Tag Archives: Industrials (TRBC)

German Stocks – Factors to consider on June 22 | Instant News


BERLIN / FRANKFURT, June 22 (Reuters) – Here are some factors that could move German stocks on Monday:

VIRUS CORONA

German reproduction rates jumped to 2.88, health authorities say, the rate of infection shows an increase above the level needed to withstand long-term illness.

Authorities in the Goettingen region of Germany and North Rhine Westphalia have asked the police to enforce quarantine measures following an increase in local corona virus infections and difficulty making people obey the rules of isolation.

The German economy has passed the worst crisis caused by a coronavirus outbreak and is now expected to recover gradually, Bundesbank President Jens Weidmann told Frankfurter Allgemeine Sonntagszeitung.

Germany reports 537 new cases of corona virus and three other deaths.

The World Health Organization reports a record increase in global coronavirus cases, with a total increase of 183,020 in a 24-hour period.

US futures erased losses and Asian stocks held flat, trying to allay fears that rising cases of the corona virus in the United States could hamper a rapid economic recovery from the massive drop triggered by the pandemic.

LUFTHANSA

The company will try to avoid grounding and bankruptcy, Chief Executive Carsten Spohr said, before the dispute between the airline’s largest shareholder and the German government over the 9 billion euro bailout requirement.

WIRECARD

The company said there is a possibility that the 1.9 billion euros ($ 2.1 billion) reported missing from his account did not exist from the start. It was also interesting the full year 2019 and the first quarter financial results of 2020.

The company has hired Houlihan Lokey to develop a new financing strategy after Moody’s cut the ranking of the Wirecard to rubbish.

DAIMLER

Daimler is doubling efforts to save money and plans to cut 20,000 jobs by 2025, Automobilwoche said, citing company sources.

VOLKSWAGEN

Chief Executive Herbert Diess told his manager that ripples from the Coronavirus crisis would be felt until at least 2022, Automobilwoche said, citing the company’s internal memos.

AUTOS

China is reclassifying gasoline-electric hybrid vehicles so that they get better treatment than all gasoline or diesel under new clean car rules, making it easier for car makers to meet environmental quotas and offer more choices.

SIEMENS

Joe Kaeser will remain Siemens CEO until early 2021, the Handelsblatt newspaper reported. He said Kaeser said: “The agreement is that the mandate ends when the Annual General Meeting ends in February. It will remain that way.” But he added: “(Deputy CEO) Roland Busch will de facto lead the company starting October 1. He will be responsible in charge of the new financial year. ” Kaeser also said that Siemens’s plan to use the acquisition of US oilfield equipment maker Dresser-Rand to drive the automation and digitization process in the oil and gas industry was unsuccessful.

EX-DIVIDEND

DEUTSCHE TELEKOM – dividend 0,60 eur / year

NEMETSCHEK – dividend 0,28 eur / shr

ZEAL NETWORK – 0,80 eur / shr dividend

OVERSEAS STOCK MARKETS

Dow Jones -0.8%, S&P 500 -0.6%, Nasdaq unchanged at the close.

Nikkei + 0.3%, Shanghai shares + 0.3%.

Time: 5:02 GMT

ECONOMY

* No major German economic data are scheduled

* Astrid Wallrabenstein, a judge who joined the German high court, told Frankfurter Sonntagszeitung that he hoped “things would move in the right direction”, after the court gave the ECB three months to justify buying bonds or losing Bundesbank as participants. ANALYSIS:

DIARY

REUTERS TOP NEWS (Reporting by Berlin, Frankfurt and Gdansk newsroom)

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Airbus extends leave in the UK, Spain in the latest effort to overcome the effects of COVID-19 | Instant News


FILE PHOTOS: The Airbus logo is depicted at the Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS / Regis Duvignau

(Reuters) – European plan maker Airbus SE (AIR.PA) said on Friday it was expanding its leave program for 5,300 employees in Spain and the UK in the latest effort to overcome the effects of the coronavirus outbreak.

“This will take effect from May 20 to September 30 and affects all Airbus Operations SL employees in Spain (with a few exceptions), which means around 3,100 employees,” an Airbus spokesman told Reuters in a statement by email.

“Airbus helicopters and Airbus DS employees in Spain are not affected,” the spokesman said.

In Britain, the leave period of around 2,200 Airbus workers will begin on July 20 and end on August 9, the statement said.

“In France, all employees of the commercial aircraft division are in some way affected,” the spokesman said. He added about 29,500 employees in France worked on average about 30% shorter weeks.

Sources told Reuters in May that the largest aerospace group in Europe was exploring a restructuring plan involving the possibility of cutting “in-depth” work as it prepared for a prolonged corona virus crisis after laying off thousands of workers.

The company has told senior staff that it must be “resized” in plans to be set around the end of June. The corona virus pandemic has caused a global airline crisis, with operators and suppliers asking for help.

Earlier this month, France launched what it described as a 15 billion euro ($ 16.76 billion) support package for the aerospace industry, saying a significant amount of work was at stake amid a decline in air travel demand due to the corona virus.

Total including 7 billion euros in aid has been announced for Air France (AIRF.PA) and acceleration of existing orders for Airbus tankers and other military equipment, the French government said.

Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler

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Brazil launches a green ties program for trains | Instant News


SAO PAULO, June 10 (Reuters) – The Brazilian government on Tuesday launched its first program in Latin America to fund infrastructure projects by selling what are called “green bonds”.

The three trains, which will have operating licenses auctioned, are expected to be certified as a sustainable project by the British Climate Bond Initiative (CBI), the Brazilian Ministry of Infrastructure said in a statement.

Trains, Fiol, Ferrogrão and Fico, will require 14.3 billion reais ($ 2.91 billion) in investment by their new private operators.

Global issuance of green bonds has reached $ 840 billion, Infrastructure Minister Tarcísio Gomes de Freitas said in a statement. Among the criteria the project must follow are low emissions and low use of fossil fuels.

$ 1 = 4.9090 reais
Reporting by Tatiana Bautzer; Editing by David Gregorio

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Italy – Factors to consider on June 2 | Instant News


The following factors can affect the Italian market on Tuesday.

Reuters has not yet verified newspaper reports, and cannot guarantee its accuracy. New items are marked with (*).

For a complete list of diary events in Italy, please click.

VIRUS CORONA

Deaths from the COVID-19 epidemic in Italy rose by 60 on Monday, against 75 the day before, the Civil Protection Agency said, while the daily number of new cases dropped to only 178 from 355 on Sunday.

DEBT

Italy recorded a deficit of the country’s sector budget of 25.5 billion euros ($ 28 billion) in May, up compared with 0.949 billion euros in the same month last year, the Ministry of Finance said Monday.

ASSICURAZIONI GENERALI, MEDIOBANCA

Billionaire optician Leonardo Del Vecchio has asked permission from the European Central Bank to double its ownership in Mediobanca, raising the prospect of major changes in the Italian financial world.

(*) Del Vecchio is unlikely to present his own candidate for the upcoming Mediobanca board renewal, while he can seek approval with CEO Alberto Nagel to have two representatives on the list presented by the Mediobanca board, Il Sole 24 Ore is reported.

(*) The Italian government does not plan to use the special powers it has to protect companies that are considered to have strategic interests for the country in relation to Mediobanca but, once Del Vecchio begins to increase its ownership, will demand an Italian identity from Mediobanca and Generali. and the quality of their top executives is guaranteed, Repubblica reported.

(*) Generali investor Francesco Gaetano Caltagirone could increase its ownership to 8-10% from the current 5.1% to be able to have a say in appointing a new insurance company board within two years, La Stampa reported.

CHRYSLER FIAT

New car registrations in Italy fell for the fifth consecutive month in May, down 49.61% from a year earlier, the transportation ministry said Monday. Reuters calculations show FCA sales fell 57%.

(*) ATLANTIA

Macquarie was interested in investing in Autostrade only together with the state lender CDP and as long as the Benetton family was a minority investor, la Repubblica reported adding that the agreement would be more complicated if a preliminary agreement was not reached by the end of June.

FARMAFACTORING BANCA

BFF Luxembourg has cut its stake in Banca Farmafactoring to 11.9% from 21.9% by selling 17 million shares of 5.2 euros each through accelerated bookbuilding procedures, raising € 88.4 million. BFF Lux, who was advised by Rothschild, agreed to a locking period of 60 days after the sale. Jefferies manages transactions.

(*) CATTOLICA ASSICURAZIONI

Issuing Tier1 bonds to raise capital, as considered by the council, in addition to the issue of new shares may become too expensive, Il Sole 24 Ore reported.

Cattolica must comply with IVASS steps to increase its solvency by mid-July, MF reported.

(*) ENI

The oil and gas group is almost completing its business reorganization into two major divisions with Chief Upstream Officer Alessandro Puliti in charge of the oil business, including upstream and middle activities, and CFO Massimo Mondazzi in charge of the remaining business, Il Sole 24 Ore reported.

(*) UNICREDIT

The bank’s board recently recruited head hunter Spencer Stuart when the governance committee began working on the renewal of the board of directors, MF reported.

SAFILO GROUP

The Italian eyewear manufacturer said Monday it had closed the acquisition of a 70% stake in California-based Blender Eyewear.

REPLY

Top shareholder Alika said on Monday it had completed the placement of a 5.35% stake in a digital services company through accelerated book-making procedures at a price of 72 euros per share.

JUVENTUS, LAZIO, AS ROMA

The Serie A team will face two matches a week for the rest of the season after the league restart after the termination of the new coronavirus, according to a list of fixtures published on Monday.

(*) ALITALIA

The EU Commission has rejected a proposal by interim administrator Alitalia Giuseppe Leogrande to lease to newly created airlines and aircraft carrier maintenance, saying that Alitalia needs to be sold and streamlined to have a new state-funded company, Il Sole 24 Ore reported sources citing.

After the closing market hours.

TENARIS

Annual general meeting (1300 GMT).

For Italian market data and news, click on the code in parentheses:

20 biggest profit (in percentage) …………

The 20 biggest losers (in percentage) ………….

FTSE IT allshare index

MTS FTSE Index ……..

Allstar FTSE Index …

FTSE Middle Cap Index.

Block trade ……….

A story about Italy …… IT-LEN

For pan-European market data and news, click the code in brackets: Quick Guide to European Equity ………………. FTSEurofirst 300 Index ………. ……………….. DJ STOXX index ……………………… ……….. Top 10 sectors of STOXX …………………………. Top 10 sectors of EUROSTOXX … ………………. Top 10 Eurofirst 300 sectors ………………. Top 25 European gainers .. ………………… 25 of the best European losers ………………….. Main stock market: Dow Jones …………… Wall Street Report ….. Nikkei 225 …………. Tokyo report … …….. FTSE 100 …………… London Report ……….. Xetra DAX ……… … The story of the Frankfurt CAC-40 market …………….. The story of the Paris market … World Index …………… ………………… Reuters survey of the prospects of the world market ……… West European IPO diary ……… ……………. European Asset Allocation …………………… Reuters News at a Glance: Equity. ………….. Main stream y la report: ………………………….

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FACTBOX-Companies in Australia, NZ raised more than $ 17 billion to overcome the coronavirus crisis | Instant News


    * Interactive graphic tracking global spread of the coronavirus: open tmsnrt.rs/3aIRuz7 in an
external browser
    * Interactive graphic showing a country-by-country tracker of the coronavirus: open tmsnrt.rs/2WZPuOh
 in an external browser
    * For a factbox detailing layoffs in corporate Australia and New Zealand, click here

 (Adds Vicinity Centres, Atlas Arteria; updates NAB)
    June 1 (Reuters) - The fallout from the coronavirus pandemic has sent companies scrambling to raise
capital to create a buffer to survive the crisis.
    Companies in Australia and New Zealand have largely turned to equity markets to boost liquidity and
calm worries among investors and creditors. Regulators in both countries have also eased rules to help
companies shore up capital.
    Here are some of the equity-and debt-raising initiatives, worth more than $17 billion, from listed
companies in Australia and New Zealand: 
        
  EQUITY:
                 COMPANY                    REUTERS              AMOUNT                    SECTOR
                                           INSTRUMENT        ($1 = A$1.4934)       
                                              CODE         ($1 = NZ$1.6300)        
                                                                                              
                AUSTRALIA                                                                     
 National Australia Bank Ltd                                 A$4.25 billion*             Financials
 Ramsay Health Care Ltd                                      A$1.4 billion*             Healthcare 
 Vicinity Centres                                            A$1.4 billion*                 REIT
 Oil Search                                                  A$1.16 billion         Oil and gas explorer
 Lendlease Group                                             A$1.15 billion*              Property
 Newcrest Mining                                             A$1.10 billion*               Mining
 Cochlear Ltd                                                A$1.1 billion               Healthcare
 QBE Insurance Group                                          $825 million               Insurance
 NextDC Ltd                                                  A$863 million          Data Centre operator
 Flight Centre Travel Group                                   A$700 million*               Travel
 Incitec Pivot Ltd                                           A$675 million*             Fertilisers 
 Reece Ltd                                                   A$647 million          Plumbing distributor
 Atlas Arteria                                               A$495 million*          Toll road operator
 Webjet Ltd                                                   A$346 million*               Travel
 National Storage REIT                                       A$330 million*            Storage centre
                                                                                         operator 
 Metcash Ltd                                                 A$330 million*         Grocery distributor
 G8 Education                                                 A$301 million*             Education
 Charter Hall Retail REIT                                    A$300 million*                 REIT
 IDP Education Ltd                                           A$240 million*              Education
 Southern Cross Media Group Ltd                              A$169 million                 Media
 oOh!media Ltd                                                A$167 million*            Advertising
 United Malt Group Ltd                                       A$165 million*                 Malt
 InvoCare Ltd                                                A$150 million            Funeral Services
 Centuria Industrial REIT                                    A$140 million*                 REIT
                                                                                            REIT
                                                                                              
             AUSTRALIA TOTAL                                  $12.60 billion                  
                                                                                              
               NEW ZEALAND                                                                    
 Auckland Airport                                            NZ$1.2 billion*               Travel
 Z Energy                                                    NZ$350 million*          Fuel Distributor
 Kathmandu Holdings Ltd                                       NZ$207 million*              Retail
                                                                                              
            NEW ZEALAND TOTAL                                $1.08 billion                    
                                                                                              
  TOTAL ACROSS AUSTRALIA AND NEW ZEALAND                     $13.68 billion                   
                                                                                              
    Notes:
    * Includes announced share purchase plan 
        
  DEBT:
                 COMPANY                    REUTERS              AMOUNT                    SECTOR
                                           INSTRUMENT        ($1 = A$1.5591)       
                                              CODE         ($1 = NZ$1.6300)        
                                                                                              
                AUSTRALIA                                                                     
 Qantas Airways                                              A$1.60 billion               Airline
 Crown Resorts                                               A$1.01 billion               Casinos 
 Sydney Airport Holdings Ltd                                 A$850 million            Airport operator
 Boral Ltd                                                   A$565 million         Building product maker
 Stockland Corp                                              A$350 million                Property
 Viva Energy REIT                                            A$275 million                  REIT
 Cochlear                                                    A$250 million^              Healthcare
 National Storage REIT                                       A$225 million             Storage centre
                                                                                         operator 
 Star Entertainment Group                                    A$200 million                Casinos 
 Flight Centre Travel Group                                  A$200 million                 Travel
 IDP Education Ltd                                           A$150 million               Education
 Super Retail Group                                          A$100 million                 Retail
                                                                                              
             AUSTRALIA TOTAL                                 $3.58 billion                    
                                                                                              
               NEW ZEALAND                                                                    
 Spark New Zealand                                           NZ$150 million               Telecom
 Z Energy                                                    NZ$150 million           Fuel Distributor
                                                                                              
            NEW ZEALAND TOTAL                               $184.05 million                   
                                                                                              
  TOTAL ACROSS AUSTRALIA AND NEW ZEALAND                     $3.76 billion                    
                                                                                              
    Note:
    ^ Talks ongoing for portion of total

    
 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Christian Schmollinger, Subhranshu Sahu and
Sherry Jacob-Phillips)
  

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