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Acerinox


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Arkema, Flatexdegiro, Mediobanca

EUROPE RESEARCH ROUNDUP-Arkema, Flatexdegiro, Mediobanca Oct 31 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Arkema, Flatexdegiro and Mediobanca, on Thursday. HIGHLIGHTS * Arkema SA AKE.PA : Berenberg raises to buy from hold * Flatexdegiro AG FTKn.DE : Goldman Sachs raises to buy from neutral * Mediobanca MDBI.MI : Deutsche Bank raises to hold from sell * Orsted ORSTED.CO : Deutsche Bank cuts to hold from buy * Syensqo NV SYENS.
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Outokumpu warns of worsening steel markets after Q3 profit beat

UPDATE 3-Outokumpu warns of worsening steel markets after Q3 profit beat Adds CFO comments in paragraphs 6-7, context in paragraph 5 By Jagoda Darlak Oct 30 (Reuters) - Finnish stainless steel maker Outokumpu OUT1V.HE beat market expectations for its third-quarter core profit (EBITDA) on Wednesday, helped by improved result in its ferrochrome business and higher stainless steel prices in Europe.
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Spanish stocks - Factors to watch on Oct. 30

UPDATE 1-Spanish stocks - Factors to watch on Oct. 30 Adds Caixabank Oct 30 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednes day . Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: C AIXABANK CABK.MC Spanish bank Caixabank's Executive Chairman Jose Ignacio Goirigolzarri is set to announce his resignation on Wednesday, newspaper La Vanguardia reported, citing several unidentified sources.
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Spanish stocks - Factors to watch on Oct. 30

Spanish stocks - Factors to watch on Oct. 30 Oct 30 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednes day . Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: AENA AENA.MC Aena said on Wednesday its net profit in the first nine months of the year rose 27% from the same period last year to 1.44 billion euros ($1.56 billion).
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Clariant, M6, Ucb

EUROPE RESEARCH ROUNDUP-Clariant, M6, Ucb Oct 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Clariant, M6, and Ucb, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : Deutsche Bank raises target price to EUR 275 from EUR 270 * Clariant AG CLN.S : JP Morgan cuts target price to CHF 14 from CHF 15 * M6 MMTP.PA : JP Morgan cuts target price to EUR 13.1 from EUR 13.7 * Nel ASA NEL.OL : Morgan Stanley cuts to underweight from equal wei
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European steel demand to fall in 2024, Eurofer says

European steel demand to fall in 2024, Eurofer says LONDON, Oct 29 (Reuters) - European steel demand will shrink this year, industry group the European Steel Association (Eurofer) said on Tuesday, downgrading its outlook for a fourth time this year due to weak demand and a sluggish economy. In July, the Eurofer cut its 2024 outlook for steel demand growth in the EU to 1.4%, but on Tuesday it said consumption would fall by 1.8%.
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Steelmaker Acerinox expects weak demand to persist into fourth quarter

UPDATE 1-Steelmaker Acerinox expects weak demand to persist into fourth quarter Adds share price, details on revenue and production, CEO comment, analyst comment By Javi West Larrañaga and Jesus Calero Oct 29 (Reuters) - Spanish steelmaker Acerinox ACX.MC posted a sharp drop in third-quarter net profit on Tuesday as a result of a weak stainless steel market in Europe and North America that it said will likely continue through the fourth quarter.
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Acerinox falls after Q3 EBITDA miss, lower Q4 guidance

BUZZ-Acerinox falls after Q3 EBITDA miss, lower Q4 guidance ** Shares of Spanish stainless steel maker Acerinox ACX.MC fall 3.5% after a Q3 EBITDA miss as a result of a weak stainless steel demand in Europe and North America that will likely continue in Q4 ** Q3 Adj. EBITDA came at 114 million euros ($123.33 million), 7% below a company-consensus of 123 million euros, says J.P.
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Acerinox's third quarter net profit fell by a third on lower steel demand

Acerinox's third quarter net profit fell by a third on lower steel demand Oct 29 (Reuters) - Spanish steelmaker Acerinox ACX.MC said on Tuesday its third quarter net profit fell by almost a third as a result of a weak stainless steel demand in Europe and North America that will likely continue in the fourth quarter. Net profit in the period fell to 48 million euros ($51.90 million) from 70 million euros in the same period a year ago, the company said.
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Acerinox Q3 Profit After Tax And Non Controlling Interests At 48 Mln Euros

BRIEF-Acerinox Q3 Profit After Tax And Non Controlling Interests At 48 Mln Euros Oct 29 (Reuters) - Acerinox SA ACX.MC : Q3 EBITDA 114 MILLION EUROS Q3 NET SALES 1.31 BILLION EUROS Q3 PROFIT AFTER TAX AND NON CONTROLLING INTERESTS 48 MILLION EUROS EBITDA FOR FINAL QUARTER IS EXPECTED TO BE HIGHER THAN IN THIRD QUARTER DUE TO SALE OF BAHRU STAINLESS
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JPM cuts ArcelorMittal and Salzgitter as EMEA metal stocks face near-term risks

BUZZ-JPM cuts ArcelorMittal and Salzgitter as EMEA metal stocks face near-term risks ** J.P.Morgan recommends reducing EMEA metals exposure in the near-term to mitigate trade and tariff-related risks ahead of the U.S. presidential election on Nov. 5 ** It says increased protectionism if Donald Trump wins the election could benefit firms with U.S. p
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Spanish stocks - Factors to watch on Oct 11

Spanish stocks - Factors to watch on Oct 11 Oct 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: IBERDROLA IBE.MC Spain's largest power company, Iberdrola, will invest up to 12 billion pounds ($15.66 billion) in its British division Scottish Power over the next four years, doubling its commitment in the UK ahead of a global investment summit in London.
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Acerinox To Sell Bahru Stainless Plant For $95 Mln

BRIEF-Acerinox To Sell Bahru Stainless Plant For $95 Mln Oct 10 (Reuters) - Acerinox SA ACX.MC : AGREES TO SELL BAHRU STAINLESS PLANT WORLDWIDE STAINLESS,COMPANY REGISTERED IN MALAYSIA, BUYS FACTORY FOR 95 MILLION DOLLARS OPERATION WILL CLOSE AT END OF NOVEMBER 2024 Source text for Eikon: ID:nCNM49MLj4 nL8N3HX0OU Further company coverage: ACX.MC (G
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MS prefers European carbon steel over stainless, downgrades Outokumpu

BUZZ-MS prefers European carbon steel over stainless, downgrades Outokumpu ** Morgan Stanley sees better risk-reward in European carbon steel stocks after China's policy pivot , as stainless steel makers may see possible benefits with a lag ** It sees a clearer path to better demand prospects for the ferrous metals, such as iron ore, coking coal and carbon steel, and base metals ** MS points to stainless steel sector's greater exposure to consumer demand, which has a limited chance of meaningful
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Imperial Brands, Kingfisher, Nestle SA

EUROPE RESEARCH ROUNDUP-Imperial Brands, Kingfisher, Nestle SA Oct 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Imperial Brands , Kingfisher and Nestle SA, on Wednesday. HIGHLIGHTS * Aixtron AIXGn.DE : Deutsche Bank cuts to hold from buy * ING INGA.AS : Deutsche Bank cuts to hold from buy * Imperial Brands IMB.L : JP Morgan raises target price to 2,600p from 2,250p * Kingfisher KGF.L : HSBC raises target price to 360p from 305
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Spanish stocks - Factors to watch on Oct 9

Spanish stocks - Factors to watch on Oct 9 Oct 9 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: SANTANDER SAN.MC The bank said on Wednesday it will carry out a total early redemption of covered bonds April 2025 on October 17. nFWN3LK144 ENAGAS ENAG.MC The company said on Tuesday it signed an agreement with Gasunie to develop decarbonisation projects.
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ASOS, JTC, London Stock Exchange

EUROPE RESEARCH ROUNDUP-ASOS, JTC, London Stock Exchange Sept 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASOS, JTC and London Stock Exchange, on Thursday. HIGHLIGHTS * ASOS Plc ASOS.L : HSBC cuts to reduce from hold * JTC Plc JTC.L : RBC raises target price to 1,100p from 980p * London Stock Exchange LSEG.L : HSBC raises target price to 10,000p from 9,400p * Nordic Semiconductor ASA NOD.OL : Barclays cuts target price to NOK
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UK's CMA Starts Merger Investigation Of Acerinox/Haynes

BRIEF-UK's CMA Starts Merger Investigation Of Acerinox/Haynes Sept 5 (Reuters) - Acerinox SA ACX.MC : UK'S COMPETITION AND MARKETS AUTHORITY SAYS STARTS MERGER INVESTIGATION: ACERINOX/HAYNES UK'S COMPETITION AND MARKETS AUTHORITY SAYS IS CONSIDERING WHETHER IT IS OR MAY BE CASE THAT THIS TRANSACTION, IF CARRIED INTO EFFECT, WILL RESULT IN CREATION OF A RELEVANT MERGER SITUATION UNDER MERGER PROVISIONS OF ENTERPRISE ACT 2002 UK'S COMPETITION AND MARKETS AUTHORITY SAYS ANNOUNCED LAUNCH OF ITS MERG
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Citi says weak Q3 for European steel already priced in by consensus

BUZZ-Citi says weak Q3 for European steel already priced in by consensus ** Citi sees earnings weakness in the seasonally soft Q3 for European steel, but expects that to already be taken into consideration by consensus estimates ** It points out that European steel prices have remained resilient amid falling raw material prices, leading to small recovery in spot steel margins ** The brokerage sees recovery in spreads as a "precursor to steel market recovery", which could potentially firm up late
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Outokumpu beats Q2 core profit estimates, warns 'difficult' Europe environment

UPDATE 2-Outokumpu beats Q2 core profit estimates, warns 'difficult' Europe environment Rewrites with Europe outlook, add details on unit performance and outlook, context on rivals By Jagoda Darlak Aug 8 (Reuters) - Finland's Outokumpu OUT1V.HE on Thursday reported second-quarter core profit above expectations, citing normalized operations after a strike earlier this year, but warned that the operating environment in Europe remains difficult.
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