ROUNDUP: dividend at Conti should be canceled – loss in the Corona year 2020
HANNOVER – Due to the difficult business situation, Continental shareholders should not receive a dividend for the Corona year 2020. After examining the books, the auto supplier and tire manufacturer found a negative group result. The refore, it will propose to the upcoming annual general meeting at the end of April to waive a distribution, it was said on Friday evening from the Dax (DAX 30) group in Hanover. For the year before, there was still 3 euros per share, despite the red numbers. CFO Wolfgang Schäfer had already indicated last November that a turn to profit could no longer succeed.
ROUNDUP 2: After an engine failure at Denver aviation authorities announce examination
WASHINGTON – After the engine failure of a Boeing 777 not far from Denver in the state of Colorado, the US aviation authority FAA has announced consequences. Machines of this type, which are equipped with certain Pratt & Whitney engines, should be intensified and checked immediately, said FAA chief Steve Dickson on Sunday (local time) and announced a corresponding emergency policy. “This will likely mean that some aircraft will have to be taken out of service.”
The number of inspections should be increased.
Adidas wants to pay dividends again
The board of directors intends to propose a payment of 3 euros per share at the general meeting in mid-May, as the company announced in Herzogenaurach on Monday. A total of 585 million euros would be distributed to shareholders.
The dividend yield is around one percent. On the stock exchange, the share contained its losses and is now on a par with the overall market for the day.
Commercial vehicle supplier SAF-Holland can score in the final quarter
The commercial vehicle supplier SAF-Holland (SAF-Holland SA) was able to contain the significant losses in the Corona year 2020 in the final quarter. Especially with the adjusted operating margin before interest and taxes (EBIT), the SDAX company made significant progress in the fourth quarter with an increase from 4.7 percent in the same quarter of the previous year to now over 8 percent, as SAF-Holland said on Monday provisional figures was called.
The share climbed by over three percent in the pre-trading session.
Auto and industrial supplier Schaeffler rejects demerger
The auto and industrial supplier Schaeffler does not want to split up like some other auto and conglomerates are currently doing. “Separating just for the sake of separating is not a coherent concept, even if the stock market occasionally thinks something like that is great,” said Schaeffler CEO Klaus Rosenfeld of the “Süddeutsche Zeitung” (Monday). “Schaeffler is not a conglomerate in the classic sense, but an integrated technology group that serves various sectors,” Rosenfeld told the newspaper.
The activities in the group are usually linked by a common production technology. Schaeffler is currently doing better than it was a few years ago.
Australia escalates conflict with Facebook and stops ads
The revenue loss for Facebook could amount to 10.5 million Australian dollars (around 6.8 million euros) per year, reported the broadcaster ABC.
US tire manufacturer Goodyear wants to take over competitor Cooper
The US tire manufacturer Goodyear (Goodyear TireRubber) wants to strengthen itself with the multi-billion dollar takeover of its competitor Cooper (Cooper TireRubber). Goodyear wants to pay for the deal in cash and own shares and values Cooper’s share capital at a total of 2.8 billion US dollars (2.3 billion euros), as the Conti competitor announced on Monday in Akron, Ohio. Cooper shareholders are to receive $ 41.75 in cash per share, plus 0.907 Goodyear shares on top of that. With the closing price before the weekend, this corresponds to a value of $ 54.46 per paper. On Friday, the Cooper price at close of trading was $ 43.77.
Sanofi wants to help Johnson & Johnson with vaccine production
The French pharmaceutical company Sanofi also wants to help with the production of the corona vaccine for the pharmaceutical company Johnson & Johnson (JohnsonJohnson). As soon as approval for the vaccine has been granted, Sanofi will grant access to its location in Marcy-l’Étoile, the company announced on Monday. Sanofi had already announced that it would grant the Mainz-based company Biontech (BioNTech (ADRs)) access to its production infrastructure in Frankfurt-Höchst and take over late-stage manufacturing steps such as filling to support the delivery of the Covid-19 vaccine.
Kuehne + Nagel buys air freight service provider Apex from China
The company is buying a majority stake in the Chinese air freight service provider Apex International from the private equity company MBK. Kuehne + Nagel announced on Monday in Schindellegi, Switzerland, that the parties have agreed not to disclose the price of the transaction.
The purchase price will be financed from liquid funds and, if necessary, from existing credit lines. MBK joined the Chinese air freight forwarder in 2015.
-Pfizer / Biontech: Corona vaccine stable even at higher temperatures
-EU agency calls for more controls in the fight against product piracy
-Most landlords in Berlin adhere to the rent cap
-Schaeffler builds new central laboratory for 80 million euros
-Corona crisis causes exports of the confectionery industry to fall
-Security service Kötter builds up business with corona tests
The real estate boom slows down the trend towards larger apartments
-Eisenmann criticizes Daimler for high payouts despite state aid
-Carsharing and e-scooter providers establish new association
-VW works council: Missing battery cells slow down Golf production
The public prosecutor’s office investigates animal welfare on Tesla premises
-Uber defends itself – and criticizes reform of the transport service market
Study: Homeownership has become more affordable in some cities
-Data: 94 percent fewer hospital stays after the first vaccination dose
-Faulty play-out filter left VW ad on ‘Breitbart’ page
Violations of Corona regulations: BVB accepts possible punishment
-Brewer: Millions worth of beer poured away
-Explosive Post: Suspicious pensioner is silent
-BVB back on course after 4-0 in the Revierderby – Schalke can hardly be saved °
The re are several reports on this topic on the dpa-AFX news service.