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Visit One News Page for Italy news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Italy news headlines.

older | 1 | .... | 1025 | 1026 | (Page 1027) | 1028 | 1029 | .... | 1077 | newer

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    A long drive 'home' for Armagh family's 1964 Ford An Armagh family have completed a four-year labour of love by driving their restored 1964 Ford Cortina through Europe to the town in Italy the car was named after and back again. Reported by Belfast Telegraph 2 hours ago.

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    In forex today, Asia markets were stifled by a wipe of holiday markets across Australia, China, and Hong Kong, leaving early markets with thin volumes as traders await the rest of the globe to wake up to Monday headlines.

    *Next step of NAFTA completed **as** agreement gets a facelift (in name only)*

    The big mover for the Asian market session was the USD/CAD, which gapped open at the market's outset after trade talks between the US and Canada continued around the clock over the weekend, and a last-minute framework of an agreement has been reached by both countries, and US President Donald Trump is set to sign the new trilateral trade agreement, now called USMCA, by the end of November.

    EUR/USD: On the defensive after bearish outside week reversal, focus on Italy news

    Italy is dominating EU-centric headlines for the time being after the Italian government decided to snub EU deficit limits, and traders will be keeping an eye out for continued shakeout from Italian politicians, with the early part of the week set with a hectic but minimally-impactful economic calendar.

    GBP/USD holding above 1.30, for now

    Brexit headlines continued to cross the wires over the weekend and into the new trading week, but little momentum is seen on trade talks between the UK's Prime Minister Theresa May and European Union leaders in Brussels, while hard-line Brexiteers in PM May's own Conservative party continue to threaten to vote down any trade plan the PM manages to achieve with stoic EU leaders giving little quarter in talks, and uncertainty that the UK may face a hard Brexit afterall are back on the rise.

    *Key notes** from the Asia session*

    Breaking News: Trump has approved framework deal with Canada to update NAFTA - Source familiar with decision

    ECB's Coeure: policy normalization will be gradual

    USD/CAD Technical Analysis: Off 4.5-month low, the pair is respecting oversold 1H RSI Reported by FXstreet.com 3 hours ago.

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    Argento recalls sexual encounter with Jimmy Bennett ROME: Italian actress Asia Argento, who became a leading figure in the #MeToo movement after accusing powerful Hollywood producer Harvey Weinstein of rape, admitted she had sex with young actor Jimmy Bennett, who claimed she sexually assaulted him as a teenager. During a television show in Italy on Sunday Argento, who had initially denied having sex with Bennett, recounted her relationship with the actor. Argento, who played his troubled mother in the 2004 film "The Heart Is Deceitful Above All Things," saw him again in May 2013, when he was 17 and she was 37. According to Bennett´s account of the encounter he gave in a September 24 interview on Italian television, Argento kissed him... Reported by WorldNews 2 hours ago.

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    · *The pair appears depressed below the 1.1600 handle on Monday.*
    · *The greenback manages to trade in session lows near 95.30.*
    · *Final September’s PMIs next on tap in Euroland, ISM next in US docket.*

    The demand for the single currency remains subdued at the beginning of the week and is now taking *EUR/USD* to the 1.1590/80 band ahead of the opening bell in the Old Continent.

    *EUR/USD looks to data, Italy*

    Uncertainty around the Italian fiscal sector after the recently announced 2.4% budget deficit continues to weigh on investors’ sentiment today, keeping the shared currency under further pressure and forcing spot to post its fourth session with losses in a row.

    Adding to the downbeat sentiment, Italy’s debt sustainability is now under the microscope and could trigger some revisions from credit-rating agencies.

    On the other side of the equation, the greenback keeps the bid tone and is looking to consolidate the recent breakout of the 95.00 handle following the Fed’s move on rates and a pick up in US yields.

    In the data space, final manufacturing PMIs for the month of September are due later in Euroland ahead of the US ISM Manufacturing index. Earlier in the morning, German Retail Sales contracted 0.1% during August, missing consensus.

    *EUR/USD levels to watch*

    At the moment, the pair is losing 0.09% at 1.1592 and a breakdown of 1.1567 (low Sep.28) would target 1.1526 (low Sep. 10) en route to 1.1508 (low May 29). On the flip side, the next up barrier aligns at 1.1815 (high Sep.24) seconded by 1.1853 (monthly high Jun.14) and finally 1.1942 (200-day SMA). Reported by FXstreet.com 2 hours ago.

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    Senior Analyst at Danske Bank Piet Christiansen assessed the current developments around the pair.

    *Key Quotes*

    “EUR is now awaiting further budget details from Italy and responses from the EU and rating agencies, and there is a clear risk that the Italy discount on EUR could expand near term”.

    “Coupled with the carry lure of the USD, we expect *EUR/USD* to test the lower end of recent ranges and dip below 1.15 over a 1M horizon. Separately, we note that on Friday the IMF’s quarterly COFER release showed another drop in the share of USD in global reserves, as the reserve currency status of USD is being challenged behind the scenes, partly due to Trump’s ‘America first’ agenda”.

    “A slow-moving process but nevertheless one that contributes to shifting the safe-haven properties of USD”.

      Reported by FXstreet.com 2 hours ago.

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    Contact:

    International Administration Group (Guernsey) Limited

    Company Administrator
    Attn:  Mark Woodall

    Tel:  +44 1481 723450                                                              

    *Share Buyback Programme: Transactions in Week Eight*Guernsey, 1 October 2018 – Eurocastle Investment Limited (“Eurocastle” or the “Company”) today announces that between 24 September 2018 and 28 September 2018, as part of the previously announced buyback programme entered into with Liberum Capital Limited (acting as the Company's broker), it bought back 19,369 of its ordinary shares at an average price of €6.78 per ordinary share. These purchases were made pursuant to the authority granted at its Annual General Meeting on 20 June 2018. The purchased shares will all be held as treasury shares.

    The purpose of the share buyback programme is to reduce the share capital of the Company and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the buyback programme:

    *Accumulated, most recent announcement* *Platform code* *Volume* *Volume Weighted Average Price * *Gross Value (€)*
    24/09/2018 BATE 62 6.82 423
      XLON 1,373 6.87 9,428
      CHIX 233 6.85 1,596
      TRQX 496 6.86 3,403
    * * *Total* *2,164* *6.86* *14,850*
             
    25/09/2018 BATE 128 6.80 870
      XLON 2,586 6.80 17,597
      CHIX 278 6.80 1,890
      TRQX 1,227 6.80 8,339
    * * *Total* *4,219* *6.80* *28,697*
             
    26/09/2018 BATE 128 6.80 870
      XLON 3,024 6.80 20,554
      CHIX 302 6.80 2,054
      TRQX 622 6.80 4,227
    * * *Total* *4,076* *6.80* *27,705*
             
    27/09/2018 BATE 128 6.76 865
      XLON 3100 6.80 21,065
      CHIX 388 6.76 2,623
      TRQX 398 6.79 2,704
    * * *Total* *4,014* *6.79* *27,257*
             
    28/09/2018 BATE 127 6.80 864
      XLON 4,397 6.69 29,424
      CHIX 372 6.80 2,530
      TRQX      
      *Total* *4,896* *6.70* *32,817*

    Following the above transactions:

    · The total number of ordinary shares of the Company in issue is 66,121,054

    · The total number of ordinary shares held by Eurocastle in treasury is 18,521,405 (equal to 28.0% of the Company’s share capital)

    · The total number of voting rights exercisable by holders of ordinary shares of the Company is 47,599,649, as voting rights of shares held in treasury are suspended.
    *ABOUT EUROCASTLE*

    Eurocastle Investment Limited is a publicly traded closed-ended investment company that focuses on investing in performing and non-performing loans and other real estate related assets primarily in Italy. The Company is Euro denominated and is listed on Euronext Amsterdam under the symbol “ECT”. Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a leading global investment manager. For more information regarding Eurocastle Investment Limited and to be added to our email distribution list, please visit www.eurocastleinv.com.Set out below are all trades completed between 24 September 2018 and 28 September 2018:  *Platform code* *Volume* *Price* *Gross Value (€)*
    24/09/2018 XLON 485 6.88 3,336.80
      BATE 62 6.82 422.84
      CHIX 58 6.82 395.56
      XLON 66 6.86 452.76
      XLON 73 6.86 500.78
      XLON 602 6.86 4,129.72
      TRQX 432 6.86 2,963.52
      CHIX 106 6.86 727.16
      CHIX 69 6.86 473.34
      XLON 147 6.86 1,008.42
      TRQX 64 6.86 439.04
      *Total* *2,164* *6.86* *14,849.94*
             
    25/09/2018 XLON 471 6.82 3,212.22
      XLON 443 6.82 3,021.26
      XLON 405 6.82 2,762.10
      XLON 152 6.82 1,036.64
      TRQX 500 6.82 3,410.00
      XLON 413 6.82 2,816.66
      CHIX 278 6.80 1,890.40
      BATE 128 6.80 870.40
      XLON 151 6.80 1,026.80
      XLON 127 6.80 863.60
      TRQX 657 6.78 4,454.46
      TRQX 70 6.78 474.60
      XLON 407 6.74 2,743.18
      XLON 17 6.74 114.58
    * * *Total* *4,219* *6.80* *28,696.90*
             
    26/09/2018 TRQX 147 6.84  1,005.48
      XLON 482 6.80  3,277.60
      CHIX 100 6.80  680.00
      CHIX 128 6.80  870.40
      CHIX 74 6.80  503.20
      BATE 128 6.80  870.40
      XLON 443 6.80  3,012.40
      XLON 224 6.80  1,523.20
      XLON 870 6.80  5,916.00
      XLON 250 6.80  1,700.00
      XLON 291 6.80  1,978.80
      TRQX 81 6.80  550.80
      TRQX 191 6.80  1,298.80
      XLON 216 6.78  1,464.48
      XLON 248 6.78  1,681.44
      TRQX 203 6.76  1,372.28
    * * *Total* *4,076* *6.80* *27,705.28*
             
    27/09/2018 XLON 353 6.80 2400.40
      XLON 1931 6.80 13130.80
      XLON 381 6.80 2590.80
      TRQX 207 6.80 1407.60
      TRQX 125 6.80 850.00
      XLON 116 6.78 786.48
      XLON 319 6.76 2156.44
      CHIX 243 6.76 1642.68
      CHIX 145 6.76 980.20
      BATE 128 6.76 865.28
      TRQX 66 6.76 446.16
      *Total* *4,014* *6.79* *27,256.84*
             
    28/09/2018 XLON 483 6.80   3,284.40
      CHIX 372 6.80   2,529.60
      BATE 127 6.80   863.60
      XLON 395 6.76   2,670.20
      XLON 402 6.70   2,693.40
      XLON 586 6.70   3,926.20
      XLON 478 6.68   3,193.04
      XLON 542 6.66    3,609.72
      XLON 708 6.66   4,715.28
      XLON 65 6.64   431.60
      XLON 738 6.64   4,900.32
             
             
             
             
             
      *Total* *4,896* *6.70* *32,817.36* Reported by GlobeNewswire 1 hour ago.

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    VANCOUVER, British Columbia, Oct. 01, 2018 (GLOBE NEWSWIRE) -- *CROP INFRASTRUCTRE CORP. (CSE: CROP) (OTC: CRXPF)(Frankfurt: 2FR) *announced today that it has leased a 87,120 square foot greenhouse facility in Italy through its joint venture with XHemplar.  Work has already begun on upgrading the site security which includes cameras and fencing.In addition, CROP will be working with XHemplar to open two retail locations before the end of the year, as well as build a state-of-the-art extraction facility.

    CROP Infrastructure CEO, Michael Yorke, stated: “This will allow for low-cost and high-quality pure CBD isolate and CBD products to be sold domestically as well as into the European CBD market. The joint venture’s CBD products will be branded under the XHemplar and CROP brands Tiffany CBD and Hempire Italia.

    “This is a major increase in our European footprint. Not only will this expand our growing capacity and quality control, but, very importantly, the build-out of an extraction facility will allow CROP to provide European markets with quality CBD isolate.”

    According to cannabis industry analysts the Brightfield Group, it is estimated the hemp-CBD market alone could hit $22 billion by 2022.

    *About CROP *
    Crop Infrastructure Corp. is publicly listed on the Canadian Securities Exchange and trades under the symbol “CROP” and in the US under the symbol “CRXPF”. CROP is primarily engaged in the business of investing, constructing, owning and leasing greenhouse projects as part of the provision of turnkey real estate solutions for lease-to-licensed cannabis producers and processors offering best-in-class operations. The Company’s portfolio of projects includes cultivation properties in California, two in Washington State, a 1,000-acre Nevada Cannabis farm, a 1,865 acre CBD farm, extraction in Nevada with international focuses in Jamaica and Italy and a joint venture on West Hollywood and San Bernardino dispensary applications. 

    CROP has developed a portfolio of assets including Canna Drink, a cannabis infused functional beverage, US and Italian distribution rights to over 55 cannabis topical products and a portfolio of 16 Cannabis brands.

    *Company Contact*
    Michael Yorke – CEO & Director
    E-mail: info@cropcorp.com  
    Website: www.cropcorp.com
    Phone: (1) 604-484-4206

    *Disclaimer for Forward-Looking Information*
    Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. In addition, marijuana remains a Schedule I drug under the United States Controlled Substances Act of 1970. Although Congress has prohibited the US Justice Department from spending federal funds to interfere with the implementation of state medical marijuana laws, this prohibition must be renewed each year to remain in effect. These statements generally can be identified by the use of forward-looking words such as “may”, “should”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include statements regarding the expected yield from The Italy Property; the technological effects of The Italy Property on production; the intention to expand its portfolio; and execute on its business plan. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding the regulatory and legal framework regarding the cannabis industry in general among all levels of government and zoning; risks associated with applicable securities laws and stock exchange rules relating to the cannabis industry; risks associated with maintaining its interests in its various assets; the ability of the Company to finance operations and execute its business plan and other factors beyond the control of the Company. Such forward-looking statements should therefore be construed in light of such factors, and the Company is not under any obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

    *The CSE has not reviewed, approved or disapproved the content of this press release.*

      Reported by GlobeNewswire 1 hour ago.

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    In an interview with the newspaper Corriere della Sera on Monday, an Italian economist and former International Monetary Fund (IMF) official Carlo Cottarelli said that Italy's 2019 growth target is `difficult' to reach given current quarterly expansion level.

    Cottarelli noted*:**With a 2.4% annual budget deficit target for next 3 years, govt “has, in fact, announced that it will not respect the deficit rule nor the debt rule” set by the European Union (EU). Reported by FXstreet.com 1 hour ago.

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    Reported by FXstreet.com 52 minutes ago.

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    Reported by FXstreet.com 32 minutes ago.

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    Asia Pacific Farm equipment market exceeded USD 60 billion in 2017 and is growing at a rapid pace owing to the growing demand for the machines from food and beverage producers.

    SELBYVILLE, Del. (PRWEB) October 01, 2018

    Plowing and cultivation machines are experiencing a high demand in the farm equipment market owing to the growing need for these machines in farm fields. To satisfy the growing demand for agriculture equipment market, suppliers in industrialized countries will invest in a variety of new advanced equipment. Several technological advancements in these machines are providing effective solutions to the farmers in cultivation and plowing of their fields.

    Increasing labor costs in several countries are expected to generate a high demand for automated machinery, thereby driving the farm equipment market. Countries including the U.S., Canada, the UK, and Germany are experiencing a high demand for the machines owing to the lesser availability of workforce. In addition, the increasing need for effective solutions to improve the performance, speed, and efficiency in performing farming operations is driving the agriculture machinery market growth.

    Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2845

    Growing adoption of tractors for farming processes, such as plowing and harrowing, is driving the agriculture equipment market. New technological advancements are driving the adoption of tractors in farms to increase the efficiency and reliability in farming operations. The high adoption of these machines is being witnessed in the Asia Pacific region, driving the agriculture machinery market growth.

    North America farm equipment market is expected to witness a high growth over the coming years owing to the rise in the adoption of automated machines for performing farming activities. Countries including the U.S. and Canada have a strong presence of players, which are engaged in developing effective machinery for enhancing the productivity of the farm processes. Companies are offering products with enhanced quality, features and technological innovations to strengthen their customer base in the North America agriculture equipment market.

    Browse key farm equipment market insights from the 2018 report spread across 350 pages offering 888 market data tables as well as 27 figures & charts along with the table of contents:
    https://www.gminsights.com/industry-analysis/agriculture-equipment-market

    The Europe agriculture equipment market is experiencing a high demand for such machines owing to growing adoption of automated technologies. Countries including Italy, Germany, and France are moving toward automation and adopting several smart industrial solutions for manufacturing processes. Moreover, labor shortage in the region is also a factor, which is driving the adoption of mechanized products in farms. The farm equipment market is anticipated to witness a high rise in the production capacity with competitors embracing advanced methods of manufacturing.

    Companies active and profiled in this farm equipment market research include AGCO Corporation, Alamo Group Incorporated, Amazonen-Werke H. Dreyer GmbH & Company KG, ARGO SpA, Bamford (JC) Excavators Limited, Bucher Industries AG, Changzhou Dongfeng Agricultural Machinery Group Company Limited, China National Machinery Industry Corporation, CLAAS KGaA mbH, CNH Industrial NV, Deere & Company, Escorts Ltd., Iseki & Co., Ltd., Kubota Corporation, Kuhn Group S.A., Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), Valmont Industries, Inc., Yanmar Co., Ltd. And Zetor Tractors A.S.

    Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2845

    Browse Related Reports:
    1. Material Handling Equipment Market Statistics 2018-2024
    Material Handling Equipment Market is set to exceed USD 190 billion by 2024. Robotics segment in the material handling equipment market is expected to witness significant CAGR of over 8% to reach over USD 20 billion by 2024 owing to the demand for high-performance robotic systems across various industry verticals. The rising awareness about the advantages of automated systems globally will fuel the demand for robots across industries. Extensive R&D undertaken in the field of robotics & AI in countries including Japan and China is expected to fuel the material handling equipment market over the forecast period. Read more at
    https://www.gminsights.com/industry-analysis/material-handling-equipment-market

    2. Commercial Refrigeration Equipment Market Size By Product (Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Other Equipment, Parts), By Application (Food Service, Food & Beverage Retail, Food & Beverage Production, Food & Beverage Distribution), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, Japan, South Korea, India, Singapore, Malaysia, Australia, Brazil, Mexico, Colombia, Argentina, Saudi Arabia, UAE, South Africa, Nigeria, Kenya), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024.
    Some of the key vendors in the commercial refrigeration equipment market are Emerson Electric, Johnson Controls, Parker Hannifin Corp., Ingersoll-Rand, Plc., Danfoss A/S, Hussman Corporation, Lennox International, GEA Group AG,0020AB Electrolux, and Daikin Industries Ltd. Read more at
    https://www.gminsights.com/industry-analysis/commercial-refrigeration-equipment-market

    About Global Market Insights
    Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

    Contact Us:
    Arun Hegde
    Corporate Sales, USA
    Global Market Insights, Inc.
    Phone: 1-302-846-7766
    Toll Free: 1-888-689-0688
    Email: sales(at)gminsights.com
    Web: https://www.gminsights.com
    Blog: http://constructioncu.com/ Reported by PRWeb 8 minutes ago.

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    DGAP-News: SHOP APOTHEKE EUROPE N.V. / Key word(s): Miscellaneous

    02.10.2018 / 07:00
    The issuer is solely responsible for the content of this announcement.
    --------------------

    *WEBSHOP AWARDS Germany 2018-2019: SHOP APOTHEKE named "Online Retailer of the Year". *

     

    · SHOP APOTHEKE awarded the WEBSHOP AWARD Germany 2018-2019.
    · SHOP APOTHEKE wins in the "Online pharmacy" categoryVenlo, 2 October, 2018. SHOP APOTHEKE EUROPE, which became a member of Germany's SDAX select index on September 24, 2018, placed first among online pharmacies at the WEBSHOP AWARDS Germany 2018-19 and was named "Online Retailer of the Year" in its category. The award is the result of an online survey in which around 110,000 consumers ranked a broad range of renowned retailers and online shops in 36 categories, using such criteria as product quality, price, product range and delivery. Overall, participants submitted 229,855 evaluations between May 15 and September 3, 2018.

    "With two significant recognitions - one from the market and one from consumers - September was a very good month for our company", says Stephan Weber, Chief Marketing Officer of SHOP APOTHEKE EUROPE N.V. "After being listed in the prestigious SDAX index, we were also named 'Online Retailer of the Year'. This shows that our offer of a broad product portfolio and a wide range of services including easy online ordering, easy delivery and high-quality pharmaceutical consulting services is really connecting with consumers. The trust they demonstrate once again with this award further motivates us to keep advancing our successful growth story."

    Both retailers and consumers see the award as a reliable seal of quality. Retail consultancy Q&A Insights B.V. has been conducting the survey annually in Germany since 2008.

    On October 17, 2018, SHOP APOTHEKE EUROPE plans to announce preliminary revenues for the period January 1 to September 30, 2018.

     

    *ABOUT SHOP APOTHEKE EUROPE.*

    SHOP APOTHEKE EUROPE is the leading and fastest growing online pharmacy in Continental
    Europe. With the acquisition of Europa Apotheek Venlo in November 2017, SHOP APOTHEKE EUROPE significantly extended its European market leadership. The product range for the whole family in the areas of OTC, beauty and personal care products as well as prescription drugs is complemented by high-quality natural food and health products, low-carb products and sports nutrition products from nu3 GmbH, which has been part of the Group since July 2018.

    SHOP APOTHEKE EUROPE already operates online pharmacies in Germany, Austria, France, Belgium, Italy, Spain and the Netherlands. SHOP APOTHEKE EUROPE delivers a broad range of more than 100,000 original products to over 3 million active customers fast and at attractive prices. In addition, SHOP APOTHEKE EUROPE provides comprehensive pharmaceutical consulting services.

    SHOP APOTHEKE EUROPE N.V. has been listed on the regulated market of the Frankfurt Stock Exchange (Prime Standard) since 13 October 2016 and will form part of the SDAX on 24 September 2018.*MEDIA CONTACTS.*

    Trade and popular media:
    Sven Schirmer
    Mobile: +49 152 28 50 63 61
    Email: presse@shop-apotheke.com

    Financial media:
    Thomas Schnorrenberg
    Mobile +49 151 46 53 13 17
    Email: presse@shop-apotheke.com

    Investor relations:
    Dr. Ulrich Wandel
    Phone: +31 77 850 6117
    Email: ulrich.wandel@shop-apotheke.com
    --------------------

    02.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de --------------------

    Language: English
    Company: SHOP APOTHEKE EUROPE N.V.
    Dirk Hartogweg 14
    5928 LV Venlo
    Netherlands
    Phone: 0800 - 200 800 300
    Fax: 0800 - 90 70 90 20
    E-mail: ulrich.wandel@shop-apotheke.com
    Internet: www.shop-apotheke-europe.com
    ISIN: NL0012044747, DE000A19Y072
    WKN: A2AR94, A19Y07
    Indices: SDAX
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
     
    End of News DGAP News Service Reported by EQS Group 4 hours ago.

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    DGAP-News: GRENKE AG / Key word(s): Miscellaneous

    02.10.2018 / 07:05
    The issuer is solely responsible for the content of this announcement.
    --------------------

    *Growth dynamic in the first half-year continues in the third quarter of 2018*

    *- *GRENKE Group Leasing's new business grows 22.6% in the first nine months of 2018, placing it at the upper end of the 2018 full-year forecast (18% - 22%)

    - Contribution margin 2 of GRENKE Group Leasing rises by 20.2%

    - Two new locations open in Q3, for a total of nine new locations in 2018

    Baden-Baden, October 2, 2018: The GRENKE Group continued to grow uninterrupted in the third quarter of 2018. The acquired volume at GRENKE Group Leasing - defined as the acquisition costs of newly purchased leased assets - increased 21.0% to EUR 559.7 million compared to EUR 462.4 million in the same quarter of the previous year. The Leasing segment's new business volume totalled EUR 1,718.1 million in the first nine months of 2018 (prior-year period: EUR 1,401.9 million) and increased 22.6%. As in the first half of 2018, new business at GRENKE Group Factoring continued to benefit from the strong growth of its international franchise partners during the reporting period. Total purchased receivables increased by 19.1% to EUR 130.6 million in the third quarter (prior-year period: EUR 109.6 million) and by 18.4% to EUR 366.2 million in the nine-month period (prior-year period: EUR 309.3 million).

    "We are very satisfied with the level of new business in the first nine months of 2018. We were able to achieve a high growth rate over all three quarters and are therefore confident that we will be able to increase new business at GRENKE Group Leasing in the current fiscal year in line with the 18 to 22 percent forecast range that was lifted in the middle of the year. With similar dynamics, we are driving forward the broadening and consolidation of our proximity to our customers. So far this year, we have opened nine new locations, with the two most recent locations opened in Denmark and in Austria", commented Antje Leminsky, Chair of the Board of Directors of GRENKE AG.

    The profitability of new business remained high. In the GRENKE Group's Leasing segment, the contribution margin 2 (CM2) increased 20.2% to EUR 303.0 million in the first nine months of 2018, equating to a CM2 margin of 17.6%, following EUR 252.2 million in the same period of the prior year. In the first nine months of 2017, the CM2 margin equalled 18.0%. In the third quarter of 2018, the CM2 margin was 17.5% versus a level of 17.8% in the prior-year period. The Leasing segment's CM1 margin (contribution margin 1 at acquisition values) was 12.7% reaching EUR 218.6 million in the first nine months of 2018, following 12.6% and EUR 176.2 million in the prior-year period (Q3-2018: 12.6% and EUR 70.3 million compared to 12.6% and EUR 58.4 million in the prior-year period).

    In terms of the regional trend within our three core leasing markets, the volume of new business continued to rise in the reporting quarter, especially in Germany. The pleasing development in the first half of the year gained even more momentum in the third quarter increasing 18.1% for total growth in the first nine months of 2018 of 14.8% over the prior-year period. The other core markets of France (+ 20.2%) and Italy (+ 23.6%) also demonstrated strong growth in the nine-month period.

    In the period from January to September 2018, the GRENKE Group recorded a total of 395,264 lease applications (330,012 thereof were international), which generated 195,708 new lease contracts (160,026 thereof were international). The mean acquisition value per lease contract remained at a level typical for the business and amounted to EUR 8,779 (9M-2017: EUR 8,610). Overall, the conversion rate (applications into contracts) at the GRENKE Group (Leasing segment) was 50%. In our international markets, 48% of applications were converted into contracts, which was lower than the level of 55% in the DACH region.

    "Our leasing business continues to show strong growth across all regions, both in terms of new business volume and contribution margins. At the same time, we are maintaining a stable level of conversion rates and mean contract values. This shows that we are neither taking any additional risks with regard to the creditworthiness of our customer base nor with regard to the individual contract volumes in order to maintain our growth," explains Sebastian Hirsch, member of the Board of Directors of GRENKE AG.

    In the Factoring segment, we were able to increase the new business volume in the first nine months of the current fiscal year by 18.4% to EUR 366.2 million (9M-2017: EUR 309.3 million). The gross margin of the new business volume of EUR 128.6 million achieved in Germany amounted to 1.66% (9M 2017: 1.72%). The gross margin in our international markets on new business volume of EUR 237.6 million increased to 1.31% (prior-year period: 1.25%). This margin is based on the average period for a factoring transaction in Germany of approx. 27 days (9M-2017: approx. 28 days) and approx. 40 days on an international level (9M-2017: approx. 38 days).

    In the first nine months of 2018, GRENKE Bank recorded a very strong year-on-year increase of 46.2% in the lending business for small and medium-sized enterprises (including business start-up financing and microcredit) to EUR 29.3 million after EUR 20.0 million in the corresponding prior year's period. The deposit volume rose by 29.9% and amounted to EUR 624.8 million as per September 30, 2018, compared to EUR 481.0 million as per September 30, 2017.

    *Overview of new business development (in EUR millions; prior-year figures have been adjusted)*

      *9M-2018* *9M-2017* *Change in %*
           
    *New business GRENKE Group Leasing* 1,718.1 1,401.9 22.6
    - of which international 1,278.5 1,029.9 24.1
    - of which Franchise international 45.1 18.0 150.5
    - of which DACH* 394.4 354.0 11.4
    Western Europe (without DACH)* 438.7 357.3 22.8
    Southern Europe* 542.3 432.4 25.4
    Northern/Eastern Europe* 277.9 226.1 22.9
    Other regions* 64.8 32.1 102.0
    *New business GRENKE Group Factoring* 366.2 309.3 18.4
    - of which Germany 128.6 122.1 5.4
    - of which international 105.4 114.7 -8.1
    - of which Franchise international 132.2 72.6 82.2
    *GRENKE Bank*      
    Deposits 624.8 481.0 29.9
    New business SME lending business
    (incl. business start-up financing) 29.3 20.0 46.2
    *Contribution margin 2 (CM2) on new business*      
    *GRENKE Group Leasing* 303.0 252.2 20.2
    - of which international 237.4 197.3 20.3
    - of which Franchise international 9.6 3.7 158.4
    - of which DACH* 56.0 51.2 9.4
    Western Europe (without DACH)* 79.3 64.2 23.4
    Southern Europe* 102.0 85.8 19.0
    Northern/Eastern Europe* 52.3 43.8 19.3
    Other regions* 13.5 7.2 87.2

     

    * Regions: DACH: Germany, Austria, Switzerland
    Western Europe (without DACH): Belgium, France, Luxembourg, the Netherlands
    Southern Europe: Croatia, Italy, Malta, Portugal, Slovenia, Spain
    Northern/Eastern Europe: Denmark, Finland, Ireland, Norway, Sweden, UK / Czechia, Hungary, Poland, Romania, Slovakia
    Other regions: Australia, Brazil, Canada, Chile, Singapore, Turkey, UAE

    The Company will publish its quarterly statement for the third quarter and first nine months of 2018 on October 30, 2018.

    For more information, please contact:

    GRENKE AG
    Investor Relations
    Renate Hauss
    Neuer Markt 2
    76532 Baden-Baden
    Phone: +49 7221 5007-204
    Email: investor@grenke.de
    Internet: http://www.grenke.de

    *About GRENKE*

    The GRENKE Group (GRENKE) is a global financing partner for small and medium-sized companies. As a one-stop shop for customers, GRENKE's products range from flexible small-ticket leasing and demand-driven bank products to convenient factoring. Fast and easy processing and personal contact with customers and partners are at the centre of GRENKE's activities.

    Founded in 1978 in Baden-Baden, the Company operates in 31 countries and employs more than 1,300 staff worldwide. GRENKE shares are listed in the SDAX on the Frankfurt Stock Exchange (ISIN DE000A161N30).

    Further information about GRENKE and its products is available at http://www.grenke.de
    --------------------

    02.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
    Archive at www.dgap.de --------------------

    Language: English
    Company: GRENKE AG
    Neuer Markt 2
    76532 Baden-Baden
    Germany
    Phone: +49 (0)7221 50 07-204
    Fax: +49 (0)7221 50 07-4218
    E-mail: investor@grenke.de
    Internet: www.grenke.de
    ISIN: DE000A161N30
    WKN: A161N3
    Indices: SDAX
    Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
     
    End of News DGAP News Service Reported by EQS Group 3 hours ago.

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    On the island of Torcello, at the Ca’ Foscari University of Venice excavation site, some protagonists of the island’s thousand-year history have begun to emerge. A tomb datable to around 700 A.D. has recently been unearthed by the site’s team of scholars, who hail from universities throughout Italy, under the scientific direction of archaeologist Diego Calaon (a Marie Curie Fellow).

    “The subject is a young adult, whose burial – not far from the area we imagine was used as a cemetery adjacent to the Basilica during the Early Middle Ages – maintained nearly the entire skeleton intact, with the exception of the head. We mustn’t be misled, however: the discovery of the residual parts of the right side of the skull and of the perforation coming from above (probably due to a construction pole) which occurred during modern times, indicate that the burial was complete and that the defects we see today resulted from activities which occurred later on in the area”.

    The discovery is an important one: during the archaeological digs that took place on Torcello in the 1960s and 70s, cemetery sites were excavated, but for the most part only relatively modern ones pertaining to the High Middle Ages. Being able to analyze the biometric data of those who lived on Torcello from the sixth to ninth century presents a unique opportunity. Who were the ancient island residents who lived in the well-constructed wooden houses that were densely present in the area? Free workers? Slaves? Was this a community which already had deeply Christian roots, or not? If the burial site was isolated, or not connected directly to the Church, multiple hypotheses may arise: DNA and biometric analyses will reveal important interpretative data.

    The burial has been excavated in an area which is particularly interesting in terms of stratigraphy: we are at the head of an ancient lagoon canal that separated the island of the Ancient Church of Saint Mary from the inhabited area of the medieval settlement: over time, the channel was fortified with hundreds of wooden poles, indicative of a “hunger for space” on the part of homes and craft businesses that required the enlargement and creation of new living spaces.

    As the excavation has expanded, it has revealed how the eighth and ninth century were significant and demonstrative of the island’s population explosion: the presence of dense wooden houses, docks, fireplaces and production facilities, proven by hundreds of ceramic fragments from kitchen pottery (including many covering basins, the dishes of yesteryear for cooking breads and cakes in fireplaces on the ground), amphorae for oil and wine, and soapstone vessels for cooking soups and stews.

    The inhabited area includes a large number of warehouses, constructed and active in the two previous centuries, from 500-600 A.D.: “Torcello became a hub of movement within the lagoon precisely at this moment. Altino was no longer feasible as a port, and the warehouses that we are excavating on the island,” explains Diego Calaon, “are revealing that long before the ‘imagined’ or ‘legendary’ barbaric destruction occurred, the local elite had fully invested in creating an efficient ship yard precisely in the littoral area of the time. Warehouses were built with reused Roman bricks, some with markings on them, fashioned with stones taken from ancient Rome. The porticoed harbor warehouse visible on Torcello nowadays is exceptionally well preserved: we will be able to clean up the interiors within 5/10 days of work”. Thanks to the Torcello Abitata project and archaeology talks also attended by the citizenry, inhabitants as well as external interested parties will be able to discover more.

    Meanwhile, there is another project underway at a different location where a construction of large dimensions (more than 25 meters in length), which may be interpreted as a boat garage and warehouse datable to the fourteenth century, is currently undergoing excavation and study. The structure, with a solid stone foundation (again, “pieces” from Altino which were salvaged for use here in the lagoon) sits opposite a very old and sturdy stone-laid riverbank, which was subsequently reinforced by an outward-facing jetty reaching where the Sile river used to flow. Between the riverbank and the warehouse, the obvious and abundant characteristics of a medieval shipyard for organizing and holding boats, probably for fishing, with traces of poles for hauling, for lateral mooring and, probably, for preparing pitches.

    It is a history rich with elements which is a marvel to discover from one day to the next. Reported by Eurasia Review 3 hours ago.

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    In forex today, markets were thin and moves constrained as Chinese markets continue their week-long holiday in one of China's 'golden weeks' in observance of China's National Day.

    *RBA was the big mover for the early Tuesday window*

    With Chinese equity channels untapped this week, Asian session markets are seeing a tight draw on action, and the majority of major G10 FX pairs treaded water until the Reserve Bank of Australia (RBA) dropped another on-hold rate call on markets, as broadly expected. Though the RBA continues to remain hopeful for rising inflation to come, the central bank's timeline is much longer than most traders have patience for, and the RBA is set to remain on hold on interest rates until the bottom end of 2018.

    EUR/USD may retain heavy tone in Europe

    The Euro could see continued selling heading into the European market session as Italian political turmoil keeps investor confidence under chains, and Italian bond markets are beginning to flash warning signs as differentials continue to widen, and with a laid-back economic calendar on offer for Tuesday, market sentiment will see all focus drawn to headlines in Europe.

    GBP/USD holding flat for the week as traders await further Brexit developments

    Brexit continues to unravel into a mess in the UK, sapping market faith in the Sterling and keeping the Cable pinned to recent lows. UK Prime Minister Theresa May has oddly found herself an agent of a hard-Brexit scenario, using the last-ditch threat of 'no deal is better than a bad deal' to try and bluff both EU negotiators and her Eurosceptic counterparts back home, but so far little headway has been made, and PM May's latest ploy of extending Britian's stay in the EU and giving up key trade negotiation power post-Brexit sees Brexiteers reeling in the UK parliament. Sentiment can be expected to remain sour as headlines continue to cross trading desks throughout the day.

    *Key notes** from the Asia session*

    Dollar Index Technical Analysis: This lagging indicator has turned bullish for the first time since 2001

    RBA: Wage growth likely to remain low for a while

    Italy faces the risk of a series of credit rating downgrades - Goldman Sachs Reported by FXstreet.com 3 hours ago.

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    A war of words took place days after Rome announced a big spending boost in defiance of the European Union that has spooked the markets and has EU capitals fearing a return of the debt crisis. Reported by EurActiv 3 hours ago.

    0 0

    Delhi has emerged as frontrunner to host the Davis Cup qualifier between India and Italy in February next year. Reported by Firstpost 3 hours ago.

    0 0

    The United States, Sweden and Italy have filed bids to supply Bulgaria with eight fighter jets aimed at replacing its ageing Soviet-designed MiG-29s, in a tender estimated at 1.8 billion levs (€900 million), the defence ministry said on Monday (1 October). Reported by EurActiv 2 hours ago.

    0 0

    Reuters cites an Italian government source, as saying that the nation’s PM Conte is scheduled to hold a meeting with the key ministers at 1700 GMT over budget targets.

    Separately, Italy’s Deputy PM Di Maio noted that the government will not change 2019 2.4% deficit target. Reported by FXstreet.com 2 hours ago.

    0 0

    More comments crossing the wires from the Italian Deputy PM Di Maio are found below.

    2019-2021 budget program to be finalized today.

    Italy's budget plan favors growth.

    Doesn't believe that there's an EU plot against Italy.

    Government not willing to exit the Euro. Reported by FXstreet.com 2 hours ago.

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