Day: June 2, 2022

Equifax Canada Market Pulse Quarterly Credit Trends Report TORONTO, June 02, 2022 (GLOBE NEWSWIRE) — Consumer reliance on credit cards is increasing, with the average monthly spend per credit card consumer climbing by 17.5 per cent in Q1 2022 compared to the lows of Q1 2021, according to Equifax Canada’s most recent Market Pulse consumer credit trends and insights report. Ontario saw the biggest increase in credit card spending (up by 20.4 per cent) followed by Quebec (18.4 per cent) when compared to the same time period last year. “Pent-up demand and increased travel with the easing of COVID restrictions, combined with soaring inflation have led to some of the highest increases in credit card spending we’ve ever seen. Unfortunately for consumers, this is also at a time when the Bank of Canada is raising interest rates,” said Rebecca...

SHENZHEN, China, June 02, 2022 (GLOBE NEWSWIRE) — Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced that it has partnered with Heng An Standard Life Insurance Company Limited (“HASL”, a joint venture of Tianjin TEDA International Holdings (Group) Company Limited and Aberdeen Group in the UK) to launch “Jin Zhi Qi Hang”, a customized annuity product dedicated to meet clients’ savings needs for their children’s future education. There are three key product highlights of “Jin Zhi Qi Hang”: (i) the insurance benefits can be used to cover children’s higher education expenses from undergraduate to postgraduate degrees (the beneficiary will receive 10% of the total premium paid per annum between the ages...

Climbs 2021 ranking, up two from 4th place Three consecutive years Schneider Electric has placed in the top fiveRueil-Malmaison (France), 2 June 2022 – Schneider Electric, the global leader in energy management and automation, was ranked second in the Gartner Supply Chain Top 25 for 2022. This is the third time Schneider Electric has placed in the top five and the seventh consecutive year it has ranked on the list. This demonstrates the company’s ongoing commitment and investment to strengthen its supply chain strategy.Schneider Electric’s Hyderabad, India factory, recognized by the World Economic Forum as an Advanced Lighthouse in 2022 This recognition comes in a year of prolonged supply chain disruption. Companies around the world and across industries continue to be challenged by the impact of the COVID-19 pandemic, facing...

Share Buyback Transaction Details May 26 – June 1, 2022 June 2, 2022 – Wolters Kluwer today reports that it has repurchased 138,300 of its own ordinary shares in the period from May 26, 2022, up to and including June 1, 2022, for €12.7 million and at an average share price of €91.65.    These repurchases are part of the share buyback program announced on February 23, 2022, under which we intend to repurchase shares for up to €600 million during 2022. The cumulative amounts repurchased to date under this program are as follows: Share Buyback 2022Period Cumulative shares repurchased in period Total consideration(€ million) Average share price(€)2022 to date 2,838,664 262.8 92.59For the period starting May 5, 2022, up to and including August 1, 2022, we have engaged a third party to...

Press release – Paris, June 2, 2022 Danone: 2021 key indicators restated according to new operating segments and by category As announced on March 8, 2022, Danone is reporting its key indicators1 according to 4 new geographical operating segments, while retaining its global category reporting for Essential Dairy and Plant-based (EDP), Specialized Nutrition and Waters. The reshaping of the organization by geographical zone has led to the reallocation of some central costs and other expenses among global categories. The recurring operating income and recurring operating margin have been restated accordingly for 2021, as detailed below (unaudited figures). H1 and FY 2021 net sales, recurring operating profit and recurring operating margin restated by categoryNet sales (€m), recurring operating profit (€m)and recurring operating margin...

HOUSTON, June 02, 2022 (GLOBE NEWSWIRE) — VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company“) today announced the successful drilling of the South Tchibala 1HB-ST well that was drilled from the Avouma platform in the Etame field, offshore Gabon. HighlightsDiscovered significant columns of multiple hydrocarbon bearing sands in the Dentale;Completing the Dentale D1 sand (18 meters net hydrocarbons) interval, which is analogous to the Deep Dentale producing field in North Tchibala with similar porosity and permeability. Additional cased Dentale D9 (15 meters net hydrocarbons) interval can be tested and completed in the future. Penetrated a thin section of the Gamba sand that is not economically viable to complete in this wellbore.Adds new reserves that were previously not captured in...

June 2, 2022, Oslo, Norway: Reference is made to the announcement issued on March 9, 2022, regarding PGS strengthening its New Energy portfolio. Ocean Floor Geophysics, Inc (OFG), a company in which PGS owns approximately 43%, has now completed the acquisition of NCS SubSea and thereby controls the market-leading P-Cable system, which provides ultra-high resolution 3D seismic data to the oil and gas and new energy markets. “This transaction further strengthens the PGS-OFG partnership and expands our combined offering within conventional and New Energy markets. We are building OFG to be a preferred provider of marine site characterization and asset integrity services,” says Artem Lytkin, Vice President PGS New Energy and an Executive Chairman of OFG. “OFG is delighted to complete the acquisition of NCS and its P-Cable ultra-high resolution...