Hints and tips:
Related Special Reports
...This prompted Berlin to consider taking a stake, in order to accelerate the spin-off from ailing parent company Thyssenkrupp....
...Thyssenkrupp has cut its full-year sales and profit guidance as Germany’s largest steelmaker warned of slowing European demand from carmakers....
...Chief executive Miguel López joined the company last year, after his predecessor Martina Merz was pushed out by the board because of slow progress in the company’s efforts to spin out its steel and submarine...
...The Essen-based company, which includes a naval as well as a bearings division, on Wednesday posted a net loss of €2bn for 2023, blaming “high raw material and energy costs” especially in the first half...
...company €8bn....
...Electrolyser maker Thyssenkrupp Nucera sketches out the way of things to come....
...Companies such as Thyssenkrupp expect that it will eventually be cheaper to produce green steel....
...group Thyssenkrupp....
...Thyssenkrupp revived old plans to spin off its naval unit in March....
...Current demands by Benner’s IG Metall for four-day work weeks in the steel and iron industries have drawn ire ahead of expected job cuts as companies such as Thyssenkrupp and Salzgitter prepare to make greener...
...Big share price moves in Europe today include UK software company Sage, and German companies Bayer and Thyssenkrupp: Sage: The UK company added 11 per cent, leading gains on the Stoxx Europe 600, after...
...Thyssenkrupp has announced long-awaited plans to list hydrogen business Nucera in Frankfurt, as the former industrial giant continues to shrink after years of hardship.The Essen-based company said on Monday...
...But Thyssenkrupp’s two-thirds share would still be worth almost half of its market capitalisation....
...In Germany, Thyssenkrupp has secured €2bn, while ArcelorMittal will get a package worth as much as €850mn in France. This may make sense in some locations, but not everywhere....
...At the same time, Merz faced fierce criticism from employee representatives, who make up half of the company’s supervisory board, over the delays in the restructuring of the group’s steel unit....
...owner Kering issues rare luxury sector profit warning (FT) AstraZeneca strikes $2.4bn deal for radiotherapy biotech Fusion (FT) Airbus ends talks with Atos on deal for big data and security unit (FT) Thyssenkrupp...
...The head of Thyssenkrupp’s naval unit, Oliver Burkhard, was among a group of senior German defence executives who accompanied Pistorius on the trip to India....
...But one person close to ThyssenKrupp said the company did not expect the government to intervene....
...“Delivery people were left out of the profits the company made during the pandemic.”...
...All of this makes Thyssenkrupp’s restructuring a long game. There is latent value to capture, but only for the most patient shareholders....
...Thyssenkrupp has been awarded €2bn by the German government to support its hydrogen-based investment plans, while ArcelorMittal in 2023 was promised a total of €1.2bn by various European governments for...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Spinning out a business can electrify a company’s share price. That may be the hope behind Renault’s plan to float Ampere, its independent electric vehicle manufacturer....
...But with no real blood oath intact at JPMorgan (and no chance of repercussions for breaking it, as was the unfortunate fate of Travelers director Edward Budd), Dimon appears to have decided that he has waited...
International Edition