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Reuters - 6 dagen geleden

Steelmaker SSAB flags possible staff cuts in Finland as demand falls

UPDATE 2-Steelmaker SSAB flags possible staff cuts in Finland as demand falls Adds detail in paragraph 2, background in paragraphs 5 and 6, share reaction in paragraph 7 STOCKHOLM, Sept 25 (Reuters) - Swedish steel maker SSAB SSABb.ST will launch talks with trade unions to adjust its workforce further in Finland due to continued weak demand, it said on Monday.
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Reuters - 6 dagen geleden

SSAB flags staff cuts in Finland due to weak demand

SSAB flags staff cuts in Finland due to weak demand STOCKHOLM, Sept 25 (Reuters) - Swedish steel maker SSAB SSABb.ST will initiate talks with trade unions to adjust its workforce in Finland due to continued weak demand, it said in a statement on Monday. Reporting by Anna Ringstrom, editing by Terje Solsvik
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Reuters - 6 dagen geleden

SSAB Europe To Initiate Change Negotiations In Raahe

BRIEF-SSAB Europe To Initiate Change Negotiations In Raahe Sept 25 (Reuters) - SSAB AB SSABa.ST : SSAB EUROPE TO INITIATE CHANGE NEGOTIATIONS IN RAAHE TO INITIATE CHANGE NEGOTIATIONS IN RAAHE BECAUSE OF CONTINUED WEAK DEMAND. TARGET IS TO STRUCTURALLY REDUCE FIXED COSTS BY AT LEAST EUR 10 MILLION ON AN ANNUAL BASIS. NEGOTIATIONS WILL LAST AN ESTIMATED SIX WEEKS UNLESS OTHERWISE AGREED CHANGE NEGOTIATIONS CONCERN RAAHE WORKS' ORGANIZATION AND AFFECT AROUND 2,400 EMPLOYEES.
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Reuters - 4 weken geleden

SSAB, Roofing Company Vesivek Start Cooperation

BRIEF-SSAB, Roofing Company Vesivek Start Cooperation Sept 1 (Reuters) - SSAB AB SSABa.ST : SSAB AND VESIVEK AGREE TO SUPPLY FOSSIL-FREE STEEL SSAB AND ROOFING COMPANY VESIVEK START COOPERATION TO BRING FOSSIL-FREE STEEL IN VESIVEK'S ROOFING PRODUCTS IN 2026 Source text for Eikon: ID:nWkr2q5ZZG Further company coverage: [SSABa.ST] (Gdansk Newsroom)
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Reuters - 4 weken geleden

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Fiskars, Wilko Sept 13 (Reuters) - The highest inflation for decades and the fallout from war in Ukraine have forced companies across Europe into layoffs or hiring freezes. Here are some of the companies that have announced cuts since April: AUTOS * AUTOLIV ALIVsdb.ST : the Swedish airbag and seatbelt maker said on June 8 it plans to cut around 8,000 jobs.
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Reuters - 1 maand geleden

Air Liquide, Galapagos NV, Pennon Group

EUROPE RESEARCH ROUNDUP-Air Liquide, Galapagos NV, Pennon Group Aug 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air Liquide, Galapagos NV, and Pennon Group, on Thursday. HIGHLIGHTS * Air Liquide AIRP.PA : Berenberg raises to buy from hold * Galapagos NV GLPG.AS : Citigroup cuts to neutral from buy * Kingfisher Plc KGF.L : UBS raises target price to 225p from 220p * Pennon Group Plc PNN.L : Credit Suisse raises to outperform
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Reuters - 2 maanden geleden

SSAB: Unit Tibnor Plans To Adjust Cost Structure

BRIEF-SSAB: Unit Tibnor Plans To Adjust Cost Structure Aug 15 (Reuters) - SSAB AB SSABa.ST : TIBNOR PLANS TO ADJUST COST STRUCTURE SSAB'S SUBSIDIARY TIBNOR PLANS TO ADJUST OPERATIONS DUE TO LOWER DEMAND AND PROFITABILITY PLAN IS TO IMPLEMENT MEASURES IN FALL OF 2023, AND THIS MAY RESULT IN STAFF REDUCTION OF APPROXIMATELY 175 POSITIONS MEASURES AIM
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Reuters - 2 maanden geleden

Steelmaker SSAB to furlough workers in Finland

UPDATE 1-Steelmaker SSAB to furlough workers in Finland Adds detail on layoffs, background COPENHAGEN, Aug 11 (Reuters) - Swedish steelmaker SSAB SSABa.ST will furlough workers at two plants in Finland due to weak demand in the construction sector, the company said in a statement on Friday. Negotiations with labour unions covered about 800 employees at SSAB's plants in Hameenlinna and Kankaanpaa in southern Finland, it added.
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Reuters - 2 maanden geleden

Steelmaker SSAB to furlough workers in Finland

Steelmaker SSAB to furlough workers in Finland COPENHAGEN, Aug 11 (Reuters) - Swedish steelmaker SSAB SSABa.ST will furlough workers at two plants in Finland due to weak demand in the construction sector, the company said in a statement on Friday. Negotiations with labour unions covered about 800 employees at SSAB's plants in Hameenlinna and Kankaanpaa in southern Finland, it added.
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Reuters - 2 maanden geleden

Chinese imports-exports data weighs on European basic resources stocks

BUZZ-Chinese imports-exports data weighs on European basic resources stocks ** STOXX basic resources index .SXPP falls 1.5%, the second biggest faller among STOXX 600 .STOXX , as China's imports and exports data fell more than expected in July, pointing to slower trade activity ** Chinese exports contract 14.5% in July year-on-year, a steeper than
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Reuters - 2 maanden geleden

Outokumpu eyes US expansion in view of weakening European market

UPDATE 3-Outokumpu eyes US expansion in view of weakening European market Considers building its own rolling mill in U.S. Sees U.S. market as attractive thanks to IRA Expects Q3 stainless steel deliveries to drop 5-15% European market environment to remain weak Adds CFO comments in paragraphs 3-6, updates shares By Jagoda Darlak Aug 3 (Reuters) - Finnish stainless steel maker Outokumpu OUT1V.HE is looking to expand in the United States and could build a hot rolling mill there, it said on Thursda
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Reuters - 2 maanden geleden

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds AB InBev and Marshalls; shortens to include news since April Aug 2 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts since April: AUTOS * AUTOLIV ALIVsdb.ST : the Swedish airbag and seatbelt maker said on June 8 it plans to cut around 8,000 jobs.
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Reuters - 2 maanden geleden

Steelmaker Acerinox's net profit falls on lower steel demand, shares drop

UPDATE 2-Steelmaker Acerinox's net profit falls on lower steel demand, shares drop Adds EBITDA in paragraph 2, share moves in para 4, details on US performance and analyst quote in paras 9-10 By Matteo Allievi and Natalia Siniawski July 26 (Reuters) - Spanish steelmaker Acerinox ACX.MC said on Wednesday its net profit in the second quarter of the year shrank 59% compared with the same period in 2022 to 142 million euros ($157.12 million) as demand for steel fell.
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Reuters - 2 maanden geleden

Spotify’s awkward three-way dance leads to slip-up

BREAKINGVIEWS-Spotify’s awkward three-way dance leads to slip-up The author is a Reuters Breakingviews columnist. The opinions expressed are their own. LONDON, July 25 (Reuters Breakingviews) - Spotify SPOT.N is caught between the expectations of investors and major music labels. The $27 billion Swedish music-streaming company on Tuesday unveiled its earnings for the three months to June 30. The good news is that its adjusted operating loss of 112 million euros ($124 million) was less than in
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Reuters - 2 maanden geleden

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds UPM, Viaplay and Virgin Media July 25 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts since January: AUTOS * AUTOLIV ALIVsdb.ST : the Swedish airbag and seatbelt maker said on June 8 it plans to cut around 8,000 jobs, which equates to about 11% of direct and indirect positions at the company.
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Reuters - 2 maanden geleden

Thales cyber push meets investor shoulder shrug

BREAKINGVIEWS-Thales cyber push meets investor shoulder shrug The author is a Reuters Breakingviews columnist. The opinions expressed are their own. LONDON, July 25 (Reuters Breakingviews) - France's Thales TCFP.PA is doubling down on cybersecurity with its $3.6 billion purchase of U.S. firm Imperva. The $30-billion aerospace and defence group has been on a shopping spree over the past two years, seeking to transform itself into a powerhouse that oversees data protection and digital-identity man
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Reuters - 2 maanden geleden

Chevron’s restraint paying off

BREAKINGVIEWS-Chevron’s restraint paying off The author is a Reuters Breakingviews columnist. The opinions expressed are their own. NEW YORK, July 24 (Reuters Breakingviews) - Chevron’s CVX.N second-quarter profit was cut nearly in half as production rose slightly, according to a surprise early release of the oil giant’s earnings on Sunday night.
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Reuters - 2 maanden geleden

Office landlord offers glimpse of what’s to come

BREAKINGVIEWS-Office landlord offers glimpse of what’s to come The author is a Reuters Breakingviews columnist. The opinions expressed are their own. NEW YORK, July 24 (Reuters Breakingviews) - Piedmont Office Realty Trust PDM.N is sifting through the rubble. The $910 million owner of high-quality office buildings in Boston, Dallas and beyond just borrowed at 9.25%, more than twice the interest rate it’s replacing.
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Reuters - 2 maanden geleden

Adidas, Carnival, Siemens

EUROPE RESEARCH ROUNDUP-Adidas, Carnival, Siemens July 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Carnival and Siemens, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : JP Morgan raises target price to EUR 195 from EUR 185 * Carnival CCL.L : Peel Hunt raises target price to 1,400p from 840p * Entain ENT.L : Peel Hunt cuts target price to 1,700p from 1,900p * Siemens AG SIEGn.DE : HSBC raises target price to EUR 105 from
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Reuters - 2 maanden geleden

El Nino may bring market storms

LIVE MARKETS-El Nino may bring market storms STOXX 600 steady as drop in tech offsets gains in autos Light data calendar keeps focus on earnings U.S. stock futures turn positive 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 EL NINO MAY BRING MARKET STORMS (1130 GMT) "Weather rarely has a material impact on overall markets," Jeffrey Kleintop, chief global investment strategist a
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