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Airbus to restructure Space Systems as consolidation talks continue

UPDATE 1-Airbus to restructure Space Systems as consolidation talks continue Adds details and context from paragraph 2 By Tim Hepher PARIS, July 29 (Reuters) - Airbus AIR.PA is drawing up a turnaround plan for its struggling Space Systems business, industry sources said, without waiting for the outcome of European consolidation talks that include Italy's Leonardo as well as France's Thales.
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Airbus plans Space Systems restructuring as consolidation talks continue

Airbus plans Space Systems restructuring as consolidation talks continue PARIS, July 29 (Reuters) - Airbus AIR.PA is drawing up a new turnaround plan for its Space Systems business, industry sources said, adding talks over potential European consolidation to fend off competition include Italy's Leonardo as well as France's Thales. Airbus has launched an immediate cash containment plan across the wider Defence and Space division, aims to announce the specific Space Systems restructuring in Septem
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Lumibird Receives New Orders From Thales

BRIEF-Lumibird Receives New Orders From Thales July 24 (Reuters) - Lumibird SA LBIRD.PA : LUMIBIRD RECEIVES NEW ORDERS FROM THALES TCFP.PA TOTAL ORDER VALUE IS APPROXIMATELY SEK 150 MILLION (EUR 12.8M) CONTRACT PERIOD IS 2025-2028 Source text for Eikon: ID:nGNE69zb8K Further company coverage: LBIRD.PA (Gdansk Newsroom)
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Britain awards Thales UK $228 million missile order

Britain awards Thales UK $228 million missile order LONDON, July 24 (Reuters) - The British government on Wednesday announced a 176 million pound ($228 million) order with Thales UK for the supply of lightweight multirole missiles for its armed forces. Hundreds of the missiles have been gifted to Ukraine since the Russian invasion in 2022, the government said.
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European satellite sector needs to consolidate to compete with Musk, Leonardo exec says

European satellite sector needs to consolidate to compete with Musk, Leonardo exec says FARNBOROUGH, England, July 23 (Reuters) - The European satellite sector needs to consolidate in order to keep pace with Elon Musk's rapidly-expanding network of Starlink communications satellites, an executive at Italian aerospace firm Leonardo LDOF.MI said on Tuesday.
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Europe's STOXX 600 ends marginally higher on tech boost

UPDATE 2-Europe's STOXX 600 ends marginally higher on tech boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 0.1% Porsche falls after cutting sales forecast SAP hits all time-high after adjusted profit beats estimates Updated at 1600 GMT By Pranav Kashyap, Shristi Achar A and Shashwat Chauhan July 23 (Reuters) - European shares e nded a touch higher on Tuesday as a rally in technology-related shares following robust earn
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Thales down on space biz margin worries

BUZZ-Thales down on space biz margin worries ** Thales TCFP.PA shares fall 5% after the defence electronics company posts weak margins in its space business and cuts outlook for the segment, even as it beats forecasts for group new orders and EBIT ** Thales says EBIT margin in the space segment was negative due to the lack of growth in the business
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Thales new orders jump 26%, but space business woes weigh on shares

UPDATE 2-Thales new orders jump 26%, but space business woes weigh on shares Adds shares in paragraphs 1, 8, CEO quotes in paragraphs 5, 6, 13, analyst comment in paragraph 9 By Olivier Sorgho and Pauline Foret July 23 (Reuters) - Europe's largest defence electronics company Thales TCFP.PA beat market expectations for fresh orders on Tuesday as military clients bought more gear, but margin worries in its space business sent its shares falling more than 4%.
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Tesla, Alphabet earnings take centre stage

LIVE MARKETS-Tesla, Alphabet earnings take centre stage 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 TESLA, ALPHABET EARNINGS TAKE CENTRE STAGE Markets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics back to focus on earnings and interest rates.
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Thales H1 operating profit beats expectations, helped by strong orders

Thales H1 operating profit beats expectations, helped by strong orders By Olivier Sorgho and Pauline Foret July 23 (Reuters) - Europe's largest defence electronics company Thales TCFP.PA on Tuesday slightly beat expectations for half-year operating profit, helped by strong demand from clients in the defence sphere. Half-year operating income rose 10.4% to 1.096 billion euros ($1.19 billion), while a consensus provided by the company had expected 1.093 billion.
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Thales H1 EBIT 1.10 Billion Vs Consensus 1.09 Bln

BRIEF-Thales H1 EBIT 1.10 Billion Vs Consensus 1.09 Bln July 23 (Reuters) - Thales SA TCFP.PA : H1 ORDER INTAKE EUR 10.78 BILLION VERSUS COMPANY CONSENSUS EUR 10.38 BILLION H1 SALES EUR 9.49 BILLION VERSUS COMPANY CONSENSUS EUR 9.52 BILLION H1 EBIT EUR 1.10 BILLION VERSUS COMPANY CONSENSUS EUR 1.09 BILLION H1 ADJUSTED EPS 4.21 EUROS VERSUS COMPANY
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Tesla, Alphabet earnings take centre stage

MORNING BID EUROPE-Tesla, Alphabet earnings take centre stage A look at the day ahead in European and global markets from Tom Westbrook Markets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics back to focus on earnings and interest rates. In the U.S., a September rate cut is all but locked in to prices, and in Europe a 25 basis-point cut is expected in October.
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Airbus looking at opportunities to create scale in space, satellites

UPDATE 1-Airbus looking at opportunities to create scale in space, satellites Adds quotes, background LONDON, July 21 (Reuters) - Airbus AIR.PA is looking at opportunities to create scale in defence, space and particularly satellites markets, CEO Guillaume Faury said on Sunday. Airbus and France's Thales TCFP.PA are exploring a tie-up of some space activities as new competition disrupts the sector, two industry sources said last week .
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Airbus interested in creating scale in space and satellites

Airbus interested in creating scale in space and satellites LONDON, July 21 (Reuters) - Airbus AIR.PA would be happy to find ways to create scale in the space and satellites market, CEO Guillaume Faury said on Sunday, ahead of this week's Farnborough Airshow. Airbus and France's Thales TCFP.PA are exploring a tie-up of some space activities as new competition disrupts the sector, two industry sources said last week .
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Embraer's Eve rolls out flying taxi prototype, cash needs covered until 2027

Embraer's Eve rolls out flying taxi prototype, cash needs covered until 2027 Prototype to fly by end of 2024 or early 2025, says CEO Johann Bordais Eve aims for certification by 2026, applied to Brazil's civil aviation regulator in 2022 New $94-million investment extends cash needs coverage to 2027 By Gabriel Araujo GAVIAO PEIXOTO, Brazil, July 21 (Reuters) - Electric aircraft maker Eve EVEX.N has showcased for the first time the full-scale prototype of its "flying taxi," achieving a milestone a
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Thales Signs MuO With KISED To Develop Korean Startups In Aerospace And Deeptech

BRIEF-Thales Signs MuO With KISED To Develop Korean Startups In Aerospace And Deeptech July 19 (Reuters) - Thales SA TCFP.PA : SOUTH KOREA INSTITUTE OF STARTUP & ENTREPRENEURSHIP DEVELOPMENT (KISED) AND THALES TO CHAMPION KOREA’S START-UP ECOSYSTEM THALES SOUTH KOREA, SIGN A MEMORANDUM OF UNDERSTANDING (MOU) TO FOSTER DEVELOPMENT OF KOREAN STARTU
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France corporate earnings week ahead

DIARY-France corporate earnings week ahead July 19 (Reuters) - Diary of France (.FCHI) corporate earnings for the week ahead FRANCE EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 23-Jul-2024 AMC LVMH.PA LVMH Moet Hennessy Louis Vuitton SE Half Year 2024 LVMH Moet Hennessy Louis Vuitton SE Earnings Release 23-Jul-2024 BMO EDEN.PA Edenred SE Half Year 2024 Edenred SE Earnings Release 23-Jul-2024 05:00 TCFP.PA Thales SA Half Year 2024 Thales SA Earnings Release 24-Jul-2024 AMC CAR
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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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UK defence firms discuss boosting support for Ukraine with Zelenskiy

UK defence firms discuss boosting support for Ukraine with Zelenskiy LONDON, July 18 (Reuters) - Senior executives from British defence firms including BAE BAES.L and Babcock BAB.L met Ukrainian President Volodymyr Zelenskiy on Thursday to discuss the need to boost military support for the country in its conflict with Russia. Zelenskiy was in Britain for a summit of the European Political Community (EPC) and the meeting in London also included representatives from Thales TCFP.PA , MBDA and KBR K
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Italy's Leonardo working with Thales, Airbus on new space strategy

UPDATE 1-Italy's Leonardo working with Thales, Airbus on new space strategy Adds quotes, details and background ROME, July 16 (Reuters) - Leonardo LDOF.MI is working with France's Thales TCFP.PA and Airbus AIR.PA on a joint strategy for the space sector, the head of the Italian aerospace and defence group said on Tuesday. " We are strongly active in catalysing large European alliances...
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