|Bid||0.00 x 410300|
|Ask||0.00 x 177800|
|Day's range||20.62 - 21.07|
|52-week range||11.02 - 21.69|
|PE ratio (TTM)||-3.69|
|Earnings date||14 Nov 2017|
|Dividend & yield||N/A (N/A)|
|1y target est||N/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 ...
European shares slipped on Friday but were set to end the week flat as the market sought a floor following a sell-off sparked by expectations of tightening monetary conditions. The STOXX 600 index fell ...
European shares logged their biggest one-day loss in nine months on Thursday as interest rate-sensitive sectors were hit by a rising hawkish chorus from central banks globally. The pan-European STOXX 600 ...
Centrica expects annual revenue of around 2 billion pounds by 2022 as Britain's biggest energy supplier takes aim at the growing home services market and flexible energy management. Centrica, parent firm ...
European shares wobbled on Thursday after the European Central Bank signalled an end to rate cuts and as Britons voted in a general election, though stronger banks and miners lent support. The STOXX 600 ended a choppy session flat in percentage terms, while Britain's blue chip FTSE index was down 0.4 percent. European equities hit a session low while banking stocks briefly turned negative after the ECB cut its inflation forecasts for the euro zone and signalled that it would not cut interest rates further.
FRANKFURT/PARIS, May 19 (Reuters) - RWE and Engie (Brussels: ENGI.BR - news) are studying a possible share swap that could create a Franco-German giant in power grids, renewables and energy services with a market value of about 50 billion euros ($55.8 billion). Options being looked at could involve RWE swapping part or all of its majority stake in renewables and grids firm Innogy in exchange for a minority stake in Engie, four investment banking sources said.
FRANKFURT/PARIS, May 19 (Reuters) - Germany's RWE (IOB: 0FUZ.IL - news) and France's Engie (LSE: 0LD0.L - news) are studying with their investment banks alliance options, one of which would involve RWE swapping part or all of its majority stake in renewables and grids firm Innogy for a minority stake in Engie, four investment banking sources said. Bankers said the operation could only take the form of an asset swap, not a cash deal, but a certain cash component could be an option.
Innogy, Germany's largest energy group, lost another 200,000 customers in Britain and warned of further cost cuts at its Npower business, which is no longer expected to make a profit this year because of growing competition. The industry argues that competition is increasing and that a price cap could reverse that trend and choke off investment as well as further erode already low margins.
German energy group Innogy currently has no plans for additional job cuts at its troubled British retail unit Npower, where it has cut about half of the 2,400 jobs it has pledged to shed as part of an ...
Innogy, Germany's largest energy company, will keep a tight handle on costs when bidding for wind power projects, its CEO said, less than two weeks after smaller peer EnBW said it could build offshore parks without any state subsidies. Energy firms are fiercely competing for offshore wind tenders across Europe, bidding prices that some executives say are too low to make a profit for what is still the most expensive source of renewable energy.
European shares fell on Tuesday on uncertainty ahead of elections in the Netherlands and a U.S. interest rate decision later in the week. After four days of gains, the pan-European STOXX 600 index eased ...
German energy group Innogy proposed a dividend payout at the top of its target range, in a boon for struggling parent RWE (IOB: 0FUZ.IL - news) , even as it said it lost 300,000 customers in Britain and the Netherlands last year. Innogy, which is RWE's healthy renewables, networks and retail divisions and was listed last year, proposed a dividend of 1.60 euros per share on Monday, marginally above a Reuters poll forecast of 1.58 euros.
Innogy is in "intense" talks with a group of carmakers, Chief Executive Peter Terium told journalists on Monday, hoping to be selected as a supplier of super-fast charging stations for electric ...