Advertisement
Fraport AG Frankfurt Airport Decides To Buy Back Own Shares For Employee Participation Program
(RTTNews) - As part of it's employee participation program this year, the Executive Board of Fraport AG Frankfurt Airport Services Worldwide has decided to buy back own shares through the stock exchange.
To fulfill all claims up to 75,000 of its own shares (about 0.081 percent of the capital stock) will be bought back.
The share buyback serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide. The total purchase price (excluding incidental costs) is up to 4.00 million euros.
The share buyback will begin on 04 June 2024 and will be completed by 30 June 2024 and it will be carried out by an independent financial service provider.
read more
Fraport Stock Up On Growth In FY24 Results, Positive EBITDA Outlook
Shares of Fraport AG were gaining around 2 percent in German trading after the airport operator reported Tuesday higher profit in its fiscal 2024 as revenues were benefited by increased traffic volumes and prices at Frankfurt Airport and across its international network of airports. Looking ahead, for fiscal 2025, Fraport projects Group profit at previous year's level or slightly below.
RTTNews
|
Pred 231 dňami
Fraport Stock Up On H1 Profit, Upbeat FY23 Earnings View
Shares of Fraport Group were gaining around 8 percent in the morning trading in Germany after the airport operator reported Tuesday a profit in its first half, compared to last year's loss, with strong passenger demand. The company further said it now expects to meet the upper half of its earnings projection range for fiscal 2023.
RTTNews
|
Pred 819 dňami
FTSE 100 Drifts Lower; Miners Among Notable Losers
The U.K. market is down in negative territory on Monday, weighed down by losses in the mining sector. The mood remains quite cautious amid concerns about global economic growth as several central banks, including the Federal Reserve and the European Central Bank signaling that further interest rate cuts are unlikely in the coming months.
RTTNews
|
Pred 1 h 15 min
CAC 40 Drops To 3-week Low On Widespread Selling
France's CAC 40 index dropped to a three-week low on Tuesday with investors choosing to trim down positions in riskier assets amid concerns about the potential impact of the government shutdown in the U.S., some hawkish comments from Fed officials and mixed corporate earnings from the region.
RTTNews
|
Pred 1 h 39 min
DAX Down Sharply As Stocks Tumble On Growth Worries
The German market is down sharply in negative territory on Tuesday with stocks from across several sectors reeling under pressure as investors react to mixed earnings updates, and weak U.S. manufacturing data and hawkish comments from some Fed officials.
RTTNews
|
Pred 2 h 22 min
Sensex Drops Over 500 Points; Nifty Ends Below 25,600
Indian shares ended Tuesday's session lower after three top Federal Reserve officials pushed back against expectations of another interest rate cut in December.
RTTNews
|
Pred 2 h 49 min
Indian Rupee Rises To 5-day High Against U.S. Dollar
The Indian rupee strengthened against the U.S. dollar in the Asian session on Tuesday, in anticipation that the Reserve Bank of India (RBI) has intervened in the currency market to boost the Indian Rupee.
RTTNews
|
Pred 3 h 2 min
Commodity Currency's Slide Amid Risk-Off Sentiment
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Tuesday, as Asian stocks traded lower as a tech rally fizzled out due to valuation concerns and investors weighed mixed messages from Federal Reserve officials over the path of interest rates.
RTTNews
|
Pred 3 h 27 min
