ING announced today that, in line with the launch of our €1.5 billion share buyback programme announced on 11 May 2023, we repurchased 1,639,985 shares during the week of 3 July 2023 up to and including 7 July 2023.
Demand for air travel is proving resilient despite higher ticket prices. Passengers returned rapidly in 2022 and the recovery will continue this year and next. This is primarily being driven by leisure, but business travel is picking up too. Meanwhile, staff shortages and delivery delays for newly-ordered aircraft are a challenge for airlines
The tide is turning for container shipping. The market is bracing for a massive inflow of new capacity amid slowing demand and resolved congestion. This makes capacity discipline paramount for container liners, but that won’t be easy with increasing competitive pressure after years of record profits
China is restricting exports of gallium and germanium, which are used to make semiconductors and electronics, amid the ongoing tech war with the US and Europe
We expect shipping to post a stronger second half of 2023 once consumer spending on goods picks up alongside a normalisation of spending patterns and reduced inventories
ING announced today that, in line with the launch of our €1.5 billion share buyback programme announced on 11 May 2023, we repurchased 1,686,789 shares during the week of 26 June 2023 up to and including 30 June 2023.
Europe's industrial sectors in an incredible state of flux
Pandemic supply shocks have faded, but the transport and logistics sector is still experiencing the ripple effects of normalising consumer behavior and prolonged capacity issues
ING announced today that, in line with the launch of our €1.5 billion share buyback programme announced on 11 May 2023, we repurchased 1,667,412 shares during the week of 19 June 2023 up to and including 23 June 2023.
Bahadir Yilmaz to start in new role on 1 July
