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Lanxess


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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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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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JPM cuts Lanxess to 'underweight' on tough macro environment

BUZZ-JPM cuts Lanxess to 'underweight' on tough macro environment ** J.P.Morgan cuts Lanxess LXSG.DE to "underweight" from "neutral" citing a tough near-term macro backdrop for the German speciality chemicals maker ** It points to uncertainty around the timing and magnitude of any demand inflection from China stimulus and the ongoing interest rate
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Eni, Mediobanca, DSV, Stellantis Oct 3 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 2000 GMT on Thursday: ** Italy's Eni ENI.MI will decide about additional stake sales in its renewable and biofuel units, its CEO said on Thursday, keeping in mind that it wants to list them on the stock market and retain the majority of their capital.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Oct 3 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 0930 GMT on Thursday: ** German speciality chemicals maker Lanxess LXSG.DE said it has signed a contract to sell its Urethane Systems polymers business to UBE Corporation for about 460 million euros ($507.98 million). nTUC7XXL38 ** Greece's bank bailout fund HFSF has set the final price in a National Bank NBGr.AT equity offering at 7.55 euros ($8.33) per share, tw
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Japan's UBE Corp: To Acquire Germany's LANXESS Urethane Systems Business For About 460 Million Euros

BRIEF-Japan's UBE Corp: To Acquire Germany's LANXESS Urethane Systems Business For About 460 Million Euros Oct 3 (Reuters) - UBE Corp 4208.T : UBE CORP - NOTICE REGARDING ACQUISITION OF LANXESS URETHANE SYSTEMS BUSINESS UBE CORP - ACQUISITION PRICE IS ABOUT 460 MILLION EUROS UBE CORP - ACQUISITION EXPECTED TO COMPLETE IN FIRST HALF OF 2025, IMPACT
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Lanxess to sell polymers business to UBE Corporation

Lanxess to sell polymers business to UBE Corporation Oct 3 (Reuters) - German speciality chemicals maker Lanxess LXSG.DE said on Thursday it has signed a contract to sell its Urethane Systems polymers business to UBE Corporation. The enterprise value of Lanxess's last remaining polymers business amounts to 460 million euros ($507 million), the company said.
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Lanxess Signs New Sustainable Credit Line For EUR 800 Mln

BRIEF-Lanxess Signs New Sustainable Credit Line For EUR 800 Mln Sept 26 (Reuters) - LANXESS AG LXSG.DE : SIGNS NEW SUSTAINABLE CREDIT LINE FOR EUR 800 MILLION BASIC TERM OF NEW CREDIT LINE IS FIVE YEARS, WITH TWO ONE-YEAR EXTENSION OPTIONS LANXESS HAS AGREED A NEW SYNDICATED CREDIT FACILITY WITH 11 BANKS IT SERVES TO SECURE COMPANY'S LONG-TERM LIQU
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German chemicals sector recovery loses momentum in Q2, says industry group

German chemicals sector recovery loses momentum in Q2, says industry group Sept 10 (Reuters) - A slight recovery in the German chemicals sector lost momentum in the second quarter, a report by the VCI industry body said on Tuesday, as both domestic and foreign orders slowed in the April-June period, especially in the pharmaceutical branch. "The global economy has not picked up speed as hoped," VCI's Managing Director Wolfgang Grosse Entrup said in a press release, adding that Germany's structura
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MS says 2025 turning point for EU chemicals, names Akzo as top pick

BUZZ-MS says 2025 turning point for EU chemicals, names Akzo as top pick ** Current demand growth in European chemicals lacks near term catalysts, but is set to improve from 2025, supported by interest rates' cuts and lower gas prices, says Morgan Stanley ** MS analysts anticipate 2.7% supply growth on average over the next four years (vs 4.6% over
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European shares slip on growth jitters; French stocks lead decline

UPDATE 2-European shares slip on growth jitters; French stocks lead decline Michel Barnier named French prime minister Part of Airbus A350 fleet faces inspection, regulator says China growth concerns weigh on luxury stocks Vistry rises on buyback, higher HY profit STOXX 600 down 0.5% Updated at 1620 GMT By Shubham Batra and Lisa Pauline Mattackal Sept 5 (Reuters) - European stocks fell on Thursday as mixed economic data spurred worries about global growth and offset gains in interest rate-sensit
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Air Liquide, Novo Nordisk, Syensqo

EUROPE RESEARCH ROUNDUP- Air Liquide, Novo Nordisk, Syensqo Sept 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air Liquide, Novo Nordisk and Syensqo, on Thursday. HIGHLIGHTS * Air Liquide AIRP.PA : Morgan Stanley cuts to underweight from equal-weight * Lanxess AG LXSG.DE : Morgan Stanley raises to overweight from underweight * Novo Nordisk NOVOb.CO : JP Morgan raises target price to DKK 1050 from DKK 950 * Swiss Life Holding AG
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German chemical firms moving more research abroad, industry body warns

German chemical firms moving more research abroad, industry body warns FRANKFURT, Aug 29 (Reuters) - German chemical companies are increasingly moving their research abroad due to lower costs, less bureaucracy and better public funding programs elsewhere, the industry body VCI warned on Thursday. VCI, which represents almost two thousand companies in the country's third-largest sector, said it expects research spending to slowdown to 2% this year from 4% in 2023. "High inland costs, poor earning
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Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *
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AstraZeneca, Beazley, Puma

EUROPE RESEARCH ROUNDUP-AstraZeneca, Beazley, Puma Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Beazley and Puma on Monday. HIGHLIGHTS * AstraZeneca AZN.L : TD Cowen raises target price to 14,860p from 13,945p * Beazley BEZG.L : Jefferies raises target price to 1,020p from 975p * Puma SE PUMG.DE : Baader Helvea raises to buy from add * Quilter Plc QLT.L : Berenberg raises target price to 135p from 105p * WPP
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European shares jump, weather turbulence to eke out weekly gain

UPDATE 2-European shares jump, weather turbulence to eke out weekly gain For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window LEG Immobilien up on posting smaller Q2 loss Lanxess reassures with positive Q2 free cash flow, shares up UK's Hargreaves Lansdown agrees $6.9 bln takeover by consortium STOXX 600 up Updated at 1600 GMT By Pranav Kashyap and Ankika Biswas Aug 9 (Reuters) - Europe's main index r ose on Friday, with a continued boost fro
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Positive Q2 FCF boosts Lanxess shares

BUZZ-Positive Q2 FCF boosts Lanxess shares ** Shares in Lanxess LXSG.DE rise around 4% as the speciality chemicals maker reported a positive quarterly free cash flow (FCF) along with its final Q2 results ** "2Q FCF probably not as bad as was feared," J.P. Morgan says ** Jefferies also highlights the positive FCF figure, adds all divisions beat consensus on adj.
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Lanxess reassures with positive Q2 free cash flow

UPDATE 3-Lanxess reassures with positive Q2 free cash flow Posts Q2 free cash flow of 83 million euros Q2 sales decline 5.6% Shares up as much as 6% Recasts to focus on free cash flow, updates shares in paragraph 1 and 6, adds analyst comments throughout, CEO comment in 8 By Linda Pasquini Aug 9 (Reuters) - Germany's Lanxess LXSG.DE generated more cash than expected in the second quarter, boosting its shares on Friday even as the speciality chemicals maker missed sales forecasts.
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Lanxess Forecast For Full Year 2024 Unchanged

BRIEF-Lanxess Forecast For Full Year 2024 Unchanged Aug 9 (Reuters) - LANXESS AG LXSG.DE : FORECAST FOR FULL YEAR 2024 UNCHANGED FOR Q4, GROUP THEN ANTICIPATES A MORE MUTED PERFORMANCE AS A RESULT OF NORMAL SEASONAL DEVELOPMENT. EBITDA MARGIN PRE EXCEPTIONALS FOR Q2 AMOUNTED TO 10.8 PERCENT COMPARED TO 6.0 PERCENT IN SAME PERIOD OF PREVIOUS YEAR Q2
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Lanxess sales drop 5.6% in Q2

Lanxess sales drop 5.6% in Q2 Aug 9 (Reuters) - Speciality chemicals maker Lanxess LXSG.DE on Friday reported a 5.6 % drop in its second-quarter sales, below market expectations, citing lower selling prices as it passed on reduced raw material and energy costs. The Cologne-based company posted revenue of 1.68 billion euros ($1.83 billion) for the second quarter, missing analysts' forecast of 1.72 billion in a poll by Vara Research.
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