Finance

RBC Wealth Management-U.S. Accelerates Digital Transformation with Selection of New Broadridge Platform

Thursday, July 29, 2021 - 11:30am

MINNEAPOLIS and NEW YORK, July29, 2021 /PRNewswire/ -- RBC Wealth Management-U.S. (RBCWM) and Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, announced today that RBCWM will utilize the Broadridge Wealth Management Platform to power its growing U.S. business.

Key Points: 
  • MINNEAPOLIS and NEW YORK, July29, 2021 /PRNewswire/ -- RBC Wealth Management-U.S. (RBCWM) and Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, announced today that RBCWM will utilize the Broadridge Wealth Management Platform to power its growing U.S. business.
  • Broadridge's next-generation Wealth Management Platform is an open, industry-level platform offering an integrated and modern front-to-back-office solution, leveraging best-in-class technology.
  • "We are excited to have RBC Wealth Management-U.S. join our industry leading wealth platform to optimize productivity for advisors, create richer experiences for clients, and digitize enterprise-wide operations," said Tim Gokey, CEO of Broadridge.
  • RBC Wealth Management has $500 billion in total client assets with more than 2,000 financial advisors operating in 180 locations in 42 states.

Realtor.com® Investor Report: Top Markets Where Investors Are Impacting the Inventory Crunch

Thursday, July 29, 2021 - 11:00am

In this report, areas where investors are contributing inventory refers to places where investors are selling more homes than they are buying.

Key Points: 
  • In this report, areas where investors are contributing inventory refers to places where investors are selling more homes than they are buying.
  • Places where investors are taking away inventory are locales where investors are buying more homes than they sell.
  • When home prices are rising and rents are more stagnant, investors are more likely to sell off properties and contribute inventory.
  • These markets have relatively more homes available, at 3.7 properties for every 1,000 residences versus 2.8 in markets where investors are adding to inventory.

QIWI to Announce Second Quarter 2021 Financial Results on August 19, 2021

Thursday, July 29, 2021 - 10:30am

NICOSIA, Cyprus, July 29, 2021 (GLOBE NEWSWIRE) -- QIWI plc, (NASDAQ: QIWI) (MOEX: QIWI) (QIWI or the Company), a leading provider of next generation payment and financial services in Russia and the CIS, today announced that it will host a conference call and webcast on Thursday, August 19, 2021 at 8:30 a.m.

Key Points: 
  • NICOSIA, Cyprus, July 29, 2021 (GLOBE NEWSWIRE) -- QIWI plc, (NASDAQ: QIWI) (MOEX: QIWI) (QIWI or the Company), a leading provider of next generation payment and financial services in Russia and the CIS, today announced that it will host a conference call and webcast on Thursday, August 19, 2021 at 8:30 a.m.
  • ET to review the second quarter 2021 financial results.
  • A press release with the second quarter 2021 financial results will be issued before the market opens on Thursday, August 19, 2021.
  • QIWI is a leading provider of next generation payment and financial services in Russia and the CIS.

Cenovus Generates $1.8 Billion in Adjusted Funds Flow in Q2 2021

Thursday, July 29, 2021 - 11:00am

CALGARY, Alberta, July 29, 2021 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) continues to demonstrate the strengths of the company’s integrated portfolio in its second quarter results, generating cash from operating activities of $1.4 billion, adjusted funds flow of $1.8 billion and free funds flow of $1.3 billion, supporting a reduction in net debt of nearly $1 billion since March 31, 2021. Total production of nearly 770,000 barrels of oil equivalent per day (BOE/d) despite planned turnarounds at several assets, and strong realized commodity prices in the upstream business along with continued recovery of demand for U.S. downstream products drove Cenovus’s strong financial performance, which the company expects will continue through the rest of the year.

Key Points: 
  • 2 Adjusted funds flow, free funds flow and net debt are non-GAAP measures.
  • Adjusted funds flow of $1.8 billion included the impact of integration costs incurred in the quarter.
  • Free funds flow of $1.3 billion included capital investment in the quarter of $534 million.
  • See the Guidance document for more detail, including royalties, cash taxes and adjusted funds flow sensitivities, at cenovus.com .

Fortis Inc. Releases 2021 Sustainability Update and Announces Support for the Task Force on Climate-Related Financial Disclosures

Thursday, July 29, 2021 - 10:30am

ST. JOHN'S, Newfoundland and Labrador, July 29, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has released its 2021 Sustainability Update.

Key Points: 
  • ST. JOHN'S, Newfoundland and Labrador, July 29, 2021 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS) has released its 2021 Sustainability Update.
  • The report includes information on the Corporation's progress to reduce emissions, updated sustainability key performance indicators and an announcement that Fortis is a supporter of the Task Force on Climate-Related Financial Disclosures ("TCFD").
  • Notably, Fortis achieved a 15% reduction in Scope 1 emissions, equivalent to taking 400,000 vehicles off the road in one year.
  • Fortis disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

LKQ Corporation Announces $1 Billion Increase in Stock Repurchase Program; total authorized now $2 Billion through October 2024

Thursday, July 29, 2021 - 10:57am

Since initiating the stock repurchase plan in October 2018, 25.0 million shares have been repurchased for a total consideration of $830 million through June 30, 2021.

Key Points: 
  • Since initiating the stock repurchase plan in October 2018, 25.0 million shares have been repurchased for a total consideration of $830 million through June 30, 2021.
  • Under the repurchase program, the Company is authorized to repurchase shares in the open market as well as in privately negotiated transactions.
  • The repurchase program will be effected in compliance with SEC Rule 10b-18 and other applicable legal requirements.
  • LKQ Corporation (www.lkqcorp.com) is a leading provider of alternative and specialty parts to repair and accessorize automobiles and other vehicles.

Superconductor Technologies Urges Stockholders to Vote in Favor of Merger and Related Proposals for Special Meeting to be Held on August 10

Thursday, July 29, 2021 - 10:30am

AUSTIN, Texas, July 29, 2021 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc.(STI) (OTCQB: SCON), today reminds investors that the special meeting of stockholders will be held on August 10, 2021, and urges stockholders to vote in favor of the merger and related proposals.

Key Points: 
  • AUSTIN, Texas, July 29, 2021 (GLOBE NEWSWIRE) -- Superconductor Technologies Inc.(STI) (OTCQB: SCON), today reminds investors that the special meeting of stockholders will be held on August 10, 2021, and urges stockholders to vote in favor of the merger and related proposals.
  • The proposals are conditioned upon one another and all proposals must be approved for the merger to be consummated.
  • If you do not vote, your non-vote will have the same effect as a vote against the proposals.
  • Please note that if your shares are held at a brokerage firm or bank, your broker will not vote your shares for you.

Fitch Ventures Leads $6m Investment Into Diginex

Thursday, July 29, 2021 - 10:01am

Diginex , the disruptive impact technology company helping to solve the worlds most pressing ESG and sustainability challenges, has closed a $6m Series A round led by Fitch Ventures , the equity investment arm of Fitch Group, bringing the total amount raised to over $8m.

Key Points: 
  • Diginex , the disruptive impact technology company helping to solve the worlds most pressing ESG and sustainability challenges, has closed a $6m Series A round led by Fitch Ventures , the equity investment arm of Fitch Group, bringing the total amount raised to over $8m.
  • Shea Wallon, Managing Director at Fitch Ventures said, Fitch is the only credit rating agency with a comprehensive, systematic & credit-focused approach showing how ESG factors affect credit ratings.
  • Miles Pelham, Founder and Chairman of Diginex added, We are delighted to have Fitch Ventures partner with us as Diginex continues to grow, sharing our vision to make ESG reporting effortless as it moves into the mainstream.
  • Fitch Ventures is the equity investment arm of Fitch Group, a global leader in financial information services with operations in more than 30 countries.

Grab Announces Investor Webcast to Present Q1 2021 Results

Thursday, July 29, 2021 - 11:00am

Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone, and since then, the Grab app has been downloaded onto millions of mobile devices.

Key Points: 
  • Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone, and since then, the Grab app has been downloaded onto millions of mobile devices.
  • Grab strives to serve a double bottom line: to simultaneously deliver financial performance for its shareholders and a positive social impact in Southeast Asia.
  • The announced financial results conference call may include forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between Grab Holdings Inc. (Grab), Grab Holdings Limited (PubCo) and Altimeter Growth Corp. (AGC).
  • If any of the risks materialize or AGCs or Grabs assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements.

H.I.G. Growth Partners Leads $50 Million in Series D Funding for Suzy

Thursday, July 29, 2021 - 11:00am

Capital, is pleased to announce its growth investment in Suzy, Inc. (Suzy or the Company), a leading, rapidly growing market research software platform.

Key Points: 
  • Capital, is pleased to announce its growth investment in Suzy, Inc. (Suzy or the Company), a leading, rapidly growing market research software platform.
  • The $50 million growth financing is a Series D equity round led by H.I.G., with additional participation from existing investors, including Foundry Group, Rho Ventures, Bertelsmann Digital Media Investments and Triangle Peak Partners.
  • Suzy has raised $100 million in venture capital funding from investors that include Bertelsmann Digital Media Investments, Foundry Group, H.I.G.
  • Growth Partners, Tribeca Venture Partners, Triangle Peak Partners, and Kevin Durants 35 Ventures.