Usher has revealed his baby daughter was born a few weeks earlier than her due date.
Usher has revealed his baby daughter was born a few weeks earlier than her due date.
Pakistan’s Christian transgender people, often mocked, abused and bullied, say they have found peace and solace in a church of their own. During a recent service, transgender women, flowing scarves loose over their long hair, conducted Bible readings and raucously sang hymns, accompanied by the rhythms of a drum played by a transgender elder in the church. The church, called the First Church of Eunuchs, is the only one for transgender Christians in Pakistan.
Fighting between Ethiopia's military and regional forces from the northern Tigray region is seriously destabilising the East African region and hostilities should halt, the European Union foreign policy chief said. Hundreds of people have been killed since fighting began on Nov. 4, more than 41,000 refugees have fled to Sudan and there are reports of militias targeting civilians. "I expressed my great concern regarding increasing ethnic-targeted violence, numerous casualties and violations of human rights and of international humanitarian law," Josep Borrell said in statement late on Tuesday.
Swiss Life Asset Management AG / Key word(s): Capital Increase/Annual Results 25-Nov-2020 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR The issuer is solely responsible for the content of this announcement. 25 November 2020 Swiss Life REF (CH) Swiss Properties: closing of 2019/2020 financial year and pending capital increase "Swiss Life REF (CH) Swiss Properties" can look back on a successful year. Net income increased by 4.2% year-on-year to CHF 24.3 million. The distribution per unit has remained stable at CHF 2.60. The distribution yield based on the exchange price is thus 2.02%. The previously announced capital increase will take place in November and December 2020. The issue price has been set at CHF 111.20. The Swiss Life REF (CH) Swiss Properties real estate fund holds a real estate portfolio diversified throughout Switzerland. The total of 91 properties have a market value of around CHF 1376 million (as at 30 September 2020). In the past fiscal year, the portfolio was expanded by three properties in Zurich, Schaffhausen and Bussigny. Appreciating property values were again recorded. The market value of the properties held in the portfolio over the entire reporting period increased by CHF 18.6 million or 1.5% (net, after deduction of investments). The chief value driver was the uninterrupted investor demand for high-quality (and primarily residential) properties in good locations. Residential properties remain highly sought-after despite COVID-19 as they generate a reliable flow of rental income and consistently exhibit a positive earnings differential relative to fixed-income investments. Despite a challenging market environment, the vacancy rate was reduced to a low 2.76% due to the emphasis on good locations, a favourable diversity of uses and the focus on active lettings management. Net income as at 30 September 2020 increased by 4.2% from CHF 23.3 million to CHF 24.3 million. Investors will receive a total distribution of CHF 23.4 million, or CHF 2.60 per unit. The distribution per unit thus remains stable. The yield on distribution (based on the exchange price as at 30 September 2020) is 2.02%. Capital increase announced The Swiss Life REF (CH) Swiss Properties real estate fund is planning a capital increase at the beginning of December with a volume of around CHF 500 million. The capital will be used for continuing the successful strategy of qualitative growth and for acquiring a new high-quality portfolio totalling around CHF 500 million. The issue will take place on a commission ("best-effort") basis as part of a public subscription offer in Switzerland. Two (2) subscription rights entitle the holder to purchase one (1) new unit. Official subscription rights trading will take place from 30 November to 9 December 2020 at SIX Swiss Exchange Ltd. In total, a maximum of 4 500 000 new units will be issued. Any non-subscribed units will not be issued, thus reducing the amount of the issue. The issue price of CHF 111.20 is based on the net asset value as at 30 September 2020 less the distribution for the 2019/20 financial year. It includes the purchase of current income and an issuing commission of 2.0%. The subscription period is planned for 30 November to 11 December 2020, with 17 December 2020 as the payment date. Responsible investing Swiss Life Asset Managers has been a signatory to UN PRI since 2018. Environmental, social and governance factors (ESG) are systematically integrated into the investment and risk management processes at Swiss Life Asset Managers. In the real estate investment business, appropriate criteria are taken into account when properties are purchased as well as in construction projects and property management. The Swiss Life REF (CH) Swiss Properties real estate fund has been participating in the annual GRESB (Global Real Estate Sustainability Benchmark) since 2018. In 2019 and 2020, the fund received a "Green Star" rating - an acknowledgement of good ESG integration in real estate investments. Further information on the fund is available at the following link. Issue conditions Name: Swiss Life REF (CH) Swiss Properties ISIN / security no. of fund: CH0293784861 / 29378486 Income: Distribution Legal form: Contractual real estate fund Fund domicile: Switzerland Circle of investors: Non-qualified and qualified investors Type of issue: The issue will take place on a commission ("best-effort") basis as part of a public subscription offer in Switzerland. Issue volume: Approx. CHF 500 million Appropriation of issue proceeds: Purchase of a real estate portfolio owned by Swiss Life Ltd Subscription period: 30 November 2020 to 11 December 2020, 12:00 (CET) Subscription ratio/new units issued: Two (2) subscription rights entitle investors to acquire one (1) new unit | maximum of 4 500 000 units ISIN/security reference rights: CH0575733834 / 57573383 Issue price: CHF 111.20 Issuing commission: The issuing commission for the new units is 2.0%, in favour of the fund management company, custodian bank and/or distributor. Subscription rights trading: 30 November 2020 to 9 December 2020 at SIX Swiss Exchange Ltd Payment under subscription: 17 December 2020 Fund management and administrator: Swiss Life Asset Management Ltd Fund management: Swiss Life Asset Management Ltd Custodian bank: UBS Switzerland AG, Zurich Market maker: Bank J. Safra Sarasin AG, Zurich Information Media Relations Phone +41 43 284 77 77 firstname.lastname@example.org Investor Relations Phone +41 43 284 52 76 email@example.com www.swisslife-am.com / / / Swiss Life Asset Managers Swiss Life Asset Managers has more than 160 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. That's how we lay the groundwork for our clients to make solid, long-term plans - in self-determination and with financial confidence. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg and the UK. As at 30 June 2020 assets under management for third-party clients amount to CHF 82.9 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at CHF 260.0 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totaling CHF 256.0 billion, CHF 71.4 billion is invested in real estate. In addition, Swiss Life Asset Managers has real estate under administration of CHF 28.3 billion through its subsidiaries Livit and Corpus Sireo. Total real estate under management and administration at the end of June 2020 thus came to CHF 99.7 billion. Swiss Life Asset Managers employs more than 2200 people in Europe. 1 INREV Fund Manager Survey 2020 (AuM as of 31.12.2019) Disclaimer This document has been produced with the greatest possible care and to the best of our knowledge and belief. However, we do not accept any liability for losses resulting from the use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments, but only serves to provide information. The source of all data and diagrams (unless stated otherwise) is Swiss Life Asset Management Ltd. Comprehensive information on the fund can be found in the documents forming the legal basis for any investment. These may be ordered free of charge in electronic or printed form from the fund management company, Swiss Life Asset Management Ltd, General-Guisan-Quai 40, 8002 Zurich End of ad hoc announcement Language: English Company: Swiss Life Asset Management AG General-Guisan-Quai 40 8022 Zürich Switzerland Phone: +41 43 284 41 89 E-mail: firstname.lastname@example.org Internet: www.swisslife-am.com ISIN: CH0293784861 Listed: SIX Swiss Exchange EQS News ID: 1150037 End of Announcement EQS Group News Service
Part human, part machine: is Apple turning us all into cyborgs?With its iPhones, watches and forthcoming smart glasses, Apple’s gadgets are increasingly becoming extensions of our minds and bodies. It’s the big tech dream – but could it turn into a nightmare? By Alex Hern Illustration by Steven Gregor
Non-Christian faiths welcome Christmas easing of Covid rulesReligious leaders pleased that Christians will not experience ‘same disappointment’ they did
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Leonteq AG / Key word(s): Rating 25-Nov-2020 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR The issuer is solely responsible for the content of this announcement. PRESS RELEASE | FITCH AFFIRMS LEONTEQ'S INVESTMENT GRADE RATING Zurich, 25 November 2020 Leonteq AG (SIX: LEON) announced today that Fitch affirms Leonteq's investment grade rating at "BBB-" with a Stable outlook. The rating agency Fitch Ratings Ltd. has affirmed the long-term issuer default rating (IDR) of "BBB-" for Leonteq AG, Leonteq Securities AG and Leonteq Securities AG (Guernsey Branch) with a Stable outlook. According to Fitch, the affirmation of the long-term IDRs assigned to Leonteq reflect its adequate and improving capitalisation, moderate and well-managed credit risk exposure, sound risk management systems, solid liquidity management as well as its sophisticated and scalable structured products issuance platform. Fitch additionally states that the IDRs also reflect Leonteq's narrow but well-developing franchise, some earnings volatility as evidenced during the initial stages of the pandemic-related market volatility and exposure to concentration risk (albeit decreasing), in particular with regard to a fairly small number of structured product issuance partners. The Stable outlook reflects Fitch's expectation that Leonteq's performance in 2021 will revert to (or close to) prepandemic levels and that management will make further progress in executing its medium-term strategy, in particular increasing operational scale and further improving business diversification, increasing volumes on its recently introduced Smart Hedging Issuance Platform (SHIP), which will improve capital efficiency, and further strengthening of the group's capitalisation. Further information can be found at: www.fitchratings.com. CONTACT Media Relations +41 58 800 1844 email@example.com Investor Relations +41 58 800 1855 firstname.lastname@example.org LEONTEQ Leonteq is a Swiss company active in the finance and technology sector with a focus on the structured products segment. Based on proprietary modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. Leonteq further enables life insurance companies to produce capital-efficient, unit-linked pension products with guarantees. The company has offices and subsidiaries in 11 countries, through which it serves over 50 markets. Leonteq AG is listed on the SIX Swiss Exchange. www.leonteq.com DISCLAIMER This press release issued by Leonteq AG (the "Company") serves for information purposes only and does not constitute research. This press release and all materials, documents and information used therein or distributed in the context of this press release do not constitute or form part of and should not be construed as, an offer (public or private) to sell or a solicitation of offers (public or private) to purchase or subscribe for shares or other securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction, and may not be used for such purposes. Copies of this press release may not be made available (directly or indirectly) to any person in relation to whom the making available of the press release is restricted or prohibited by law or sent to countries, or distributed in or from countries, to, in or from which this is restricted or prohibited by law. This press release may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "target" "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the Company or any of its affiliates or subsidiaries and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates and (3) other risks and uncertainties inherent in our business. In addition, currently, it is very difficult to provide a meaningful prediction on how the governmental actions in response to the ongoing outbreak of a novel coronavirus disease (COVID-19) and other COVID-19 related factors will affect Leonteq's operations and how long such measures will remain in place. The COVID-19 outbreak has caused, and may continue to cause, uncertainty, economic instability and a significant decrease of total economic output in the affected areas and globally. The impact of the COVID-19 outbreak on the general economic environment in the markets in which Leonteq operates remain uncertain and could be significant. Against the background of these uncertainties, you should not rely on forward-looking statements. Neither the Company nor any of its affiliates or subsidiaries or their respective bodies, executives, employees and advisers assume any responsibility to prepare or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this press release or to adapt them to any change in events, conditions or circumstances, except as required by applicable law or regulation. End of ad hoc announcement
SIG Combibloc Group AG / Key word(s): Takeover 25-Nov-2020 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 KR The issuer is solely responsible for the content of this announcement. MEDIA RELEASE 25 November 2020 SIG Combibloc Group ("SIG") SIG to take full ownership of joint venture to leverage growth opportunities in the Middle East and Africa SIG to acquire the remaining 50% of shares in its Middle East & Africa joint venture Enhances global presence in a region with strong growth prospects Well-invested footprint (fillers and sleeves production) Opportunity to continue to leverage SIG technology to meet evolving consumer needs Full control of a business with a very attractive growth and financial profile Free cash flow and earnings per share accretive from 2021; leverage broadly unchanged SIG Combibloc has signed an agreement to take full ownership of its Middle East & Africa joint venture SIG Combibloc Obeikan by acquiring the 50% shareholding of its partner Obeikan Investment Group (OIG) in the two joint venture companies. The completion of the transaction is subject to several customary closing conditions, including Saudi Arabia and certain other antitrust approvals. The acquisition will expand SIG's global presence and enhance its medium and long term growth outlook. The transaction is a continuation of SIG's strategy for expanding its global footprint by entering new geographies. As a full member of the SIG group, the Middle East & Africa (MEA) business will be even better positioned to tap into SIG's experience in developing consumer-centric and innovative solutions for its customers. SIG Combibloc Obeikan supplies customers in MEA from a full scale manufacturing plant in Riyadh, Saudi Arabia, which will be fully integrated into SIG's global production network. To build on the success of the trusted partnership over the last 19 years and to continue to benefit from the strong local presence and expertise of OIG, Abdallah Al Obeikan, Chief Executive Officer of OIG and currently Chief Executive Officer of SIG Combibloc Obeikan, will be nominated for election to SIG's Board of Directors at the next Annual General Meeting, subject to completion of the acquisition prior to the Annual General Meeting and other customary conditions. Abdelghany Eladib, currently Chief Operating Officer of SIG Combibloc Obeikan, will join SIG's Group Executive Board as President & General Manager, Middle East & Africa, subject to and as of completion of the acquisition. Rolf Stangl, Chief Executive Officer of SIG, said: "I am very pleased to see this culmination of the strong relationship we have had with OIG over the years. This is a unique opportunity to acquire a high quality asset which we know very well. SIG Combibloc Obeikan is a leading player in meeting the growing demand for aseptic cartons in MEA and will be an additional driver of growth in our portfolio. Acquiring full ownership of the joint venture demonstrates our strong commitment to further expanding the business in the Middle East and Africa." Samuel Sigrist, Chief Financial Officer and Chairman of SIG Combibloc Obeikan, said: "We are delighted to welcome SIG Combibloc Obeikan as a full member of the SIG family and are looking forward to pursuing additional growth opportunities together. The strong MEA footprint built over the years will be further strengthened as we expand our product offering and geographic reach." Strongly positioned to meet growing demand SIG Combibloc Obeikan, the 50:50 joint venture between SIG and OIG formed in 2001, provides SIG filling systems to customers in the MEA region where it is present in 17 countries. Its offering consists of SIG filling machines, aseptic carton sleeves and closures, accompanied by technical support and service. Today the company has around 190 fillers in the field with over 70 customers, including global blue chip FMCG players and strong regional champions. In the twelve months ending 30 September 2020, SIG Combibloc Obeikan generated revenue of approximately €290 million and EBITDA of approximately €80 million. Over the last 15 years, the joint venture has grown revenues at a CAGR of 14% and EBITDA at a CAGR of 24%. The overall demand for aseptic beverage cartons in MEA is projected to grow at a CAGR of 5.5% - 6.0% over the next five years, driven by strong fundamentals. These include population growth, urbanisation and rising disposable income. Accretive to free cash flow and earnings per share The transaction will be funded through a combination of newly issued SIG shares (from authorised share capital) and available cash balances and credit facilities. OIG will receive around 17.5 million SIG shares, equivalent to a stake of approximately 5% of SIG's share capital on a pro-forma fully diluted basis, and a cash consideration of €167 million for its 50% stake in SIG Combibloc Obeikan. The transaction is expected to be accretive to SIG's free cash flow and earnings per share from 2021. Advisors Goldman Sachs International acted as exclusive financial advisor to SIG, Bär & Karrer and Latham & Watkins acted as legal advisors. Webcast and conference call The company will host a webcast at 11:00 a.m. CET on Wednesday 25 November. Please register for the webcast here. The webcast will be followed by an audio Q&A session. If you wish to join the conference call and ask questions during the audio Q&A session, please register here. The slide presentation will be available from 10:30 a.m. CET on 25 November at: https://www.investor.sig.biz About SIG Combibloc SIG is a leading systems and solutions provider for aseptic carton packaging. We work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable and affordable way. Our unique technology and outstanding innovation capacity enable us to provide our customers with end-to-end solutions for differentiated products, smarter factories and connected packs, all to address the ever-changing needs of consumers. Sustainability is integral to our business and we are going Way Beyond Good to create a net positive food packaging system. Founded in 1853, SIG is headquartered in Neuhausen, Switzerland. The skills and experience of our approximately 5,500 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 60 countries. In 2019, SIG produced 38 billion carton packs and generated €1.8 billion in revenue. SIG has an AA ESG rating by MSCI, an 18.8 (low risk) score by Sustainalytics and a Platinum CSR rating by EcoVadis. For more information, visit www.sig.biz. About Obeikan Investment Group Obeikan Investment Group (OIG) is a family-run business, founded in 1982 by the Obeikan family with headquarters in Riyadh. The company has a strong foothold in manufacturing, packaging, education and health care. On top of being a leading provider of fully integrated packaging solutions in the MENA region, OIG had a growing focus on digital transformation providing B2B, B2C and B2G business and industrial solutions. Investor contact: Jennifer Gough +41 52 543 1229 Director Investor Relations SIG Combibloc Group AG Neuhausen am Rheinfall, Switzerland email@example.com Media contact: Lemongrass Communications Andreas Hildenbrand +41 44 202 5238 firstname.lastname@example.org Forward-looking statements Portions of the narrative set forth in this media release that are not statements of historical or current facts are forward-looking statements. Our actual future performance may materially differ from that contemplated by the forward-looking statements as a result of a variety of factors. These factors include, without limitation and in addition to those mentioned elsewhere herein, our ability to successfully consummate the acquisition of SIG Combibloc Obeikan; our ability to achieve the strategic and other objectives related to the proposed acquisition of SIG Combibloc Obeikan, including any expected synergies; our ability to successfully fully integrate the SIG Combibloc Obeikan business and achieve the expected benefits of the acquisition, including, without limitation, the acquisition being accretive in the expected timeframe or at all; antitrust approvals and other conditions to the completion of the acquisition being satisfied; as well as the ultimate impact of the COVID-19 pandemic on our business, results of operations, financial condition, and liquidity. Consequently, these forward-looking statements should be regarded as the Company's current plans, estimates, and beliefs. The Company does not undertake and specifically declines any obligation to update or publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. Additional features: File: SIG joint venture 20201125 End of ad hoc announcement Language: English Company: SIG Combibloc Group AG Laufengasse 18 8212 Neuhausen am Rheinfall Switzerland Phone: +41 52 674 61 11 Fax: +41 52 674 65 56 E-mail: email@example.com Internet: www.sig.biz ISIN: CH0435377954 Listed: SIX Swiss Exchange EQS News ID: 1150374 End of Announcement EQS Group News Service
EQS Group-News: u-blox AG / Key word(s): Conference 25.11.2020 / 07:00 Press release u-blox Capital Markets' Day - Reports increased business activity led by APAC region and automotive sector - No paradigm shift expected on long-term strategy and growth drivers; however near-term outlook impacted by uncertainty from Covid-19 Thalwil, Switzerland - 25 November 2020 - u-blox (SIX:UBXN,OTC:UBLXF), a global leader in wireless and positioning technologies, today is hosting its annual Capital Markets' Day for analysts and investors. As part of its business update, u-blox reports that it is observing increased activity across the company's segments and industries following the downturn experienced during the second and third quarters of 2020 due to the difficult Covid-19 environment. u-blox' business activities have rebounded most strongly in APAC where economies reopened earlier compared to other regions. The company also reports that the automotive sector, which was severely impacted by global production and business shutdowns, has exhibited resurgent activity and is a key driver leading the recent rebound of the company's performance. Monthly bookings of purchase orders have increased strongly each sequential month since May. While recent developments are positive, there is still considerable uncertainty heading into 2021 given the mounting risks from the second wave of Covid-19 infections and ensuing lockdown situations worldwide. The company is focused on ensuring that it remains in a strong financial position and has instituted cost saving and efficiency measures totaling CHF 15 million annualized. R&D priorities and expenditures are being scrutinized in order to balance u-blox's technology leadership and innovation with free cash flow objectives. Despite the present challenges posed by Covid-19, the company sees no paradigm shifts on the key megatrends driving the long-term strategy and growth perspectives and continues to focus on creating the next generation of wireless connectivity technology. On the product side, in early November u-blox launched u-blox M10, its latest highly integrated GNSS (global navigation satellite system) platform which was fully designed in-house. With M10, u-blox sets a new benchmark in ultra-low power high performance positioning applications. The M10 is tailored to the needs of wearable and industrial applications, providing ultra-low power positioning performance without sacrificing accuracy and availability. It is ideal for a wide range of small battery-powered applications, including consumer sports watches and asset trackers for varied items such as shipping containers or livestock management. The enhanced capability of u-blox M10 is expected to fuel numerous innovative applications. Outlook - Full Year 2020 u-blox previously withdrew its full-year 2020 guidance at its half-year 2020 reporting date due to lack of visibility. At this time, due to UK Takeover Code rules and the recent announcement of a possible offer for Telit Communications plc, we are currently unable to provide guidance for full year 2020. The company expects to be able to provide earnings guidance in the near future and will provide an update in due course. Today's Capital Markets' Day Webcast will take place at 16.00 CET u-blox is hosting today its Capital Markets' Day event for analysts and investors. Management will conduct a series of formal presentations, followed by a question and answer session. The slide presentation and webcast will be accessible via the Investors section of the company's website at https://www.u-blox.com/en/reporting-center#tab-presentations Webcast details Pre-registration link: https://ccwebcast.eu/links/ublox201125/indexl.html Conference Call Participants may call the following numbers, 10-15 minutes before the conference call: Switzerland / Europe: +41 (0) 58 310 50 00 United Kingdom: +44 (0) 207 107 06 13 United States: +1 (1) 631 570 56 13 About u-blox u-blox (SIX:UBXN) is a global technology leader in positioning and wireless communication in automotive, industrial, and consumer markets. Their smart and reliable solutions, services and products let people, vehicles, and machines determine their precise position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules, and secure data services and connectivity, u-blox is uniquely positioned to empower its customers to develop innovative and reliable solutions for the Internet of Things, quickly and cost-effectively. With headquarters in Thalwil, Switzerland, the company is globally present with offices in Europe, Asia, and the USA. (www.u-blox.com) Find us on Facebook, LinkedIn, Twitter @ublox and YouTube u‑blox investor releations contacts: Switzerland and Europe: Doris Rudischhauser, c/o Dynamics Group AG Phone: +41 79 410 81 88 E-mail: firstname.lastname@example.org US: Jeehae Linford, c/o The Equity Group Inc. Phone: +1 (404) 840-3122 E-mail: email@example.com u‑blox AG Zürcherstrasse 68 8800 Thalwil Switzerland Phone +41 44 722 74 44 Fax +41 44 722 74 47 firstname.lastname@example.org www.u‑blox.com Disclaimer This release contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the u-blox Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group's products, the potential for the Group's products to become obsolete, the Group's ability to defend its intellectual property, the Group's ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group's ability to generate revenues and profitability, and the Group's ability to realize its expansion projects in a timely manner. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. u-blox is providing the information in this release as of this date and does not undertake any obligation to update any forward-looking statements contained in it as a result of new information, future events or otherwise. This press release is published in German and English. Should the German translation differ from the English original, the English version is binding. End of Media Release Language: English Company: u-blox AG Zürcherstrasse 68 8800 Thalwil Switzerland Phone: +41 44 722 74 44 Fax: +41 44 722 74 47 E-mail: email@example.com Internet: www.u-blox.com ISIN: CH0033361673 Listed: SIX Swiss Exchange EQS News ID: 1150339 End of News EQS Group News Service
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NEXT GAMES CORPORATION, COMPANY RELEASE, 25 NOVEMBER 2020 AT 8.00 a.m EET Next Games Corporation has announced today its mid-term financial targets. Next Games vision is to join forces with license holders to build top-grossing games and become the most sought after partner for IP owners, as well as to develop shareholder value and ensure financial stability and profitable growth in the long term. The company is now announcing its financial targets for the mid term. The financial targets and the strategy behind it will be presented to investors in the Next Games Capital Markets Day event held today, November 25, 2020. Materials will be available online after the event. Next Games’ mid-term financial targets RevenueYearly revenues to reach EUR 250MEBITDA %> 23%EBIT %> 18% To achieve strong growth, Next Games will need to scale marketing investments, which will lower its annual result in the short term, as compared to financial targets. As operational efficiency (R&D, Publishing and Admin) improves with scalability and the cost of the relative share of growth efforts reduces in the future, the company aims for its EBITDA to exceed 23% of revenue. Next Games targets strong revenue growth, initially organically and in the future also with the support of selected acquisitions. Next Games believes that building up a solid infrastructure, multiple strategic partnerships and expanding publishing capabilities will help the company to reach its mid-term financial targets, also enabling inorganic growth through M&A. Development of personnel competence and new recruitment are key to Next Games growth. However, with the development of scalable services, reusability and efficient publishing operation, Next Games believe that a potential increase in personnel will be moderate. The Board of Directors of Next Games has not adopted a dividend policy. There is no change in this policy. The financial targets defined above are intended to illustrate the ambition set by the company and its Board of Directors. They do not, however, replace the company's financial guidance on an annual basis. Shorter term financial performance may deviate from the targets. Next Games in the global games market The mobile games market is bigger than movies and music combined, estimated at USD 200 billion by 2023Annual growth in the mobile games market is expected to be 9.3% (y-o-y)IP based games have a strong hold on top grossing listsNext Games is a top 3 publisher in the Geolocation AR genre, and a top 6 publisher in the turn-based RPG genre, now looking to grow in to a top publisher for the RPG-Puzzle genre (Sensortower, Oct 2020 - USA)Next Games is an independent developer and publisher, with a strong track record of working with major entertainment studios, like Netflix and AMC Networks Main themes of Next Games Strategy Strengthening strategic partnerships: in the future we look to expanding and adding new license partnersActive brand portfolio management: continuing to foster The Walking Dead Franchise, and adding new brands like Blade Runner and Stranger Things, in addition to other new brandsImproving efficiency through unified infrastructure: benefits of scale to be expected in the coming yearsPlayers first in game development: best in understanding our audience and creating titles true to the IP Impact of the world economic situation The uncertainty of the global pandemic has not had an adverse effect on the global gaming industryNext Games remains in a good position to continue its growth plans without being disrupted by restrictions caused by the COVID-19 pandemic Additional information: Annina Salvén CFO +358 (0) 40 588 3167 firstname.lastname@example.org Certified Adviser: Danske Bank A/S, Finland branch, tel. +358 10 546 7938 About Next Games Next Games (Helsinki Nasdaq First North: NXTGMS) is the first publicly listed mobile game developer and publisher in Finland, specializing in games based on entertainment franchises, such as movies, TV series or books. The developers of the critically acclaimed The Walking Dead games redefines the way franchise entertainment transforms into highly engaging service-based mobile games. Currently Next Games is working on multiple new games based on popular entertainment franchises including, Blade Runner Rogue, for the popular Blade Runner franchise and a mobile game based on Netflix’s Stranger Things. For more information head to www.nextgames.com.
Clariant continues its transformation to a higher-value specialty portfolioSimplifying the Group’s organization post divestments to focus on its core Business AreasRightsizing regional organizations and service units to avoid remnant cost Muttenz, November 25, 2020– Clariant, a focused, sustainable and innovative specialty chemical company, today announced its plans to adapt and refocus its organization post divestments. With the divestments of Healthcare Packaging in October 2019 and Masterbatches in July 2020 as well as the anticipated divestment of Pigments, Clariant is transforming itself towards a higher-value specialty portfolio focusing on its core Business Areas: Care Chemicals, Catalysis and Natural Resources. The Group plans to rightsize regional organizations and service units in order to avoid remnant cost, thereby reducing complexity and increasing agility post the expiration of transitory service agreements following the closing of the divestitures. The rightsizing program foresees a reduction of approx. 1,000 positions in service and regional structures. Approximately one third of the reductions will be included in the divestment transfers. After a careful review of the scope of all measures under consideration, Clariant has decided to make a provision in the magnitude of CHF 70 million in discontinued operations in the fourth quarter of 2020 for the rightsizing program. The timeline for these measures shall extend over a maximum of two years and will include departures attributable to natural fluctuation. With the rightsizing program Clariant will preserve itself from remnant cost from the recent and impending divestments. The previously announced efficiency program is in full implementation to reduce approx. 600 positions and realize CHF 50 million cost base savings in the continuing business till the end of 2021. “As we progress towards completing the next of the non-core business disposals, we must utilize this opportunity to further strengthen Clariant’s core for a successful future. By avoiding remnant cost and consequently reducing complexity, putting an even stronger focus on innovation, sustainability and operational excellence, we put our company’s high value specialty businesses in a position to operate in an even more focused and agile manner. This will help us deliver above-market growth, higher profitability and stronger cash generation,” said Hariolf Kottmann, Executive Chairman ad interim of Clariant. In addition to the efficiency and rightsizing measures, Clariant continues to emphasize organic and inorganic growth to drive its portfolio upgrade. Clariant's transformational change offers unique opportunities for higher value creation in 2021 and beyond. Corporate Media Relations Investor Relations Jochen Dubiel Phone +41 61 469 63 email@example.com Maria Ivek Phone +41 61 469 63 firstname.lastname@example.org Claudia Kamensky Phone +41 61 469 63 email@example.com Alexander Kamb Phone +41 61 469 63 firstname.lastname@example.org Thijs Bouwens Phone +41 61 469 63 email@example.com Follow us on Twitter, Facebook, LinkedIn, Instagram. This media release contains certain statements that are neither reported financial results nor other historical information. This document also includes forward-looking statements. Because these forward-looking statements are subject to risks and uncertainties, actual future results may differ materially from those expressed in or implied by the statements. Many of these risks and uncertainties relate to factors that are beyond Clariant’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of governmental regulators and other risk factors such as: the timing and strength of new product offerings; pricing strategies of competitors; the Company’s ability to continue to receive adequate products from its vendors on acceptable terms, or at all, and to continue to obtain sufficient financing to meet its liquidity needs; and changes in the political, social and regulatory framework in which the Company operates or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this document. Clariant does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these materials. www.clariant.com Clariant is a focused, sustainable and innovative specialty chemical company based in Muttenz, near Basel/Switzerland. On 31 December 2019, the company employed a total workforce of 17 223. In the financial year 2019, Clariant recorded sales of CHF 4.399 billion for its continuing businesses. The company reports in three business areas: Care Chemicals, Catalysis and Natural Resources. Clariant’s corporate strategy is based on five pillars: focus on innovation and R&D, add value with sustainability, reposition portfolio, intensify growth, and increase profitability. Attachments Clariant Media Release Strengthen the Core 20201125 EN Clariant Media Release Strengthen the Core 20201125 DE
Sponda Ltd Press release 25 November 2020 at 8:00 a.m. Sponda recognised amongst the best companies in the global GRESB Real Estate Assessment Sponda, Finland’s leading commercial real estate asset management company, has been recognised in the 2020 global GRESB Real Estate Assessment for its sustainability practices for the eighth year running. This year, Sponda was ranked first in the Nordic countries and third in Europe in its peer group, Diversified – Office/Retail, in the Standing Investments Benchmark and second in the Development Benchmark. Sponda received a five-star assessment, which recognises entities placed in the top 20% of the benchmark and was awarded a Green Star for its Corporate Responsibility work. GRESB assesses the Environmental, Social and Governance (ESG) efforts undertaken by companies in the property sector to promote sustainable development. The assessment, first introduced in 2009, includes all components of corporate responsibility with companies evaluated comprehensively in the areas of company-level responsibility management, environmental performance of properties, stakeholder engagement, risk management and the sustainability of property development. Pirkko Airaksinen, Sustainability Manager, Sponda said: “At Sponda, we are constantly working hard to promote sustainable development across our business and this recognition reflects our achievements. Systematic sustainability has significant positive impacts on the environment and enhances stakeholder value, creating more affordable rental costs, higher quality work conditions, easily accessible sustainability data and strong brand recognition. We look forward to building on our track record and will be working alongside our main shareholder Blackstone to continue reducing our carbon footprint.” The number of participants in the GRESB assessment has increased annually, with a total of more than 1,200 companies and funds from 64 different countries participating this year. Sponda Ltd Further information:Anita Riikonen, Marketing and Brand Manager, tel. +358 40 833 3804, firstname.lastname@example.org Sponda is Finland's leading real estate asset management company, specialising in owning, managing, developing, and letting commercial properties in the largest cities across the country. With a focus on customer-oriented solutions and high-quality properties, Sponda is actively developing the sector's best practices, sustainably enhancing the cityscape and the environment, and supporting its customers. www.sponda.fi
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Dassault Systèmes (Euronext Paris: 13065, DSY.PA) today announced jointly with NuoDB, that Dassault Systèmes, which already had a 16% ownership interest, is acquiring the remainder of NuoDB equity.