Thyssenkrupp Admits to Slow Turnaround, Shares Tank

Turnaround speed an issue in investor talks No timeline on steel unit spin off, hydrogen IPO Q1 adjusted EBIT down by a third Shares fall as much as 9.6 FRANKFURTDUESSELDORF, Feb 14 Reuters Thyssenkrupp39;s restructuring was progressing at a slow pace, its finance chief said, as the company grapples with delayed spin off and listing of […]
Read More

Australias Iron Ore Giants Face Earnings, Dividend Plunge

BENGALURUMELBOURNE, Feb 14 Reuters Australia39;s iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep drop in their earnings, which is set to compress their payouts to shareholders, after China39;s COVID lockdown drove down iron ore prices. Earnings at Rio Tinto and BHP Group are seen declining 48 and 28, respectively, for […]
Read More