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1 week ago | 
today.westlaw.com | Tom Käckenhoff |Rachel More |Friederike Heine |Tom Kaeckenhoff
FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp gave CEO Miguel Lopez a new five-year contract on Friday to continue an overhaul of the struggling conglomerate, averting a leadership crisis after powerful union representatives had opposed his...
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1 week ago | 
businesslive.co.za | Christoph Steitz |Tom Kaeckenhoff
Frankfurt/Düsseldorf — Thyssenkrupp’s deputy chair will vote against the contract extension of CEO Miguel Lopez at a board meeting on Friday, saying he had not delivered a promised turnaround of the steel unit after selling a stake to billionaire Daniel Kretinsky.
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2 weeks ago | 
gurutrade.com | Tom Kaeckenhoff |Friederike Heine |Miranda Murray
DUESSELDORF, June 13 (Reuters) - Germany's Lufthansa is bracing for weaker demand in the third quarter for flights to the United States after a boom in the summer, according to CEO Carsten Spohr.
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Feb 21, 2025 | 
today.westlaw.com | Rachel More |Tom Kaeckenhoff |David Evans |Christoph Steitz
FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp said on Friday investor CE Capital Partners has broken off talks about a potential purchase of the HKM steel joint venture, raising the risk of closure for the asset and its roughly 3,000 employees.
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Jan 23, 2025 | 
gurutrade.com | Vera Eckert |Tom Kaeckenhoff |Miranda Murray
BERLIN, Jan 23 (Reuters) - Germany's power grid operators will need the country's regulator to grant higher returns on their capital from 2029 to be able to spend on grid expansion and attract investors, the chief executive of network company Amprion said.
Speaking to Reuters on the sidelines of the Handelsblatt Energy Summit, CEO Christoph Mueller said Amprion, 25% owned by utility RWE, wished for the regulatory agency to consider its plea in decisions expected later this year.
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Dec 10, 2024 | 
gurutrade.com | Tom Kaeckenhoff |Linda Pasquini |Madeline Chambers
Dec 10 (Reuters) - Germany's VDMA engineering association said on Tuesday it still expected production in the sector to fall next year, although at a slower pace than in 2024, and flagged the risk of slight job cuts as sinking orders have hindered capacity utilization.
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Nov 25, 2024 | 
businesslive.co.za | Tom Kaeckenhoff
Berlin — Thyssenkrupp Steel Europe (TKSE) plans to reduce its workforce by 11,000 people, or roughly 40%, the company said on Monday, the latest major restructuring to be announced by a German industrial giant. Germany’s largest steelmaker, a division of Thyssenkrupp, is under pressure from cheaper Asian competitors, high power prices and a weakening global economy, leading to operating losses in four of the past five years.
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Nov 19, 2024 | 
gurutrade.com | Christoph Steitz |Tom Kaeckenhoff |Friederike Heine |Saad Sayeed
2023/24 net loss at 1.5 bln eur
EPCG can step back from steel deal if 50:50 JV fails
Free cash flow before M&A positive at 110 mln eur
ESSEN, Germany, Nov 19 (Reuters) - Thyssenkrupp on Tuesday said it took a fresh 1 billion euro ($1.06 billion) impairment on its struggling steel division, citing the sector's deteriorating outlook as well as future investments needed to decarbonise production.
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Jul 5, 2024 | 
today.westlaw.com | Miranda Murray |Tom Kaeckenhoff |Christoph Steitz
FRANKFURT (Reuters) - Thyssenkrupp, Salzgitter and France's Vallourec are reviewing a sale of their steel joint venture HKM after they were approached by a potential buyer, Germany's largest steelmaker said on Friday. A sale of HKM, in which...
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Mar 13, 2024 | 
gurutrade.com | Christoph Steitz |Tom Kaeckenhoff |Louise Heavens |Tom Hogue
Has 5-10 bln eur in additional funding headroom
2024 core profit outlook ahead of consensus
Frankfurt-listed shares +3.4%
ESSEN, Germany, March 13 (Reuters) - E.ON, Europe's biggest operator of energy networks, on Wednesday raised its five-year investment target to 42 billion euros ($46 billion), saying the continent required major grid expansion to make the transition to clean energy sources.
