Hanover Insurance, based in Worcester, Massachusetts, has announced that it anticipates a loss in the second quarter of this year. The losses are a result of significant catastrophe losses linked to an unusually stormy season. The company estimates that it will record approximately $262 million in catastrophe losses for the quarter. These losses are mainly attributed to 19 … [Read more...] about Hanover Insurance Expects Loss in Second Quarter
European Commission Approves State Aid for Decarbonization Efforts of Thyssenkrupp and ArcelorMittal
By Pierre Bertrand The European Commission has given its approval for state aid measures amounting to a total of €2.85 billion ($3.19 billion) to be allocated towards decarbonizing the operations of Thyssenkrupp and ArcelorMittal. Thyssenkrupp's Steel Europe Business Thyssenkrupp's Steel Europe business will receive a grant of up to €550 million from the German government. The … [Read more...] about European Commission Approves State Aid for Decarbonization Efforts of Thyssenkrupp and ArcelorMittal
Georg Fischer’s Shares Decline on Lower First-Half Profits
Shares in Georg Fischer, the Swiss manufacturing company, dropped by 3.8% on Thursday following the release of their first-half financial results. The company reported a decrease in net profit and sales due to unfavorable exchange rates. Earlier in the day, shares had tumbled more than 5%. Financial Report Highlights Net profit in the January to June period dropped to 123 … [Read more...] about Georg Fischer’s Shares Decline on Lower First-Half Profits
Vingegaard Wins Second Consecutive Tour de France
PARIS — Danish rider Jonas Vingegaard sealed his second consecutive victory at the Tour de France, as the iconic race concluded on the renowned Champs-Élysées. With a substantial lead over his main competitor, Tadej Pogačar, the 2020 and 2021 champion, Vingegaard knew that the victory was essentially secured before the largely ceremonial final stage of the 110th edition of the … [Read more...] about Vingegaard Wins Second Consecutive Tour de France
Georg Fischer Reports Net Profit and Sales Drop in First Half of 2023
Georg Fischer, the Swiss manufacturing company, has announced a slight decrease in net profit and sales for the first half of 2023. This drop can be attributed to the negative impact of unfavorable exchange rates, although it was partially offset by price adjustments. Financial Performance In precise figures, the net profit for the first half of the year amounted to 123 million … [Read more...] about Georg Fischer Reports Net Profit and Sales Drop in First Half of 2023
