ROUNDUP: Software AG wants to pay significantly less dividends
DARMSTADT – Shareholders of Software AG (Software) have to prepare for a significant dividend cut for 2022. After a slump in profits for the past financial year, the company only wants to pay out five cents per share – after 76 cents in the previous year. The ongoing transformation impacted earnings and free cash flow, which the company uses to calculate dividends.
ROUNDUP 2/founder’s daughter moves up the ranks at Huawei: What are the US doing?
BEIJING – At the top of the Chinese telecom giant Huawei, a politically sensitive personnel decision is pending that could have an impact on the difficult relationship with the United States. The daughter of the company founder, CFO Meng Wanzhou, who was once targeted by the US judiciary, is to take over the rotating chairmanship of the group on April 1 for the first time. Informed circles reported to the German Press Agency in Beijing that a successor plan for the 78-year-old CEO Ren Zhengfei should be initiated. The company itself denied the representation and emphasized that it would stick to the proven “collective management model”.
Management consultancy Bain: Car manufacturers can double recycling
MUNICH – According to a study by the management consultancy Bain, Europe’s car manufacturers could almost triple the proportion of recycled components and raw materials in their production by 2040 – from 23 to 59 percent. “This alone would reduce the CO2 emissions associated with the use of materials by 60 percent,” said the industry experts on Monday in Munich.
ITB/ROUNDUP: Travel industry optimistic – the bottom has finally been passed
BERLIN – Comeback of tourism after the hard Corona years: The demand for destinations for the most beautiful weeks of the year is increasing significantly despite the rise in inflation. The German travel industry sees itself on course for the record sales of the pre-pandemic year 2019. European tourism is hoping for more travelers from overseas, who made up about a quarter of the guests before the pandemic. However, vacationers have to be prepared for higher prices, last-minute bargain hunters for fewer offers.
Bidder competition in TIM: State bank and Macquarie counter KKR
ROME – A bidding war has broken out for the landline and infrastructure segment as well as the submarine cable subsidiary Sparkle of the telecom company Telecom Italia (TIM) (TIM (ex Telecom Italia)). According to a statement from the weekend, the Italian state development bank Cassa Depositi e Prestiti has received the green light for an offer for these business areas. The bank and investment house Macquarie decided to counter an offer from US investor KKR (KKRCo) after previously considering a joint offer with him, reports the Bloomberg news agency, citing people familiar with the matter. The offer from the Italian bank and Macquarie corresponds to that of KKR with a total of 20 billion euros, with the cash portion being higher. The bid is valid at the end of March./mis
SFC Energy receives million-euro order from Indian Ministry of Defence
BRUNNTHAL/MUNICH – SFC Energy and its partner FC TecNrgy Pvt have secured an order from the Indian Ministry of Defense for portable fuel cell solutions. The order value is initially more than 16 million euros, as the fuel cell manufacturer announced on Monday in Brunnthal near Munich. The order includes the delivery of 450 portable methanol fuel cell systems over a period of one year and maintenance and servicing over a period of five years. SFC shares rose by around five percent on the Tradegate trading platform in the morning compared to the Xetra close.
^
Additional Reports
-Miele with record sales – foreign business is booming
-‘FT’: Former Credit Suisse major shareholder Harris exited completely
-Stada benefits from wave of illnesses and strong business in Russia
-ROUNDUP: More than 1500 people join model lawsuit against Eventim
-Lidl wants to open dozens of new branches in Denmark
-Roche receives two approvals: Lunsumio in Switzerland and cancer test in the USA
-Initiative Agora considers registration numbers of e-cars to be too low°
Customer Note:
ROUNDUP: You read a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
/pc