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Panasonic opens flagship mono-brand store in Siberia


Panasonic opens in Novosibirsk electronics store fundamentally new format. It will be presented to the widest choice of premium products, the most relevant new products and exclusive models of audio and video, as well as household and kitchen appliances Panasonic - all more than 450 names. Fans of the Japanese brand can be sure of the quality of purchased goods to be supplied Panasonic. On the area of ​​135 sq.m. set up special zones format Touch & Try, where customers can try out the functionality of the majority of products: the first ... Read More »

Lloyds Banking Group announces the sale of its Miami International Private Banking Office


Banco Sabadell already has a customer focused, private banking business in Miami and as indicated when we announced the sale of our Spanish retail operations to Banco Sabadell in April we continue to explore how the groups can collaborate effectively. This agreement evidences where such collaboration can be beneficial for both our customers and the business. The senior client facing team of the Business is expected to transfer to Banco Sabadell on completion of the Transaction. The Group will be contacting clients shortly in relation to the Tra... Read More »

AkzoNobel Q2 results 2013


July 18, 2013 Revenue down 4 percent, mainly due to divestments Operating income at €322 million (2012: €388 million) driven by adverse price/mix developments Net income attributable to shareholders €429 million (2012: €219 million) due to recognition of a deferred tax asset and the divestment of Decorative Paints in North America Adjusted EPS €1.37 (2012: €1.06) Performance improvement program on track to be completed in 2013, delivering €500 million EBITDA benefit a year early Operational focus of strategy update announced in ... Read More »

Abu Dhabi Commercial Bank and Red Crescent Authority unite efforts to help those in need during Holy Month of Ramadan


ADCB is dedicated to giving back to the communityy within which it operates and the sponsorship of Red Crescent Ramadan tents is a continuation of ADCB’s dedication to improving social issues. The bank sponsors Ramadan Iftar Tents annually, but the partnership with Red Crescent is the first time that ADCB has allocated its corporate Ramadan budget to provide more that 35,000 Iftar meals for those less fortunate throughout the Holy month of Ramadan. Mr. Amr Al Menhali, Head –ADCB Islamic Banking commented: “The Holy month of Ramadan is an opp... Read More »

Impacts of applying the IFRS 13 accounting standard on the consolidated results of the Dexia Group as at 30 June 2013


Applying this accounting standard, and in order to comply with the principles of derivative valuation most commonly used on the market, as from its H1 2013 closing Dexia Group will use a discount curve based on a daily rate (OIS)1, allowing calculation of the net asset value of collateralized derivatives. At the same time, Dexia will adapt its methodology in measuring Credit Value Adjustment (CVA)2 and will recognize a Debit Value Adjustment (DVA)3. These changes of the parameters used for the valuation of derivatives will lead, in the first... Read More »

Bertrand Cizeau appointed BNP paribas group head of brand, communications and quality


Bertrand Cizeau previously served as Head of Communication & Advertising at BNP Paribas Personal Finance (then operating under the Cetelem brand) from 2001 to 2011, before becoming Deputy Head of Brand, Communications and Quality for the BNP Paribas Group in 2012, working alongside Antoine Sire. BNP Paribas Group CEO Jean-Laurent Bonnafé commented: “During his 16 years at the head of Group Communications, Antoine Sire has steered the process of building the BNP Paribas brand, from the communication work supporting the merger of BNP a... Read More »

VTB finances Defence Ministry contract


The customer is the United Aircraft Corporation and the supplier is the United Engine Corporation. The loan will be issued to the Perm Engine Company, a subsidiary of the United Engine Corporation. "Supporting Russian producers is strategically important aspect of VTB's business,” VTB Bank Management Board Member Valery Lukyanenko said at the contract signing ceremony. “I hope that cooperation with VTB will help Russian engine producers maintain their market positions and will contribute to the continued growth and development of their busin... Read More »

Delhaize Group, disclosure of major shareholding


On June 7, 2013, Silchester International Investors LLP notified Delhaize Group that as of June 6, 2013 Silchester International Investors LLP owned 10 167 223 Delhaize Group shares, representing 9.98% of its voting rights. This is a decrease of 75 338 shares compared to the previous notification of ownership of 10 242 561 shares received on October 22, 2012. Silchester International Investors LLP is controlled by Silchester Partners Limited, which holds over 90% of its capital interests. Stephen C. Butt, Silchester’s Chairman and Chief Inve... Read More »

Nokia to fully acquire Siemens’ stake in NSN


The purchase price for Siemens' stake is EUR 1.7 billion and the transaction is expected to close during the third calendar quarter of 2013. Upon closing of the planned acquisition, Nokia Siemens Networks will become a wholly owned subsidiary of Nokia. Stephen Elop, President and CEO of Nokia, commented: "With its clear strategic focus and strong leadership team, Nokia Siemens Networks has structurally improved its operational and financial performance. Furthermore, Nokia Siemens Networks has established a clear leadership position in LTE, whic... Read More »

Disclosure made according to the requirements of the Law of 2 May 2007


According to its obligation under article 14 of the Belgian Law of 2 May 2007 on the disclosure of significant shareholdings in listed companies, Anheuser-Busch InBev publishes the content of the notification that it has received. Date: Notification of 26 June 2013  Reason for the notification: downward crossing of the threshold of 3%  Notification by (ultimate parent company of several legal entities with common voting policy): BlackRock, Inc. 55 East 52nd Street , New York, NY 10055, USA  Denominator: 1,607,209,135 shares  Date th... Read More »

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