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Earnings help European indexes

LIVE MARKETS-Earnings help European indexes Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . EARNINGS HELP EUROPEAN INDEXES Better-than-expected company results are helping European indices find their footing on Friday having taken a bruising in this week's global stocks sell-off, with even the embattled luxury sector catching a break.
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BASF drops on Q2 earnings miss

BUZZ-BASF drops on Q2 earnings miss ** BASF BASFn.DE shares fall 3.2 % after the chemicals giant's Q2 adj. EBITDA slightly missed analysts expectations ** J.P. Morgan says the results were overall softer than expected, points to adj. EBITDA miss driven by the agricultural chemicals division in particular ** "Today's results underpinned our view on
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Busy busy

LIVE MARKETS-Busy busy Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com . BUSY BUSY U.S. PCE inflation data has snuck up on investors a bit this week - they've had plenty else to think about - and that should drive the daily picture for markets from early afternoon in Europe.
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Wacker Chemie sees 2024 core profit in upper guidance range as orders pick up

UPDATE 2-Wacker Chemie sees 2024 core profit in upper guidance range as orders pick up Sees 2024 EBITDA between 700 mln and 800 mln euros Lower Q2 total sales dragged by weaker polysilicon business Q2 EBITDA above analyst estimates of 160.1 mln euros Adds CEO quote, analyst quote, share movement, details on polysilicon division, peer performance By Antonis Pothitos and Matteo Allievi July 26 (Reuters) - German chemical company Wacker Chemie WCHG.DE expects full-year core profit in the upper half
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BASF pauses battery recycling project in Spain on slower EV uptake

BASF pauses battery recycling project in Spain on slower EV uptake FRANKFURT, July 26 (Reuters) - German chemicals giant BASF BASFn.DE said it was putting plans to build a large battery recycling site in Tarragona, Spain, on hold because of the slowdown in adoption of electric vehicles. "The market penetration of electric vehicles has slowed down significantly outside of China," CEO Markus Kamieth said in a speech prepared for analysts that was posted on the company's website.
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BASF hopes pricing power will boost profit growth later in the year

UPDATE 3-BASF hopes pricing power will boost profit growth later in the year Adds CEO comment in paragraphs 2-4, shares in paragraph 6 By Ludwig Burger FRANKFURT, July 26 (Reuters) - BASF BASFn.DE is banking on regaining pricing power to speed up earnings growth in the second half after the German chemicals group's adjusted profit edged 0.6% higher in the second quarter, with China playing a key role.
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BASF's Q2 adjusted profit up 0.6% on higher sales volumes

BASF's Q2 adjusted profit up 0.6% on higher sales volumes FRANKFURT, July 26 (Reuters) - Germany's BASF BASFn.DE eked out a 0.6% gain in adjusted earnings during the second quarter, as slightly higher sales volumes made up for lower chemical prices. In a statement on Friday, the group said second-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, rose to 1.96 billion euros ($2.13 billion), slightly less than the average analyst estimate of 2.0
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TotalEnergies Texas refinery returns to normal operation, sources say

UPDATE 1-TotalEnergies Texas refinery returns to normal operation, sources say Adds company no comment, details on restart in paragraphs 3-5 HOUSTON, July 22 (Reuters) - TotalEnergies' TTEF.PA 238,000 barrel-per-day (bpd) Port Arthur, Texas refinery returned to normal operation over the weekend, people familiar with plant operations said on Monday.
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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead July 19 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 22-Jul-2024 20:05 SAPG.DE SAP SE Q2 2024 SAP SE Earnings Release 24-Jul-2024 AMC DB1Gn.DE Deutsche Boerse AG Q2 2024 Deutsche Boerse AG Earnings Release 24-Jul-2024 NTS DBKGn.DE Deutsche Bank AG Q2 2024 Deutsche Bank AG Earnings Release 24-Jul-2024 NTS P911_p.DE Dr Ing hc F Porsche AG Half Year 202
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BASF Receives Subsidy For Battery Recycling Plant In Schwarzheide

BRIEF-BASF Receives Subsidy For Battery Recycling Plant In Schwarzheide July 16 (Reuters) - BASF SE BASFn.DE : RECEIVES SUBSIDY FOR BATTERY RECYCLING PLANT IN SCHWARZHEIDE 4.95 MILLION EUROS FROM BRANDENBURG Further company coverage: [BASFn.DE] (Gdansk Newsroom)
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India's Styrenix hits record high on surge in Q1 profit

BUZZ-India's Styrenix hits record high on surge in Q1 profit ** Shares of Styrenix Performance Materials STYE.NS rise as much as 15.4% to record high of 2731.20 rupees ** The plastic resin producer posts ~89% jump in Q1 profit, while rev from ops rose ~29% ** STYE on track for fourth straight session of gains ** Stock last up 12%, extending YTD gai
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Unilever July 15 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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Nearly a million homes, businesses in Texas still without power after Hurricane Beryl

UPDATE 2-Nearly a million homes, businesses in Texas still without power after Hurricane Beryl Updates power outage estimates in paragraph 1, 2, 3, adds comment from Entergy in paragraph 4, CenterPoint in paragraph 10, adds comment in paragraph 13, Dow's response in paragraph 17, port Freeport update in paragraph 22 By Arathy Somasekhar HOUSTON, July 12 (Reuters) - Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with
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Nearly a million in Texas still without power after Hurricane Beryl

Nearly a million in Texas still without power after Hurricane Beryl By Arathy Somasekhar HOUSTON, July 12 (Reuters) - About a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall, with fierce winds and rain that knocked down trees and electricity infrastructure. CenterPoint Energy CNP. , the largest power provider in Texas, said about 870,000 of its customers remained affected.
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About 1 million in Texas without power, Freeport LNG to restart after Beryl

UPDATE 3-About 1 million in Texas without power, Freeport LNG to restart after Beryl Updates power outage figures in paragraph 1-2, adds Formosa comment in paragraph 12, quote and details in paragraphs 19-25 By Arathy Somasekhar, Curtis Williams and Georgina McCartney HOUSTON/FREEPORT, July 11 (Reuters) - About 1 million homes and businesses in Texas remained without power on Thursday, four days after Hurricane Beryl lashed the state with fierce winds and flooding, sparking frustration among com
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BASF reviews battery chemical investment push amid EV dip

BASF reviews battery chemical investment push amid EV dip FRANKFURT, July 11 (Reuters) - German chemicals giant BASF BASFn.DE said it would review a major investment push to build a global manufacturing network for battery materials amid a downturn in the electric-vehicles segment, according to a news report. "Future investments will be subject to a critical review and a new assessment," a company spokesperson was quoted as saying by weekly magazine WirtschaftsWoche on Thursday.
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BASF to cease production of glufosinate-ammonium weed killer

UPDATE 2-BASF to cease production of glufosinate-ammonium weed killer Recasts first paragraph to add that BASF said it will cease production of the weed killer BERLIN, July 10 (Reuters) - BASF BASFn.DE plans to shut down production of the glufosinate-ammonium weed killer due to growing competition as well as high energy and raw materials costs, the German chemicals group said on Wednesday.
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds details on fresh job cuts July 9 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO
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VCI Steilemann: Foreign Investments In German Chemical Industry Are Welcomed - Conf Call

BRIEF-VCI Steilemann: Foreign Investments In German Chemical Industry Are Welcomed - Conf Call July 8 (Reuters) - VCI: VCI PRESIDENT STEILEMANN: FOREIGN INVESTMENTS IN GERMAN CHEMICAL INDUSTRY ARE VERY WELCOMED - CONFERENCE CALL Further company coverage: 1COV.DE (Gdansk Newsroom)
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Germany's VCI says chemical industry's half-year sales fall 1%, confirms outlook

Germany's VCI says chemical industry's half-year sales fall 1%, confirms outlook July 8 (Reuters) - Germany's chemical industry recorded sales of 112 billion euros ($121 billion) in the first half of 2024, down 1% from 114 billion euros last year, as the mood in the industry remains cautious, industry lobby VCI said on Monday. The chemicals sector, Germany's third-largest industry that employs roughly half a million workers, continues to struggle as customers are reluctant to place new orders am
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