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Fortum


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Putin decree puts assets of Silgan Holdings Inc under temporary management

UPDATE 1-Putin decree puts assets of Silgan Holdings Inc under temporary management Adds detail in paragraphs 3-4 MOSCOW, July 11 (Reuters) - Russia has seized companies belonging to Silgan Holdings Austria GmbH and Silgan Metal Packaging Mitterdorf GmbH and placed them under temporary management, a decree signed by President Vladimir Putin showed on Thursday.
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France's EDF to redraft small modular reactor design amid cost, technology concerns

UPDATE 1-France's EDF to redraft small modular reactor design amid cost, technology concerns New headline; adds detail in paragraph 2 on how long the reactor has been in development; adds company source details on reasons, client information in paragraphs 2, 3 and 8 By America Hernandez PARIS, July 1 (Reuters) - French state-owned utility EDF will switch to using existing technologies for the design of its small modular nuclear reactors (SMR) rather than continuing to develop its own innovations
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European shares post quarterly loss as markets await French elections

UPDATE 2-European shares post quarterly loss as markets await French elections For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Air France-KLM drops on Barclays downgrade Nike's dour forecast drags JD Sports, Puma STOXX off 0.2%, clock weekly, monthly and quarterly loss Updated at 1600 GMT By Shristi Achar A, Shashwat Chauhan and Jesus Calero June 28 (Reuters) - European shares gave up early gains to close lower on Friday as a drop in sha
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GS downgrades Terna, Fortum, but sees demand growth for European power cos

BUZZ-GS downgrades Terna, Fortum, but sees demand growth for European power cos ** Goldman Sachs downgrades Italy's Terna TRN.MI and Finland's Fortum FORTUM.HE to "sell" from "neutral" on limited share upside and weaker profit and investment outlooks for the two power utilities ** By 0720 GMT, Terna shares are down 1.5% while Fortum drops 2.1% ** G
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Air France-KLM, Shell, Watches of Switzerland

EUROPE RESEARCH ROUNDUP-Air France-KLM, Shell, Watches of Switzerland June 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air France-KLM, Shell and Watches of Switzerland, on Friday. HIGHLIGHTS * Air France-KLM AIRF.PA : Barclays cuts to equal-weight from overweight * BP BP.L : Jefferies raises target price to 590p from 580p * Liontrust Asset Management Plc LIO.L : Peel Hunt cuts to hold from buy * Shell Plc SHEL.L : Jefferies
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Fortum, City Of Jyväskylä Partner To Bring Data Centre To Jyväskylä

BRIEF-Fortum, City Of Jyväskylä Partner To Bring Data Centre To Jyväskylä June 19 (Reuters) - Fortum Oyj FORTUM.HE : CITY OF JYVÄSKYLÄ AND FORTUM TO BUILD A DATA CENTRE COMPLEX OF AT LEAST 20 HECTARES ON LAND OWNED BY CITY IN SEPPÄLÄNKANGAS AREA WILL DEVELOP AND MARKET AREA TO POTENTIAL DATA CENTRE OPERATORS WHO WILL MAKE ACTUAL INVESTMENTS
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Fortum Signs First Green Loan Under Its Green Finance Framework

BRIEF-Fortum Signs First Green Loan Under Its Green Finance Framework June 5 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM SIGNS ITS FIRST GREEN LOAN UNDER ITS GREEN FINANCE FRAMEWORK LOAN PARTLY REFINANCES A CURRENT LOAN OF EUR 700 MILLION OF WHICH FORTUM WILL PREPAY EUR 400 MILLION IN JUNE EUR 300 MILLION GREEN LOAN IS GRANTED BY OP CORPORATE BANK PL
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Fortum Battery Recycling And Marubeni Corpo­Ration Sign MoU

BRIEF-Fortum Battery Recycling And Marubeni Corpo­Ration Sign MoU June 3 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM BATTERY RECYCLING OY AND MARUBENI CORPO­RATION SIGN MOU Further company coverage: FORTUM.HE (Gdansk Newsroom)
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Fortum Says Loviisa Nuclear Power Plant Low-Pressure Turbines To Be Modernised

BRIEF-Fortum Says Loviisa Nuclear Power Plant Low-Pressure Turbines To Be Modernised May 29 (Reuters) - Fortum Oyj FORTUM.HE : LOVIISA NUCLEAR POWER PLANT LOW-PRESSURE TURBINES TO BE MODERNISED, INCREASING CAPACITY BY APPROXIMATELY 38 MW IT IS ESTIMATED THAT INVESTMENTS RELATED TO LIFETIME EXTENSION WILL AMOUNT TO APPROXIMATELY ONE BILLION EUROS BY 2050 OVER PAST FIVE YEARS, FORTUM HAS INVESTED APPROXIMATELY 200 MILLION EUROS IN REFURBISHING LOVIISA POWER PLANT.
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Europe stock pickers go old-school to ride the next wave in AI

ANALYSIS-Europe stock pickers go old-school to ride the next wave in AI AI theme still a hot topic in Europe Region's need for data centres in focus Utilities could benefit from higher power demand Infotech firms adopting tech stand out By Lucy Raitano LONDON, May 22 (Reuters) - European stock pickers are turning to more established sectors like utilities, professional data providers and even copper miners to tap into the next wave of the AI boom, a year after AI chipmaker Nvidia's NVDA.O emerge
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Ascential, Cellnex, Wise

EUROPE RESEARCH ROUNDUP- Ascential, Cellnex, Wise May 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Ascential, Cellnex and Wise on Tuesday. HIGHLIGHTS * Ascential ASCL.L : Berenberg re-initiates coverage with buy rating; target price 395p * Burberry BRBY.L : Barclays cuts target price to 1090p from 1340p * Cellnex CLNX.MC : Berenberg raises to buy from hold * Trainline TRNT.L : Deutsche Bank initiates coverage with buy rating a
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Moscow takes control over assets of Western companies

FACTBOX-Moscow takes control over assets of Western companies Adds AgroTerra, Commerzbank, Deutsche Bank, JPMorgan, UniCredit, Rolf; updates Danone May 20 (Reuters) - Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions.
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Top of the Street: Roche, Inditex, Lanxess, Fortum

BUZZ-Top of the Street: Roche, Inditex, Lanxess, Fortum A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Jefferies cuts German chemicals maker Lanxess LXSG.DE to "underperform" from "hold", citing a too-high financial risk related to its debt ** Morgan Stanley downgrades UK-based online car marketplace Auto Trader Group AUTOA.L to "underweight" from "equal-weight", saying the "Deal Builder" service is not driving meaningful growth for another 1-2 years **
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Britvic, Energean, Pandora

EUROPE RESEARCH ROUNDUP- Britvic, Energean, Pandora May 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Britvic, Energean and Pandora, on Thursday. HIGHLIGHTS * Britvic Plc BVIC.L : Peel Hunt raises target price to 1100p from 1000p * Energean Plc ENOG.L : Jefferies raises target price to 1,350p from 1,250p * Pandora PNDORA.CO : Citigroup raises target price to DKK 1330 from DKK 1255 * Surgical Science Sweden AB SUSW.ST : Berenbe
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Ceres Power Holdings, Spirent Communications, Workspace

EUROPE RESEARCH ROUNDUP-Ceres Power Holdings, Spirent Communications, Workspace May 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ceres Power Holdings, Spirent Communications and Workspace, on Friday. HIGHLIGHTS * 3I Group Plc III.L : Barclays raises target price to 3050p from 2815p * Ceres Power Holdings Plc CWR.L : Peel Hunt cuts target price to 500p from 550p * Iomart Group Plc IOMG.L : Deutsche Bank initiates coverage with
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Fortum Sells Ownership In 185-MW Indian Solar Portfolio

BRIEF-Fortum Sells Ownership In 185-MW Indian Solar Portfolio May 3 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM SELLS ITS OWNERSHIP IN THE 185-MW INDIAN SOLAR PORTFOLIO AND CONSIDERS ALTERNATIVES FOR ITS REMAINING OPERATIONS IN INDIA SIGNED AN AGREEMENT TO SELL REMAINING 43.75% SHARE OF ITS INDIAN SOLAR POWER PORTFOLIO TO GENTARI RENEWABLES INDIA PTE. LTD.
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Adidas, HSBC, Renishaw

EUROPE RESEARCH ROUNDUP-Adidas, HSBC, Renishaw May 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, HSBC and Renishaw on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : Wedbush raises target price to EUR 233 from EUR 200 * Darktrace DARK.L : HSBC raises target price to 620p from 540p * Essity AB (Publ) ESSITYb.ST : HSBC resumes with buy rating; price target SEK 330 * HSBC HSBA.L : Berenberg raises target price to 830p from 80
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'Magnitude' of Q1 beat boosts Fortum shares

BUZZ-'Magnitude' of Q1 beat boosts Fortum shares ** Fortum FORTUM.HE shares rise 3% after the Finnish utility delivered a 18% beat on comparable operating profit ** Its Q1 comparable operating profit was EUR 530 million ($567 million), while Vara consensus had seen EUR 451 million ** J.P. Morgan says the share move is driven by "the magnitude of th
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Finnish utility Fortum Q1 profit falls less than expected

UPDATE 2-Finnish utility Fortum Q1 profit falls less than expected Adds forward power sales prices and volumes in 5th paragraph, background in paragraphs 4,6,7 HELSINKI, April 30 (Reuters) - Finnish utility Fortum FORTUM.HE reported on Tuesday a smaller-than-expected drop in January-March operating profit and said it will continue to cut costs this year.
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Finnish utility Fortum Q1 profit beats forecast

Finnish utility Fortum Q1 profit beats forecast HELSINKI, April 30 (Reuters) - Finnish utility Fortum FORTUM.HE reported on Tuesday a smaller-than-expected drop in January-March operating profit and said it will continue to cut costs this year. Reporting by Anne Kauranen, editing by Terje Solsvik
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