Tech EU News
Get bigger, go public: SMEs launching on the stock exchange – business planet
In this edition of Business Planet we’re in the Spanish city of Seville. Getting financial backing…
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http://www.euronews.com/2013/11/29/get-bigger-go-public-smes-launching-on-the-stock-exchange
In this edition of Business Planet we’re in the Spanish city of Seville. Getting financial backing for new projects is not always an easy task for most of Europe’s 20 million SMEs, particularly for those seeking substantial capital investment. However, there is a potentially effective solution – list your company on the stock market.
Carbures Europe is a Spanish success story. In recent months this company specialising in carbon fibres and composite materials has become a world leader in its field in engineering, manufacturing and production systems.
It has just won a prize for ‘most internationally-minded newcomer’ in a competition for small and medium businesses run by the European Commission, leading European stock exchanges and public companies group, EuropeanIsseurs.
Since its stock market debut in March last year, the firm has raised 22 million euros and has grown spectacularly.
Rafael Contreras CEO of Carbures Europe said: “Before launching on the market there were 53 of us. Today we’ve a staff of 583. Our turnover was 10 million euros, now it’s 70 million.
Going public enabled this enterprise to access funds which it needed to develop extensively a double strategy of internationalisation and diversification.
The impact has been dramatic,says Contreras: We have 9 plants around the world; east and west coast in the US, in China and in Europe. Being on the stock market also expanded our technology into different sectors; automotive, aviation, railways and civil engineering.”
So, the stock market is potentially a great opportunity for development. But it is important to be aware of the benefits and other considerations.
These include handing over some control to shareholders, but there are other financial and human implications involved in going public. A SME must regularly disclose information about its operational activities, financial situation and business strategy.
Juan Juárez, the company’s chief financial officer says: “The advantages are ongoing access to capital, better exploitation of the company’s potential, more liquidity, a higher profile, and more credibility.”
If you need major capital investment to develop, and you believe this idea works for your business model, just be aware it requires a lot of preparation. So get expert advice before taking the first step.
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Tech EU News
Syria used chemical weapons last month: human rights group
According to Human Rights Watch (HRW) evidence suggests the Syrian government was behind chlorine barrel bombs hitting three Syrian towns last month.
Barrel bombs typically are large, empty oil drums filled with explosives and scrap metal and rolled out of a helicopter.
The Syrian government is the only party in the conflict with helicopters and other aircraft.
Photos on HRW’s website show explosions and, what witnessed described as “yellow smoke” which may be seen at the base of the dust cl…
READ MORE : http://www.euronews.com/2014/05/13/syria-used-chemical-weapons-last-month-human-rights-group
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Tech EU News
Milan-Cortina d’Ampezzo awarded 2026 Olympic Winter Games
Four other potential hosts earlier dropped out of the race with concerns over the size and cost of the event.…
READ MORE : https://www.euronews.com/2019/06/24/milan-cortina-d-ampezzo-awarded-2026-olympic-winter-games
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Tech EU News
AI-generated image of Vatican ‘devil worship’ goes viral
A picture showing priests and cardinals gathered around a Satanic-like figure in a black mass is circulating on social media, shared in various contexts.
READ MORE : https://www.euronews.com/2024/11/12/ai-generated-image-of-vatican-devil-worship-goes-viral
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Kenya: four Somalis charged with helping terrorists who attacked Westgate shopping mall
Four Somali men have been charged with helping the al-Shabaab extremists who attacked a shopping…
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http://www.euronews.com/2013/11/04/kenya-four-somalis-charged-with-helping-terrorists-who-attacked-westgate-
Four Somali men have been charged with helping the al-Shabaab extremists who attacked a shopping mall, killing at least 67 people.
The four are accused of supporting a terrorist group by giving shelter to the attackers in their homes in the Somali neighbourhood of Eastleigh in Nairobi as well as being in Kenya illegally.
None of them is accused of being involved in the shooting. The Kenyan army has said all four of the attackers died during the siege.
There are still few details about how the September attack on the Westgate shopping centre was masterminded or how gunmen held off Kenyan security forces for four days during the siege.
Somali Islamic militant group Al Shabaab has said it carried out the attack in retaliation for the Kenyan army being in Somalia where it is part of an African peacekeeping force.
The accused were named as Mohamed Ahmed Abdi, Liban Abdullah Omar and Hussein Hassan. A fourth was identified as Adan Mohamed Ibrahim, although he was listed as using other aliases.
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Tech EU News
Chill winds hit Vestas 3,000 jobs to go
http://www.euronews.com/ Danish turbine maker Vestas is to axe 3,000 jobs after poor orders battered third-quarter profits.
The sector has been fighting overcapacity, rising costs and government budget cuts.
Markets have called on the company to raise cash something the Vestas disagrees with.
Shares fell some 14 percent to a three-month low as an ill wind blows through the company.
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