latest news releases from the newsroom
Observer pays dividend of SEK 0.45 per share
STOCKHOLM, Sweden, May 5, 2004 (PRIMEZONE) -- The Annual General Meeting of Observer AB on Tuesday, May 4, 2004 approved a dividend of SEK 0.45 (0.45) per share. The record date is May 7 and the dividend is expected to be paid on May 12, 2004.
Ahold Joint Venture Partner Canica AS Offers Shares to ICA Forbundet Invest AB
ZAANDAM, Netherlands, May 05, 2004 (PRIMEZONE) -- Ahold today announced that Canica AS ("Canica"), its joint venture partner in its Scandinavian joint venture ICA AB, has notified the third joint venture partner, ICA Forbundet Invest AB ("ICA Forbundet"), of its offer to transfer its entire stake of 20 percent in ICA AB to ICA Forbundet, under the applicable right of first refusal provision in the shareholders' agreement.
Credit Suisse Group
Credit Suisse Group Reports Strong Revenue Growth and Net Income of CHF 1.9 Billion for the First Quarter of 2004
ZURICH, Switzerland, May 5, 2004 (PRIMEZONE) -- Credit Suisse Group today reported net income of CHF 1.9 billion for the first quarter of 2004, compared to net income of CHF 279 million in the first quarter of 2003. Credit Suisse Financial Services recorded net income of CHF 1.1 billion in the first quarter of 2004, driven by increased revenue generation and efficiency improvements. Private Banking reported an inflow of CHF 10.8 billion in net new assets, representing an annualized growth rate of 8.4%. Corporate & Retail Banking achieved solid underlying revenues and continued productivity improvements, and both insurance segments recorded high investment income, with lower administration expenses at Life & Pensions and efficiency gains at Non-Life. At Credit Suisse First Boston, first quarter 2004 net income of CHF 759 million demonstrated the business unit's operating leverage, with progress in revenue growth and controlled risk-taking. Its return on average allocated capital was 28.1% and its pre-tax margin was 23.9%. Credit Suisse Group's consolidated BIS tier 1 ratio was 11.5% as of March 31, 2004.