Business & Finance
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Edmond de Rothschild Monaco acquired a stake in Snap-On Inc during the third quarter of 2016, according to a Form 13F filing with the Securities and Exchange Commission in the US. Snap-On Inc is primarily a maker of tools and equipment.
In its quarterly earnings results posted on February 2, Snap-On’s return on equity was 20.89 percent and revenue was up by 4.5 percent compared to the same quarter of 2015.
The private bank acquired 7,304 shares of the stock, valued at about $1,110,000. Snap-On makes up one percent of Edmond de Rothschild Monaco’s investment portfolio, making the stock its 17th largest position, according to a number of sources reporting on US investments.
The highly-anticipated Cala del Forte port in Ventimiglia, intended to handle overflow from the Principality, is now officially open, marking a new era for the Italian seaside town and Monaco.
The government has offered a “practical guide” for economic recovery in the Principality, vowing to protect employees as well as assist companies in trouble.
FGWRS, a MonacoTech-supported start-up, is behind a new technology used by French Open players to convert “grey water” into usable non-potable water for showers and toilets.
A new report has revealed that HNWIs, families, family offices, and foundations plan to almost double their allocation to impact investing by the year 2025.