Hints and tips:
...Rhodia of France is able to extract heavy rare earths from ore supplied by Molycorp and Lynas. Non-Chinese production of heavy rare earths could increase if the economics were more favourable....
...Earlier this year, Solvay of Belgium announced a €3.4bn bid for French rival Rhodia....
...Even at a 44 per cent premium share price, French Rhodia will bring a better return than cash....
...Shares in Rhodia were down 0.1 per cent at €31.30....
...Chemicals companies Croda International , up 1.4 per cent to £17.18, and Elementis , 4.1 per cent stronger at 156p, were in demand after France’s Rhodia recommended a €3.4bn cash offer from Solvay....
...Rhodia says it “has not experienced any issue” with rare earth shipments....
...PSA Peugeot Citroën, in partnership with its supplier Rhodia, is studying ways of using high-tech materials including composites in its cars....
...- Corporate: Carlsberg, JC Decaux, Clariant, Rhodia, Adidas, Vopak, BRE Bank, Statoil, Solarworld, Wetherspoon, Taylor Wimpey, Marks & Spencer, Total, Next, Redrow, Heidelbergcement, Barratt Developments...
...For 25 years chemical engineer Ian Shott built a career in big-name businesses, holding senior executive roles in ICI, Zeneca, Lonza, ChiRex and Rhodia....
...The biggest mystery of the day was Rhodia, the French chemicals company, which fell 15 per cent at one point....
...First, the Autorite des Marches Financiers slapped a €750,000 on Rhodia related to the quality and transparency (or lack thereof) in its financial statements. But that was just the warm up....
...Moody’s upgraded Rhodia to Ba3, while S&P lifted it to BB- — leaving the credit at three levels below investment grade status — after the company said that it would sell a €450m convertible bond and had...
...That includes Alcatel, FedEx, General Electric, General Motors, Johnson & Johnson, Rhodia Chemicals, Roche and Sharpe, according to Chinese government tallies....
...Well-known chemicals companies whose R&D appears to be on a downward trend include Bayer, BASF, Akzo Nobel, ICI, Clariant and Rhodia....
...Rhodia said its earnings would benefit in 2007 from trading the resulting carbon emission credits....
...Rhodia said Chirex, since renamed Rhodia Pharma Solutions, had "not demonstrated the expected signs of improvement"....
...Rhodia rose 6 per cent to €1.60. The French chemicals company’s stock was continuing to benefit from the approval on Tuesday of a carbon emissions trading project in South Korea....
...Rhodia was also given a boost by news that it had won approval from South Korea for a project that would allow it to deal in carbon dioxide credits. BASF gained 2.3 per cent to €63.94....
...Switzerland’s Rhodia tightened 55bp to about 430bp on reports it could be bought by a larger rival such as BASF of Germany....
...Huntsman has built its reputation over 30 years as a shrewd acquirer of distressed assets, picking up operations from groups including UK-based ICI and Rhodia, the French group....
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