S&P Global Ratings

B. Riley (RILY) Shares Plunge Amid Write Offs and Credit Downgrades of Franchise Group- Hagens Berman

Retrieved on: 
Friday, November 17, 2023
Acquisition, SAN, Reuters, Person, Franchise Group, Hagens Berman, DOJ, Bloomberg, S&P, FRG, S&P Global Ratings, Cryptocurrency, Pharmaceutical industry, Life insurance

SAN FRANCISCO, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges B. Riley Financial, Inc. (NASDAQ: RILY) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges B. Riley Financial, Inc. (NASDAQ: RILY) investors who suffered substantial losses to submit your losses now .
  • The investigation focuses on the accuracy of B. Riley’s statements concerning Franchise Group (“FRG”).
  • On Aug. 28, 2023, B. Riley announced it invested $216.5 million in an equity financing to facilitate the $2.8 billion management-led acquisition of FRG, which was completed on Aug. 21, 2023.
  • Bloomberg later reported that FRG’s CEO Brian Kahn is one of two co-conspirators and Reuters reported that Hughes named Kahn as a co-conspirator.

B. Riley (RILY) Shares Plunge Amid Write Offs and Credit Downgrades of Franchise Group - Hagens Berman

Retrieved on: 
Tuesday, November 14, 2023
Acquisition, SAN, Reuters, Person, Franchise Group, Hagens Berman, DOJ, Bloomberg, S&P, FRG, S&P Global Ratings, Life insurance, Pharmaceutical industry

SAN FRANCISCO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges B. Riley Financial, Inc. (NASDAQ: RILY) investors who suffered substantial losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges B. Riley Financial, Inc. (NASDAQ: RILY) investors who suffered substantial losses to submit your losses now .
  • The investigation focuses on the accuracy of B. Riley’s statements concerning Franchise Group (“FRG”).
  • On Aug. 28, 2023, B. Riley announced it invested $216.5 million in an equity financing to facilitate the $2.8 billion management-led acquisition of FRG, which was completed on Aug. 21, 2023.
  • Bloomberg later reported that FRG’s CEO Brian Kahn is one of two co-conspirators and Reuters reported that Hughes named Kahn as a co-conspirator.

Assured Guaranty Wraps £140 million Fixed Rate Public Bond Issue for Heathrow Airport

Retrieved on: 
Friday, November 17, 2023
Professional Services, Air, Transport, Insurance, Transportation, Finance, Travel, NYSE, Life, Crown Dependencies, AA, Prudential Regulation Authority, Financial Conduct Authority, Assured Investment Management, Prudential regulation, AGM, Risk, LP, Heathrow Airport, AGL, S&P Global Ratings, Airline, Security (finance), Life insurance, Risk management, Assurance

Assured Guaranty UK Limited (AGUK)* announced that it has guaranteed principal and interest payments on £140 million of primary wrapped bonds issued by Heathrow Airport, the UK’s largest airport.

Key Points: 
  • Assured Guaranty UK Limited (AGUK)* announced that it has guaranteed principal and interest payments on £140 million of primary wrapped bonds issued by Heathrow Airport, the UK’s largest airport.
  • There are two fixed rate tranches of wrapped bonds, a £70 million tranche due 2058 and a £70 million tranche due 2059.
  • "We are delighted to have worked alongside the Heathrow Airport team supporting the airport’s long term funding requirements by providing Assured Guaranty’s financial guarantee.
  • Both AGUK and AGM are subsidiaries of Assured Guaranty Ltd. (AGL and, together with its subsidiaries, Assured Guaranty).

Clean Power Alliance Ranked the Number One Green Power Provider in the United States by National Renewable Energy Laboratory

Retrieved on: 
Thursday, December 14, 2023
Sale, National Renewable Energy Laboratory, Acquisition, Climate change, Organization, Green Power, IOU, Paramount, Student, POU, CPA Canada, Power sharing, Wind, Community benefits agreement, City, Health, CCA, CPA, EV, NREL, Kilowatt-hour, S&P Global Ratings, ICR, Renewable energy, Retail

LOS ANGELES, Calif., Dec. 14, 2023 /PRNewswire-PRWeb/ -- Clean Power Alliance (CPA) has capped its fifth anniversary year of serving Southern California customers with a prestigious number one national ranking by the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) in the sale of green power.

Key Points: 
  • The NREL 2022 Utility Green Power Rankings, announced in fall 2023, is an annual list of top green power providers throughout the United States.
  • "Clean Power Alliance is being recognized as the nation's leading green power provider amongst all utilities.
  • The NREL report also cited CPA, the largest CCA in California, with serving the largest number of green power customers in the United States with 881,572 customers.
  • Additionally, 88% of CPA customers received more renewable energy than mandated by California's Renewable Portfolio Standard requirements in 2022.

DIFC's strategic initiatives drive Dubai's emergence as a global hub for sustainable finance fundraising, leadership, innovation and capacity building

Retrieved on: 
Sunday, December 3, 2023
Carbon, Hive, Sustainable development, Nature, Climate change, DFM, Path, Dubai International Airport, Chartered Banker Institute, Ecosystem, Future, Growth, Knowledge, Sustainable finance, Fintech, Party, Government, Memorandum of understanding, Prototype, Innovation, S&P Global Ratings, Scottish Enlightenment, Museum, Partnership, ESG Quant, COP28, Head, AED, Dubai Financial Market, Humanity, Intelligence, Museum of the Future, Catalysis, Creative industries, Renewable energy, Transport, Management, Biodiversity

DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.

Key Points: 
  • DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.
  • Sustainable Finance Catalyst set to grow sustainable finance raised from Dubai to USD100 billion by 2030.
  • Building on DIFC's position as the first global sustainable finance hub in MEASA, DIFC's Sustainable Finance Catalyst will help scale sustainable finance flows from Dubai to USD100 billion by 2030.
  • The initiatives will further position DIFC and Dubai as a global hub for sustainable finance, enable continued upskilling of top talent, and amplify action on climate finance."

DIFC's strategic initiatives drive Dubai's emergence as a global hub for sustainable finance fundraising, leadership, innovation and capacity building

Retrieved on: 
Sunday, December 3, 2023
Carbon, Hive, Sustainable development, Nature, Climate change, DFM, Path, Chartered Banker Institute, Ecosystem, Future, Growth, Knowledge, Sustainable finance, Fintech, Party, Government, Multimedia, Memorandum of understanding, Prototype, Innovation, S&P Global Ratings, Scottish Enlightenment, Museum, Partnership, ESG Quant, Dubai International Financial Centre, COP28, Head, AED, Dubai Financial Market, Humanity, Intelligence, Museum of the Future, Catalysis, Art, Creative industries, Renewable energy, Transport, Management, Biodiversity

DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.

Key Points: 
  • DIFC launches Sustainable Finance Catalyst to scale sustainable finance from Dubai enabled by first AI-driven sustainability knowledge hub.
  • Sustainable Finance Catalyst set to grow sustainable finance raised from Dubai to USD100 billion by 2030.
  • Building on DIFC's position as the first global sustainable finance hub in MEASA, DIFC's Sustainable Finance Catalyst will help scale sustainable finance flows from Dubai to USD100 billion by 2030.
  • The initiatives will further position DIFC and Dubai as a global hub for sustainable finance, enable continued upskilling of top talent, and amplify action on climate finance."

Inside information: Citycon Oyj successfully completes directed share issue in exchange for repurchasing certain of its hybrid bonds for EUR 14.7 million

Retrieved on: 
Wednesday, November 29, 2023
Annual, Transaction, NOT, Finnish Trade Register, S&P Global Ratings, Standard, PEOPLE, Heart, EUR, FOR, ISIN, Health, Share (finance), Security (finance), Bank, Citycon

HELSINKI, Nov. 29, 2023 /PRNewswire/ -- The Board of Directors of Citycon Oyj ("Citycon" or the "Company") has decided in its meeting today, 28 November 2023, by virtue of the authorization granted by the Annual General Meeting of the Company on 21 March 2023, to issue up to 2,774,398 new shares in the Company (the "Shares") to a institutional hybrid bond holder in the Company (the "Investor") in deviation of the pre-emptive subscription rights of the shareholders (the "Share Issue") in exchange for the Company repurchasing certain of its outstanding subordinated fixed to reset rate 5.25 year non-call undated green capital securities, issued on 22 November 2019 (ISIN XS2079413527, the "2024 Hybrid Bonds") from the Investor in an aggregate principal amount of EUR 17.5 million (the "Bond Repurchase", and together with the Share Issue, the "Transaction"). Pursuant to the Transaction, the subscription price for the Shares payable by the Investors to the Company is set off against the repurchase price for the 2024 Hybrid Bonds payable by the Company to the Investor.

Key Points: 
  • The Board of Directors has approved the terms and conditions of the Share Issue and the subscription made in accordance with the terms and conditions of the Share Issue.
  • The subscription price was EUR 5.30 per Share, and the aggregate subscription price for all Shares was approximately EUR 14.7 million.
  • The closing price of the Company's share in Nasdaq Helsinki on 28 November 2023 was EUR 5.24.
  • The Company will repurchase the 2024 Hybrid Bonds for an approximate aggregate price of EUR 14.7 million.

Moomoo's Parent Company Futu Holdings Announces US$338.5 M in Revenues and US$147.9 M Non-GAAP Net Income for Q3 2023

Retrieved on: 
Thursday, November 23, 2023
Transfer, The Straits Times, PALO, JPY, Acquisition, Active users, Risk management, Investment, ETF, S&P Global Ratings, Shithead (card game), Muumuu, SIAS, Macquarie University, Canadian Investor Protection Fund, ACATS, S&P, Singapore Exchange, Growth, Newcastle University, Futu, Business, OTC, TAMP, Tutoring, Cryptocurrency, Security (finance), Financial adviser, Mobile phone, Video game

PALO ALTO, Calif., Nov. 23, 2023 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or the "Company"), a leading tech-driven online brokerage and wealth management platform reported unaudited Q3 2023 earnings with US$338.5 million in revenues, up 36.2% year-over-year ("yoy"), and US$147.9 million in non-GAAP net income, a 43.7% yoy increase.

Key Points: 
  • PALO ALTO, Calif., Nov. 23, 2023 /PRNewswire/ -- Moomoo's parent company Futu Holdings Ltd. ("Futu" or the "Company"), a leading tech-driven online brokerage and wealth management platform reported unaudited Q3 2023 earnings with US$338.5 million in revenues, up 36.2% year-over-year ("yoy"), and US$147.9 million in non-GAAP net income, a 43.7% yoy increase.
  • In August, Standard & Poor's ("S&P") reaffirmed Futu's long-term issuer credit rating "BBB-", endorsing the firm's strong capital structure and effective risk management.
  • Moomoo, a leading global financial service brand of Futu, operates across the US, Singapore, Australia, Japan, Canada and beyond.
  • During the third quarter, moomoo launched US stock trading services in Japan and Canada, marking a major step in its global expansion journey.

Fosun International Wins Multiple Awards from The Asset

Retrieved on: 
Tuesday, November 21, 2023
Carbon, HSI, Social, Risk management, HSBC, TCFD, Health promotion, S&P Global, ESG, HKEX, Sustainability, Bank, Kaiyuan, Climate, Season, Mining, Goldman Sachs, Person, Newsfirst Platinum Awards, Communication, GRI, Overweight, Face, S&P Global Ratings, MSCI, Asset, Investment, FTSE Russell, Carbon neutrality, Social responsibility, Culture, Water, Sustainability Accounting Standards Board, The Bund Finance Center, Education, Citigroup, ABC Family Worldwide, Task force, Biophysical environment, Renewable energy, Management, Health, Fosun International

HONG KONG, Nov. 20, 2023 /PRNewswire/ -- On the evening of 10 November 2023, The Asset, a renowned Asian financial magazine, held "The Asset ESG Corporate Awards 2023" awards ceremony at the Four Seasons Hotel Singapore. Fosun International Limited ("Fosun International" or the "Company") (HKEX stock code: 00656) was awarded "The Asset ESG Corporate Awards 2023 – Platinum Award", "Best Sustainability Team" and "Best Investor Relations Team" by the magazine. In addition, Hainan Mining, a subsidiary of Fosun, won the "Best Initiative in Environmental Responsibility" for its outstanding initiative in environmental protection.

Key Points: 
  • Fosun International Limited ("Fosun International" or the "Company") (HKEX stock code: 00656) was awarded "The Asset ESG Corporate Awards 2023 – Platinum Award", "Best Sustainability Team" and "Best Investor Relations Team" by the magazine.
  • Organized by The Asset, "The Asset ESG Corporate Awards" has been running for many years and is one of the leading environmental, social and governance (ESG) awards in the Asia-Pacific region.
  • Fosun International received an AA MSCI ESG rating and was the only conglomerate in Greater China with such rating.
  • Fosun International was included in S&P Global's Sustainability Yearbook 2023 (China Edition) and recognized as an "Industry Mover" by S&P Global.

EQS-News: Hannover Re expects Group net income of at least EUR 2.1 billion for 2024 and sets out financial ambition for 2024-2026 strategy cycle

Retrieved on: 
Thursday, December 14, 2023
Climate change, Risk assessment, S&P Global Ratings, EUR, Acceleration, Life, Hannover Re, Growth, Insurance, Property, EBIT, Policy, Automation, Reinsurance

For the 2024 financial year Hannover Re anticipates Group net income of at least EUR 2.1 billion and hence an increase of 24% compared to the earnings guidance for 2023.

Key Points: 
  • For the 2024 financial year Hannover Re anticipates Group net income of at least EUR 2.1 billion and hence an increase of 24% compared to the earnings guidance for 2023.
  • Hannover Re anticipates a combined ratio below 89% in the Property & Casualty reinsurance business group in 2024 owing to the improved market environment.
  • In the Life & Health reinsurance business group Hannover Re expects a reinsurance service result of more than EUR 850 million.
  • Established in 1966, the Hannover Re Group today has a network of more than 170 subsidiaries, branches and representative offices worldwide.