capital-and-liquidity
Top StoriesJapan’s Smfg Expects More Than $7.65 Billion Net Profit in Fy 2025
Top StoriesIndia’s Former PM Manmohan Singh Dies Aged 92
FinanceBritain’s Thames Water Seeks Debt Lifeline Approval in High Court
Top StoriesECB Imposes Extra Capital Charge on 13 Banks Over Leverage Risk
Holcim Completes $1.1 Billion Share Buyback
Date: December 16, 2024
ZURICH (Reuters) – Holcim has completed its 1 billion Swiss franc ($1.12 billion) share buyback, purchasing 2.1% of its share capital, the Swiss building materials company said on Monday. The 12.25 million shares in the scheme will be canceled, subject to shareholders’ approval next year, reducing the amount of outstanding shares to 566,875,513. ($1 =...
Volkwagen’s German Plants Must Get More Efficient, CFO Says
Date: December 5, 2024
By Victoria Waldersee BERLIN (Reuters) -Volkswagen’s finance chief said on Thursday its labour force would need to shrink if its German factories did not become more efficient and that the group’s dividends would fall in line with earnings. “Today, our German plants are not competitive. Without improving their efficiency and performance, we cannot maintain current...
Germany’s Uniper Raises 2024 Outlook After Disputes Settlement
Date: November 28, 2024
(Reuters) -German state-owned utility Uniper raised its full year 2024 adjusted EBITDA outlook on Wednesday to a range of 2.5 billion euros ($2.64 billion) to 2.8 billion euros due to the settlement of legal disputes. Settling the legal disputes will release funds that were set aside for this purpose, which will show in the fourth-quarter...
Aston Martin Raises New Capital, Warns on Profit; Shares at Two-Year Low
Date: November 27, 2024
By Yadarisa Shabong and Shashwat Awasthi (Reuters) -Shares in Aston Martin fell as much as 9% to a more than two-year low on Wednesday after the British luxury carmaker warned that annual profit could fall as much as 11% on delivery delays and said it would raise new capital. The equity raise of about 111...
Thyssenkrupp: Expert Opinion Gives Positive View for Steel Business
Date: November 25, 2024
DUESSELDORF, Germany (Reuters) -An expert opinion on the financial needs of Thyssenkrupp’s crisis-hit steel division has given a positive view on its ability to continue as a going concern, the parent company said on Sunday. Thyssenkrupp said in a written response to a Reuters query that on the basis of the report, the parent company...
UniCredit Set to Free up Capital With Potential Srt Deal, Bloomberg News Reports
Date: November 9, 2024
(Reuters) – UniCredit is selling a significant risk transfer (SRT) linked to a 1.5 billion euro ($1.62 billion) credit portfolio to free up capital, Bloomberg News reported on Friday. The Italian lender is marketing an SRT worth 144 million euros which is linked to domestic residential mortgages, the report said, citing people familiar with the...