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Continental


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Continental turns to arms maker Rheinmetall to help workers find new jobs

Continental turns to arms maker Rheinmetall to help workers find new jobs BERLIN, June 14 (Reuters) - German autos supplier Continental CONG.DE is working with Rheinmetall RHMG.DE to offer job opportunities for Continental workers at the arms maker, a sign of rising labour demand in defence even as other industries wind down personnel. The agreement will allow up to 100 employees from Continental's Gifhorn plant in Germany, which is closing due to rising costs, to find new jobs at Rheinmetall, t
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European carmakers slip on worries over China response to EU tariffs

BUZZ-European carmakers slip on worries over China response to EU tariffs ** Shares in some European automakers slip again on Thursday on fears of Chinese retaliation after the European Commission's announced tariffs on imported Chinese electric vehicles (EV) ** The pan-European STOXX automobiles & parts index .SXAP falls 2%, leading sectoral losse
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Top of the Street: Fresenius, Freenet, European tyremakers

BUZZ-Top of the Street: Fresenius, Freenet, European tyremakers A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** UBS upgrades mobile retailer and service provider Freenet FNTGn.DE to "buy" from "hold", saying it benefits from competitive tensions in the German mobile market that have pushed operators to give it longer term deals ** HSBC raises German healthcare group Fresenius FREG.DE to "buy" from "hold" and increases its TP by 23% to 38 euros INITIATION
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Allianz, Carnival, Future

EUROPE RESEARCH ROUNDUP-Allianz, Carnival, Future June 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Allianz, Carnival and Future, on Tuesday. HIGHLIGHTS * Allianz SE ALVG.DE : Citigroup cuts to neutral from buy * Carnival CCL.L : Peel Hunt raises to buy from add * Future Plc FUTR.L : Berenberg raises to buy from hold * Liontrust Asset Management Plc LIO.L : Deutsche Bank cuts to sell from hold * Nibe NIBEB.ST : Barclays cuts t
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Bernstein starts covering tyre makers, likes sector's pricing power

BUZZ-Bernstein starts covering tyre makers, likes sector's pricing power ** Bernstein starts coverage of tyre makers, saying the sector is highly attractive due to high and expanding margins, pricing power, and opportunities from sustainability, particularly for the big players ** "This industry has genuine ability to price ahead of inflation, and
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Arkema, Fuller Smith & Turner, Siemens Energy

EUROPE RESEARCH ROUNDUP- Arkema, Fuller Smith & Turner, Siemens Energy May 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Arkema, Fuller Smith & Turner and Siemens Energy, on Thursday. HIGHLIGHTS * Arkema SA AKE.PA : HSBC raises target price to EUR 117 from EUR 107 * Bytes Technology Group Plc BYIT.L : Deutsche Bank initiates coverage with buy rating * Fuller Smith & Turner Plc FSTA.L : Deutsche Bank initiates coverage with buy
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Continental: Q1 Net Result -53 Million EUR, Adjusted Free Cash Flow -1.1 Billion EUR

BRIEF-Continental: Q1 Net Result -53 Million EUR, Adjusted Free Cash Flow -1.1 Billion EUR May 8 (Reuters) - Continental AG CONG.DE : CONTINENTAL: Q1 NET RESULT -53 MILLION EUR, ADJUSTED FREE CASH FLOW -1.1 BILLION EUR CONTINENTAL: Q1 AUTOMOTIVE MARGIN -4.1%, TIRES +11.7%, CONTITECH +5.4% Source text for Eikon: [ID:] Further company coverage: CONG.
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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead May 3 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 07-May-2024 NTS IFXGn.DE Infineon Technologies AG Q2 2024 Infineon Technologies AG Earnings Release 07-May-2024 NTS SHLG.DE Siemens Healthineers AG Q2 2024 Siemens Healthineers AG Earnings Release 07-May-2024 05:00 DHLn.DE Deutsche Post AG Q1 2024 Deutsche Post AG Earnings Release 07-May-2024 05:00 ZA
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Continental hit with $107 mln fine over Dieselgate scandal

UPDATE 1-Continental hit with $107 mln fine over Dieselgate scandal Updates throughout with prosecutor's statement, adds background on emissions scandal BERLIN, April 25 (Reuters) - Automotive supplier Continental CONG.DE has been fined 100 million euros ($107.16 million) for breaching its supervisory duties in connection with the Dieselgate emissions scandal, German prosecutors said on Thursday .
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Continental hit with 100 mln eur fine over emissions scandal, WiWo reports

Continental hit with 100 mln eur fine over emissions scandal, WiWo reports BERLIN, April 25 (Reuters) - German prosecutors have imposed a 100 million euro ($107.16 million) fine against automotive supplier Continental CONG.DE in the wake of the emissions scandal, business publication WirtschaftsWoche reported on Thursday. ($1 = 0.9332 euros) Report
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Bosch flags further cost cuts after giving 'subdued' outlook for 2024

UPDATE 1-Bosch flags further cost cuts after giving 'subdued' outlook for 2024 Adds comments on M&A, China, India in 5-8 paragraphs FRANKFURT, April 18 (Reuters) - Bosch ROBG.UL , the world's largest automotive supplier, on Thursday warned of further cost cuts and staff reductions, forecasting stagnating vehicle production that will keep a lid on profit margins in 2024. "For 2024, we aren't expecting any economic tailwind," Chief Financial Officer Markus Forschner said at the group's annual pres
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Bosch flags further cost cuts after giving 'subdued' outlook for 2024

Bosch flags further cost cuts after giving 'subdued' outlook for 2024 FRANKFURT, April 18 (Reuters) - Bosch ROBG.UL , the world's largest automotive supplier, on Thursday warned of further cost cuts and staff reductions, forecasting stagnating vehicle production that will keep a lid on profit margins in 2024. "For 2024, we aren't expecting any economic tailwind," Chief Financial Officer Markus Forschner said at the group's annual press conference.
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Continental slumps after Q1 misses low expectations

BUZZ-Continental slumps after Q1 misses low expectations ** Continental CONG.DE shares fall 4.7% in early Frankfurt trade after the German automotive supplier published Q1 revenue and profit margin below expectations ** "Expectations were low, but not this low," Jefferies says ** "A slow start of the year," J.P Morgan ("overweight") echoes ** Q1 sa
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Continental first-quarter sales and profit margin below market expectations

UPDATE 1-Continental first-quarter sales and profit margin below market expectations Q1 sales 9.8 bln eur vs 10 bln analyst consensus Q1 adj EBIT margin 2% vs 3.7% consensus Frankfurt-listed shares -5% Adds details on results, shares in paragraphs 4-6 FRANKFURT, April 16 (Reuters) - German automotive supplier Continental's CONG.DE revenue and profit margin were lower than market expectations during the first quarter, it said on Tuesday, citing labour costs and continuing price negotiations with
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Continental first-quarter sales and profit margin below market expectations

Continental first-quarter sales and profit margin below market expectations April 16 (Reuters) - German automotive supplier Continental's CONG.DE revenue and profit margin were lower than market expectations during the first quarter, it said on Tuesday, citing labour costs and continuing price negotiations with customers. In an unscheduled statement, Continental said first-quarter sales amounted to 9.8 billion euros ($10.41 billion), below an analyst consensus of 10 billion euros, with an adjust
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Continental Confirms Guidance For Fiscal Year 2024

BRIEF-Continental Confirms Guidance For Fiscal Year 2024 April 16 (Reuters) - CONTINENTAL AG CONG.DE : Q1 CONSOLIDATED SALES AMOUNTED TO AROUND EUR 9.8 BILLION (CONSENSUS* EUR 10.0 BILLION) Q1 ADJUSTED EBIT MARGIN IS EXPECTED TO BE AROUND 2.0% (CONSENSUS 3.7%) Q1 ADJUSTED FREE CASH FLOW FOR CONTINENTAL GROUP IS EXPECTED TO BE AROUND -EUR 1.1 BILLIO
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Aston Martin, Puma, Societe Generale

EUROPE RESEARCH ROUNDUP-Aston Martin, Puma, Societe Generale April 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Aston Martin, Puma and Societe Generale, on Monday. HIGHLIGHTS * Aston Martin AML.L : JP Morgan cuts target price to 260p from 323p * Danske Bank DANSKE.CO : HSBC raises target price to DKK 238 from DKK 229 * Novo Nordisk NOVOb.CO : Morgan Stanley raises target price to DKK 990 from DKK 930 * Puma SE PUMG.DE : JP Mo
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Azelis, Drax Group, Rentokil Initial

EUROPE RESEARCH ROUNDUP-Azelis, Drax Group, Rentokil Initial April 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Azelis, Drax Group and Rentokil Initial on Monday. HIGHLIGHTS * Azelis AZE.BR : JP Morgan raises target price to EUR 27 from EUR 25.5 * Drax Group Plc DRX.L : HSBC raises target price to 500p from 470p * Rentokil Initial RTO.L : HSBC cuts target price to 480p from 495p * Volvo AB VOLVb.ST : Jefferies raises to buy fr
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Continental Buys Mold Manufacturing Specialist EMT

BRIEF-Continental Buys Mold Manufacturing Specialist EMT April 8 (Reuters) - CONTINENTAL AG CONG.DE : BUYS SPECIALISTS IN MOLD MAKING FOR COMMERCIAL VEHICLE AND SPECIAL TIRES EMT HAS BEEN PART OF CONTINENTAL'S TIRE BUSINESS SINCE APRIL 2, 2024 Further company coverage: CONG.DE (Gdansk Newsroom)
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Continental: Have Acquired Mould Making Specialist EMT

BRIEF-Continental: Have Acquired Mould Making Specialist EMT April 8 (Reuters) - Continental AG CONG.DE : HAS ACQUIRED MOULD MAKING SPECIALIST EMT SRO, BASED IN SLOVAKIA PARTIES AGREED NOT TO DISCLOSE FURTHER DETAILS OF AGREEMENT Source text for Eikon: [ID:] Further company coverage: CONG.DE
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