Money

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 .

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.

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.

Revolut launches US-Mexico remittance corridor, enabling expats to easily send money back home

Thursday, July 29, 2021 - 10:00am

With this launch, Revolut customers in the US and Mexico can now easily transfer money between one another without any hidden fees, at the real exchange rate.

Key Points: 
  • With this launch, Revolut customers in the US and Mexico can now easily transfer money between one another without any hidden fees, at the real exchange rate.
  • Revolut's timely launch of this remittance corridor will enable customers to easily make cross-border payments between the US and Mexico at a time when cross-border peer-to-peer payments are reaching peak levels.
  • Revolut designed its money transfer features with ease-of-use and transparency in mind to afford its customers full visibility into where their money is going and when.
  • ABOUT REVOLUT - one app, all things money
    Revolut is building the world's first truly global financial superapp to help people get more from their money.

EQS-News: Patrimonium Private Equity Fund invests in Octo Actuators

Thursday, July 29, 2021 - 10:01am

Zrich, July 29, 2021 - Patrimonium Private Equity invests in Octo Actuators, a fast growing leader in the sector of integrated drive systems for the bed and furniture industry.

Key Points: 
  • Zrich, July 29, 2021 - Patrimonium Private Equity invests in Octo Actuators, a fast growing leader in the sector of integrated drive systems for the bed and furniture industry.
  • Patrimonium Private Equity is taking a stake in the group's Swiss holding company and will support future growth through capital increases.
  • www.octo-actuators.de
    Patrimonium Private Equity Advisors AG ("Patrimonium Private Equity") advises the Patrimonium Private Equity Fund SCSp and is a part of Patrimonium Asset Management AG (Patrimonium).
  • Patrimonium is a Swiss private markets investment manager operating across the real estate, private debt, private equity and infrastructure asset classes.

Darwinex: UK-based FinTech Darwinex Secures €3 Million In Growth Funding

Thursday, July 29, 2021 - 9:01am

The Fintech, broker and asset management company Darwinex has raised 3 million to pursue its ambitious growth aspirations.

Key Points: 
  • The Fintech, broker and asset management company Darwinex has raised 3 million to pursue its ambitious growth aspirations.
  • Pinorena Capital, a fintech-focused investment company led by entrepreneur Illimar Mattus, has contributed with this first investment to supporting Darwinex expansion journey.
  • Darwinex is regulated by the FCA in the UK (Tradeslide Trading TechLimited - FRN 586466) and its latest financial figures show revenue for the financial year 2020 jumping by 72%, exceeding 4.69 million.
  • Darwinex unique front-to-back Fintech solution enables successful traders and small to medium-sized hedge funds to easily convert its trading strategies into investable assets.