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Reuters - 1 day ago

Russia proposes squeezing more budget funds from state asset seizures

Russia proposes squeezing more budget funds from state asset seizures Oct 4 (Reuters) - Russia's government has proposed ordering state companies that acquire assets and property through court decisions to pay 50% of the assets' market value to the federal budget, a note published by the lower house of parliament showed. More than 1 trillion roubles' ($10.54 billion) worth of strategic enterprises and assets, seen as critical for developing Russia's economy and defence capabilities, were transfe

Reuters - 3 days ago

Top of the Street: UK real estate, European utilities, Covestro, SEB

BUZZ-Top of the Street: UK real estate, European utilities, Covestro, SEB A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Deutsche Bank raises three UK real estate companies to "buy" from "hold" citing cautious optimism as Britain moves into a rate cutting cycle ** It upgrades LondonMetric Property LMPL.L as its "roll up & recycle" model continues to plough on, and ups British Land BLND.L and Landsec LAND.L on improving office and retail fundamentals **

Reuters - 3 days ago

DB resumes coverage of European utilities with neutral sector view

BUZZ-DB resumes coverage of European utilities with neutral sector view ** Deutsche Bank says a recovery in European utility stocks has narrowed their 15% underperformance vs wider market to just 2%, leaving the broker neutral on the sector ** "The rally and modest earnings upgrades means that the sector is again closer to its long-run norm: P/E pa

Reuters - 3 days ago

Bureau Veritas, Covestro AG, Redcare Pharmacy NV

EUROPE RESEARCH ROUNDUP-Bureau Veritas, Covestro AG, Redcare Pharmacy NV Oct 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bureau Veritas, Covestro AG and Redcare Pharmacy NV, on Wednesday. HIGHLIGHTS * British Land BLND.L : Deutsche Bank raises to buy from hold * Bureau Veritas BVI.PA : JP Morgan cuts to neutral from overweight * Covestro AG 1COV.DE : Jefferies cuts to hold from buy * Redcare Pharmacy NV RDC.DE : HSBC raises t

Reuters - 2 weeks ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Ina Invest and Siemens; updates CMA CGM Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: * * Swiss real estate company Ina Invest INAI.S is considering a merger with its peer Cham Group and if talks succeed, shareholders of both firms will be able to vote on the plan in the spring of 2025, they said.

Reuters - 2 weeks ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: MINISO, UniCredit Updates: Rightmove Sept 23 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** MINISO 9896.HK will take up a 29.4% stake in Chinese supermarket operator Yonghui Superstores 601933.SS for 6.3 billion yuan ($893.05 million), it said, on track to becoming the largest single shareholder in the embattled firm.

Reuters - 2 weeks ago

Fortum to sell its stakes in biobased solutions businesses in India

UPDATE 1-Fortum to sell its stakes in biobased solutions businesses in India Adds detail in paragraph 3 STOCKHOLM, Sept 23 (Reuters) - Fortum FORTUM.HE said on Monday it had agreed to sell its 37.4% stake in Finnish biorefining technology firm Chempolis, including Fortum's biobased solutions businesses, and its stake in the firm that owns 40.3% of Assam Bio Ethanol in India.

Reuters - 2 weeks ago

Fortum to sell its stakes in biobased solutions businesses in India

Fortum to sell its stakes in biobased solutions businesses in India STOCKHOLM, Sept 23 (Reuters) - Finland's Fortum FORTUM.HE said on Monday it had agreed to sell its 37.4% stake in Chempolis, including Fortum's all biobased solutions businesses, and its shares in the holding company owning 40.3% in Assam Bio Ethanol in India. It said in a statement the buyer is India's AM Green Technology & Solutions.

Reuters - 2 weeks ago

Fortum To Sell Stakes In Biobased Solutions Businesses In India

BRIEF-Fortum To Sell Stakes In Biobased Solutions Businesses In India Sept 23 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM TO SELL ITS STAKES IN THE BIOBASED SOLUTIONS BUSINESSES IN INDIA AGREEMENT TO SELL ITS 37.4% OWNERSHIP IN CHEMPOLIS OY, INCLUDING FORTUM'S ALL BIOBASED SOLUTIONS BUSINESSES AFTER DIVESTMENT, FORTUM CONTINUES STRATEGIC REVIEW OF IT

Reuters - 2 weeks ago

Uniper, Fortum may extend use of Sweden's Oskarshamn 3 reactor by 20 years

Uniper, Fortum may extend use of Sweden's Oskarshamn 3 reactor by 20 years OSLO, Sept 18 (Reuters) - Germany's Uniper and Finland's Fortum are investigating the possibility of extending the operating life of their Swedish Oskarshamn 3 nuclear reactor by 20 years, the companies said on Thursday. The reactor, which opened in 1985, is currently due to close in 2045 but could remain operational until 2065 under a lifetime extension.

Reuters - 2 weeks ago

Fortum, Uniper Investigate Lifetime Extension Of Nuclear Power Plant In Sweden

BRIEF-Fortum, Uniper Investigate Lifetime Extension Of Nuclear Power Plant In Sweden Sept 18 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM, UNIPER INVESTIGATE LIFETIME EXTENSION OF OSKARSHAMN NUCLEAR POWER PLANT IN SWEDEN Source text for Eikon: ( Full story ) Further company coverage: FORTUM.HE (Gdansk Newsroom)

Reuters - 3 weeks ago

Fortum's Nuclear Services Signed Multi-Year Framework Agreement With Nuclear Decommissioning Assistance Programme

BRIEF-Fortum's Nuclear Services Signed Multi-Year Framework Agreement With Nuclear Decommissioning Assistance Programme Sept 16 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM'S NUCLEAR SERVICES SIGNED MULTI-YEAR FRAMEWORK AGREEMENT WITH NUCLEAR DECOMMISSIONING ASSISTANCE PROGRAMME NUCLEAR DECOMMISSIONING ASSISTANCE PROGRAMME OPERATES UNDER EUROPEAN COMM

Reuters - 4 weeks ago

Moscow takes control over assets of Western companies

FACTBOX-Moscow takes control over assets of Western companies Adds Raiffeisen and Linde, updates Commerzbank Sept 6 (Reuters) - Kremlin has been seizing assets of some Western companies in Russia through decrees signed by President Vladimir Putin and court orders related to lawsuits over halted projects or blocked funds amid Western sanctions. Below is a list of the companies affected so far.

Reuters - 1 month ago

Finland's Fortum uses US nuclear fuel to cut Russia dependence

UPDATE 2-Finland's Fortum uses US nuclear fuel to cut Russia dependence Adds comments, background By Elviira Luoma and Anne Kauranen LOVIISA, Finland, Sept 2 (Reuters) - Finnish utility Fortum FORTUM.HE said on Monday it has successfully started using nuclear fuel from U.S.-based Westinghouse Electric as it seeks to replace Russian supply. Fortum's Loviisa power plant in Finland has depended on nuclear fuel from TVEL, a subsidiary of Russian state-owned power company Rosatom, but Fortum began lo

Reuters - 1 month ago

Finland's Fortum starts using U.S. nuclear fuel in bid to reduce Russian dependence

Finland's Fortum starts using U.S. nuclear fuel in bid to reduce Russian dependence LOVIISA, Finland, Sept 2 (Reuters) - Finnish utility Fortum FORTUM.HE said on Monday it has successfully started using nuclear fuel from U.S.-based Westinghouse Electric as it seeks to replace Russian nuclear fuel at its Loviisa power plant in Finland. Reporting by

Reuters - 1 month ago

Fortum And Port Of Rauma To Develop Site Suitable For Green Transition Project At Port

BRIEF-Fortum And Port Of Rauma To Develop Site Suitable For Green Transition Project At Port Aug 23 (Reuters) - Fortum Oyj FORTUM.HE : FORTUM AND THE PORT OF RAUMA TO DEVELOP A SITE SUITABLE FOR A GREEN TRANSITION PROJECT AT THE PORT Source text: https://www.fortum.com/media/2024/08/fortum-and-port-rauma-develop-site-suitable-green-transition-proje

Reuters - 2 months ago

Adyen NV, Beazley, Nel ASA

EUROPE RESEARCH ROUNDUP-Adyen NV, Beazley, Nel ASA Aug 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adyen NV, Beazley and Nel ASA, on Friday. HIGHLIGHTS * Adyen NV ADYEN.AS : TD Cowen raises target price to EUR 1,620 from EUR 1,618 * Beazley BEZG.L : HSBC raises target price to 780p from 665p * Diageo DGE.L : HSBC cuts target price to 3,000p from 3,300p * Nel ASA NEL.OL : Berenberg cuts to hold from buy * ThyssenKrupp Nucera

Reuters - 2 months ago

Fortum CEO says new nuclear not feasible at today's power prices

Fortum CEO says new nuclear not feasible at today's power prices HELSINKI, Aug 15 (Reuters) - Finnish utility Fortum FORTUM.HE CEO Markus Rauramo said on Thursday investing in new nuclear power base load is not feasible with the current low market power prices in Sweden and the Nordic region. Reporting by Anne Kauranen in Helsinki, editing by Anna

Reuters - 2 months ago

Finland's Fortum says new nuclear not feasible at current prices

UPDATE 2-Finland's Fortum says new nuclear not feasible at current prices Recasts, adds CEO comments, details By Anne Kauranen HELSINKI, Aug 15 (Reuters) - Fortum FORTUM.HE doesn't believe investing in new nuclear generation capacity is feasible at current low Nordic power prices, its chief executive said on Thursday, after the Finnish utility surprised markets with better than expected second quarter results.

Reuters - 2 months ago

Finnish utility Fortum Q2 profit falls less than expected

Finnish utility Fortum Q2 profit falls less than expected COPENHAGEN, Aug 15 (Reuters) - Finnish utility Fortum FORTUM.HE posted on Thursday a smaller-than-expected drop in second-quarter operating profit despite seasonally lower energy prices. Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik

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