Fraport AG Frankfurt Airport Decides To Buy Back Own Shares For Employee Participation Program

RTTNews | 28 days ago
Fraport AG Frankfurt Airport Decides To Buy Back Own Shares For Employee Participation Program

(RTTNews) - As part of it's employee participation program this year, the Executive Board of Fraport AG Frankfurt Airport Services Worldwide has decided to buy back own shares through the stock exchange.

To fulfill all claims up to 75,000 of its own shares (about 0.081 percent of the capital stock) will be bought back.

The share buyback serves solely to fulfil the obligations arising from the employee share capital program of Fraport AG Frankfurt Airport Services Worldwide. The total purchase price (excluding incidental costs) is up to 4.00 million euros.

The share buyback will begin on 04 June 2024 and will be completed by 30 June 2024 and it will be carried out by an independent financial service provider.

read more
Fraport Stock Up On H1 Profit, Upbeat FY23 Earnings View

Fraport Stock Up On H1 Profit, Upbeat FY23 Earnings View

Shares of Fraport Group were gaining around 8 percent in the morning trading in Germany after the airport operator reported Tuesday a profit in its first half, compared to last year's loss, with strong passenger demand. The company further said it now expects to meet the upper half of its earnings projection range for fiscal 2023.
RTTNews | 318 days ago
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market ended notably lower on Friday with stocks reeling under pressure right through the day's session amid concerns about the outlook for global economic growth.
RTTNews | 5h 54min ago
Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

Canadian Stocks Turning In Mixed Performance; TSX Down Marginally

The Canadian market is down in negative territory on Friday with stocks turning in a mixed performance as investors digest the latest batch of economic data from Canada and the U.S., and assessing the likely interest rate moves by the Federal Reserve.
RTTNews | 7h 10min ago
U.S. Dollar Advances Following Strong PMI Data

U.S. Dollar Advances Following Strong PMI Data

The U.S. dollar was higher against its major counterparts in the New York session on Friday, as the nation's private sector activity accelerated in June, marking the highest level since April 2022.
RTTNews | 7h 11min ago
U.S. Leading Economic Index Falls More Than Expected In May

U.S. Leading Economic Index Falls More Than Expected In May

A report released by the Conference Board on Friday showed its reading on leading U.S. economic indicators fell by more than expected in the month of May. The Conference Board said its leading economic index decreased by 0.5 percent in May following a 0.6 percent decline in April. Economist had expected the index to dip by 0.3 percent.
RTTNews | 8h 55min ago
U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May

U.S. Existing Home Sales Decrease Roughly In Line With Estimates In May

The National Association of Realtors released a report on Friday showing existing home sales in the U.S. decreased roughly in line with economist estimates in the month of May. The report said existing home sales slid 0.7 percent to an annual rate of 4.11 million in May after tumbling by 1.9 percent to an annual rate of 4.14 million.
RTTNews | 8h 59min ago
UK Private Sector Grows At Slowest Pace In 7 Months

UK Private Sector Grows At Slowest Pace In 7 Months

The UK private sector growth weakened to a seven-month low in June as the slowdown in the service sector growth offset the stronger performance in manufacturing, flash survey results published by S&P Global revealed on Friday. The flash composite output index dropped unexpectedly to 51.7 in June from 53.0 in May. The score was forecast to rise marginally to 53.1.
RTTNews | 10h 6min ago