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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead July 26 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 30-Jul-2024 NTS 1COV.DE Covestro AG Half Year 2024 Covestro AG Earnings Release 30-Jul-2024 BMO HEIG.DE Heidelberg Materials AG Half Year 2024 Heidelberg Materials AG Earnings Release 30-Jul-2024 04:30 AIR.PA Airbus SE Half Year 2024 Airbus SE Earnings Release 31-Jul-2024 AMC QGEN.N Qiagen NV Q2 20
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Czech train maker Skoda does not intend to take over Spain's Talgo

Czech train maker Skoda does not intend to take over Spain's Talgo July 26 (Reuters) - Czech train maker Skoda said it does not intend to file a counter bid to take over Spanish rival Talgo TLGO.MC though it seeks to combine the two companies' industrial activities, according to a letter disclosed by Talgo on Friday. "Our main objective is not to achieve control of Talgo.
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German truckmaker Traton posts profit rise on higher prices

REFILE-UPDATE 2-German truckmaker Traton posts profit rise on higher prices Adds missing full stop in final line By Louis van Boxel-Woolf and Eva Orsolya Papp July 26 (Reuters) - German truckmaker Traton 8TRA.DE , majority-owned by Volkswagen VOWG_p.DE , on Friday posted a 7% rise in first-half operating profit buoyed by higher prices, even as demand remained lacklustre in Europe.
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German truckmaker Traton's profit rises due to higher prices

German truckmaker Traton's profit rises due to higher prices By Louis van Boxel-Woolf and Eva Orsolya Papp July 26 (Reuters) - German truckmaker Traton 8TRA.DE on Friday posted a 7% rise in operating profit in the first half of 2024 compared to the same period last year driven by higher prices, even as demand remained lacklustre in Europe. Operating profit of 2.1 billion euros ($2.28 billion) was helped by sales revenue increasing 2% to reach 23.4 billion euros, even as unit sales fell 5% year-o
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CrowdStrike in cursed grip of corporate klutz club

RPT-BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, July 24 (Reuters Breakingviews) - Accidents happen all the time. Forgiveness, however, is granted less often. CrowdStrike CRWD.O , the cybersecurity software developer, marks the latest big company to gauge the willingness of investors to move past an unforeseen, value-destroying catastrophe.
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CrowdStrike in cursed grip of corporate klutz club

RPT-BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, July 24 (Reuters Breakingviews) - Accidents happen all the time. Forgiveness, however, is granted less often. CrowdStrike CRWD.O , the cybersecurity software developer, marks the latest big company to gauge the willingness of investors to move past an unforeseen, value-destroying catastrophe.
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GM co-leads $39 mln funding for EV battery materials startup Addionics

GM co-leads $39 mln funding for EV battery materials startup Addionics By Nick Carey LONDON, July 25 (Reuters) - Israeli battery technology company Addionics has raised $39 million from investors including General Motors' GM.N venture capital arm to help commercialise its copper and aluminium electrodes for electric vehicle batteries, it said on Thursday.
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Lazard swings to profit on investment banking rebound, beats estimates

UPDATE 3-Lazard swings to profit on investment banking rebound, beats estimates Lazard CEO says dealmaking environment is constructive Bank's adjusted revenue hits record $855 mln in first half Lazard eyes acquisitions to expand asset management business Updates with record revenue in paragraph 3, CEO comments, analyst estimates in paragraph 11. By Manya Saini and Lananh Nguyen July 25 (Reuters) - Lazard LAZ.N swung to a profit in the second quarter, exceeding analysts' expectations as dealmakin
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Motor racing-Ocon to race for Haas next season, first winner to join team

Motor racing-Ocon to race for Haas next season, first winner to join team SPA-FRANCORCHAMPS, Belgium, July 25 (Reuters) - French driver Esteban Ocon will become the first Formula One grand prix winner to race for Haas after signing a multi-year contract starting next season, the U.S.-owned team said on Thursday. Ocon will partner British rookie and Ferrari reserve Oliver Bearman in an all-new lineup and joins from Renault-owned Alpine, who had already announced the 27-year-old's departure.
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U.S. new light vehicle sales to rise about 1% in July, report says

U.S. new light vehicle sales to rise about 1% in July, report says July 24 (Reuters) - U.S. new light vehicle sales are expected to rise about 1% from a year earlier, after a crucial dealer software outage last month likely deferred sales to July, automotive data provider S&P Global Mobility said on Wednesday. WHY IT'S IMPORTANT Car industry technology provider CDK was hit by a cyber attack last month , forcing the retail technology provider to shut down a critical software system used at more t
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Porsche looks stuck in rival Ferrari’s slipstream

BREAKINGVIEWS-Porsche looks stuck in rival Ferrari’s slipstream The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Neil Unmack LONDON, July 24 (Reuters Breakingviews) - Porsche’s P911_p.DE shares have performed poorly since a 2022 listing, and rival Ferrari RACE.MI has left the 64 billion euro German group in the dust.
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CrowdStrike in cursed grip of corporate klutz club

BREAKINGVIEWS-CrowdStrike in cursed grip of corporate klutz club The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, July 24 (Reuters Breakingviews) - Accidents happen all the time. Forgiveness, however, is granted less often. CrowdStrike CRWD.O , the cybersecurity software developer, marks the latest big company to gauge the willingness of investors to move past an unforeseen, value-destroying catastrophe.
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Porsche CFO: Any investment in battery maker Varta would be 'very limited'

Porsche CFO: Any investment in battery maker Varta would be 'very limited' July 24 (Reuters) - Porsche P911_p.DE CFO Lutz Meschke said on Wednesday that any additional investment in Varta AG VAR1.DE would be very limited, after reports earlier this week that it could take a stake in the German battery maker's V4Drive business. "It will not create a huge burden for Porsche," Meschke said on a call with journalists after the carmaker's second quarter results.
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Forvia trims outlook on low auto demand, eyes deals with Chinese carmakers

UPDATE 1-Forvia trims outlook on low auto demand, eyes deals with Chinese carmakers Forvia lowers sales, margin forecasts on sluggish auto demand Flags 47 mln euro hit from supplier dispute in Mexico Seeks deals with Chinese carmakers setting up in Europe Adds details on supplier dispute paragraphs 1,4, potential deals with Chinese carmakers in paragraphs 6-8, background paragraph 9 By Nathan Vifflin July 24 (Reuters) - Forvia FRVIA.PA , the world's seventh largest car parts supplier by revenue,
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Porsche hit harder by supply chain shortage due to low-volume, high-spec lineup, says CEO

Porsche hit harder by supply chain shortage due to low-volume, high-spec lineup, says CEO July 24 (Reuters) - Porsche's P911_p.DE CEO said on Wednesday the carmaker was more vulnerable to the recent aluminium supply shortage because of its high percentage of pre-ordered cars, low volumes and detailed car specifications. "We have a high percentage of very exclusive cars which are not built to stock, which makes it more difficult to switch units," Blume said.
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Aston Martin's Q2 profit beats market view on special model sales

UPDATE 4-Aston Martin's Q2 profit beats market view on special model sales Carmaker's shares about 10% higher in afternoon trade Company reiterates 2024 guidance, medium-term targets Updates share move in paragraph 2, adds CFO comments in paragraphs 9-10 July 24 (Reuters) - British luxury carmaker Aston Martin AML.L reported second-quarter profit above market expectations on Wednesday, powered by stronger sales to dealers of some exclusive models, as it reiterated guidance for hefty profit growt
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Porsche bids to restore output, tackle supply chain risks in second half

UPDATE 5-Porsche bids to restore output, tackle supply chain risks in second half Investors welcome Q2 results, concerned by supply chain problems Porsche cut outlook on Tuesday on supply chain shortage Q2 results largely meet analyst expectations Model launches, weak sales in China dampen revenue Adds comments from investor call throughout By Victoria Waldersee BERLIN, July 24 (Reuters) - Porsche P911_p.DE said on Wednesday it was fighting to restore production volumes and re-prioritise spendin
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Porsche profits drop after months of lower sales, supply chain issues

Porsche profits drop after months of lower sales, supply chain issues BERLIN, July 24 (Reuters) - Porsche's P911_p.DE operating profit dropped 20.5% in the first half to 3.06 billion euros ($3.32 billion), it said on Wednesday, after months plagued by problems ranging from supply chain issues to a sales slump in China. The carmaker had on Tuesday cut its sales and returns forecast after shortages at a European aluminium supplier forced it to cut its projection for deliveries this year by between
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Forvia trims 2024 outlook on lower auto demand, extra costs in North America

Forvia trims 2024 outlook on lower auto demand, extra costs in North America July 24 (Reuters) - European car parts supplier Forvia FRVIA.PA lowered its sales and margin forecasts on Wednesday due to sluggish global auto demand and additional one-off costs in its North American car interior business. Forvia expects its sales to be at the lower end of its guidance of between 27.5 billion and 28.5 billion euros ($29.8 billion and $30.9 billion) this year.
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Miners, energy shares drag FTSE 100 lower

UPDATE 1-Miners, energy shares drag FTSE 100 lower FTSE 100 down 0.4%, FTSE 250 off 0.2% Copper miners hit over three-month low Compass Group raises profit and revenue forecasts; shares gain Updated at 1550 GMT By Purvi Agarwal and Roshan Abraham July 23 (Reuters) - Britain's FTSE 100 closed lower on Tuesday, pressured by commodity-linked stocks which tracked declines in prices of oil and copper, while positive earning updates from companies helped offset declines.
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