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BASF Says About 250 KG Of Pantolactone Leaked In Ludwigshafen Into Rhine

BRIEF-BASF Says About 250 KG Of Pantolactone Leaked In Ludwigshafen Into Rhine Oct 17 (Reuters) - BASF SE BASFn.DE : ON OCTOBER 17, BETWEEN 1000 AND 1130, ABOUT 250 KG OF PANTOLACTONE LEAKED FROM COOLING WATER SYSTEM OF BASF SE IN LUDWIGSHAFEN INTO RHINE (ADDS MISSING WORK 'LEAKED', CLARIFIES SYNTAX) PRODUCT LEAKAGE HAS BEEN STOPPED THE CAUSE IS ST
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BASF Receives Funding Approval Of Up To Eur 310 Mln

BRIEF-BASF Receives Funding Approval Of Up To Eur 310 Mln Oct 15 (Reuters) - BASF SE BASFn.DE : RECEIVES FUNDING APPROVAL FOR THE CONSTRUCTION OF THE WORLD’S LARGEST INDUSTRIAL HEAT PUMP FOR CO2-FREE STEAM GENERATION START OF CONSTRUCTION SCHEDULED FOR 1ST QUARTER OF 2025 THE GERMAN FEDERAL MINISTRY FOR ECONOMIC AFFAIRS AND CLIMATE ACTION TO PROV
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Germany earmarks $3 billion for decarbonisation subsidies

Germany earmarks $3 billion for decarbonisation subsidies Berlin to subsidise companies in exchange for emissions cuts Has awarded first 15 'climate protection contracts' Critics say plan protects uncompetitive sectors, is inefficient BERLIN, Oct 15 (Reuters) - The German government has earmarked up to 2.8 billion euros ($3.1 billion) to support 15 industrial companies in their bid to decarbonise under its first round of "climate protection contracts", the economy ministry said on Tuesday.
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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JPM restarts BASF with 'neutral', expecting gradual recovery

BUZZ-JPM restarts BASF with 'neutral', expecting gradual recovery ** J.P.Morgan resumes coverage of BASF BASFn.DE with "neutral", as it sees a gradual recovery despite near-term uncertainty related to revival of China demand and lower interest rates ** Though mid-term supply and demand challenges affect the industry, the broker expects a gradual re
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ArcelorMittal, Barratt Redrow, Croda

EUROPE RESEARCH ROUNDUP-ArcelorMittal, Barratt Redrow, Croda Oct 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ArcelorMittal , Barratt Redrow and Croda on Friday. HIGHLIGHTS * ArcelorMittal SA MT.AS : JP Morgan cuts to neutral from overweight * Barratt Redrow Plc BTRW.L : Citigroup cuts target price to 600p from 615p * Croda CRDA.L : JP Morgan cuts target price to 3875p from 4200p * Jet2 Plc JET2.L : Morgan Stanley raises targe
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Clp China, BASF And Envision Energy Sign 10-Year Power Purchase Agreement

BRIEF-Clp China, BASF And Envision Energy Sign 10-Year Power Purchase Agreement Oct 10 (Reuters) - BASF SE BASFn.DE : CLP CHINA - CLP CHINA (CLP), BASF, AND ENVISION ENERGY SIGNED A 10-YEAR POWER PURCHASE AGREEMENT TO SUPPORT BASF'S ADOPTION OF 100% RENEWABLE ENERGY AT ITS MANUFACTURING SITES IN NANJING, RUDONG, AND ZHENJIANG IN JIANGSU PROVINCE CL
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Imperial Brands, Kingfisher, Nestle SA

EUROPE RESEARCH ROUNDUP-Imperial Brands, Kingfisher, Nestle SA Oct 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Imperial Brands , Kingfisher and Nestle SA, on Wednesday. HIGHLIGHTS * Aixtron AIXGn.DE : Deutsche Bank cuts to hold from buy * ING INGA.AS : Deutsche Bank cuts to hold from buy * Imperial Brands IMB.L : JP Morgan raises target price to 2,600p from 2,250p * Kingfisher KGF.L : HSBC raises target price to 360p from 305
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Evonik Industries Evonik And BASF Agree On First Delivery Of Biomass-Balanced Ammonia With Reduced Co2 Footprint

BRIEF-Evonik Industries AG - Evonik And BASF Agree On First Delivery Of Biomass-Balanced Ammonia With Reduced Co2 Footprint Oct 7 (Reuters) - EVONIK EVKn.DE : EVONIK INDUSTRIES AG - EVONIK AND BASF AGREE ON FIRST DELIVERY OF BIOMASS-BALANCED AMMONIA WITH REDUCED CO2 FOOTPRINT Further company coverage: EVKn.DE , BASFn.DE (Gdansk Newsroom)
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Volkswagen cuts 2024 outlook as car demand falters

UPDATE 3-Volkswagen cuts 2024 outlook as car demand falters Volkswagen now expects profit margin of around 5.6% Outlook cut comes amid tough pay talks with unions BMW, Mercedes-Benz also slashed outlooks in September Adds details, context from paragraph 7 By Christoph Steitz and Christina Amann FRANKFURT/BERLIN, Sept 27 (Reuters) - Volkswagen VOWG_p.DE cut its annual outlook for the second time in less than three months on Friday, citing a weaker-than-expected performance at its passenger car di
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Europe's chemicals rise boosted by Chinese stimulus

BUZZ-Europe's chemicals rise boosted by Chinese stimulus ** European benchmark chemicals index .SX4P is up 2.2%, with German firms leading gains boosted by Chinese stimulus measures announced earlier this week ** BASF BASFn.DE , K+S SDFGn.DE and Wacker Chemie WCHG.DE all rise 5-7% ** Sebastian Bray, analyst at Berenberg, says BASF's shares are also
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Big Technologies, Safran, Volution Group

EUROPE RESEARCH ROUNDUP-Big Technologies, Safran, Volution Group Sept 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Big Technologies, Safran and Volution Group on Friday. HIGHLIGHTS * 3I Group III.L : Citigroup raises target price to 4140p from 3850p * Big Technologies Plc BIGB.L : Peel Hunt raises to add from hold * Safran SAF.PA : Jefferies raises target price to EUR 220 from EUR 205 * Solar Foods Oyj SFOODS.HE : Inderes rai
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BASF CFO: We Are Not Talking About Getting Rid Of Agriculture Unit, We Really Like It

BRIEF-BASF CFO: We Are Not Talking About Getting Rid Of Agriculture Unit, We Really Like It Sept 26 (Reuters) - BASF SE BASFn.DE analyst call: CEO SAYS WE HAD ENCOURAGING SUMMER MOMENTUM FOR THE GROUP BUT AUGUST WAS A BIT OF A DISAPPOINTMENT CEO: NO SIGN OF ECONOMIC PICKUP IN EUROPE, WE DON'T SEE SLOWING DOWN IN U.S. CFO: WE ARE NOT TALKING ABOUT G
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BASF to review 16% of production units at its largest complex

BASF to review 16% of production units at its largest complex FRANKFURT, Sept 26 (Reuters) - BASF will put 16% of its 900 production units at its Ludwigshafen site, the world's largest chemical complex run by a single company, under review over the short to medium turn, it said on Thursday. The analysis of the underperforming production installations will focus on their competitiveness, it said in a presentation posted on its website, confirming a Reuters report on Wednesday.
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Bayer Submits Application to US FDA For Third Indication of Darolutamide

BRIEF-Bayer Submits Application to US FDA For Third Indication of Darolutamide Sept 26 (Reuters) - BASF SE BASFn.DE : SUBMITS APPLICATION TO US FDA FOR THIRD INDICATION OF DAROLUTAMIDE SUBMISSION IS BASED ON POSITIVE RESULTS FROM THE PIVOTAL PHASE III ARANOTE TRIAL TRIAL SHOWED DAROLUTAMIDE PLUS ANDROGEN DEPRIVATION THERAPY (ADT) SIGNIFICANTLY REDU
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BASF slashes dividend for next 4 years amid structural overhaul

UPDATE 3-BASF slashes dividend for next 4 years amid structural overhaul Company struggling with weak demand in Europe Proposes cutting dividend to 2.25 from 3.40 euros Plans share buybacks to mitigate dividend cut Confirms potential overhaul of businesses Adds background on CEO from paragraph 3, detail on investment in paragraph 8, share price from paragraph 11, detail on agriculture unit in last paragraph By Ludwig Burger and Patricia Weiss Sept 26 (Reuters) - German chemicals giant BASF BASFn
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BASF lowers 2025 dividend payment to at least 2.25 eur per share

BASF lowers 2025 dividend payment to at least 2.25 eur per share Sept 26 (Reuters) - German chemicals giant BASF BASFn.DE said on Thursday that it will pay a dividend of at least 2.25 euros ($2.51) per share. This compares to an annual dividend proposal of 3.40 euros per share reported in February , as well a 2024 dividend payment of 3.40 euros. BA
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BASF targets partial listing of agriculture division

UPDATE 2-BASF targets partial listing of agriculture division Adds CEO remarks in paragraphs 3 and 9 FRANKFURT, Sept 25 (Reuters) - BASF BASFn.DE is planning a partial listing of its agricultural business because the stock market is underestimating the unit's earnings prospects within the group, the German chemicals giant's new CEO told staff on Wednesday.
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BASF targets partial listing of agriculture division -CEO in staff call

BASF targets partial listing of agriculture division -CEO in staff call FRANKFURT, Sept 25 (Reuters) - BASF BASFn.DE is planning a partial listing of its agricultural business because the stock market is underestimating the unit's earnings prospects, its new CEO told the German chemicals giant's staff in a global call. Markus Kamieth also said that BASF will consider strategic options for the group's coatings business, which mainly caters to the car industry, which could include a potential join
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Volkswagen digs in as workers threaten strikes over plant closures

UPDATE 5-Volkswagen digs in as workers threaten strikes over plant closures Company has said plant closures may be needed in Germany Unions have vowed to fight any such moves German industry struggling with high costs, competition Union threatens strikes from December Recasts with statements after talks By Christina Amann, Christoph Steitz and Matthias Williams HANOVER, Germany, Sept 25 (Reuters) - Volkswagen VOWG_p.DE flatly rejected union demands after the first round of bitterly contested tal
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