financetom
Business
financetom
/
Business
/
RWE CFO says investment programme targets to be stretched
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
RWE CFO says investment programme targets to be stretched
Nov 13, 2024 11:27 AM

FRANKFURT, Nov 13 (Reuters) - A 55 billion euro ($58.45

billion) investment programme by Germany's biggest power

producer RWE up to 2030 will be kept in principle, but

curbs in 2025 and 2026 mean the sum could be spent later, the

firm's CFO told reporters on Wednesday.

"We will invest 2 billion euros less in those two years. I

don't think we will add those (figures) in later years (up to

2030)," said CFO Michael Mueller after the company announced a

1.5 billion euro share buyback programme and posted better than

expected nine-month earnings, which drove up shares.

"But the total 55 billion as a total programme is an

investment in the transformation of our company and I would

stick to that," he added.

($1 = 0.9410 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Jamf to Launch Android Device Management Services in July
Market Chatter: Jamf to Launch Android Device Management Services in July
May 26, 2025
10:50 AM EDT, 05/09/2025 (MT Newswires) -- Jamf ( JAMF ) will begin offering mobile device management services for devices running Alphabet's (GOOG, GOOGL) Android operating system in July, Bloomberg News reported Friday, citing an interview with Jamf ( JAMF ) Vice President of Portfolio Strategy Michael Covington. The move is aimed at expanding the company's enterprise customer base by...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Expedia Will Continue to Have Balanced Risk/Reward Profile, Wedbush Says
Expedia Will Continue to Have Balanced Risk/Reward Profile, Wedbush Says
May 26, 2025
10:50 AM EDT, 05/09/2025 (MT Newswires) -- Expedia ( EXPE ) will continued to have balanced risk/reward profile due to its outsized exposure to the US demand environment, which makes up around two-thirds of its revenue, Wedbush said in a Friday note. US demand has demonstrated the greatest signs of uncertainty of softer consumer spending in the near term, Wedbush...
TD SYNNEX's Go-to-Market Strategy Likely to Expand Distribution Reach, RBC Says
TD SYNNEX's Go-to-Market Strategy Likely to Expand Distribution Reach, RBC Says
May 26, 2025
10:49 AM EDT, 05/09/2025 (MT Newswires) -- TD SYNNEX's ( SNX ) specialized go-to-market approach and emphasis on value-added services are expected to help the company expand its share of the distribution total addressable market over time, RBC Capital Markets said in a Friday note. During investor meetings with RBC in Toronto, SYNNEX executives, including Chief Executive Patrick Zammit and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved