ROUNDUP: Ceconomy aims to increase sales and earnings - share price plummets

DÜSSELDORF - Electronics retailer Ceconomy expects further operational improvements in the new financial year despite the persistently difficult consumer environment. Group CEO Karsten Wildberger also believes that the Group is "on track" with its ongoing restructuring. In the past financial year, the company was able to increase sales and adjusted operating earnings with its Media Markt and Saturn consumer electronics stores. However, write-downs and losses on its stake in the French company Fnac Darty, the sale of parts of the company and restructuring costs pushed Ceconomy into the red.

ROUNDUP: Software AG sells platform to IBM - Silver Lake wants all shares

DARMSTADT/MUNICH - The technology investor Silver Lake wants to delist Darmstadt-based Software AG from the stock exchange as planned. The US company would then have paid a total of just under 2.4 billion euros for the former MDax company. Software AG is now recouping most of this sum by selling two of its most important products. The company is selling its AI-supported integration platform Super iPaaS with Streamsets and Webmethods to the US company IBM for a good 2.1 billion euros. According to company circles, up to 2,000 employees are affected - primarily in the USA.

ROUNDUP: Energiekontor expects more profit after wind farm sale - share price jumps

BREMEN - The wind and solar park operator Energiekontor is raising its profit target for the 2023 financial year. This is mainly due to the sale of a wind farm project in Scotland and the generally good project business, as the company announced in Bremen on Friday evening. As expected, investors on the stock market reacted positively to the change in forecast on Monday.

ROUNDUP: Suez Canal canceled for shipping companies - huge detours for ships

HAMBURG/KIEL - Following attacks by Yemeni Houthi rebels on ships in the Red Sea, the Suez Canal, an important artery for world trade, has been canceled for the time being for routes operated by major shipping companies. Instead, they are sailing via the Cape of Good Hope at the southern tip of Africa on the Asia-Europe trade until further notice. "The fact that shipping companies are taking the detour of more than 6,000 kilometers around Africa is evidence of the extraordinary danger in the Red Sea," said global trade expert Vincent Stamer from the Kiel Institute for the World Economy (IfW) to the German Press Agency on Monday.

Nippon Steel wants to take over US Steel in billion-euro deal

PITTSBURGH/TOKYO - The largest Japanese steel group Nippon Steel wants to take over its US rival US Steel. The Japanese are paying 55 US dollars per share in cash, as both companies announced on Monday. Including assumed debt, the total valuation is 14.9 billion dollars (13.7 billion euros). According to the announcement, Nippon Steel expects the purchase to accelerate growth. The management boards of both companies are behind the transaction, it said.

ROUNDUP: EU Commission opens proceedings against online platform X

BRUSSELS - The European Commission is opening proceedings against the online platform X (formerly Twitter). It will investigate whether X has violated EU rules on risk management and content moderation, advertising transparency and data access for researchers, the authority announced in Brussels on Monday.

ROUNDUP: Mobile operator Iliad wants to merge Italian network with Vodafone

LONDON/PARIS - The French mobile operator Iliad would like to merge its Italian network with that of its British competitor Vodafone. Iliad announced in Paris on Monday that both sides would each hold half of the shares in the new joint venture. Iliad also wants to secure the right to increase its stake by ten percentage points each year. The French have submitted a corresponding proposal to the British, according to their own statements. Last year, Iliad was turned down with a takeover bid for Vodafone's Italian business.

ROUNDUP: Future market hydrogen - Thyssenkrupp Nucera wants to grow strongly

DORTMUND - Electrolysis specialist Thyssenkrupp Nucera intends to benefit strongly from the growing global demand for climate-neutral hydrogen in the coming years. On Monday, the electrolyzer manufacturer announced sales growth in the mid double-digit percentage range for the current 2023/24 financial year. In 2022/23, turnover had already risen by 70 percent to 653 million euros.

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Further news

-Commerzbank head of HR: Need almost 20,000 new employees

-Automotive supplier Grammer lowers earnings forecast

-Carl Zeiss Meditec takes over ophthalmology specialist Dorc

-No mobile phone auction: O2 boss insists on frequency extension

-Unicredit boss targets takeovers in the coming years

-Investor for floating LNG terminal in Stade handed over

-Stahl collective agreement for the first time with working time rules for transformation

-Allianz pro Schiene calls for key figures for upcoming rail reform

-Biontech: Vaccine production in Africa is not about speed

-ROUNDUP 3: On the way to Wembley: Lucky draw for Bayern - RB draw Real

-'BamS': Lufthansa demands 740,000 euros from climate activists

-Norwegian ship attacked in the Red Sea - no one injured

-Thalers and tennis balls: Fans don't want to accept DFL investor

-Turmoil over 49-euro ticket: Stendal could find imitators

-Borussia Dortmund: 'It's hard granite'

-Abrupt end to e-car demand - lack of transition period criticized

-After the states' yes to the treaty: RBB still has reservations

-Bawag sells Start:Bausparkasse in Germany to Wüstenrot

-Press: Migros also on Signa Holding's list of creditors

-Lufthansa to fly to Israel again from January

-UBS also wants to take performance into account in job cuts

-Baerbock calls Biontech vaccine production in Rwanda a milestone

-Commission presents plan for the future of Baltic Sea fisheries

-ROUNDUP: Aldi lowers coffee prices, other retail chains want to follow suit

-More sewage sludge incinerated in Germany - proportion has been rising for years

-ROUNDUP 2: On the way to Wembley: Lucky draw for Bayern - RB draw Real

-Delivery Hero cuts jobs at Berlin headquarters°

Customer note:

ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/jha