Latest news with #AIBGroup
Yahoo
3 days ago
- Business
- Yahoo
Fiserv to Acquire AIB Merchant Services
Focus remains on delivering market-leading solutions to SMEs across Ireland and the broader European market MILWAUKEE & DUBLIN, June 06, 2025--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, announced today that it has agreed to acquire the remaining 49.9% of AIB Merchant Services (AIBMS), its joint venture with AIB Group, in a transaction focused on driving continued growth in Ireland and the broader European market. Founded in 2007, AIBMS is one of Ireland's largest payment solution providers and one of Europe's largest e-commerce acquirers. AIBMS has been very successful to date and AIB Group will continue to work exclusively with AIBMS and Fiserv by referring customers who require merchant acquiring services. Financial terms of the transaction were not disclosed. "We have enjoyed a strong partnership with AIB Group, as together we grew AIBMS into one of the leading acquirers in Europe, and I look forward to continuing to work closely with them to support our mutual clients," said Katia Karpova, Head of the EMEA region at Fiserv. "Our focus will remain on delivering market-leading solutions to clients of all sizes across Ireland and the broader European market. We are particularly excited for the opportunity to accelerate the local penetration and growth of Clover, the world's smartest point-of-sale system and business management platform." "Following a successful Joint Venture partnership, we believe Fiserv has the commitment, experience and innovative technical solutions to grow AIBMS and that our customers will continue to be well-served under their sole ownership," said Colin Hunt, Chief Executive Officer of AIB. "Recognising the strength of the AIB customer franchise, we are pleased to support our business customers by maintaining a close on-going relationship with Fiserv. AIB continues to implement its strategy at pace, with strong progress in each of our three focus areas: Customer First, Greening our Business and Operational Efficiency and Resilience. We wish AIBMS and Fiserv every success in the future." The transaction is subject to regulatory approvals and closing conditions and is expected to close in the third quarter. About Fiserv Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world's smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World's Most Admired Companies™. Visit and follow on social media for more information and the latest company news. About AIB AIB is a financial services group operating predominantly in Ireland and the United Kingdom. We provide a range of services to retail, business and corporate customers, with market-leading positions in key segments. AIB is the principal brand across all geographies. In Ireland, EBS is our challenger brand and Haven is our mortgage broker channel. For further information, please visit FI-G View source version on Contacts Media Relations: Jack HickeyVP, EMEA CommunicationsFiserv, Inc.+ Additional Contact: Melissa MoritzVP, Corporate CommunicationsFiserv, Inc.+ 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
Business Mayor
21-05-2025
- Business
- Business Mayor
Irish stock market closes at fresh all-time high
Despite retail stocks weighing down the market, European stocks were little changed on Wednesday. General stocks gains limited the losses as investors reacted to changes in US taxation policies. The pan-European STOXX 600 closed slightly lower, down 0.8 per cent, as Dublin saw a marginal day of trading. Dublin While fallers outnumbered risers, the Iseq All-Share index ended the session slightly up 25.31 or 0.22 per cent from its previous close, at 11,399.48, its highest ever close. There was a mixed performance in the banking sector. Bank of Ireland rose 0.89 per cent to €11.995, following on from a strong performance on Tuesday. Fellow banking stocks, Permanent TSB dropped 0.58 per cent and AIB Group fell 0.45 per cent. Defensive stocks also had a mixed day of trading. While Kerry Group added 0.67 per cent, rising to a share price of €97.35, fellow dairy giant Glanbia fell 0.24 per cent. Healthcare services group Uniphar saw a 1 per cent fall in its share price. Ryanair, which rose 5 per cent after publishing financial results on Monday, saw a third consecutive rise this week adding 0.63 per cent, reaching €23.85 per share. London The FTSE 100 was nearly flat with a 0.06 per cent gain, while the midcap FTSE 250 fell 0.7 per cent, as the inflation data triggered a slight wobble on the more domestically-focused index. Among blue-chips, sportswear retailer JD Sports' shares were the worst hit, dropping 10.6 per cent after it warned that President Donald Trump's tariffs may force the company to hike prices in the key market. SSE fell 2.4 per cent after the renewable energy generator cut its five-year investment plans by 15 per cent. Keeping losses in check, precious metal miners gained 3 per cent as gold prices rose for a third straight session and hit a one-week high. Fresnillo gained the most in the FTSE 100 with 4.2 per cent rise. Water utility Severn Trent shares gained 2.3 per cent after it projected a doubling of adjusted earnings per share between 2025 to 2028. Europe The European benchmark shed 0.8 per cent amid declines in luxury and retail stocks. JD Sports fell 10.6 per cent to the bottom of the STOXX 600 after posting a 2 per cent drop in first-quarter underlying sales and warned that higher prices in its key U.S. market could hit customer demand. LVMH, Hermes and Kering among others fell over 2 per cent after luxury group Chanel reported a 4.3 per cent drop in its comparable yearly sales. Tech shares helped to outweigh these losses, German chipmaker Infineon's 2.3 per cent gain after it said it would work with Nvidia to develop chips for new power delivery systems inside artificial intelligence data centres provided a boost to the sector. The STOXX 600, however, has recovered from its April slump, and is trading less than 3 per cent away from its all-time highs. An index tracking defence stocks was up 0.5 per cent after Trump selected a design for the $175 billion Golden Dome missile defence shield on Tuesday. Morgan Stanley raised its view on the European banking sector to 'attractive', citing better earnings potential from continued yield steepening. The European banks index is among the top performing sectors this year. Read More The Growing Allure of the Eurovision Song Contest to Brands Swiss bank Julius Baer slid 4.9 per cent after reporting a 130 million Swiss franc ($156.4 million) charge from a credit portfolio review and replacing its chief risk officer. New York In a volatile session on Wall Street, the S & P500 had slipped with Treasury yields rising in reaction to the US President Donald Trump's proposed tax-cut law during mid afternoon trading. Boosting the Nasdaq, Google-parent Alphabet recorded a jump, while Nvidia and Meta Platforms climbed saw stocks rise slightly. Nine of the 11 S&P sub-sectors traded lower, with Healthcare being the worst hit. UnitedHealth Group saw its shares fall, following a Guardian report said the healthcare conglomerate secretly paid nursing homes thousands in bonuses to help reduce hospital transfers for ailing residents. HSBC also downgraded the stock to 'reduce' from 'hold'. In earnings, retailer Target fell after slashing its annual forecast due to a pullback in discretionary spending. Wolfspeed had lost nearly 70 per cent during mid afternoon trading following a report that the semiconductor supplier was preparing to file for bankruptcy within weeks. Despite the losses, U.S. stocks have had a solid month so far. The S&P 500 has climbed more than 17 per cent from its April lows, when Trump's reciprocal tariffs roiled global markets. On the back of bitcoin recording a fresh all-time high of $109,481.83 (€96,460.61) during the session, exchange operator Coinbase gained alongside crypto miners such as Riot Platforms. – Additional reporting by Reuters.
Irish Times
14-05-2025
- Business
- Irish Times
European stock rally hurt by healthcare woes
The pan-European Stoxx 600 remained largely steady in trading even as the index saw its recent four-day rally fractured by healthcare stocks, ending the day 0.2 per cent weaker. The big markets stayed relatively stable as investors assess developments in US trade policy following a period of share rebounds. DUBLIN Bucking the European trend, the Iseq All-Share index ended the session up 1 per cent to 11,163.34. READ MORE The index's advance was led by banking stocks, with AIB Group leading the way. It finished 2.3 per cent stronger on €6.64 following the news that the bank had completed a stock buyback from the State. Elsewhere in the sector, Bank of Ireland jumped 1.69 per cent to €11.76, and Permanent TSB Group saw a 1.43 per cent gain to 1.775. Ryanair was the most actively traded stock of the day and rose 2.27 per cent to €22.50. The biggest drops of the day were both in property with Cairn Homes down 2.60 per cent and Glenveagh falling 2.12 per cent. LONDON Britain's blue-chip FTSE 100 index closed lower on Wednesday, while mid-caps clocked gains as investors assessed a mixed bag of corporate earnings, and the focus shifted to the state of the country's economy. The FTSE 100 was down 0.2 per cent, while the domestically focused FTSE 250 was up 0.3 per cent. Despite the day's muted performance, Goldman Sachs raised its 12-month forecast for the FTSE 100 to 8,800 from 8,500. Shares of Imperial Brands fell 7.3 per cent to the bottom of the index after the cigarette maker said chief executive Stefan Bomhard will retire after five years in the role. Compass Group's stock fell 2.5 per cent after the catering firm released unchanged annual profit and revenue forecasts. Losses were kept in check as Burberry's stock jumped 17 per cent to lead mid-cap performers after the British luxury brand announced plans to shed 1,700 jobs – about a fifth of its global workforce. Sticking with fashion, Asos shares gained 3.2 per cent after parcel locker company InPost announced a partnership with the British online fashion retailer to introduce a next-day out-of-home delivery service. EUROPE The Stoxx 600 dropped 0.2 per cent, but stayed well above its early April lows in light of Trump's tariff announcement. The announcement of a number of trade deals has led to Goldman Sachs raising its 12-month forecast for the Stoxx 600 to 570 points, from 520. Healthcare shares were the biggest drag on the market on Wednesday, down 1.5 per cent. Alcon logged its biggest one-day fall since March 2020 after missing expectations for quarterly results and revising its 2025 outlook to reflect the impact of US tariffs. Most sectors ended the day slightly lower, although banks rallied 1.4 per cent to trade at the highest since August 2010. Train-maker Alstom was the poorest performer on the Stoxx 600, tumbling over 17 per cent after its forecast for the current year disappointed investors. Tui, Europe's largest travel operator, was down about 11 per cent after flagging a 1 per cent drop in summer bookings. NEW YORK The three big New York indices were on a knife edge in late afternoon trading as investors watched for trade developments during Donald Trump's tour of the Gulf states. Technology companies helped to keep the S&P 500 in the black, with Nvidia among top gainers alongside Advanced Micro Devices (AMD) after the latter approved a new $6 billion share buyback programme. Boeing gained after state carrier Qatar Airways signed a deal to purchase jets from the plane maker during Trump's visit to Doha. But eight of the 11 S&P sectors traded lower, with utilities worst hit. American Eagle Outfitters was among the few earnings-related movers, falling after the apparel company withdrew its annual forecasts, citing tariff-fuelled economic uncertainty. – Additional reporting, Reuters.
Yahoo
08-05-2025
- Business
- Yahoo
Top European Dividend Stocks To Consider In May 2025
As European markets experience a notable upswing, with the STOXX Europe 600 Index climbing by 3.44% amidst easing tariff concerns, investors are increasingly focused on opportunities within the region's dividend stocks. In this environment of accelerated economic growth and rising stock indexes, identifying reliable dividend-paying stocks can be an effective strategy for generating steady income while potentially benefiting from capital appreciation. Name Dividend Yield Dividend Rating Julius Bär Gruppe (SWX:BAER) 4.79% ★★★★★★ Zurich Insurance Group (SWX:ZURN) 4.30% ★★★★★★ Bredband2 i Skandinavien (OM:BRE2) 4.47% ★★★★★★ OVB Holding (XTRA:O4B) 4.42% ★★★★★★ Rubis (ENXTPA:RUI) 6.89% ★★★★★★ Deutsche Post (XTRA:DHL) 5.03% ★★★★★★ HEXPOL (OM:HPOL B) 4.94% ★★★★★★ S.N. Nuclearelectrica (BVB:SNN) 9.53% ★★★★★★ Cembra Money Bank (SWX:CMBN) 4.20% ★★★★★★ Banque Cantonale Vaudoise (SWX:BCVN) 4.36% ★★★★★★ Click here to see the full list of 239 stocks from our Top European Dividend Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: VIEL & Cie, société anonyme is an investment company offering interdealer broking, online trading, and private banking services across Europe, the Middle East, Africa, the Americas, and the Asia-Pacific region with a market cap of €890.19 million. Operations: VIEL & Cie société anonyme generates revenue through its Stock Exchange Online segment, which accounts for €75.40 million, and Professional Intermediation services, contributing €1.10 billion. Dividend Yield: 3.3% VIEL & Cie société anonyme has announced an annual dividend of €0.47 per share, reflecting a stable and growing dividend history over the past decade. Despite trading at 29.2% below its estimated fair value, VIEL's dividends are well covered by earnings with a low payout ratio of 22.4%. Recent earnings growth of 23% and revenue increase to €1.18 billion bolster its financial position, although its yield is lower than top-tier French dividend payers. Take a closer look at VIEL & Cie société anonyme's potential here in our dividend report. The analysis detailed in our VIEL & Cie société anonyme valuation report hints at an deflated share price compared to its estimated value. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: AIB Group plc offers banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally, with a market cap of €14.44 billion. Operations: AIB Group's revenue is primarily derived from its Retail segment (€3.11 billion), followed by Capital Markets (€1.21 billion), AIB UK (€315 million), and Climate Capital (€109 million). Dividend Yield: 6% AIB Group offers a competitive dividend yield in the Irish market, with recent increases to €0.3698 per share. Despite a volatile dividend history over seven years, current and forecasted payout ratios of 40% and 51.4%, respectively, suggest sustainability. However, challenges include high non-performing loans at 2.8% and earnings projected to decline by an average of 9.9% annually over the next three years, which may affect future dividend reliability despite strong net interest income growth in recent reports. Navigate through the intricacies of AIB Group with our comprehensive dividend report here. Insights from our recent valuation report point to the potential undervaluation of AIB Group shares in the market. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Rainbow Tours S.A. is a tour operator providing travel services across Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania and internationally with a market cap of PLN2.21 billion. Operations: Rainbow Tours S.A. generates revenue primarily from its Tour Operator Activities in Poland (PLN3.99 billion) and abroad (PLN158.94 million), complemented by its Hotel Segment operations internationally (PLN53.92 million). Dividend Yield: 4.5% Rainbow Tours' dividend yield of 4.5% is below the top tier in Poland, and its history shows volatility over the past decade, despite some growth. The company's dividends are well-covered by earnings and cash flows, with payout ratios of 37.7% and 46.5%, respectively, suggesting sustainability. Recent earnings reports show significant growth in sales to PLN 4.07 billion and net income to PLN 281.98 million for 2024, although future earnings are projected to decline slightly by an average of 0.3% annually over three years. Click to explore a detailed breakdown of our findings in Rainbow Tours' dividend report. Our comprehensive valuation report raises the possibility that Rainbow Tours is priced lower than what may be justified by its financials. Investigate our full lineup of 239 Top European Dividend Stocks right here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. 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:VIL ISE:A5G and WSE:RBW. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Bloomberg
08-05-2025
- Business
- Bloomberg
AIB Proceeds With 1.2 Billion Buyback with Irish State
AIB Group Plc's board will proceed with a €1.2 billion ($1.4 billion) share buyback from the Irish state, after shareholders approved the deal that will put the bank on the brink of full private ownership. The bank's board of directors confirmed the off-market purchase in a statement on Thursday.
