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Thyssenkrupp


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China stats, lower iron ore prices weigh on European steelmakers

BUZZ-China stats, lower iron ore prices weigh on European steelmakers ** Shares in European steelmakers fall on Tuesday dragged by "weak Chinese stats and lower iron ore prices," analysts say ** Iron ore futures retreated on Tuesday as investors and traders grew wary of prospects of forceful stimulus from top consumer China from its third plenum fo
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Britvic, Burberry, Prudential

EUROPE RESEARCH ROUNDUP-Britvic, Burberry, Prudential July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Britvic, Burberry, and Prudential, on Tuesday. HIGHLIGHTS * Auction Technology Group ATG.L : RBC initiates coverage with sector perform rating; PT 540p * Britvic BVIC.L : HSBC raises target price to 1290p from 1100p * Burberry BRBY.L : JP Morgan cuts target price to 800p from 1050p * Prudential PRU.L : JP Morgan cuts target
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Vinci Wins €74 Mln Contract For Green Hydrogen Steel Plant In Germany

BRIEF-Vinci Wins €74 Mln Contract For Green Hydrogen Steel Plant In Germany July 16 (Reuters) - Vinci SA SGEF.PA : VINCI WINS A CONTRACT FOR GREEN HYDROGEN STEEL PLANT IN GERMANY EUR 74 MILLION CONTRACT COBRA IS, VINCI SUBSIDIARY SELECTED BY SMS GROUP GMBH TO CARRY OUT PIPING AND MECHANICAL WORKS ON PART OF STEEL PRODUCTION PLANT OF THYSSENKRUPP
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Unilever July 15 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds details on fresh job cuts July 9 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO
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German metalworkers' union reaffirms 7% pay rise demand

German metalworkers' union reaffirms 7% pay rise demand FRANKFURT, July 9 (Reuters) - Germany's largest industrial union has confirmed a demand for 7% higher wages, previously recommended by its leadership for this year's collective bargaining round, a key indicator of wage growth in the euro area. "Inflation rates may well be declining but the prices to pay at the checkout remain high for people," the IG Metall union said in a statement on Tuesday.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Liberty Global, Crest Nicholson, NCR Voyix and Baxter International July 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2 000 GMT on Friday: * * Private equity firm Carlyle Group is in exclusive talks to acquire Baxter International's BAX.N kidney care spinoff Vantive for more than $4 billion, including debt, a person familiar with the matter told Reuters.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Thyssenkrupp, Dompe Farmaceutici, Crest Nicholson Updates: BBVA July 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Thyssenkrupp TKGA.DE , Salzgitter SZGG.DE and France's Vallourec VLLP.PA are reviewing a sale of their steel joint venture HKM after they were approached by a potential buyer, Germany's largest steelmaker said.
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Thyssenkrupp says steel joint venture sale under review after suitor emerged

UPDATE 2-Thyssenkrupp says steel joint venture sale under review after suitor emerged Adds details on potential suitor in paragraph 5, context in paragraph 6 FRANKFURT/DUESSELDORF, July 5 (Reuters) - Thyssenkrupp TKGA.DE , Salzgitter SZGG.DE and France's Vallourec VLLP.PA are reviewing a sale of their steel joint venture HKM after they were approached by a potential buyer, Germany's largest steelmaker said on Friday.
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Thyssenkrupp: looking into sale of steel JV HKM after receiving interest

Thyssenkrupp: looking into sale of steel JV HKM after receiving interest FRANKFURT, July 5 (Reuters) - Thyssenkrupp TKGA.DE , Salzgitter SZGG.DE and France's Vallourec VLLP.PA are reviewing a sale of their steel joint venture HKM after they were approached by a potential buyers, Thyssenkrupp said on Friday. Reporting by Christoph Steitz Editing by
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Rheinmetall, Leonardo CEOs say deal paves way for EU defence consolidation

UPDATE 2-Rheinmetall, Leonardo CEOs say deal paves way for EU defence consolidation Adds context on European defence consolidation in paragraphs 5-7 ROME, July 4 (Reuters) - The newly-formed joint venture between Germany's Rheinmetall RHMG.DE and Italy's Leonardo LDOF.MI is a first step in the consolidation of the European defence vehicle sector, the chief executives of the two groups said on Thursday.
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Bunzl, Relx, Rolls-Royce

EUROPE RESEARCH ROUNDUP-Bunzl, Relx, Rolls-Royce July 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Bunzl, Relx and Rolls-Royce, on Thursday. HIGHLIGHTS * Biomerieux BIOX.PA : Midcap raises to buy from hold * Bunzl BNZL.L : HSBC raises to buy from hold * Hennes & Mauritz HMB.ST : HSBC raises to buy from hold * Relx REL.L : Citigroup raises target price to 3525p from 3300p * Rolls-Royce RR.L : Barclays raises target price to 495p
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Hydrogen sector asks EU to help local firms compete with China

UPDATE 2-Hydrogen sector asks EU to help local firms compete with China Adds comment from Thyssenkrupp Nucera in paragraph 8 By Kate Abnett BRUSSELS, July 1 (Reuters) - European manufacturers of hydrogen equipment have urged the European Union to step in to help the industry compete with cheaper Chinese producers, in a letter seen by Reuters on Monday.
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Hydrogen sector asks EU to help local firms compete with China

Hydrogen sector asks EU to help local firms compete with China By Kate Abnett BRUSSELS, July 1 (Reuters) - European manufacturers of hydrogen equipment have urged the European Union to step in to help the industry compete with cheaper Chinese producers, in a letter seen by Reuters on Monday. The companies, among them Thyssenkrupp Nucera, Siemens Energy, and Nel Hydrogen, want Brussels to do more to ensure Europe-made equipment powers the EU's plan by 2030 to produce 10 million tonnes of renewabl
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Thyssenkrupp steel revamp to happen without forced layoffs

UPDATE 2-Thyssenkrupp steel revamp to happen without forced layoffs Agreement with future co-owner Kretinsky Workers will form committee to join revamp talks Steel business plan to be presented in summer Adds IG Metall spokesperson in paragraphs 7-9 By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, June 24 (Reuters) - The restructuring of Thyssenkrupp's TKAG.DE struggling steel unit will take place without forced layoffs, the company said on Monday, meeting a key demand of powerful
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Thyssenkrupp: steel revamp to happen without forced layoffs

Thyssenkrupp: steel revamp to happen without forced layoffs FRANKFURT, June 24 (Reuters) - The restructuring of Thyssenkrupp's TKAG.DE struggling steel unit will take place without forced layoffs, the company said on Monday. The business, in which Czech billionair Daniel Kretinsky wants to take a 20% stake, is faced with job and capacity cuts, which has stoked fears among workers that compulsory redundancies are on the cards.
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China wants EU to scrap EV tariff plans as talks start

UPDATE 5-China wants EU to scrap EV tariff plans as talks start Adds European Commission, German chancellor comments in paragraphs 3-5 By Joe Cash and Ryan Woo BEIJING, June 24 (Reuters) - Beijing wants the EU to scrap plans to impose preliminary tariffs on Chinese electric vehicle imports by July 4, China's state-controlled Global Times reported, after both sides agreed to negotiate a possible compromise.
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Thyssenkrupp steel division, Kretinsky to exclude redundancies, newspaper reports

Thyssenkrupp steel division, Kretinsky to exclude redundancies, newspaper reports FRANKFURT, June 22 (Reuters) - Czech billionaire Daniel Kretinsky has agreed there will be no redundancies as a result of a planned joint venture with German conglomerate Thyssenkrupp's TKAG.DE steel division, the Westdeutsche Allgemeine Zeitung newspaper reported on Saturday.
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Huhtamaki, Ryanair and Wizz Air

EUROPE RESEARCH ROUNDUP-Huhtamaki, Ryanair and Wizz Air June 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Huhtamaki, Ryanair and Wizz Air, on Friday. HIGHLIGHTS * B&M European Value Retail BMEB.L : Morgan Stanley cuts to underweight from equal weight * Huhtamaki HUH1V.HE : Barclays raises to overweight from equal-weight * Ryanair RYA.I : Barclays cuts to equal-weight from overweight * Wizz Air WIZZ.L : Barclays cuts to underw
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German metalworkers' union seeks 7% raise before bargaining round

UPDATE 3-German metalworkers' union seeks 7% raise before bargaining round Adds employers' comment, economist comment from paragraph 5 By Ludwig Burger FRANKFURT, June 17 (Reuters) - The leadership of German metalworkers' union IG Metall on Monday advised members to demand a 7% raise in the impending collective bargaining round, well above the current inflation rate .
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