Uniper Reports First-Quarter Loss After Decline in Energy Prices
German utility Uniper SE confirmed a first-quarter loss after a drop in energy prices since the start of the year.
Uniper reported a loss in adjusted earnings before interest, taxes, depreciation and amortization of €139 million ($157 million) in the first quarter, compared with profit of €885 million a year earlier.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Trump plans memorial to his mother on new Scottish golf course
Donald Trump is creating a memorial garden to his Scottish mother on the site of his new golf course in Aberdeenshire. The main feature of the garden will be a tribute carved in stone imported from Mary Anne Trump's birthplace, the Isle of Lewis in the Outer Hebrides. The announcement of Mr Trump's tribute to his mother came as Trump International Scotland unveiled the layout for a new course alongside the existing links course on his Menie estate. It is set to formally open this summer. Known officially as the Old and the New, the courses will combine to create what the company describes as ' the greatest 36 holes in golf' on the Aberdeenshire coast. The US president's mother was born Mary Anne MacLeod on Lewis, but emigrated to New York in 1930 when she was 18. She was one of tens of thousands of Scots who travelled to the US and Canada in the early years of the last century looking to escape economic hardship at home. She was hired as a domestic servant at the Carnegie Mansion on New York's Fifth Avenue and six years later married Frederick Trump, the successful property developer son of German migrants, and one of the most eligible men in New York. The US president was the fourth of the couple's five children. Mr Trump has spoken fondly of his mother, who died in 2000, aged 88. He said in an interview last year: 'The Scottish very great people, they're tough people. They're good fighters. [My mother] was funny, she had a great sense of humour.' Sarah Malone, the executive vice-president of Trump International, said: 'With the New course opening now fast approaching, we are delighted to share the final layout of this extraordinary links and the completion of The Greatest 36 Holes. 'It has been a phenomenal journey to create two truly exceptional world-class championship golf courses, across this magnificent stretch of North Sea coastline. 'The Trump family has a deep affection for Scotland, not only as the home of golf, but as the ancestral home of President Trump's beloved mother, Mary Anne MacLeod.' The plans for the second course were approved in 2019 alongside proposals for 550 new homes, shops, offices and restaurants. Planners received 2,921 valid representations from the public about the plan, 2,918 of which were objections and just 3 supported the Trump Organisation application. But despite the significant local opposition, Aberdeenshire council approved the £150 million plan. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Business Wire
an hour ago
- Business Wire
Great Point Partners Acquires Majority Stake in Eutecma – Sustainable Temperature Controlled Pharmaceutical Packaging
GREENWICH, Conn.--(BUSINESS WIRE)-- Great Point Partners ('GPP' or 'the Firm'), a Greenwich-based private investment firm focused exclusively on the health care industry, announced today the acquisition of a majority stake in Eutecma (or 'the Company'), a German-based developer of sustainable, modular, and reusable temperature controlled packaging solutions for pharmaceutical cold chain shipments. 'Nearly 17 years later we have the chance to make even greater strides, and we're thrilled to have GPP's support in this next phase of growth.' - Eutecma Co-Founder, Markus Baumgärtner Share Since its founding in 2008, Eutecma has been committed to producing passive cooling systems that make transport and logistics more sustainable and efficient. Eutecma is a leader in the pharmaceutical industry with its patented ICECATCH ® cooling systems being a top choice among pharmaceutical, medical, and laboratory diagnostics businesses. Eutecma's ' retecma ' has created a circular system for its packaging materials with an extensive network of Refreshment Centers. The process ensures materials remain in circulation for as long as possible while shrinking carbon dioxide (CO 2) emissions, and provides real-time CO 2 reduction data to clients. 'We have successfully created innovative and sustainable cold chain solutions that have proven themselves with well-known pharmaceutical customers,' said Eutecma Co-Founder, Florian Zeilfelder. 'Our work with GPP will advance that mission so we can strategically expand our reach, especially in the US and other geographies around the world.' 'Florian and I took a leap of faith when founding Eutecma because we knew we had an innovative idea for our industry,' said Eutecma Co-Founder, Markus Baumgärtner. 'Nearly 17 years later we have the chance to make even greater strides, and we're thrilled to have GPP's support in this next phase of growth.' With this partnership, Eutecma has also acquired Resolvision, Eutecma's proprietary re-use machine technology utilized at its Refreshment Centers. 'Eutecma impressed us with their innovative technology and approach to sustainability that is making a significant impact for pharmaceutical clients,' said Eddie Hjerpe, Senior Vice President at GPP. 'Their temperature performance, CO 2 reduction data, and differentiated engineering is exactly what the evolving cold-chain industry is looking for today.' 'Eutecma has the opportunity to further expand its global capabilities at a time when there's growing demand for reusability, cost-savings, and new cooling technologies within cold chain,' said Harrison Johnson, Vice President at GPP. 'This investment underscores our dedication to supporting exceptional high growth health care companies that assist in bringing lifesaving medicines to patients across the globe.' About Great Point Partners Great Point Partners ( founded in 2003 and based in Greenwich, CT, is a leading health care investment firm with 32 professionals, investing in the United States, Canada, and Western Europe. GPP is currently making new minority and majority private equity investments from GPP IV. Great Point manages approximately $1.5 Billion of capital in its private funds and public biotechnology equity strategy (BioMedical Value Fund). Great Point Partners has provided growth equity, growth recapitalization, and management buyout financing to more than 100 growing health care companies. The private equity funds invest across all sectors of the health care industry with a particular emphasis on biopharmaceutical services and supplies, alternate site care, contract manufacturing and information technology enabled businesses. The firm pursues a proactive and proprietary approach to sourcing investments and tuck-in acquisitions for its portfolio companies. About Eutecma Founded in 2008 by co-founders Florian Zeilfelder and Markus Baumgärtner, Eutecma ( is a leading designer and manufacturer of sustainable, modular, and reusable temperature controlled packaging solutions for pharmaceutical clients. The Company is headquartered in Mannheim, Germany with Refreshment Centers in the EU and U.S. Eutecma's product portfolio is designed to be reused for multiple shipments, which enables clients to meet their sustainability initiatives while simultaneously yielding lower upfront and total cost of shipment compared to other TCP solutions. To pair with its reusable TCP solutions, Eutecma's 'retecma' program enables the evaluation of used packaging at their Refreshment Centers for evaluation and refurbishment before reusing or recycling the solutions for future shipments. This refurbishment process creates a circular economy whereby Eutecma products are reused until their end of life, at which point they are recycled creating a fully circular, sustainable economy.
Business Journals
an hour ago
- Business Journals
German CNC maker establishes North American HQ in Austin
A German builder of machine tools that has worked with some of the largest companies in the world has opened its North American headquarters in Southeast Austin. Read more about the business in this report, which also includes ABJ's list of manufacturers in the region.
