Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Posts Tagged ‘companies’

Deal to help companies access diverse sources of fresh capital

Posted by fidest press agency su domenica, 13 dicembre 2020

Economic and Monetary Affairs Committee negotiators struck a deal so that EU companies can attract a diverse range of funding and support the post-COVID-19 recovery.The agreement reached with the Council on targeted adjustments to the Prospectus Regulation should facilitate economic recovery by removing red tape for companies while protecting investors. Negotiators agreed on a temporary regime (until 31 December 2022) for a short form “EU recovery prospectus”, which is a simplified version of the secondary issuance prospectus, so that companies are able to raise the necessary capital to rebuild their business quickly in the wake of the COVID-19 pandemic. Ondřej KOVAŘÍK (Renew, CZ), the lead MEP, said: “I am very happy with the agreement on the Recovery Prospectus proposal. It is the final piece of the puzzle in the Capital Markets Recovery Package. The agreed proposal will cut the cost of drawing up a prospectus for those eligible by up to 50%.The Recovery Prospectus will help SMEs raise money from markets on growth market or secondary issuance at a lower cost. The exemptions that we negotiated will allow banks to raise more money without the need for a prospectus. The final text will help businesses re-capitalise without jeopardising investment protection and transparency for consumers and investors.”Technical work on both texts is now being carried out by the three institutions. Thereafter, the agreement must be approved by the Economic and Monetary Affairs Committee and Parliament as a whole.

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Technology Companies Partner to Accelerate New Remote Homecare Services in Response to COVID-19

Posted by fidest press agency su mercoledì, 11 novembre 2020

Develco Products A/S, a business-to-business wireless technology leader providing state-of-the-art IoT gateways and connected devices headquartered in Aarhus, Denmark, announces a strategic partnership with People Power, a Silicon-Valley based software and services company. Advanced hardware from Develco Products combined with People Power’s software will help deliver today’s most advanced white label homecare services for European and U.S. markets challenged by COVID-19 and chronic diseases including Alzheimer’s and other dementias. Available for service providers to help seniors live more safely and confidently in their homes, companies can quickly launch AI-powered homecare services through their own brands. The combined system has undergone extensive testing and is ready for businesses to strategically approach the rapidly expanding telehomecare market.COVID-19 death rates at long-term care facilities differ widely across European countries, in many cases accounting for more than 50% of all pandemic-related fatalities. Research shows that living in long-term care facilities is a significant risk factor for death from COVID-19. As a result, the number of seniors who want to age safely and comfortably at home has accelerated across Europe. The aging of Europe, characterized by increasing life expectancies in the coming decades, will create an accelerating burden on the economic, health care, and social security of Europe, creating demand for vastly improved remote homecare systems. (sources: voxeu.org, eurosurveillance.org, Eurostad.) Develco Products’ advanced hardware solution combined with People Power’s innovative software work together to help seniors remain safe at home 24/7 with the most comprehensive safety net of alerts and emergency response procedures. The solution is designed for easy installation in the home or apartment of a senior and can be sold to their adult children worried about the safety of parents living alone or with a spouse or partner. It also helps families living together with adult children who are gone during the workday, leaving a senior at home alone. It features a dual-SIM cellular gateway perfect for rural, urban, and underserved seniors challenged with antiquated or unavailable internet connectivity. The system does not require in-home cameras, respecting the privacy of seniors. Homecare offerings can incorporate wireless sensors that alert for occurrences of fire, water leaks, and more.People Power’s unique architecture is centered around AI-powered bots running in the cloud which can be downloaded onto the gateway for added performance, reliability, and security. Continuously learning and updating patterns of activity in the home enables the system to detect deviations that signal potentially troubling situations like falls, failure to get out of bed or return home at expected times, sleep irregularities, and more. In such instances, alerts are triggered to notify family members, caregivers, and the 24/7 emergency call center.For service providers seeking recurring revenues from new businesses, including remote homecare solutions that answer the need for vastly improved aging in place solutions, Develco Products and People Power provide white label offerings for rapid go-to-market initiatives. Beginning with intelligent turn-key deployments of service trials to help companies frame and prove market opportunities, brands can quickly test their unique service differentiation with audiences of any size prior to broad commercialization. The center of the hardware solution is Develco Products’ advanced white label gateway, built upon a modular platform for connecting devices and transferring data reliably and securely. It supports a wide range of communication protocols and is able to quickly scale consumer offerings.The combined solutions that Develco Products and People Power have perfected for homecare are now available for evaluation and commercial deployments in the EU through Develco Products’ sales organization and readied for U.S. market opportunities through People Power’s sales organization.

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COVID-19: Easing rules to encourage banks to lend to companies and households

Posted by fidest press agency su martedì, 23 giugno 2020

Bruxelles. Plenary approved the “quick fix” to the capital requirement regulation (CRR) to temporarily ensure favourable conditions for banks. This will support credit flows to companies and households and absorb losses, mitigating the economic consequences of the COVID-19 lock-down.With a view to striking a balance between a robust and stable banking system and securing much-needed credit for the EU economy, MEPs agreed on specific temporary changes to the CRR, which will have to be coherently applied in the EU.The adopted changes include
Deferred application of the leverage ratio buffer (leverage ratio is a ratio between a bank’s capital and its exposures) by one year to January 2023 to allow banks to increase the amount that they would be able to loan.
Pensioners or employees with a permanent contract will be able to get a loan under more favourable prudential conditions. The loan will be backed by the borrower’s pension or salary.
Advanced application of both the SME and infrastructure supporting factor, which allows for a more favourable prudential treatment of certain exposures, ensuring credit flows to SMEs and supporting investments in infrastructure.
Banks will now be able to treat some software as their own capital, an exemption that will kick in earlier than planned. This could also encourage banks to invest in software and digitalisation.
Liquidity measures provided by central banks in a crisis context will be effectively channelled by banks to the economy.
In order to support funding options in non-euro member states fighting the consequences of the COVID-19 pandemic, the MEPs reintroduced transitional arrangements for exposures to national governments and central banks denominated in a currency of another member state. Finally, taking into account the extraordinary impact of the COVID-19 pandemic and the extreme levels of volatility in the financial markets, MEPs agreed to introduce a temporary prudential filter to calculate unrealised losses on banks’ holdings of public debt.

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ManpowerGroup premiata tra le World’s Most Ethical Companies 2020

Posted by fidest press agency su sabato, 7 marzo 2020

ManpowerGroup è stata riconosciuta per l’undicesimo anno da Ethisphere Institute tra le “World’s Most Ethical Companies 2020”, ovvero una delle aziende più etiche al mondo per gli ottimi risultati in termini di etica e compliance, cultura organizzativa, governance, impegno sociale, leadership e reputazione. Ethisphere Institute è il leader globale che definisce e promuove gli standard per le pratiche etiche di business e premia le aziende che guidano un cambiamento positivo.“La nostra attività si basa sul presupposto che sia necessario creare valore per tutti gli stakeholder e oggi, come settant’anni fa, continuiamo ad impegnarci per raggiungere questo obiettivo”, ha dichiarato Jonas Prising, Presidente e CEO di ManpowerGroup. “Siamo particolarmente orgogliosi di essere stati premiati per la nostra integrità e cultura organizzativa. Ciò testimonia l’impegno di ManpowerGroup, che offre ai clienti le migliori global workforce solutions e opportunità di lavoro ad un numero sempre più alto di persone in tutto il mondo.”“World’s Most Ethical Companies” di Ethisphere premia le organizzazioni di 21 Paesi che operano in 51 diversi settori industriali e che ricoprono un ruolo fondamentale nel guidare e favorire un cambiamento positivo nelle società e nelle comunità imprenditoriali di tutto il mondo.
“Congratulazioni a tutte le persone di ManpowerGroup per aver ottenuto questo riconoscimento”, ha dichiarato il CEO di Ethisphere, Timothy Erblich. “Questo è il momento di riconoscere i leader che contribuiscono a far evolvere la cultura aziendale, caratterizzata dall’integrità e a sostenere le aziende che contribuiscono ai più ampi bisogni sociali e al bene comune”.

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ManpowerGroup premiata tra le World’s Most Ethical Companies 2020

Posted by fidest press agency su giovedì, 5 marzo 2020

ManpowerGroup è stata riconosciuta per l’undicesimo anno da Ethisphere Institute tra le “World’s Most Ethical Companies 2020”, ovvero una delle aziende più etiche al mondo per gli ottimi risultati in termini di etica e compliance, cultura organizzativa, governance, impegno sociale, leadership e reputazione. Ethisphere Institute è il leader globale che definisce e promuove gli standard per le pratiche etiche di business e premia le aziende che guidano un cambiamento positivo.“La nostra attività si basa sul presupposto che sia necessario creare valore per tutti gli stakeholder e oggi, come settant’anni fa, continuiamo ad impegnarci per raggiungere questo obiettivo”, ha dichiarato Jonas Prising, Presidente e CEO di ManpowerGroup. “Siamo particolarmente orgogliosi di essere stati premiati per la nostra integrità e cultura organizzativa. Ciò testimonia l’impegno di ManpowerGroup, che offre ai clienti le migliori global workforce solutions e opportunità di lavoro ad un numero sempre più alto di persone in tutto il mondo.”“World’s Most Ethical Companies” di Ethisphere premia le organizzazioni di 21 Paesi che operano in 51 diversi settori industriali e che ricoprono un ruolo fondamentale nel guidare e favorire un cambiamento positivo nelle società e nelle comunità imprenditoriali di tutto il mondo.
Congratulazioni a tutte le persone di ManpowerGroup per aver ottenuto questo riconoscimento”, ha dichiarato il CEO di Ethisphere, Timothy Erblich. “Questo è il momento di riconoscere i leader che contribuiscono a far evolvere la cultura aziendale, caratterizzata dall’integrità e a sostenere le aziende che contribuiscono ai più ampi bisogni sociali e al bene comune”.

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MetLife Named One of America’s Most Responsible Companies

Posted by fidest press agency su domenica, 15 dicembre 2019

MetLife, Inc., announced that it has been named one of America’s “Most Responsible Companies” by Newsweek magazine. MetLife is the top-ranked insurance company on Newsweek’s inaugural list, and number 19 of all 300 companies recognized.“As a purpose-driven company, we feel a deep sense of responsibility to all our stakeholders,” said MetLife Chief Sustainability Officer Tim Ring. “People trust us to protect their families, their finances and their futures while making the world a better place. We’re pleased to receive this recognition of our work.” Newsweek partnered with global data research firm Statista Inc. to publish its ranking of America’s Most Responsible Companies. Statista worked from a universe of 2,000 public companies and used a four-phase process, which included an independent survey among 6,500 U.S. citizens and research based on publicly-available key performance indicators derived from corporate annual reports, corporate social responsibility (CSR) reports, sustainability reports, and corporate citizenship reports. The detailed analysis covered three areas of CSR: environmental, social and corporate governance.

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Travelers Receives Approval to Transfer European Business to Dublin

Posted by fidest press agency su venerdì, 27 settembre 2019

The Travelers Companies, Inc. (NYSE: TRV) today announced that Travelers Insurance Company Limited has received approval from the High Court of England and Wales to complete an insurance business transfer under Part VII of the Financial Services and Markets Act 2000. This will enable the company to transfer the portfolios of all relevant in-force policies and historic liabilities written out of its Irish, French, German and Netherlands branches to its newly established insurance subsidiary, Travelers Insurance Designated Activity Company (Travelers Insurance DAC). “Receiving court approval for our Part VII transfer is another milestone in our plan to ensure we will maintain high levels of service for our customers and brokers following the UK’s expected departure from the European Union,” said Matthew Wilson, CEO of Travelers Europe. “We are delighted to be able to provide certainty to our policyholders, no matter which part of our business they work with.” Travelers Insurance DAC is based in Dublin in the Republic of Ireland and was authorised by the Central Bank of Ireland in January 2019. Travelers Insurance DAC covers business insurance and bond and specialty risks in Ireland and throughout the European Economic Area.
Travelers has operated in Europe for decades in the general insurance market and through Lloyd’s. Travelers Insurance Company Limited offers business insurance, bond and specialty insurance and risk management services. Travelers’ Syndicate at Lloyd’s underwrites specialist and complex business classes, including marine, global property, power and utilities, accident and special risks, aviation and energy.

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Inc. Magazine Recognizes SetSchedule As One Of The Fastest-Growing Companies in the U.S.

Posted by fidest press agency su venerdì, 23 agosto 2019

SetSchedule has been named by Inc. magazine among the 5000 fastest-growing companies in the U.S., ranking the company 196 in its annual Inc. 5000 list.The Inc. 5000 recognizes notable companies who are growing in size and revenue. Past nominees include Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Pandora, Patagonia, Oracle, and other high-profile businesses. SetSchedule was chosen, in part, due to its extraordinary revenue growth over the past three years.Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454%, and a median rate of 157%. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.SetSchedule has brought real estate and technological expertise together to produce the most trustworthy, comprehensive real estate technology solutions platform for the real estate market to date. The company’s best-in-class open marketplace products feature popular real estate companies, data analytics and AI technologies to assist real estate agents, brokers, and teams grow their business.The annual Inc. 5000 event honoring the companies on the list will be held October 10-12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. Complete results of the Inc. 5000 can be found at http://www.inc.com/inc5000.SetSchedule is the technology innovator revolutionizing the real-estate business and data services. The company’s multi-patented agnostic leads marketplace and SAAS products suite, leverage AI-powered predictive data, trend insights, and automated marketing software tools to deliver better business efficiency to agents, teams, brokers, franchises and industry verticals. Learn more at setschedule.com.

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Stable credit market as property companies’ shares reach new high

Posted by fidest press agency su venerdì, 5 luglio 2019

In the July issue of CREDI, the Main index increases from 50.3 to 50.8 indicating a slightly improved credit market. Property companies maintain a positive view of the credit market, while banks are increasingly pessimistic about the future.“This year’s second CREDI survey reflects a stable credit market, where improved access to credit and extended credit durations counteract expectations of higher credit margins. The CREDI Main index is boosted in particular by an improved perception of the current situation among banks. However, banks are increasingly pessimistic going forward as their Expectations index falls to its second-lowest point in the history of CREDI. Furthermore, the average interest rate of listed property companies increased slightly to 2.0 per cent, marking the end of the trend of decreasing interest rates that lasted for 21 quarters,” says Martin Malhotra, Project Manager at Catella.“The equity market has rebound strongly this year, with the total return of the Stockholm OMX 30 index being nearly 20 per cent. The main driver has been the U-turns of the major central banks and the expectation that we will see lower interest rates and more quantitative easing from the central banks going forward. The Swedish equity market is a reasonably good leading indicator of the CREDI Main index, and its development suggests that we will see stable credit sentiments during the coming quarters,” says Arvid Lindqvist, Head of Research at Catella.“The reduction in long-term interest rates has also been reflected in property companies’ preference shares, where the average dividend has fallen to 6.1 per cent since the turn of the year. Also, as the volume-growth of outstanding bonds continues to slow down, the bond market’s share of the listed property companies’ debt has remained at 28 per cent,” Martin Malhotra concludes.The Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.com/en/news-and-pressreleases/research. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

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Fitch Upgrades Financial Strength Ratings of Athene’s Operating Companies to ‘A’

Posted by fidest press agency su giovedì, 2 maggio 2019

Fitch Ratings (“Fitch”) announced it has upgraded the Insurer Financial Strength (IFS) ratings of Athene Holding Ltd.’s (“Athene”) (NYSE: ATH) operating companies to ‘A’ (strong) from ‘A-’ (strong). At the same time, Fitch has also upgraded the Long-Term Issuer Default Rating (IDR) of Athene Holding Ltd. to ‘BBB+’ from ‘BBB’. Fitch’s ratings and analysis are intended to assess the level of corporate financial strength and creditworthiness. The ‘A’ financial strength rating is Fitch’s third highest rating category, reflecting high credit quality and low default risk.“This upgrade reflects our superior financial results, very strong capital position and our increasing business diversification from our multi-channel distribution platform,” said Jim Belardi, CEO of Athene. “We are proud that S&P, A.M. Best and now Fitch have all recognized Athene with ‘A’ ratings, and we look forward to additional ratings upgrades in the future. Our increasing presence in the marketplace as an A-rated company will enable us to establish new partnerships and expand our reach as a financial solutions provider to a broader market.” Fitch cited Athene’s very strong earnings and financial performance as key drivers behind the upgrade, as well as Athene’s maintenance of strong balance sheet fundamentals. The rating agency noted, “Athene’s improved business profile has been driven by expansion into adjacent product lines, expanded distribution and increased business volumes as the company has maintained its strong presence in the fixed annuity market and increasing its presence in the pension risk transfer business.”

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Credit market improves as optimism rises among property companies

Posted by fidest press agency su mercoledì, 3 aprile 2019

In the March issue of CREDI the Main index increases from 48.6 to 50.3, indicating a slightly improved credit market. Property companies maintain a positive view of the credit market as interest rates fall to a new record low. “This year’s first CREDI survey shows a positive shift in the credit market, where improved access to credit and extended credit durations counteract slightly higher credit margins. The CREDI Main index is boosted in particular by increased optimism among property companies. In fact, the property companies’ Expectation index is at its highest level in nearly four years. Furthermore, the average interest rate of listed property companies continues to fall, hitting a new record low of 1.9 per cent,” says Martin Malhotra, Project Manager at Catella.“The stock market has rebound during the first quarter of 2019, with OMX 30 up 12 percent. This is mainly a result of more dovish central banks, which have responded to weakening growth in the United States and the rest of the world. Going forward, property companies in Sweden should be able to enjoy continued low real interest rates for an extended period of time,” says Arvid Lindqvist, Head of Research at Catella.“The reduced long interest has also been reflected in property companies’ preference shares, where the average dividend has fallen to 6 per cent since the turn of the year. Also, the limited growth of outstanding bonds means the bond market’s share of the listed property companies’ debt has levelled out,” Martin Malhotra concludes.The twenty-sixth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.com/en/news-and-pressreleases/research. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

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CREDI indicates tightened access to debt for property companies

Posted by fidest press agency su sabato, 22 dicembre 2018

In the December issue of the Catella Real Estate Debt Indicator (CREDI), the Main index falls slightly from 49.6 to 48.6, as credit availability has worsened noticeably over the past two quarters. Property companies did experience slightly improved credit terms as interest rates fall to a record low, but uncertainty looms as credit margins appear to rise in the future.“This year’s fourth CREDI survey appear to confirm a shift in the credit market, where access to credit has continued to gradually worsen. Debt is still attractively priced when it is available, but the access to debt is tightening. Furthermore, we have observed a trend since September last year where surveyed banks and property companies have held a fairly positive view of the current credit climate, but their view of the future development has been more pessimistic. However, this anticipated negative development has yet to materialise. In fact, the average interest rate of listed property companies has continued to fall to a record low 2 per cent,” says Martin Malhotra, Project Manager at Catella.
“We will see the effects of the central banks reducing their stimulus programs and tightening up liquidity, which will also affect the Swedish bond market. In particular, the market will demand higher returns for risk, which will make debt financing more expensive for small actors that are perceived to have higher risk. Large actors with low-risk business models, on the other hand, will still be able to find attractively priced debt,” says Arvid Lindqvist, Head of Research at Catella.“While it has been a good year for property companies on the stock market, the average dividend for property-related preference shares increased by 50 bps on the back of investors’ fear of a steeper yield curve. At the same time, the recently introduced class D common share is increasingly being viewed as a replacement for the preference share,” Martin Malhotra concludes.The twenty-fifth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.com/en/news-and-pressreleases/research. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices and analyses based on publicly available data.

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CynergisTek Named Among “50 Most Trustworthy Companies of the Year 2018”

Posted by fidest press agency su giovedì, 8 novembre 2018

CynergisTek (NYSE AMERICAN: CTEK), a leader in healthcare cybersecurity and information assurance, today announced that The Silicon Review Magazine has named it among the “50 Most Trustworthy Companies of the Year 2018.” “The Silicon Review 50 Most Trustworthy Companies of the Year 2018 program identifies companies which are successful bringing more expertise to the IT and business world than others, and winning a spot on this list indicates the company has distinguished itself from peers by proving itself more valuable in terms of reliability, loyal customer base, innovation, and market position,” said Sreshtha Banerjee, Editor-in-Chief of The Silicon Review Magazine. The publication has selected CynergisTek based on its consistency in performance, product/service reliability, partnerships/collaborations, transparency, financial status, and the ability to reach customer/client expectations.CynergisTek has been at the forefront of security and privacy for healthcare organizations since 2004 and has earned the trust of hundreds of healthcare organizations throughout the years. The company founded its business based on relationships and industry expertise, and has stayed true to that commitment. As a result, the company has experienced a 94 percent retention rate and continues to focus on earning the trust of healthcare organizations.

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Euronext Vigeo Names Xerox One of Top 50 US Tech Companies for Sustainability, Citizenship

Posted by fidest press agency su venerdì, 22 giugno 2018

Xerox Corporation (NYSE: XRX) has been named to the Euronext Vigeo index: U.S. 50; the 50 most advanced technology companies in the United States. The Euronext Vigeo index recognizes companies who do business in Europe for achieving the most advanced environmental, social and governance performances.Euronext is the primary stock exchange in the Eurozone, operating four national regulated securities and derivatives markets in Amsterdam, Brussels, Lisbon, and Paris and regulated securities market, Euronext London. Vigeo is the leading European agency in corporate social responsibility ratings providing environmental, social and governance research to investors and public and private corporates.“Xerox has been a proud champion for a culture of sustainability and social responsibility for more than 100 years. It has been and remains a pillar of our corporate values – behaving responsibly as a corporate citizen,” said Michele Cahn, vice president of Global Government Affairs, Sustainability, Citizenship & Compliance for Xerox. “It is at the core of who we are as a company and this ranking further recognizes our global commitment to these practices.” Xerox annually publishes its report on corporate social responsibility sharing the company’s progress on key citizenship matters.

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Anti-money laundering: MEPs vote to shed light on the true owners of companies

Posted by fidest press agency su lunedì, 23 aprile 2018

MEPs supported by 574 votes to 13 votes, with 60 abstentions — a December agreement reached with the Council, which also proposed closer regulation for virtual currencies, like Bitcoin, to prevent them being used for money laundering and terrorism financing.
The agreement represents the fifth and latest update to the EU’s Anti-money laundering Directive and is partly a response to the terrorist attacks of 2015 and 2016 in Paris and Brussels, as well as the Panama Papers leaks. The reforms giving citizens the right to access information on the beneficial owners of firms which operate in the EU, could help quash the corrupt use of letterbox companies created to launder money, hide wealth and avoid paying taxes – a practice which received widespread attention in the wake of the Panama Papers. An additional measure would also open up data on beneficial owners of trusts and similar arrangements to those who can demonstrate a “legitimate interest”. This would make information on trusts available to investigative journalists and non-governmental organisations (NGOs). Member states will also retain the right to provide broader access to information, in accordance with their national law.The new measures also address risks linked to prepaid cards and virtual currencies. In a bid to end the anonymity associated with virtual currencies, virtual currency exchange platforms and custodian wallet providers will, like banks, have to apply customer due diligence controls, including customer verification requirements. These platforms and providers will also have to be registered, as will currency exchanges and cheque cashing offices, and trust or company services providers.

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BionorthTX’s iC3 Summit Grows Popular Hub in North Texas for Life Sciences Companies

Posted by fidest press agency su mercoledì, 22 novembre 2017

Sally RobertsThe North Texas region has become a popular destination for Life Sciences companies thanks to the great work of organizations like bionorthTX. Their third annual iC3 Summit, held on October 12, 2017, is the region’s largest annual conference bringing together life sciences companies, executives, academia, investors, and industry support organizations to explore innovations, opportunities, and challenges faced by the industry. Rx Worldwide Meetings was a proud supporter of this year’s summit.“North Texas is uniquely positioned with expertise, technologies, resources, and talent to become a major hub for the biomedical industry,” explains Kay Tieman, iC3 Life Science Summit Event Chair and Co-Founder of bionorthTX. “Growth is happening in areas such as therapeutics, personalized medicine, proteomics, diagnostics and medical devices, and Nano-bio and environmental sciences,” she went on.
Rx Worldwide Meetings, Inc., a division of Infinix Global Meetings & Events, recently sponsored the iC3 Summit mobile app to help streamline the user experience at the event. “We are always happy to support efforts to create a sustainable and diverse Life Sciences ecosystem in North Texas,” says Infinix Global’s Chief Executive Officer, Sally Roberts. “As a growing woman-owned business that services the Life Sciences industry, the partnership is a no-brainer,” says Roberts of Infinix Global’s affiliation with the iC3 Summit.From the future of Cancer Prevention & Research Institute of Texas grants to patient records innovation, leaders discussed issues facing the industry during this year’s iC3 Life Science Summit. The iC3 conference stands for Innovation, Collaboration, Capital, and Commercialization. The summit hosts healthcare innovation presentations as well as informational sessions by investors who share perspectives in supporting North Texas companies. The summit is designed by a steering committee of industry leaders. The agenda includes panel discussions, keynote presentations, exhibitions and numerous networking opportunities.bionorthTX’s mission is to encourage the development of a rich ecosystem that allows for the growth and success of regional life science companies, as well as strengthening the economy of local communities. bionorthTX is an independent, non-profit 501(c)(6) trade association serving and representing the life science industry in North Texas. Member companies range from North Texas’ largest employers to emerging start-ups, universities, research institutions, hospitals, investors, students, individuals and vendors who provide products and services to the life science industry. (photo: sally roberts)

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CREDI indicates a positive view of the credit market among property companies

Posted by fidest press agency su martedì, 26 settembre 2017

Stockholm. “In this year’s third CREDI survey, we see an improvement in the CREDI Main Index, from 41.8 to 49.8. This is the highest index value in two years, and marks the second largest improvement in the history of CREDI. Listed property companies have a very positive view of the development of the crstoccolma1edit market, due to factors such as improved access to bank loans and reduced credit margins. In addition, property companies and banks agree that credit duration has increased,” says Martin Malhotra, Project Manager at Catella.“Historically, the responses of property companies’ in the CREDI survey have tracked the development of the overall stock market. The relatively strong development on the stock market over the last year indicates a continued improvement in the credit sentiment over the coming quarters. Furthermore, the positive view of the credit market in the latest CREDI survey indicates a stabilisation in bank lending to the property sector,” says Arvid Lindqvist, Head of Research at Catella.“While access to bank loans has improved and corporate bonds remain popular, preference shares are becoming increasingly less relevant for property companies. After more than a year with no new issues on the Nasdaq OMX Nordic Main Market, property companies are now looking to redeem their outstanding preference shares. During the summer, Sagax redeemed more than 70 per cent of its preference shares, which reduced the total volume by 8.2 per cent. In addition, Balder intends to redeem all of its 10 million outstanding preference shares, which would reduce the total volume by an additional 24 per cent,” Martin Malhotra concludes.
The twentieth edition of the Catella Real Estate Debt Indicator (CREDI) is attached and can also be downloaded from catella.com/credi. CREDI consists of two parts: one is an index based on a survey of listed property companies and active banks, and the other a set of indices based on publicly available data. Read more about the methodology at catella.com/credi. This edition also includes an analysis of preference shares and an overview of the property market.

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Catella exclusive advisor in sale of one of the largest real estate companies in Denmark for DKK 4.3 billon

Posted by fidest press agency su mercoledì, 26 aprile 2017

Jesper Bo HansenCatella acted as exclusive financial advisor to the board of HD Ejendomme in the sale of the DKK 4.3 billion real estate company to funds managed by NIAM HD Ejendomme has agreed on terms with NIAM to divest all shares in the company. Simultaneously with the acquisition NIAM will inject new equity and recapitalize the company. Financial terms of the transaction are not being disclosed.NIAM is a strong owner with substantial experience on the Nordic real estate markets and the deal will enable HD Ejendomme to grow its portfolio under management with a focus on residential properties in Denmark.“This was a unique opportunity for us to acquire a large notably residential portfolio and a well-functioning management platform. We expect to utilize it as a platform for further investments and have a pipeline of potential acquisitions lined up,” says Kristian Krogh, Senior Director and Head of Denmark at NIAM.HD Ejendomme is one of the largest real estate companies in Denmark. It owns and operates approximately 2,000 residential and 375 commercial units across Denmark and employs some 85 people with headquarter in Odense. In 2014, the former CEO of Financial Stability Mr. Lars Jensen was appointed as chairman of HD Ejendomme to steer the company out of the financial crisis.“I am pleased that the assignment I took on is now solved. All the creditors will get their money back and those who continue to finance the company will continue under the new and recapitalized ownership,” say Lars Jensen, Chairman of HD Ejendomme.“We appreciate the trust and the mandate awarded to Catella by the board of HD Ejendomme. Catella is well positioned for this kind of highly complex mandate in line with our position being the link between property and finance,” says Jesper Bo Hansen, Head of Corporate Finance at Catella. (photo: Jesper Bo Hansen)

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3 out of 4 startups are acquired by US companies

Posted by fidest press agency su martedì, 13 settembre 2016

startupsSan Francisco. US companies are more acquisitive. Even less surprisingly, among the top 15 acquirers, over 70% are Silicon Valley companies. This is the main finding from “Startup Transatlantic M&As. US vs EU”, the report that will be presented today at the European Innovation Day conference in Mountain View, the event created and organized by Mind the Bridge and co-organized by EIT Digital.The research completed by Mind the Bridge and CrunchBase analyses approximately six thousand startup acquisitions performed by US and European companies since 2012. It reveals that US and European companies focus their M&A activity in the US and Europe: 91% of the acquisitions performed by US and European companies – and 96% of the price paid – refer to US and European startups. “The common wisdom is that acquisitions have played a central role in Silicon Valley’s success, and that buying startups is one of the fastest ways for companies to embrace disruption and keep innovating – Alberto Onetti, Chairman Mind the Bridge, comments – The aim of this report was to understand if these beliefs are actually true. Now the numbers speak for themselves.”In particular, US companies acquired a number of startups that is significantly higher than EU companies, approximately 4 times more. 4,880 deals out of 5925, in fact, have been performed by US companies representing 82% of all the transatlantic transactions and investing $504 billion in disclosed transactions. This represents 90% of the overall value invested in startup acquisitions across the Atlantic. Silicon Valley alone registers 1,264 deals (21% of all the transatlantic deals and 26% of US ones) for $118B, more than the whole Europe. The Old Continent accounts for 1,045 deals – 18% of the total – for $57B. The median deal size of US acquisitions is $110M, 1.83 times than the median amount invested by EU companies ($60M). Additionally, if we look at the distinction between domestic and cross-atlantic acquisitions of startups, it has been reported that US buys prevalently domestic companies (4,300 out of 4,900 total EU/US based startups acquired, 88% on the number of acquisitions, 80% of the value of disclosed transactions). 68% of European startups acquisitions (700 out of the 1,045 total) happen domestically.
To be noted that US startups accounted for just under a third of the number of European startup acquisitions but ate up 59% of the total capital invested. This data suggests, on the one hand, that there is still a gap to be filled in the European startup ecosystem’s ability to produce exits; on the other hand – even more interestingly – US startups are more expensive than their European counterparts (32% of the acquisitions absorbed 59% of the overall amount paid).
“This is the first report doing a comparative analysis of acquisitions looking at Europe and the US. The interdependence of Europe and the US is striking and second only to the dependence of European countries on each other. The findings will inform corporate strategy in both continents”, says Gené Teare Head of Content at CrunchBase.
startups1Remarkably, US companies acquired 562 European startups while 709 startups were acquired by European companies in Europe. That means – consistently with data from SEP Monitor – that 44% of European startup acquisitions have been performed by US companies.
Research introduces the “exits/acquisition ratio” that shows the ratio between the number of exits and the number of acquisitions. Not all ecosystems have a positive balance between the sell (exits) and buy (acquisitions) side. US shows a certain equilibrium with 0.95 while Europe is characterized by a negative M&A balance (1.2): it means that the overall number of startups that have been sold in a region is larger than the ones that have been acquired by regional companies. This situation is clearly evident in the youngest ecosystems (Spain, Italy, the Benelux).
When broken down by city, New York, Chicago and some municipalities of the Silicon Valley (including Mountain View, Sunnyvale and San Jose), and to a lesser extent Los Angeles, Austin and Boston are “net acquirers” of startups (the number of startups acquired is larger than the ones that have been sold), while San Francisco, Seattle and Palo Alto are “net sellers” of startups. Silicon Valley, when considered as a whole, demonstrates a healthy balance (0.95), slightly below the parity.
US and Silicon Valley Run the M&A Show – Not surprisingly the top 15 acquirers in the transatlantic ranking are all US companies. Even less surprisingly, 11 out of the top 15 are from the Silicon Valley. The first European one – Germany’s SAP – ranks 33rd. On average, the top 15 US-based companies acquire 6 times more startups than the top European companies. Altogether, the top 15 most active European companies have acquired approximately the same number of startups that Google bought in the same period. (graphic: startups)

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Companies in Emerging Markets Make Distinctive CSR Efforts

Posted by fidest press agency su venerdì, 12 agosto 2016

ANZBy John Howell, Editorial Director. The evolution of CSR in developed economies from philanthropic grants to programs more integrally tied to core strategies is impacting business in emerging economies. From cost cutting to reputation building, companies in developing markets are aligning sustainability activities with their missions and values. And they are doing so in distinctive ways. A recent report from the Australia and New Zealand Banking Group Limited describes three examples: 1) technical support, to provide skilled labor 2) regu latory uplift, to assist governments in implementing best practices and international standards and 3) engagement in hands-on community events to build trust. There are lessons to be learned here by all business. (Photo Credit: ANZ)

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