EUROPE RESEARCH ROUNDUP-Auction Technology, Compass, D'Ieteren Group Sept 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Auction Technology, Compass Group and D'Ieteren Group on Tuesday. HIGHLIGHTS * Auction Technology Group Plc ATG.L : JP Morgan raises to overweight from neutral * Compass Group CPG.L : RBC cuts to sector perform from outperform * D'Ieteren Group SA IETB.BR : Jefferies cuts to hold from buy * Hermes HRMS.PA : Ex

Samsung India strike puts spotlight on powerful Indian labour group Labour group CITU-backed Samsung strike enters fifth day The protests cast shadow on Indian PM Modi's manufacturing goals Group plans unions at electronics firms Flex and Sanmina By Munsif Vengattil and Praveen Paramasivam CHENNAI, Sept 13 (Reuters) - A labour strike in India that has disrupted production at a Samsung plant has put the spotlight on a politically-backed worker group which quietly mobilized employees of the South

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P

FOCUS-Struggling Northvolt stokes fear for Europe's battery future Northvolt's troubles trigger doubts about its ability to produce enough batteries for Europe Northvolt to buy cathode active materials from Asian suppliers, source says Delivery issues triggered BMW contract cancellation, sources says Northvolt's struggles raise questions about future gigafactories and joint ventures, industry analysts say By Marie Mannes STOCKHOLM, Sept 13 (Reuters) - Northvolt's shock decision this week to shri

Europe Gasoline/Naphtha-Gasoline margins drop amid demand concerns LONDON, Sept 12 (Reuters) - Northwest European gasoline refining margins dropped by $1.50 to $6.50 a barrel on Thursday amid ongoing concerns over global consumption. Some 10,000 metric tons of Eurobob E10 barges traded in the Argus window. Shell, Sahara and Equinor sold to Exxon, TotalEnergies and van Raak.

BUZZ-Barclays weighs in on potential tariff risk for Europe if Trump wins ** Barclays sees an up to high single-digit percent hit on European earnings if Donald Trump wins the U.S. presidential race and in the event of a full-blown trade war ** "A Trump win may raise concerns of a full-blown trade war," the British bank's strategists say in a note ** While the direct impact to potential U.S.

India's Tata, MG offer free charging, battery rentals to lure EV buyers High costs, charging difficulties seen slowing sales Automakers launch schemes to lure buyers MG Motor offers battery rental service Price of one Tata Motors model cut by a fifth By Nandan Mandayam and Aditi Shah NEW DELHI, Sept 12 (Reuters) - India's top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has launched its first battery rental plan, in strateg

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *

BUZZ-Brilliance China Automotive sinks to 5-month low as chairman quits ** Shares of Brilliance China Automotive Holdings Ltd 1114.HK drop as much as 11.2% to HK$2.62, their lowest since April 5, and on course for a fifth consecutive session of fall ** Stock on track for the biggest one-day pct decline since Feb 6, if trend holds ** The Chinese veh

German union ready to strike as industrial sector pay talks start BERLIN, Sept 11 (Reuters) - Germany's largest industrial union, IG Metall, demanded a pay rise of 7% for almost four million workers in the country's auto, electrical and metal industries as collective bargaining talks got under way on Wednesday. WHY IT'S IMPORTANT? IG Metall has said it is prepared to strike alongside the talks, potentially piling more pressure on manufacturers already faced with the threat of de-industrialisatio

BRIEF-BMW Brilliance to recall 304,502 China-made cars, BMW to recall 57,441 imported cars Sept 11 (Reuters) - CHINA'S MARKET REGULATOR: BMW BRILLIANCE TO RECALL 304,502 CHINA-MADE CARS AND BMW TO RECALL 57,441 IMPORTED CARS Reporting by Beijing newsroom

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M

PRESS DIGEST-British Business - Sept 11 Sept 11 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Egypt-focused gold miner Centamin CEY.L is set to become the latest mining company to leave the London stock market after it agreed to a takeover from AngloGold Ashanti AU.N .

Europe Gasoline/Naphtha-Gasoline margins rise, demand concerns deepen LONDON, Sept 10 (Reuters) - Northwest European gasoline refining margins rose sharply above $10 a barrel on Tuesday following a sharp sell-off in crude prices, while concerns over demand increased. Some 11,000 metric tons of Eurobob E10 barge traded in the Argus window. Gunvor, Equinor and Musket sold to Varo, Mabanaft, BP and BMW.

Continental sees warranty provisions in mid double-digit million euro range FRANKFURT, Sept 10 (Reuters) - Continental CONG.DE has recognised provisions in the mid double-digit million euro range for a warranty case involving its MK C2 integrated brake systems and assumes that this will be sufficient, a spokesperson for the car parts supplier said on Tuesday.

UPDATE 4-BMW cuts 2024 outlook on Continental brake issues, shares plunge BMW now expects EBIT margin of 6-7% in 2024 Continental says some braking systems need to be replaced BMW shares down 11.7%, Continental shares down 10% Adds share price benchmark in paragraph 2, Citi analysts in paragraph 7 By Paolo Laudani and Christina Amann Sept 10 (Reuters) - BMW BMWG.DE cut its 2024 profit margin outlook on Tuesday due to sluggish demand in its key Chinese market and problems related to a braking sys

BUZZ-BMW shares fall after FY outlook cut, dragging peers ** Shares in BMW BMWG.DE fall around 7% to their lowest since October 2022 after the German carmaker trimmed its guidance, dragging its peers down ** BMW now expects FY EBIT margin to be in a range of 6% to 7% compared to 8% to 10% previously targeted ** Shares in Mercedes-Benz MBGn.DE , Vol

Continental: will replace some braking systems supplied to BMW Sept 10 (Reuters) - Car part maker Continental CONG.DE on Tuesday said it will have to replace some braking systems supplied to carmaker BMW BMWG.DE , pointing to problems with its MK C2 product. The affected MK C2 brakes are still able to perform to the legally required standards, Continental said in a statement, and affected cars were in the process of having them replaced.

BMW trims 2024 profit margin, deliveries forecast Sept 10 (Reuters) - BMW BMWG.DE trimmed its guidance for profitability and deliveries on Tuesday, saying it faces headwinds in the automotive segment resulting from delivery stops and technical actions linked to the Integrated Braking System (IBS). The German carmaker expects its earnings before interest and taxes (EBIT) margin to be between 6% and 7% for 2024, having previously guided for the figure to be between 8% and 10%.

BUZZ-Slow EV momentum, trade tension bring volatility to European car makers - Berenberg ** Berenberg expects the European automotive sector to remain volatile amid slowing electric vehicle (EV) momentum, trade tensions with China and regulatory uncertainties ** The broker lowers its 2024-26 OEM automotive operating profit outlook by about 10% on a