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ABB


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ABB India rises on beating Q2 profit estimates

BUZZ-ABB India rises on beating Q2 profit estimates ** Shares of engineering services firm ABB India ABB.NS rise as much as 4% to 8,263.75 rupees ** Co reported June-quarter profit of 4.43 billion rupees ($52.8 mln), beating analysts' estimates of 4.07 bln rupees ** Over 680,000 shares change hands by 10:54 a.m. IST, marking most active trading ses
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Engineering firm ABB India beats Q2 profit view on electrification demand

Engineering firm ABB India beats Q2 profit view on electrification demand BENGALURU, Aug 8 (Reuters) - Engineering services firm ABB India ABB.NS reported a better-than-expected second-quarter profit on Thursday, driven by higher demand for its electrification products. Profit at the Indian arm of Switzerland's ABB ABBN.S rose 50% year-over-year to 4.43 billion rupees ($52.78 million) in the three months ended June 30. Analysts, on average, expected 4.07 billion rupees in profit, according to LS
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Siemens profit beats market view on software but outlook remains guarded

UPDATE 2-Siemens profit beats market view on software but outlook remains guarded Q3 adjusted operating profit 3 bln euros vs forecast 2.8 bln Still sees FY revenue growth at lower end of 4-8% range Shares down 0.5% Add details on demand from paragraph 3, CEO quote in 7, shares in 8, macroeconomic background in 9 By Ludwig Burger FRANKFURT, Aug 8 (Reuters) - Siemens SIEGn.DE beat quarterly earnings forecasts on Thursday, helped by demand for electricity infrastructure and production software, bu
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Siemens quarterly profit beats market view on electrification, software

Siemens quarterly profit beats market view on electrification, software FRANKFURT, Aug 8 (Reuters) - German industrial gear maker Siemens SIEGn.DE posted better-than-expected earnings growth during the April-to-June quarter, buoyed by customers who are upgrading their electricity infrastructure and by demand for production software. For its fiscal third quarter, Siemens on Thursday reported an 11% increase in operating profit before certain items to 3.0 billion euros ($3.3 billion), beating the
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India economic, corporate events on August 8

DIARY- India economic, corporate events on August 8 BENGALURU, Aug 8 (Reuters) - Diary of India economic, corporate events on August 8. ECONOMIC, CORPORATE .BSE500 EVENTS: RIC Local Start Date Local Time Indicator Name Period Reuters Poll Prior INREPO=ECI 8 Aug 2024 10:00 Repo Rate 8 Aug 6.50% 6.50% INRREP=ECI 8 Aug 2024 10:00 Reverse Repo Rate 8 A
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India's Kalpataru Projects International slips on Q1 profit fall

BUZZ-India's Kalpataru Projects International slips on Q1 profit fall ** Shares of Kalpataru Projects International KAPT.NS fall 2% to 1,328 rupees ** Construction and engineering co reported a 19% Y/Y fall in Q1 consolidated net profit as expenses jumped 9.2% ** Analysts covering the stock, on avg, have a "buy" rating vs "hold" on peers KEC Intern
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Olympics-Athletics-Running brand On launches spray-on marathon shoe in bid for Paris spotlight

Olympics-Athletics-Running brand On launches spray-on marathon shoe in bid for Paris spotlight By Helen Reid PARIS, July 25 (Reuters) - Running brand On made its latest move in the supershoe race on the eve of the Paris Olympics, unveiling a marathon shoe produced by a robotic arm spraying material onto a mold to create a sock-like upper, with no laces.
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India economic, corporate events on July 24

DIARY- India economic, corporate events on July 24 BENGALURU, July 24 (Reuters) - Diary of India economic, corporate events on July 24. ECONOMIC, CORPORATE .BSE500 EVENTS: RIC Local Start Date Local Time Indicator Name Period Reuters Poll Prior INPMIF=ECI 24 Jul 2024 10:30 HSBC Mfg Flash PMI Jul 58.0 58.3 INPMSF=ECI 24 Jul 2024 10:30 HSBC Services Flash PMI Jul 60.7 60.5 INPMCF=ECI 24 Jul 2024 10:30 HSBC Composite Flash PMI Jul 60.0 60.9 INM3MS=ECI 24 Jul 2024 17:00 M3 Money Supply 12 Jul, w/e 9
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Indian shares slide as government hikes trading-related taxes

INDIA STOCKS-Indian shares slide as government hikes trading-related taxes Updates at 12:51 p.m. IST By Bharath Rajeswaran and Manvi Pant BENGALURU, July 23 (Reuters) - Indian shares declined on Tuesday after the government raised the taxes related to trading derivatives and on capital gains on stock trades, which analysts said could hit the markets in the short term.
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Anglo American, Rio Tinto, Unilever

EUROPE RESEARCH ROUNDUP-Anglo American, Rio Tinto, Unilever July 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Rio Tinto and Unilever, on Tuesday. HIGHLIGHTS * Anglo American Plc AAL.L : HSBC cuts target price to 2,300p from 2,450p * Antofagasta Plc ANTO.L : HSBC raises target price to 1,400p from 1,100p * Belimo Holding AG BEAN.S : Jefferies raises target price to CHF 598 from CHF 498 * Rio Tinto RIO.L : HSBC
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Capital goods stocks down as India budget retains capex outlay

BUZZ-Capital goods stocks down as India budget retains capex outlay ** Shares of capital good stocks Thermax THMX.NS , Siemens SIEM.NS , ABB India ABB.NS , Larsen and Toubro LART.NS down between 1.4% to 4.8% ** India government retains capex outlay on Tuesday's budget from interim budget announced in Feb 2024 ** LART is the top loser in Nifty 50 in
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Adidas, Antofagasta, Buzzi

EUROPE RESEARCH ROUNDUP-Adidas, Antofagasta, Buzzi July 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas, Antofagasta and Buzzi, on Monday. HIGHLIGHTS * Adidas ADSGN.DE : HSBC raises target price to EUR 300 from EUR 240 * Antofagasta ANTO.L : Peel Hunt raises to reduce from sell * Barry Callebaut AG BARN.S : Citigroup raises to buy from neutral * Buzzi BZU.MI : JP Morgan cuts to underweight from neutral * Solvay SOLB.BR : U
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Sandvik misses Q2 core profit forecast, but orders improve

UPDATE 3-Sandvik misses Q2 core profit forecast, but orders improve Adds CEO comments 6 and 7, analyst comment in paragraph 11, details By Jesus Calero and Elviira Luoma July 19 (Reuters) - Swedish metal-cutting and mining equipment maker Sandvik SAND.ST reported a bigger-than-expected drop in second-quarter core profit on Friday, citing reduced demand from infrastructure clients.
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ABB wins contract with Washington State Ferries

ABB wins contract with Washington State Ferries ZURICH, July 19 (Reuters) - Swiss engineering group ABB ABBN.S said on Friday that it had been awarded a contract by Washington State Ferries (WSF) to serve as the sole provider of propulsion units for its new hybrid-electric 160-auto ferries. The five ferries will be the first of 16 new vessels delivered as part of WSF's $3.98 billion ferry system electrification plan, ABB said in a statement.
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Barclays, Mips AB, Novo Nordisk

EUROPE RESEARCH ROUNDUP-Barclays, Mips AB, Novo Nordisk July 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Barclays, Mips AB and Novo Nordisk on Friday. HIGHLIGHTS * Barclays BARC.L : Jefferies raises target price to 341p from 335p * Mips AB MIPS.ST : Jefferies raises to buy from hold * Novo Nordisk NOVOB.CO : HSBC raises target price to DKK 1150 from DKK 1030 * Spectris SXS.L : HSBC raises target price to 3750p from 3425p * S
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European shares end marginally lower as tech sell-off stymies advances

UPDATE 3-European shares end marginally lower as tech sell-off stymies advances For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 closes down 0.2% ECB keeps rates unchanged at 3.75% Volvo Cars rise on Q2 adjusted EBIT beat Husqvarna slides on Q2 sales drop Updated at 1600 GMT By Shristi Achar A, Pranav Kashyap and Shashwat Chauhan July 18 (Reuters) - European shares ended lower on Thursday as a continued selloff of chip stocks ke
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ABB CEO says demand from China is improving

ABB CEO says demand from China is improving ZURICH, July 18 (Reuters) - Swiss engineering group ABB ABBN.S has seen demand from China improving, outgoing Chief Executive Bjorn Rosengren said on Thursday, after weaker demand from the Asian giant had put a dampener on recent business. "China, if you look sequentially, it has stabilized already, so if you see, the demand from China continues to be improving," Rosengren said following publication of the company's latest results, noting electrificati
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ABB falls on 'mixed' Q2 results

BUZZ-ABB falls on 'mixed' Q2 results ** ABB ABBN.S slips 6% after posting Q2 results that Jefferies and J.P. Morgan see as "mixed" ** The latter expects a down day for the stock on the order miss given high expectations coming in ** JPM flags that Q2 orders and sales came -2% below consensus but Operational EBITA 1% ahead with a record margin (19.0
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ABB quarterly revenue lags forecasts, shares fall

UPDATE 3-ABB quarterly revenue lags forecasts, shares fall Recasts with share price, details, context, quote from CEO ZURICH, July 18 (Reuters) - ABB on Thursday posted a slightly better-than-expected profit in the second quarter, the engineering group's final set of numbers under departing Chief Executive Bjorn Rosengren, but shares stumbled as revenues fell short of expectations.
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Swiss stocks - Factors to watch on July 18

Swiss stocks - Factors to watch on July 18 ZURICH/GDANSK, July 18(Reuters) - Here are some of the main factors that may affect Swiss stocks on Thursday: ABB ABBN.S The company reported a Q2 revenue of USD 8.24 billion NOVARTIS NOVN.S The company raised its guidance for its core operating income, expecting growth of mid- to high teens. VAT Group VACN.S The company says its H1 EBITDA is up, at CHF 135 million ROCHE ROG.S The company's Vabysmo study met all primary endpoints SFS Group SFSN.S The gr
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