With the mine, K + S is slipping closer to the important US market in the Midwest.
- Posted by: Ngọc Trinh
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With the mine, K + S is slipping closer to the important US market in the Midwest.
No liability is assumed for the correctness of the data. Source: ntv.de “The management of Pfeiffer Vacuum is resisting the takeover by the Busch Group. The TecDax company is coming up with very good quarterly figures. The general meeting is being watched with excitement on May 23.
Pfeiffer Vacuum, facing a hostile takeover, is promoting independence among shareholders with rapid growth. Pfeiffer is technologically and financially very well positioned “to benefit as an independent company from the long-term growth potential in the vacuum industry”, explained CEO Manfred Bender. The strong results of the first quarter are proof that the management is correct in its assessment, also to reject the second offer from the Busch Group. With an increase in sales and incoming orders by a quarter to 137 million and 147 million euros respectively, the TecDax company earned 14.8 million euros in the first quarter, around 66 percent more than a year earlier. Bender said he was confident that the positive business development would continue in 2018 and urged investors to exercise their rights at the general meeting on May 23.
Only with a high presence can it be ensured that the interests of all shareholders are protected. “The unsubstantiated allegations of the Busch family against the corporate governance of Pfeiffer Vacuum show that the Busch family wants to instrumentalize the general meeting for their own purposes.” That must be prevented. Busch had announced that he would go on the offensive at the shareholders’ meeting. In addition to the takeover offer, the company also wants to discuss Michael Oltmanns, who has been in office for 16 years, and whom they accuse of bias. The Busch Group, which already holds almost 30 percent of the competitor, is facing stubborn resistance from Pfeiffer management with its takeover plans. The family company is offering Pfeiffer shareholders a second attempt at EUR 110 instead of EUR 96.20 per share. Pfeiffer would be valued at 1.09 billion euros.
In addition, shareholders can look forward to the dividend of EUR 3.60 per share for 2016, as the offer would only be processed after the dividend date. Source: ntv.de, wne / rts “In Germany, K + S builds potash salts in Hesse and Thuringia, among others (Photo: picture alliance / dpa) The Canadian Potash group once tried to swallow K + S. Now the MDax company is attacking its competitor on its home market and opening a potash mine. The billion-dollar project is also causing criticism The salt and fertilizer manufacturer starts up its potash mine in Canada.
The company has high hopes for the billion-dollar project, which has been dubbed “Legacy”. But the North American potash market is already suffering from oversupply and storage capacity is scarce.biology essay service With the roughly three billion euro project in the south of the province of Saskatchewan, K + S is practically active in the front yard of its Canadian rival Potash. The group, which tried in vain to take over K + S in 2015, dominates the North American potash market together with its competitors Agrium and Mosaic. “How is K + S supposed to penetrate a market that is not growing and is suffering from enormous overcapacity?” Asked analyst Charles Neivert from the investment house Cowen. A stock trader replied, however, that the “legacy” opening was “good” for K + S: “That could finally draw attention again to a K + S asset that the stock exchange has long ignored,” said the market participant . “In addition, the Potash figures last week showed that you can still double your profits.” “It is particularly interesting that some analysts still put the value of Legacy in the share price at zero,” the trader continued: “A successful one Mining operations would then allow a clear upward position in the ratings. “The K + S shares fell on Tuesday. The titles listed in the MDax lost almost 2 percent.
The overall market, however, has hardly changed. Source: ntv.de, bad / rts / DJ “The special pump manufacturer Pfeiffer Vacuum felt subdued demand in the second quarter of 2014. Sales fell by 0.4 percent compared to the same period last year The TecDax company announced that incoming orders fell by a good six percent to EUR 95.2 million. Profit was up by more than two percent to EUR 7.1 million. Company boss Manfred Bender calculates second half of the year, especially in business with the semiconductor industry, with growth. For the full year he continues to expect sales of between 410 million and 440 million euros. (dpa) Source: ntv.de “The start of the shortened trading week is impressive.
In the end there is a new Dax record. It could also be the start of an upward trend, because there are some trend-setting dates in the next few days. The Dax has started the shortened trading week with profits. The leading index screwed its highest level to 12,508 points.
The high trading range was around 75 points. “Everything is open,” commented n-tv stock market expert Frank Meyer on the situation. “The Dax still has to get going. There is still a lot to do,” Meyer continued, referring to the post-trading figures from Apple and the meeting of the Federal Reserve’s (Fed) Open Market Committee on Wednesday .6 percent firmer with 12,508 points and thus at the daily high. On Friday it closed at 12,438 points. The MDax rose 0.8 percent to 24,823 jobs. The TecDax improved 1.6 percent to 2126 points, also a new all-time high.
In addition to Fed and Apple, the elections in France on Sunday also played a role. However, they have lost most of their horror. On the market, it is assumed that Emmanuel Macron will emerge as the winner of the second ballot for the presidential election in France next Sunday. According to traders, the economic development in China caused some headwinds: There the industry weakened surprisingly significantly in April. The official purchasing managers’ index for industry slipped to 51.2 points in April from 51.8 points in March, its lowest level in six months. With no real impetus, Wall Street has largely stagnated.
The Fed’s meeting began, but the top US monetary politicians will not speak up until Wednesday. The upcoming US labor market data over the course of the week and the French runoff election for president also caused restraint. “Will the Fed take note of the slowdown in growth and thus lower expectations of the coming rate hikes in 2017? Or are the symptoms only temporary (…) that will be resolved again in the second quarter?
The Fed should answer these questions and dealers will act based on them, “said market strategist Hussein Sayed from FXTM. The Dow Jones index gained 0.2 percent to 20,950 points, the SP-500 and Nasdaq-Composite each gained 0.1 percent to. But actually the action revolved primarily around Apple.
After the end of trading, the technology giant will announce the long-awaited quarterly figures and possibly also allow a look at future developments of a technical nature. In the run-up, the share rose 0.6 percent and for the second day in a row to an all-time high. In tow, the Nasdaq composite set a new record, as it did the day before. Apple shares were up 30 percent in just six months, but investors are hoping the recent rally is justified. The market was fascinated by the new iPhone.
Apple usually updates its smartphone product line once a year. This time the iPhone also celebrates its 10th birthday. That is why the expectations were hot recently.
The “Wall Street Journal” had already reported on a curved screen and a rather expensive anniversary device. Otherwise, too, the impetus came from the company. This is how the pharmaceutical company Merck earned Co more than expected in the first quarter and raised the outlook. The share went up 0.5 percent. The pharmaceutical competitor Pfizer earned more in the first quarter than in the same period last year, despite lower revenues.
However, the expiry of the patent protection of important drugs again cost Pfizer sales. The share fell by 0.5 percent. After weak sales figures – especially for commercial vehicles – prices in the automotive sector fell. Ford and General Motors were down 4.4 and 2.9 percent, respectively.
Engine maker Cummins’ titles jumped 6.1 percent. After good business figures, the company raised its outlook. Advanced Micro Devices posted further losses – albeit expected.
The titles plummeted 24.4 percent. In the Dax, pros Sieben especially were in demand, who rose more than 3 percent and were therefore the top winners in the leading index. With Discovery Communications, the German TV broadcaster found a “strong partner for streaming content,” said a dealer. With additional content from Discovery, the 7TV app from Prosiebensat.1 should become more attractive.
The cooperation is likely to have a positive effect on sports, for example, because Discovery’s Eurosport stake also holds transmission rights for the Bundesliga games and the 2018 Winter Olympics. Banks, for example, were under observation among the individual values in the Dax. US President Donald Trump plans to overhaul the US banking system. Investment and private customer business should go their separate ways again, as they did in the period before the end of the 1990s. Deutsche Bank and Commerzbank rose 0.7 and 1.0 percent, Allianz gained around 0.8 percent, and the group is investing in British water.
A consortium led by Allianz Capital Partners is taking over the water utility Affinity Water. According to its own statements, the insurance company pays together with the infrastructure investors DIF and HICL 687 million pounds for 100 percent of the shares. The street scooter developed by Deutsche Post for its own use now also drives for other companies. For example, the post delivers to the fishmonger Deutsche See, as the companies announced.
Deutsche Post shares lost around 2.5 percent. Dealers rated the long-awaited opening of the Leqacy mine in Canada as good for K + S. “That could finally draw attention again to a K + S asset that has long been ignored by the stock exchange,” said a trader. K + S has now put the potash mine into operation, in which around 3 billion euros had been invested. With the mine, K + S is slipping closer to the important US market in the Midwest. K + S lost 1.6 percent. The plan for the online fashion retailer Zalando to open flagship stores is not entirely new. “In the metropolises we have real fans who spend a lot of time with us and order a lot. It could be interesting for them to experience the brand offline as well,” said Zalando CEO Rubin Ritter of “Manager Magazin”.
The price of Zalando shares climbed 0.3 percent, while Pfeiffer Vacuum closed about 0.3 percent lower. The EBIT was a bit behind the consensus forecast. “The good incoming orders should make up for that,” said one dealer. The new orders are 9 percent above market expectations.
Sales in the first quarter were also better than expected. With a price drop of almost 7 percent, the shares of the Swiss biotech and pharmaceutical manufacturer Lonza attracted attention. In trade, however, it was relaxed, on Tuesday trading in subscription rights for the capital increase began. Lonza plans to raise around 2.3 billion francs by issuing 16.5 million shares at 136 francs. This will fund most of the Capsugel acquisition, and BP returned to profitability in the first quarter of 2017 thanks to higher oil prices.
Replacement cost profit, a metric that is comparable to net profit at US competitors, rose to $ 1.4 billion for the January to March end. A year earlier, BP posted a loss of $ 485 million. BP stocks were up around 2 percent. In the foreign exchange market, eyes were also turned towards the Fed meeting.
Observers saw no reasons why the Fed should raise interest rates again shortly after the rate hike that took place in mid-March. The euro was trading at $ 1.0926 in the evening, slightly above the exchange rate of the previous evening, just below the 1.09 mark. Robust economic data from the euro zone hadn’t given the euro a boost. Sentiment in industrial companies in the euro area reached its highest level in six years in April.
However, the final data slightly missed the value of the first survey. The indicators for Italy and Spain also improved, with prices on the oil market falling and closing at a six-week low. An interim slight recovery did not prevail – a pattern that has recently been observed more frequently. The existing worries about an oversupply due to increasing US funding continued to weigh on, it said. The analysts of JP Morgan believe that even the agreement of the oil cartel OPEC to limit production will not prevent the market from oversupplying.
Only an extension of the agreement until the end of the year could support the price. However, current data showed that the OPEC countries were no longer so strict about complying with the production cuts in April. The price of a barrel of the WTI variety fell 2.4 percent to $ 47.66, the European reference variety Brent by 2.1 percent to $ 50.46. Convincing numbers from technology companies gave the stock exchanges in Asia a boost on Tuesday.
In Tokyo, the Nikkei index closed 0.7 percent plus around 19,446 points. The MSCI index for Asian stocks outside of Japan was down 0.4 percent. The Kospi in Seoul and the Taiwanese stock exchange also went up. The Shanghai Composite, on the other hand, recorded slight losses, with market experts explaining the largely positive performance with strong interim reports from US technology giants such as Google, Amazon and Microsoft. As a result, the conflict on the Korean Peninsula and surprisingly weak industrial data from China took a back seat.
In Seoul, the shares of Samsung Electronics gained 0.6 percent. In Taiwan, Taiwan Semiconductor rose 1 percent and Hon Hai Precision Industry rose 1.2 percent, and the SP / ASX200 in Sydney is down 0.4 percent after one of the country’s four largest banks missed market expectations with quarterly results .