1Q2022 profit before tax of €668 million; CET1 ratio remains robust at 14.9% • Income strong with robust net interest income and continued increase in fee income • Operating expenses under control, lower than a year ago and sequentially • Retail Banking result 20% higher than in 1Q2021 on lower… Read More »
We anticipate Leonardo’s credit metrics and FOCF will improve over 2022-2023 to levels commensurate with an investment-grade profile. After a challenging 2020, when the pandemic weighed on Leonardo’s profitability and credit metrics, Leonardo’s credit metrics started to recover slowly, sustained by its defense and governmental business. In 2021, adjusted FFO… Read More »
The European Fund and Asset Management Association (EFAMA) has today published its latest monthly Investment Fund Industry Fact Sheet, provides net sales data on UCITS and AIFs for February 2022, at European level and by country of fund domiciliation. Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented: “Concerns… Read More »
Generali announces the appointment of Fabio Cleva as Head of Investor and Rating Agency Relations, as of today, directly reporting to the Group CFO, Cristiano Borean. Giulia Raffo is appointed as Chief Financial Officer of Country Italy & Global Business Lines and Chief Financial Officer of Generali Italia. Fabio Cleva… Read More »
The ordinary and extraordinary Annual General Meeting (“AGM”) of Assicurazioni Generali S.p.A. was held today under the chairmanship of Gabriele Galateri di Genola. The AGM has approved the financial statements for the year 2021, as disclosed to the public, which closed with a net result of € 1,847 million, and… Read More »
Andrea Sironi stated: “It is an honour for me to be elected as candidate Chairman of Assicurazioni Generali, a group with a great history that has always played a role of absolute importance in the economic and financial system of Italy and Europe. I would like to express my personal… Read More »
S&P Global Ratings today took the rating actions listed above. Plenitude has leading power and gas retail positioning in Italy but will be short in power generation until 2025. The group lacks significant scale and diversification, although it benefits from an existing solid competitive advantage thanks to its Italian market… Read More »
Canopius Group, a leading global specialty (re)insurer, today announces the appointment of Claire Wallace as Head of Marine Treaty, effective immediately. Based in London and reporting to Canopius’s Head of Specialty Reinsurance Chris Gray, Claire will be responsible for leading a team of global underwriters writing marine and energy treaty reinsurance.… Read More »
Elon Musk’s proposed takeover of Twitter would cause leverage to spike significantly above the 1.5x downgrade threshold associated with the ‘BB+’ issuer credit rating. The proposed transaction includes $13 billion in new debt financing issued by the company and a $12.5 billion margin loan against $62.5 billion of Tesla Inc.… Read More »
Building on a £142K pre-seed round the UK startup raised £113K from one of the country’s largest early-stage investors, innovation-focused SFC Capital. A year on from the platform’s official launch, the sustainability startup Greener successfully closed their bridge round with £113,000 of venture capital funding. As the team works to put sustainability… Read More »