at €19.2 billion and orders reaching €20.5 billion, marking a 12 percent decline from the previous year. The company’s industrial software business exhibited strong growth, particularly in … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, Ralf P. Thomas, Roland Busch, Siemens
(IN BRIEF) The highly anticipated Eras Tour by Taylor Swift is poised to inject a staggering £997 million into the UK economy, according to new data from Barclays. Swifties attending the tour are expected to spend an average of £848 … Read the full press release
Posted in Banks, Business, Economy, Entertainment, Financial, Industrial, Investment, Management, Marketing, Media, News, United Kingdom
Tagged Barclays, Dr Peter Brooks, economic, entertainment, Eras Tour, Financial, Taylor Swift, Tom Corbett, UK
(IN BRIEF) Vienna Insurance Group (VIG) reinforces its sustainability commitments by expanding its sustainability declarations in investment and underwriting and establishing its own “Group Sustainability Office” as part of the ongoing VIG 25 sustainability programme. The updated declarations outline stringent … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News
Tagged Declarations, Financial, HARTWIG LÖGER, investment, sustainability, Sustainability Office, Vienna Insurance Group
(IN BRIEF) Standard Chartered has achieved a significant milestone by successfully conducting Euro-denominated cross-border transactions between Hong Kong and Singapore through Partior, the global unified ledger market infrastructure. As the first Euro settlement bank to go live on Partior, Standard … Read the full press release
(IN BRIEF) REN, Redes Energéticas Nacionais, has revealed its Strategic Plan for 2024–2027, emphasizing its dedication to facilitating the Energy Transition while maintaining financial stability and operational excellence. The plan outlines ambitious sustainability goals, including significant reductions in emissions and … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Portugal
Tagged energy transition, Financial, investment, REN, sustainability
(IN BRIEF) The latest Regional PMI® survey data from NatWest reveals continued growth in business activity across most UK nations and regions in April, with London leading the expansion. Despite this positive trend, employment remains mixed, with only half of … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Employment Challenges, Financial, investment, NatWest, Sebastian Burnside, UK Regional Business Activity
(IN BRIEF) British Gas has introduced a pioneering ‘You Pay: We Pay’ scheme, dedicating £15 million to assist customers struggling with fuel poverty by matching their energy payments over a six-month period. This initiative, launching in June, proactively identifies and … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged 'You Pay: We Pay', British Gas, Centrica, Chris O’Shea, Financial, fuel poverty, Richard Lane
(IN BRIEF) In the first quarter of 2024, Salzgitter AG reported a downturn in performance due to a sluggish economy, particularly affecting its steel-related sectors in Germany. The company achieved an EBITDA of €126.4 million and a pre-tax profit of … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, Metals and Minerals, News
Tagged Birgit Potrafki, economic, Financial, Gunnar Groebler, investment, Salzgitter AG
(IN BRIEF) Barclays is actively financing the transition of the energy sector by implementing strict policies and reducing financed emissions by 44% in the Energy sector and 26% in the Power sector from 2020 to 2023. Despite facing criticism for … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Barclays, Financial, fossil fuel, investments, partnership, sustainability
(IN BRIEF) The European Investment Bank (EIB) has released a report by the Vienna Initiative working group, titled “Greening the financial sector: A Central, Eastern and South-Eastern European perspective.” The report underscores the pivotal role of the financial sector in … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Ambroise Fayolle, Austria, CESEE, Debora Revoltella, EIB, Financial, green transition, partnership, SMEs, sustainability
(IN BRIEF) Georg Stamatelopoulos, the new CEO of EnBW, reflected on the company’s strong financial results for 2023 and affirmed the guidance for 2024 during the Annual General Meeting held virtually from Stuttgart. EnBW, which plans to invest about €40 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged Andreas Schell, EnBW, Financial, Georg Stamatelopoulos, investment, Peter Heydecker
(IN BRIEF) Outokumpu, in a robust advancement of its strategic plan, has increased its EBITDA run-rate improvement target by €150 million to €350 million, aiming to bolster its competitiveness in the stainless steel industry. Achieving its initial target ahead of … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, Heikki Malinen, investment, Outokumpu
(IN BRIEF) Standard Chartered Bank has successfully raised more than USD 1 billion through its suite of Signature CIO Funds, launched in late 2022. These multi-asset solutions, including Conservative, Income, Balanced, and Growth Funds, cater to varying client risk and … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged CIO Funds, Financial, investment, Samir Subberwal, Standard Chartered
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and medium-sized businesses in Uzbekistan by providing a financial package of up to US$ 20 million to Ipak Yuli Bank. This includes a US$ 10 million … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Retail, Small Business, United Kingdom
Tagged EBRD, Financial, Ipak Yuli Bank, partnership, small business, sustainability, Uzbekistan, Youth Entrepreneurship
(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core business, yielding total proceeds of nearly EUR 11 million with full realization of variable purchase price components. The sale includes Kapsch TrafficCom’s stake in Traffic … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Financial, Georg Kapsch, investment, Kapsch TrafficCom AG
(IN BRIEF) Ørsted’s interim report for the first quarter of 2024 reveals operating profit in line with expectations, with a notable 18% increase in offshore site earnings, attributed to factors such as higher wind speeds and successful project completions. The … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Financial, investment, Mads Nipper, offshore wind projects, Ørsted
(IN BRIEF) ING Group has announced a share buyback programme, aiming to repurchase ordinary shares of ING Groep N.V. for a maximum total amount of €2.5 billion. The purpose of this programme is to converge their Common Equity Tier 1 … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, ING, investment, share buyback
(IN BRIEF) The latest EY CEO Outlook Pulse survey reveals a nuanced perspective among CEOs, with two-thirds expressing optimism for revenue and profit growth despite economic challenges. Prioritizing investments in technology, data management, and cybersecurity reflects a strategic pivot towards … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Technology, United Kingdom
Tagged Andrea Guerzoni, CEOs, economy, EY CEO Pulse Survey, Financial, investment, investors, sustainability
(IN BRIEF) MTU Aero Engines AG announced positive financial results for the first quarter of 2024, with adjusted revenue reaching €1.67 billion, marking an 8% increase compared to the same period in 2023. Despite facing challenges in the Geared Turbofan™ … Read the full press release
Posted in Aviation & Aerospace, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged Financial, investment, Lars Wagner, MTU Aero Engines, Peter Kameritsch
(IN BRIEF) Vonovia SE, based in Bochum, Germany, began the year with robust operating results, marking a positive start to 2024. The company’s core segment, Rental, saw a notable increase in its EBITDA contribution, reaching €592.9 million during the first … Read the full press release
Posted in Business, Economy, Environment, Financial, Germany, Industrial, Investment, Management, News, Real Estate
Tagged Financial, investment, Philip Grosse, Rolf Buch, sustainability, Vonovia SE
(IN BRIEF) Ahold Delhaize, a major retail company, has repurchased 1,238,807 of its common shares between April 22, 2024, and April 26, 2024, as part of its ongoing €1 billion share buyback program announced in November 2023. The shares were … Read the full press release
Posted in Business, Economy, Financial, Food & Beverage, Industrial, Investment, Management, Netherlands, News, Retail
Tagged Ahold Delhaize, Financial, investment, Shares Buyback Program
(IN BRIEF) Euronext, the leading pan-European market infrastructure, celebrates a significant milestone as S&P upgrades its rating from ‘BBB+, Stable Outlook’ to ‘BBB+, Positive Outlook’. This decision reflects Euronext’s successful integration of the Borsa Italiana Group, expansion of Euronext Clearing, … Read the full press release
Posted in Belgium, Business, Economy, Financial, France, Government, Industrial, International Trade, Investment, Ireland, Italy, Management, Netherlands, News, Norway, Portugal
Tagged BBB, Euronext, Financial, investment, S&P Rating Upgrade, Stéphane Boujnah
(IN BRIEF) FUCHS SE has begun the financial year 2024 with positive results, despite a 6% decrease in sales revenues to EUR 877 million, attributed to price adjustments and negative currency effects. However, the company saw a 4% increase in … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News
Tagged Financial, FUCHS SE, investment, Stefan Fuchs, sustainability
(IN BRIEF) EVBox, a global leader in electric vehicle (EV) charging solutions, has unveiled its Impact Report 2023, showcasing the company’s dedication to sustainability and responsible business practices. The report highlights EVBox’s progress throughout 2023, emphasizing its commitment to environmental, … Read the full press release
Posted in Automotive, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Transportation & Logistics
Tagged EVBox, Financial, investment, Remco Samuels, sustainability
(IN BRIEF) Vattenfall’s financial report for January-March 2024 highlights a 21% decrease in net sales, offset by a 45% increase in underlying operating profit and a 27% increase in operating profit. Profit for the period surged by 43%, indicating robust … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Sweden
Tagged Andreas Regnell, Anna Borg, Financial, investment, Kerstin Ahlfont, renewable energy, Vattenfall
(IN BRIEF) Eurex, on April 29, 2024, introduced a new Green Bond Basket within its GC Pooling segment, aimed at enhancing liquidity and efficiency in the European repo market for green bonds. This addition expands upon the existing three Green … Read the full press release
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
