|Bid||0.000 x 410300|
|Ask||0.000 x 177800|
|Day's range||16.650 - 17.705|
|52-week range||11.315 - 23.315|
|PE ratio (TTM)||N/A|
|Earnings date||13 Mar 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
German energy company Innogy on Wednesday trimmed its operating profit forecast for 2017, citing a persistently difficult market environment for npower, its ailing British retail energy supply business. ...
Germany's Innogy on Wednesday cut its outlook for operating profit in 2017, citing a persistently difficult market environment for its British retail energy business, which it last month agreed to merge ...
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Barclays remains bullish on the European telecoms, seeing positive revenue and EBITDA growth in 2018 across the ...
FRANKFURT/LONDON, Dec (Shanghai: 600875.SS - news) 7 (Reuters) - Chemical giant BASF agreed to merge its oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, to create one of the largest independent oil and gas firms in Europe, the companies said. Fridman and his partners in the LetterOne investment vehicle made billions by selling their Russian oil empire in 2013 but have since struggled to expand in the United States and Britain due to sanctions imposed on Moscow despite not being under sanctions themselves.
BASF said it was in talks to combine its oil and gas unit Wintershall with DEA (Shenzhen: 002260.SZ - news) , the energy group owned by Russian billionaire Mikhail Fridman, as the German group expands its core plastics and chemicals operations. "BASF would hold the majority of the shares in the joint enterprise. An initial public offering (IPO) of the joint enterprise would be an option in the medium term," BASF said in a statement.
The future of Germany’s coal industry is moving back into the spotlight as Chancellor Angela Merkel restarts talks on forming a new coalition government, with pressure building for stricter limits on the ...
MILAN/FRANKFURT, Nov 20 (Reuters) - European shares rose on Monday as confidence over global economic activity and a retreating euro encouraged investors to brush off worries over the collapse of coalition government talks in Germany. Germany's DAX rose 0.5 percent, more than 60 points above the 13,000 points benchmark after reversing early morning losses that sent the index down as much as 0.5 percent.
Germany's main share index fell on Monday after the collapse of government coalition talks, further weighing on the broader European market which has already spent two straight weeks in the red. While ...
German energy group Innogy will at some point pull out of the planned British retail supply joint venture with peer SSE, its chief executive said. Last week, the two groups announced plans to merge and list their British retail units to better compete with smaller rivals and reap badly-need synergies in a market with razor-thin margins. Innogy will hold a 34.4 percent stake in the combined entity, with SSE to own the rest, but Innogy Chief Executive Peter Terium said this structure would not last forever.
European shares remained stuck at seven-week lows on Tuesday as a fall among commodities-related sectors and telecoms firm Altice outweighed a buoyant tech sector. The pan-European STOXX 600 erased earlier ...
The Zacks Analyst Blog Highlights: RWE AG, Daimler AG, Bayer Aktiengesellschaft and Arkema S.A.
Southern European government bonds underperformed on Monday after an unexpectedly weak election result for Germany's Angela Merkel led to concerns about the emergence of a more hardline stance towards the euro zone in the bloc's largest economy. Some also said the German result could complicate the European Central Bank's policy path as it looks to scale back its monetary stimulus programme, which has driven down borrowing costs since its launch in 2015. The concerns come a day before French President Emmanuel Macron is due to announce his proposals for European Union reforms in a speech in Paris.
Dana Gas and its partners in the Pearl Petroleum consortium settled a dispute last month at the London Court of International Arbitration over payments for gas liquids production. The KRG agreed to pay $1 billion to the consortium and to reclassify some additional $1.24 billion from debt to outstanding costs that will be recovered by Pearl from future revenues.
Steel workers will meet in the western city of Bochum on Sept. 22 to demonstrate against the planned joint venture, the preferred option of Thyssenkrupp boss Heinrich Hiesinger. Thyssenkrupp's supervisory board is scheduled to discuss the plans a day later, the eve of a German national election. In a joint leaflet calling on workers to participate in the demonstrations, Germany's biggest trade union IG Metall and Thyssenkrupp's works council said that the company as a whole was at risk.
Swiss trading houses are muscling in on the global market for liquefied natural gas, until now the preserve of energy giants, and expect to grab a $10 billion share of the rapidly growing business this year. Trafigura, Gunvor, Vitol and Glencore (Frankfurt: 8GC.F - news) are all shaking up a decades-old system dominated by Western oil majors and state energy producers which sell LNG directly to large consumers on long-term contracts. "The trade houses ... are not fringe players any more," said Trafigura's head of LNG Hadi Hallouche.
FRANKFURT/DUESSELDORF, Sept 11 (Reuters) - Thyssenkrupp (Amsterdam: TH6.AS - news) may reach an agreement in principle this month to merge its European steel business with that of Tata Steel , the group said on Monday, adding talks were constructive and had entered the final stretch. A spokeswoman for Thyssenkrupp (IOB: 0O1C.IL - news) said the companies were close to a memorandum of understanding (MoU), paving the way for a detailed look at one another's books and detailed negotiations before creating the second-largest steelmaker in Europe.
Germany's Innogy and Norway's Statkraft won a public tender for their 860 megawatt Triton Knoll offshore wind project off the British coast, Innogy said on Monday. The final investment decision for the ...
DUESSELDORF/FRANKFURT, Aug 24 (Reuters) - Juergen Grossmann, owner of German steel firm Georgsmarienhuette (GMH) and a former CEO of utility RWE (IOB: 0FUZ.IL - news) , has distanced himself from a report saying his group could play a key role in the country's steel sector consolidation, a spokeswoman said. German business daily Handelsblatt reported earlier that Grossmann was exploring plans to form a "German Steel AG" to prevent a potential merger of Thyssenkrupp's European steel activities with those of Tata Steel.
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** JPMorgan cuts Provident Financial to "neutral" as after announcing further disruption to Home Credit, ...
European shares rose on Monday after geopolitical tension had sent them to their worst weekly losses of the year, with a softening currency buoying euro zone firms. The pan-European STOXX 600 ended the ...
German energy group RWE is considering all options in the planned sale of E.ON's 46.65 percent stake in Uniper, its chief executive said, fuelling expectations that the group might submit a bid. "I ...
Innogy, Germany's largest energy group, has no need of a strategic partner to help expand its business, its chief executive said on Friday, adding there was no prospect of a large deal involving the company. Innogy, focused on networks, renewables and retail, was split from RWE (IOB: 0FUZ.IL - news) last year in Germany's largest stock market flotation since 2000, giving investors direct access to faster growing businesses as opposed to RWE's legacy power plant and volatile energy trading operations.
The chief executive of Innogy , Germany's largest energy group, on Friday dismissed talk of new, large-scale consolidation in the European utility sector, saying recent media reports about the matter were ...
European equities turned positive after a damp start on Tuesday as strong gains in utilities, auto and energy stocks outweighed losses from Pandora after disappointing results. Investors pointed to strong ...