ROUNDUP 2/US media: Twitter warms to Musk’s takeover bid
SAN FRANCISCO – According to US media reports, Twitter is more receptive to the takeover bid by tech billionaire Elon Musk after initial resistance. The Wall Street Journal wrote Monday that the sides are in serious negotiations and could finalize a deal this week. The financial service Bloomberg even reported that an agreement is still possible on Monday. Twitter has become more open to Musk’s plan since presenting $46.5 billion in funding commitments last week.
ROUNDUP: Supply chain issues and provisions weigh on Philips
AMSTERDAM – The medical technology group Philips faces ongoing problems in the supply chain. Higher costs and further provisions for the recall and replacement of certain ventilators resulted in a significantly higher loss in the first quarter. Should the environment continue to deteriorate with a view to rising inflation, delivery bottlenecks and the Ukraine war, the forecast for the current year could also be up for negotiation. The share collapsed by a good eleven percent on Monday in Amsterdam.
Beverage company Coca-Cola jumps in sales
ATLANTA – The beverage giant Coca-Cola has made a significant jump in sales in the first three months. Revenue rose in the first quarter from its own resources by almost a fifth to 10.5 billion US dollars (9.72 billion euros), as announced by Pepsico’s rival (PepsiCo) on Monday in Atlanta (US state Georgia). In addition to better pricing, the company benefited above all from significantly higher sales of concentrates, syrups and other beverages. The operating margin also improved by 2.3 percentage points to 32.5 percent. Comparable earnings per share (EPS) increased 16 percent over the prior-year period to $0.64. The stock barely reacted in premarket trading.
ROUNDUP: Roche continues to grow, mainly thanks to strong diagnostics businesses
BASEL – The pharmaceutical company Roche grew slightly more strongly than expected in the first quarter of 2022. That’s the good news. The fact that the figures on the financial markets still met with a rather weak response is due to the details. The group once again owes its good performance to the smaller diagnostics division, which, thanks to rapid sales with corona tests, has exceeded average market expectations. In contrast, according to analysts, the larger pharmaceutical division provides more shadow than light.
Kreise: Financial investors CVC and KKR see an opportunity to buy Toshiba
According to sources, the financial investors CVC and KKR are considering takeover bids for the struggling Japanese technology group Toshiba. Rival Bain Capital has also considered such a step, the Bloomberg news agency reported on Monday, citing informed people. The shareholders recently put a stop to an originally planned split of the group into several listed companies. CVC had already shown interest last year and wanted to put 21 billion US dollars (19.5 billion euros) on the table.
ROUNDUP 2: World military spending hits new high
STOCKHOLM – For the first time in one year, the countries of the world have spent more than two trillion dollars on their military equipment. Global military spending rose to $2.113 trillion in 2021, the Stockholm-based peace research institute Sipri said in a new report on Monday. Adjusted for inflation, this corresponds to an increase of 0.7 percent compared to the previous year. This is the seventh year in a row that spending has increased. The USA is the undisputed leader, with Germany in seventh place.
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Additional Reports
-Cellnex confirms interest in Deutsche Telekom’s radio tower subsidiary
-Deutsche Bank buys back its own shares for over 300 million euros
-Mahle makes losses again and sees great burdens for 2022
-BMW stops production at the Regensburg plant
-Hyundai with significantly higher quarterly profit
-BBVA raises bid for Turkish Bank Garanti – weak lira helps
-Moscow Vnukovo Airport lets staff work less
-ROUNDUP: Warning strikes stop buses and trains in several federal states
-ROUNDUP/Unter Hynen: A disgrace against product pirates wants to protect the original
-Hugo Boss can compensate for losses caused by the Ukraine war
-Plan approval procedure for Baltic Eagle wind farm completed
-‘Milestone’ for the internet – EU agrees on digital law
-EU Commission: Russian gas affordable without violating sanctions
-MAN restarts truck production
-DGB chief calls for stronger profit taxation of oil companies
-Study: EU could close shortage of metals through recycling
-Hyundai with significantly higher quarterly profit
-Indonesia announces Palml export ban
Industry: Farmers hardly benefit from high grain prices
-Targobank remains on course for growth in the second Corona year
-US brewery relocates stopped billion-dollar project within Mexico
-Higher consumer prices are driving up index rents
-FDP: When it comes to heating, don’t just rely on heat pumps
-Ex-BDI President Kempf is to become the new Gea supervisory board chairman
Customer note:
ROUNDUP: You are reading a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
/jha