Day: September 23, 2020

In a press release from April 8th regarding financing and actions taken by Reykjavik Energy (OR) and its subsidiaries due to Covid-19 it was stated that authorization for financing in the form of bonds, bills and bank loans in 2020 had been increased from ISK 13bn to ISK 30bn. The reasons for this increased financing need, as stated in the press release, are increased investments and dividend payments, refinancing of loans to owners and expectations of generally worse economic conditions.In a press release from April 14th it was furthermore stated that approximately half of this year‘s financing was anticipated to be in the form of bank loans from domestic and international banks, with the remainder financed by issuing bonds in the domestic bond market. A decision has been made to increase the proportion of bond issuance this year and...

Í tilkynningu frá Orkuveitu Reykjavíkur frá 8. apríl sl. vegna fjármögnunar á árinu 2020 og aðgerðum gegn Covid-19 kom fram að heimild til fjármögnunar í formi skuldabréfaútgáfu, víxlaútgáfu og bankalána hefði verið hækkuð úr 13 milljörðum króna á árinu 2020 í 30 milljarða króna. Ástæður þessarar auknu fjármögnunarþarfar, eins og segir í tilkynningu, eru auknar fjárfestingar, arðgreiðslur, endurgreiðsla á lánum til eigenda félagsins og væntingar um verri efnahagshorfur almennt.Í tilkynningu frá 14. apríl sl. kom jafnframt fram að gert væri ráð fyrir að um helmingur fjármögnunar ársins yrði í formi bankalána frá innlendum og erlendum bönkum og um helmingur í formi útgáfu skuldabréfa á innlendum skuldabréfamarkaði.     Nú hefur verið tekin ákvörðun um að auka við hlutfall skuldabréfafjármögnunar á árinu og jafnframt minnka hlutfall fjármögnunar...

HighlightsFive-year capital investment plan of $19.6 billion, up $800 million from the prior year’s planFourth quarter 2020 common share dividend of $0.505, representing a 5.8% increaseAverage annual dividend growth guidance of 6% extended to 2025New 75% carbon emissions reduction target by 2035 compared to 2019ST. JOHN’S, Newfoundland and Labrador, Sept. 23, 2020 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) today announced its new five-year capital investment plan of $19.6 billion for the period 2021 to 2025, up $800 million from the prior year’s plan. Consolidated rate base is projected to increase from $30.2 billion in 2020 to $36.4 billion in 2023 and $40.3 billion in 2025, translating into three and five-year compound annual growth rates of 6.5% and...

FORT WORTH, Texas, Sept. 23, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced that it has signed a long-term ethane supply agreement with PTTGC America LLC (“PTTGCA”) to become an anchor supplier for a proposed world-scale ethylene cracker in Appalachia. This agreement is contingent upon PTTGCA reaching a final investment decision, which is expected in early 2021.“We are pleased to help support a world-class project that brings additional jobs to Appalachia, while utilizing our low-cost natural gas resources,” said Jeff Ventura, Range’s CEO and President. “Range views this project as a win-win-win for Range, PTTGCA and the many communities in the Northeast that will benefit from the economic boost this facility provides. Importantly, for Range, ethane supplied to PTTGCA will be...

LA JOLLA, Calif., Sept. 23, 2020 (GLOBE NEWSWIRE) — INmune Bio, Inc. (NASDAQ: INMB) (the “Company”), a clinical-stage immunology company focused on developing treatments that harness the patient’s innate immune system to fight disease, today announced that the Company will be hosting a Key Opinion Leader (KOL) webinar on the topic of treatment resistant depression (TRD) at 1:00p.m. ET on Tuesday, September 29, 2020. The webinar will discuss the role of neuroinflammation in TRD and will feature presentations by two highly-regarded thought leaders in the field: Charles Raison, M.D., professor in the department of psychiatry at the University of Wisconsin at Madison, and John E. Schneider, Ph.D., chief executive officer and principal of Avalon Health Economics.

NEW YORK, Sept. 23, 2020 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets today announced preliminary estimates of its top line results for third quarter to date through August 31, 2020.Quarter-to-Date Estimated ResultsOn a preliminary estimated basis, Virtu expects its results of operations for the two months ended August 31, 2020 to reflect:° Trading Income, net between $295 and $303 million; Adjusted Net Trading Income* between $238 and $246 million° Average Daily Adjusted Net Trading Income* between $5.53 and $5.72 million per dayJuly 2020 estimated results are revised to $6.50 million Average Daily Adjusted Net Trading Income...

ST. JOHN’S, Newfoundland and Labrador, Sept. 23, 2020 (GLOBE NEWSWIRE) — Doug Haughey, Chair of the Board of Directors (the “Board”) of Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS) today announced the retirement of Barry Perry, President and CEO, from Fortis and the Board, effective December 31, 2020. David Hutchens, currently Chief Operating Officer of Fortis and CEO of UNS Energy, will succeed Perry and join the Board, effective January 1, 2021.Perry made a personal decision to retire after a nearly 35-year career, over 20 of which were with Fortis. He has led the Corporation since 2015. Prior to his current position, he served as President from June 30, 2014 to December 31, 2014 and as Vice President, Finance and Chief Financial Officer of Fortis for 10 years. The Board’s...

TELUS crowned the fastest network in the world as it wins the Opensignal Global Award for Download Speed Experience. TELUS’ average 4G LTE download speeds clocked in at a global high of 75.8 mbps, significantly faster than the 2nd fastest country in the world South Korea’s 5G network average of 59 mbps.1By the end of year, Canadians in 50 communities will experience the fastest 5G network in Canada providing speeds up to 1.7 Gbps 2VANCOUVER, British Columbia, Sept. 23, 2020 (GLOBE NEWSWIRE) — As TELUS continues to expand its next-generation 5G network across the country, UK-based Opensignal has announced that TELUS is the fastest network in the world!“This global recognition from Opensignal, in concert with our rapidly expanding next-generation 5G network, reinforces the TELUS team’s unparalleled commitment to providing Canadians...

TELUS reçoit la mention du réseau le plus rapide au monde en remportant le prix mondial d’Opensignal pour les vitesses de téléchargement. Les vitesses de téléchargement moyennes du réseau 4G LTE de TELUS atteignent 75,8 Mbit/s, un résultat nettement supérieur à celui du réseau 5G de la Corée du Sud, au deuxième rang avec des vitesses de 59 Mbit/s1.D’ici la fin de l’année, les résidents de 50 communautés canadiennes auront accès au réseau 5G le plus rapide au pays, qui offre des vitesses allant jusqu’à 1,7 Gbit/s2.VANCOUVER, Colombie-Britannique, 23 sept. 2020 (GLOBE NEWSWIRE) — Alors que TELUS continue d’étendre son réseau 5G de prochaine génération, la société britannique Opensignal annonce que le réseau de TELUS est le plus rapide au monde !« Cette distinction mondiale accordée par Opensignal ainsi que le déploiement accéléré...