ROUNDUP 2: Kretinsky company joins Thyssenkrupp steel division - share price jumps

ESSEN - Germany's largest steel manufacturer Thyssenkrupp Steel is getting an energy company as a co-owner. The Czech billionaire Daniel Kretinsky and his holding company EPCG are initially taking over 20 percent of the weakening steel division of the industrial group Thyssenkrupp. Negotiations are underway to acquire a further 30 percent of the steel business. The aim is still to form a joint venture in which both partners each hold 50 percent, Thyssenkrupp announced in Essen on Friday. The Group did not provide any financial details. Employee representatives expressed criticism and demanded compliance with collective agreements.

ROUNDUP: Wafer manufacturer Siltronic lowers forecast - shares fall sharply

MUNICH - The wafer manufacturer Siltronic is becoming more pessimistic for the current year due to a continuing weakness in demand. The company expects a further delay in the market recovery as customers are reducing their high inventories more slowly than hoped. This will lead to further delivery postponements at Siltronic. Siltronic now expects a decline in sales of around ten percent for 2024, as the MDax company announced in Munich on Friday. The margin before interest, taxes, depreciation and amortization (EBITDA) is expected to fall to between 21 and 25 percent. Previously, Siltronic had forecast sales and an EBITDA margin in the order of magnitude of the previous year, whereby the margin could be additionally burdened by up to three percentage points due to the start-up costs of a new factory.

ROUNDUP: Flatexdegiro becomes more optimistic after strong start to the year - share price jumps

FRANKFURT - The online broker Flatexdegiro is becoming somewhat more optimistic after a strong start to the year. The SDax-listed company announced on Thursday after the end of Xetra trading in Frankfurt that the increase in turnover and profit in 2024 is likely to be at the upper end of the forecast range. This was well received on the stock market. Meanwhile, a successor for outgoing CEO Frank Niehage has not yet been found.

Google parent Alphabet significantly increases revenue and profit

MOUNTAIN VIEW - Google's parent company Alphabet benefited from a strong online advertising business in the past quarter. Revenue rose by 15 percent year-on-year to 80.5 billion dollars, as Alphabet announced after the US stock market closed on Thursday. Analysts had on average only expected around 79 billion dollars. The bottom line profit rose to 23.66 billion dollars (22 billion euros) from just over 15 billion dollars a year earlier.

Microsoft exceeds expectations - sales and profits rise sharply

REDMOND - Microsoft continues to grow rapidly thanks to the boom in cloud offerings and artificial intelligence (AI) products. In the third quarter of the current financial year (June 30), sales rose by 17 percent to just under 62 billion dollars (around 58 billion euros), the company announced in Redmond on Thursday. The bottom line profit climbed by a fifth to almost 22 billion dollars. Both figures exceeded experts' expectations. The share price of the world's most valuable company with a market capitalization of around three trillion dollars rose significantly in the aftermath.

ROUNDUP: Airbus expands A350 production - bumpy start to the year

TOULOUSE - The world's largest aircraft manufacturer Airbus has had a mixed start to the year despite an increase in deliveries. Although sales increased quite significantly, the operating result adjusted for special effects slumped. Analysts, meanwhile, are looking ahead and remain confident. The Boeing rival is making progress with the production ramp-up for the A220 and A320 models. In addition, the production rate for the A350 is to be increased to 12 aircraft per month in 2028, as Airbus announced on Thursday evening when presenting its quarterly figures. The share price nevertheless fell on Friday.

Intel disappoints stock market with sales forecast

SANTA CLARA - Semiconductor giant Intel has disappointed Wall Street with its outlook for the current quarter. Shares fell by around nine percent at times in after-hours trading on Thursday. Intel forecast earnings of between 12.5 and 13.5 billion dollars for the current quarter. Analysts had expected an average of around 13.6 billion dollars. The forecast for adjusted earnings per share also fell well short of expectations.

ROUNDUP: Traton gains ground at the start of the year - share price climbs to record high

MUNICH/WOLFSBURG - Higher sales prices have given VW's commercial vehicle subsidiary Traton a tailwind at the start of the year. Despite a four percent drop in sales to 81,100 vehicles, turnover and operating profit increased, the company announced on Friday. The share price reached a record high.

ROUNDUP: Saint-Gobain with decline in turnover - but margin forecast confirmed

COURBEVOIE - The French building materials group Saint Gobain reported significantly lower sales in the first quarter due to weak business in Europe. However, this did not come as a surprise. The construction markets have long been suffering from higher interest rates, which make building more expensive. However, Saint-Gobain's management is quite optimistic. The share price rose significantly on Friday.

ROUNDUP: T-Mobile US surprises with new customer gains - targets revised

BELLEVUE - An unexpectedly large number of mobile customers opted for T-Mobile US products at the start of the year. The number of new contract customers after deducting cancellations rose by 532,000, as the Deutsche Telekom subsidiary announced on Thursday after the US stock exchange closed in Bellevue (US state of Washington). The mobile communications provider thus attracted significantly more customers than analysts had expected on average. The T-Mobile US share price fell moderately on Friday, while the shares of the parent company in Frankfurt barely budged in the morning.

Mining group Anglo American rejects BHP takeover bid

LONDON - Mining group Anglo American has rejected the multi-billion euro offer from its industry colleague BHP due to serious concerns. The mining giant's approach is "opportunistic" and is not attractive for Anglo American shareholders. "The proposed structure is also highly unattractive and creates significant uncertainty and risk that is almost entirely borne by Anglo American," Anglo American's statement published in London on Friday continued.

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Further news

-ROUNDUP: Stratec sees upturn in the second quarter - Share price jumps

-Thyssenkrupp steel workers skeptical about entry of: Energy company

-Dropped gas prices weigh on energy group Totalenergies

-AMS Osram starts the year in the red - Restructuring

-Boss boss can imagine takeovers

-Press: Severance programs for SAP job cuts in Germany are in place

-Insurer Talanx increases profit more than expected

-ROUNDUP: Snapchat company grows significantly - share price shoots up by a quarter

-Vinci confirms forecast

-Juice producer Valensina buys back shares from Thai investor

-State Secretary Kellner regrets job cuts at Tesla

-MAN more profitable despite falling demand

-Germany and France lead the EU in climate-friendly technology

-Renewable energies covered 56 percent of electricity consumption

-High ticket tax burdens holidaymakers and tourism industry

-Roche comes one step closer to EU approval for cancer drug Alecensa

-Pistorius in favor of agreement on battle tanks of the future in France

-Collective agreement at Lufthansa subsidiary Austrian Airlines

-Insurance: 500 million euros in damage after hail and frost

-Federal Minister of Agriculture Özdemir in favor of healthier food options for children

-Shareholders demand more speed from Bayer CEO Anderson

-France may invest hundreds of millions in nuclear power research

-Iran wants to deepen military cooperation with China

-ROUNDUP: Solar package approved - Boost for expansion of solar energy

-Oil company Chevron earns less - Gas price decline

-130,000 visitors at Hannover Messe

-Pre-Corona level far away - 13 percent more passengers in the 1st quarter

-ROUNDUP/TV dispute: DAZN goes to court and threatens to pull out of Bundesliga

IPO: CVC in Amsterdam with strong on-board debut

-Federal Council adopts initiative to strengthen biogas

-Commerzbank: Real estate prices likely to fall further

-Continental Supervisory Board Chairman calls for more speed in Group restructuring

-Deutsche Schoeller Group takes over Italian Signa projects

-Verdi strikes at Ikea and Metro - HDE: Employers well prepared

-Germany and France agree on construction of MGCS land combat system

-Länder urge strategy for better drug supply

-ROUNDUP: Federal Council clears the way for standardized charging cables

-Italian journalists' union calls for strike at Rai

-After frosty nights: Winegrowers' association fears crop failure

-Majority of Berliners think 29-euro ticket is right

-Survey: Many major cities offer employees a job ticket to Germany

-Memory of childhood: 'Medizini' poster magazine turns 50

Customer tip:

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

/jha