Tag Archives: Financial

Outokumpu Oyj repurchased 245,903 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On February 1, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully completed its share buyback program, repurchasing a total of 245,903 of its own shares across various trading venues at an average price of EUR 3.99 per share, … Read the full press release

Skanska AB Reports Conversion of Class A to Class B Shares and Adjusted Total Voting Rights

(IN BRIEF) Skanska AB has announced the conversion of 15,960 Class A shares to Class B shares in accordance with its articles of association. This conversion, mandated by the Swedish Financial Instruments Trading Act, reduces the company’s total voting rights, … Read the full press release

Outokumpu Oyj repurchased 126,817 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On January 30, 2024, Outokumpu announced the successful completion of its share repurchase program, with a total cost of EUR 507,792.07. The program, initiated on November 29, 2023, aimed to repurchase a maximum of 11 million shares with … Read the full press release

UK Businesses Embracing Open Banking Report Significant Time and Cost Savings

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

(IN BRIEF) According to a survey by Payit™ by NatWest, two-thirds of larger UK businesses are familiar with open banking, with users reporting an annual time saving of 150 hours compared to non-users. Business leaders utilizing open banking in their … Read the full press release

European Investment Bank (EIB) Issues EUR 3 Billion 15-Year Bond Amid Strong Demand

(IN BRIEF) The European Investment Bank (EIB) has successfully issued a new EUR 3 billion 15-year EARN bond, set to mature on February 15, 2039. The bond offers an annual coupon of 3% and was priced at 99.072%. With demand … Read the full press release

CEOs Express Confidence in Revenue Growth and M&A Opportunities Amidst Global Economic Challenges

(IN BRIEF) According to the latest EY CEO Outlook Pulse survey, global CEOs are optimistic about their ability to drive revenue growth and profitability in 2024, despite acknowledging the prevailing global economic headwinds. The survey of 1,200 CEOs across 21 … Read the full press release

ING Repurchases Nearly 3.9 Million Shares in Ongoing €2.5 Billion Buyback Program

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

(IN BRIEF) ING has disclosed that it repurchased a total of 3,875,832 shares between January 22 and January 26, 2024, as part of its €2.5 billion share buyback program announced in November 2023. These shares were acquired at an average … Read the full press release

Outokumpu Oyj repurchased 315,800 own shares as part of its share buyback program

(IN BRIEF) On January 29, 2024, Outokumpu has successfully completed the repurchase of its own shares as part of a share buyback program announced on November 29, 2023. The company repurchased a total of 315,800 shares across different trading venues … Read the full press release

INEOS Launches Senior Secured Notes Offering to Raise €2 Billion for Strategic Purposes

(IN BRIEF) INEOS Holdings Limited’s subsidiary, INEOS Finance plc, has initiated an offering of euro and U.S. dollar-denominated senior secured notes due 2029, aiming to raise approximately €2 billion. The proceeds from this financing will serve various purposes, including refinancing … Read the full press release

Wacker Chemie Reports Significant Decline in Sales and Earnings for 2023 Amid Weak Market Conditions

(IN BRIEF) Wacker Chemie AG has announced a substantial year-over-year decline in its 2023 sales and earnings due to a persistently weak market environment. Preliminary figures show the company’s sales dropped by 22 percent to approximately €6.40 billion, primarily attributed … Read the full press release

ABN AMRO Secures €250 Million Financing from EIB to Boost Sustainable Investments for Dutch Businesses

(IN BRIEF) ABN AMRO has successfully secured €250 million in financing from the European Investment Bank (EIB), which will be matched by the bank itself, resulting in a total of €500 million in new loans available to Dutch businesses. This … Read the full press release

Outokumpu Successfully Acquires 266,213 Shares in Share Repurchase Program

(IN BRIEF) On January 26, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 266,213 of its own shares across various trading venues, with a total cost of EUR 1,073,521.31. This initiative, which began following the announcement … Read the full press release

Outokumpu Share Repurchase Program: Secures 34,800 of Its Own Shares

(IN BRIEF) On January 25, 2024, Outokumpu concluded its share repurchases, acquiring its own shares across various trading venues. The total cost amounted to EUR 140,695.46 for a total of 34,800 shares, with weighted average prices per share rounded to … Read the full press release

Outokumpu Successfully Completes Share Repurchase Program, Acquiring 153,195 Total Shares

(IN BRIEF) On January 24, 2024, Outokumpu finalized the repurchase of its own shares, totaling 153,195 shares across various trading venues, with a weighted average price of EUR 3.99 per share and a total cost of EUR 611,483.24. This share … Read the full press release

SEB Tops Prospera’s 2023 Institutional Banking Survey for Third Consecutive Year

(IN BRIEF) In the Prospera Institutional Banking 2023 survey, SEB has once again secured its position as the best bank in the Nordic region for the third consecutive year. The bank ranks first overall, as well as in Sweden and … Read the full press release

Outokumpu Completes Share Repurchase Program, Acquiring 195,429 Shares; Total Treasury Shares Now at 29,493,887

(IN BRIEF) On January 23, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 195,429 of its own shares across different trading venues at weighted average prices ranging from EUR 3.955 to EUR 3.9669 per share, resulting … Read the full press release

Georgia’s Food Alliance Flourishes with EBRD and EU Support

(IN BRIEF) Food Alliance, a Georgian frozen pastry producer, has received support from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) through the EU4Business-EBRD Credit Line in Georgia since 2017. This assistance includes modern equipment, … Read the full press release

Outokumpu’s Share Repurchase Program Nets Over 244,000 Acquired Shares

(IN BRIEF) Outokumpu has successfully concluded its share repurchase program, acquiring a total of 244,303 of its own shares across various trading venues at a weighted average price of EUR 3.99 per share, amounting to a total cost of EUR … Read the full press release

ANDRITZ to Unveil 2024 Growth Strategy at Capital Markets Day in Leipzig

(IN BRIEF) International technology group ANDRITZ is set to unveil its 2024 growth strategy during its Capital Markets Day event on January 24 in Leipzig, Germany. The event will feature presentations by ANDRITZ Executive Board members, providing updates on the … Read the full press release

Altor Raises Largest-Ever Fund at EUR 3 Billion, Focuses on Green Transition Investments

(IN BRIEF) Altor has successfully closed Altor Fund VI at its hard cap of EUR 3 billion, marking the firm’s largest fund to date. With a track record of strong performance, including a 29% gross IRR and 3.0x money multiple … Read the full press release

Bentley Achieves Strong Sales and Surges in Luxury Personalization Despite Challenges in 2023

(IN BRIEF) Bentley Motors, renowned for luxury cars, reported its third-best year in 2023, with global sales reaching 13,560 vehicles, although this represented an 11% decrease from the previous year. The company noted a significant rise in customer interest in … Read the full press release

Societe Generale and IFC Strengthen Partnership to Accelerate Sustainable Finance in Developing Countries

(IN BRIEF) Societe Generale and the International Finance Corporation (IFC), a member of the World Bank Group, have signed a Collaboration Framework Agreement to further their collaboration on sustainable finance initiatives in developing countries, aligning with their shared commitment to … Read the full press release

Outokumpu Successfully Acquires 184,718 Shares in Share Repurchase Program

(IN BRIEF) On January 18, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 184,718 of its own shares across various trading venues at an average price of EUR 4.03 per share. This initiative was part of … Read the full press release

ANDRITZ Expands Environmental and Energy Focus with New Business Area and Financial Reporting Changes

(IN BRIEF) International technology group ANDRITZ has announced the establishment of a new business area called “Environment & Energy” to consolidate its environmental and energy-focused technologies, aiming to better align with the markets it serves. ANDRITZ Environment & Energy offers … Read the full press release

Eurex Expands ESG Derivatives Offering with Socially Responsible Investing Futures

(IN BRIEF) Eurex, Europe’s leading derivatives exchange, is set to introduce futures on Socially Responsible Investing (SRI) indices, broadening its ESG-linked product range in collaboration with index providers STOXX and MSCI. These new derivatives contracts, starting trading on January 22, … Read the full press release

Record-Breaking Year for European Offshore Wind in 2023, With Positive Outlook and Investments

(IN BRIEF) Europe experienced a remarkable year in offshore wind energy in 2023, witnessing a record 4.2 GW of new offshore wind farms coming online, marking a 40% increase from the previous year. Investments of €30 billion were confirmed for … Read the full press release

Outokumpu Completes Share Buyback Program, Acquiring 281,802 Treasury Shares

(IN BRIEF) On January 17, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully concluded its share buyback program, repurchasing a total of 281,802 of its own shares across various trading venues. The company had initiated the program on November 29, … Read the full press release

Norsk Hydro Completes Share Buyback Program, Boosting Equity Stake to 1.53%

(IN BRIEF) Norsk Hydro ASA has successfully concluded its share buyback program, which began on September 22, 2023, and concluded on February 29, 2024. The program resulted in the acquisition of a total of 31,255,117 shares, equivalent to 1.53% of … Read the full press release

Copper Giant Outokumpu Completes Repurchase of 254,118 Shares Worth EUR 1 Million

(IN BRIEF) On January 16, 2024, Outokumpu announced the completion of its share repurchase program, which included the acquisition of 254,118 of its own shares across various trading venues. The weighted average price per share was approximately 4.09 EUR, resulting … Read the full press release

Nordic Investment Bank Issues NZD 600 Million Kauri Bond, Named ‘Kauri Issuer of the Year’

(IN BRIEF) On January 15, the Nordic Investment Bank (NIB) issued a new NZD 600 million Kauri bond, reaffirming its presence in the Kauri Market and receiving recognition as the ‘Kauri Issuer of the Year’ at the KangaNews 2023 awards. … Read the full press release

Aviva Completes £140 Million Bulk Annuity Deal to Secure Member Benefits

(IN BRIEF) Aviva has successfully finalized a £140 million bulk purchase annuity full scheme buy-in transaction with the Trustee of the Guilbert UK Retirement Benefits Plan, sponsored by Office Depot UK Pension Sponsor Limited. This transaction covers around 1,500 members … Read the full press release

SIC5 Launches as Swiss Payment System’s Next Generation, Paving the Way for Instant Payments

(IN BRIEF) SIX and the Swiss National Bank have unveiled SIC5, the new generation of the Swiss payment system, which sets the stage for instant payments, enabling electronic customer payments to be processed 24/7 in a matter of seconds. Over … Read the full press release

ING’s Share Buyback Program: Over 4.4 Million Shares Repurchased

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

(IN BRIEF) ING has reported the completion of its €2.5 billion share buyback program, which was initiated on November 2, 2023. During the week of January 8, 2024, up to January 12, 2024, the company repurchased a total of 4,485,148 … Read the full press release

Outokumpu Completes Share Repurchases, Holding Over 28 Million Treasury Shares

(IN BRIEF) On January 15, 2024, Outokumpu announced the completion of its share repurchase program, where it repurchased its own shares across different trading venues. The total cost of these repurchases amounted to EUR 453,926.84. This program was initiated in … Read the full press release

Business Leaders Optimistic for 2024 Despite Global Headwinds, Focusing on Technology and Sustainability Investments, Finds Capgemini Report

(IN BRIEF) According to the latest report by the Capgemini Research Institute, business leaders are entering 2024 with a heightened sense of optimism compared to the previous year, with 56% expressing confidence in their organization’s future growth despite ongoing global … Read the full press release

Outokumpu Completes Share Repurchase Program, Acquiring Over 144,000 Shares

(IN BRIEF) On January 12, 2024, Outokumpu successfully concluded its share repurchase program, acquiring a total of 144,091 of its own shares from various trading venues at an average price of EUR 4.09 per share, totaling EUR 588,853.23. This buyback … Read the full press release

Outokumpu Completes Share Repurchases, Totaling 223,307 Shares and Nearing Program Limit

(IN BRIEF) On January 11, 2024, Outokumpu announced the successful completion of its share repurchase program, buying back a total of 223,307 of its own shares across various trading venues at a weighted average price of EUR 4.04 per share, … Read the full press release

Eni Acquires Additional Treasury Shares as Part of Its Buyback Program

(IN BRIEF) Eni, an energy company, has reported the acquisition of 4,640,950 treasury shares, equivalent to 0.14% of its share capital, between January 2 and January 5, 2024. The shares were purchased on the Euronext Milan stock exchange at an … Read the full press release

AXA Completes Euro 1.5 Billion Placement of Restricted Tier 1 Notes to Institutional Investors

(IN BRIEF) AXA has successfully placed Euro 1.5 billion of Restricted Tier 1 Notes with institutional investors, meeting Solvency II requirements. The initial fixed interest rate is 6.375% per annum until January 16, 2034, after which it resets every five … Read the full press release

Outokumpu Completes Share Repurchase Program with 189,732 Shares Bought Back

(IN BRIEF) Outokumpu has successfully concluded its share buyback program, which began on November 29, 2023, by repurchasing a total of 189,732 of its own shares across various trading venues. The buyback program, approved by the Board of Directors, had … Read the full press release