Eutelsat Appoints Jean-François Fallacher as New CEO
Eutelsat ETL -6.00%decrease; red down pointing triangle appointed Jean-François Fallacher as its new chief executive officer, amid growing interest within the European Union for alternative satellite systems to Starlink.
The French satellite operator said Monday that Fallacher's appointment will be effective on June 1.
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Business of Fashion
12 minutes ago
- Business of Fashion
Is Sailing Ready for Its Fashion Moment?
Last weekend, nearly 10,000 people packed a grandstand in New York for this year's kickoff of SailGP, an international sailing race often likened to Formula 1 on the water that has rapidly attracted audiences with its elite, globetrotting allure. At the top of every sail on the high-speed catamarans was the logo for Rolex, which has sponsored the race since its start in 2019. This year, L'Oréal was also featured on the French team's sail as part of its three-year sponsorship deal with the team, while Tommy Hilfiger claimed nearly the entire sail of the US team, which it also outfitted on and off the water. On the ground, however, it was a different story. Fashion and beauty were largely absent, with most of the brand activations coming from hospitality players like The Plaza Hotel and Nobu. The event showed early hints of how fashion and beauty are starting to take notice of SailGP, but also how much room there is to grow. 'It's the very beginning,' said Christophe Babule, L'Oréal's chief financial officer. 'Look at Formula 1 30 years ago. It was a much more confidential event. Today, it's a worldwide event with a huge [following], so I'm quite sure that we will see more and more players coming into this event in the near future.' While it's early to crown SailGP the next Formula 1 for brands, the sport is seeing success in attracting a wider range of viewers, many of whom are drawn in by its aspirational nature. At its Auckland race, for instance, 70 percent of viewers had never sailed before. SailGP is also the subject of a new Paramount+ docuseries released today, 'SailGP: Uncharted,' that should bring it even more exposure, and as in other sports, high-profile investors have been getting involved with the teams, which may help with driving visibility. Anne Hathaway has joined the ranks of investors backing the Italian team, while Ryan Reynolds and Hugh Jackman bought the Australian team, following Reynolds' investment in English football team Wrexham A.F.C. alongside co-owner Rob McElhenney, which has turned into a sensation with the series 'Welcome to Wrexham.' 'Our challenge is education and marketing to new eyeballs,' said Mike Buckley, co-owner and chief executive of the US SailGP team. SailGP has been promoting itself to an affluent fan base at events like the Tribeca Film Festival, as well as the Las Vegas Grand Prix to tap racing fans more broadly. While sponsors of SailGP were traditionally more specific to sailing, like Helly Hansen and Sail Racing, the shift creates an opportunity for brands outside of the performance gear space. 'Our audience is an audience that I think high end fashion brands would resonate with, in terms of our demographic that are either coming to our events or watching on TV or a small screen,' said SailGP managing director Andrew Thompson. Storytelling Through Sailing SailGP's Paramount+ series has its brand partners banking on enhanced visibility. The fast-paced nature of the event set against backdrops from Saint-Tropez to Dubai is eye candy for today's short attention spans. 'It is obvious that it will work, because it's pretty well designed to be seen on a screen,' said Babule from L'Oréal. 'We know what it takes today to activate consumers. These races are very quick ones, so you can follow that on Instagram or on TV.' Beyond the show, content production opportunities for brand partners are plentiful. For Tommy Hilfiger, being easily visible on the boat and at the heart of the sport is crucial. 'With SailGP, we chose a place where one of the key athletes sits to play a pivotal role in steering and maneuvering the boat,' said Virginia Ritchie, the brand's chief marketing officer. 'So we get a lot of great content of him sitting right on top of the flag.' In addition to designing the team uniform, as well as performance goggles in partnership with Safilo, the brand dresses the team in fashion outside of the performance realm for moments like walking to the race, or for event appearances, said Ritchie — all of which can easily be repurposed as content across brand channels. The company sees a significant opportunity for driving fashion sales through storytelling that uses sailing and performance content. To accompany the launch of its spring 2025 sailing capsule collection, its window displays in key European stores used photos from the Los Angeles and San Francisco races featuring its branded red, white and blue flag. Rolex has leaned into storytelling around SailGP athletes. It produced a series featuring the British SailGP team's strategist Hannah Mills and showcasing her career and journey becoming a mother and then returning to the team. The sport also gives brands an opportunity to position themselves in a new light with customers. L'Oréal, for instance, is hoping to reach more men, who are historically more challenging to sell on beauty. They make up 'probably 25 percent of beauty consumption, but actually 10 percent of our sales,' said Babule. 'When you are in a sport like high-tech sailing, it's a way to more easily reach a new target of consumers that is in the clear objective that we set ourselves.' The group can activate differently depending on where the races occur, varying the brands it features and marketing tactics it employs. Education around suncare, for instance, remains a challenge for L'Oréal in the European market, and activating around sailing moments, where sun exposure is an obvious element of the sport, creates chances for the group's dermatological beauty division to further its goals in the region. Brand Alignment For brands considering potential sports partnerships, however, alignment with the sport is a key consideration. Tommy Hilfiger, for instance, landed on SailGP after looking at seven potential sports to work with. Sailing was one of them — and a natural fit, too, due to how influential the sport was to the formation of the brand's DNA, all the way down to the Tommy Hilfiger flag, which is based on the nautical letters (colourful flags used in sailing to represent different letters in the alphabet) for the designer's initial, T J H, said Ritchie. The brand also launched its first Sailing Gear collection in the early 1990s. Tommy Hilfiger's experience as an F1 partner let it see that it had another opportunity to marry brand history, a similar racing product and the chance to work closely with athletes in the way that Tommy Hilfiger had with racecar drivers Lewis Hamilton and George Russell, transforming the paddock walk, which had been very 'uniform driven,' into a runway of sorts, Ritchie said. 'That kicked off a ton of collaboration opportunities, a whole new content stream and storytelling,' said Ritchie. L'Oréal has its own history in sailing. The company has been involved with a number of sailing races, including sponsoring the French team when women could compete in the America's Cup for the first time in 2024, as part of the group's broader goal of supporting women. SailGP, which is the only sailing race to include both men and women on the same boat, fell squarely into L'Oréal's value system. While Rolex has historically been involved with sailing — it first partnered with the New York Yacht Club, which created the America's Cup, in 1958 — SailGP, a more modern version of the sport, 'is not their traditional sailing property,' said Thompson. When the brand came on board as SailGP's title sponsor when the race first launched, 'For them, it was quite a bold move,' Thompson added. 'We were untested. [But] Rolex saw the opportunity.'
Yahoo
22 minutes ago
- Yahoo
Veolia Launches its Global Employee Stock Ownership Plan for over 190,000 Employees
PARIS, June 10, 2025--(BUSINESS WIRE)--Regulatory News: Veolia (Paris:VIE) launches a new edition of its employee shareholding operation. Open to more than 190,000 Group employees, this operation aims to involve them in the company's development and performance. As a key stakeholder and already the Group's largest shareholder, employees can thus strengthen their involvement in Veolia's strategy and growth. This initiative allows employees to subscribe directly or indirectly to Veolia Environnement shares with a goal to further strengthen the connection between the teams and the Group's growth strategy. This initiative takes on particular significance in the context of the GreenUp strategic program, which positions Veolia at the forefront of the ecological transformation by accelerating the development of innovative solutions in three key areas: decarbonizing economic activities, combating pollution, and regenerating natural resources. The settlement and delivery of the new shares to be issued is expected on September 12, 2025. The main terms of this transaction are described below. Issuing company Veolia Environnement, a public limited company incorporated under French lawListing: Euronext Paris (France)Ordinary share ISIN code: FR0000124141 VIE Framework of the operation - Securities offered The offer is proposed within the framework of the Veolia Environnement group savings plan and international group savings plan in accordance with Articles L. 3332-18 et seq. of the French Labour Code and on the basis of the shareholders' authorisation granted by the 19th resolution of the combined general meeting of April 24, 2025. Implementation of the offering on the basis of the resolution referred to above has been decided by the Board of Directors on May 6, 2025. The offer concerns a maximum number of 14,813,052 shares (i.e. approximately 2% of the share capital at the date of the combined general meeting of April 24, 2025). The dates of the subscription/revocation period and the subscription price will be determined by a decision of the Chief Executive Officer, acting by delegation of the Board of Directors, scheduled for July 30, 2025. The subscription price shall be equal to the average of the volume-weighted average prices of the Veolia Environnement share on Euronext Paris during the twenty (20) trading days preceding the aforementioned decision of the Chief Executive Officer (reference price), less a discount of 15% and rounded up to the next euro cent. The new shares will carry immediate dividend rights. Indicative timetable of the transaction The timetable below is provided for information purposes only and may be modified due to events affecting the proper conduct of the transaction. Reservation period: from June 10, 2025 to June 30, 2025 (inclusive)Subscription price setting: July 30, 2025Subscription/revocation period: August 1 to 5, 2025 (inclusive)Settlement and delivery of the offer: September 12, 2025 Terms and conditions of subscription Beneficiaries of the offer The offer is made pursuant to Articles L. 3332-18 et seq. of the French Labour Code, within the framework of the Group Savings Plan (PEG) and the International Group Savings Plan (PEGI) of Veolia Environnement. In the United Kingdom, employees can also invest in Veolia Environnement shares under the Share Incentive Plan. It is open to employees of Veolia Environnement SA and participating subsidiaries in France and in 55 jurisdictions worldwide, with at least three months' service with the Group at the closing date of the revocation period. Retired and early-retired former employees who have retained assets in the PEG since leaving the Group are eligible for the operation, without the benefit of the matching contribution. Subscription formulas Beneficiaries can subscribe to Veolia Environnement shares through two distinct offers, a secured offer with leverage effect and a classic offer: The secured offer with leverage effect: the subscriber benefits from a gross matching contribution of 100% of his/her personal contribution up to a limit of 300 euros, a guarantee of his/her total investment, including the matching contribution, and the higher of either (i) a minimum guaranteed return at predetermined rate on his/her investment, including the matching contribution, or (ii) a multiple of the possible increase in the Veolia Environnement share price. The classic offer: the subscriber invests in Veolia Environnement shares with a 15% discount on the reference price. The investment made in the classic offer presents a risk of capital loss insofar as it will follow the evolution of the Veolia Environnement share price, both upwards and downwards. Method of holding the shares Subscriptions are made through an FCPE or, in some countries, through direct shareholding. The voting rights attached to the securities held in the FCPE will be exercised by the FCPE's Supervisory Board. Voting rights relating to securities held directly will be exercised by the subscriber. Unavailability The shares subscribed directly and the units of the FCPE will be blocked until June 3rd, 2030 unless one of the cases of early release provided for by Articles L. 3332-25 and R. 3324-22 of the French Labour Code, as applicable in the various countries where the offer is deployed, occurs. Hedging transactions The secured leveraged offer implies that the counterparty bank of the said offer will carry out hedging transactions, on and/or off the markets, by means of purchases and/or sales of shares, purchase of call options and/or any other transactions, at any time and in particular as from the opening date of the period for determining the subscription price and throughout the duration of the operation. Listing of the shares Veolia Environnement shares are admitted to trading on Euronext Paris. The newly issued Veolia Environnement shares will be listed on the regulated market of Euronext Paris as soon as possible after the completion of the capital increase. They will be admitted on the same quotation line as the existing shares (ISIN code: FR 0000124141-VIE) and will be fully assimilated to them as soon as they are admitted for trading. Share buyback Veolia Environnement has decided to proceed with a share buyback through a forward contract entered into with an investment services provider prior to the combined shareholders' meeting of April 24, 2025, in accordance with the authorization granted by the 16th resolution of the combined shareholders' meeting of April 25, 2024. The investment service provider may independently carry out the buybacks during a period beginning on July 2, 2025 and ending on July 29, 2025 up to a maximum of 14,813,052 shares, which will be delivered to Veolia Environnement on July 31, 2025. Following the adoption of the new authorization by the combined shareholders meeting of April 24, 2025, in its 18th resolution, the Board of Directors acknowledged that the share buyback will be carried out based on this new resolution. The shares thus repurchased are intended to be (i) partly cancelled, up to the amount of the share capital increase and (ii) sold for another part in order to allow the hedging of the secured offer proposed in certain countries. The share buyback program is described in section 7.1.3 (p. 469) of Veolia Environnement's 2024 universal registration document filed with the French Financial Markets Authority on March 20, 2025, and available on Veolia Environnement's website. Specific mention for the international market This press release does not constitute an offer to sell or a solicitation to subscribe for Veolia Environnement shares. The offer of Veolia Environnement shares is strictly reserved for the above-mentioned beneficiaries and will be made only in those countries where, if applicable, such an offer has been registered with or notified to the competent local authorities and/or following the approval of a prospectus by the competent local authorities, or in consideration of an exemption from the obligation to prepare a prospectus or to register or notify the offer. More generally, the offer will only be made in countries where all required registration procedures and/or notifications will have been carried out and the necessary authorisations obtained. The Veolia Environnement shares that may be acquired in this offer are not subject to any recommendation by governmental market or regulatory authorities. No advice or recommendation to invest is given by Veolia Environnement or any employer. The investment decision is a personal decision, which must be made by each employee taking into account his/her or her financial resources, investment objectives, personal tax situation, other investment alternatives and the fact that the value of a listed share is fluctuating. In this respect, beneficiaries are invited to consider diversification of their investment portfolio to ensure that the envisaged risk is not too concentrated in a single investment. The offer is made on a voluntary basis by Veolia Environnement. Neither Veolia Environnement nor the employers are obliged to repeat the offer or to make similar offers in the future. The terms and conditions of the offer do not form part of the employees' employment contracts. ABOUT VEOLIA Veolia group aims to become the benchmark company for ecological transformation. Present on five continents with 215,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2024, the Veolia group provided 111 million inhabitants with drinking water and 98 million with sanitation, produced 42 million megawatt hours of energy and treated 65 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 44.7 billion euros in View source version on Contacts MEDIA RELATIONS Laurent Obadia - Evgeniya Mazalova Anna Beaubatie - Aurélien Sarrosquy Charline BouchereauTél.+ 33 (0) 1 85 57 86 INVESTOR RELATIONS Selma Bekhechi - Ariane de LamazeTél. + 33 (0) 1 85 57 84 76investor-relations@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27 minutes ago
- Yahoo
European Dividend Stocks: Teleperformance And 2 Other Top Picks
As the European markets experience a positive shift with major stock indexes rising and inflation slowing, investors are increasingly focusing on dividend stocks as a stable income source amid easing monetary policy by the European Central Bank. In this environment, selecting stocks with strong fundamentals and consistent dividend payouts can be particularly appealing for those looking to capitalize on Europe's favorable economic conditions. Name Dividend Yield Dividend Rating Zurich Insurance Group (SWX:ZURN) 4.39% ★★★★★★ St. Galler Kantonalbank (SWX:SGKN) 3.93% ★★★★★★ Rubis (ENXTPA:RUI) 6.98% ★★★★★★ Julius Bär Gruppe (SWX:BAER) 4.93% ★★★★★★ HEXPOL (OM:HPOL B) 4.72% ★★★★★★ Deutsche Post (XTRA:DHL) 4.54% ★★★★★★ Cembra Money Bank (SWX:CMBN) 4.21% ★★★★★★ Bredband2 i Skandinavien (OM:BRE2) 4.15% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.70% ★★★★★★ Allianz (XTRA:ALV) 4.39% ★★★★★★ Click here to see the full list of 230 stocks from our Top European Dividend Stocks screener. We'll examine a selection from our screener results. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Teleperformance SE, along with its subsidiaries, operates as a digital business services company both in France and internationally, with a market cap of €5.54 billion. Operations: Teleperformance SE generates revenue through its segments, including Specialized Services (€1.49 billion), Core Services & D.I.B.S - Americas (€4.18 billion), and Core Services & D.I.B.S - Europe, Middle East & Africa (EMEA) & APAC (€4.61 billion). Dividend Yield: 4.5% Teleperformance SE recently approved a dividend of €4.20 per share, reflecting its commitment to returning value to shareholders. The dividend is well-supported by earnings and cash flows, with payout ratios of 47.9% and 15.6%, respectively, indicating sustainability. Despite a lower yield compared to the top French market payers, Teleperformance has consistently increased dividends over the past decade. Recent board appointments enhance expertise in AI, potentially supporting future growth amidst high debt levels and good relative valuation. Click to explore a detailed breakdown of our findings in Teleperformance's dividend report. Our expertly prepared valuation report Teleperformance implies its share price may be lower than expected. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: SpareBank 1 Helgeland offers a range of financial products and services to retail customers, small and medium enterprises, municipal authorities, and institutions in Norway, with a market cap of NOK4.80 billion. Operations: SpareBank 1 Helgeland's revenue is primarily derived from its Retail segment at NOK452 million and the Corporate Market segment at NOK304 million. Dividend Yield: 4.7% SpareBank 1 Helgeland's dividend payments have increased over the past decade but remain volatile, with significant annual drops. Despite this, current dividends are covered by earnings at a 51.2% payout ratio and forecasted to be sustainable with a 78.6% ratio in three years. Recent earnings showed net income growth to NOK 154 million for Q1 2025, yet net interest income declined slightly. The stock trades below estimated fair value but offers a modest yield compared to top Norwegian payers. Get an in-depth perspective on SpareBank 1 Helgeland's performance by reading our dividend report here. Our comprehensive valuation report raises the possibility that SpareBank 1 Helgeland is priced lower than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Deutsche Rohstoff AG, with a market cap of €184.32 million, is involved in the exploration and production of crude oil and natural gas across the United States, Australia, Western Europe, and South Korea through its subsidiaries. Operations: Deutsche Rohstoff AG generates revenue through its subsidiaries by exploring and producing crude oil and natural gas in regions including the United States, Australia, Western Europe, and South Korea. Dividend Yield: 5.3% Deutsche Rohstoff's dividend yield of 5.31% ranks among the top 25% in Germany, yet its payments have been volatile and not supported by free cash flows. Despite a low payout ratio of 20.5%, profit margins have declined from last year, and earnings are forecasted to decrease over the next three years. The company reported Q1 2025 net income of EUR 12.48 million, down from EUR 14.96 million a year ago, with sales increasing slightly to EUR 59.05 million. Delve into the full analysis dividend report here for a deeper understanding of Deutsche Rohstoff. Our valuation report unveils the possibility Deutsche Rohstoff's shares may be trading at a discount. Access the full spectrum of 230 Top European Dividend Stocks by clicking on this link. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ENXTPA:TEP OB:HELG and XTRA:DR0. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
