Latest news with #financialinformation
The Independent
2 days ago
- Business
- The Independent
DWP minister gives update on ‘bank spying' plans which will hit millions
More details have been given on the Department for Work and Pension's (DWP) planned 'bank spying' bill ahead of its laws coming into effect later this year. Labour's new Fraud, Error and Debt Bill is currently making its way through parliament. It forms a central part of DWP plans to crackdown on benefit fraud, with new powers for the department to request information from claimants' bank accounts. Currently being debated in the House of Lords, more details on how these powers will work have been revealed by Baroness Maeve Sherlock, a minster of state for the DWP. The key power that will enable to DWP to request banks to share financial information with its agents is called the Eligibility Verification Measure. It means that when a new Eligibility Verification Notice is sent to a bank or financial institution, it must comply with the request. Baroness Sherlock outlines that the information the institution can be asked to share includes information about the account holder, including their name and date of birth. Agents can also ask for the bank account's sort code and account number, as well as details about how the account meets eligibility. Ministers say the government is introducing these powers to be able to determine if an individual is eligible for a benefit they are claiming or have applied for based on their financial position. For example, holding over £16,000 in savings generally will render someone ineligible for Universal Credit, except in certain limited circumstances. The measures will be implemented over 12 months in a 'phased approach,' working with a smaller number of banks initially, the Baroness Sherlock added. The Lords peer also addressed controversial new powers the DWP will be gaining to directly deduct money from an individual's earnings or bank accounts using a 'Direct Deduction Order'. Based on its usage by HMRC and the Child Maintenance Service – both of which already can use the power – Baroness Sherlock says DWP estimates it will make between 5,000 and 20,000 Direct Deduction Orders every year. The new powers have been introduced as part of a raft of measures Labour say will form the 'biggest fraud crackdown in a generation.' The party adds that, combined, the plans will save £1.5 billion over the next five years. But campaigners have criticised the measures as 'intrusive,' with civil liberties watchdog Big Brother Watch warning it 'threatens to usher in an unprecedented system of mass financial surveillance.' The DWP has been approached for comment.
Zawya
22-07-2025
- Automotive
- Zawya
Stellantis publishes preliminary and unaudited key figures for first half 2025
Dubai, United Arab Emirates – Stellantis N.V. is publishing today certain preliminary and unaudited financial information for the First Half of 2025, in addition to its global quarterly consolidated shipment estimates and commentary on related trends. In the absence of financial guidance, which was suspended by the Company on April 30, 2025, financial analyst consensus forecasts currently constitute the primary metric for market expectations. The disclosure of the following preliminary financial data for the First Half 2025 is intended to address the difference between these analyst consensus forecasts and the Company's performance for the period. Preliminary financial information for the First Half 2025(2): The following factors had a significant impact on results in the first half of 2025: The early stage of actions being taken to improve performance and profitability, with new products expected to deliver larger benefits in the Second Half of 2025 Approximately €3.3 billion of pre-tax net charges, primarily related to program cancellation costs and platform impairments, net impact of the recent legislation eliminating the CAFE penalty rate, and restructuring, which are excluded from Adjusted Operating Income(3) consistent with the Company's definition of AOI Adverse impacts to AOI from higher industrial costs, geographic and other mix factors, and changes in foreign exchange rates The early effects of US tariffs – €0.3 billion of net tariffs incurred as well as loss of planned production related to implementation of the Company's response plan Financial results for the First Half 2025 will be released as scheduled on July 29, 2025 and a call will be hosted on that day by CEO Antonio Filosa and CFO Doug Ostermann. Global consolidated shipment volumes for the Second Quarter of 2025: Stellantis today also publishes its consolidated shipment estimates. The term 'shipments' describes the volume of vehicles delivered to dealers, distributors, or directly from the Company to retail and fleet customers, which drive revenue recognition. Consolidated shipments for the three months ending June 30, 2025, were an estimated 1.4 million units, representing a 6% decline y-o-y, reflecting North American tariff related production pauses early in the quarter, in addition to reduced, but adverse impacts of product transition in Enlarged Europe, where several important nameplates are either in the ramp-up phase after recent launches, or awaiting production launches scheduled for the second half of 2025. Refer to page 4 for an explanation of the items referenced on this page In North America, Q2 shipments declined approximately 109 thousand units compared to the same period in 2024, representing a 25% y-o-y decline, due to factors including the reduced manufacture and shipments of imported vehicles, most impacted by tariffs, and lower fleet channel sales. Total sales declined 10% y-o-y, with U.S. retail sales relatively flat, and with the region's two largest brands, Jeep® and Ram, collectively delivering 13% higher sales y-o-y. Enlarged Europe Q2 shipments declined approximately 50 thousand units, representing a 6% y-o-y decline, due primarily to product transition factors. The recently-launched 'Smart Car' platform B-segment vehicles continue to ramp up to their full production levels, and prior year comparisons are affected by the hiatus of Fiat 500 ICE pending the arrival of its mild-hybrid successor. Shipments of the four Smart Cars (Citroën C3 and C3 Aircross, Opel/Vauxhall Frontera and Fiat Grande Panda) increased 45% sequentially in the Q2 2025 period, or 25 thousand units, compared to the Q1 2025 period. Across Stellantis' other regions, shipments grew 71 thousand units in aggregate, representing a 22% increase y-o-y, mainly driven by a 30% increase in Middle East & Africa and a 20% increase in South America. In Middle East & Africa shipments were up 29 thousand units, mainly driven by increased volumes in Türkiye and positive developments in Egypt, Algeria and Morocco. Stellantis continues its leadership in South America, with a 43 thousand unit y-o-y increase benefiting from higher industry volumes, especially in Argentina and Brazil. Refer to page 4 for an explanation of the items referenced on this page Management Conference Call: Stellantis CFO Doug Ostermann will host a conference call to discuss the preliminary first half of 2025 financial figures, and answer analyst questions. Time: Monday, July 21, at 8:30 a.m. EDT / 2:30 p.m. CEST Dial-In: Available in the Investors section of the Company's website ( NOTES Consolidated shipments only include shipments by Company's consolidated subsidiaries, which represent new vehicles invoiced to third party (dealers/importers or final customers). Consolidated shipment volumes for Q2 2025 presented here are unaudited and may be adjusted. Final figures will be provided in our H1 2025 Results. Analysts should interpret these numbers with the understanding that they are preliminary and subject to change. Adjusted Operating Income/(Loss) excludes from Net profit/(loss) adjustments comprising restructuring and other termination costs, impairments, asset write-offs, disposals of investments and unusual operating income/(expense) that are considered rare or discrete events and are infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance, and also excludes Net financial expenses/(income) and Tax expense/(benefit). Unusual operating income/(expense) are impacts from strategic decisions, as well as events considered rare or discrete and infrequent in nature, as inclusion of such items is not considered to be indicative of the Company's ongoing operating performance. Unusual operating income/(expense) includes, but may not be limited to: impacts from strategic decisions to rationalize Stellantis' core operations; facility-related costs stemming from Stellantis' plans to match production capacity and cost structure to market demand, and convergence and integration costs directly related to significant acquisitions or mergers. Adjusted Operating Income/(Loss) Margin is calculated as Adjusted operating income/(loss) divided by Net revenues (4) Industrial Free Cash Flows is our key cash flow metric and is calculated as Cash flows from operating activities less: (i) cash flows from operating activities from discontinued operations; (ii) cash flows from operating activities related to financial services, net of eliminations; (iii) investments in property, plant and equipment and intangible assets for industrial activities, (iv) contributions of equity to joint ventures and minor acquisitions of consolidated subsidiaries and equity method and other investments; and adjusted for: (i) net intercompany payments between continuing operations and discontinued operations; (ii) proceeds from disposal of assets and (iii) contributions to defined benefit pension plans, net of tax. The timing of Industrial free cash flows may be affected by the timing of monetization of receivables, factoring and the payment of accounts payables, as well as changes in other components of working capital, which can vary from period to period due to, among other things, cash management initiatives and other factors, some of which may be outside of the Company's control. In addition Industrial free cash flows is one of the metrics used in the determination of the annual performance for eligible employees, including members of the Senior Management. About Stellantis Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world's leading automakers and a mobility provider. Its storied and iconic brands embody the passion of their visionary founders and today's customers in their innovative products and services, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Powered by our diversity, we lead the way the world moves – aspiring to become the greatest sustainable mobility tech company, not the biggest, while creating added value for all stakeholders as well as the communities in which it operates. For more information, visit For more information, contact: CONTACTS stellantis@ Stellantis Forward-looking Statements This communication contains forward-looking statements. In particular, statements regarding future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, future financial and operating results, the anticipated closing date for the proposed transaction and other anticipated aspects of our operations or operating results are forward-looking statements. These statements may include terms such as 'may', 'will', 'expect', 'could', 'should', 'intend', 'estimate', 'anticipate', 'believe', 'remain', 'on track', 'design', 'target', 'objective', 'goal', 'forecast', 'projection', 'outlook', 'prospects', 'plan', or similar terms. Forward-looking statements are not guarantees of future performance. Rather, they are based on Stellantis' current state of knowledge, future expectations and projections about future events and are by their nature, subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in forward-looking statements as a result of a variety of factors, including: the ability of Stellantis to launch new products successfully and to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; Stellantis' ability to successfully manage the industry-wide transition from internal combustion engines to full electrification; Stellantis' ability to offer innovative, attractive products and to develop, manufacture and sell vehicles with advanced features including enhanced electrification, connectivity and autonomous-driving characteristics; Stellantis' ability to produce or procure electric batteries with competitive performance, cost and at required volumes; Stellantis' ability to successfully launch new businesses and integrate acquisitions; a significant malfunction, disruption or security breach compromising information technology systems or the electronic control systems contained in Stellantis' vehicles; exchange rate fluctuations, interest rate changes, credit risk and other market risks; increases in costs, disruptions of supply or shortages of raw materials, parts, components and systems used in Stellantis' vehicles; changes in local economic and political conditions; changes in trade policy, the imposition of global and regional tariffs or tariffs targeted to the automotive industry, the enactment of tax reforms or other changes in tax laws and regulations; the level of governmental economic incentives available to support the adoption of battery electric vehicles; the impact of increasingly stringent regulations regarding fuel efficiency requirements and reduced greenhouse gas and tailpipe emissions; various types of claims, lawsuits, governmental investigations and other contingencies, including product liability and warranty claims and environmental claims, investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the level of competition in the automotive industry, which may increase due to consolidation and new entrants; Stellantis' ability to attract and retain experienced management and employees; exposure to shortfalls in the funding of Stellantis' defined benefit pension plans; Stellantis' ability to provide or arrange for access to adequate financing for dealers and retail customers and associated risks related to the operations of financial services companies; Stellantis' ability to access funding to execute its business plan; Stellantis' ability to realize anticipated benefits from joint venture arrangements; disruptions arising from political, social and economic instability; risks associated with Stellantis' relationships with employees, dealers and suppliers; Stellantis' ability to maintain effective internal controls over financial reporting; developments in labor and industrial relations and developments in applicable labor laws; earthquakes or other disasters; risks and other items described in Stellantis' Annual Report on Form 20-F for the year ended December 31, 2024 and Current Reports on Form 6-K and amendments thereto filed with the SEC; and other risks and uncertainties. Any forward-looking statements contained in this communication speak only as of the date of this document and Stellantis disclaims any obligation to update or revise publicly forward-looking statements. Further information concerning Stellantis and its businesses, including factors that could materially affect Stellantis' financial results, is included in Stellantis' reports and filings with the U.S. Securities and Exchange Commission and AFM.
Finextra
17-07-2025
- Business
- Finextra
Fitch Solutions appoints Rachel Lojko president
Fitch Solutions, a leading provider of insights, data, and analytics, today announced the appointment of Rachel Lojko as President, effective August 1, 2025. 0 Rachel will take over from Ted Niedermayer, who is leaving at the end of July after significantly contributing to the growth and advancement of Fitch Solutions. Fitch Solutions is part of Fitch Group, a global leader in financial information services with operations in 30 countries, which also includes the global credit ratings agency, Fitch Ratings. Paul Taylor, CEO of Fitch Group, stated, "Rachel's appointment marks both a continuity and an evolution in leadership as we enter the next phase of our journey. Her wealth of commercial experience and expertise in financial information services, combined with her transformational leadership, make her the ideal person to lead Fitch Solutions through its next chapter." Rachel joined Fitch Solutions as Chief Commercial Officer in May 2023, where she has been instrumental in advancing the company's go-to-market strategy and increasing customer centricity. Her previous roles at Thomson Financial, Refinitiv, and LSEG have equipped her with extensive knowledge across various customer segments and a proven track record of driving growth. During his tenure, Ted Niedermayer guided Fitch Solutions through key acquisitions and strategic shifts, establishing a vibrant organization well-positioned for continued success. His leadership has been crucial in attracting new talent and making impactful structural changes. Rachel's appointment reinforces the company's strategy, focusing on accelerating product and data initiatives, fostering collaboration with Fitch Ratings, and embedding a culture of innovation and inclusion. Rachel concluded, "I am energized by the opportunities that lie ahead and deeply appreciative of the strong foundation built under Ted's leadership. I look forward to leveraging my experience in financial information and passion for transformational leadership to drive further growth and innovation to support our stakeholders."
The Sun
20-06-2025
- The Sun
Shocking Netflix ‘hijacking' that uses convincing trick to empty your bank account exposed as TV fans told ‘be careful'
NETFLIX users are being warned of a scam that could see them vulnerable to having their personal data stolen. Cyberprotection company, Malwarebytes, issued the serious warning for people who search for tech support numbers online and that hackers were using sponsored ads to fool unsuspecting punter. The company explained that "cybercriminals frequently use ads directing to a malicious site to take advantage of our trust in sponsored search results for popular brands." It found in a recent ruse, that support scammers were hijacking the results of legitimate sites. How they pull off their scam is that they will pay for a sponsored ad on Google pretending to be a major brand and while that will usually lead to a fake website, there were some cases people were to a brand's legitimate site, "but with one small difference." The company used photos showing how the address bar on a website that a person was taken to after unknowingly clicking on one of these dodgy ads looked legitimate, but "the results had been poisoned to display the scammer's phone number instead of the business' real number." "When you call the scam number, the scammers will pose as the brand with the aim of getting you to hand over personal data or financial information, or even allow them remote access to your computer," Malwarebytes wrote on X, formerly Twitter. It then showed examples of how scammers had manipulated the real Netflix site but a "fake number appears in what looks like a search result, making it seem official." "This is able to happen because Netflix's search functionality blindly reflects whatever users put in the search query parameter without proper sanitization or validation," the company explained. "This creates a reflected input vulnerability that scammers can exploit." Netflix was just one example of the scammers' grit, Malwarebytes also found other brands that were targeted included, PayPal, Apple, Microsoft, Facebook and HP. Malwarebytes suggested people install browse guards on their computers to protect them from the elaborate scams. Netflix reveal huge list of movies and TV shows being axed next month – with some children's favourites in the mix Outside of installing the browser guard, people can also protect themselves from this kind of scam in a number of different ways. Red flags to look out for include, a phone number in the URL, suspicious search terms like 'Call Now' or 'Emergency Support' in the address bar of the browser, an excess of encoded characters alongside the characters,such as, %20 (space) and %2B (+ sign) along with phone numbers. Other warning signs include, the website showing a search result before you entered one, an in-browser warning for known scams, and urgent language displayed on the website. How to spot a dodgy app Detecting a malicious app before you hit the 'Download' button is easy when you know the signs. Follow this eight-point checklist when you're downloading an app you're unsure about: Check the reviews - be wary of both complaints and uniformly positive reviews by fake accounts. Look out for grammar mistakes - legitimate app developers won't have typos or errors in their app descriptions. Check the number of downloads - avoid apps with only several thousand downloads, as it could be fake. Research the developer - do they have a good reputation? Or, are totally fake? Check the release date - a recent release date paired with a high number of downloads is usually bad news. Review the permission agreement - this agreement gives permission for the app to take bits of your data, and fake apps often ask for additional data that is not necessary. Check the update frequency - an app that is updated too frequently is usually indicative of security vulnerabilities. Check the icon - look closely, and don't be deceived by distorted, lower-quality versions the icons from legitimate apps. All of this information will available in both Apple's App Store and the Google Play Store. "And before you call any brand's support number, look up the official number in previous communications you've had with the company (such as an email, or on social media) and compare it to the one you found in the search results. If they are different, investigate until you're sure which one is the legitimate one," said Jérôme Segura, senior director of research of Malwarebytes. "If during the call, you are asked for personal information or banking details that have nothing to do with the matter you're calling about, hang up." 2
Associated Press
08-05-2025
- Business
- Associated Press
Pyth Network Partners with Integral to Democratize Access to Financial Market Data
The new partnership enables Integral's institutional clients to seamlessly become Pyth data publishers, making financial information more affordable and accessible to all LONDON - May 7, 2025 (Bitwire) -- Pyth Network ('Pyth'), the universal price layer revolutionizing market data, today announced a new partnership with Integral, the leading currency technology partner to hundreds of global financial institutions. The collaboration marks a significant milestone in Pyth's mission to collect and distribute price data and rewrite the market data economy by making financial information affordable and accessible to all. The partnership introduces a streamlined solution for institutional market participants to publish their financial market data to Pyth Network, which is currently home to over 1,200 active price feeds. Integral hosts this data on behalf of its clients, lowering the technical and logistical barriers that have historically prevented institutions from contributing to open data networks. 'The price of market data has been skyrocketing for decades—rising to record-breaking spending in 2024 alone,' said Mike Cahill, CEO of Douro Labs, a leading contributor to the Pyth Network. 'But, this 'old guard' model of exclusive access, premium pricing, and zero transparency is shifting. The 'new guard' model offers real-time feeds and affordable access for anyone, not just the elite financial powerhouses. This partnership with Integral demonstrates Pyth's commitment to growing this new model; they're working together to deliver the price of everything, to anyone, anywhere.' Integral powers currency infrastructure for renowned institutions including Mizuho, Raiffeisen Bank, Pictet, and ODDO BHF. By partnering with Pyth, Integral will now bridge its traditional foreign exchange pipelines with decentralized finance, transforming centralized data sources into composable, on-chain assets. 'Integral has long been at the forefront of institutional trading technology, and our integration with Pyth Network reinforces our commitment to innovation and market accessibility,' said Harpal Sandhu, CEO of Integral. 'Through this collaboration, clients leveraging Integral's resilient and established crypto trading solutions can now become market data publishers on Pyth with no additional setup. This unlocks new opportunities for our clients to expand their presence in crypto while contributing to the broader ecosystem.' The Integral partnership comes on the heels of other recent Pyth integration partnerships like Sygnum Bank, Kamino Finance, and CoinBase, as well as product feature updates to expand price feed coverage across markets, improve data accuracy by increasing access to multiple institutional sources, and broaden institutional participation in decentralized finance infrastructure. To learn more about Pyth Network, visit and follow on X and LinkedIn . About Pyth Network Pyth Network is the universal price layer for the global financial system, bringing the price of everything on-chain. With over 1000 price feeds and seamless integration across over 100 blockchain ecosystems, Pyth empowers developers to build decentralized applications with the speed, accuracy, and reliability of high-performance markets—providing sub-second, real-time data for digital assets, FX, ETFs, equities, and commodities. Supported by leading financial institutions—including Cboe, Revolut, Coinbase, Jane Street, Amina Bank, Two Sigma, and Virtu Financial—Pyth enables data providers to securely monetize their proprietary data while shaping the future of DeFi. By decentralizing access to high-fidelity price information, Pyth is breaking down financial barriers and ensuring that transparent, real-time pricing is available to everyone. With over $1 trillion in total transaction volume, Pyth is the foundation of a new, global financial system built on open-access data, fairness, and efficiency. To learn more, please visit: About Integral Integral is the currency technology partner to hundreds of financial institutions, including banks, brokers and cross-border payment companies, with close to $60bn traded, transacted or exchanged daily on our network. Adopted first by the financial markets and now invaluable to every global business across all industries – our corporate-meets-consumer cloud-based SaaS technology stack is already powering the change and solving the currency challenges every global organization is facing. Founded in 1993, we built our cloud technology before the world knew what cloud was, and maintain development, support, and sales offices in Palo Alto, New York, London, Tokyo, Singapore and Bangalore. ### Media Contact: Melrose PR [email protected]
