ROUNDUP 2/High costs: Fresenius and subsidiary FMC lower profit forecasts again
BAD HOMBURG – The difficult US business is burdening the dialysis group Fresenius Medical Care (FMC (Fresenius Medical Care)) and subsequently its parent company Fresenius (Fresenius SECo) even more than feared. All other areas, in particular the service provider Vamed, were also affected by the difficult macroeconomic environment, Fresenius announced on Sunday. The Dax (DAX 40) group referred to inflation-related cost increases, staff shortages and disruptions in the supply chains, which also affect patient behavior. Fresenius and FMC again lowered their profit targets for 2022. That doesn’t come as a complete surprise, analysts had thought it possible.
ROUNDUP 2: Musk begins remodeling Twitter
SAN FRANCISCO – Tech billionaire Elon Musk begins to put his stamp on the online service after taking over Twitter. Among other things, he wants to create a new body to deal with controversial content. Before such a council meets, there will be no major decisions on content policy or account recovery, he wrote on Twitter. This would also include the activation of the ex-president’s account, which Musk has been discussing for the past few months donald trump not expected immediately.
Commission: Companies should be given a location for the gas price brake
BERLIN – According to a media report, according to the expert commission set up by the federal government, companies should only be relieved by the gas price brake if they keep their locations. For this, the companies should have to conclude a location and transformation agreement, writes the “Handelsblatt”, which has excerpts of the Commission’s final report. The report will be presented in Berlin on Monday.
DWS boss sees no errors in information about green funds
FRANKFURT – The fund company DWS (DWS Group GmbHCo) has denied misconduct with regard to climate protection. “It may be true that the topic has been very loudly promoted in the past. But we are now almost finished with our internal investigations and we continue to stand by our financial reports and prospectuses,” said Deutsche Bank’s CEO, who has been in office since June ( Deutsche Bank) subsidiary, Stefan Hoops, of the “Frankfurter Allgemeine Sonntagszeitung”.
ROUNDUP: First warning strikes in the wage dispute in the metal industry
MUNICH/HAMBURG – In the collective bargaining dispute in the metal and electrical industry, IG Metall began warning strikes on Saturday. Immediately after the end of the peace obligation at midnight, several thousand employees in selected industrial companies stopped work for a few hours.
5G mobile communications expansion is progressing faster than planned
MUNICH/DÜSSELDORF – The expansion of the fast 5G mobile network in Germany is progressing faster than originally planned. As the mobile operator O2 Telefoncia (telefonica Germany) announced at the weekend, the company’s 5G network now reaches 75 percent of the population. This means that O2 has significantly exceeded its original goal of reaching half of the population with 5G by the end of the year.
Nuclear power plant Isar 2 back on the grid
ESSENBACH – The Isar 2 nuclear power plant in Bavaria has been connected to the grid again after maintenance work. The routine maintenance of the so-called pressurizer pilot valves has ended and the subsequent test has been successful, said a spokeswoman for the operator PreussenElektra on Saturday.
Insurers fear fires due to replacement heaters
BERLIN – Germany’s insurers fear increased house fires in the winter. The reason is the run on replacement heating systems this year, from wood stoves to radiators. “We see with concern what adventurous means some tenants and homeowners resort to,” said Jörg Asmussen, the general manager of the General Association of the German Insurance Industry (GDV). “We strongly advise against dangerous experiments.”
Tollerort CEO leaves – HHLA: No connection with Cosco
HAMBURG – The managing director of the Hamburg container terminal Tollerort, which has become known nationwide because of the planned Chinese participation, is leaving the company. A spokesman for the port logistics company HHLA told the German Press Agency on Sunday that his departure at the end of October had absolutely nothing to do with the planned entry of the Chinese Cosco group. Rather, this was decided a long time ago by mutual agreement.
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Additional Reports
-Lufthansa resumes direct flights to Iran after body was found
-Chemical President Steilemann warns to hurry up with energy price brakes
-Swiss boss Dieter Vranckx: ‘Swiss has turned the corner’
Finance Minister Lindner is again promoting fracking for gas production
-Red Bull’s lawsuit against British gin maker Bullards dismissed
-Tesla begins clearing forest to expand production
-Steag applies for a higher KfW credit line for the purchase of coal
-BVB in luck, Eintracht in rage: VAR debate superimposes top game
-US company receives order for first nuclear power plant in Poland°
Customer note:
ROUNDUP: You read a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
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