Benelux

Here are some company news and stories that could impact the markets in France and Benelux. EIFFAGE, a France-based construction company, published its H1 net income group shares at EUR 308 millions and confirmed their 2025 outlook. ID LOGISTICS, a French provider of logistics and transportation services, reported underlying EBITDA at EUR 267 millions for H1. RAMSAY SANTÉ: The company reported a net loss of EUR 54,1 million for the FY. RENAULT/STELLANTIS: Data from the European Automobile Manufacturers Association showed that new car sales in Europe increased 5.9% in July, as an increase in Germany offset declines in Britain, France,...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Lisi SA Lisi SA, a French-based company, announced on Wednesday that SK Capital had entered exclusive negotiations to acquire the medical division of lisi. Tonnellerie Francois Freres SA TFF Group said on Wednesday that it anticipates a further decline in business for 2025/2026 and added that profitability will be under pressure. Warehouses de Pauw NV WDP announced on Wednesday that it had completed the sale and leaseback of a distribution centre to ID Logistics. Legrand SA Legrand, a French group...

Worldline, a French payment company, has announced that it has hired Accuracy as an auditing firm to evaluate its remaining merchant portfolio for risky activity. A group of 21 European news outlets claimed last month that Worldline covered-up client fraud in order to protect its revenue. Last week, Belgian prosecutors announced that they had launched an investigation into possible money laundering activities within its Belgian division. Worldline responded to media reports by stating that it has strengthened merchant risk control since 2023 and terminated client relationships with non-compliant clients. The group announced that in addition to the hiring of Accuracy,...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Airbus Airbus signed a letter with DRF Luftrettung on Wednesday for the purchase 10 H140 helicopters. The New York State Police also placed an order for an Airbus H160, three H145 helicopters and signed a contract with Omni to buy three H160 helicopters. Lotus Bakeries Lotus Bakeries announced Wednesday that it will expand its partnership with Mondelez International into the Ice Cream category. ID Logistics ID Logistics released its annual results for 2024 on Wednesday. Pluxee Pluxee launched its first...

Below are companyrelated news and stories from France and Benelux which might have an impact on the region's markets or private stocks. PLANE: Plane said it delivered 361 helicopter in 2024 with a continued development in sales throughout the year. CRÉDIT AGRICOLE: Crédit agricole Personal Financing & & Mobility got 50% of GAC Finance Leasing Co. in China FRENCH POLITICS/ELON MUSK: Elon Musk, the billionaire owner of social networks network X. and a close ally of U.S. President Donald Trump, presents a hazard. to democracies, French Prime Minister Francois Bayrou said on. Monday. GAZTRANSPORT ET TECHNIGAZ:. French engineering business GTT...

Below are companyrelated news and stories from France and Benelux which could have an influence on the area's markets or specific stocks. CARREFOUR: Food retailer Carrefour Brasil has consented to offer 15 properties to a property fund for 725 million reais ($ 127.4 million), it said on Tuesday. COVIVIO: The French realty company published on Tuesday an boost in its profits group share at 509 million euros at end of September. ECB/VILLEROY: The European Reserve bank might undershoot its inflation target, particularly if growth remains slow, and the bank might then be at danger of acting too late in loosening...

Allegro, Poland's biggest e-commerce site, announced on Monday that it has signed a new contract with courier DPD to deliver parcels through the company's delivery service. Allegro is scaling and diversifying its logistics. Why it's important Allegro has taken steps to reduce its delivery costs. For example, it increased the merchant co-financing through its loyalty program and developed its own logistic muscle. KEY QUOTES Allegro stated in a filing that the agreement was part of its ongoing efforts to diversify and scale up the Allegro Delivery program by increasing cooperation with its logistic partners. By the Numbers Allegro stated that...

Allegro, the CEO of Polish ecommerce company Allegro, denied on Friday that Allegro was at odds with any of its business partners despite its relationship deteriorating with delivery partner InPost. When asked by reporters about InPost, Allegro CEO Marcin Kusmierz said: "We don't believe that we are in any dispute or business with any entity." InPost's shares dropped around 13% after the company reported a slower volume growth in Poland. The shares of InPost have lost over a third in value this year, but they were up by 9% as of 1340 GMT. Allegro shares were up about 2%. InPost,...

Allegro, the CEO of Polish ecommerce company Allegro, denied on Friday that Allegro was in dispute with its partners despite its relationship with InPost deteriorating in recent months. When asked by reporters about InPost, Allegro CEO Marcin Kusmierz said: "We don't believe that we are in any disputes or business with any entity." At 0945 GMT, InPost shares rose 4.8% after falling around 13% Tuesday, when it reported slower volume growth in Poland. Allegro shares were up 2.6%. Allegro has recently been sued by InPost for breaching their long-term agreement. According to JPMorgan, Allegro gets 30% of InPost's Polish revenues....

Northvolt's new owner Lyten announced on Thursday that it has appointed the former chief operating officer (COO) of the bankrupt Swedish company as the CEO of Lyten Sweden and recruited several other former executives from the failed company. Last month, the Silicon Valley startup Lyten announced that it had acquired Northvolt’s assets. This was a major development for future European battery production of electric vehicles. Matthias Arleth is the new CEO of Lyten Sweden. He joined Northvolt last July, shortly after reports of problems began to surface. Lyten announced that Sami Haikala will return to his former position as the...

InPost, a Polish parcel locker firm, reported on Tuesday a 12.6% increase in earnings for the second quarter. This was due to volume growth both in Poland and abroad. The adjusted earnings before tax, depreciation, and amortization (EBITDA), which is the profit before interest, taxes, depreciation, and amortisation, were 999.5 millions zlotys in the third quarter, as compared to the 887.3 in the previous period. InPost operates in nine countries, including Poland. It is known for its automated package machines, or APMs. These allow customers to pick up or drop off their packages whenever they choose. The company confirmed its...

InPost, a Polish company, announced on Monday that it will buy a majority stake in Bloq.it's parcel locker network along with over 20,000 locker units in order to enhance its last-mile service in Europe. Why it's important InPost has established a dominant position on its native market of Poland, and has increased its international expansion in recent years. Bloq.it follows the acquisitions of Spanish courier company Sending and Yodel, both in Britain. KEY QUOTES In a press release, InPost CEO Rafal Brzoska stated that "our strategic investment in Bloq.it will have a positive effect on our growth trajectory as well...

Austrian Post joined other European postal service groups on Thursday in stopping the standard parcel shipment to the United States, as U.S. Customs Services are planning to charge duties for packages of low value. In a press release, the Austrian state-controlled company said that it will no longer accept consignments of standard parcels bound for the United States as of next Tuesday. The U.S. administration of Donald Trump announced last month that it would suspend global "de minimis", which allows minimal paperwork for international shipments below $800, with effect August 29. This week, there were several postal strikes. The following...

The bankruptcy of Northvolt will result in a large loss of funds for many of its creditors, said the process trustee on Friday. He added that the sale of Northvolt to the U.S. startup Lyten was a major achievement. Northvolt's unsecured creditor list includes its biggest shareholders Goldman Sachs, and Volkswagen, whose brands Scania Porsche and Audi had been customers of the battery manufacturer. Lyten, backed by Jeep owner Stellantis, and FedEx delivery service, announced on Thursday that it would purchase the majority of Northvolt. This move offers a chance for the European firm to regain its former prominence as...

Bpost, the Belgian postal operator, beat expectations for quarterly profits on Friday. The acquisition of Staci last year was a major boost. Bpost also said that it expects its operating earnings will reach the upper range of its guidance in 2025. In February, it forecast earnings before interest and tax (EBIT), which ranged between $175 million and $200 million. This was reaffirmed in June despite the two-week strike in the first quarter that affected results. Bpost's adjusted earnings per share (EBIT) rose by 1% in the second quarter to 58.3 millions euros ($68.3 million), boosted by contributions from Staci, a...

Lyten, a U.S.-based battery startup, has agreed to purchase the majority of the bankrupt Swedish company Northvolt. The announcement was made on Thursday. This could be a chance for Europe's once leading battery manufacturer to regain its former prominence. Lyten, an Silicon Valley startup that develops lithium-sulphur batteries as a cleaner option to lithium-ion cells, is backed both by Jeep owner Stellantis, and U.S. Delivery Services provider FedEx. The deal brings back hope for European battery independence. Northvolt, the continent's possible rival to major Chinese electric car battery makers, filed for bankruptcy in march, becoming one of Sweden's biggest corporate...

InPost, a parcel locker company, has announced that it has acquired Spanish delivery firm Sending in order to expand its presence on the Iberian Peninsula. It will also integrate the 24-hour delivery service provided by Sending. Why it's important InPost has gained traction in other countries after establishing a stronghold on its native market, Poland. Sending is the latest in a strategy of pan-European growth, which began with the acquisition of Yodel earlier this year. By the Numbers InPost, at the end of its second quarter, had 3,000 automated package machines (APMs) and 9,000 pickup and drop-off locations in Spain...

Bookrunners reported on Tuesday that a company controlled by Advent International, a private equity firm, had offered institutional investors an approximately 3.5% stake in the parcel locker firm InPost. AI Prime & Cy S.C.A., a company owned by Advent. InPost offered 17.5 millions shares through an accelerated placement at 13.25 euros per share. This represents a discount by 6% from Monday's closing prices of 14.1 euro in Amsterdam. The bookrunner stated that once the placement is completed, AI Prime will hold a stake of around 6,5% in InPost. In September 2024, the company sold a 4% stake to InPost at...