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News

Reuters - 6 days ago

Ivory Coast farmers say early Harmattan winds could affect cocoa crops

Ivory Coast farmers say early Harmattan winds could affect cocoa crops ABIDJAN, Nov 18 (Reuters) - Dry Harmattan winds could begin to blow early this season in Ivory Coast and this would cause a shortage of cocoa beans from February, farmers said on Monday. The world's top cocoa producer is in its dry season that runs from mid-November to March, when downpours are scarce.
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Reuters - 4 weeks ago

Kone Expects 2024 Sales To Grow 0-3% At Comparable Exchange Rates

BRIEF-Kone Expects 2024 Sales To Grow 0-3% At Comparable Exchange Rates Oct 24 (Reuters) - Kone Oyj KNEBV.HE : EXPECTS ITS SALES TO GROW 0-3% AT COMPARABLE EXCHANGE RATES IN 2024. 2024 ADJUSTED EBIT MARGIN IS EXPECTED TO BE IN RANGE OF 11.5%-11.9% NEGATIVE IMPACT OF FOREIGN EXCHANGE RATES ON ADJUSTED EBIT WOULD BE APPROXIMATELY EUR 10 MILLION IN 20
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Reuters - 4 weeks ago

Lift maker Kone shifts focus as China property slump persists

UPDATE 3-Lift maker Kone shifts focus as China property slump persists Kone shifts focus to modernising and servicing existing lifts CEO Delorme sees China's property slump persisting Kone narrows 2024 margin and sales growth outlook Recasts, adds quotes, detail By Anne Kauranen HELSINKI, Oct 24 (Reuters) - Kone KNEBV.HE sees no end to China's construction slump and so will focus on modernising and servicing existing lifts, the Finnish company said as it reported third-quarter profit below expec
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Reuters - 4 weeks ago

Elevator maker Kone's Q3 profit lags expectations

Elevator maker Kone's Q3 profit lags expectations HELSINKI, Oct 24 (Reuters) - Finnish elevator maker Kone KNEBV.HE reported on Thursday a smaller than expected rise in third-quarter adjusted operating profit, citing a decline in its margin in China. ($1 = 0.9269 euros) Reporting by Anne Kauranen in Helsinki, editing by Louise Rasmussen
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Reuters - 2 months ago

Below-average rain sufficient for Ivory Coast cocoa crop, farmers say

Below-average rain sufficient for Ivory Coast cocoa crop, farmers say ABIDJAN, Sept 30 (Reuters) - Most of Ivory Coast's main cocoa regions received below-average rainfall last week but farmers on Monday said it was sufficient to boost development of the next October-to-March main crop. The world's top cocoa producer is in its rainy season, which runs from April to mid-November.
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Reuters - 2 months ago

Adidas, Harbour Energy, LSE

EUROPE RESEARCH ROUNDUP-Adidas, Harbour Energy, LSE Sept 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Harbour Energy and LSE, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baird raises target price to EUR 260 from EUR 255 * Diploma Plc DPLM.L : Peel Hunt raises PT to 5,100p from 3,600p * Harbour Energy Plc HBR.L : Jefferies cuts target price to 360p from 400p * LSE LSEG.L : JP Morgan raises target price to 11,600p from
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Reuters - 2 months ago

Finnish elevator maker Kone sets 2027 margin goal below long-term target

UPDATE 2-Finnish elevator maker Kone sets 2027 margin goal below long-term target New operating profit margin target 13-14% by end-2027 New margin target below long-term target of 16% Company targets around 5% sales growth Recasts with context, analyst comment, share move By Elviira Luoma and Essi Lehto HELSINKI, Sept 19 (Reuters) - Elevator maker Kone KNEBV.HE on Thursday announced a margin target for 2027 below its long-term goal, sending its share price lower, as it deals with the effects of
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Reuters - 2 months ago

Finnish elevator maker Kone sets 2027 margin goal below long-term target

Finnish elevator maker Kone sets 2027 margin goal below long-term target HELSINKI, Sept 19 (Reuters) - Elevator maker Kone KNEBV.HE has set a goal of raising its adjusted operating profit margin to between 13% and 14% by the end of 2027, below the group's long-term target of 16%, the company said on Thursday. Kone in July said it expected an operating margin for 2024 of between 11.5%-12.2%.
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Reuters - 2 months ago

Kone: New Strategy For 2025-2030

BRIEF-Kone: New Strategy For 2025-2030 Sept 19 (Reuters) - Kone Oyj KNEBV.HE : KONE ANNOUNCES AMBITIOUS NEW STRATEGY FOR 2025-2030 MID TERM TARGET UNTIL 2027 IS AROUND 5% REVENUE GROWTH KEEPS LONG TERM TARGETS UNCHANGED MID-TERM FINANCIAL TARGET TO BE ACHIEVED BY END OF 2027: PROFITABILITY: ADJUSTED EBIT MARGIN OF 13-14% Source text: https://news.c
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Reuters - 2 months ago

Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P
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Reuters - 2 months ago

JPM sticks to its favoured European capital goods names amid muted sentiment

BUZZ-JPM sticks to its favoured European capital goods names amid muted sentiment ** J.P.Morgan says European capital goods are "stuck in the middle", with investor conviction generally low and valuations in the middle ground, as it sticks to its favoured names for whom consensus seems "at least reasonable" ** "Weaker top-down indicators have dampe
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Reuters - 3 months ago

Kone To Review Automatic Door Business

BRIEF-Kone To Review Automatic Door Business Sept 10 (Reuters) - Kone Oyj KNEBV.HE : PLANS TO EVALUATE ITS AUTOMATIC DOOR OPERATIONS POSSIBLE SALE OF AUTOMATIC DOOR OPERATIONS UNIT IN 2023 AUTOMATIC DOOR OPERATIONS GENERATED AROUND 2% OF KONE SALES Source text: https://news.cision.com/fi/kone-oyj/r/kone-suunnittelee-aloittavansa-oviliiketoiminnan-a
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Reuters - 3 months ago

Bernstein ups Schindler to 'outperform' on current 'near-trough' valuation

REFILE-BUZZ-Bernstein ups Schindler to 'outperform' on current 'near-trough' valuation Refiles to widen distribution ** Bernstein raises Swiss elevator maker Schindler SCHP.S to "outperform" from "market-perform", saying company is traded at cyclical lows despite healthy growth and a benign outlook ** Even with cyclically-depressed buildings sector
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Reuters - 3 months ago

Ivory Coast rains offer good prospect for cocoa main crop, farmers say

Ivory Coast rains offer good prospect for cocoa main crop, farmers say ABIDJAN, Sept 2 (Reuters) - Heavy rains in most of Ivory Coast's main cocoa-growing regions last week boosted the development of the October-to-March main crop, which is expected to start early and to be longer and larger than last season, farmers said on Monday. The world's top cocoa producer is in its rainy season which runs officially from April to mid-November.
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Reuters - 3 months ago

GS says weak China to keep weighing on Europe's liftmakers, downgrades Schindler

BUZZ-GS says weak China to keep weighing on Europe's liftmakers, downgrades Schindler ** Goldman Sachs downgrades Swiss liftmaker Schindler SCHP.S to "sell" from "neutral", citing weakness in China and a delayed recovery in EU and U.S. markets as rate cuts drag out ** The broker cuts its 2025 and 2026 forecasts for Schindler's EBIT by 2%, noting it
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Reuters - 3 months ago

AB Foods, Bunzl, Barratt

EUROPE RESEARCH ROUNDUP- AB Foods, Bunzl, Barratt Aug 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AB Foods, Bunzl and Barratt on Tuesday. HIGHLIGHTS * AB Foods ABF.L : Deutsche Bank cuts to sell from hold * Bunzl BNZL.L : JP Morgan raises target price to 3,660p from 3,380p * Barratt BDEV.L : Morgan Stanley resumes coverage with equal-weight rating * Continental AG CONG.DE : UBS raises to buy from neutral * Schindler Holding
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