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Siemens' $10.6 billion Altair deal strengthens its industrial software offering

UPDATE 4-Siemens' $10.6 billion Altair deal strengthens its industrial software offering Acquisition is Siemens' second biggest Price an 18.7% premium to Altair's Oct. 21 close Deal to complete in second half of 2025 Recasts, adds details, background throughout By John Revill Oct 31 (Reuters) - Siemens SIEGn.DE is to buy U.S. engineering software firm Altair Engineering ALTR.O for $10.6 billion, strengthening its position in the growing market for industrial software.
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Siemens to buy engineering software firm Altair in $10.6 bln deal

Siemens to buy engineering software firm Altair in $10.6 bln deal Oct 30 (Reuters) - Siemens SIEGn.DE will buy American engineering software firm Altair Engineering ALTR.O in a deal valued at $10.6 billion , the German company said on Wednesday, as it seeks to strengthen its presence in the fast-growing industrial software market. Reporting by John
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Honeywell Automation India's Q2 profit falls on sluggish demand

Honeywell Automation India's Q2 profit falls on sluggish demand Oct 29 (Reuters) - Engineering firm Honeywell Automation India HONE.NS reported a 5.6% fall in its second-quarter profit on Tuesday, hurt by slowing demand. The Indian arm of U.S. conglomerate Honeywell International HON.O said its profit fell to 1.15 billion rupees ($13.7 million) for the three months ending Sept.
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Top of the Street: Philips, ABB, VAT Group

BUZZ-Top of the Street: Philips, ABB, VAT Group A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Jefferies raises Philips PHG.AS to "hold" from "underperform", saying the Dutch medical devices maker's risk/reward profile is more balanced and the valuation reflects more adequately short-term challenges after the stock plunged on Monday ** Goldman Sachs cuts ABB Ltd ABBN.S to "neutral" from "buy", seeing the stock as no longer underappreciated as it trades
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ABB, Barratt Redrow, Ti Fluid Systems

EUROPE RESEARCH ROUNDUP-ABB, Barratt Redrow, Ti Fluid Systems Oct 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ABB, Barratt Redrow and Ti Fluid Systems, on Tuesday. HIGHLIGHTS * ABB Ltd ABBN.S : Goldman Sachs cuts to neutral from buy * Barratt Redrow Plc BTRW.L : JP Morgan raises target price to 600p from 560p * Intermediate Capital Group Plc ICGIN.L : Citigroup raises PT to 2610p from 2600p * Ti Fluid Systems TIFS.L : Jeffer
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Swiss companies set sights on India as $100 bln trade pact promises more opportunities

Swiss companies set sights on India as $100 bln trade pact promises more opportunities EFTA countries have signed free trade agreement with India Deal includes pledge to invest $100 billion in India Companies looking to benefit from India's strong economic growth By John Revill ZURICH, Oct 28 (Reuters) - Investments in India by Swiss companies such as engineering group ABB ABBN.S and transport firm Kuehne+Nagel KNIN.S are on the rise, with a $100 billion regional trade deal expected to further o
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ABB Partners With ArcelorMittal To Lower Environmental Impact Of Power Distribution Systems

BRIEF-ABB Partners With ArcelorMittal To Lower Environmental Impact Of Power Distribution Systems Oct 21 (Reuters) - ArcelorMittal SA MT.LU : ABB PARTNERS WITH ARCELORMITTAL TO LOWER ENVIRONMENTAL IMPACT OF POWER DISTRIBUTION SYSTEMS Source text for Workspace: ID:nNDLbS4Sbm Further company coverage: MT.LU (Gdansk Newsroom)
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ABB's new CEO says company has work to do after mixed Q3 numbers

UPDATE 3-ABB's new CEO says company has work to do after mixed Q3 numbers Company raises full year profit guidance, lowers sales outlook New CEO says company increasing R&D spending Q3 operating profit beats forecasts, sales miss expectations Adds share price reaction, analyst By John Revill ZURICH, Oct 17 (Reuters) - Swiss engineering group ABB ABBN.S needs to improve its performance, new Chief Executive Morten Wierod said on Thursday, after the company reported mixed third-quarter results.
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ABB has at least $1 bln to spend on M&A, CFO of Swiss firm says

ABB has at least $1 bln to spend on M&A, CFO of Swiss firm says ZURICH, Oct 17 (Reuters) - ABB ABBN.S at least $1 billion to spend on deals as it looks to boost its revenues by being more active in M&A, Chief Financial Officer Timo Ihamuotila said on Thursday. The Swiss engineering firm said it would target smaller and mid-sized companies but did not rule out larger deals.
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Swiss stocks - Factors to watch on October 17

Swiss stocks - Factors to watch on October 17 ZURICH/GDANSK, Oct 17 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Thursday: NESTLE NESN.S Nestle cut its full-year sales outlook and reported worse-than-expected nine-month organic sales growth on Thursday as the world's biggest packaged food company failed to grow volumes amid continued price hikes.
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ABB's new CEO says company has work to do after mixed Q3 numbers

ABB new CEO puts deals and R&D spending at heart of growth strategy CEO targets higher top line growth More M&A, capex will be part of strategy CFO says ABB has at least $1 billion for acquisitions R&D spending will also increase . By John Revill ZURICH, Oct 17 (Reuters) - ABB's ABBN.S new Chief Executive Morten Wierod wants to speed up sales growth at the Swiss engineering company, he said on Thursday, ramping up spending on deals as well as research and development.
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ABB Says It Anticipates A Low To Mid-Single-Digit Comparable Revenue Growth In Q4

BRIEF-ABB Says It Anticipates A Low To Mid-Single-Digit Comparable Revenue Growth In Q4 Oct 17 (Reuters) - Abb Ltd ABBN.S : ABB LTD: Q3 2024 RESULTS ABB LTD - IN Q4 OF 2024, WE ANTICIPATE A LOW TO MID-SINGLE-DIGIT COMPARABLE REVENUE GROWTH ABB LTD - IN FULL-YEAR 2024, WE EXPECT A POSITIVE BOOK-TO-BILL, COMPARABLE REVENUE GROWTH TO BE BELOW 5% ABB LTD - IN FULL-YEAR 2024, WE EXPECT OPERATIONAL EBITA MARGIN TO BE SLIGHTLY ABOVE 18%.
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ABB raises full year guidance after Q3 profit beats forecasts

ABB raises full year guidance after Q3 profit beats forecasts ZURICH, Oct 17 (Reuters) - Swiss engineering group ABB ABBN.S on Thursday reported better-than-expected operating profit for its third quarter and edged higher its profitability outlook for the year. The maker of factory robots and fast electric chargers for cars and buses increased its operational core profit to $1.55 billion, slightly ahead of forecasts for $1.52 billion in a company gathered consensus.
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Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead Oct 11 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 15-Oct-2024 BMO BWY.L Bellway PLC Full Year 2024 Bellway PLC Earnings Release 15-Oct-2024 05:00 ERICb.ST Telefonaktiebolaget LM Ericsson Q3 2024 Telefonaktiebolaget LM Ericsson Earnings Release 16-Oct-2024 AMC GFCP.PA Gecina SA Q3 2024 Gecina SA Earnings Release 16-Oc
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Nordic corporate earnings week ahead

DIARY-Nordic corporate earnings week ahead Oct 11 (Reuters) - Diary of Nordic (OMXS30-SK, OBX-OS, OMXHPI-HE, OMXC20) corporate earnings for the week ahead NORDIC EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 15-Oct-2024 05:00 ERICb.ST Telefonaktiebolaget LM Ericsson Q3 2024 Telefonaktiebolaget LM Ericsson Earnings Release 16-Oct-2024 06:00 KINVb.ST Kinnevik AB Q3 2024 Kinnevik AB Earnings Release 17-Oct-2024 05:00 ABBN.S Abb Ltd Q3 2024 Abb Ltd Earnings Release 18-Oct-2024 06:0
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Chile's Codelco signs letter of intent to collaborate with ABB on decarbonization

Chile's Codelco signs letter of intent to collaborate with ABB on decarbonization SANTIAGO, Oct 4 (Reuters) - Chilean state-run miner Codelco has signed a letter of intent with Swedish-Swiss technology company ABB to explore a collaboration focused on decarbonizing and automating its operations, the copper giant said in a statement Friday. The strategic collaboration between both companies would be a long-term one, Codelco COBRE.UL said, with the aim of identifying the miner's innovation needs t
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Italy's Brembo sells Pirelli shares, Tronchetti's Camfin raises stake

UPDATE 3-Italy's Brembo sells Pirelli shares, Tronchetti's Camfin raises stake Pirelli shares sold at 5.07 euros each in ABB process Brembo raised 282.9 mln euros from share placement Camfin increased Pirelli stake to 25.28% Recasts after deal completion, Camfin statement By Giulio Piovaccari MILAN, Oct 2 (Reuters) - Brembo BRBI.MI has sold its entire 5.6% stake in tyre maker Pirelli PIRC.MI for around 283 million euros ($313 million), a move dampening speculation about a merger between the two
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Siemens to carve out EV charging business

UPDATE 3-Siemens to carve out EV charging business Adds further comment from Siemens in paragraphs 9-10, 13 By Marleen Kaesebier and Miranda Murray BERLIN, Sept 23 (Reuters) - Siemens SIEGn.DE plans to carve out its electric vehicle (EV) charging business, Siemens eMobility, as it looks to grow in the rapidly evolving industry, the German conglomerate said on Monday.
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India's BHEL gains on 61 bln rupee order win from NTPC

BUZZ-India's BHEL gains on 61 bln rupee order win from NTPC ** Shares of Bharat Heavy Electricals (BHEL) BHEL.NS climb as much as ~3% to 274 rupees, last up 1.7% ** The power and industrial equipments maker got order worth 61 bln rupees (about $731 mln) from NTPC NTPC.NS ** Order for supply of engineering, procurement and construction parts for a t
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India's KEC International rises on 10.03 bln rupee order wins

BUZZ-India's KEC International rises on 10.03 bln rupee order wins ** Shares of KEC International KECL.NS rise as much as 3.6% to 975 rupees, last up about 1% ** Engineering and construction co gets orders worth 10.03 billion rupees ($120.2 million) across its railways, civil and cables business ** Avg rating of 22 analysts covering the stock at "h
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