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Saint-Gobain's Q3 volumes narrowly beat expectations as renovation resilient

UPDATE 1-Saint-Gobain's Q3 volumes narrowly beat expectations as renovation resilient Adds CEO quotes By Anna Peverieri Oct 29 (Reuters) - French construction materials group Saint-Gobain SGOB.PA reported third - quarter volumes slightly above analyst expectations on Tuesday as resilience in building renovation offset weakness in Europe and a decline in new construction.
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Saint-Gobain's Q3 volumes narrowly beat expectations as renovation resilient

Saint-Gobain's Q3 volumes narrowly beat expectations as renovation resilient By Anna Peverieri Oct 29 (Reuters) - French construction materials group Saint-Gobain SGOB.PA on Tuesday reported third quarter volumes slightly above analyst expectations as resilience in building renovation offset weakness in Europe and a decline in new construction. The company, which designs, manufactures and distributes materials for the building and industrial market, said its third quarter volumes were down by 1.
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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 stocks - Factors to watch on October 29

Swiss stocks - Factors to watch on October 29 ZURICH/GDANSK, Oct 29 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Tuesday: COMPANY STATEMENTS CLARIANT CLN.S Third quarter results due. NOVARTIS NOVN.S Third quarter results due. SIG GROUP SIGNC.S Third quarter results due. STRAUMANN STMN.S Third quarter results due. ANALYSTS' VIEWS SIKA AG SIKA.S - JP Morgan cuts target price to CHF 250 from CHF 260 ECONOMY No major Swiss economic data scheduled.
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Sika shares rise after solid 9-month results and confirmed guidance

BUZZ-Sika shares rise after solid 9-month results and confirmed guidance ** Shares in Sika SIKA.S rise 0.67% in Julius Baer pre-market trade after the Swiss industrial and construction chemicals company posted solid 9-month results and confirmed its FY outlook ** Sika posts 9M sales of 8.9 billion Swiss francs, up 5.5% from 8.4 billion a year earli
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Swiss stocks - Factors to watch on October 25

Swiss stocks - Factors to watch on October 25 ZURICH/GDANSK, Oct 25 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Friday: UBS UBSG.S The incipient migration of clients from Credit Suisse to UBS should take about another 18 months, UBS CEO Sergio Ermotti said on Thursday. SIKA SIKA.S Swiss industrial and construction chemicals company Sika reported a 5.5% increase in sales for the first nine months of 2024 on Friday, and confirmed its outlook for the year.
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Swiss chemical maker Sika's nine-month sales rise 5.5%

UPDATE 1-Swiss chemical maker Sika's nine-month sales rise 5.5% Adds details in paragraphs 3-8 Oct 25 (Reuters) - Swiss industrial and construction chemicals company Sika SIKA.S reported a 5.5% increase in sales for the first nine months of 2024 on Friday, and confirmed its outlook for the year. The company, whose chemical additives are used to strengthen and waterproof building materials in walls, floors and roofs, said sales rose to 8.91 billion Swiss francs ($10.29 billion) in the nine months
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Sika Reports 9 Month Sales Of CHF 8,914.9 Mln

BRIEF-Sika Reports 9 Month Sales Of CHF 8,914.9 Mln Oct 24 (Reuters) - Sika AG SIKA.S : SIKA SETS NEW RECORDS IN SALES AND PROFIT – ORGANIC GROWTH ACCELERATES FURTHER SIKA AG - SALES OF CHF 8,914.9 MILLION (+5.5% IN CHF) AFTER FIRST NINE MONTHS SIKA AG - OUTLOOK FOR FISCAL 2024 CONFIRMED: SIKA AG- EBITDA MARGIN ROSE SIGNIFICANTLY TO 19.1% (PREVIOUS YEAR: 17.8%) SIKA AG- FOR 2024 SIKA EXPECTS SALES GROWTH IN LOCAL CURRENCIES OF 6% TO 9% AND AN OVER-PROPORTIONAL INCREASE IN EBITDA.
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Swiss chemical maker Sika's nine-month sales rise 5.5%

Swiss chemical maker Sika's nine-month sales rise 5.5% Oct 25 (Reuters) - Swiss industrial and construction chemicals company Sika SIKA.S reported a 5.5% increase in sales for the first nine months of 2024 on Friday, and confirmed its outlook for the year. The company, whose chemical additives are used to strengthen and waterproof building materials in walls, floors and roofs, said sales rose to 8.91 billion Swiss francs ($10.29 billion) in the nine months through September.
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Avanza Bank, Equinor, FD Technologies

EUROPE RESEARCH ROUNDUP-Avanza Bank, Equinor, FD Technologies Oct 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Avanza Bank , Equinor and FD Technologies, on Tuesday. HIGHLIGHTS * Avanza Bank AVANZ.ST : JP Morgan raises target price to SEK 191 from SEK 190 * Equinor EQNR.OL : HSBC cuts target price to NOK 290 from NOK 302 * FD Technologies Plc FDPF.L : Peel Hunt raises target price to 1,819p from 1,361p * HSBC Holdings Plc HSBA.
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Swiss stocks - Factors to watch on October 8

Swiss stocks - Factors to watch on October 8 ZURICH/GDANSK, Oct 8 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Tuesday: COMPANY STATEMENTS AVOLTA AG AVOL.S Celebrates duty-free contract win at Turkey's new Çukurova International Airport. VAT GROUP AG VACN.S Sees negative impact in Q3 between CHF 20-25 million. ANALYSTS' VIEWS SIKA AG SIKA.S - JEFFERIES CUTS TARGET PRICE TO CHF 315 FROM CHF 317 ECONOMY No major Swiss economic data scheduled.
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Swiss stocks - Factors to watch on October 3

Swiss stocks - Factors to watch on October 3 ZURICH/GDANSK, Oct 3(Reuters) - Here are some of the main factors that may affect Swiss stocks on Thursday: COMPANY STATEMENTS Sika AG SIKA.S holds its Capital Markets Day. ANALYSTS' VIEWS NOVARTIS AG NOVN.S - JEFFERIES RAISES TARGET PRICE TO $124 FROM $123 ECONOMY Swiss September inflation data due at 0630 GMT.
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Exane cuts Sika to 'underperform' as demand in autos, China declines

BUZZ-Exane cuts Sika to 'underperform' as demand in autos, China declines ** Exane downgrades Sika SIKA.S to "underperform" from "neutral" saying that "shares have gone sideways" amid worsening demand in the automobile industry ** Shares in Sika, which makes chemical products for automobiles , have underperformed the sector by 15% YTD and demand tr
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Rate cuts to benefit building materials sector, HSBC say

BUZZ-Rate cuts to benefit building materials sector, HSBC say ** HSBC says a possible turn in the interest rate cycle should lead to a recovery in residential demand in 2025, boosting building materials producers ** The analysts expect rate cuts of 150 basis points in the U.S. and Europe from September 2024 to end-2025 ** HSBC forecasts light building materials producers' EBIT/EBITDA to grow 8% in 2025, with heavy materials makers lagging behind without energy cost deflation benefits ** It prefe
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Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu
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Swiss stocks - Factors to watch on September 10

Swiss stocks - Factors to watch on September 10 ZURICH/GDANSK, Sept 10 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Tuesday: UBS GROUP AG UBSG.S Media - The company is weighing a wealth tie-up to compete in cutthroat Indian market, Bloomberg News says. ANALYSTS' VIEWS HOLCIM AG HOLN.S - HSBC RAISES TARGET PRICE TO CHF 84 FROM CHF 80 SIKA AG SIKA.S - HSBC CUTS TARGET PRICE TO CHF 370 FROM CHF 380 SKAN GROUP AG SKAN.S - BERENBERG CUTS TARGET PRICE TO CHF 93 FROM CH
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Deutsche Bank takes a shine to the construction sector

LIVE MARKETS-Deutsche Bank takes a shine to the construction sector STOXX 600 down 0.3% Utilities, banks lead Luxury lags Nasdaq futures steady Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com DEUTSCHE BANK TAKES A SHINE TO THE CONSTRUCTION SECTOR Analysts at Deutsche Bank have upgraded the construction and materials sector to overweight on lower interest rates, solid earnings gro
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Sika Significantly Expands Its Mortar Production In Indonesia

BRIEF-Sika Significantly Expands Its Mortar Production In Indonesia Aug 13 (Reuters) - Sika AG SIKA.S : SIKA AG - SIGNIFICANTLY EXPANDS ITS MORTAR PRODUCTION IN INDONESIA SIKA AG - HAS MORE THAN DOUBLED PRODUCTION CAPACITY AT BEKASI PLANT, ITS BIGGEST MANUFACTURING FACILITY IN INDONESIA Source text for Eikon: ID:nGNEbzg3Kl Further company coverage:
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Top of the Street: Sika, Haleon, Anglo American, VAT Group

BUZZ-Top of the Street: Sika, Haleon, Anglo American, VAT Group A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Stifel raises Swiss chemicals maker Sika SIKA.S to "buy" from "hold" after it increased its PT to CHF 270, which implies an upside of 11%, following the recent share price drop ** Goldman Sachs cuts consumer healthcare company Haleon HLN.L to "neutral" from "buy", as it sees limited catalysts to drive near term price performance, with Pfizer's
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Iberdrola, 23andMe, Digi Aug 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Spanish utility Iberdrola reached an agreement to buy 88% of British power network Electricity North West (ENWL) in a deal valuing the company at roughly 5 billion euros ($5.44 billion), it said.
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