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SSAB Appoints Johnny Sjöström As New CEO

BRIEF-SSAB Appoints Johnny Sjöström As New CEO Aug 29 (Reuters) - SSAB AB SSABa.ST : JOHNNY SJÖSTRÖM NEW PRESIDENT AND CEO OF SSAB JOHNNY SJÖSTRÖM WILL START HIS NEW POSITION ON OCTOBER 28, 2024, SUCCEEDING MARTIN LINDQVIST MARTIN LINDQVIST WILL REMAIN PRESIDENT AND CEO UNTIL OCTOBER 27, 2024. Source text for Eikon: ID:nWkrc2BsnL Further comp
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Steelmaker SSAB appoints insider as new CEO

UPDATE 1-Steelmaker SSAB appoints insider as new CEO Adds detail in paragraphs 2-3 COPENHAGEN, Aug 29 (Reuters) - Swedish steelmaker SSAB SSABa.ST said on Thursday it had appointed company insider Johnny Sjostrom as its new CEO. Sjostrom is currently head of the company's business for special steels and will take up the new position on Oct 28. He replaces Martin Lindqvist who in April said he would step down after 13 years in charge to focus on board assignments and advisory roles.
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Steelmaker SSAB picks Johnny Sjostrom as new CEO

Steelmaker SSAB picks Johnny Sjostrom as new CEO COPENHAGEN, Aug 29 (Reuters) - Swedish steelmaker SSAB SSABa.ST said on Thursday it had appointed company insider Johnny Sjostrom as its new CEO. Reporting by Stine Jacobsen, editing by Terje Solsvik
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SSAB: HYBRIT Initiative Presents Results Of Research

BRIEF-SSAB: HYBRIT Initiative Presents Results Of Research Aug 27 (Reuters) - SSAB AB SSABa.ST : HYBRIT INITIATIVE PRESENTS RESULTS OF SIX YEARS OF RESEARCH IN FINAL REPORT TO SWEDISH ENERGY AGENCY REPORT SHOWS DIRECT REDUCED IRON PRODUCED WITH HYBRIT PROCESS HAS SUPERIOR CHARACTERISTICS COMPARED TO IRON PRODUCED WITH FOSSIL FUELS PROJECT IS NOW CO
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AB Foods, Bunzl, Barratt

EUROPE RESEARCH ROUNDUP- AB Foods, Bunzl, Barratt Aug 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AB Foods, Bunzl and Barratt on Tuesday. HIGHLIGHTS * AB Foods ABF.L : Deutsche Bank cuts to sell from hold * Bunzl BNZL.L : JP Morgan raises target price to 3,660p from 3,380p * Barratt BDEV.L : Morgan Stanley resumes coverage with equal-weight rating * Continental AG CONG.DE : UBS raises to buy from neutral * Schindler Holding
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Citi says weak Q3 for European steel already priced in by consensus

BUZZ-Citi says weak Q3 for European steel already priced in by consensus ** Citi sees earnings weakness in the seasonally soft Q3 for European steel, but expects that to already be taken into consideration by consensus estimates ** It points out that European steel prices have remained resilient amid falling raw material prices, leading to small recovery in spot steel margins ** The brokerage sees recovery in spreads as a "precursor to steel market recovery", which could potentially firm up late
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Admiral, Capgemini, Zurich Insurance Group

EUROPE RESEARCH ROUNDUP- Admiral, Capgemini, Zurich Insurance Group Aug 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Capgemini and Zurich Insurance Group, on Thursday. HIGHLIGHTS * Admiral ADML.L : Jefferies raises to hold from underperform * Capgemini CAPP.PA : Jefferies cuts target price to EUR 185 from EUR 195 * Glenveagh Properties Plc GLV.I : Jefferies raises to buy from hold * Orsted ORSTED.CO : Deutsche Bank c
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Ruukki Construction To Deliver Logistics Center In Tampere

BRIEF-Ruukki Construction To Deliver Logistics Center In Tampere Aug 14 (Reuters) - SSAB AB SSABa.ST : RUUKKI CONSTRUCTION SIGNED AN AGREEMENT WITH REAL ESTATE INVESTOR NREP'S LOGISTICS ARM LOGICENTERS TO DELIVER A UNIQUE LOGISTICS CENTER IN TAMPERE RUUKKI TO SUPPLY SANDWICH PANELS AND DESIGN PROFILES THE 30,000 M2 PROPERTY WILL FEATURE ABOUT 10,00
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Outokumpu beats Q2 core profit estimates, warns 'difficult' Europe environment

UPDATE 2-Outokumpu beats Q2 core profit estimates, warns 'difficult' Europe environment Rewrites with Europe outlook, add details on unit performance and outlook, context on rivals By Jagoda Darlak Aug 8 (Reuters) - Finland's Outokumpu OUT1V.HE on Thursday reported second-quarter core profit above expectations, citing normalized operations after a strike earlier this year, but warned that the operating environment in Europe remains difficult.
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Eurofer cuts European steel forecasts as demand recovery lags

UPDATE 1-Eurofer cuts European steel forecasts as demand recovery lags Adds detail and quotes By Matteo Allievi July 25 (Reuters) - The European steel market recovery this year and next is likely to be weaker than previously expected, industry group Eurofer said on Thursday, downgrading its outlook for a third time this year on faltering demand. Axel Eggert, general director of Eurofer, said that the impact from reduced consumer demand on the sector's finances threatens its investment capability
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Ascential Plc, Oxford Instruments, Reckitt Benckiser

EUROPE RESEARCH ROUNDUP-Ascential Plc, Oxford Instruments, Reckitt Benckiser July 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ascential Plc, Oxford Instruments and Reckitt Benckiser, on Thursday. HIGHLIGHTS * Ascential Plc ASCL.L : HSBC raises target price to 568p from 370p * Oxford Instruments OXIG.L : HSBC raises target price to 2850p from 2500p * Reckitt Benckiser RKT.L : HSBC cuts target price to 4800p from 4900p * RS Gr
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SSAB warns of slower than usual Q3, shares slump

BUZZ-SSAB warns of slower than usual Q3, shares slump ** Shares in SSAB SSABa.ST fall 5.4% after the Swedish steelmaker posted second-quarter operating profit below market estimates and warned of a steeper demand decline in Q3 ** "The seasonal downturn during the third quarter is assessed to be more pronounced than normal," the company says ** SSAB, which experienced lower U.S.
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SSAB Expects More Pronounced Decrease In Demand Than Normal In Q3

BRIEF-SSAB Expects More Pronounced Decrease In Demand Than Normal In Q3 July 24 (Reuters) - SSAB AB SSABa.ST : DECREASE COMPARED TO A YEAR EARLIER WAS PRIMARILY DUE TO LOWER US HEAVY PLATE PRICES MARKET IN EUROPE CONTINUED TO BE RELATIVELY WEAK, WHEREAS MARKET FOR HIGH-STRENGTH STEEL WAS MORE RESILIENT MARKET WAS WEAK AND POLITICAL STRIKES IN FINLA
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Acerinox says economic concerns cloud steel demand recovery in Europe

UPDATE 3-Acerinox says economic concerns cloud steel demand recovery in Europe Says demand remains soft in Europe Q2 EBITDA slumps 47% on strike impact, slow Europe Expects Q3 EBITDA to be similar to Q2 Recasts with comments on slow market recovery, adds CEO quotes in paragraphs 3, 4, 7, analyst comment in paragraph 9 By Matteo Allievi and Javier West July 24 (Reuters) - Spanish steelmaker Acerinox ACX.MC said on Wednesday that visibility would remain poor across the European steel markets in th
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Swedish steelmaker SSAB's profit slumps, warns of slow Q3

UPDATE 3-Swedish steelmaker SSAB's profit slumps, warns of slow Q3 Adds share move in paragraph 2, price outlook in paragraph 4, analyst comment in paragraph 6 By Marta Frackowiak July 24 (Reuters) - Swedish steelmaker SSAB SSABa.ST expects a steeper than usual demand decline in the third quarter, it said on Wednesday, after its second-quarter operating profit slumped 40% on lower U.S.
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Sweden's SSAB misses Q2 profit forecast

Sweden's SSAB misses Q2 profit forecast July 24 (Reuters) - Swedish steelmaker SSAB SSABa.ST reported a weaker than expected second - quarter operating profit on Wednesday, citing lower U.S. heavy plate prices and still relatively weak market in Europe. Reporting by Marta Frąckowiak in Gdansk; Editing by Milla Nissi
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Nordic corporate earnings week ahead

DIARY-Nordic corporate earnings week ahead July 19 (Reuters) - Diary of Nordic (OMXS30-SK, OBX-OS, OMXHPI-HE, OMXC20) corporate earnings for the week ahead NORDIC EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 23-Jul-2024 05:00 NHY.OL Norsk Hydro ASA Q2 2024 Norsk Hydro ASA Earnings Release 23-Jul-2024 05:00 VAR.OL Var Energi ASA Q2 2024 Var Energi ASA Earnings Release 24-Jul-2024 NTS EQNR.OL Equinor ASA Q2 2024 Equinor ASA Earnings Release 25-Jul-2024 NTS SUBC.OL Subsea 7 SA Q
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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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Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025

BUZZ-Jefferies cautious on steel firms' Q2, sees demand pick-up in 2025 ** Jefferies remains cautious into European steel sector's Q2 reporting season and says demand recovery might be pushed to 2025 ** It says steel prices are close to the bottom, and expects infrastructure related demand to pick up in late H2 2024 or in 2025, after the U.S. presidential election ** Thus it expects outlook commentary into Q3 to be cautious ** Jefferies' top picks are still ArcelorMittal MT.LU in Europe, and Cle
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