26.6 C
Vientiane
Thursday, August 7, 2025
spot_img
Home Blog Page 510

NYSE Content Advisory: Pre-Market update + Warren Buffett to step down as Berkshire Hathaway CEO

NEW YORK, May 5, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on May 5th

  • Warren Buffett told investors over the weekend at the company’s annual meeting that he is going to step down as CEO of Berkshire Hathaway (NYSE: BRK) at the end of this year. Buffet will remain as chairman with Greg Abel replacing him as CEO.
  • Stocks are pointing to a lower open early Monday after the S&P 500 extended its win streak Friday to the longest stretch of consecutive gains in just over two decades.
  • The Federal Reserve will deliver a decision on interest rates Wednesday and the central bank is expected to keep borrowing costs steady.

Opening Bell
Corporacion Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX) rings the Opening Bell

Closing Bell
Constellation Brand (NYSE: STZ) celebrates Cinco de Mayo

Watch NYSE TV Live every weekday 9:00-10:00am ET

Video – https://mma.prnewswire.com/media/2679374/NYSE_Market_Update_May_5.mp4

The products of Tianneng have received widespread attention

JAKARTA, Indonesia, May 5, 2025 /PRNewswire/ — Since entering the Indonesian market in 2023, Tianneng has continued to promote its localization strategy in Southeast Asia. In 2024, the company set up an office in Indonesia to build a local support system from channels, services to brand operations. This appearance in Indonesia is another important landing point for Tianneng to respond to the “Belt and Road” initiative and further strengthen its expansion into the south.

While continuously optimizing lead-acid batteries, Tianneng is also actively promoting the productization and large-scale application of lithium battery technology. The lithium battery solutions specially displayed at this exhibition have multiple advantages such as high energy density, lightweight design, excellent fast charging performance, and high safety, which can effectively meet users’ needs for battery life, charging efficiency and long life.

Tianneng said that in the future, it will accelerate the establishment of a channel network, after-sales system and local operation team in Indonesia, and continue to improve the product matrix based on market feedback, empowering regional partners in the form of “global capabilities + local practices” to jointly promote Indonesia’s green travel and energy transformation.

Beko successfully completes €125 million loan from Italian export credit agency SACE

  • 10-year loan strengthens capital structure and supports strategic development
  • Agreement enhances opportunities for Italian supply chain partnerships and economic cooperation

ISTANBUL, May 5, 2025 /PRNewswire/ — Beko, a leading global manufacturer of white goods, has secured a €125 million, 10-year push strategy loan with SACE, Italy’s export credit agency and insurance-finance group, fully owned by the Ministry of the Economy and Finance.

Beko_Sace_Loan_1
Beko_Sace_Loan_1

The agreement was formalized during a signing ceremony in Rome bringing together Fatih Kemal Ebiçlioğlu, Consumer Durables Group President of Koç Holding (the parent group of Beko); Barış Alparslan, Chief Financial Officer at Beko; and Alessandra Ricci, CEO at SACE. Their combined presence reinforced the shared commitment to strengthen economic cooperation.

This long-term financing strengthens Beko’s capital structure and enhances the company’s ability to pursue strategic growth. It also creates opportunity for future procurement from Italian suppliers, strengthening the European supply chain ecosystem and reflecting Beko’s commitment to long-term financial partnerships. This operation is part of SACE’s Push Strategy Program, which facilitates relationships between strategic foreign buyers and the Italian production system. In this context, Beko has committed to participating in business matching events with Italian companies to explore new commercial opportunities.

“This financing agreement with SACE represents an important milestone in Beko’s long-term strategy,” said Fatih Kemal Ebiçlioğlu, Consumer Durables Group President of Koç Holding. “It creates valuable opportunities for collaboration with other Italian partners and supports our commitment to developing our operational capabilities sustainably and responsibly.”

Barış Alparslan, Chief Financial Officer of Beko, commented: “This agreement provides important financial flexibility for our operations and reflects the confidence of leading global institutions in our long-term approach.”

Alessandra Ricci, CEO of SACE: “We are proud to initiate this collaboration with Beko, a globally recognized industrial leader and strategic partner for our production system. This operation is a concrete example of how SACE’s Push Strategy can create real opportunities for Italian businesses by promoting innovation and facilitating access to new value chains, in the complex global context.”

BNP Paribas and Deutsche Bank acted as mandated lead arrangers.

ABOUT BEKO 

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of over 50,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko became the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.6 billion Euros in 2024. Beko’s 30 R&D and Design Centers & Offices across the globe are home to over 2,300 researchers and hold more than 3,500 international registered patent applications to date. The company achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the sixth consecutive year (based on the results dated 22 November 2024) and has been included in the Dow Jones Sustainability Indices for the eighth consecutive year.** Beko’s vision is ‘Respecting the World, Respected Worldwide.’

www.bekocorporate.com 

*Licensee limited to certain jurisdictions.
 **The data presented belongs to Arçelik A.Ş., a parent company of Beko. 

ABOUT SACE

SACE is the insurance and financial group controlled by the Ministry of Economy and Finance, specializing in supporting the growth of Italian companies through a wide range of solutions to facilitate export and innovation, including financial guarantees, factoring, risk management and protection, advisory services and business matching. With a network of 11 offices in Italy and 13 worldwide in target countries for Made in Italy products, SACE serves over 60 thousand companies, supporting their growth in Italy with a portfolio of insured operations and guaranteed investments of Euro 270 billion in around 200 foreign markets.

 

Beko_Sace_Loan_2
Beko_Sace_Loan_2

 

 

Ericsson resolves on an acquisition offer for C shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024

STOCKHOLM, May 5, 2025 /PRNewswire/ — In accordance with the resolutions by the Annual General Meeting 2025, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024 for Ericsson’s executive team and other executives.

The Board of Directors of Ericsson has today resolved, by virtue of authorizations given by the Annual General Meeting on March 25, 2025 (the “AGM 2025”), to direct an acquisition offer to all holders of C shares to acquire these shares. The acquisition shall be made during the period May 5 – May 19, 2025 and payment for acquired shares shall be made in cash with approximately SEK 5 per share (corresponding to the quota value of the Ericsson share).

The offer is part of the financing of Ericsson’s Long-Term Variable Compensation Programs LTV 2025 and LTV 2024 and includes all 23.1 million C shares which the AGM 2025 resolved to issue to Skandinaviska Enskilda Banken AB (“SEB”) for these programs. SEB have today subscribed for all 23.1 million C shares and informed Ericsson that they intend to accept the acquisition offer.

Once all 23.1 million C shares have been acquired by Ericsson, the Board intends to convert them to B shares. After the conversion, the total number of shares in Ericsson will amount to 3,371,351,735, of which 261,755,983 are A shares and 3,109,595,752 are B shares. Ericsson currently holds 15,579,561 B shares as treasury stock.

NOTES TO EDITORS:

FOLLOW US:
Subscribe to Ericsson press releases
Subscribe to Ericsson blog posts
https://x.com/ericsson
https://www.facebook.com/ericsson
https://www.linkedin.com/company/ericsson

MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

ABOUT ERICSSON:

Ericsson’s high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson-resolves-on-an-acquisition-offer-for-c-shares-for-the-long-term-variable-compensation-progr,c4144941

The following files are available for download:

https://mb.cision.com/Main/15448/4144941/3426446.pdf

Ericsson resolves on an acquisition offer for C shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024

 

Tianneng makes an appearance at the AsiaBike Exhibition

JAKARTA, Indonesia, May 5, 2025 /PRNewswire/ — From April 29 to May 4, the Asia Bike 2025 Indonesia was held at the Jakarta International Exhibition Center. As a global green energy solution provider, Tianneng Battery brought a series of multi-scenario power solutions covering multiple application scenarios such as transportation and industrial logistics, and was invited to participate in the Technology Development Forum held at the same time as the exhibition, formally introducing the power battery solutions developed for high temperature and high humidity environments such as Indonesia and the future market layout plan to the industry and the market.

At this exhibition, Tianneng focused on exhibiting a diversified product system including high-temperature lead-acid batteries, lithium battery solutions and traction batteries, which fully demonstrated the company’s system layout capabilities and technological innovation level in the field of power energy.

At the Technology Development Forum held at the same time, Tianneng, as a specially invited corporate representative, systematically introduced the technical characteristics, performance advantages and market adaptability of its high-temperature power batteries, focusing on the hot and rainy climate conditions unique to the Indonesian market, and the high-frequency usage scenarios of electric two-wheeled and three-wheeled vehicles.

ADNOC Gas announces Q1 net income of $1.27 billion, up 7% year on year, significantly exceeding market expectations

EBITDA of $2.16 billion, up 4% year on year

Performance driven by domestic gas demand and efficient management of planned shut-down program

ADNOC Gas continues to invest through the cycle to achieve its longer-term EBITDA growth target of over 40%

ABU DHABI, UAE, May 5, 2025 /PRNewswire/ — ADNOC Gas plc and its subsidiaries (together referred to as “ADNOC Gas” or the “Company”) (ADX: ADNOCGAS) (ISIN: AEE01195A234), a world-class integrated gas processing and sales company, today announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7% and 4% respectively.

ADNOC Gas announces Q1 net income of $1.27 billion, up 7% year on year, significantly exceeding market expectations
ADNOC Gas announces Q1 net income of $1.27 billion, up 7% year on year, significantly exceeding market expectations

The performance was driven firstly by continued demand for domestic gas – up on the equivalent quarter last year – as a result of strong economic growth in the UAE, which lifted the total sales volume. Secondly, through efficient management of the planned shut-down program to boost processing capacity, a reduction in the number of days the Company’s plants were offline led to a rise in processed volumes.

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: “This has been another outstanding quarterly performance by ADNOC Gas, supported by our resilient business model in a lower oil price market, which significantly exceeded market expectations. These results come on the back of successful supply agreements and the optimization of our ongoing shut-down program designed to power our continued growth. Looking ahead, we will use the strength of our balance sheet to invest through the cycle as we seek to realize EBITDA* growth of over 40% between 2023 and 2029.”

ADNOC Gas signed a series of mid to long term LNG supply agreements valued at circa $9 billion with the Indian Oil Corporation and JERA Global Markets of Japan during Q1, reinforcing its role as a leading supplier of lower-carbon fuel. The agreements support the growth of the Company’s international customer base as well as the transformation of global energy systems. 

Q1 also saw a year-on-year uplift in CAPEX of 43% as ADNOC Gas continues to make the necessary investments through the cycle to grow the business and achieve its longer-term EBITDA targets. Project implementation remains on track, with the Company expecting to take a Final Investment Decision on its Rich Gas Development project in 2025.

As a result of the recently completed marketed offering of 3.1 billion shares in ADNOC Gas in which the free float increased by 4% to 9%, the Company is eligible for potential inclusion in the MSCI and FTSE indices as early as June and September respectively.

$ Million

Q1 24

Q4 24

Q1 25

YoY %

QoQ %

Q1 25 vs. Q1 24

Q1 25 vs. Q4 24

Revenue

6,011

6,060

6,099

1 %

1 %

COGS

-3,410

-3,299

-3,455

1 %

5 %

Opex

-525

-479

-485

-8 %

1 %

EBITDA

2,076

2,282

2,159

4 %

-5 %

Net Inco me

1,187

1,381

1,270

7 %

-8 %

EBITDA Margin

34.5 %

37.7 %

35.4 %

87bps

-226bps

Net Income Margin

19.7 %

22.8 %

20.8 %

107bps

-197bps

Free Cash Flow

(ex-working capital)

1,144

965

1,214

6 %

26 %

Alternative performance measures:

•  Financial information as presented above includes ADNOC Gas’ proportionate consolidation of
JVs financial results.

•  EBITDA includes proportionate consolidation of JVs and represents Earnings Before Interest,
Tax, Depreciation and Amortization.

•  Free cash flow (excluding working capital) as presented is based on the IFRS financial statements.

•  The reconciliation between the financial data as presented and the IFRS financial statements is
presented in the Management Discussion & Analysis Report.

*Assumes a flat oil price of $70/bbl between 2025 and 2029 and, in addition, the proportional consolidation of Ruwais LNG following completion and transfer to ADNOC Gas.

About ADNOC Gas

ADNOC Gas, listed on the ADX (ADX symbol: “ADNOCGAS” / ISIN: “AEE01195A234”), is a world-class, large-scale integrated gas processing and sales company operating across the gas value chain, from receipt of feedstock from ADNOC through large, long-life operations for gas processing and fractionation to the sale of products to domestic and international customers. ADNOC Gas supplies approximately 60% of the UAE’s sales gas needs and supplies end-customers in over 20 countries.  To find out more, visit: www.adnocgas.ae

(X) @ADNOCGas

For investor inquiries, please contact:
Christian Audi
Vice President, Investor Relations
+971 (2) 6037366
ir@adnocgas.ae

 

Tianneng makes an appearance at the AsiaBike Exhibition

JAKARTA, Indonesia, May 5, 2025 /PRNewswire/ — From April 29 to May 4, the Asia Bike 2025 Indonesia was held at the Jakarta International Exhibition Center. As a global green energy solution provider, Tianneng Battery brought a series of multi-scenario power solutions covering multiple application scenarios such as transportation and industrial logistics, and was invited to participate in the Technology Development Forum held at the same time as the exhibition, formally introducing the power battery solutions developed for high temperature and high humidity environments such as Indonesia and the future market layout plan to the industry and the market.

At this exhibition, Tianneng focused on exhibiting a diversified product system including high-temperature lead-acid batteries, lithium battery solutions and traction batteries, which fully demonstrated the company’s system layout capabilities and technological innovation level in the field of power energy.

At the Technology Development Forum held at the same time, Tianneng, as a specially invited corporate representative, systematically introduced the technical characteristics, performance advantages and market adaptability of its high-temperature power batteries, focusing on the hot and rainy climate conditions unique to the Indonesian market, and the high-frequency usage scenarios of electric two-wheeled and three-wheeled vehicles.

eM Client version 10.3 adds features familiar from Postbox

PRAGUE, THE CZECH REPUBLIC – Newsaktuell – 5 May 2025 – The Czech company eM Client has launched a new version of its eponymous email application, positioning their software as the primary rival to Microsoft Outlook in the email app market. The most recent release, version 10.3, also incorporates the most popular features from Postbox, an email application developed by Postbox Inc., which has ceased operations and was acquired by eM Client in 2024.

eM Client 10.3 aims to make the transition for Postbox users as easy as possible by adding many unique and powerful Postbox features that significantly boost eM Client’s ability to smoothly and efficiently tackle a busy inbox. New features include:

  • Account Groups — enabling users to gather similar email accounts together
  • Profiles — allows users to separate data, for example, for home and work use
  • Single-stroke keyboard shortcuts – for rapidly navigating, categorizing, and filing email, including Quick Move, Quick Copy, Quick Tag and more
  • Signature and QuickText libraries — pre-made formatted signatures and text snippets you can save or insert into your messages
  • New rules actions — playing a sound or inserting words at the beginning or end of a subject line.
  • Visual differences between event statuses — Free, Busy, Tentative, and Out of Office statuses have different opacity and hatching.

In its 18 years of existence, eM Client has become a comprehensive tool for managing emails, as well as calendar, contacts, tasks and notes. It also features integrated chat, including support for group chats such as Microsoft Teams, Slack and Rocket.Chat.

All this new and improved functionality folds perfectly into eM Client’s industry-leading feature set that includes conversation view, inbox categories, quick translation, email snooze, and support for tags, signatures, templates, quick text snippets and macros. eM Client also recently introduced full AI integration.

eM Client offers both subscription pricing and one-time purchase options, and has welcomed Postbox users with a significant limited-time discount as another way of helping ease their transition to our friendly and powerful software.

Hashtag: #eMClient

The issuer is solely responsible for the content of this announcement.

About eM Client

eM Client (emclient.com) was founded in 2006 with a clear goal: to develop the best email application. eM Client combines broad functionality with a modern and intuitive interface. Its qualities, including professional support, are appreciated by more than 2,500,000 users and 100,000 companies worldwide.