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Salzgitter


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ASOS, JTC, London Stock Exchange

EUROPE RESEARCH ROUNDUP-ASOS, JTC, London Stock Exchange Sept 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASOS, JTC and London Stock Exchange, on Thursday. HIGHLIGHTS * ASOS Plc ASOS.L : HSBC cuts to reduce from hold * JTC Plc JTC.L : RBC raises target price to 1,100p from 980p * London Stock Exchange LSEG.L : HSBC raises target price to 10,000p from 9,400p * Nordic Semiconductor ASA NOD.OL : Barclays cuts target price to NOK
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Auto File: EVs in reverse and reality catches up with Volvo

Auto File: EVs in reverse and reality catches up with Volvo By Nick Carey , European Autos Correspondent Greetings from London! Volkswagen’s shock announcement last week that it was considering shutting some plants in Germany and thus engaging in a battle with its powerful unions has remained a hot topic, raising questions about the future of Germany’s economic model .
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Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu
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Volkswagen's German battery plant to stay at half capacity amid cost pressures

Volkswagen's German battery plant to stay at half capacity amid cost pressures BERLIN, Sept 6 (Reuters) - Volkswagen's VOWG_p.DE PowerCo battery subsidiary will build just one of two planned production lines at its Salzgitter plant in Germany for now, its works council said, as the sector adjusts to slowing demand for electric vehicles. Group technology chief Thomas Schmall on Thursday showed a staff meeting a slide showing plans for just one production line at the plant totalling 20 gigawatt ho
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Spot prices up on lower German renewable supply

EUROPE POWER-Spot prices up on lower German renewable supply FRANKFURT, Aug 29 (Reuters) - European prompt power prices rose sharply on Thursday, with lower wind and solar generation expected in Germany on the day-ahead. German baseload power for Friday TRDEBD1 was up 5.1% at 114 euros ($126.40) a megawatt hour by 0820 GMT, while the French day-ahead equivalent was up 2.65% at 100.3 euros/MWh.
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Vattenfall And Salzgitter Conclude Electricity Partnership

BRIEF-Vattenfall And Salzgitter Conclude Electricity Partnership Aug 29 (Reuters) - SALZGITTER AG SZGG.DE : THE ENERGY COMPANY VATTENFALL AND THE STEEL AND TECHNOLOGY GROUP SALZGITTER AG ARE PUSHING AHEAD WITH THEIR JOINT GOAL OF DECARBONIZING INDUSTRIAL PRODUCTION PROCESSES A NEW POWER PURCHASE AGREEMENT (PPA) PROVIDES FOR FOSSIL-FREE ELECTRICITY
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Volkswagen's battery targets not 'set in stone', battery chief tells FAS

UPDATE 1-Volkswagen's battery targets not 'set in stone', battery chief tells FAS Adds further detail from interview, background GDANSK/BERLIN, Aug 23 (Reuters) - Volkswagen's VOWG_p.DE goal of building 200 gigawatt hours of battery capacity by 2030 is not "set in stone" and the carmaker will monitor how demand for electric vehicles (EVs) develops, its batteries chief told German newspaper FAS on Friday.
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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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Anglo American, Metro Bank, Synthomer

EUROPE RESEARCH ROUNDUP- Anglo American, Metro Bank, Synthomer Aug 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Metro Bank and Synthomer, on Thursday. HIGHLIGHTS * Anglo American AAL.L : Bernstein cuts target price to 2,500p from 2,700p * DNB Bank ASA DNB.OL : Citigroup cuts PT to NOK 208 from NOK 220 * Metro Bank MTRO.L : Peel Hunt raises target price to 60p from 30p * Synthomer SYNTS.L : HSBC cuts target pri
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Thyssenkrupp expects success in coming months regarding warship unit sale

Thyssenkrupp expects success in coming months regarding warship unit sale FRANKFURT, Aug 14 (Reuters) - Thyssenkrupp TKAG.DE is confident that efforts to sell its warship division, either to a consortium of buyers or via a spin-off, will be successful in the "coming months", Chief Executive Miguel Lopez told analysts on Wednesday. Thyssenkrupp Marine Systems (TKMS), which builds submarines and frigates, is currently being prepared for a standalone future, and both Carlyle CG.O and KfW KFW.UL are
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Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *
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Salzgitter starts cutting costs amid weak steel market

Salzgitter starts cutting costs amid weak steel market Aug 12 (Reuters) - Salzgitter SZGG.DE said on Monday it had started to implement cost cutting measures across its businesses, after the tough steel market in Germany led to a net loss in the second quarter. "The year 2024 is proving to be one of the most challenging for Germany's steel industry in decades," CEO Gunnar Groebler said in a statement.
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Salzgitter CFO Says Have Cut On All Budgets

BRIEF-Salzgitter CFO Says Have Cut On All Budgets Aug 12 (Reuters) - SALZGITTER AG SZGG.DE : SALZGITTER CFO: WE SET UP PROGRAM TO SAFEGUARD CASH POSITION, PROGRAM INCLUDES POSTPONEMENT OF SALCOS PAYMENTS - MEDIA CALL SALZGITTER CFO: WE HAVE ALSO ADDED COST REDUCTION MEASURES IN BUDGETS AND ALSO IN PERSONNEL COSTS AS WELL AS IN MAINTENANCE - MEDIA C
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Salzgitter Says Short-Term Profitability Improvement Measures Have Been Initiated

BRIEF-Salzgitter Says Short-Term Profitability Improvement Measures Have Been Initiated Aug 12 (Reuters) - SALZGITTER AG SZGG.DE : SALZGITTER AG DELIVERS A PRE-TAX RESULT AT BREAKEVEN IN THE FIRST HALF OF 2024 SALZGITTER AG - SUPPLEMENTARY SHORT-TERM PROFITABILITY IMPROVEMENT MEASURES INITIATED SALZGITTER AG - ANTICIPATE CASH INFLOW OF EUR 125 MIL
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Thyssenkrupp Steel sees $1.4 billion funding gap in planned divorce from parent

UPDATE 2-Thyssenkrupp Steel sees $1.4 billion funding gap in planned divorce from parent Thyssenkrupp at odds with steel unit over funding needs Dispute is part of efforts to sell steel unit Billionaire Daniel Kretinsky took part in board meeting Adds context in paragraph 3, details on funding gap in paragraph 8, details from paragraph 10 onwards By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF, Aug 9 (Reuters) - Thyssenkrupp's TKAG.DE steel division requires around 1.3 billion euro
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Thyssenkrupp Steel sees $1.4 bln funding gap in planned divorce from parent

REFILE-Thyssenkrupp Steel sees $1.4 bln funding gap in planned divorce from parent Refiles to correct abbreviation of division in second paragraph to TKSE, not TKMS, no other changes FRANKFURT, Aug 9 (Reuters) - Thyssenkrupp's TKAG.DE steel division requires around 1.3 billion euros ($1.4 billion) in additional funds beyond what its parent is prepared to pay in a planned separation process, the division's supervisory board chairman said on Friday.
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RWE agrees green power supply contract with steelmaker Salzgitter

RWE agrees green power supply contract with steelmaker Salzgitter FRANKFURT, Aug 6 (Reuters) - German utility RWE's RWEG.DE trading arm and steelmaker Salzgitter SZGG.DE have reached agreement on a sizeable long-term green electricity supply contract to help Salzgitter on its route to covering power demand with renewables by 2030. RWE Supply & Trading (RWEST) will provide Salzgitter with 64 gigawatt hours (GWh) of power from Brandenburg-based solar park Boitzenburger Land for seven years from 20
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RWE And Salzgitter Conclude Green Electricity Contract

BRIEF-RWE And Salzgitter Conclude Green Electricity Contract Aug 6 (Reuters) - SALZGITTER AG SZGG.DE : SALZGITTER GROUP AIMS TO COVER ALL ELECTRICITY REQUIREMENTS WITH ELECTRICITY FROM RENEWABLE ENERGIES BY 2030 RWE AND SALZGITTER GROUP CONCLUDE GREEN ELECTRICITY CONTRACT POWER PURCHASE AGREEMENT CONCLUDED WITH RWE FOR UP TO 64 GIGAWATT HOURS PER Y
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Salzgitter issues profit warning, blaming sluggish German economy

UPDATE 1-Salzgitter issues profit warning, blaming sluggish German economy Updates share, adds quotes from statement from paragraph 4, Thyssenkrupp background BERLIN, July 30 (Reuters) - German steelmaker Salzgitter SZGG.DE revised down its earnings outlook for the year on Tuesday, pointing to delayed infrastructure projects due to high energy and import costs as the German economy languishes in a downturn.
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