United States

Christoph Steitz

Elliott's raised stake in Uniper to pave way for Fortum deal: sources

Nov 15 2018

FRANKFURT Activist fund Elliott's raised stake in Uniper could pave the way for a new takeover attempt by Finland's Fortum , which is already the German energy group's largest shareholder, according to people close to the matter.

E.ON shares hit seven-week high on solid nine-month results

Nov 14 2018

FRANKFURT German energy group E.ON on Wednesday said it would reach the upper half of its 2018 profit outlook, sending its shares to a 7-week high as cost cuts and higher earnings at its renewables unit boosted profits.

Innogy cuts renewables, retail outlooks ahead of breakup

Nov 13 2018

FRANKFURT Germany's Innogy lowered profit forecasts for its renewables and retail operations on Tuesday, businesses which will be owned by RWE and E.ON following a planned breakup of the energy provider.

UPDATE 2-Innogy cuts renewables, retail outlooks ahead of breakup

Nov 13 2018

* Confirms group adjusted EBIT outlook (Recasts, adds CFO comments, context)

Thyssens schwacher Aktienkurs heizt Übernahmephantasie an

Nov 12 2018

Frankfurt/Düsseldorf Der Aktienkurs von Thyssenkrupp kennt seit Monaten nur eine Richtung: nach unten.

Profit warning exposes takeover risk for Thyssenkrupp

Nov 09 2018

FRANKFURT A fresh hit to Thyssenkrupp shares has driven down the group's enterprise value, raising the chances of a full takeover bid, two people familiar with the matter said, a move that could derail a plan to split the group in two.

Latest profit warning challenges Thyssenkrupp spin-off logic

Nov 09 2018

FRANKFURT/DUESSELDORF Thyssenkrupp shares fell to a two-year low on Friday after the German conglomerate cut its profit forecast for the second time this year, raising doubts over a planned deal to split the steel-to-elevators group in two.

Thyssenkrupp schon wieder auf der Intensivstation

Nov 09 2018

Düsseldorf/Frankfurt Thyssenkrupp kommt auch unter dem neuen Chef nicht auf die Beine: Zu schleppenden Geschäften mit Anlagen, Autoteilen und Aufzügen gesellt sich nun auch noch eine drohende Kartellstrafe in der Stahlsparte.

HeidelbergCement tightens purse strings as energy costs rise

Nov 08 2018

FRANKFURT HeidelbergCement on Thursday announced plans to cut costs and investments to protect profit margins and also flagged a recovery in the North American market, where tough conditions forced the group to cut its outlook last month.

UPDATE 2-Broadcaster ProSieben cuts payout ratio, flags large one-offs

Nov 08 2018

* Shares drop to lowest in more than 6 years (Adds presentation, CEO comments)

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