Welcome to our dedicated page for Wolters Kluwer N V news (Ticker: WTKWY), a resource for investors and traders seeking the latest updates and insights on Wolters Kluwer N V stock.
Wolters Kluwer issues news about its global professional information, software, and services business, represented in the U.S. by the WTKWY sponsored Level 1 ADR. Updates commonly cover healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG solutions.
Recurring items include trading updates by business area, annual report and AGM materials, Supervisory Board and executive changes, dividend proposals, portfolio actions, and technology investments. Company announcements also track AI-enabled offerings and platforms such as FAB, Expert AI capabilities in CCH Axcess and UpToDate, legal technology products including Legisway and Kleos, and cloud automation tools such as CodaBox, ClearFacts, Kyte, and Flowin.
Wolters Kluwer Compliance Solutions is hosting the 26th annual CRA & Fair Lending Colloquium from November 13-16 at Caesars Palace, Las Vegas. Keynotes from Michael J. Hsu, Acting Comptroller of the Currency, and James Ballentine, public policy expert, will address fair lending and CRA compliance challenges. The event highlights significant regulatory updates including the modernization of CRA regulations, aiming to enhance equitable access to credit. Attendees include regulatory experts, compliance officers, and industry leaders.
Wolters Kluwer reported €2,600 million in revenues for H1 2022, reflecting a 7% organic growth. Adjusted operating profit rose by 10% to €734 million, with an operating margin of 28.2%. Diluted adjusted EPS increased by 23% to €2.04. The company experienced slower spending and hiring, leading to a 4% decline in adjusted free cash flow at €497 million. An interim dividend of €0.63 was announced. The guidance for 2022 was upgraded, though growth momentum is expected to slow in the second half due to challenging comparables. Net debt remains healthy at €2,203 million.
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The fifth LegalVIEW Insights report from Wolters Kluwer ELM Solutions reveals ongoing challenges in the corporate law sector post-pandemic. Despite a reduction in active provider relationships, external legal spending increased by 36% in the last year. Large companies with over $20 billion in revenue have expanded their legal provider counts, while Am Law firms continue to lose market share. Unranked firms have increased their external legal department spend from 44% to 47.5%. The report highlights the concentration in the Alternative Legal Service Provider (ALSP) market, dominated by seven firms, representing only 4.7% of the total spend.
Wolters Kluwer Health has donated three clinical decision support tools—UpToDate, Lexicomp, and Lippincott Procedures—to Mercy Ships' vessels, Africa Mercy and the newly launched Global Mercy. These tools will assist clinicians onboard in providing optimal care to vulnerable patients in Africa. The Global Mercy, designed as a floating hospital, aims to train healthcare professionals while treating over 150,000 patients over its lifespan. The ships provide critical resources to enhance medical interventions in underserved regions.
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Wolters Kluwer Tax & Accounting highlights critical tax proposals under consideration by Congress that could influence tax planning for 2022 and beyond. The proposals include a scaled-down version of the Build Back Better Act, which focuses on drug pricing and climate change provisions, alongside extending certain elements of the Tax Cuts and Jobs Act. Other notable discussions involve denying tax benefits to companies operating in Russia and reforming tax-favored savings requirements. With Congress nearing a recess for elections, timely action on these measures is essential.
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Wolters Kluwer Compliance Solutions announces the expansion of Ginnie Mae’s Digital Collateral Program, effective June 20, 2022. Eligible lenders can now utilize integrated eVault technology for secure mortgage digitization. Since its deployment in October 2019, the eVault has supported the securitization of over $8 billion in eNotes. This expansion follows a successful pilot and enhances compliance assurance for lenders. Wolters Kluwer leads the industry, managing 92% of eNotes on the MERS eRegistry.