Sweco expands circular economy services with new acquisitions
This strategic move will add approximately 40 specialists to Sweco's team in Luxembourg, complementing its existing 110 experts and enhancing the company's service offerings in the Benelux region.
PROgroup's effective management and execution of projects is set to enhance Sweco's integrated project management services.
+ImpaKT specialises in circular economy consultancy, assisting businesses and public sector entities in developing data-driven sustainability strategies.
The company's work with EU-supported initiatives such as CIRPASS and Onto-DESIDE promotes digital tool development and standards for circular economy practices.
The consultancy addresses the growing demand for circular business models and compliance with EU regulations such as digital product passports and environmental, social, and governance reporting.
The combined turnover of PROgroup and +ImpaKT in 2024 was reported at €5.1m ($6m).
Sweco, headquartered in Brussels, Belgium, reported a turnover of approximately €350m. The integration of the acquired companies into Sweco will take place immediately.
The acquisitions are in line with Sweco's strategy to grow by adding key competencies that complement the expertise of its 22,000-strong workforce.
"Sweco expands circular economy services with new acquisitions" was originally created and published by World Construction Network, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
Keybanc Hikes Spotify Technology S.A. (SPOT)'s Price Target To $860, Maintains Overweight Rating
Spotify Technology S.A. (NYSE:SPOT) is among the 13 Best Global Stocks to Buy Right Now. On July 11, Keybanc lifted the stock's price target to $860 from $640, while maintaining an Overweight rating for its shares. The adjustment represents significant upside potential, given its share price of $674.46 at the close on July 23. Copyright: dennizn / 123RF Stock Photo The firm said that it expects Spotify Technology S.A. (NYSE:SPOT)'s second-quarter results and guidance for the third quarter to contain some variability related to foreign exchange, seasonal gross margin dynamics, and social charges. The analyst has advised investors to buy any near-term dips and reiterated that its core thesis remains intact. Keybanc believes that music is under-monetized in a price inflationary market with favorable competitive dynamics and several initiatives that support high-teens revenue growth. In other news, Deutsche Bank on Wednesday also raised Spotify Technology S.A. (NYSE:SPOT)'s target price to $775 from $700 and maintained a Buy rating for its shares. The Luxembourg-based company, which provides digital music-streaming services worldwide, has seen impressive returns in 2025, gaining 51% year-to-date. While we acknowledge the potential of SPOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Small Cap Defense Stocks to Buy According to Hedge Funds and 13 Best Booming Stocks to Buy Now. Disclosure: None. 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
Yahoo
3 hours ago
- Yahoo
EU's Sluggish Economy Faces Moderate Growth Slowdown from US Trade Tensions
A US-EU deal appears increasingly likely. The recent trade agreement between the US and Japan has increased pressure on the EU and other trading partners to pursue a similar arrangement. Ongoing negotiations suggest that a 15% levy on most EU exports to the US might be introduced, with EU officials pushing to have this rate applied to certain sectors, including automobiles. Steel and aluminium imports above a certain quota might face the current higher levy of 50%. President Donald Trump has persisted with his policy of imposing higher tariffs on trading partners, so the EU faces a potential 30% tariff without an agreement, up from the 20% tax imposed in April and then paused, although still below the 50% rate threatened in May. The EU has avoided direct retaliation to date. Scope Ratings (Scope) expects this cautious approach to continue, even as the EU prepares possible counter-measures. Nevertheless, the approach risks growing tariff asymmetries particularly if US levies on EU goods rise more quickly than EU levies on US exports. Scope's model-based estimates suggest that the implementation of a 15% US tariff would trim euro area and EU growth within a year by increasing the effective US tariff on EU exports by around 16pps, excluding the proposed across-the-board 30% rate (Figure 1). This estimate assumes threatened levies on pharmaceutical exports go into effect. The most-exposed EU economies are those with a large trade surplus and/or significant trade with the US, such as Germany and Ireland, with the impact of higher tariffs also felt indirectly through their effect on global supply chains. Among the EU's four largest economies – Germany, France, Italy and Spain – Germany and Italy are the most vulnerable, each facing an estimated short-term output loss of 0.4pps. The higher tariffs will reduce Spain's output by a moderate 0.3pps in the medium run. France is expected to experience a more modest cumulative reduction in output of 0.2pps in the medium term. Trade tensions underpinned the reduction last month of Scope's forecast for euro area growth for 2025 by 0.5pps to 1.1% though growth is expected to improve to 1.5% next year, lifted by fiscal stimulus in Germany and higher defence spending across the EU. Figure 1. US tariff rises set back growth in the largest EU economies Cumulative impact on real output (percentage-point change) assuming a 15% levy on EU exports Threatened 30% Levies Would Raise Economic Costs for the EU Economy Alternatively, if the US goes ahead with the threatened imposition of 30% tariffs on the EU on 1 August, equivalent to a rise in the effective US rates by around 26pps in aggregate this year, and the EU adopts counter-measures, the adverse effect on growth in the EU would clearly be more significant. For illustrative purposes, if both the 30% levies imposed by the US and EU counter-measures come into force on or shortly after 1 August and hypothetically stayed at the higher rates in the years ahead, Scope estimates suggest an aggregate output loss of 0.6pps by 2028 for the euro area and 0.5pps for the EU economy (Figure 2). Figure 2. EU, euro area economies are vulnerable to the imposition of much higher US levies Cumulative effect on real output (percentage-point change) in a scenario of 30% US tariff, EU countermeasures Averting this potentially damaging trade outcome for Europe depends on the negotiations underway in which the EU, even as the world's largest and most-open trading bloc, is at a disadvantage partly due to the greater importance of the US for its exporters than vice versa (Figure 3). The EU is seeking to bolster trade co-operation with other trading partners. Figure 3. US market more important for EU exporters than vice versa %; the dot sizes represent the dollar value of exports to the US, 2024 US-EU Preliminary Agreement Probable Considering this, it appears likely that the US and EU will achieve some form of a framework agreement even if this involves average US levies of above 10%. A preliminary agreement by 1 August remains firmly possible. Nevertheless, given the seesawing US trade policies of the recent months, the White House might in an alternative scenario firstly impose the 30% levies, potentially temporarily, as leverage in negotiations before settling on an agreement after 1 August. Any preliminary agreement is likely to contain many caveats and carve-outs – with limited enforceability – serving only to avert further worst-case escalation and act as the starting point for further negotiations. The EU has several ways to retaliate in the scenario of a worsening trade war, from the newly introduced but yet-to-be-used anti-coercion mechanism to possible tariffs on American exports and the imposition of export controls, though Scope expects any such retaliation to remain gradual. Related material: Report: Scope's 2025 mid-year global economic outlook Presentation: Scope's 2025 mid-year economic and credit outlook For a look at all of today's economic events, check out our economic calendar. Dennis Shen is the Chair of the Macro Economic Council and Lead Global Economist of Scope Group. The rating agency's Macroeconomic Council brings together the company's credit opinions from multiple issuer classes: sovereign and public sector, financial institutions, corporates, structured finance and project finance. Arne Platteau, analyst in Credit Policy at Scope Ratings, contributed to this research. This article was originally posted on FX Empire More From FXEMPIRE: S&P 500 and Nasdaq 100 Analysis: Golden Cross, Golden Opportunity France: Multi-year Budget Plan Supports Fiscal Outlook but Great Uncertainty Remains Has the U.S. Dollar Found Support? Some Gains for the Aussie Dollar After the RBA Unexpectedly Holds Navigating China's Economic Challenges: A Q&A with Scope Ratings' Dennis Shen Buy Like Big Money: Carpenter Technology Soars
Yahoo
4 hours ago
- Yahoo
S&P 500, Nasdaq close at records; Deckers soars on UGG demand
By Noel Randewich (Reuters) -The S&P 500 and Nasdaq notched record high closes on Friday, lifted by optimism the U.S. could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers. European Commission President Ursula von der Leyen will meet U.S. President Donald Trump on Sunday in Scotland after EU officials and diplomats said they expected to reach a framework trade deal this weekend. Trump said earlier that the odds of a U.S.-EU trade deal were "50-50". Deckers Outdoor soared 11% after results beat quarterly estimates, with strong demand in international markets. Intel tumbled 8.5% after the chipmaker forecast steeper quarterly losses than expected and announced plans to slash jobs. Wall Street has surged to record highs in recent weeks, thanks to upbeat quarterly earnings, trade deals with Japan and the Philippines, and expectations that the White House will cement more agreements to avoid elevated tariffs threatened by Trump. "The market has been anticipating that the deals are going to get done," said Thomas Martin, Senior Portfolio Manager at GLOBALT in Atlanta. "Personally, I have a bit more skepticism. You've got to be careful, because if they don't get done, there is more room for disappointment than there is upside." The S&P 500 climbed 0.40% to end the session at 6,388.64 points. The Nasdaq gained 0.24% to 21,108.32 points, while the Dow Jones Industrial Average rose 0.47% to 44,901.92 points. Nine of the 11 S&P 500 sector indexes rose, led by materials, up 1.17%, followed by a 0.98% gain in industrials. For the week, the S&P 500 climbed 1.5%, the Nasdaq added 1% and the Dow rose 1.3%. The S&P 500 set a closing record every day this week. The last time the index had a "perfect week" of closing highs, Monday through Friday, was in November 2021, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Investors next week will focus on the U.S. Federal Reserve, with policymakers on Thursday expected to hold interest rates steady as the central bank weighs the impact of tariffs on inflation. Traders see about a 60% chance of a rate cut in September, according to CME's FedWatch tool. Trump said on Friday he believed that Fed Chair Jerome Powell might be ready to lower rates. Trump made a rare visit to the Fed on Thursday after calling Powell a "numbskull" earlier in the week for failing to slash rates. Charter Communications slumped 18% after the cable giant reported a deeper-than-expected broadband subscriber loss, hurt by competition from wireless carriers bundling high-speed internet services with 5G mobile plans. Paramount Global dipped 1.6% after U.S. regulators approved its $8.4-billion merger with Skydance Media. Health insurer Centene rose 6.1% after it said it expects to deliver improved profitability in its three government-backed healthcare insurance businesses in 2026. S&P 500 companies are expected on average to increase their second-quarter earnings by 7.7% year over year, according to LSEG I/B/E/S, with most of those gains coming from heavyweight tech-related companies. Companies reporting next week include Microsoft, Apple, Amazon and Meta Platforms. Advancing issues outnumbered falling ones within the S&P 500 by a two-to-one ratio. The S&P 500 posted 45 new highs and 6 new lows; the Nasdaq recorded 68 new highs and 54 new lows. Volume on U.S. exchanges was relatively light, with 17.7 billion shares traded, compared to an average of 18.1 billion shares over the previous 20 sessions.
