|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||22.040 - 22.282|
|52-week range||22.040 - 22.282|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
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Britain's markets watchdog is sending supervisors to Wales to make sure that 15 billion pounds ($19.74 billion) in steelworker pensions does not become a "honey pot" for crooks. The move -- made public at a parliamentary committee meeting on Wednesday -- is part of a broader crackdown by the Financial Conduct Authority to avert pension scams across Britain following changes in the law. Since 2015, Britain has made it possible for people to cash in their pension pots rather than waiting until retirment, resulting in people getting cold calls about taking the money.
CEO of Voestalpine AG Wolfgang Eder (R) said the company will invest 330-350 million euros ($390-410 million) in building a high-tech steelworks site at Kapfenberg, Austria
Germany's Thyssenkrupp will increase its capital by 10 percent in a sale of new shares to bolster its balance sheet ahead of a planned deal with India's Tata Steel. The two firms agreed last week to combine ...
Investors will be waiting to hear how the economy looks to Fed chief Janet Yellen and any hints when the US central bank will begin removing stimulus funds from the economy and raising interest rates next....
ThyssenKrupp and Tata plan to merge their European steel operations to create the continent's second biggest maker producing 21 million tonnes of steel per year.
Tata Steel (BSE: TATASTEEL.BO - news) and German industrial group Thyssenkrupp (IOB: 0O1C.IL - news) have signed a memorandum of understanding in what marks the first step towards a merger of the two companies. An announcement on the move made on Wednesday morning said Thyssenkrupp and Tata's European operations would join forces in a 50/50 venture which could see some job losses further down the line in the UK. Tata Steel, which is Britain's biggest steel producer, hit the headlines last year when it put its entire UK operations up for sale amid a deteriorating industry environment.
Britain and its trade unions called on Wednesday for Germany's Thyssenkrupp (IOB: 0O1C.IL - news) and India's Tata Steel (BSE: TATASTEEL.BO - news) to keep previous commitments to safeguard Welsh jobs when they merge their European steel operations. The fate of Tata's British businesses, including the UK's largest steelworks at Port Talbot in Wales, has been uncertain since Tata Steel said more than a year ago it planned to sell the British assets following heavy losses. In a joint statement, business minister Greg Clark and Roy Rickhuss, chair of the National Trade Union Steel Co-ordinating Committee said they welcomed the move "as long as commitments to safeguard jobs and extend blast furnace operations over the long term at Port Talbot were maintained".
German heavy industry giant ThyssenKrupp (headquarters pictured in Essen) and Indian group Tata have agreed to merge their steel operations in Europe
Germany's Thyssenkrupp will account for its 50 percent stake in a steel joint venture with Tata Steel using the at-equity method once the planned deal closes, flattering its balance sheet, it said on Wednesday. ...
Thyssenkrupp (IOB: 0O1C.IL - news) 's works council is prepared to consider a merger of the group's European steel operations with those of Tata Steel (BSE: TATASTEEL.BO - news) , even though it remains opposed to such a move as a way to restructure the business. "Negotiations will be difficult," Wilhelm Segerath, head of Thyssenkrupp's works council and member of the group's supervisory board, told reporters on Tuesday. Thyssenkrupp's supervisory board will meet on Sept. 23 to discuss the possible tie-up, which CEO Heinrich Hiesinger says is the best way to take overcapacity out of the market.
The government of North Rhine-Westphalia, home to engineering and steel group Thyssenkrupp (IOB: 0O1C.IL - news) , has come out in favour of the group's planned merger of its European steel operations with those of Tata Steel (BSE: TATASTEEL.BO - news) . "The potential merger with Tata is an opportunity to tie up with a strong partner in Europe," the state's Economy Minister Andreas Pinkwart, a member of the pro-business Free Democratic Party, said in a parliamentary session on Wednesday. Fearing that thousands of jobs could be cut as a result of a tie-up, unions have called on the new government to seek influence at Thyssenkrupp's largest shareholder, the Alfried Krupp von Bohlen and Halbach Foundation.
DUESSELDORF/FRANKFURT, Sept 12 (Reuters) - Labour leaders at Thyssenkrupp (IOB: 0O1C.IL - news) are willing to talk to management about an overhaul of the group's European steel operations, they said on Tuesday, but warned they remained opposed to a merger with Tata Steel (BSE: TATASTEEL.BO - news) . Thyssenkrupp Chief Executive Heinrich Hiesinger is under pressure to present a deal to combine Thyssenkrupp's and Tata Steel's European steel operations after talks have dragged on for a year and a half. "We want to hear what Thyssenkrupp has to say.
Thyssenkrupp could reach an agreement this month to merge its European steel business with that of Tata Steel, a spokesman for the group said, adding talks were constructive and had entered the final stretch. ...
Tata Steel's UK pension scheme has separated from the company after regulators confirmed its pensions deal, the company said on Monday, paving the way for a merger of the European steel assets of India's ...
DUESSELDORF/FRANKFURT, Sept 8 (Reuters) - Thyssenkrupp (Amsterdam: TH6.AS - news) shareholders are urging the group to clinch a deal with Tata Steel (BSE: TATASTEEL.BO - news) to merge their European steel businesses this year, warning failure to do so would be a blow to its credibility. Talks between the two firms over a potential combination have been dragging on for a year and a half, held up mainly by lengthy negotiations to cut Tata Steel's pension liabilities in Britain that ended with an agreement last month. A deadline for objections against the agreement ends on Friday, with no complaints expected, clearing a further hurdle for the two parties to sign a memorandum of understanding and start a detailed look at one another's books.
German industrial conglomerate ThyssenKrupp said it plans to slash 1,500 jobs in its industrial plant and shipbuilding arm, on top of thousands of cuts announced last month
Thyssenkrupp (Amsterdam: TH6.AS - news) should consider alternatives to a planned merger of its European steel activities with those of Tata Steel (BSE: TATASTEEL.BO - news) , German foreign minister Sigmar Gabriel said on Friday. "My actual request to the company is to look at other alternatives," Gabriel said in Duisburg, Germany's largest steelmaking centre. Thyssenkrupp Chief Executive Heinrich Hiesinger is interested in a tie-up of the group's European steel operations with those of rival Tata Steel, but workers fear such a move would result in the loss of thousands of jobs.
Thyssenkrupp (Amsterdam: TH6.AS - news) has no timeline to make a final decision on a potential merger of its European steel operations with those of peer Tata Steel (BSE: TATASTEEL.BO - news) , a spokesman for the group said. This is when a 28-day deadline for objections against the agreement ends. Tata received regulatory approval last week for a deal to cut its UK pension scheme liabilities, which was seen paving the way for a possible merger between its British and European steel businesses and those of Thyssenkrupp.
India's Tata Steel Ltd has received regulatory approval for a deal to cut its UK pension scheme liabilities, it said on Friday, paving the way for a possible merger between its British and European steel businesses and those of Germany's Thyssenkrupp. The pensions deal "represents the best possible structural outcome for the members of the British Steel Pension Scheme and for the Tata Steel UK business," Koushik Chatterjee, Tata Steel's group executive director, said.
Tata Steel (BSE: TATASTEEL.BO - news) has clinched a deal to detach its £15bn British Steel Pension Scheme (BSPS) in a move described as offering greater certainty for its 130,000 members. The announcement, confirming a Sky News exclusive earlier this week, could also pave the way for the Indian steelmaker to merge its European operations with German rival Thyssenkrupp (IOB: 0O1C.IL - news) . Under an agreement with UK pensions bodies and the company's pension trustees - welcomed by unions - Tata will inject £550m into the now-closed BSPS.
Thyssenkrupp will carefully evaluate any potential pension deal by Tata Steel before advancing with a hoped-for merger of both groups' European steel businesses, the German company's finance chief said ...