Hints and tips:
...Earlier this year, DuPont, which merged with Dow Chemical at the end of August, paid an extra $2.9bn into the company’s main pension fund to boost its funding level....
...To shore up the federal budget, President Michel Temer’s government is privatising assets ranging from hydro-electricity companies to even the national mint....
...David Crow EARNINGS Dow Chemical Q3 $0.69 ($0.72) Eli Lilly Q3 $0.75 ($0.66) Microsoft Q1 $0.58 ($0.54) Results forecasts, from Thomson Reuters, are for fully diluted, post-tax EPS in local currency...
...Mr Brandtzaeg will remain chief executive of Hydro, the Norwegian aluminium company. Merger advisers not involved in the deal had already been critical of Yara’s conduct. “It looks a complete mess....
...Yara is in the middle of switching chief executives with Svein Richard Brandtzæg, the head of Norsk Hydro – from which the fertiliser company was spun a decade earlier – due to take over by February at the...
...Apple has said it plans to power all its facilities entirely with energy from renewable sources such as solar, wind, hydro and geothermal plants....
...“There are eight new hydro-crackers for diesel planned to come on stream in the US and Europe,” he says....
...Resources of oil and gas – not to mention renewable energy forms, notably hydro-electric and wind power – are abundant. Opportunities abound for further discoveries....
...The company’s customers include some of the largest aluminium companies in the world including Alcoa, HYDRO and Rio Tinto....
...Brussels-listed metals technology group Umicore advanced 4.7 per cent to €28.75 while, in Oslo, aluminium company Norsk Hydro gained 3.3 per cent to NKr32.04....
...The company’s financial advisor, Blackstone, is shopping the non-core hydro and forestry assets in hopes of fetching around USD 600m in proceeds....
...French miner Eramet, followed suit, it climbed 5.4 per cent to €340.50, while Norsk Hydro, the Norwegian aluminium producer gained 4 per cent to NKr57....
...Ineos, the UK’s biggest private company with sales approaching $45bn (£23bn), bought Norsk Hydro’s polymers business in February....
...Merck, the pharmaceuticals and chemicals company, fell 1.8 per cent to €81.98 after UniCredit cut its price target from €107 to €94....
...Belgium’s Umicore surged 9 per cent to €164.85 Thursday on speculation that the US’s cash-rich Dow Chemical was on the prowl for an acquisition target....
...Ineos, the UK chemicals group, has narrowly avoided a showdown with creditors by pulling a controversial restructuring of more than €6bn of high-yield loans at the eleventh hour....
...Bayer, the German drugs and chemicals group, rose 0.6 per cent to €52.55 after reporting a forecast-beating 30 per cent increase in second-quarter operating profit....
...company Ineos‘s five-year credit default swaps were also unchanged at 342.5bp after it agreed to buy Norsk Hydro‘s polymers unit....
...The rumour mill however spread to the Swiss speciality chemical sector....
...BSkyB has bought energy “offsets” from a wind power project in New Zealand and a Bulgarian hydro-electric power scheme....
...It has issued internal guidelines on business related to land and forest products, freshwater infrastructure and the chemicals industry and is due to issue further guidelines this year on climate change...
...Eon shares rose 6 per cent over the week to €85.30, helped by reports that it was about to sell its 43 per cent stake in speciality chemicals company Degussa to mining group RAG....
...Norsk Hydro fell 4.6 per cent to NKr700 after the Norwegian oil group warned that while 2005 earnings would be at record levels it would miss its output target....
...The oil producers, however, enjoyed a fillip with Austria’s OMV gaining 0.2 per cent to €46.60 and Norway’s Norsk Hydro finishing up 1.3 per cent at NKr683....
...Solvay climbed 2.3 per cent to €92 after the Belgian drug and chemicals group said it hoped to open a new research and development centre in Shanghai in the first quarter of next year....
International Edition