Shareholders
How a Heavy Metal drummer just made Elon Musk lose $56 Billion
Richard Tornetta, who drummed for the thrash band Dawn of Correction circa 2005 to 2009, filed the lawsuit against Musk as part of a shareholder derivative lawsuit
Euro at 25: The value of unity in a changing world
The case for Europe has always rested on solving problems that countries could not address alone. After the Second World War, visionary leaders understood that the only way to secure peace on our continent was to unite our economies. And a united Europe would, in time, require a single currency to make the most of the economic benefits created by this peace dividend.
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Banks on investors’ radars
Greek banks have long been on the market's radar following their turnaround with a return to profitability, an impressive boost to earnings from the ECB's rate hikes, a significant decline in NPE ratios and management estimates for dividend distribution after many years.
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Banks seek to boost capital
Greece's four biggest banks - Alpha, Eurobank, National and Piraeus - aim to boost their capital, even after accounting for the dividend they distribute over the next three years, and reduce their tax debt.
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Jumbo sees €0.322 dividend from 2022 profits
Jumbo Group on Wednesday said it will seek shareholder approval for a plan to pay a 0.322-euro dividend per share from its 2022 profits.
Jumbo paid a €1.155 dividend per share in 2022 in the form of extraordinary cash distributions and paid another €1.155 per share extraordinary cash distribution in March 2023.
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Sweden’s SBB property firm mulls sale as sector struggles
Sweden's troubled real estate group SBB said Monday it may sell assets or the entire company as the country's property sector struggles in the face of rising interest rates.
SBB reported a loss of 2.9 billion kronor ($360 million) in the first quarter as housing prices fell in Sweden after the central bank raised borrowing costs to battle high inflation.
An ‘important milestone’ for Bank of Cyprus
The Bank of Cyprus is proceeding with a dividend payment after 12 years, after receiving the green light from the European Central Bank.
According to an announcement, the BoC Holdings board of directors will propose the payment of a final dividend of 0.05 euros per share from the profits of 2022 to shareholders at the annual general meeting, to be held on May 26.
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Motor Oil sees earnings jump in 2022
Athens-listed Motor Oil Group on Tuesday reported significant growth in its 2022 results, with turnover rising by 61.9% to 16.6 billion euros from €10.2 billion in 2021.
Operating earnings soared 308% to €1.39 billion from €341 million in 2021 and pre-tax earnings jumped to €1.55 billion from €258 million.
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Alpha Bank eyes 25% increase in profits
The management of Alpha Bank is aiming for a 25% increase in profitability in 2023, focusing on paying a dividend to its shareholders in combination with strengthening its capital base and further reducing the nonperforming loan ratio below 7%.
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Sava Re shareholders to get EUR 1.50 dividend
Ljubljana – The shareholders of insurance company Sava Re approved the proposal of the management and supervisory boards to distribute EUR 23.3 million from last year’s distributable profit of EUR 37.05 million for dividends. The dividend will amount to EUR 1.50 gross per share, and the rest of the distributable profit will remain unallocated.
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