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Reuters - 5 days ago

Below-average rain sufficient for Ivory Coast cocoa crop, farmers say

Below-average rain sufficient for Ivory Coast cocoa crop, farmers say ABIDJAN, Sept 30 (Reuters) - Most of Ivory Coast's main cocoa regions received below-average rainfall last week but farmers on Monday said it was sufficient to boost development of the next October-to-March main crop. The world's top cocoa producer is in its rainy season, which runs from April to mid-November.

Reuters - 5 days ago

Adidas, Harbour Energy, LSE

EUROPE RESEARCH ROUNDUP-Adidas, Harbour Energy, LSE Sept 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Harbour Energy and LSE, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baird raises target price to EUR 260 from EUR 255 * Diploma Plc DPLM.L : Peel Hunt raises PT to 5,100p from 3,600p * Harbour Energy Plc HBR.L : Jefferies cuts target price to 360p from 400p * LSE LSEG.L : JP Morgan raises target price to 11,600p from

Reuters - 2 weeks ago

Finnish elevator maker Kone sets 2027 margin goal below long-term target

UPDATE 2-Finnish elevator maker Kone sets 2027 margin goal below long-term target New operating profit margin target 13-14% by end-2027 New margin target below long-term target of 16% Company targets around 5% sales growth Recasts with context, analyst comment, share move By Elviira Luoma and Essi Lehto HELSINKI, Sept 19 (Reuters) - Elevator maker Kone KNEBV.HE on Thursday announced a margin target for 2027 below its long-term goal, sending its share price lower, as it deals with the effects of

Reuters - 2 weeks ago

Finnish elevator maker Kone sets 2027 margin goal below long-term target

Finnish elevator maker Kone sets 2027 margin goal below long-term target HELSINKI, Sept 19 (Reuters) - Elevator maker Kone KNEBV.HE has set a goal of raising its adjusted operating profit margin to between 13% and 14% by the end of 2027, below the group's long-term target of 16%, the company said on Thursday. Kone in July said it expected an operating margin for 2024 of between 11.5%-12.2%.

Reuters - 2 weeks ago

Kone: New Strategy For 2025-2030

BRIEF-Kone: New Strategy For 2025-2030 Sept 19 (Reuters) - Kone Oyj KNEBV.HE : KONE ANNOUNCES AMBITIOUS NEW STRATEGY FOR 2025-2030 MID TERM TARGET UNTIL 2027 IS AROUND 5% REVENUE GROWTH KEEPS LONG TERM TARGETS UNCHANGED MID-TERM FINANCIAL TARGET TO BE ACHIEVED BY END OF 2027: PROFITABILITY: ADJUSTED EBIT MARGIN OF 13-14% Source text: https://news.c

Reuters - 3 weeks ago

Alstom, Siemens, Tesco

EUROPE RESEARCH ROUNDUP-Alstom, Siemens, Tesco Sept 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alstom, Siemens and Tesco, on Friday. HIGHLIGHTS * Alstom ALSO.PA : HSBC raises target price to EUR 26 from EUR 24 * Hexagon AB HEXAB.ST : HSBC cuts target price to SEK 110 from SEK 120 * Siemens AG SIEGN.DE : HSBC cuts target price to EUR 140 from EUR 150 * Tesco TSCO.L : Citigroup raises target price to 425p from 350p * Travis P

Reuters - 3 weeks ago

JPM sticks to its favoured European capital goods names amid muted sentiment

BUZZ-JPM sticks to its favoured European capital goods names amid muted sentiment ** J.P.Morgan says European capital goods are "stuck in the middle", with investor conviction generally low and valuations in the middle ground, as it sticks to its favoured names for whom consensus seems "at least reasonable" ** "Weaker top-down indicators have dampe

Reuters - 4 weeks ago

Kone To Review Automatic Door Business

BRIEF-Kone To Review Automatic Door Business Sept 10 (Reuters) - Kone Oyj KNEBV.HE : PLANS TO EVALUATE ITS AUTOMATIC DOOR OPERATIONS POSSIBLE SALE OF AUTOMATIC DOOR OPERATIONS UNIT IN 2023 AUTOMATIC DOOR OPERATIONS GENERATED AROUND 2% OF KONE SALES Source text: https://news.cision.com/fi/kone-oyj/r/kone-suunnittelee-aloittavansa-oviliiketoiminnan-a

Reuters - 1 month ago

Bernstein ups Schindler to 'outperform' on current 'near-trough' valuation

REFILE-BUZZ-Bernstein ups Schindler to 'outperform' on current 'near-trough' valuation Refiles to widen distribution ** Bernstein raises Swiss elevator maker Schindler SCHP.S to "outperform" from "market-perform", saying company is traded at cyclical lows despite healthy growth and a benign outlook ** Even with cyclically-depressed buildings sector

Reuters - 1 month ago

Ivory Coast rains offer good prospect for cocoa main crop, farmers say

Ivory Coast rains offer good prospect for cocoa main crop, farmers say ABIDJAN, Sept 2 (Reuters) - Heavy rains in most of Ivory Coast's main cocoa-growing regions last week boosted the development of the October-to-March main crop, which is expected to start early and to be longer and larger than last season, farmers said on Monday. The world's top cocoa producer is in its rainy season which runs officially from April to mid-November.

Reuters - 1 month ago

GS says weak China to keep weighing on Europe's liftmakers, downgrades Schindler

BUZZ-GS says weak China to keep weighing on Europe's liftmakers, downgrades Schindler ** Goldman Sachs downgrades Swiss liftmaker Schindler SCHP.S to "sell" from "neutral", citing weakness in China and a delayed recovery in EU and U.S. markets as rate cuts drag out ** The broker cuts its 2025 and 2026 forecasts for Schindler's EBIT by 2%, noting it

Reuters - 1 month ago

AB Foods, Bunzl, Barratt

EUROPE RESEARCH ROUNDUP- AB Foods, Bunzl, Barratt Aug 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AB Foods, Bunzl and Barratt on Tuesday. HIGHLIGHTS * AB Foods ABF.L : Deutsche Bank cuts to sell from hold * Bunzl BNZL.L : JP Morgan raises target price to 3,660p from 3,380p * Barratt BDEV.L : Morgan Stanley resumes coverage with equal-weight rating * Continental AG CONG.DE : UBS raises to buy from neutral * Schindler Holding

Reuters - 2 months ago

Ivory Coast's cooler weather raises concerns among cocoa farmers

Ivory Coast's cooler weather raises concerns among cocoa farmers ABIDJAN, Aug 19 (Reuters) - Above average rains boosted the development of the October to March main crop in most of Ivory Coast's main cocoa growing regions last week although cooler temperatures raised some concerns, farmers said on Monday. The world's top cocoa producer is in its rainy season, which runs officially from April to mid-November.

Reuters - 2 months ago

Kone To Equip Hainan Center Skyscraper In South China

BRIEF-Kone To Equip Hainan Center Skyscraper In South China Aug 14 (Reuters) - Kone Oyj KNEBV.HE : KONE TO EQUIP THE SUPERTALL “HAINAN CENTER” SKYSCRAPER IN SOUTH CHINA Source text for Eikon: ID: nNDL5K1mcg Further company coverage: KNEBV.HE (Gdansk Newsroom)

Reuters - 2 months ago

Kone To Equip Eight Stations In East China

BRIEF-Kone To Equip Eight Stations In East China July 30 (Reuters) - Kone Oyj KNEBV.HE : KONE TO EQUIP EIGHT STATIONS ALONG THE NEW LINE S2 OF NANJING METRO IN EAST CHINA DELIVERY INCLUDES 69 KONE TRANSITMASTER™ 140 ESCALATORS ALONG EIGHT STATIONS. Source text: https://news.cision.com/kone-oyj/i/kone-to-equip-eight-stations-along-the-new-line-s2-

Reuters - 3 months ago

Kone Oyj Outlook 2024 Sales To Grow 0-4% (Previously 0-5%)

BRIEF-Kone Oyj Outlook 2024 Sales To Grow 0-4% (Previously 0-5%) July 19 (Reuters) - Kone Oyj KNEBV.HE : OUTLOOK 2024 SALES: TO GROW 0-4% (PREVIOUSLY 0-5%) OUTLOOK 2024 ADJUSTED EBIT MARGIN: 11.5%-12.2% (PREVIOUSLY 11.5%-12.3%) NEGATIVE IMPACT OF FOREIGN EXCHANGE RATES ON ADJUSTED EBIT WOULD BE ABOUT EUR 10 MILLION MARKET OUTLOOK 2024: NEW BUILDING

Reuters - 3 months ago

Elevator maker Kone profit short of expectations as Chinese orders drop

UPDATE 3-Elevator maker Kone profit short of expectations as Chinese orders drop Adds detail From paragraph 2 STOCKHOLM, July 19 (Reuters) - Finnish elevator maker Kone KNEBV.HE on Friday reported a smaller than expected rise in second-quarter operating profit and slightly narrowed its full-year profitability projection. CEO Philippe Delorme said that the Chinese property market had remained very challenging, leading to a significant decline in orders and sales in the company's China New Buildin

Reuters - 3 months ago

Elevator maker Kone's Q2 operating profit slightly lags expectations

Elevator maker Kone's Q2 operating profit slightly lags expectations STOCKHOLM, July 19 (Reuters) - Finnish elevator maker Kone KNEBV.HE reported on Friday a rise in second-quarter operating profit that was slightly smaller than expected and narrowed its full-year earnings outlook somewhat towards the lower end of the guidance range. Reporting by A

Reuters - 3 months ago

Lift makers' order intakes hold up despite slow China

UPDATE 3-Lift makers' order intakes hold up despite slow China Rewrites throughout to add Kone results By Louis van Boxel-Woolf and Bartosz Dabrowski July 19 (Reuters) - European liftmakers Schindler SCHP.S and Kone KNEBV.HE posted second-quarter order intake above expectations on Friday, but warned China's construction slowdown was weighing on new installations.

Reuters - 3 months ago

Kone To Equip 2 Finsbury Avenue Dual High-Rise Towers

BRIEF-Kone To Equip 2 Finsbury Avenue Dual High-Rise Towers July 18 (Reuters) - Kone Oyj KNEBV.HE : KONE TO EQUIP 2 FINSBURY AVENUE DUAL HIGH-RISE TOWERS IN THE CITY OF LONDON Source text for Eikon: [ID:] Further company coverage: KNEBV.HE (Gdansk Newsroom)

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