Latest news with #MichaelMueller
Reuters
15-05-2025
- Business
- Reuters
RWE won't decide on additional buybacks before 2026, CFO says
FRANKFURT/DUESSELDORF, May 15 (Reuters) - RWE ( opens new tab will decide on whether to expand or extend share buybacks next year, its finance chief said, pouring cold water on hopes of some of its investors for a more aggressive approach. RWE's current buyback programme has a volume of up to 1.5 billion euros ($1.68 billion) and several investors, including Elliott ( Selwood Asset Management and Enkraft Capital, have urged the company to expand the programme significantly. "The current share buyback programme runs until the second quarter of 2026, and at that point we will also look at whether we should extend the programme," finance chief Michael Mueller told journalists after presenting first-quarter results. He said there would be no decision before that. RWE has said that buybacks would remain part of its options going forward but has so far refrained from committing more capital to it, saying it depended on several factors including share price and framework conditions in the sector. Shareholder group VkA -- which represents a stake of around 14% in RWE -- said last month the company should keep investing in renewable projects rather than spending more money on buybacks. A person familiar with the matter said that both was possible at the same time. "Increasing the buyback doesn't mean you have to stop being a renewable company. It is difficult to understand why they are not doing it now," the person said. ($1 = 0.8945 euros)
Yahoo
05-05-2025
- Politics
- Yahoo
Frankfort to host flood recovery town hall: What to know
FRANKFORT, Ky. (FOX 56) — Franklin County leaders will be hosting a flood recovery town hall on Monday, May 5. The Franklin County Fiscal Court announced that the town hall will take place from 5 p.m. to 7 p.m. on Monday at the Frankfort Plant Board conference room at 151 Flynn Avenue. The town hall is being held in response to April's devastating floods, which left behind damage to thousands of homes as well as other city infrastructure. Frankfort to host flood recovery town hall: What to know Star Wars fans at McConnell Springs celebrate 'May the Fourth' in style Nicholasville Fire Department pays tribute to fallen former chief on International Firefighters' Day Town hall organizers said representatives from FEMA, Frankfort planning and zoning officials, and electrical inspectors will accompany Mayor Layne Wilkerson and Judge Executive Michael Mueller. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Tourism Breaking News
22-04-2025
- Automotive
- Tourism Breaking News
Blacklane unveils expansion in Saudi Arabia
Post Views: 46 Blacklane has revealed expansion plans throughout the Kingdom of Saudi Arabia as part of its growth strategy. This milestone marks the first phase of Blacklane's expansion across the Kingdom, supported by TASARU Mobility Investments ('TASARU'), an investment entity wholly owned by the Public Investment Fund ('PIF'). The expansion follows the momentum of Blacklane's scale-up across Dubai and marks a considerable step in its continued growth across the Middle East. Blacklane now has operations in more than 50 countries. Addressing the increasing demand for luxury and sustainable mobility services in the region, Blacklane will offer premium vehicles, with plans to introduce electric vehicles (EVs) in a future phase to set a new benchmark for sustainable mobility across the Kingdom. Plus, Blacklane's investment plans include the roll out of the Blacklane Chauffeur Academy providing professional training options to chauffeur partners in Saudi Arabia. First-class options available on the Blacklane platform will include Blacklane's trademark black and white two-tone luxury vehicles. Dr. Jens Wohltorf, CEO and co-founder, Blacklane, said: 'Bringing our luxury chauffeur service to the Kingdom marks an exciting milestone in Blacklane's global expansion. Saudi is a key destination for sophisticated travellers and residents alike, and we're proud to introduce a new standard of reliable, high quality and seamless mobility to the region. We are dedicated to fostering local talent and supporting the continued growth of Saudi's thriving economic diversification'. Michael Mueller, CEO of TASARU Mobility Investments, said: 'TASARU's investment in Blacklane marks a key milestone in our ongoing efforts to transform the mobility sector in Saudi Arabia. By introducing premium, sustainable chauffeur services and advanced training through the Chauffeur Academy, we're actively contributing to Vision 2030's objectives, including economic diversification, and local job creation. Blacklane's presence in the Kingdom not only enriches the mobility landscape but also sets the standard for future growth and innovation.' Following the establishment of the Riyadh office, Blacklane has made several strategic appointments in the last few months as part of its expansion across the Kingdom. Led by general manager Adib Samara, this growing sales, marketing, operations and account management team is a critical component in the brand's expansion and investment across Saudi Arabia. Blacklane provides chauffeur services in Riyadh, Jeddah, Dammam, and Mecca. Presence across further cities in Saudi Arabia will be announced in the coming months.
Trade Arabia
21-04-2025
- Automotive
- Trade Arabia
Blacklane unveils Saudi Arabia expansion
Blacklane, a global chauffeur service, has announced plans to expand in Saudi Arabia, marking the first phase of its expansion. The move follows Blacklane's expansion in Dubai and is part of its continued growth in the Middle East. The company plans to offer premium vehicles and introduce electric vehicles in the future to set a new benchmark for sustainable mobility. Additionally, Blacklane plans to roll out the Blacklane Chauffeur Academy, providing professional training options for chauffeur partners in Saudi Arabia. The first-class options on the Blacklane platform will include Blacklane's trademark black and white two-tone luxury vehicles. Dr Jens Wohltorf, CEO and co-founder, Blacklane, said: 'Bringing our luxury chauffeur service to the Kingdom marks an exciting milestone in Blacklane's global expansion. Saudi is a key destination for sophisticated travellers and residents alike, and we're proud to introduce a new standard of reliable, high quality and seamless mobility to the region. We are dedicated to fostering local talent and supporting the continued growth of Saudi's thriving economic diversification'. Michael Mueller, CEO of TASARU Mobility Investments, said: 'TASARU's investment in Blacklane marks a key milestone in our ongoing efforts to transform the mobility sector in Saudi Arabia. By introducing premium, sustainable chauffeur services and advanced training through the Chauffeur Academy, we're actively contributing to Vision 2030's objectives, including economic diversification, and local job creation. Blacklane's presence in the Kingdom not only enriches the mobility landscape but also sets the standard for future growth and innovation.'
Zawya
21-04-2025
- Automotive
- Zawya
Blacklane unveils Saudi Arabia expansion
Riyadh, Saudi Arabia: Blacklane, the global chauffeur service, has revealed expansion plans throughout the Kingdom of Saudi Arabia as part of its growth strategy. This milestone marks the first phase of Blacklane's expansion across the Kingdom, supported by TASARU Mobility Investments ('TASARU'), an investment entity wholly owned by the Public Investment Fund ("PIF"). The expansion follows the momentum of Blacklane's scale-up across Dubai and marks a considerable step in its continued growth across the Middle East. Blacklane now has operations in more than 50 countries. Addressing the increasing demand for luxury and sustainable mobility services in the region, Blacklane will offer premium vehicles, with plans to introduce electric vehicles (EVs) in a future phase to set a new benchmark for sustainable mobility across the Kingdom. Plus, Blacklane's investment plans include the roll out of the Blacklane Chauffeur Academy providing professional training options to chauffeur partners in Saudi Arabia. First-class options available on the Blacklane platform will include Blacklane's trademark black and white two-tone luxury vehicles. Dr. Jens Wohltorf, CEO and co-founder, Blacklane, said: 'Bringing our luxury chauffeur service to the Kingdom marks an exciting milestone in Blacklane's global expansion. Saudi is a key destination for sophisticated travellers and residents alike, and we're proud to introduce a new standard of reliable, high quality and seamless mobility to the region. We are dedicated to fostering local talent and supporting the continued growth of Saudi's thriving economic diversification'. Michael Mueller, CEO of TASARU Mobility Investments, said: 'TASARU's investment in Blacklane marks a key milestone in our ongoing efforts to transform the mobility sector in Saudi Arabia. By introducing premium, sustainable chauffeur services and advanced training through the Chauffeur Academy, we're actively contributing to Vision 2030's objectives, including economic diversification, and local job creation. Blacklane's presence in the Kingdom not only enriches the mobility landscape but also sets the standard for future growth and innovation.' Following the establishment of the Riyadh office, Blacklane has made several strategic appointments in the last few months as part of its expansion across the Kingdom. Led by general manager Adib Samara, this growing sales, marketing, operations and account management team is a critical component in the brand's expansion and investment across Saudi Arabia. Blacklane provides chauffeur services in Riyadh, Jeddah, Dammam, and Mecca. Presence across further cities in Saudi Arabia will be announced in the coming months. For more information, visit ABOUT BLACKLANE We are Blacklane, providers of premium global chauffeur services. Our mission is to create outstanding experiences for discerning guests by delivering perfect experiences around the world to inspire for a better future. Blacklane offers Airport Transfers, City-to-City commutes, In-City mobility options and chauffeur By-the-Hour services in over 50 countries globally, either pre-booked or on demand. Whether it's for business or pleasure, Blacklane and its 400 employees and thousands of chauffeur partners have the right premium transportation service for you. By changing how people move, we opened up new opportunities for our chauffeur providers and set industry standards for climate protection in the travel industry. Book on or download our app. For further information, please contact press@ or enquiries@
