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...The 160-year-old German corporate juggernaut was also in dire straits, he said....
...Encouraging everything from joint procurement to prioritising EU-based defence companies over non-EU suppliers, it has set a target to procure at least 50 per cent of its budget from European defence suppliers...
...Last week, Bayer also cut its dividend to the legal minimum required under German law for three years, meaning a payout of just €0.11 for 2023 versus €2.40 a share in 2022....
...Activist investor Jeff Ubben is set to join Bayer’s supervisory board as the struggling German aspirin-to-glyphosate conglomerate prepares to update investors about a potential break-up early next week....
...Bayer has had to pay out billions of dollars after juries in litigation that was also led by Wisner found a link between a weedkiller developed by Monsanto, the US company the German group acquired in 2018...
...The CEO said he was unhappy with Bayer’s share price, which has fallen almost 20 per cent this year, underperforming the German stock market....
...The company said it would continue to study the drug in a separate trial for stroke patients. Analysts at Barclays said they saw the failure as “a total surprise” and downgraded the stock....
...The setback over a drug that was supposed to generate up to €5bn in annual sales at its peak caused Bayer’s already struggling stock to fall 18 per cent in a day....
...The Israel-Hamas war has been a “wake-up call” for German investors, according to the chief executive of military supplier Renk, who said many funds that had remained wary of defence stocks even after Russia...
...The German drugs and pesticides maker released ugly quarterly earnings on Tuesday, the same day Bayer said it wouldn’t split itself up, and investors punished the company by sending shares down to a 19-year...
...With a stock market value of just €51bn, the company is currently worth less than Bayer on its own before the Monsanto acquisition....
...KNDS — the joint venture between German Krauss-Maffei Wegmann and French Nexter that is developing a future tank system — and Boston-based asset management group Wellington Management Company, have pledged...
...The biggest movers on European stock markets on Monday morning include British music rights company Hipgnosis, UK online groceries retailer Ocado and German delivery platform Delivery Hero....
...Quick links to Lex A troubled trio for you: Bayer has a big week approaching....
...Nisbets stock a good one for £22.78....
...Need to know: business Bayer shares plummeted as much as 18 per cent after the German pharma company reported failure of a late-stage trial for its asundexian blood-thinner....
...It has made Nvidia a behemoth in financial markets; Goldman Sachs’ trading desk has called the company “the most important stock on planet earth”....
...Bayer shares, trading at around €52, are now half of what they were in 2016 just before the rumours about the transaction started to circulate, compared to the wider German stock market, which is up by a...
...Crédit Agricole had in 2018 entered a partnership with German payments company Wirecard, which it paused amid concerns around the now-collapsed group’s accounting....
...The mysterious rise of the company behind China’s Temu Has there ever been a weirder company to be valued at more than $150bn on the US stock market?...
...Chief executive Niklas Östberg said at the time he had “huge respect” for Shu and his team and that the company’s stock “felt undervalued”....
...Chief executive Elon Musk said the company would provide more details in August, alongside a “robotaxis” announcement....
...and German conglomerate Bayer, which has been entwined in litigation over its weedkiller Roundup....
...But it adds up to real money if you multiply that dividend by 59 per cent of the company’s stock....
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