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Fearing uncertainty, German industry calls for fast snap election

UPDATE 1-Fearing uncertainty, German industry calls for fast snap election Industry leaders demand quick vote to address economic challenges in Europe's largest economy Warn of investment risks, need for regulatory support 'We have seen Chancellor Scholz ignore our warnings too often and for too long,' chemicals group CEO says Adds company reactions in paragraphs 3, 6-7, 9, 16 By Christoph Steitz FRANKFURT, Nov 7 (Reuters) - German industry, reeling from high costs and fierce Asian competition,
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Fearing uncertainty, German industry calls for fast snap election

Fearing uncertainty, German industry calls for fast snap election By Christoph Steitz FRANKFURT, Nov 7 (Reuters) - German industry, reeling from high costs and fierce Asian competition, urged Berlin on Thursday to hold snap elections as soon as possible after the ruling coalition broke up, warning Europe's top economy had no time to waste to get back on track.
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UK's Harbour Energy marginally raises 2024 production forecast

UK's Harbour Energy marginally raises 2024 production forecast Nov 7 (Reuters) - Britain's Harbour Energy HBR.L on Thursday raised its 2024 production forecast by 1% at midpoint to reflect the contribution from its purchase of oil and gas firm Wintershall Dea's assets. The largest British North Sea oil and gas producer now expects annual production of 255-265 thousand barrels of oil equivalent per day (kboepd), including about four months worth of production from Wintershall Dea's upstream asset
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Corteva reports larger-than-expected loss, cuts full-year sales outlook

UPDATE 2-Corteva reports larger-than-expected loss, cuts full-year sales outlook Adds details throughout Nov 6 (Reuters) - U.S. agrichemicals firm Corteva CTVA.N reported a larger-than-expected loss on Wednesday, hurt by lower sales and prices, leading the company to cut its full-year sales outlook and sending its shares down over 10% after market close.
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BASF Partners With Acies Bio

BRIEF-BASF Partners With Acies Bio Nov 5 (Reuters) - BASF SE BASFn.DE : PARTNERS WITH ACIES BIO TO DRIVE SUSTAINABLE PRODUCTION OF PERSONAL AND HOME CARE INGREDIENTS Further company coverage: [BASFn.DE] (Gdanks Newsroom)
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German M&A flurry is powered by lasting tailwinds

BREAKINGVIEWS-German M&A flurry is powered by lasting tailwinds The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pierre Briancon BERLIN, Nov 4 (Reuters Breakingviews) - The titans of German industry are shedding their old clothes in favour of new ones. Whether that helps the country’s ailing economy is up for debate.
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Arkema, Flatexdegiro, Mediobanca

EUROPE RESEARCH ROUNDUP-Arkema, Flatexdegiro, Mediobanca Oct 31 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Arkema, Flatexdegiro and Mediobanca, on Thursday. HIGHLIGHTS * Arkema SA AKE.PA : Berenberg raises to buy from hold * Flatexdegiro AG FTKn.DE : Goldman Sachs raises to buy from neutral * Mediobanca MDBI.MI : Deutsche Bank raises to hold from sell * Orsted ORSTED.CO : Deutsche Bank cuts to hold from buy * Syensqo NV SYENS.
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Syngenta Q3 core profit up y/y, sees gradual market recovery in 2025

Syngenta Q3 core profit up y/y, sees gradual market recovery in 2025 Oct 30 (Reuters) - Agrichemicals company Syngenta more than doubled its third-quarter core profit compared to a particularly weak prior-year quarter, but fell short of the previous quarter's result citing bad weather, price pressure and customer restraints. Earnings before interest, tax, depreciation and amortization (EBITDA) came in at $0.7 billion in the July-September period after $0.3 billion last year, when earnings were h
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Europe before the bell: Results first, budget later

LIVE MARKETS-Europe before the bell: Results first, budget later Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE BEFORE THE BELL: RESULTS FIRST, BUDGET LATER It's going to be a busy day, in fact it's already been one, but at the moment, European share markets are set to open meaningfully lower as traders process a slew of company earnings, before the focus turns to Britain
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BASF sees 2024 profit at lower end of range on weaker auto, agriculture demand

UPDATE 2-BASF sees 2024 profit at lower end of range on weaker auto, agriculture demand BASF sees 2024 adj EBITDA at low end of 8-8.6 bln euro range New CEO cites weaker demand from carmakers, farmers Q3 adj EBITDA up 5%, slightly below market view Adds to signs of gloomy economic prospects in Germany Adds more cautious outlook in first paragraph, updates throughout By Ludwig Burger and Patricia Weiss FRANKFURT, Oct 30 (Reuters) - BASF BASFn.DE on Wednesday predicted full-year earnings growth at
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BASF ‍​Q3 EBITDA Before Special Items Up At EUR 1.6 Bln

BASF ‍​Q3 EBITDA Before Special Items Up At EUR 1.6 Bln Oct 30 (Reuters) - BASF SE BASFn.DE : ‍​Q3 EBITDA BEFORE SPECIAL ITEMS UP AT EUR 1.6 BILLION VERSUS EUR 1.5 BILLION YEAR AGO DUE TO HIGHER EARNINGS OF CORE BUSINESSES Q3 ‍​SALES AT EUR 15.7 BILLION VERSUS AT EUR 15.7 BILLION YEAR AGO ‍​Q3 EBITDA MARGIN BEFORE SPECIAL ITEMS AT 1
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BASF Q3 adj profit up 5% on gains at Materials unit

BASF Q3 adj profit up 5% on gains at Materials unit FRANKFURT, Oct 30 (Reuters) - BASF BASFn.DE has posted a 5% increase in third-quarter operating earnings as gains at the Materials division that makes precursor chemicals for plastics outweighed a slump at its agriculture unit. In a statement on Wednesday, the group said quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, came in at 1.62 billion euros ($1.75 billion), slightly below the aver
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FMC beats third-quarter profit estimates on strong North America sales, lower costs

FMC beats third-quarter profit estimates on strong North America sales, lower costs Oct 29 (Reuters) - Agrichemicals firm FMC FMC.N beat Wall Street estimates for quarterly profit on Tuesday, helped by strong sales in North America and lower costs. FMC, which makes insecticide and fungicide, had seen a sharp drop in demand in 2023 as high inventory levels of crop chemicals across several regions had weighed in on earnings.
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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead Oct 25 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 29-Oct-2024 06:30 ADSGn.DE Adidas AG Q3 2024 Adidas AG Earnings Release 29-Oct-2024 06:00 1COV.DE Covestro AG Q3 2024 Covestro AG Earnings Release 30-Oct-2024 AMC AIR.PA Airbus SE Q3 2024 Airbus SE Earnings Release 30-Oct-2024 BMO VOWG.DE Volkswagen AG Q3 2024 Volkswagen AG Earnings Release 30-Oct-20
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India's Coromandel International posts Q2 profit drop as costs rise

India's Coromandel International posts Q2 profit drop as costs rise Oct 24 (Reuters) - Indian agricultural chemicals firm Coromandel International CORF.NS posted a fourth straight fall in quarterly profit on Thursday, hurt by higher costs. Consolidated profit after tax fell 12.3% to 6.64 billion rupees ($79 million) for the quarter ended Sept.30 from 7.57 billion rupees a year earlier.
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BASF Invests In Increasing Production Capacity At Ludwigshafen Site

BRIEF-BASF Invests In Increasing Production Capacity At Ludwigshafen Site Oct 24 (Reuters) - BASF SE BASFn.DE : BASF SE - BASF INVESTS IN INCREASING PRODUCTION CAPACITY OF NEOPOR® AT LUDWIGSHAFEN SITE BASF SE - EXPANSION OF PRODUCTION CAPACITY BY 50,000 METRIC TONS PER YEAR BASF SE - START-UP OF NEW PRODUCTION FACILITIES IS SCHEDULED FOR EARLY 202
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Harbour Energy joins North Sea producers' retreat ahead of tax hikes

EXCLUSIVE-Harbour Energy joins North Sea producers' retreat ahead of tax hikes Government plans to increase tax at next week's budget Harbour eyes U.S. listing with next acquisition Harbour launches sale of North Sea field stakes Executive warns North Sea "un-investible" By Ron Bousso LONDON, Oct 23 (Reuters) - Top British North Sea producer Harbour Energy HBR.L wants to sell stakes in North Sea oilfields and is reviving plans for a U.S.
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BASF Says About 250 KG Of Pantolactone Leaked In Ludwigshafen Into Rhine

BRIEF-BASF Says About 250 KG Of Pantolactone Leaked In Ludwigshafen Into Rhine Oct 17 (Reuters) - BASF SE BASFn.DE : ON OCTOBER 17, BETWEEN 1000 AND 1130, ABOUT 250 KG OF PANTOLACTONE LEAKED FROM COOLING WATER SYSTEM OF BASF SE IN LUDWIGSHAFEN INTO RHINE (ADDS MISSING WORK 'LEAKED', CLARIFIES SYNTAX) PRODUCT LEAKAGE HAS BEEN STOPPED THE CAUSE IS ST
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BASF Receives Funding Approval Of Up To Eur 310 Mln

BRIEF-BASF Receives Funding Approval Of Up To Eur 310 Mln Oct 15 (Reuters) - BASF SE BASFn.DE : RECEIVES FUNDING APPROVAL FOR THE CONSTRUCTION OF THE WORLD’S LARGEST INDUSTRIAL HEAT PUMP FOR CO2-FREE STEAM GENERATION START OF CONSTRUCTION SCHEDULED FOR 1ST QUARTER OF 2025 THE GERMAN FEDERAL MINISTRY FOR ECONOMIC AFFAIRS AND CLIMATE ACTION TO PROV
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Germany earmarks $3 billion for decarbonisation subsidies

Germany earmarks $3 billion for decarbonisation subsidies Berlin to subsidise companies in exchange for emissions cuts Has awarded first 15 'climate protection contracts' Critics say plan protects uncompetitive sectors, is inefficient BERLIN, Oct 15 (Reuters) - The German government has earmarked up to 2.8 billion euros ($3.1 billion) to support 15 industrial companies in their bid to decarbonise under its first round of "climate protection contracts", the economy ministry said on Tuesday.
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